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      04-06-2012, 01:39 PM   #807
Vanity
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Originally Posted by Vanity View Post
Not sure about you guys but, in my opinion, now would be a good time to lock in the profits from your longs. It's about to become deja vu all over again soon. We hit 1430 region on ES and have not come anywhere close to that since, signaling a top is most likely in place. 1400 is now turning into resistance again. Will be interesting to see what happens. Even if job numbers are good tomorrow, that means no QE.

Bull markets may climb the wall of worry, but bear declines slide down the slope of hope.
Not sure if anyone took my advice on Thursday to sell. Bulls are going to lose 13,000 on DOW rather brutally on Monday it looks like. Futures are -142. This confirms my recent post 2 weeks ago of a blow off top formation.

I believe now we will be declining from here on out to exaggerate enough pain out of the markets for more liquidity injections. -22% for $400 Billion Twist. Any ideas for how much of a decline is needed to release $1T USD, especially now that unemployment has dropped to 8.2%
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