Market behavior???
- Thread starter retire45
- Start date
Here is a secret: Just because a market does not crash on bad news does not mean it is strong, it may just be going through a technical (meaningless) bounce...
We never really had a rally, it was just bunch of noise on the dow, I'm looking at aapl for the general market direction instead of the dow for the short term.
OFFICIAL MEMO
Date: 11/10/08
From: THE MARKET
To: retire45
Sir, my job is to befuddle most of the people, most of the time. It is the very nature of markets that only a few can win. And that, unfortunately, is not you.
Regards,
THE MARKET
j/k good trading to all!
rumor has it, smart money predicts 20/25% more for the down move. (Not overnight but before the end of the year)
Sp500 699
INDU 6749
This could be the bottom they say.
Plenty more "Outflows" to come from Joe Sixpack's 401k
Hedgefunds selling out in every rally.
The "bad news" has just started.
Administration Transition.......
Obama has yet to name key appointments
Nationalization of AUTO Industry being pushed by the Dems.
Plenty of reason's why you sell into rally's with less risk.
Sp500 699
INDU 6749
This could be the bottom they say.
Plenty more "Outflows" to come from Joe Sixpack's 401k
Hedgefunds selling out in every rally.
The "bad news" has just started.
Administration Transition.......
Obama has yet to name key appointments
Nationalization of AUTO Industry being pushed by the Dems.
Plenty of reason's why you sell into rally's with less risk.
Quote from mister_doodi:
We never really had a rally, it was just bunch of noise on the dow, I'm looking at aapl for the general market direction instead of the dow for the short term.
The dow is easily manipulated yes... and I despise it as an index. but to use AAPL to gauge market?? I trade mainly ETF's and they ARE markets on their own..