When the market runs up a 1000 points I will ask the same question. Are we still in recession? That time is coming...all the indicators are pointing towards it.
Day77, chill now. People are playing the market as it is at the moment. When the bull market is proven, then people will take notice and adjust. But you can not cast stones at people for playing the game for waht it is NOW. No one doubts that a bull market will come again. But for now the shorts can make some money. So relax and live and let live.
Who is telling you how to play the market? Did i say that somewhere? Show that to me. The thread is about trading and how inner emotions change the outcome of the markets. Doom and gloom subconsciously leads to negative reactions and hence so called self induced " BEAR MARKETS" which is easy to manipulate by institutional traders.
Nasdaq put on what looks like a double bottom today. Only time will tell if we move up from here or down. This low coincides with the low set on 1/22/2008. That is Technical analysis. You can have all the doom and gloom but it can't change the empirical facts as they appear.
What are these "instotuitional traders" motive by playing on emotions of trader..thereby inducing a bear maret? You imply they want to drive down (price), then they come in and sweep up cheap buys. Maybe so day77. But before they have a chance to buy low and hold while price goes up..the traders sell short for profit. You advocate bull run..which would be nice, but money is being made by some on the short. You want that to stop. That is waht you advocate. I'm not saying it is good or bad, but you do advocate stopping short selling. So yes, that is you telling people how to play the market. If it will work...who knows?
He's a lunatic. I wish people would stop quoting him so I wouldn't have to accidently click on his commentary and lose brain cells.
West Texas Intermediate crude (CL) offers wide volatility daily as has the DOW (YM) in recent months. This all a day trader needs for a great month this month and every month. Play the daily gyrations. Now you may wish to call them undulations, oscillations, mini-trends or just dear old upswings and downswings. Don't let the semantics get in your way. So get ready to play. Upward price direction will always follow downward price direction. You play from the open through to end of the day (market close). You apply a robust methodology which gives you the signals to buy each upmove and sell each downmove in turn as the follow each other in sequence. You are thereby accessing on a consistent basis the huge number of points which the market offers daily.