I'm going long here

Quote from Ivanovich:

Being a forex guy, can someone pls give me a short understanding of what the Fed announcement essentially means?
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It means they are doing EVERYTHING in their power (as a privately owned globalist lead entity) to drive the markets into the tank while taking over additional control of the "financial grid". They want to make sure the economy/market continues to be blown out, so that more assets can be consolidated on "the cheap" at wholesale pricing levels to those entities which they CHOOSE!


GOT IT NOW! :D

DOW down -150 as I type.....:eek: GREAT BAILOUT PLAN!!! :p
 
It's still early. keep mind mind that at these levels the market can easily add 3-5% in a single day on the slightest whiff of news; or for no apparent reason at all.

Can the market fall another 5%? Possibly, but doesn't seem as likely as it rising 5%.
 
Quote from ElCubano:

after the pop and drop bs announcement right before the open....id say you are on to something...but im thinking friday
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only problem with Friday is who wants to take home positions over weekends! But maybe a large intra-day rally this Friday might work... and then a re-test of low on Monday. I would not take a ST long without seeing an outside day or better yet KEY reversal.

If Bernanke shaves his beard I would also go long... that's as good as any random dartboard entry!
 
Quote from stock_trad3r:

It's still early. keep mind mind that at these levels the market can easily add 3-5% in a single day on the slightest whiff of news; or for no apparent reason at all.

Can the market fall another 5%? Possibly, but doesn't seem as likely as it rising 5%.
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You have Hellen Keller-esque macro economic vision! :D
 
Well the heat is too much for me here, I just got out of half around 1025. Still about 35% long but I will ditch that into the close (barring a huge rally out of nowhere) or if we break 1000 S&P.
 
Quote from Cutten:

Well the heat is too much for me here, I just got out of half around 1025. Still about 35% long but I will ditch that into the close (barring a huge rally out of nowhere) or if we break 1000 S&P.
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Glad to hear....smart move! Do not fight a PLANNED financial grid takedown.
 
I suspect I might have made the low by selling there lol. But I'm not prepared to risk a huge hit if I'm wrong.

This rally looks good so I am buying back but with close stops around 1028 and 1015. If they get hit I am just gonna take the loss and get flat.
 
Good luck next time around. Judging by the indices, "long" sounds far too much like "wrong" on anything other than very well timed very short-term trades. Al least for now.
 
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