do you have a journal on ET where you post your revelations some time in advance or do you just sprinkle all ET forums with them? The former would be more advisable...
I would agree that techs have lead this rally since the start. However, dont sell the CYCs to short. MMM has been a hell of a mover and is still strong. CYC and even the Bkx, xbd have acted strong. Now the question is, if we take a dive, will the Tech money flow into the CYCs, or even some of the BKX, XBD, or will the flight to quality not happen and a flight to safty, such as bonds and even GOLD. i guess we will have to wait and see. But, the SOX and semis were leading, Msft was a part, but the main push on the nasdaq was from the SOX.
Now that is a great idea. I, for one, get tired of having to read a number of threads started in the Trading Forum that are nothing more than a link to a news story. Great idea electron. Harry.... think about it because most of this stuff belongs in ChitChat anyway.
I would like to see more posts like this when people share there annalists, it really puts some sense behind the moves.
We did fall 80 points on the NDX in the space of 3 days, and considering how close to the highs we were when it started this descent, a bit of a bounce shouldn't surprise anyone here.
No , harry, there is no tautology there. The quote does require some insight into the way the market works however.
I will come to this thread later once I will make another thread regarding Efficiency theory - in a thtread which will be untitled "Stock market and long term memory effect" - and relating with Jensen I quote today: A new inspirational quote everyday. For Sunday October 26th: "A market is efficient with respect to information set Omega{t} if it is impossible to make economic profits by trading on the basis of information set Omega{t}" -- Jensen, "Some Anomalous Evidence Regarding Market Efficiency" - Journal of Financial Economics, Vol.6, pp.95-101, found in "Stock Market and Modeling Stock Market returns", by Valérie Mignon, Economica 1998 collection Advanced Economic Knowledge