notice how we were talking about how bond shorts had a historical opportunity to sell...given the upsurge in equities.
this minor channel will break to the downside on FOMC 50 basis...on dollar index. some dollar bear positions reemerging secondary to monetary policy and also political expenditures will continue with the war and housing rescue plan. as Hillary stated... 'the money will come from where it will come'...the budget.
"He instilled in me the idea that, to some extent, to be a good trader, you have to be a contrarian." Who said it ?
looking at all the markets... there is one more big downward move... before time runs out...secondary to political timetable and monetary support, its the last pitstop to flush out longs, before a definitive attempt to move up. the holidays may support the market for a bit, but as the new year rolls around, the data will be engineered to come in weak. this week data will fuel another attempt at highs in bonds.
Apex, Thanks for the additional info. Spectre (or anyone else), Don't you think it will be very hard for the market to continue to new highs with most people in the country unable to sell their houses? I am seeing more and more houses in relatively upscale neighborhoods for sale than ever before, and nothing is selling. I know a lot of people who are the opposite of sub-prime who are starting to get pretty worried. Here is an interesting perspective for anyone interested: http://blogs.marketwatch.com/greenberg/2007/12/straight-talk-on-the-mortgage-mess-from-an-insider/
who said it? who cares........the first thing for u today of importance is to say that this forum mission statement says "i will become good soon" or something like that....NOT...VOLENTE....CAN I ADOPT U MAYBE I WILL TEACH YOU THE TRUTH OF INTRADAY TRADING AS MY REAL STUFF IS FOR FAMILY ONLY.... .....this intraday emini traders is kicking all comers butts up between their shoulders...now we are down to talking contrarian is genius....don't dare trade with the trend...Wow......NEXT comes Hillary quote .....Miss Honesty Hillary has a likeability factor among voters that is rivalling mine here....and that is nil.....but what if i am right? What if I do run in the high 90% range.......always....and not allowed to think? Like the Fomc? u have a 60 % chance of being in right direction if u have a real good system as u will be most likely not in whipsaw when it happens....stay out give it a couple of 15 min bars and forget it....the crap i hear about oh, the market is so scary because of FOMC NEXT WEEK....what kind of crazy intraday thinking is that???totally off the wall..totally....when the market is going down intraday, try to sell high...duh.......going up do the opposite..another duh...if u believe it is more than that u r in the wrong box............the market runs and chops.....runs include run up and run down...the chop is whipsaw not range day.....if u dont believe that then you need education....and it can only come from you....years and sweat....I will leave my friends here alone now...
by the way opt....i dont where u reside but where i do on texas coast the family member who builds upper scale homes is having biggest years ever...this one tops them all....for a few decades he has built houses.....katie couric and her buddies would have u believe the economy is bad also right.....how does puff diddy drag in 175 million per year......50 cent same stuff ...millions and millions for big movies...somebody has to buy monstrous # of movie tickets.... .....every kid i know has a cell in pocket....sorry, don't see it....interest phenomenal low, same for unemployment...my gasoline still 2.80 here....easy to get caught up with news media who vote 90 percent liberal...and harry reid and nancy...CONGRESS IS DESPISED MORE THAN EVER IN HISTORY SINCE DEMS TOOK OVER............and hate gw and most of time support foreigners on every issue against america... hillary clinton will take you where you never thought possible........and it ain't up.......