Dow DEFINITELY looks good to 9000

Quote from dotslashfuture:

he's right, we will see dow 9000 this summer, and then we will see a nice retracement. The prevalence of bears and shorts out there is what is keeping this rally going higher, only when the bears/shorts capitulate will it end.
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This back-and-forth debate will likely last all summer and to no purpose whatsoever. If one is playing both the long and short sides simultaneously, what difference does it make?
 
there is ALWAYS a back and forth, thats what makes it enjoyable.

As for why it matters, it matters because I am a swing and position trader, and i make my money on trends, and this is the nicest uptrend i have seen in a while, and it was VERY predicatable, and people are kicking themselves all over and in denial because they didn't predict it.
 
he really doen't understand why it matters, so he should not even be trading.

If he is trading, he loses mone, asking questions like that.
 
I've been long only since the 3rd week in March, we were obviously looking at a war rally, and possibly a short squeeze. We've had the war rally, and the short squeeze is on in a big way.

I tried to find some shorts, and they all sucked. "Everything" looked bullish. And it was bullish. And it still looks bullish.

i'm not very good at picking time frames, but I am pretty good at reading charts and analyzing the macroeconomic picture.

Everyone who knows TA knows the charts are bullish, I won't even speak to that point.

The macro picture is more bullish than most realize because of the tremendous amount of economic stimulus that is now getting pumped in, and started getting pumped in before the war started.

We were down so long, we forgot what "up" feels like.
 
Quote from dotslashfuture:

there is ALWAYS a back and forth, thats what makes it enjoyable.

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If people present well-thought-out arguments, perhaps. At least something one can learn something from. But this "we're going to reach 9000 no we're not" business is just kids on a playground.

As for the uptrend, yes, we've been in an uptrend for a few weeks. Before that, a downtrend. Before that, another uptrend. But that in and of itself says nothing about where we're going.
 
Jeopardy answer:

Because he is full shit.

Jesse J.
Senior Member
Registered: Apr 2003
Posts: 222
05-05-03 04:41 PM
whats a moniker?
ok, i'll buck a trend on ET of "mass generalizations", and say..

Yes, by May 23rd the DOW will be at 9000.


What is the question:

Why is Jessie still posting on ET?



Jesse J.
Senior Member
Registered: Apr 2003
Posts: 222
05-05-03 03:46 PM
Dow DEFINITELY looks good to 9000
After extensive analysis, I am SURE the Dow will rise to 9000 in the next few weeks.

I am so sure avout this, I am willing to stake my reputation on it.

That's right, I will leave ET if it doesn't happen.

JJ


Why should we believe a person, who doesn’t keep their word?

Weasel, welcher, politician, used car salesman, Prop firm marketing manager, Jessie "The Mouth" J....same difference.
 
DB, it hasn't been a few weeks, its been a couple months now, and people have been in denial the whole way.

Its one thing to be wrong, even very good forecastors are wrong a lot, but the good trader admits when he was wrong and goes with the flow.
 
"But that in and of itself says nothing about where we're going."

trends say more about where we are going than ANYTHING ELSE. In fact, if there were no trends, I wouldn't trade.
 
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