GET THE HELL OUT

Next up on FOX TV..."When good bulls turn bad"

water-walk.jpg
 
Quote from nugundam:

Just in case any of you guys think holding stocks long term is a sure win and you can't go wrong just remember what happened to Japan (Nikkei-225), 15 years after hitting its all time high it was a quarter of its value.

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Happy trading to all:)
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The problem with that chart is Japans economy has always been 20 +years ahead of us. If i compare the $dji chart to that it looks the same as the nikkei did back in 83/84. With short interest at all time highs and lack of the downtick rule, the move that would come out of a spike would be amazing. Just think what would happen if the dji spiked 1k in a day. The trap would be set. Not only would shorts be in deep trouble in just a few hours, Others would enter short and just keep adding as the market flew up. The markets could do a run of 50% in just a few months. and over a few years a few hundred % As of now I'm short but very wary. 12420 is the stop and was my entry point.. don't be the bear in a trap ....just make sure your stopped out
 
Quote from 195min:

The problem with that chart is Japans economy has always been 20 +years ahead of us. If i compare the $dji chart to that it looks the same as the nikkei did back in 83/84. With short interest at all time highs and lack of the downtick rule, the move that would come out of a spike would be amazing. Just think what would happen if the dji spiked 1k in a day. The trap would be set. Not only would shorts be in deep trouble in just a few hours, Others would enter short and just keep adding as the market flew up. The markets could do a run of 50% in just a few months. and over a few years a few hundred % As of now I'm short but very wary. 12420 is the stop and was my entry point.. don't be the bear in a trap ....just make sure your stopped out
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Agreed, and i think such an event already occured during the .com bubble era/bust. Many people thought that the ultra high PE ratios were unsustainable and although they were right, they were squeezed out. Goes to show you the importance of stops:)

800px-Nasdaq_historical_graphsvg.png


I think whats amazing with the US market though is its resiliency. Amazing chart though compared to japan:)

Won't post the dow chart as i'm sure most of you already know how that looks like:)
 
Quote from 195min:

The problem with that chart is Japans economy has always been 20 +years ahead of us. If i compare the $dji chart to that it looks the same as the nikkei did back in 83/84. With short interest at all time highs and lack of the downtick rule, the move that would come out of a spike would be amazing. Just think what would happen if the dji spiked 1k in a day. The trap would be set. Not only would shorts be in deep trouble in just a few hours, Others would enter short and just keep adding as the market flew up. The markets could do a run of 50% in just a few months. and over a few years a few hundred % As of now I'm short but very wary. 12420 is the stop and was my entry point.. don't be the bear in a trap ....just make sure your stopped out
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good post.

I agree w/you 100%.lets hope it happens....
 
Quote from ByLoSellHi:

GET THE HELL OUT!!!


Time Stamped: 26:26 03/7/08

Back to '06 Levels and no floor exists.
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if you look at a 20 year chart the spus have an 1160 support area
 
Quote from ByLoSellHi:

2-28-2008

Get out. Get he hell out of the market and go short. Forget volatility and trading. Just get out.

There will be a vicious, swift correction in weeks, not months, as institutional finally lose any faith that the U.S. Central Bank can't deal with the problems we have. The Federal Reserve is impotent, and it will take a colonic cleansing of bad debt, wiping balance sheets clean, and bankrupting many companies, before clarity can return, and real economic growth can be possible again.

You will be able to buy equities at much cheaper levels once this process runs its course - probably in 9 to 14 months.

Stamp this date and see where we are 3 months from now. I'm not leaving ET if I'm wrong (although I'm highly confident I'm right), but I'll definitely not avoid this thread, and I'll eat crow in front of all if I am.

The market has given a final chance to get out of your long positions at non-catastrophic levels. Seize the opportunity to do so.
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All trends end with a spike. No where on any of the major indexs do i see a spike to the upside. Ranges these days are expanding by the day. If you look at the $dji weekly its putting in a reverse wedge pattern. higher highs with lower lows . We could see 10800 / 11200 area. which i would love to see dont get me wrong. but then were right back to 16500.
 
how or what is going to take the dow back to 14,000 let alone 16,000 ? this dow will be in a serious bear market for years.

bgp
 
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