Black Monday - December 31, 2012

hajimow · Jan 1, 2013

Quote from trader198:

happy new year!

be a contrarian, reward hard

Congratulations. Did you make 56K on Monday? My hat is off to you. How many contracts?

iceman1 · Jan 1, 2013

Quote from hajimow:

Now the question is where we will go from here in two weeks. Up? down? flat? Lets say by Jan 18 option expiry day.

By Jan 18th we will sell off - from highs.

Just a guess.

I see the first 8 days higher.

Of course figuring out this market is tough. Also there is no real consensus like back in the 80's and mid-late 90s.

There are reasons to sell and to buy. Probably depends on your time-frame. I am position trader and hold for weeks or more. Not easy in these see-saw markets.

Daring · Jan 1, 2013

Quote from iceman1:

By Jan 18th we will sell off - from highs.

Just a guess.

I see the first 8 days higher.

This is usually why people fail at trading, ignorant comments like this.

iceman1 · Jan 1, 2013

Quote from Daring:

This is usually why people fail at trading, ignorant comments like this.

Maybe I can get a job on CNBC. LOL

Daring · Jan 1, 2013

Quote from iceman1:

Maybe I can get a job on CNBC. LOL

You could, or you could instead do something more honorable

hajimow · Jan 1, 2013

Quote from Daring:

This is usually why people fail at trading, ignorant comments like this.

I don't agree. iceman1 gave his opinion and his belief. If one stucks to his opnion when he sees things have changed, then it is a different story.

Personally I try to read between the lines. Sometimes your voice gets lost in cheers of the market. If you look carefully, everyone's tax will go up in 2013. At least 2%. Mortgage deduction will be capped (which I am very happy because I don't have mortgage!!) So 2013 should be worse than 2012. Personally I like Pimco guys opinion on the market. There are some intelligent and educated analysts there.

Daring · Jan 1, 2013

Quote from hajimow:

I don't agree. iceman1 gave his opinion and his belief. If one stucks to his opnion when he sees things have changed, then it is a different story.

If you believe he has foundation to make such infatile prediction, you also got a lot to learn as well.

iceman1 · Jan 1, 2013

Quote from Daring:

If you believe he has foundation to make such infatile prediction, you also got a lot to learn as well.

do you have no opinion as to January markets/?!? None? No bias or hunch whatsoever?! No gut feel?! No brain?! Well, you must be a
DAY TRADER! Ugh!

[and here i thought opinions were like assholes; everyone has one!]

LOL

slugar · Jan 1, 2013

I think the market will be up for the month of January and what's wrong with day traders?

Daring · Jan 1, 2013

Quote from iceman1:

By Jan 18th we will sell off - from highs.

Just a guess.

I see the first 8 days higher.

Of course figuring out this market is tough. Also there is no real consensus like back in the 80's and mid-late 90s.

There are reasons to sell and to buy. Probably depends on your time-frame. I am position trader and hold for weeks or more. Not easy in these see-saw markets.

Let us not derail from the facts.

Read your own ridiculous post.