Black Tuesday - BEAR MARKET MODE GENTLEMEN!!!

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Telling you..1385.00 is a magnet for the S&P500..path of least resistance and an area to park price for the Fed to force their hand on a "Fitty" cut.
 
Quote from Logged Out:

Leave Jreynolds alone.... He took our advice and decided to shut the hell up once he realized he has absolutely no clue whats going on. He just likes to see his name in font
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I think we forgot Stocktrad3r. This is part 2 " Return of Stocktrad3r"

Stocktrad3r was bull and Jreynolds is bear.
:D
 
Quote from enforcer99:

well that parabolic attempt just failed. after a fed guy said the housing slump is the worst he has ever seen and recession could very well happen.
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The worst he has ever seen, this was obvious, I pointed this out in 2006 when everything in housing was doing great, why should there be any questions regarding where housing is headed after housing prices ran up over 100% in about 4-5 years, this was going to happen, you cant send housing prices up 100% and not expect to see some kind of drop like the one we are having now. There is not going to be a bottom for some time. If you are in the market to buy I would say wait at least another year.
 
Quote from osorico:

Just an update... added to initial Long position... YM @12824, ES @1419 ... you can do the math what average price is. Long is right for a bit, IMO.

Osorico [1/8/08 11:55am EST]
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For the record: I took about $800 total combined position heat on this long. I have flattened. Not my best trade, certainly not my worst. Worked out to only 1:1 r/r.

Overall, however, not a bad day. As stated in my initial "prediction" for the day... fade the advance, then Buy. On your own for the last hour or so. "Or so" meaning good trading to all :)

Osorico
 
Quote from enforcer99:

well that parabolic attempt just failed. after a fed guy said the housing slump is the worst he has ever seen and recession could very well happen.
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Bring on the bear market we can still make money the same old fashioned way- trading the hell out of it.

But this ain't BEAR MARKET either! This is something weird and unstable
 
Quote from TradEStar:

Telling you..1385.00 is a magnet for the S&P500..path of least resistance and an area to park price for the Fed to force their hand on a "Fitty" cut.
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Next pit stop for SPX 1385 if we donot hold here. Get ready.

Stay out of it till I see SPX cross 1450 levels with some authentic moves.
 
Quote from Logged Out:

Leave Jreynolds alone.... He took our advice and decided to shut the hell up once he realized he has absolutely no clue whats going on. He just likes to see his name in font
More...
reminds me of blue
 
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