Australian (ASX) Stock Market Forum

Stop calling it a Rally!

Joined
22 April 2009
Posts
42
Reactions
0
Why is this still a rally?
I would love to know.
Markets go up, Markets go down, Whats the saying, down by the elevator ,up by the stairs..

This stopped being a rally for me 3-4 weeks ago......
Market has and is finding a medium and level playing field of where it wants to be.

So today on an up day, its the calls of Rally cant last forever, when will the rally end... Rally is on emotion, total Crap.!

This world and financial climate is changing, just as it was changing early 2007...Markets are only the instrument of the populace that decide which direction it will take.. Wake up people if you think this populace is still thinking the same way as they were during 2008 and Q1 09..

One thing that really gets on my mammories, is all the bears calling this a 4 month bear rally, ( one good thing I suppose is not many of em calling it a dead cat bounce any more!) but no, the last 12 months were all a one way street, following the leemings off the cliff.
In the last 40 days, We have had up days, pull backs, down days, sideways days, sometimes a week with losses, or little or no gain, but as soon as we go on the up days again its still the same rally from March 09..

Oh let me tell those people, the devil is walking amongst you and finding this complex, and (sic) devestating bear market a really simple place to be..

If this is still a mere little bear rally, and we are still in total capitulation mode, cannot wait for the real deal later this year, early next when the world really gets an erection..

I would love to put it in the words of Forrest Gump of the " Mamma , says life is like a box of chocolates..... you never know what will come out" fame,
Seeing as most of the expert bear forcasters are rapidly becoming as creditable as Forrest, maybe we need to go back to that level of market expertise just now to see it how it is!

wheep0
 
Re: Stop calling it a Rally !

Why do you care what people call it?

And why let the bears bother you?

I am just laughing at them while i continue to ride this [insert what ever is an acceptable terminology for this move that you prefer] until it turns.
 
Re: Stop calling it a Rally !

Wheepo do you have problems with bears dating back to when you were a kid? Did you fall over the rail guard at the zoo and find your self being man-handled by a bear? If so, please give details....
 
Re: Stop calling it a Rally !

Wheepo sure knows how to stir the pot, and most people here just cant bring themselves to not comment can they... ;)
 
Re: Stop calling it a Rally !

Wheepo sure knows how to stir the pot, and most people here just cant bring themselves to not comment can they... ;)

Of course the Mods could merge this thread, with virtually the same message, into one of the other threads where he has posted similar rants :p:

Some just love the attention....
 
Re: Stop calling it a Rally !

So wheepy this is what ya bring in from your big wide world, stop calling a rally a rally!!

Brilliant :(
 
Re: Stop calling it a Rally !

Wheepo do you have problems with bears dating back to when you were a kid? Did you fall over the rail guard at the zoo and find your self being man-handled by a bear? If so, please give details....

Sammy84.
Never been man handled by a bear, many a female Tigress, so sorry to break your fantasy there,:D

Nope, I just really get rattled by the constant calls of returning to cave writing and shouting Ugg sharpen the spear, is the Dino stew ready yet and have you found any more of the glittery shiny stuff in the stream..

Plus, I love debate, and from Ive been seeing, far to much one sided debate over the last while to be healthy.

wheep0
 
Re: Stop calling it a Rally !

ss20090601204207.png
 
Re: Stop calling it a Rally !

Yes, it has gone on for longer than I expected, but let's see what happens in a couple of months when the peak of spending from the US stimulus packages starts running out.:D
 
If you want to know why he is so upset with bears have a look at my avitar!

Best

Still waiting in cash for the drop!!
 
Well, from a technical standpoint today is the first day in about 18 months the the XAO has closed above it's 200-day Simple Moving Average. Combined with a technical new major higher low I'd say things are prepped well for potential turning point.
 

Attachments

  • XAO.jpg
    XAO.jpg
    31.2 KB · Views: 149
  • XAO - 2 yrs.jpg
    XAO - 2 yrs.jpg
    38.7 KB · Views: 149
I'm calling it the next leg up on this bear market rally. Truthfully I'm not calling it anything and couldn't care less, but these threads on it are very entertaining. Trade the price action, or as i have done for the last week, do nothing.

The US Futs are smoking at the moment, relief at the GM roll over. Tonight should be an inflection point i think. Loaded up on a few of Nick's gems for tomorrow's ASX show.

Cheers,


CanOz
 
Top