Recent content by gkramer

CNBC didn't say that. They were quoting Bill Gross' analysis of the FOMC minutes. While a bright guy, Lord knows he's been wrong as much as anybody else.

Bulls and bears make money, pigs get slaughtered. 92 was the bottom of the channel starting from Wednesday's early am high at 27. Nothing wrong with taking profits and looking for a re-entry on a pullback.

I forget if it was Ammo or Volente that said it, but to paraphrase, the market runs up into unemployment, then sells off. We're setting up perfectly for this.

Avoid the ensuing chop.

This is as simple and as complicated as a trading plan should be.

No, I never work a Goldman.

Financials and tech on a terror. All shorts will get their face ripped off until SPX 1160.

For those who haven't heard, Steve Jobs died today. He'll be in history books alongside Ben Franklin and Thomas Edison. Rest in peace.

SPX is gunning for the gap fill at 60, which is also the top of it's channel. Consolidation for two to three days from there before price action tells us where it goes next.

Never said I was ignoring it. Just looking for the pullback to resistance. Mission accomplished.

Target area reached.

You could be right. On the other hand, tech typically closes its sluggish Q3 by leading us into the holiday season, and the COMP chart looks bullish as it didn't make a HnS. Up or down we can make money.

Here's our bounce today. Good for about Dow 11250. Doug Kass says the bottom is in. Maybe. I'm just trading what I see.

Thanks again for your contributions and trying to make ET a better place. g

I don't have your answer, but ask oraclewizard. He's a mod here as well. Are you logged in from two different computers?