WARNING for anyone thinking of trading Tues.March 18th WARNING

Discussion in 'Trading' started by increasenow, Mar 17, 2008.

  1. this was RIGHT ON!!!
    #51     Mar 18, 2008
  2. GTS


    :confused: On what planet?

    "75bps cut and market does a little move up 100-200 and then drops some..ends -50-100 down.."
    #52     Mar 18, 2008
  3. C'mon... let the poor guy feel good about himself. Whats the harm in letting him believe he's a market guru?
    #53     Mar 18, 2008
  4. ammo


    shorted all day and feel like a dumbass, is that the same as guilty
    #54     Mar 18, 2008
  5. The only explanation I have for the market increase after the .75bps rate cut, albeit it was below expecations:

    When the stocks were weak, retail traders liquidated their positions, and MM's & specialists loaded up on shares. The market going up before the announcement did not achieve the needed comfort level yet for buyers (or there wasn't yet a sufficient profit margin for the MM's & specialists), so they brought the market up--after the rate cut as well.
    #55     Mar 18, 2008
  6. ammo


    www2.barcharts.com/momentum.asp go to bottom of page, theres another reason
    #56     Mar 18, 2008
  7. [​IMG]
    #57     Mar 18, 2008
  8. Copied it to my URL & didnt work.
    #58     Mar 18, 2008

  9. DJIA moved above its 50 day moving average ... thats how powerful the rally is... its still continuing..

    How wrong you can be when you enter into this business of Fortune telling?

    Instead we ended up getting a massive rate cut and a huge 410 point rally..

    Hehehehehehe!!! I am laughing ...
    #59     Mar 18, 2008
  10. ammo


    go to barcharts .com ,click markets on top left, on left side of page click momentum, scroll down to botttom and see how many stocks were under there 20,50,100.200 day moving avg, and still are
    #60     Mar 18, 2008