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    Reason why market just tanked

    Bomb Found on French Rail Line Linking Paris, Basel, AFP Says March 24 (Bloomberg) -- An unexploded bomb with several detonators was found today in France on the rail line linking Paris and the Swiss city of Basel, Agence France-Presse cited police in the French capital as saying. The...
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    Reason why market just tanked

    Rumors of bomb on french train... connected to Islamic terrorists
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    Consumer Confidence and Credit Card Deliq. GOING DOWN THE TOILET

    Anyone that profits on the short side has now become greedy or a prick? In this business u have know how to play both sides of the coin. Believe me when we are on the verge of starting a new bull market or some type of a major rally in specific sector I will be the first one here on ET...
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    Baruch's Forex System Journal

    Personally I only add to winners when there is a news catalyst on my side. If i go long Euro on some type of break and I am up 20 pips and then all of the suden some bad US news comes out.. I will immediately buy more Euro.. because I know that I have the trend and momo on my side.
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    Consumer Confidence and Credit Card Deliq. GOING DOWN THE TOILET

    I like to consider myself the smart money. Actually your friend Waggie represents the CNBC ra-ra buy the dips bull majority.
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    Consumer Confidence and Credit Card Deliq. GOING DOWN THE TOILET

    The people that have the courage to look outside of the headlines and try to anticipate where the economy and the market will be heading in the next 3-6 months are always the ones that make the really big $. The big boys that were buying stocks after the Iraq war and the ones that are shorting...
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    Consumer Confidence and Credit Card Deliq. GOING DOWN THE TOILET

    Waggie I just layed out a very detailed bearish fundemental argument.. and I hope you wont go around ET saying that I have never provided some type of thesis behind my bearishness. If you do.. I will refer them to this thread. Just keep on buying the dips until the cows come home. --MIKE
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    Consumer Confidence and Credit Card Deliq. GOING DOWN THE TOILET

    Talking about GM.. take a look at this article... "GM increasing outsourcing of white-collar work to cut costs" http://biz.yahoo.com/ap/040323/na_fin_com_us_gm_overseas_jobs_2.html Gee lets continue to buy crappy American made cars and support the economy too bad they dont support us.
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    Consumer Confidence and Credit Card Deliq. GOING DOWN THE TOILET

    It wont sink us.. it will destroy us. The biggest risk will be if rates start climbing too fast for the banks to handle which in turn will cause massive problems to our highly leveraged baking system. This in turn will cause the housing market to collapse and we will see a Japan type of...
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    Consumer Confidence and Credit Card Deliq. GOING DOWN THE TOILET

    Actually the lower job growth is being created by outsourcing. It sure would be nice if all those people went to start a home business... lol The major problem is that when Nafta came along the fed told everyone to get high tech jobs.. now that we have these jobs we will end up losing...
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    reversals

    Simple answer.. trend trading the ES intraday is a losers game. You are basing an entire method on an instrument that is one of the most choppiest trading vehicles in the world. If you want to trend trade intraday go with currencies or bonds.. --MIKE
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    Consumer Confidence and Credit Card Deliq. GOING DOWN THE TOILET

    Now I would like someone to tell me the bullish case that will take this market to new highs and beyond? We catch bin laden... terrorist fears just quiet down and we dont get any serious attacks. Jobs finally pick up and the entire economy manifests itself off the major stimilus and...
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    Consumer Confidence and Credit Card Deliq. GOING DOWN THE TOILET

    The entire rally was based on corporate profits rebounding which they did and we had a lot of positive catalysts in the market. Every single one of the catalyst that laed the rally in 2003 is pretty much over and discounted into the market. Now we are looking 3-6 months down the line...
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    Consumer Confidence and Credit Card Deliq. GOING DOWN THE TOILET

    The difference is simply that now valuations are much higher than they were before. Also now people are realizing that the fed will have to start raising sooner than later. Also people were expecting jobs to fully recover as the fed and bush predicted but this failed to materialize. A...
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    EUR/USD - Cleaning out the stops

    For example right now the Euro looks like its breaking out of its multi day pattern.. if all the the sudden news comes out I will put on a huge position.. because there will be huge follow through. More than likely it will end up pulling back into the range.. because the reall breakout didnt...
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    EUR/USD - Cleaning out the stops

    What I like to do is anticipate where the stops are gonna be and place my orders as soon as the market looks like its gonna take them out. Then I take a quick profit and trail the stop tightly and make place it at break even. If there is news on the break.. I always add to my position because...
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    Bull Market Corredtions

    Simple short the SPY, DIA, IWM, QQQ. If you short any rally intraday or 1-2 day rally on the dailys you would of made nice coin. Simple as that.. gee i actually made money w/o using technical mombo jumbo. --MIKE
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    Bull Market Corredtions

    Its nice to look after the fact and make such comparisons. But in reality there is no comparison. 1987 crash is not even remotely similar to any type of crash we had in history of markets. I agree 1929 dow and Nasdaq crash are similar but how can u draw support and resistance from past...
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    Bull Market Corredtions

    i dont have any specific numbers or some magical fibo support resistance bullshit like your SMH predictions and nadaq factiods. I trade what I think and what I see. Right now we will be going down and the smart money will be fading the pops. How low we go who knows. There is no measure that...
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