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发表于 2009-10-29 11:41 AM
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today is Pretty cool, first half hours, bulls and bears are beating the hell out of each other. Seems like they all needed the direction they are forging. except the bull K.O.ed the bears soon after. But I think it is interesting to notice the sentiment behind. I.e. the neediness. bull is more like they need pump up and damp using the current GDP news, while bears are actually trying to make a 5th red day so maybe they can make a confident absorption. So I believe the direction of the market is not in a absolute state rather an relative one. that is if we end up high bulls will caught a break and will start damping soon while bears will lost the willingness to buy since the dip is missed. so further decline may be true. if the market had went down, we would bottomed soon and rebound quicker. I THINK the former case will pan out. If you wish do argue the sentiment are different form above rather: bulls are dip buyer and bears are momentum sellers. I believe the current level can not bring out such an rebound force. This is more like what happened on sept 28th.
either way, i think pure dry buying power is apparently almost intact as it shows today (where after the great battle, middle day trading high are probably due to speculators aka falling knife catchers). they probably means correction will be followed buy further rally.
OF course if we do rally off from here, I believe this could be the last rally of all. |
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狗仔卡
发表于 2009-10-29 11:30 AM
