dow < 10k??

[equitydaytrader]

i'm thinking after 300 down we are bound to have at least a 200 up day fri. 5/21

thoughts, analysis, opinions...

 

[nazzdack]

Quote from equitydaytrader:
.....after 300 down we are bound to have at least a 200 up day fri. 5/21....

1) 5-0. The bears have "it".
2) Big up-days can follow big down-days, not the other way around. We'll see. :eek:

 

[MrDODGE]

The pump monkeys at the Fed won't allow it to happen.

 

[equitydaytrader]

lol.
pump monkeys??

i don't think we're going to have a 300 up day, but a big day is definitely coming.

i'm reasearching long leveraged ETFs right now

 

[jnbadger]

Quote from equitydaytrader:

pump monkeys??

Great band.

I vote we break it but close above it tomorrow. No real rational, other than I don't see a straight down day on op-ex.

 

[Petsamo]

Quote from equitydaytrader:

i'm reasearching long leveraged ETFs right now

The most potent/lethal leveraged long ETFs are FAS, EDC, & TNA (not necessarily in that order).

 

[equitydaytrader]

@petsamo

thanx a bunch. now i just hope i can afford these in light of the new restrictions

 

[335ifurby]

well with the VIX at these levels its just a matter of playing volatility until the market can calm itself down. "Volatility is a traders friend"

 

[equitydaytrader]

Quote from 335ifurby:

well with the VIX at these levels its just a matter of playing volatility until the market can calm itself down. "Volatility is a traders friend"

yes sir!

volatility equals (insert positive word here that rhymes with volatility)

 

[equitydaytrader]

i was back and forth all day with qid for shorts and fas for longs.
i did waaaay too many trades but i was up 4% of my cash value but only 1% of my margin value because of the darn margin requirements on those etf

oh well. next week we should have some big gains too