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Is the rally for REAL this time, or do we retest/break the lows?
- Thread starter paysense
- Start date
We have all the ingredients for a bottom, which was established on October 10th.
Don't bet against the US. Maybe Germany or Japan, but not America. We have the most flexible federal reserve system. The fed is printing as much money as needed to keep the economy churning, and all recovereis v shapped. It has been that way since 1982 with the inception of Reganomics, and that isn't going to change anytime soon.
In addition the US consumer is not slowing their spending, constrary to what some pundits were prediting a few weeks ago. The age of prospertiy which also began in 1982 is far from over.
And all the econ data and earnings reports have been much better than projected.
Don't bet against the US. Maybe Germany or Japan, but not America. We have the most flexible federal reserve system. The fed is printing as much money as needed to keep the economy churning, and all recovereis v shapped. It has been that way since 1982 with the inception of Reganomics, and that isn't going to change anytime soon.
In addition the US consumer is not slowing their spending, constrary to what some pundits were prediting a few weeks ago. The age of prospertiy which also began in 1982 is far from over.
And all the econ data and earnings reports have been much better than projected.
Stock_trad3r,
Please hush and don't jinx another strong close.
Thanks.
Please hush and don't jinx another strong close.
Thanks.
Quote from stock_trad3r:
We have all the ingredients for a bottom, which was established on October 10th.
Don't bet against the US. Maybe Germany or Japan, but not America. We have the most flexible federal reserve system. The fed is printing as much money as needed to keep the economy churning, and all recovereis v shapped. It has been that way since 1982 with the inception of Reganomics, and that isn't going to change anytime soon.
In addition the US consumer is not slowing their spending, constrary to what some pundits were prediting a few weeks ago. The age of prospertiy which also began in 1982 is far from over.
And all the econ data and earnings reports have been much better than projected.
No kiddingQuote from MKTrader:Based on redemption levels, I'm not so sure about that. They've already hit levels that usually accompany market bottoms.
â¢Stock-Fund Investors Pull Record $70.7 Billion From Markets, TrimTabs Says
http://www.bloomberg.com/apps/news?pid=20601087&sid=ami_XEftEtKw&refer=home
Quote from intradaybill:
Before this market makes new lows it will provide a strong but of course false sense to the general public that the bear market is over. This will create more upward momentum and a good opportunity for many funds that lost money to recover some $$$$$ at the expense of the uninformed investor. Then magically the bad news will hit the market again and the new lows will come at the expense of the individual investor this time around rather than the funds. This will be repeated a couple more times until the big funds have recovered a good fraction of their losses.
Then, when individual investors give up, close their accounts and convince themselves to never again deal with the market, prices will go on a slow, yet steady upward trend towards new all time highs.
ahhhhh grasshopper you have good view of reality and mkt psycology-you make sense-perma bulls will not like your sense to them it is non-sence...but for some it is real cents has value of gold
Quote from stock_trad3r:
We have all the ingredients for a bottom, which was established on October 10th.
Don't bet against the US. Maybe Germany or Japan, but not America. We have the most flexible federal reserve system. The fed is printing as much money as needed to keep the economy churning, and all recovereis v shapped. It has been that way since 1982 with the inception of Reganomics, and that isn't going to change anytime soon.
In addition the US consumer is not slowing their spending, constrary to what some pundits were prediting a few weeks ago. The age of prospertiy which also began in 1982 is far from over.
And all the econ data and earnings reports have been much better than projected.
were you not spouting the same kool-aid last fall? before the fall?
you said to trust the fed
we do not trust the fed
most trust the fed some of us do not-
read "Secrets of the Temple" tell me if you feel the same afterwards-warning it is like reading war and peace
My Call - DOW <3000
My reasons -
http://market-ticker.org/archives/634-Beware-Bottom-Callers.html
"In short there is absolutely nothing in the past history of the market to support a "bottom" call here. Remember that CNBC's mouth-breathers along with virtually every commentator called a bottom in March and then again in July. How has that worked out?"
Got Bullets?
My reasons -
http://market-ticker.org/archives/634-Beware-Bottom-Callers.html
"In short there is absolutely nothing in the past history of the market to support a "bottom" call here. Remember that CNBC's mouth-breathers along with virtually every commentator called a bottom in March and then again in July. How has that worked out?"
Got Bullets?
1) We close above the lowest swing high (S&P in four digits)
2) We retest the lowest low (10/27 I believe).
3a) If we close below that low then look out below - SELL
3b) We succesfully retest the bottom and then close above the previous swing high.
4) BUY - Then I'll start nibbling and buying on a 50% retracement.
2) We retest the lowest low (10/27 I believe).
3a) If we close below that low then look out below - SELL
3b) We succesfully retest the bottom and then close above the previous swing high.
4) BUY - Then I'll start nibbling and buying on a 50% retracement.