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imho, a sharp rally. pres, election, yr ends in 08, mathematically due for a retrace, only, as a near term trend within a long term bear

i've heard that there is abit of manipulation....if socks fall guess the eu markets need a bailout.....then a co-ordinated rate cut...once the weak hands are out

this is classic buy the rumour , sell the news. its friday afternoon....next week may be rough, but the markets should turn after that. i find it always takes longer than you think for a reversal to take place.:cool:

Medical transport ambulances are quickly closing down. No capital to keep going. One nurse I know was fired for this reason, another was hired and fired the same day as this company also went bust. So, when you are debating the merits of this bill....in the end, if you can't get emergency...

Trade much?

it won't. dollar is rallying, and will keep rallying. gold has cratered to-day. we remain in a bear market....but we are due for a multimonth rally....like back in the spring.:D election coming, seasonally strong time...all the bad news is in

The world looks alot different today...almost wonder if the bailout is required....Ireland did some fancy dancing yesterday which has given some food for thought. Glad gold was way down. Nice, orderly rally. Confidence has been restored in the market. Now we can rally, albeit, it will be...

But the Fed is a private corporation...they have been looting the public since inception. This is good that they should lubricate the system. No?

It would put the market on life support til a vote passes. Help prevent panic.

Absolute panic selling. When I hear the media saying the world is ending...I tend to believe the opposite. I have seen this happen over and over. You see the market turning, then Bam! Huge drop .... and then, viola up up and away. The bottom of the market is when all the bad news is in...

Agreed. anyone who has a mortgage is now at risk for loosing it. anyone who needs healthcare is now at risk of their hospital closing. anyone who wants to retire may now not do so. Celebrate? How happy will you be when you go to the bank and find that you are not able to withdraw...

I'm not sure, with the libor rate being sky high, that the fed can actually promise a rate cut....they do have to provide liquidity, and there is none in the system....who would lend to the us bank if the fed cut rates? Luckily, the dollar has held up. Personally, I would like to see...

Its possible that people may not get paid this Friday...that people may not be able to renew their mortgages....interest rates will go sky high...people loose their jobs. Hard to imagine the average American happy about this...their credit card rates may go sky high, and their credit limit...

Trin hit 4.44....vix up to ?48 ... can't imagine sentiment any gloomier/fear any higher. IMHO, we rally hard on Wednesday when vote is passed.... Imagine market will go sideways tomorrow, if not drifting abit higher.

The republicans who voted no just committed political suicide....not to mention hurting those around them.

Right now is NOT the time to buy gold...witness how gold was moving parabolic up each time the bailout was in jeopardy or a new bank failed. For the time being, the usd is resuming its upward tragectory, the banks and the market should rally for abit. THEN buy gold.

Today we have Investors Intelligence, and the Vix....all telling us sentiment is overly negative. I am expecting at least a retracement. Alot of money on the sidelines. On Friday, with that big gap down, I bought. Monday should be a rip roaring positive up day.:cool:

Excellent posts! I love to scalp...but am finding I need to use more money and pick more expensive stocks to limit my commission costs. I have also been "squeezed out" of being able to close my position at the end of the day and found, to my amazement, that I made a bundle by allowing the...

its based on the work of WD Gann. famous trader.

Lets forego this month for lack of interest. See you next month, though. I am off to San Fran for 2 Gann courses. Would love to share if anyone is interested.....However, going 19th October and returning 29th so may have to make it November? :confused: