Consolidation is over

rowenwood · Mar 29, 2004

My market news commentator seems to think so. I seem to think so. I'm buying my first options. I'm ready for an incredible next three weeks.

samsonocb · Mar 29, 2004

I would wait with buying calls right now.

Earningseason will kick off and if we don't see what everybody is expacting we can get some durty surprises.

I wait until 1/4th of the S&P has reported and then I go with the trend.

rowenwood · Mar 29, 2004

Quote from samsonocb:

I would wait with buying calls right now.

Earningseason will kick off and if we don't see what everybody is expacting we can get some durty surprises.

I wait until 1/4th of the S&P has reported and then I go with the trend.

Prudent. I'm actually buying stock and waiting until after friday's job report to buy my calls. I will be noting earnings reports.

rowenwood · Mar 29, 2004

Isn't this the first strong up monday in over month? Volume is good too.

waggie945 · Mar 29, 2004

A 2% move across the board is not worth trading???

:eek:

rowenwood · Mar 29, 2004

Waggie, I'd love to read a complete summary of your thoughts regarding the current activity of the markets. We'll have to wait for a few days and see if your spx 1087 was the bottom called.

rowenwood · Mar 29, 2004

If I were a shorter I would be cringing from looking at how the DJI intraday chart is forming.

waggie945 · Mar 29, 2004

You know how ET is Rowenwood . . .

The "Trend Faders" and "Chapabraca/Manolo/James Stocks" of the world only show up on BIG DOWN DAYS!!!

rowenwood · Mar 30, 2004

Where's the day after sell-off? Hmmmmm.

illiquid · Mar 30, 2004

People seem to be quite bullish all of a sudden after a couple days of bounce. But I'd guess what was once support is now resistance, Q's kissing the 50-day MA from below seems more like a shorting opportunity (go with the trend, right guys?)

JMO