I wish to apologize to the trolling community on this board. Sorry if I stirred up the trolls. If I could convince you trolls to trade I would. This board has an open door policy where traders and trolls can seem to co-exist with each other. I wish there was "troll" filter button at the bottom and that would greatly help. Come on guys, cut it out with the trolling. The only time you are wasting is yourself and I can deliver out better responses then the one liner insults you put out anyday of the week.
So lets talk about the times since 2003. Every year since 2003, there has been a lower point on the QQQQs by March. Sometimes that point is in January, but other times its in February or March. There is usually no warning of the drop. The indexes always look somewhat strong. There are rarely just drops from a sharp incline in any stock or index. Usually there is a period of consolidation time. However, the QQQQs seem to drop without warning this time of year.
We can all agree the economy seemed much better in 2005 and 2006 with a greater amount of people employed. In regards to Google, price was bought right up to January 2006 and then, without warning, the price suddenly dropped. Why would it be incomprehensible for such a thing to happen again in a weaker economy?
Amazingly enough, Jim Cramer was at the same position during those years each and every time. Right before Christmas, he would have these lofty price targets for Google and I remember one episode where he painted his hands and face with the word "GOOG". Im not using Cramer as an indicator, but I thought it entertaining that he seems to be at forefront of all these big drops. Generally, Cramer is like the financial news which usually only points out a stock after a signficant period of overperformance. By the time Cramer and the news latches on to a stock, its run is usually done for the next 3-6 months.
I know some of you guys cant remember what it was like back in 2003 because you were in high school so you can't relate. Just close your eyes, click your heals and think.
So lets talk about the times since 2003. Every year since 2003, there has been a lower point on the QQQQs by March. Sometimes that point is in January, but other times its in February or March. There is usually no warning of the drop. The indexes always look somewhat strong. There are rarely just drops from a sharp incline in any stock or index. Usually there is a period of consolidation time. However, the QQQQs seem to drop without warning this time of year.
We can all agree the economy seemed much better in 2005 and 2006 with a greater amount of people employed. In regards to Google, price was bought right up to January 2006 and then, without warning, the price suddenly dropped. Why would it be incomprehensible for such a thing to happen again in a weaker economy?
Amazingly enough, Jim Cramer was at the same position during those years each and every time. Right before Christmas, he would have these lofty price targets for Google and I remember one episode where he painted his hands and face with the word "GOOG". Im not using Cramer as an indicator, but I thought it entertaining that he seems to be at forefront of all these big drops. Generally, Cramer is like the financial news which usually only points out a stock after a signficant period of overperformance. By the time Cramer and the news latches on to a stock, its run is usually done for the next 3-6 months.
I know some of you guys cant remember what it was like back in 2003 because you were in high school so you can't relate. Just close your eyes, click your heals and think.
Quote from riseluxer:
reallitydaytrader sounds like an idiot certainly.