Recent content by JohnnyMerrill

I wish everyone success in the stock market. I am just making a point here-i feel bad for everyone who is going to lose money in this shutdown-especially my buddies at worldco and in teh indistry in general it was a really fun thing to do, and i cant wait for the market to heat up again so...

I laugh every time I jump into these chat rooms-i bet most of you guys are unprofitable mooks ( a mook is a worldco term for a rookie trader or a trader who is full of shit) Worldco grew itself too fast and becamse greedy like the rest of us from 1997-2002 (approx)-my guess is it took on...

the 50 day moving average is primed to go thru the 200 day on the upside. the last time the 50 day was ove the 200 was nov 2000, in which a sharp selloff, followed by a failed and faded rally occurred. I say shorts watch your asses!! see if the 50 goes above the 200 and hangs above for a few days

The vix (23.69 close today) sure seems like people feel the bottom is in place, a perfect setup for the contrarian bear. The sp500 will close above the 50 week moving average for the second consecutive week this week (50 week ave=897.81), something that hasn't been done since sept 2000...