ET Official Bottom Watch Thread

trefoil · Oct 10, 2008

GDX did a couple of minor breaks below 25.30, but is now chugging towards 26.
Looks good.

stock_trad3r · Oct 10, 2008

Cover Cover Cover

ha ha ha

Ivanovich · Oct 10, 2008

Quote from stock_trad3r:

Cover Cover Cover

ha ha ha

Dude, I'm serious. Shut up. Brag when it's closed. Don't jinx it.

Surdo · Oct 10, 2008

Quote from Ivanovich:

Dude, I'm serious. Shut up. Brag when it's closed. Don't jinx it.

Just put the perma DOUCHE on ignore!

MKTrader · Oct 10, 2008

Right...I was about to mention an index and a major ETF that are both positive, but I'll hold off for another 30 minutes.

Quote from Ivanovich:

Dude, I'm serious. Shut up. Brag when it's closed. Don't jinx it.

stock_trad3r · Oct 10, 2008

I have a feeling this place is going to be much more quiet in the next three months

3-1 margin means 10% rally=30% account destruction

iceman1 · Oct 10, 2008

Quote from iceman1:

ST floor to this Bush fiasco crater is coming on Monday...

...take it to the bank (but don't leave your money there)!

Like I said in my one and only "bottom" thread (now in chit chat)

7900-8250 is a floor... take it to the bank

So far we have a line drawn in the sand.

nonlinear5 · Oct 10, 2008

Quote from nonlinear5:

The most unexpected thing that the market can do today is to go up. Therefore, it's going to happen.

Looks like we'll have a 1000 dow points rally today.

Aaron Copland · Oct 10, 2008

buy buy buy buy

stock_trad3r · Oct 10, 2008

14,000 on the dow by late 2009

as I have been saying here since August of 2007 the fundamentals of the US economy have not changed. The prices of stocks have, but not the fundamentals. If you don't believe me now you will learn after your account goes to zero in the next few months and you have a margin debt.