Black Tuesday - BEAR MARKET MODE GENTLEMEN!!!

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Quote from ByLoSellHi:

Never discount the intersection of printing press $$$, politics and real money in an election year.
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Yes..nasty accidents usually happen in those intersections. :D
 
If this indeed is going to be a dandy recession (one will happen sooner than later, but one WILL happen).......90% of all you guys will be broke before the bottom is in. :D
 
Quote from bighog:

If this indeed is going to be a dandy recession (one will happen sooner than later, but one WILL happen).......90% of all you guys will be broke before the bottom is in. :D
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Nope, not for me..been playing the Short longterm side all Fall and Winter looking for the break down to the 1385 level. Scaling out on big sell-off days below the 1400 level and will scale back in after multi-day rallies (like the 1460 level and above if we can get back up to those levels after the Fed rate cut this month).

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TradEStar


Registered: Mar 2004
Posts: 655


12-09-07 11:01 PM

I agree..I have taken all my longer term holdings to defensive positions now that we had hit the 1500 area again. I am now 20% into Rydex Funds (100% and some 200% inverse S&P). I will keep scaling into the Rydex Funds for every 20 pts higher on the S&P...1520, 1540, 1560, etc.

This same strategy worked great the last times we busted above 1500.


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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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there we go..ES hits 1385.00 to the exact tick. :cool:
 
Look at a chart of the NYSE TICK..bang it down to 1385 with sell programs, and then turn it around and start popping off the buy programs..what an cool shift.
 
Bernanke will be speaking tomorrow, so we will have to see how the market holds up. Tomorrow should be really good with more excellent trade facilitation.
 
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