Thursday, January 19, 2012

Punched in the Nose, Now What?

Had a busy but great day today. That's always good. 3 sleeps until NFL title games, are you ready?

Punched in the Nose, Now What?
Markets were getting that look like the old runs today, but some news on earnings may have been the monkey in the wrench (via John McClane in "Die Hard").

I am not going to recount all these things. Can the market take a punch here? This is why I have been long for the past week, to see what would happen after a low volume uptrend was met with some bad data.

So will the buyers step up, or will they run for the exits?

Will they be Tommy Bell, who lost a lopsided 15 round decision to the immortal Sugar Ray Robinson , taking a beating the whole way but standing strong, as Ray won the welterweight title but did not quit?:

or

Will the market and profit takers take one shot and collapse like Donald Curry against Mike McCallum? (skip to 1:00 mark):

We shall see.

Have a good night.

4 comments:

Jennifer Hillier said...

Great analogies! You're so smart!

GawainsGhost said...

Boxing, economics, finance, genetics, are you kidding me?

Everything in life can be compared to football.

I'll take the Giants and the Patriots in the Super Bowl. The ultimate revenge game.

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QUALITY STOCKS UNDER 5 DOLLARS said...

Somebody is getting the better of it.