if you look at the 2 year chart of the dow and spooz there are periods where it sells off a couple percent and then rebounds to news highs in a cyclical pattern. Sometimes it goes even lower, but this is rare. Now we're on the bottom of the cycle, and the upside potential is greater than downside.
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10/21 8:42PM Dow Futures Down 107 Points
- Thread starter MrDODGE
- Start date
Quote from stock_trad3r:
Shorts are running on borrowed time
Any profits made being short should be taken now. Now is the time to go to your trading control panel and cover shorts and be thankful to have made a profit instead of being greedy.
The markets don't have much room to go lower
charts on indexes are very bullish
The upside is another 300 points
downside maybe 100
Told ya it was time 2 cover
When it is time 2 cover it isually is
The chart on the indexes is soo bullish.
FXI go all in and BIDu RIMM GOOG AAPL
Not to be a smartass but I know *almost* everything
Quote from myminitrading:
I don't know what your looking at thats so bullish. I see all indexes below their 50 day, 20 day moving averages.
Moving averages are useless because they arent reliable at predicting direction.
GOOG was trading below the 200 day average 2 years ago..um yea we know what happened later.
Quote from stock_trad3r:
Moving averages are useless because they aren't reliable at predicting direction.
GOOG was trading below the 200 day average 2 years ago..um yea we know what happened later.
I am not aware of anything that correctly predicts direction. Its all about the trend and waiting for a time to jump on that trend, and when you do then manage the trade.
Moving averages are IMO the best tool to use in determining that trend. And some times their is no trend, in that case use S/R levels.
Wow look at the dow ramp higher
120 points added
hope no one got burnt
120 points added
hope no one got burnt
from the time you said to cover, the ES went down 31% of the days move.....that's not knowing much of anything. lolQuote from stock_trad3r:
Told ya it was time 2 cover
When it is time 2 cover it isually is
The chart on the indexes is soo bullish.
FXI go all in and BIDu RIMM GOOG AAPL
Not to be a smartass but I know *almost* everything
Up is up
It went down fast and rose fast. Oil near $100.00 and the fed is going to cut rates, this is history folks.