Big Wet's Stock Talk 10-6-09

10-6-09 market analysis and chart analysis

Category:

News & Politics

Tags:

• stocks
• stock charts
• stock market
• finance

[RVAspeculator]

Are you still in Big Wet?

[Bigwet72]

Still In and thinking of riding this out. Down a solid 50% in the portfolio. If I Sell/cover now It will be hard for me to take a new position. Will be looking at it to short term. Still not sure short term but I know will will go down over the next year. Good Luck

[irenderit]

meant "foot "but exit with a burger in hand ok good too.

[irenderit]

OK- RSI = BEARISH DIVERGENCE on SPY says 1099 is time to take profits.go to 6-month SPY@ stockta .*** and look at RSI making a lower high. stochastic is getting tired in overbought territory too, look how it's separating, and flatening out. RED FLAGS to keep food in exit door here.

[irenderit]

HAVE SVU chart TO SEND ANYBODY resist. is 17.50-17.85, above that could be 20, but stochastics getting overbought, at 17.50, see what it does, draw bottom t-line from March, and tops, big wedge, and breakout, on 3x normal volume, I know Cerberus Capital (John Snowjob)owns 50% they overpaid, and maybe are looking for a buyer of the 600 Albertsons LLC stores, don't chase open gapup.won't let me post chart.

[irenderit]

ur welcome, SVU my pick for tomorrow, at $17, barchart has 100%buy 17.85 resistance, I work for the co(14 yrs), got laidoff, they cut expenses and lowballed the .33 est, look what Safeway did on ho-hum earnings. SVU could go to 18.50 me thinks, don't chase a gapup open though. good luck.

[uckfayu]

Thanks for the reply irenderit, and I just read the Brian Bloom article, very encouraging for us bears, I thank you for taking the time to contact me, its appreciated!

[irenderit]

read Brian Bloom, "primary bear trend to resume?" on financialsense. Look at those wedges. If the dollar bounces hard here(breaking declining wedge) Dow may go other way, or we pullback & go sideways, Pakistan getting worse might pressure oil. Gov't wants Dollar to hold 75, so we'll see... keep bearsh etfs handy me thinks.

[uckfayu]

Hey Big Wet, Hope your hanging in there buddy, you know I'm right there in the same boat with you, in fact I recall I went short a bit before you & I'm about 5% more behind based on your last statement of being down about 50%. In any case, I've been doing research, and each month more experts with proven track records feel the pullback is coming, & now its at nearly 90%, nearly every expert I follow say they believe we've finally hit a top. So lets have faith, correction is coming this week

[irenderit]

no vids 4 a while, u ok? Can't fight the tape, this is zero int rates, Goldman, JPM ,primary dealers w/ mtns of cash to play with, Obama believes in TRICKLE-DOWN, who knew!? Went long on dips, BP under 52, MRO under 33, SVU un 15.50, NOK un 13.65, RMD un 43, VZ un 29, many pay xlnt divs, SVU will beat 33 cents Tues easy.

[zgreg427]

damn big wet.....with this 50% loss you will need to double your current book just to break even....losses will kill your book.....cut ur losses early...

[uckfayu]

Hey Big Wet, Pretty sickening huh? What a really crappy past 6 months this has been for me and anybody else who looks at fundamentals and technicals and charts of any kind. This market should have pulled back long long long ago, and instead we have the most blatant stock market manipulation ever seen in history. The market is more overbought and overvalued then ever before, but keeps going up. However...the law of gravity says what goes up must come down, and down hard it will go for sure!