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Post by birthmark on Jan 23, 2015 13:47:03 GMT -5
Hey Huh--
MNKD bounced off that 5.30 area 3 days ago. Now 5.75
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Post by huh on Jan 23, 2015 14:34:08 GMT -5
Hey Huh-- MNKD bounced off that 5.30 area 3 days ago. Now 5.75 Yeah, I've been watching that one. Unfortunately, even as much as I like it fundamentally, I think it's got a date with 3.70's. Especially if it closes under 5.65. 6.20's is now major resistance to the upside after 5.80's.
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Post by huh on Jan 23, 2015 14:40:39 GMT -5
Well, market got the Wed-Fri rally out of the way, and the holiday reversal week.
So will bulls be eating premium bear steaks come Monday? ...Or cheap gyro sandwiches?
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Post by huh on Jan 23, 2015 15:44:21 GMT -5
Anyone think the Greece election this weekend will have any effect on our markets? Any thoughts? Anyone?
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Post by huh on Jan 23, 2015 15:50:34 GMT -5
I think the market's far too susceptible to a large gap down right now...look to GOOG's chart as one example why. If that turns out to be an island pattern, it could see sub-450 in a very short amount of time.
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Post by huh on Jan 23, 2015 15:56:30 GMT -5
SPX tests 2051 - not surprised Didn't test 2067 - surprised I was wrong about 2067 AND the lunchtime action - not surprised
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Post by crumbdon on Jan 23, 2015 16:07:32 GMT -5
SPX tests 2051 - not surprised Didn't test 2067 - surprised I was wrong about 2067 AND the lunchtime action - not surprised My thoughts EXACTLY!!! (As in: I thought the same, and was equally dead wrong )
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Post by huh on Jan 23, 2015 16:09:23 GMT -5
Have a good weekend all. (enjoy those gyro sandwiches. Muhahaha)
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Post by novie08 on Jan 23, 2015 17:03:23 GMT -5
FWIW, friend met with bunches of hedge fund mgrs. last week, they are all expecting a big correction. Need to check on their timing and report back. Already got the answer. They are usually net long at least 60% but now net long only 12% so are already short (as of last week). I forgot to ask whether they are usually right or wrong, lol.
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Post by novie08 on Jan 25, 2015 19:33:26 GMT -5
Well the "radical" "left wing" party won the Greek election. I'm thinking they exit the Euro if not the Eurozone (if that is possible). Guess it should cause global markets to go down, but who knows? Only the algos (Shadow) know for sure. Seem to be talking to myself here. Guess everyone's preparing for the biggest blizzard since 1978 which I survived in Chicago. Actually, since we didn't lose power, it was fun! Can't imagine what we'd have had if there were no global warming!!!
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