HUGE (ES, YM,DAX)SELL-OFF tomorrow, August 6th...read here...

If you keep gambling, eventually you'll get one right :)

Quote from increasenow:

yea...again...great short set-up for tomorrow...I'm flat...still waiting for SHORT entry in the DAX, YM or FTSE tomorrow...looking at charts..
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Quote from S2007S:

I did not sell my position, still holding.....

Ill let you know when I sell, portfolio still up 0.37% at the moment.


I dont see any kind of catalyst but lower oil being the force behind this move higher. As I said weeks ago the only way the markets would be up is if oil moved lower and by jolly thats what happened. If you get 130+ on oil the markets will easily pullback 5%+

The markets have forgotten what higher oil prices look like so the next time you see a run in oil, stocks will fall pretty hard.
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Right, you're up today, everyone is up. Increasenow forecasts armageddon yet somehow neglected to hit sell. Your NDX call is down 50 points and you're miraculously up. Amazing.
 
Quote from increasenow:

today is "short" set-up for tomorrow, August 6th...read here...anyone considering the following for tomorrow:
short:
ES
YM
DAX...
long:
Crude Oil
Gold...

Here is why...the YM,ES and DAX soar on "really nothing"...once market digests the FED wording and no rate cut...watch out..serious sell-off tomorrow...also with fresh Oil EIA numbers out...watch, supply concerns hit again and Gold, Oil soars...HUGE SELL OFF TOMORROW...AUGUST 6TH...
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thanks for the buy signal.
 
Quote from atticus:

Right, you're up today, everyone is up. Increasenow forecasts armageddon yet somehow neglected to hit sell. Your NDX call is down 50 points and you're miraculously up. Amazing.
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I really don't understand why people don't admit when they make a bad call or take a loss. It's actually makes you more of a man, not less of one, to admit your mistake.
 
Quote from atticus:

Right, you're up today, everyone is up. Increasenow forecasts armageddon yet somehow neglected to hit sell. Your NDX call is down 50 points and you're miraculously up. Amazing.
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I do own more than 1 position...
 
Quote from S2007S:

The markets have forgotten what higher oil prices look like so the next time you see a run in oil, stocks will fall pretty hard.
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Oh, so your so-called "bubble" in Oil isn't collapsing anymore?
It's only gone down $30.00 from the highs which is LESS THAN 20%.
I thought you said that it was a "bubble" and had PLENTY of more downside to go, no?

You're bullish on Oil now?
:eek:

LOL!
 
Quote from Landis82:

Must be an NDX "bubble".
:D
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nah, not yet, thats years and years away....

I dont think RIMM, AAPL, GOOG, AMZN and a few others can take the NDX back to early 2000 levels. I believe new stocks would have to emerge and something as big as the internet to create another cycle like the one we had in the late 90's. You would have to be a fool to think AAPL, RIMM, GOOG AMZN and a few other tech stocks would lead the NDX back to new highs. NEVER GOING TO HAPPEN....
 
Quote from S2007S:

nah, not yet, thats years and years away....

I dont think RIMM, AAPL, GOOG, AMZN and a few others can take the NDX back to early 2000 levels. I believe new stocks would have to emerge and something as big as the internet to create another cycle like the one we had in the late 90's. You would have to be a fool to think AAPL, RIMM, GOOG AMZN and a few other tech stocks would lead the NDX back to new highs. NEVER GOING TO HAPPEN....
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You completely missed my point.

No where in my post did I say anything about "early 2000 levels" in the Nasdaq.
 
Quote from Landis82:

Oh, so your so-called "bubble" in Oil isn't collapsing anymore?
It's only gone down $30.00 from the highs which is LESS THAN 20%.
I thought you said that it was a "bubble" and had PLENTY of more downside to go, no?

You're bullish on Oil now?
:eek:

LOL!
More...


Im not bullish on oil, it has plenty of room to fall, but I believe oil sees a bounce back to the $125-$130 range, I did buy a small amount of DXO on this pullback for my IRA.

Long term oil is headed down, US is in a recession and all other countries are headed into one as well, there is no need to think oil is headed higher when demand is falling due to the slowing economies worldwide.
 
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