Bullish or Bearish on the Dow?

Quote from NoBailOutBoy:

I'm with THE BIG D on this. Just bought a little TZA as a hedge.

I'm on the Union Carpenter's "Out of Work" List.
And, as un-scientific as it is, it has been a very good leading indicator of the Monthly Unemployment Report which comes out this Friday.
When I first signed up I was #234 on May 15th. During the month of July I went from #162 down to 121 (41 positions closer to work). August saw a drop of 20. September sent 7 carpenters to work and we celebrated 10 new jobs in October putting me just 84 New Hires away from the NEW American dream. So what happened in November? ZERO, ZIP, NADA! Still good-ol' #84.

Make of it what you will with the DOW,
I'm riding with Big D.

Addendum: My Union Local is #630 in Long Beach CA. Which is the Southern Portion of Los Angels County (A Pretty Good Area for my kind of work, or was).
More...


NEW ADDENDUM: OPPS!

Did not see the Maids, Gardeners or Temps coming and I SHOULD have saw the Gov. jobs.

I will hang on to TZA for now though.
 
Quote from Ivanovich:

Follow the trend. Yes, it will eventually change, but until it does, staying out of it is just wrong. Going against it is stupid.
More...

If you're trading the index futures long term, then you are very right to stay with the trend or enter the trend on pullbacks.

But if you're a day trader or short term swing trader, you can make some quick profits counter-trend trading against the larger trend.

Yesterday, ES had a 24 pt move to the downside. When was the last time we had a 24 pt move to the upside in one day?
 
If Dow breaks its high expect the bears to step in come the new year. I wont be holding me breath. I'm a bear and ready to rip the Dow to shreads. Time for bonds to step up and be the bull
 
Quote from NoDoji:

If you're trading the index futures long term, then you are very right to stay with the trend or enter the trend on pullbacks.

But if you're a day trader or short term swing trader, you can make some quick profits counter-trend trading against the larger trend.

Yesterday, ES had a 24 pt move to the downside. When was the last time we had a 24 pt move to the upside in one day?
More...

Yes, but the risk is far greater that you can get stomped on trying to catch a short than if you're longing the dips.
 
You must log in or register to reply here.
Back
Top