================== I was thinking the same thing ; especially since we were over due for a good bear rally/monthly hi retest. But while QQQQ & SPY certainly did go up a penny, several cents; then dropping 7%+ & % +; not near so bear rally minded now. Fundamentals not much better.Bloomberg did a news story on Pilgrims Pride [USA number 1 in chicken kings] ,CEO having a stroke & dying last DEC; this DEC ,new CEO files for BK...............................................
never thought i'd see the day, but i have to agree with stocktrader this once, the gm bailout may be the impetus to restore the market rally. a market retracement was widely expected t0-day....could not believe we would pull back to this degree....but that's the VIX for you. Most are expecting a market rally later in the week...maybe sooner than later. just goes to show, you never can tell!!!
Even if you agree with him once you shouldn't egg him on. The one sad thing about online forums is that you can't physically tell someone to shut up.
there's no way I would buy anything until Friday's jobs report. There is new disturbing news that -- may not -- be priced in yet. China is in recession and California is in a state of financial crisis. Nuclear powers India and Palestinian are feuding. Plenty of room to fall more, Financials down over 16% today
Just go for the large ups and downs intraday that make the Dow(YM) so excellent for trading over recent months. My usual reminder: you must deploy a reliable methodology for the days play. It was a slower session today but the range (YM Monday Dec 1 2008) was 496. You just exploit the days gyrations; that is buying the upmoves, selling the downmoves sequentially. It just so happened that there was a good slide to start the session (173 points down) before a reversal and a big slide to finish off the session (316 points down). Nice. Overall the sequence in todays gyrations (up/down repeating 9.30 to 16.00 on Dec 1) produced 17 macro 'legs' of minimum 35 points. The mean average of those 17 'legs' was 86 points per 'leg'. Therefore between 9.30am and 16.00pm, thats more than 1450 points which were on offer. So capture most, or a large slice, of those points each market day. Build a plan and you can engage the market with the aim of making a big success of your trading.
Is down 700 pts higher? You do realize that you have been saying the same thing since Dow 14,000? You do realize that, right?
You are still in denial even if I made the call rights here on ET, and also showed the evidence of the trades (it is below if you did not read it). I went long at the bottom of the lastest bottom, and took profits at the top of (Friday 28, 2008). Also nailed the bottoms of october 10, October 16, October twenty something, the top of election day, etc. In addition notice that in my latest calls you were short at the exact bottom Friday 21, 2008, and you were bullish at the exact top on Friday 28, 2008 (the latter is evidenced by your starting of this thread), the former is evidenced by your comments and insults in my November 21 bottom call at 2:37PM. How could you deny the facts? In addition if you think it is I am correct by chance, I have been doing it for 6 months now. (I must be extremely lucky or extremely skilled). Check my history here on ET (threads on market bottom, Shorting McDonald, QQQQ/NDX threads) and a series of calls in Rennick's thread. (Some bagholders on Rennick's thread had to begg me to stop because they were always wrong when I told them. Once the facts come out, it hurts them and request a hundred times that I just stop because they could not take it anymore. They never got me even once. He had only a microscopic chance to miss getting me, and they did not miss it. PS: sorry about the edits, as I do not edit what I write. Lack of time folks,
btw IDIOT I WASNT BEARISH ON THE 21ST.That you say here as fact that i was bearish shows what a retard you are and that you have no comprehension skills whatsoever. What i said on the 21st was "this bear market isnt oversold...just as the bull market wasnt overbought for 5yrs..." And for your information i was short over this weekend you moron and i covered this morning. You are a friggin retard. Hey PAPER TRADER,you think making 4 calls over 9 months is prophetic?How many pennies did you make- i mean cnbc virtual points?Where are you going to redeem your points at?Disneyland? Since october 10th ive made probably 150-200 trades vs your 1 or 2 PAPER TRADES.And have been about 90% accurate.Id love to see you beat that. Being correct on 1 or 2 trades is laughable.That you think you are good is a joke.Try doing it over 1000 trades you lame.Your paper trading is worthless-you have no balls or money in this game.Get lost.Go to your mamma. YOU ARE BS'ING EVERYONE HERE. i DARE YOU TO SHOW ACTUAL TRADES-NOT REQUESTS.YOU CANT cause you have nothing in the game. WHY DO YOU COVER UP THE SIZE AND DOLLAR AMOUNT- i dare you to show that also....smaller than your manhood obviously. CHICKEN?????
That is it. My patience with your retarded head is over. Look your funcking bagholder, you submit to what I write because you are intellectually inferior. So go fuck yourself. I will always put deep candles in your ass in the market and put fire in them to send up running with joy and pain. You will receive them any time I please. So again, FY. With by est shitty regards!