Had to post, Shanghai down 2.77%

Quote from EqtTrdr:

quick.. what happens every time market gaps down????


Answer: Buying.....


unless of course..."this time is different"
More...



its not different. As soon as the fools see a down day they look at it as a buying opportunity because they are afraid they will miss the run to where ever its going. Its going to take alot more to get the dow down to the point where a bear becomes a bull and a bull a total bear.


The markets will most likely open down, trade a bit lower than make a run into the green. Its up to google to keep the rally intact going into the end of the week.
 
You are probably right, but I saw a piece recently about how this is the longest stretch without a 10% correction in about 80 years. Anytime now...it's almost May :D
 
Quote from S2007S:

its not different. As soon as the fools see a down day they look at it as a buying opportunity
More...

Aren't the fools the one making money the past YEARS or so?
 
Quote from EMRGLOBAL:

Each time we have gap-d down, buyers rush in.

Nikkie is down 357 points now. I don't think we will see a serious US reaction to Asia. China is selling due to 'intrest rate" fears. Raising the rates in China is a possibility.

US is less likely to raise rates next FOMC, in fact if anything we will cut eventually.Our economy is not strong but hanging in there. The serious troubel for the US economy has a massive lag time, could be in to 2009 or even 2010 before we see a meltdown. Dollar will break through 80 even and continue to drop in a slow jerky pattern.

Gold will continue volitile moves and Oil will be up around 70 a barrel sooner than later.

Right now, as bearish as I am on the US as a whole, the Trend is your friend for a while. Unless a significant reversal happens, 15% sell off from the highs. Trend is Up Up Up with dips to buy.

E
More...


Agree with it all,

only thing I disagree with is the 15% sell off. Reason being is because by the time you realize its been a 15% sell off and you go short it will be tooooo late. You may grab a few shorts here and there, but you will probably miss out on 75% of the drop.

Same thing on the upside. Everyone says July was the time to buy, the reason its so easy to throw that around is because all you need is a historical chart showing that July was the bottom. Rewind back to July and I bet 98% of traders were on the short side and ready to short any rally. Do you really think people were as bullish as they were in July of 2006 as they are in April of 2007. There are more bulls here at 12800 than there were at DOW 11000. No one thought that by April, the Dow along with every index around the world would be at record highs. No one can time a market prefectly.

How about fast forward to November 2007 and will pull up a historical chart and look back at where we are now, how could anyone determine that this is the top, your only able to determine anything after the fact.
 
This
Updated 04/18/07 11:02 PM

Contract Last Change
CME E-mini S&P 500® 1474.00 -625
CME E-mini NASDAQ-100® 1839.75 -850
CME E-mini® Russell 2000® 823.80 -420



Will be this by sometime tomorrow:


Contract Last Change
CME E-mini S&P 500® 1484.25 +400
CME E-mini NASDAQ-100® 1854.25 +600
CME E-mini® Russell 2000® 831 +300
 
HP_NKY.png
 
Quote from ByLoSellHi:

HP_NKY.png
More...


needed a nice clear chart like that, :D

As nice as it looks why do I have this feeling it will be above 18,000 in the next 2 weeks....
 
You must log in or register to reply here.
Back
Top