$1532875 current index value of trade
on margin of course
I think he got quite rich and probably enjoying himself on a tropical beach with whatever comforts he desires
$1532875 current index value of trade
on margin of course
Anyone know what happened to the thread starter - this is his last post from 11th Feb.
The Dow was at 12229 that day and went up 300 points in 2 days from there!
Wow, this thread is a little quiet nowadays. I haven't been active on here of late but there was once a time just a few months ago when you'd see scores of posts each day ....the last post is 9.04am today! (and this on a day when the S&P is down a fair old whack - normally would cause a lot of chat)
Have the majority crashed & burned?
Have the majority crashed & burned?
Wow, this thread is a little quiet nowadays. I haven't been active on here of late but there was once a time just a few months ago when you'd see scores of posts each day ....the last post is 9.04am today! (and this on a day when the S&P is down a fair old whack - normally would cause a lot of chat)
Have the majority crashed & burned?
I was thinking the same but I have now switched to carrying out my analysis once a week on Sundays. Still look everyday but don't have the time to write up due to very busy and intense days. This weekend we were away in Worthing...
Good day today for me. Last couple of weeks have been up and down really. Treading water for the DOW to make up it's mind and I think it has.
Breach of 12000 is very significant imo. 11500 is within site. Do expect a rebound but nothing significant. Another interest rate cut by the Fed has to be on the cards. Do remember that the B of P deteriated last time by the fall in the dollar as cost of imports outweighed gains in higher export sales. Hence, rate cuts likely to add to inflation. $108 oil has gotta hurt someone somewhere sooner or later. Stagflation can not be denied like recession.
Anyhow we are now surely heading to 10,000. By End of the Year ---- perhaps...
Any bets?
Inflation in China has reared it's head too. I think after the Olympics China will go into meltdown too.
All we now need is some turf war over the ice caps with radio active fall out to make the place inhabitable to kill off all possible revival of an economic up turn... Russia v Norway? Place your bets! We need more minerals to produce capitalist rubbish no body needs but everybody is prepared to kill for...
Go short dudes, things can only get much worse. :whistling
Where are all the 'specialists'? The guys who only swing trade one market,... even when it's not swinging. Come on, you know who you are! The guys who swing trade, but never leave a position open over night. Where are the Dow specialists?
Things look bad but everyone can see and hear that....... :cheesy:
Like you said we do expect a rebound and this "could" be within 48hrs ..... At least I'm hoping this little rally pre Euro sesh fails and we get break of 11635 (and 1270 spx). That would then put me on countdown for a bounce/rally of some sort.... maybe a decent one .... who knows Bill McLaren has mentioned we should be on the look out for a potential false break to the downside and slingshot recovery .....we'll see
My guide here is (A) slow stochastics are pretty low ....well under 20 .... the sort of levels which have normally brought in a low within days...
(B) Nikkei forms hammer overnight dipping early and finishing strongly - leading indic ?
(C) We are in that time zone for a low - I mentioned first or second week of March some days ago. We also have backing from ajaskey who sees a low around the middle of the month give or take.
(D) You would expect some kind of reaction at the lows of the year .... but everyone can see that so .............
Whatever I think ......... things are interestingly poised... Bearish swingers probably need a rally intraday which fails ......... but 4 me playing the percentages would say a low maybe within 48hrs ...? Lets see
Edit : Speaking of crashing and burning ............. I see Mr Spitzer has got issues .........
not so sure we have seen the "bottom" - we ARE at "obvious" support levels (too obvious?) - looking at DAX -
ideally a sharp move lower (panicky) with divergence in certain indicators would be good for setting up the tradeable bounce..
Dow broken through March 03 trend line...maybe a bounce to reteest this..
Glad to see, the regulars are posting again.
My take on the Dow, is the upside is limited because of the oil price, something has to give soon. I am scalping the odd 20-30 points on the Daily Nymex as it approaches
110 dollars. On Bloomeberg the other day, it appears that the traders where buying 110 dollar options, so maybe this could be the ceiling, who knows !
When oil price starts falling maybe Dow will start moving Northwards.
First off we got more rally which is great and we are even indicating an upbar i.e beyond 926 - :clap::clap: This is fantastic a great set up...... hopefully
Greenspan said recently that oil will go up "forever" .... obviously an odd thing to say but maybe he's letting the cat out of the bag.... buy the dips on oil and watch for the big $10 reversal to signify the specs are taking a breather - which should happen one day ....... Boone pickens is said to be strategically short for the last two weeks or so .... lets see......
Yeah and nice to have some chatter on the boards .... plus "some" analysis...
If this fed action is so important what the **** were they waiting for all this time ??
Second flat traders should love this and long traders got LUCKY........:clover: