Market behavior???

Discussion in 'Trading' started by retire45, Nov 10, 2008.

  1. I hereby demand and explanation for today's market after Friday's late day strength (with ALL that atrocious news).... completely trashed my trades end of Friday, AND this morning..
  2. Here is a secret: Just because a market does not crash on bad news does not mean it is strong, it may just be going through a technical (meaningless) bounce...
  3. We never really had a rally, it was just bunch of noise on the dow, I'm looking at aapl for the general market direction instead of the dow for the short term.

  4. Thanks..!! I will use that secret... I am all set now... knew it was something like that...

    Date: 11/10/08

    From: THE MARKET

    To: retire45

    Sir, my job is to befuddle most of the people, most of the time. It is the very nature of markets that only a few can win. And that, unfortunately, is not you.



    j/k good trading to all! :)
  6. Fah Q

    Fah Q

    The market sent me a memo saying "Fuck you, save some for the rest"

  7. rumor has it, smart money predicts 20/25% more for the down move. (Not overnight but before the end of the year)

    Sp500 699
    INDU 6749

    This could be the bottom they say.

    Plenty more "Outflows" to come from Joe Sixpack's 401k

    Hedgefunds selling out in every rally.

    The "bad news" has just started.

    Administration Transition.......

    Obama has yet to name key appointments

    Nationalization of AUTO Industry being pushed by the Dems.

    Plenty of reason's why you sell into rally's with less risk.
  8. The dow is easily manipulated yes... and I despise it as an index. but to use AAPL to gauge market?? I trade mainly ETF's and they ARE markets on their own..
  9. karol88


    I watch AAPL all the time, to me it's been the best indicator for the last year or so...
  10. Will keep an eye on it then..
    #10     Nov 10, 2008