I can not believe this... The "expectation" that I have had for nearly a year is now being predicted. And I even agree with the reasoning. Until now, this has been viewed as "outlandish" by my peers! I've NEVER predicted or traded based solely on the expectation, but it has been over six months since my best day ever! Whether it's Monday, 2 weeks, 2 months, 2 years, or whenever, I just "hope" to be at my trading rig when it occurs. For those who don't know what the 3rd quarter circuit breaker levels are for equity index futures, here ya go. The first is dated and official. The second was preliminary and contains some important procedural details. http://www.cmegroup.com/company/membership/membernet/files/20080707S-4731.pdf http://www.cmegroup.com/trading/equity-index/files/EquityIndexPriceLimitGuide.pdf Buy Buy. :eek: Osorico
The Kin... we have some "good" news: 1. Housing bailout bill passed 2. Oil came down 3. Durable goods order up "unexpectedly" 4. Home sales "beat estimates" 5. S&P should go to 1310 - 1320 first. It may happen, although I have some doubt it will happen within the timeframe you specified, but I could very well be wrong Rally first, no?
The valuations on us dollar and equities make our markets and us assets cheap, no crash, no black anything. Markets work, give it time. Exports are booming, repatriating energy dollars. Account deficits financed by same dollars just as the Japanese did in the 80's as the sun started setting there. Markets work, long term rates are up and banks can get back in the business of making money lending money instead of leveraging up. Stability and certanity abounds, always darkest before the dawn. Nothing is different this time, the rule of recency abounds. Study some history.
Markets are in oversold condition, yet no buyers. We need to trade at 30-35% down from nearest peak before we can claim markets will rebound.
Correct, considering the problems the market should be lower from its highs. You can thank the Fed sponsored rallies for being at this level.