Wall of worry

[kwagga]

This market is making me seriously nervous. Everything is pointing to a correction. The magic ingredient is just missing. We need an event that will scare the bulls off.

[Preston]

Event was on Friday, when this market flushed out foreign buyers. Stock will trade sideways for now and will gradually drop to the downside. OMO

[SimonPB]

what does "flushed out foreign buyers" mean ??

[kwagga]

Preston - If the foreigners are flushed out, we'll tank BIG time. The world if flush with money. They'll support us until they find a better place to put their money, or rather keep in cash. When we start getting 3%+ down days on the ALSI, you'll notice.

[Preston]

@kwagga, when the exchange rate (R/USD) started to depreciate, there was massive sellers for FSR and VOD stocks.

[Preston]

@kwagga, when the exchange rate (R/USD) started to depreciate, there was massive sellers for FSR and VOD stocks on Friday.

[klapka]

A sizable correction would be splendid in this bull market. It would remain a bull market.

[Oom_Boom]

Kwagga, so you feel like a zebra on the Serengeti...Nervous. I'm with you buddie, nervous as hell. However, nerves aside, trading the trend and not trying to predict tops or bottoms.

[kwagga]

Agreed

[koos2]

I dont know, S&P has got a big 2000 writen all over it for year-end. Fed has brought us this far, why stop now? The Ferengi Rules of Acquisition : 8 + 10

[kwagga]

You're right. There is absolutely no reason why we should stop now. But there will be in future, and although I can't anticipate it, I can still wonder and prepare.

[koos2]

Dude, you are not supposed to agree with me - i dont want a starring role in "run of the lemmings" the screenplay! Groupthink sucks.

[Preston]

Koos2, i agree with Kwagga,who in turn agrees with you.

[koos2]

Oi! insert Jackie Chan wtf pic!

[Preston]

Excellent.

[Rams]

market just gone past 45000 on ALSI-how long you going to worry...

[Rams]

managed to squeeze 130 points per contract on the 15 min long...holding on to my longs on daily and weeekly ALSI, and yes, correction coming, just dont know when...