| StockFetcher Forums · General Discussion · QUESTION: Is Now The Time To Sit Out Of The Market For Awhile? | << 1 2 >>Post Follow-up |
| SFMc01 358 posts msg #56593 - Ignore SFMc01 |
11/9/2007 8:41:17 AM Investors Business Dailys Top 100 stocks have performed as follows this week: Monday 28 up 72 down Tuesday 85 up 15 down Wednesday 9 up 91 down Thursday 40 up 60 down Friday ? ? I'm not clear what to do. I've always been told by "the experts" to not buy into a declining market. That advice has certainly been right on for me this week. What do you think? |
| TheRumpledOne 6,411 posts msg #56594 - Ignore TheRumpledOne |
11/9/2007 8:45:34 AM "WAIT FOR GREEN" |
| petrolpeter 439 posts msg #56613 - Ignore petrolpeter |
11/9/2007 11:35:19 AM WAIT for no one.SKF and now QID are busting green at the seams. |
| karennma 8,057 posts msg #56630 - Ignore karennma |
11/9/2007 3:46:05 PM Just a reminder .... Golden Cross signal on SLV on 9/10/07 SLV up nicely since I first mentioned it. ========================================================= karennma -message 9/20/2007 4:22:47 PM don't forget SLV (silver) :> |
| SFMc01 358 posts msg #56634 - Ignore SFMc01 |
11/9/2007 4:19:30 PM At end of day Friday regarding the IBD Top 100, 90 went down & 10 went up. |
| alf44 2,025 posts msg #56640 - Ignore alf44 |
11/9/2007 5:05:09 PM QUESTION: Is Now The Time To Sit Out Of The Market For Awhile? -------------------------------------------------------------- In a word...HELL NO ! Okay, that was 2 words. Look...this Market is definitely NOT for the faint of heart ! You get caught on the wrong side of some of these moves and you can get hurt...no question about it ! But...as a "trader"...you gotta love this volatility. Bottom line...only YOU know if YOU should "sit out" this Market. If you're not comfortable...then maybe you SHOULD sit it out. At the very least maybe trade smaller positions (ie position sizing)...and as always...employ good Money Management. If those concepts are unfamiliar to you...then...you prolly should watch from the sidelines. imo Regards, alf44 |
| nikoschopen 2,824 posts msg #56644 - Ignore nikoschopen |
11/9/2007 6:10:41 PM Only reason anyone is willing to "sit out" is because s/he is already neck deep in mounting losses or s/he fervently believes the market has bottomed. But if 2000-03 bear market is any indication, you should be aware that the most deadly blow comes from the second plunge as we're experiencing now. By no means is this certain. But keep in mind that although history may not repeat itself human folly does.  |
| karennma 8,057 posts msg #56645 - Ignore karennma |
11/9/2007 8:38:16 PM nikoschopen nikoschopen 11/9/2007 6:10:41 PM -"s/he is already neck deep in mounting losses" - ... {Indeed ! } - "s/he fervently believes the market has bottomed." - ... {Perhaps } -"although history may not repeat itself human folly does." - ... {It will. } ======================================= Or, as George Santayana would say: "Those who cannot learn from history are doomed to repeat it." Now, before I go jump off a bridge, let's take a look at the Candlestick analysis Stockfetcher has provided. |
| karennma 8,057 posts msg #56646 - Ignore karennma |
11/9/2007 8:40:22 PM According to the Candlesticks, the future ain't so bad ... maybe Let's take a look: Go to the SF Home page and click "Market Technicals" ... Then: Click the + sign next to "Candlesticks" Bullish Harami - (NYSE-119) ... (Naz-74) Inverted Hammer - (NYSE - 47) ... (Naz - 38) We've got more bullish candlesticks than bearish ones, right? Definitions: Bullish Harami: The bullish harami is made up of two candlesticks. The first has a large body and the second a small body that is totally encompassed by the first. There are four possible combinations: white/white, white/black, black/white and black/black. Whether they are bullish reversal or bearish reversal patterns, all harami look the same. Their bullish or bearish nature depends on the preceding trend. Harami are considered potential bullish reversals after a decline and potential bearish reversals after an advance. No matter what the color of the first candlestick, the smaller the body of the second candlestick is, the more likely the reversal. If the small candlestick is a doji, the chances of a reversal increase. Inverted Hammer: The Inverted Hammer looks exactly like a Shooting Star, but forms after a decline or downtrend. Inverted Hammers represent a potential trend reversal or support levels. After a decline, the long upper shadow indicates buying pressure during the session. However, the bulls were not able to sustain this buying pressure and prices closed well off of their highs to create the long upper shadow. Because of this failure, bullish confirmation is required before action. An Inverted Hammer followed by a gap up or long white candlestick with heavy volume could act as bullish confirmation. We'll see on Monday (a holiday) or Tuesday .... But this is the stock market, so no guarantees! :>) |
| karennma 8,057 posts msg #56647 - Ignore karennma |
11/9/2007 8:43:50 PM BTW ... those definitions are from stockcharts. (I certainly didn't make them up!) LOL! |
| StockFetcher Forums · General Discussion · QUESTION: Is Now The Time To Sit Out Of The Market For Awhile? | << 1 2 >>Post Follow-up |