January Will Be Bullish

ess1096 · Jan 2, 2009

Quote from MrktObserver4u:

All major indexes will rise steeply heading into the passing of the torch then plop like a turd from a constipated elephant.

It will be the only significant cycle for the year - the rest flat and choppy. VIX is bottoming around here which I felt it would several months ago. Look for VIX to rise back to 60 levels again after tapping bottom at 36 this week.

Look for volatility to pick up again with wider range bars. Should see some resistance on YM around 9320 area and ES 975 area.

Short is wrong here.

Yet another useless post on ET making a prediction without ANY explaination, fundamental or technical, to back it up.

MKTrader · Jan 2, 2009

Ok, I'll admit, that was a pretty good retort given his quote.

Quote from stock_trad3r:

Prepare to eat your words

index_trad3r · Jan 2, 2009

stocktrader you have been wrong for a year now what makes your call this time rite? why would anyone follow your advice if they bought your picks in January they would be down 80%

stock_trad3r · Jan 2, 2009

Quote from index_trad3r:

stocktrader you have been wrong for a year now what makes your call this time rite? why would anyone follow your advice if they bought your picks in January they would be down 80%

Some picks are down 80% and other down much less. This bear market is just a shakeout thought, so long term buyers will be rewarded.

The chart on the DJIA is showing intraday price range tightening on an uptrend, which is very bullish. Could end the day up 400 points.

R. Raskolnikov · Jan 2, 2009

I'd wager the wit was accidental

Quote from MKTrader:

Ok, I'll admit, that was a pretty good retort given his quote.

R. Raskolnikov · Jan 2, 2009

Doom and gloom happened, the markets are down a ton and it happened rather quickly. And the repercussions of all of it is just starting to be felt and will for years to come.

No sense in argueing about it anymore, you are wrong and the US is fundamentally shit.

Quote from stock_trad3r:

Do you have the guts to put your money where your mouth is and open a long term short position or buy puts? A lot of people talk doom and gloom but they can't back it up with money.

stock_trad3r · Jan 2, 2009

Quote from R. Raskolnikov:

No sense in argueing about it anymore, you are wrong and the US is fundamentally shit.

Then put your money where your mouth is if you think the economy is shit. Talk the talk, but walk the walk?

R. Raskolnikov · Jan 2, 2009

Are you buying? Last I heard you were all tapped out and just holding your longs from awful prices.

Quote from stock_trad3r:

Then put your money where your mouth is if you think the economy is shit. Talk the talk, but walk the walk?

matgallis · Jan 2, 2009

Are you really taking the last 2 weeks of trading as a bullish sign? Everyone and their mom knows most of December is a bullshit trading month. Volume is like 1/4 of average, and fundamentals are still deteriorating. Can't wait to sell this rally.

stock_trad3r · Jan 2, 2009

Quote from R. Raskolnikov:

Are you buying? Last I heard you were all tapped out and just holding your longs from awful prices.

I never sold anything, but it will recover soon. Stuff like MA V POT MOS AAPL rebounds quickly.

So why don't you short long term?