Dow testing 6800 (will it hold?)

[bond_trad3r]

I believe it will. Dow = 6866

 

[tradersboredom]

i guess you are short than.

why would you want it to go to 6866.

anyways a true trader can make money in any market bull market or bear market but a lot easier to make money on bull market.

if you are just a trader, it doesn't matter whether it's a bull market or bear market as long as there is a feasible market for trading.

Quote from bond_trad3r:

I believe it will. Dow = 6866

 

[bond_trad3r]

I have no position, just in amazement.

 

[Ticketwatcher]

Will the S&P close below 700 is the question I find more interesting.

 

[bond_trad3r]

^ Probably. Even if you don't believe in the PPT, you gotta assume at some point the government is going step in and prop up equities using a variety of unethical methods.

 

[Ticketwatcher]

Quote from bond_trad3r:

^ Probably. Even if you don't believe in the PPT, you gotta assume at some point the government is going step in and prop up equities using a variety of unethical methods.

At some point the market is going to realize that Gubmint is out of bullets. That is when things really get dicey. The market already reflects that the Gubmint has made promises and committments without ever really grasping what the problem is, let alone formulating a course of action which would turn the tide of uncertainty and lack of confidence.

 

[gnome]

Wake me when Dow < 3000. Until then, just noise.

 

[short&naked]

Quote from bond_trad3r:

I have no position, just in amazement.

I know what you mean... same here.

 

[bond_trad3r]

it's almost time for me to make another thread in the trading forum so it can be moved here.