ES Journal Archive (2006 - 2008)

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Quote from MiniDowTrader:

You'd think the Dow was down 2000 points from that all-time high listening to CNBC...think I'll pop a tape of yesterday's PGA Championship in for background noise today! :D

I must be missing something...Dow is down 6% but everyone and their mother is pounding the table for a rate cut??? Is it the Fed's job to keep the equity markets elevated?
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No, it is not.

I always get a kick when so-called conservatives like Larry Kudlow and Gary Kaltbaum are the most vociferous about having the Feds intervene, as if it is the government's job to bail out careless speculators.

Good for Ben.
 
Quote from smilingsynic:

No, it is not.

I always get a kick when so-called conservatives like Larry Kudlow and Gary Kaltbaum are the most vociferous about having the Feds intervene, as if it is the government's job to bail out careless speculators.

Good for Ben.
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agreed completely..........even better is the federal reserve is`nt even a gov`t agency......but listed under Fed Ex in the phone book. :p
 
I think people do not pay attention to % but absolute numbers and that spooks them. 5% correction is not a lot given market move over the past year but they see 200 and 300 point down days and panic. They only see the absolute number and compare them to the past and ignore the actual % move. That is why CNCB bobbleheads are talking about such panic.

I think this is also why many use lognormal charts to see relative scale and not absolute.
 
Quote from optioncoach:

I think people do not pay attention to % but absolute numbers and that spooks them. 5% correction is not a lot given market move over the past year but they see 200 and 300 point down days and panic. They only see the absolute number and compare them to the past and ignore the actual % move. That is why CNCB bobbleheads are talking about such panic.

I think this is also why many use lognormal charts to see relative scale and not absolute.
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illusions vs reality.
 
Quote from wave:

Me long to the gong.
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Is this what you mean by helping people make money? This market call was made 8/3/07 at 10:01 PST when the market was at 1464.75--the market closed at 1433.5.

DMartin
 
Quote from dmartin:

Is this what you mean by helping people make money? This market call was made 8/3/07 at 10:01 PST when the market was at 1464.75--the market closed at 1433.5.

DMartin
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the market rose 10+ point after that and then dropped. But I am still waiting patiently to prove your skills. Wait you have none.
 
dmartin-

you are on ignore stupid list until you prove yourself. And for the record, calling tops and bottoms and making calls is not what it takes to make money in trading. Many ways. But when a fool goes tooting his horn about how great he is and how simple trading is and doesn't have the nuts or confidence or proof to back it up, well then that's just sheepish and cowardly. And above all, very misleading to new traders.
 
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