tag:blogger.com,1999:blog-3323125037607548189.post4924300487023762543..comments2024-03-15T02:40:09.484-04:00Comments on Wall Street Manna: Why can't you be serious?Palmonihttp://www.blogger.com/profile/17670456087642069778noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3323125037607548189.post-4583545390843637692009-10-20T15:11:11.370-04:002009-10-20T15:11:11.370-04:00Palmoni...never doubted you and i was amazed when ...Palmoni...never doubted you and i was amazed when i saw those numbers too...i should have praised you in my last post vs just asking whether it will be filled.<br /><br />good call!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-78757930585127986802009-10-20T14:48:49.013-04:002009-10-20T14:48:49.013-04:00This comment has been removed by the author.palmonihttps://www.blogger.com/profile/12012035226073451275noreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-41931729999027392492009-10-20T14:48:48.656-04:002009-10-20T14:48:48.656-04:00No--I don't think they will be filled! I think...No--I don't think they will be filled! I think we just need to consolidate a bit here.<br /><br />Too many underperforming fund managers not invested.<br /><br />I was sort of using that piece to show that my "targets" aren't abritary or capricious. <br /><br />There actually is some thought behind them--and I just thought it was cool that today--one of the most widely regarded technical analysts, mentions the 1121 Fibonacci retracement--Especially because it is now close to it!<br /><br />I think a lot of Wall Street is just snake oil salesmanship--and that the most important attribute to good trading is an open mind--and not such a firm reliance on technicals or fundamentals--and a puls on human nature.<br /><br />I think the idea that we will fill the gaps have as much chance as AAPL filling its gaps at 12 14 or 16!. At least that's why I put that piece in there.<br /><br />In fact, I know so many people now buying puts because they think this is it--we are ready to roll over. I don't see that happening.<br /><br />You can tell that all we have lately is a sell the news on earnings reaction.<br /><br />That's the playbook. But now people are looking as though this is the top.<br /><br />What we really need is a sideways market for a bit. But the bears will probably press it, an dthen they'll puke it up and cover the next day after they have sold!<br /><br />I don'tpalmonihttps://www.blogger.com/profile/12012035226073451275noreply@blogger.comtag:blogger.com,1999:blog-3323125037607548189.post-71756387099295185062009-10-20T14:04:15.143-04:002009-10-20T14:04:15.143-04:00thanks for posting this...great read and not confu...thanks for posting this...great read and not confusing.<br /><br />there are quite a few gaps during this run up. do you really think all will be filled?Anonymousnoreply@blogger.com