Market Crash Monday!

Quote from galvinlee888:

Wall Street Journal

RED MONDAY - DOW UP 15%

Financial traders and big investors on Wall Street are already referring to today's 15% up in the Dow Jones Industrial Average as Red Monday.

A circuit breaker was triggered on the New York Stock Exchange within 10 minutes of the opening bell as stock prices went up into the root. When the exchange re-opened 1 hour later, the major averages continued to fly up to the root.. It appears it is due to average American believe they finally be safe by the news for the tax extension..

The up trend was triggered by a decision from Chinese Government to keep the rate unchanged over the weekend in order to save the world.

As the markets closed on their high that never been seen before, a palpable sense of cheers descended on Wall Street. One Journal reporter who was outside of the commodity exchanges in Chicago said that the traders filing out of the building at the end of the day looked like they had seen a angel that descend and save their world, everyone are happy and live happily after that forever.


See my post last Friday - Hope you are one of them that still LONG .. Market tend to fly again after open .

Bottom line is - there is NO seller in this market, just listen to the market and follow trend .. I myself will go LONG !!

:cool: :p :p :D :D :D :D
 
Quote from galvinlee888:

See my post last Friday - Hope you are one of them that still LONG .. Market tend to fly again after open .

Bottom line is - there is NO seller in this market, just listen to the market and follow trend .. I am LONG again (:D )!!

:D :D :D
 
the fed like all market manipulators will see you don't mess with free market capitalism..all market manipulation backfires..

either the fed goes bankrupt propping this market or something worse.

steve jobs and page at apple and google don't need gov't supporting the market.and consumers don't need the fed causing oil prices to rise with QE.

fund managers with cash have to buy because fed is artificially keepign interest rates loow...bascially forced by the fed to buy commoditites and the market. it's gov't intervention of the free market. or gov't manipulation of the free market.

this gov't intervention in the free market hasn't occurred so bluntly before in previous recessions.

this market manipulation will backfire on the fed and the economy. unintended consequences..capital leaves the US and investment declines etc. as the US dollar declines..and hyper inflation kills the consumer. consumers won't be buying anything no iphones or computers..no cars. gov't won't get taxes as sales tax revenue plummet.

sales taxes is the gov't biggest revenues.and if the consumer dries up no sales tax..property tax dries up as home don't sell.

property taxes are so high people rather rent.

it's price correction not market crash.

prices fluctuate but these ponzi scheme participants don't seem to care.

the fed or some big boy is buying up all supply.

i mean one entity owns 40% of silver and 20% of oil.

2 guys own the stock market. go figure that out.

now if this isn't a rigged casino embezzlement operation and ponzi scheme i don't know what is.

the fed in a sense is using or borrowing money from the future generations to bailout wall street. and bailout the banks. hence the future looks bleak. the fed like many banks don't have money..the money they print just dilutes the currency.

Quote from Garbage Can Ray:

Shortie called it in another thread.

"Does anybody here still remember Hindenburg Omen? By my count we have at least until December 13 2010 to fulfill it. 122 days is the longest stretch between the omen and the subsequent bottom (except 2008 case when it took 246 days). This year we had the omen on Aug 12."

You are forewarned...If it doesn't happen though, blame Shortie, not me! I am longer than John Holmes:D
 
Quote from galvinlee888:

Market will and have to go up again on Monday and the rest of next week,even the interest rate thing from China will pause the market for a short while, however, other "good news " (although most are already well known) like the tax bill extension and etc will give the market an "excuse" to go up and UP ..

Bottom line is those not so smart fund Mgr have and forced to invest in the market now as most of them are under inverst at the moment, and they don't want to be looked like idiot for under-invest (although they are indeed idiot as we all know - See my post three days ago!!)

My Call option already went up for nearly 70%, , I am going to sell my "trade secret" here for $5000 subscription for a month, free one to one coaching, all major credit cards are accepted :D

Summary - Follow the flow (although it has been created by those not too smart people) and go LONG LONG LONG !!!!!!! :p :D :cool:


Adding more LONG positions for this small pull back, my 2 cents is the market will move higher again later on as we don't have any seller in this market .. if you are one of those late to market fund manager, ask yourself are you going to close your long positions now and to be looked like idiot next year ?

:D :D :D
 
Quote from galvinlee888:

Adding more LONG positions for this small pull back, my 2 cents is the market will move higher again later on as we don't have any seller in this market .. if you are one of those late to market fund manager, ask yourself are you going to close your long positions now and to be looked like idiot next year ?

:D :D :D

clever trade :cool:
 
Quote from brokenmarkets:

the fed like all market manipulators will see you don't mess with free market capitalism..all market manipulation backfires..

either the fed goes bankrupt propping this market or something worse.

steve jobs and page at apple and google don't need gov't supporting the market.and consumers don't need the fed causing oil prices to rise with QE.

fund managers with cash have to buy because fed is artificially keepign interest rates loow...bascially forced by the fed to buy commoditites and the market. it's gov't intervention of the free market. or gov't manipulation of the free market.

this gov't intervention in the free market hasn't occurred so bluntly before in previous recessions.


this market manipulation will backfire on the fed and the economy.

it's price correction not market crash.

prices fluctuate but these ponzi scheme participants don't seem to care.

the fed or some big boy is buying up all supply.

i mean one entity owns 40% of silver and 20% of oil.

2 guys own the stock market. go figure that out.

now if this isn't a rigged casino embezzlement operation and ponzi scheme i don't know what is.


As a trader you no need to care about this, the only thing to mind is to listen to what market tell u - now is it is UP and you have to LONG.

When all of these fake pump up run out of steam, then you can begin to SHORT ..

now is LONG time

:D :p :D
 
Quote from galvinlee888:

I know I am not that stupid - see the market now, it is UP again :D


Still holding my LONG positions, another good day :D

My 2 cents is the market will open flat or slightly lower tomorrow, but will move higher again later on, will keep my positions overnight.

:D :p :cool:
 
Quote from galvinlee888:

I know I am not that stupid - see the market now, it is UP again :D

you ain't gotta convince me! Im the most least suprised person in the world to see it nicely green again!
ES will always have a very strong upside bias in general.
 
Quote from i_c_fed_people:

you ain't gotta convince me! Im the most least suprised person in the world to see it nicely green again!
ES will always have a very strong upside bias in general.

LOL. I don't think i need to pursuade you, I am not selling any course or trading system here :D

I just load more LONG for this sudden pull back, the up trend not yet broken..

:p :D :cool:
 
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