Gotta love ZERO RISK in the Markets = $$$
- Thread starter MattF
- Start date
You got the kiss of death from Cramer this weekend, who called for 1500 dow points over the next year. He also called for a U.S. recession at the same time, quite a paradox.
ES has been down and up on overnight trading. It went down as far as 1497.75 at around 2:00 Am and now at 8:00 is 1502.75, which is 5 point lift. Also, most Asian market are down, nothing major but they are in red. Then there is that Turkey slide, insignificant and directly related to the political situation there, but one never knows.
Quote from makloda:
Yup a 3 point sell off in the ES at the open and then everybody and their mom thinks they can go short. Then by 2pm they will all be squeezed to the upside and forced to cover and we'll close in the green. Deja Vu all over again
I like you scenario, but think the slide is going to be deeper, 5 to 7 points on the ES at the open with a reverse at around 10 to 10:30. From there nothing but slight up and chop all the way to after lunch when things will pick up again and the market will make new highs. I am hoping this is going to happen so that $$$$ can continue coming my way.
Quote from makloda:
Yup a 3 point sell off in the ES at the open and then everybody and their mom thinks they can go short. Then by 2pm they will all be squeezed to the upside and forced to cover and we'll close in the green. Deja Vu all over again
On track so far. The dropping TNX will seal the deal.
back in the green
sp00z shorts got stopped
sp00z shorts got stopped
I 'thirded' it.
This market is lame.
It's as ripe as a summertime watermelon due for a correction.
Not that I'm calling a top.
I just think ignoring all the weak economic fundamentals is taking on an almost comedic tone, as done by analysts and brokers.
This market is lame.
It's as ripe as a summertime watermelon due for a correction.
Not that I'm calling a top.
I just think ignoring all the weak economic fundamentals is taking on an almost comedic tone, as done by analysts and brokers.