bull market?

Quote from PKJR:

and I thought that we are traders..

saying that someone is wrong does not make any sense to me..have your plan and execute it - that's all there is to it..the moment you think you know everything and start passing judgements the moment Ms Markie will make sure that you know nothing about trading..

I do not know who is right and I do not know the future I just follow my rules. One of my systems triggered short and I am short 1/2 @ 902.75/903 based on 15min charts in the overnight session but who cares if your plan allows to be stopped out and you follow your rules blindly...if you guys would not want to buy I could not short it :-)

Good luck to all and do not be influenced by any opinions this is business of probabilities and risk management and not who is right or wrong..
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you are right. trading and analysing/ projections are two seperate endeavors. best wishes to you.

good points,

surfer:)
 
Quote from marketsurfer:

traderk,

thanks for posting the link, colby is wrong.

best,

surfer:)
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Fascinating surf!! So he's wrong? On what time frame?

With the VXN at levels only seen on late March 2002 and the VIX at levels on early June 2002 ... you believe the market will go up?

Well, it doesn't really matter what we put up on these boards (the market is the market after all) but put me down for a significant top being carved right now.

Lets revisit this thread in 3 months time and divy up the meats and cheeses.

:)
 
Quote from Babak:


Well, it doesn't really matter what we put up on these boards (the market is the market after all) but put me down for a significant top being carved right now.
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Market top this week for me too...
I would not be surprised to see the market back to bearish mode
for a couple of months.
Sell the noooozzz...


OHLC
 
Quote from marketsurfer:






i am seeing repetitive bullish patterns in the indexes on long term charts among other things and am expecting dow to approach and perhaps supass 9000 by end of year.

best to you,

dave
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surf-
would you mind sharing some of the patterns you see?
9000 Dow (which is 6% up) would not surprise me, what is bothersome is the earnings outlook. Companies are cutting down future business to meet today's Wall St. numbers. S&P still trading on the high side on trailing 12mo P/E basis. And yes, I know it's trailing......but notice how the companies reporting the last few days have "beating est" but are reducing forecasts.

In trading accounts anything can happen..but in my longer term $..I'm looking to lighten up soon.

Happy Trading.
Uptik2000
 
Quote from Babak:



Fascinating surf!! So he's wrong? On what time frame?

With the VXN at levels only seen on late March 2002 and the VIX at levels on early June 2002 ... you believe the market will go up?

Well, it doesn't really matter what we put up on these boards (the market is the market after all) but put me down for a significant top being carved right now.

Lets revisit this thread in 3 months time and divy up the meats and cheeses.

:)
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hi babak,

yes, i believe the market will continue climbing. only the market knows for certain. remind me in 3 months, and if you are right, you can count on only the finest meats and cheeses from me :D :D :D :D

all the best,

surf:)
 
Quote from uptik2000:



surf-
would you mind sharing some of the patterns you see?
9000 Dow (which is 6% up) would not surprise me, what is bothersome is the earnings outlook. Companies are cutting down future business to meet today's Wall St. numbers. S&P still trading on the high side on trailing 12mo P/E basis. And yes, I know it's trailing......but notice how the companies reporting the last few days have "beating est" but are reducing forecasts.

In trading accounts anything can happen..but in my longer term $..I'm looking to lighten up soon.

Happy Trading.
Uptik2000
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good observations, uptik. however, check out niederhoffer's new book for studies on P/E and it's actual effect on stock prices. i think you may find it fascinating.

as far as the patterns that i see , sorry :( , that is what i get paid the big bucks for :D .

yes, past 9000 i have no conception of what could happen at this time, lightening up LONG term $ seems prudent.

best,

surfer:)
 
There's definitely an upward bias to the market these past few weeks. All of the worst news has already been priced into the market (corporate scandals, recession, war, etc.) and I don't foresee how the news can get any worse. Companies are starting to post some decent earnings. I'm going to trade primarily from the long side.

Bulls, Green Light! :D
 
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