1000 points up or 1000 points down is meaningless over time.
- Thread starter zdreg
- Start date
Of course history fades everything over time. But the DOW could be range bound over the next 10 years, just like it was between 2000 and 2010.
Actually you could say it was rangebound from 1997 to 2012, between the 7000 and 11000 levels. So 15 years, with a false breakout out of the range in 2006.
Actually you could say it was rangebound from 1997 to 2012, between the 7000 and 11000 levels. So 15 years, with a false breakout out of the range in 2006.
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Do you know the joke about the guy who wants to go the baseball game with his girlfriend She powders her nose and takes seemingly forever to pick an outfit to go to the game. They arrive at the game in the 7th inning. She asks him what the score is score is. He replies zero to zero.
She asks him what are you complaining about? we did didn't miss anything.
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Most likely will stop those swings in summer/SEPT. Some sectors like DAL maybe an exception; unless DAL ceo keeps doing dumb stuff like buy in a billion bucks of carbon credits........................................................
That's not the right mindset as a short-term trader unless you are an investor. In the long run, we are all dead! So nothing matters. But in the short term, a LOT can happen. Therefore, being able to capitalize on short term fluctuations, be they big or small, is in essence what short term trading is all about.
this brings up a point I been saying - the market is not bulls and bears... you can't possibly have the bulls coordinate and bring it up 1000, and the very next day the bears do the same?
the 1000 points up and down, it's all done by the same people, that's the only logical explanation.
them are all bulls, them are shaking the tree.... that's what's happening here.
I know the short term guys might say who cares just trade the chart.... true, but if you go any time frame longer than a few minutes, understanding how the market works is very beneficial!
the 1000 points up and down, it's all done by the same people, that's the only logical explanation.
them are all bulls, them are shaking the tree.... that's what's happening here.
I know the short term guys might say who cares just trade the chart.... true, but if you go any time frame longer than a few minutes, understanding how the market works is very beneficial!
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Amen/agree...............................................................................................................