Dow About to Break Out?

Discussion in 'Trading' started by Corso482, Jan 14, 2003.

  1. ya, the system's bias...good god man! you know what i mean!:D
     
    #21     Jan 14, 2003
  2. dbphoenix

    dbphoenix

    I don't know. I thought you might be doing a TRON.

    --Db
     
    #22     Jan 14, 2003
  3. lol
     
    #23     Jan 14, 2003
  4. TGregg

    TGregg

    One bull correction until tax day coming up. We gotta do something to get some more lewt in this market, and this is it. A bit after Valentine's, the main stream press will be saying the bear is dead, and it's safe to put all your money into the stock market. That will last just long enough to sucker in every drop from the 2002 Roth's (last contribution is in the middle of April). Then we tank again. And the average investor takes it from behind again. Anybody surprised?

    Just me humble opinion, of course. *I'm* certainly not going to bet the farm on the above scenario, and you shouldn't either.
     
    #24     Jan 14, 2003
  5. Gordo, can you explain the above quote? LOL! I wonder why a response was generated to a post not seen. Ooooops!


    Is there an upside breakdown? You know... in the spirit of...
    ...being absolutely clear!

    Sometimes tasting your own medicine can be a bitter experience.

    :)
     
    #25     Jan 14, 2003
  6. TGregg, that is another nice potential scenario. Good thoughts.

    These kinds of color commentary make TA so fun. You check out the charts, you make your play, and then when your short the company comes out with bad news.

    I liken it to the X's and O's on the play diagram. Does the offensive coordinator know that Randy Moss is going to make the one-handed fingertip snag in the endzone? No! But the play was executed and after that, who knows what is going to fill in the rest.

    :)
     
    #26     Jan 14, 2003
  7. Let me guess the reason why you look at the Dow instead of the S&P500: Because it's the bellwether!

    That's what I thought.
     
    #27     Jan 14, 2003
  8. I don't get it; what are you trying to say?
     
    #28     Jan 15, 2003
  9. nitro

    nitro

    The resistance is getting thicker and thicker, and with all the Geopolitical worries, it is hard to imagine it going there on it's own.

    Earning season started with AA on a bad note. INTC is not much better.

    Predicting is a bad business to be in, but I vote no breakout and very range bound volatile trading that is exciting on open + 1 hour and close - 30 minutes, and boring the rest of the time.

    nitro
     
    #29     Jan 15, 2003
  10. I say breakout, to many stocks at a level with specialists and marketmakers getting long. If they are getting long that must mean there buy orderflow is increasing.
     
    #30     Jan 15, 2003