Mark my word right now is 3-2-08, tomorrow dow -300

ProfitPirate · Mar 3, 2008

Aye, I'd be expecting a change in the wind. So unfurl ye sails and expect to sail North for the next leg of our journey...

pcdunham · Mar 3, 2008

Quote from faith4more:

Emergency meeting of the Fed tomorrow. Most likely they will cut. You just got kicked in the groin on your short.

http://www.federalreserve.gov/boarddocs/meetings/2008/20080303/advancedexp.htm

You seriously think that? you know those meetings are scheduled twice a month since as far back as the Fed has available on it's web site. I will put better odds on a plane crashing into my house between now and the close tomorrow than an emergency cut.

Quote from ChrisMMM:

the only thing I can't predict is which color I should buy my Ferrari from all the profits, I'm predicting red... but I definitely could see myself in yellow

Don't get cocky, the market gods are watching and will find your stops or just rally because you said that

cold · Mar 3, 2008

Quote from ProfitPirate:

Aye, I'd be expecting a change in the wind. So unfurl ye sails and expect to sail North for the next leg of our journey...

is it true that guys like you are gay, as in homo them sexuals

sorry, couldn't stop myself

Trader KGB · Mar 3, 2008

No pick up in UltraShort ETF volume on Friday was not a good sign for the bulls..

http://traderfeed.blogspot.com/2008/03/ultrashort-etfs-as-sentiment-gauge.html

edit - Also, USD/JPY, GBP/JPY, NZD/JPY all down ~1% right now after the incredible 3% drubbing on Friday is provoking. No dead count bounce in sight.

HedgefundTrader2 · Mar 3, 2008

Quote from bat1:

you might want to cover

http://www.federalreserve.gov/boarddocs/meetings/2008/20080303/advancedexp.htm

could be a cut tomorrow

That meeting it seems in no coincidence. It implies urgency and that implies only one thing: RATE CUTS in the wings.

HedgefundTrader2 · Mar 3, 2008

Quote from ByLoSellHi:

Do you honestly think that they have any credibility at this point, or that additional rate cuts, which thus far have to produce tangible results for the consumer (mortgage rates have gone up), are going to save the markets?

IF the Feds cut, add another 1000 points on the DJIA.

They have every reason to cut earlier than later. Fruits are ripe on the tree.

HedgefundTrader2 · Mar 3, 2008

Quote from ByLoSellHi:

Do you honestly think that they have any credibility at this point, or that additional rate cuts, which thus far have to produce tangible results for the consumer (mortgage rates have gone up), are going to save the markets?

IF the FED cut rates, add another 1000 points to Dow and 100 pointsto SPX easily.

Shorts will be burning in flames dark charcoal brown mummies twisting in hell....

MandelbrotSet · Mar 3, 2008

After two days of strong sell-off, the market will mos likely consolidate with an upward bias in Monday's session.

But that's OK, everyone needs to do something for attention.

robbie380 · Mar 3, 2008

Quote from ChrisMMM:

the only thing I can't predict is which color I should buy my Ferrari from all the profits, I'm predicting red... but I definitely could see myself in yellow

you are a baller. i bet you worth tens if not hundreds of dollars.

HedgefundTrader2 · Mar 3, 2008

Quote from MandelbrotSet:

After two days of strong sell-off, the market will mos likely consolidate with an upward bias in Monday's session.

But that's OK, everyone needs to do something for attention.

Market/ spx has support in the 1330 area.Most likely there will be a bounce after this ferocious sell off last Friday. Some kind of bounce off that support line..