Discussion in 'Trading' started by blackbook, Oct 8, 2008.
market below 9k or market above 10k???
Think this is pretty much a no-brainer at this point.
by "market" do you mean Dow? Dow is a crappy representative of the whole market for several reasons:
1.only 30 stocks
2.price weighted (totally dumb)
3.must be something else i forget
look at BAC, they only added it this year and it is already going the way of AIG.
Unless you are a scalper and looking at 1 minute charts, the Dow moves in perfect unison with the S&P, so why do you care?
Ye'll see them both before 09.
The way the market is swinging (dow) it
can nip thur 10k a little, the same with 9k.
Watch out below though major down move
ahead for 09 and 10. (I see 6200-6000 dow, then 3900-4200).
no kidding here.
30 more points and we're below 9k...
Oops, below 9k.
Both, probably a couple of times. We're not too far from a very well manipulated rally of 1000+ points that will give those in the know one last chance to bail. Next years crash will make this seem like child's play.
I have a GTC buy order in for the YM - 1 tick above zero.
I may not make any money on it but at least the risk reward is good.
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