Yahoo tech ticker is bullish. They say google will blow out the estimate. http://finance.yahoo.com/tech-ticke...Q3-Earnings-Estimates-to-Be-Cut?tickers=GOOG,^ixic
Yep I believe everything that comes out of Henry Blogetts speak hole, hes as pure as mountain spring water.
I don't day trade, and maybe it's different for the guys that do, but, IMO, chasing bear market rallies is a losing proposition. They tend to happen really fast. Unless you time it perfectly, you miss out, and the only way to time it perfectly is with a lucky guess. To top it off, even if you do everything perfectly, your return on investment isn't very high, as opposed to your stress level during the time of the trade. Bottom line: too much risk, not enough reward.
if cocacola and intc earnings didn't jack positiive shit for the markets than who gives a flying fuck about google, they arn't a bellweather for ANYTHING except their own little niche market which no one cares about.
Shorts are in for a world of hurt. This market can surge 8% easily. The downside is limited to maybe 300 or so points. There is so much support on the dow at these levels. The economy is much stronger and resilant than you think which is why the recovery will be v shaped like it was in 1998 and 2003. The huge volume last Friday only seems to confim a bottom.
Primary trend is still down.....that is why I have said in numerous posts...... "Stay SHORT and stay OFTEN"
stock, this you have to expound on. Please tell us how your extensive knowledge of how stock and the mkt works, bring you to the conclusion that this mkt has only 300 dow points to the downside. I cant wait for your response!
Covered roughly 18% of my remaining Rydex 200% Inverse S&P500 position as the DOW is printing just below -200.00 ......will hold the last 15% for any additional downside price action.
I know how economics works. nothing has changed economically between now and June 2007 was at 14,000. The market wil surge. Mark this post. dow 14,000 next year.