maxreturn
745 posts
msg #60938
- Ignore maxreturn |
4/1/2008 12:10:16 PM
Niko. You're probably already aware of this but I just like to take a peek at all of the industries on the home page to see just how broad based a rally is. The far left hand column has been showing green for most industries since early on. Many up 2% or more on the day.
|
nikoschopen
2,824 posts
msg #60943
- Ignore nikoschopen |
4/1/2008 1:45:32 PM
Well, I've just went short at 1360. Wish me luck!
|
nikoschopen
2,824 posts
msg #60944
- Ignore nikoschopen |
4/1/2008 2:23:57 PM
Should there be another retching to the upside caused in part by the johnnie-come-latelies, my source tells me the S&P should close near 1375. Scary thought indeed.
|
nikoschopen
2,824 posts
msg #60945
- Ignore nikoschopen |
4/1/2008 3:20:46 PM
I see a double-top forming on the 5-min chart. There could possibly be a reversal here, however small it may be.
|
nikoschopen
2,824 posts
msg #61044
- Ignore nikoschopen |
4/3/2008 3:23:14 PM
Most of the rallies that took place just before the Dow shot up to 14,000 was largely driven by mass hysteria. Why do I get the same uneasy feeling now?
|
chetron
2,817 posts
msg #61056
- Ignore chetron |
4/3/2008 9:07:01 PM
maxreturn
- Ignore maxreturn 4/1/2008 12:10:16 PM
Niko. You're probably already aware of this but I just like to take a peek at all of the industries on the home page to see just how broad based a rally is. The far left hand column has been showing green for most industries since early on. Many up 2% or more on the day.
*************************************************************8
that is a nice feature.
|
karennma
8,057 posts
msg #61174
- Ignore karennma |
4/7/2008 9:23:46 AM
nikoschopen 4/3/2008 3:23:14 PM
Most of the rallies that took place just before the Dow shot up to 14,000 was largely driven by mass hysteria. Why do I get the same uneasy feeling now?
=========================================================
Looks like DOW will have another 200+ day today.
Talkingheads on CNBC .. "we've seen the bottom!" ...
LOL! Bottom my @$$!!
This reminds me of 2007 ... things get worse, and market keeps going up.
Definition of a Bull Trap:
A false signal indicating that a decling trend in a stock or index has reversed and is heading upwards when, in fact, the security will continue to decline.
I'm gonna short this BS bigtime!!
|
nikoschopen
2,824 posts
msg #61196
- Ignore nikoschopen |
4/7/2008 2:57:06 PM
Well, you and I certainly will go down in StockFetcher history as not-so-brainy traders who marked the decisive break from the pack of hopeless buffoons in need of redemption. Lets just hope that we're right. lol
For the time being, you can take solace in the latest prediction made by my crystal ball, which sez the S&P 500 will drop by as much as 20% from here and should be trading at or near 1100 by mid-June.
|
karennma
8,057 posts
msg #61203
- Ignore karennma |
4/7/2008 8:28:17 PM
nikoschopen 4/7/2008 2:57:06 PM
For the time being, you can take solace in the latest prediction made by my crystal ball, which sez the S&P 500 will drop by as much as 20% from here and should be trading at or near 1100 by mid-June.
========================================================
Sweet!
I'm ready ... and lookin' forward to it!
$$$$$$
k.
:>)
|
zeezeetop
30 posts
msg #61204
- Ignore zeezeetop |
4/7/2008 8:30:14 PM
Keep in mind that the Fed still has one or two more bullets left in the chamber. That should give one or two small to medium size rallies. Then the 'let our children pay for our mistakes' give away starts and that could go two different ways. If we all go to the local restaurants and have a nice meal or two, then the US economy will benefit. If we go to Best Buy or Circuit CIty and buy electronic gadgets, then bet on Chinese stocks.
Reaganonomics, or spending to refurbish a bunch of old rusty ships, propelled the Japanese economy and when the Reagan spending stopped, so did the Japanese economy. Shipyard workers bought Toyotas and Nissans instead of Chevies and Fords. They bought Sony instead of Zenith.
The Olympic spending in China will stop in the fall so expect a fall in the foreign markets to start then. Look at the Bollinger-Keltner graph presented several weeks ago. It's Deja VOO all over again. I am trying to be realistic and mention historical events that could give us some idea of what's ahead.
|