I was just reading this thread...oh my...so many things I still don't know. That's really a great source of information.
Keep posting!
Keep posting!
How Do We Nail the Bottom?
- Thread starter netedge
- Start date
Quote from SCNinvestor:
I was just reading this thread...oh my...so many things I still don't know. That's really a great source of information.
Keep posting!
Thanks SCInvestor. I plan to keep posting until my targets are hit. I sort of consider this my personal journal for addressing this bear market and the outcome from here. Appreciate the kind comments - there tends to be a severe lack of that on this forum.
Hey guys,
Here's a fantastic article discussing the need for an open mind during turbulent times like this. Chris Ciovacco also discusses the past bear markets and what happened afterwards and how you can gauge the market activity. HIGHLY suggested reading!
Here's an excerpt:
"During bear markets, one of the mistakes people have made over and over again is to remain overly fearful for too long as assets became attractively priced. Rather than stepping in to start some cautious buying, most people never consider moving some money off the sidelines when assets are much cheaper. People want to buy at the top and sit on their hands at market bottoms. It has always been that way and it will always be that way. Bottoms do not occur when conditions are perfect and it feels comfortable to invest."
http://seekingalpha.com/article/103882-the-transition-from-bear-to-bull-market
Here's a fantastic article discussing the need for an open mind during turbulent times like this. Chris Ciovacco also discusses the past bear markets and what happened afterwards and how you can gauge the market activity. HIGHLY suggested reading!
Here's an excerpt:
"During bear markets, one of the mistakes people have made over and over again is to remain overly fearful for too long as assets became attractively priced. Rather than stepping in to start some cautious buying, most people never consider moving some money off the sidelines when assets are much cheaper. People want to buy at the top and sit on their hands at market bottoms. It has always been that way and it will always be that way. Bottoms do not occur when conditions are perfect and it feels comfortable to invest."
http://seekingalpha.com/article/103882-the-transition-from-bear-to-bull-market
We are currently breaking the 10/20 and 10/21 intermediate term highs to the upside so we have broken through some resistance. Assuming this holds we are off to 1044 on the SPX or 1067 on the S&P futures.
Election squabbles could put a lid on the uptrend if Obama or McCain protest the election results. Stay tuned....
Election squabbles could put a lid on the uptrend if Obama or McCain protest the election results. Stay tuned....
yup another huge rally. I am right again because I know how the stock market and the economy works. Dow 14K next year. Recovery will be 'v' shaped.
I told ya losers to cover two weeks ago when the dow was at 8400. Now it's much higher and the upside is unlimited.
I am almost never wrong. When I say the economy has not changed between June 2007 and now, I'm right. Time 2 buy GOOG and EWZ. Time 2 buy MA and V. Buy MOS and POT. Buy and hold 4 the next 15 months. I know almost everything.
We're climbing the wall of worry
Do as I say and make $$$$$$$
I told ya losers to cover two weeks ago when the dow was at 8400. Now it's much higher and the upside is unlimited.
I am almost never wrong. When I say the economy has not changed between June 2007 and now, I'm right. Time 2 buy GOOG and EWZ. Time 2 buy MA and V. Buy MOS and POT. Buy and hold 4 the next 15 months. I know almost everything.
We're climbing the wall of worry
Do as I say and make $$$$$$$
VIX went all the way down and touched its 50 day Moving Average (45) today before bouncing off and closing at 47.73. This is the first VIX close below 50 since October 3rd. I would expect the VIX to trend sideways from here since its drop down out of the 60's and 70's of the past few weeks.
If it does we will continue to gain some order in the markets and will begin to stabilize. Those that are bullish should now hope there is no major protest to the voting system so as to avoid uncertainty.
If it does we will continue to gain some order in the markets and will begin to stabilize. Those that are bullish should now hope there is no major protest to the voting system so as to avoid uncertainty.
if u think thats true and u can profit from it,u obviously don't trade,the one constant that keeps a trader grounded is being wrong,admitting it,taking a small loss ,and humbly looking at the market ,with his foremost thought being,"i could be wrong",and carefully limiting his trades to the ones in which he has an edge
With the election done, time to refocus on successful trading. The usual requirement is you must deploy an accurate and comprehensive methodology to harness repeat gains daily in the market.
The range for today (YM - Tuesday Nov 4 2008) was 214. It was a small day compared to some recent days. But the gyrations were still there for you. Your action: buy the upmoves, sell the downmoves sequentially.
The sequence in todays gyrations (up/down repeating 9.30 to 16.00 on Nov 4) produced 13 macro 'legs' of minimum 35 points (ie cents). The mean average of those 13 'legs' was 100 points per 'leg'. Therefore between 9.30am and 16.00pm, thats 1300 points which were on offer. Capture generous portions of the markets daily offering.
So post election, get those positive mantras going. Make a plan Stan. Get ready to go Joe. Hop on the bus Gus. Deal from the top of the stack Jack. And plenty of riches for you, Lou.
The range for today (YM - Tuesday Nov 4 2008) was 214. It was a small day compared to some recent days. But the gyrations were still there for you. Your action: buy the upmoves, sell the downmoves sequentially.
The sequence in todays gyrations (up/down repeating 9.30 to 16.00 on Nov 4) produced 13 macro 'legs' of minimum 35 points (ie cents). The mean average of those 13 'legs' was 100 points per 'leg'. Therefore between 9.30am and 16.00pm, thats 1300 points which were on offer. Capture generous portions of the markets daily offering.
So post election, get those positive mantras going. Make a plan Stan. Get ready to go Joe. Hop on the bus Gus. Deal from the top of the stack Jack. And plenty of riches for you, Lou.
Today we have the typical reaction in the "buy the rumor (Obama to win) - sell the news (he officially won)" cycle. We are having a profit taking yet very orderly sell-off this morning as I anticipated.
Although many business leaders endorsed McCain, they seem Ok with the Obama decision and are finding positives in it. Meanwhile, the genereal voting population wanted Obama because they thought he would be better with the economy.
If they feel better about Obama and the economy they may be inclined to spend more. If they spend more we recover from the recession more quickly and consumer confidence begins to bounce back. If that scenario plays out that is good for the stock market.
Now about that capital gains tax......
Although many business leaders endorsed McCain, they seem Ok with the Obama decision and are finding positives in it. Meanwhile, the genereal voting population wanted Obama because they thought he would be better with the economy.
If they feel better about Obama and the economy they may be inclined to spend more. If they spend more we recover from the recession more quickly and consumer confidence begins to bounce back. If that scenario plays out that is good for the stock market.
Now about that capital gains tax......