I am not above admitting when I am wrong...at least my tech forecast was right...WOMP WOMP WOmp... I know to NEVER fight the tape... I love stops when im wrong! goodluck bro.
for all those that bought above 8910 on dow...i would like my props please, also, a nice Acer 24" would be nice or a hot graphics card with dual dvi output! Thaaaaaaanks...(in my best Bill Lumberg voice)
Since you're such hotshot, why don't you buy it yourself. It's really not that expensive. It must be cause paper profits don't covert into real cash.
Wow, what crawled up your butt? Nice freudian name by the way. Notice I quoted a COMEDY at the end, meaning I WAS JOKING. I never claimed to be a hotshot, im actually a bonehead that was short and made back my mistake about 20 minutes ago. I am amazed at people like you that exhaust their fingers typing negativity... So sad.
Have you seen your posts in this thread? You're just begging for someone to pat you on the back and provide some self assurance. P.S. Not a Freudian name but a nickname.
Pat on the back...dude, how OLD are you to be arguing with someone who needs self assurance? You are a moron and your logic is no good my friend. The fact that you responded to your dumbassed nickname says alot about you...you responded to your own negativity, with, MORE negativity! You loser, you are trolling my posts? Shouldnt you be trading? I am done for the day. Seriously, how old are you?
it's a technical rally manipulated by the gov't stimulus plan such as the FED giving money to Goldman Sachs etc. I mean they are basically transferring money from taxpayers to wall street crooks. these guys who are long now were short. the retail investors are not in this market The Fed didn't create 20 years of 5 trillion dollar debt and widespread leverage in wall street etc. and Fed won't fix it overnight by giving taxpayers money away market valuations are in 2005 levels when economy was actually strong. now the economy fundamentally is very weak. it's a technical rally that's it no fundamentals to support it. the entire market is a manipulated like penny stock in the OTCB stocks and penny stocks. or similiar to a ponzi scheme. nobody cashes out if the market is rising and when it drops everybody cashes out as there is not much money in the market. only new money entering into the market was from gov't stimulus plan in march and april. and the markets wants more taxpayers money to "SUPPORT" bums on wall street in their game casino but gov't can't manipulate facts like companies going bankrupt from bad business models or bad loans etc or just over valuations nobody wants to buy it except the FED and market makers Fed and gov't thinks it can create wealth by increasing taxes and printing money overnight. these things take decades. companies like GM have been dieing for decades. hedging is a waste of time too. insider trading. front running is the holy grail of wall street the people buying now are not investors but speculators leveraged too. it's pure short covering AND market manipulation to pump up the markets. but markets are at 2005 levels what they want 2008 levels. To them it's just levels etc. and fundamentals don't matter technically the volume suggest it's propped up by computers since there is way too many shorts in the market. also the wild fluctuations in the currency market suggest it's way too manipulated by computers in wall street. fx is more connected to the stock market than people think. currencies are b.s. too that is why countries like India, China and many countries fix their currencies. Why let crooks on wall street make money off your currency flipping paper.
Good point aceofbase...i saw the sign when good ole Hillary let slip the gubbament has an actual TASK TEAM for the MARKETS!!! its on youtube if you dig for it. I was short that double top, then went with the hype after 8910...i got stopped out around 9009 due to a stupid tight stop...i had to stay tight since i was short the market and needed to recoup losses...its something that i know i do wrong and i am working on.
this is the first recession that the gov't has been this involved in the markets with this amount of money in every sector of the market buying shares of Citigroup lending money to goldman sachs and tarp etc bailing out industry after industry. i'm going to stick in daytrading in this market and close positons no longer than 2 days. this market is way to fickle and rigged to swing trade. or position trade any direction swing trading and hedging ETF etc is just giving free money to market makers with risk free positions guys like goldman sachs have no risk in trading, goldman and many companies only lost from holding worthless bonds from fraud. CIT made money in factoring but losses at subprime and student loans broke it's back. the subprime fraud meltdown which was known in 2007 didn't impact the markets until 2008 summer until the lehman when chapter 11 and had to close all positions and clients realize that their bonds were worthless and had to write them off. is a direct failure of gov't to REGULATE the markets and still the markets is still a wild west market. the market was technically bullish on may 2008 i mean it's all b.s. i had a short position in sumer 2007 and may 2008. two year short. but was bad timing. was stopped out at the top of nasdaq 2007 i was also long position on feb and stopped out at march. sold to early on april. sell in may didn't pan out. not this techincal rally. march low will be retested to see if these are speculators 5X leveraged traders or real investors.