You couldn't laugh if you tried. With few cents in your under capitalized account what can you do? Tease morsels off the unfortunate market and call that trading?
Here is a quote from Aaron Task: His list of your deluded outlook in life a weakening economy falling dollar soaring commodity prices inflation stagflation the credit crunch the housing market implosion obesity epidemic loss of American homogeny and too much sex and violence on TV. In all seriousness, that so many of the negatives are "known knowns" â and the market was rallying hard amid the same backdrop just a few days ago â speaks to the difficulty (even folly) of trying to ascribe daily market moves to specific events. Th
Day, the market rallied because thats what happens in bear markets when it gets oversold. I was actually thinking we could get to 1420ish on the spoo. 1375 is turning out to be resistance. The stories don't matter, its the technicals that one trades in a bear market. I am quite interested in what happens next week. Hopefully the spooz are down hard on monday morning, could be a tradeable buy again. Then reevaluate once (if) we get to 1375 again.
DAY, Bear markets have fierce rallys that get idiots like you to buy and hold. Do you even remember how sharp the rallys were in 2000-2002. Those were some of the best trading times to capture huge nickels, dimes, hell I even heard a few traders caught 10 dollars in a stock. Don't confuse a low volume push up for a new bull market because IBD says so.
Day has a wonderful track record here on ET and other boards. He's among the top 10 of all time on ET for having threads closed down and posts deleted. Virtually all of his threads end up just like this one. He posses a secret power which allows him to learn all others net worth and trading profits. Heâs sure everyone is broke or near broke and loses money in the market. In addition to that he screams and rants like a child here demanding the respect he so desperately thinks he deserves in the real world.
scontato! further on the horizon...goin' to take outta highs, innit... and that's my take!
If the market is going down its not risky. In fact I am using options to short GS, SHLD, GOOG, and few other known down trending stocks. But seems like SPX has lots of support at around 1330 levels. Should that be broken we will definitely test the Jan 23rd intraday lows of 1270. IF that gets taken out than you make have to use Fibonacci numbers to trace a possible move. My gut feeling is we'll rebound here or stick to the Jan 23 lows cause come March 18, 2008 there will be another Fed rate cut rally for 1000 points plus on DJIA.
No one disputing that. Bear market is now a sideways market unless we take out Feb lows here at 1330. That is neither bear or bullish. Without a Technical breakdown below the sturdy support line running from east to west you can say we are going higher and rally back again. What happens with an upcoming Fed cut rally will have to see.