I have purchased some DBA long time ago, but I'm confused why its not moving like other commodities. I was expecting much higher return for the same reason metals have gone up. I'm just afraid its got the same illness UNG has...
Anyone knows ???? Thanks
No return... as long as there is someone out there trying to call the top.
Haven't we learned yet ! real market fall will happen when %99 of us think it will not go down. Remember When Peter Schiff was talking to CNBC clowns and they were all laughing at him....
Until then , every drop...
Come on my friend. Who cares about what happened to stoney... and that was his call Looong time ago
Now, I personally think LF deserves the $6 line again,
But since my main activity is not stocks , I was wondering what ET folks say about LF
was walking in toys R us and remembered this old one by stoney...
came back home and noticed that LF has a Nice pull back from $3 last week. Is that due to xmas sale anticipation ???
will it be back to $6...!!! is any one in the game ?
The afternoon move on ES was a little smelly. EUR, held the 10:00AM line, same as Russell.... THe after market did not fully respond to Nikkei too. we'll see whats cooking for the rest of this week. I opened a small short right at the end of the day,tight stop, just for the heck of it....:D
all they are after now is to hit the trail stops so they get an extension by that.
If shorts do not defend their position then it will happen.
its good to have an eye on the open interest on where market closes today.
I agree, that is a correct statement.
I said this in another Forum too.
We need more confirmation to get a good continuation and one is EUR. it needs to stay below 1.5 and ES needs to stay below 1076.... otherwise this will be another dip they will look to buy it.. specially if they smell...
The question is: are we going to get a continuation and how far.!!!????
2 things are important to me:
1- EUR did not fall as equities fell
2- even though we broke a major resistance, we closed around it, this means this resistance area is still somehow intact. so if the globex pulls it up...
Also, Falling $ like this, is really not a good thing for US market....,
It will be an interesting tomorrow, funny is now everyone thinks we will get an extension, and you know how bad market doesn't do what everyone thinks....
Do not look for a reason in the news. They just find some f... reason AFTER the market moves. even a cave man can find a reason after market has already moved......
A couple of things,
Yesterday, we had a down day and after market Led it to a gap down . This morning's up movement went a...
This is merely what I think will happen.
Here are my reasoning.
1- Right now traders mind set is this:
a:..... this is one of the strongest bull
market we have seen, So there will be a lot of people think they missed it and want to get in at the pull backs
b:..... the...
Correct,
BUT NOT IF we break through 1078.
EUR needs to break through 1.4850 and touch 1.4800..
If this happens , No GAP close, Otherwise we might see the gap close today, Bulls are doing their best to protect this level, they know a bunch of stops are sleeping under 1078
Of course there is , You trade with trend and you can go counter trend .. You can be profitable with both , as long as you read the chart right and most importantly you are disciplined and do not assume anything.
after so many years, this comes as the highest priority in trading to me...