10-31-09 Big Wet's Stock Talk response to irenderit
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Hey Big Wet, Well today really sucked eggs didn;t it. Not sure what would have caused a rally like that, but the Russells closed in read, and the spx and NASDAQ saw minimal gains. The Dow is obviously the most manipulated by far however, but will still fall hard. Very frustrating old buddy. However a big, big, big pullback tomorrow will make me feel better.
uckfayu 2 years ago
why is it smart taking profits on FAZ when the trend is about to change? a dead cat bounce is possible, a huge gap down is also possible and then you'll have to chase
xennevdl 2 years ago
nice volume on faz too , gonna jump in real soon ,see how it pans out monday.
great info on your vids ,
keepem comin bw
cosmicguerilla1 2 years ago
Hey Big Wet, Great vid my friend. Yes, Monday is very important, even more than Tuesday in my opinion. If we drop 1% ore more Monday I think its off to the races. If we rally more than 1/2% than I'll be a little worried. I believe we'll drop 2%+ and by the end of the week a total of 10%. Have a happy and safe Halloween, and we'll see you Monday.
uckfayu 2 years ago
a lot of stocks i've been watching have broken their channel support and a huge downside volume on FRIDAY is something we haven't seen for a while. it's a smart move to take profit off FAZ. you can buy it back cheaper next week.
ll0llll0ll 2 years ago
good vid... note: gold made a statement friday by staying flat against a rising buck. It made the same "transition" during the Feb - March downleg.
tickhound 2 years ago 2