Re-Testing old lows...back to Nov 24th...new target is 650 for the S&P
- Thread starter Port1385
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Quote from AMT4SWA:
It is a very simple common sense aspect of basic life.......NEVER marry a LOSER! :eek:
SELLING recent rallies has worked AGAIN.......Stay SHORT and Stay OFTEN!
Works again, and again, and again.......the globalist's are not yet done with their planned wealth transfers!!! :eek:
"Global (wealth transfer) Games 2009" is just starting!!! :eek:
strong 50 point bounce ito the close
dow only down 125 points
not a big deal
dow only down 125 points
not a big deal
The Tim Geitner gains made on November 21st and 24 are still holding. The dow closed at 8470, so 1000 points of gains are locked in. The volume thus far is very light, so it appears we're just forming a long term base. True, the dow may be down 4 days in a row, but it isn't a bearish signal if you read the charts properly.
Were you reading the charts properly when you went long several stocks and held for losses in excess of 50%?
Who gives a shit if your silly gains are holding. Don't you get it? The market is heading lower. Day after day. If I had listened to you (fat chance) four days ago when you were screaming buy all over these forums, I'd be down what? You do the math, bozo.
Instead, I went and got some BGZ at 54.50, because you're one hell of a contrarian indicator.
More like a trading range. The dow is at the same price it was on Oct. 10th.
You can see a similar pattern back in June 2002-April 2003:
Even if the dow falls to 8000 there is solid support.
[italics mine]
Well yes and no. Yes, if you consider "making money" as having more dollars than you had before, and no if making money means you have more buying power than you had before.
The market will be buoyed up by rampant inflation once this initial deflationary period is past. The US is not a nation of savers like Japan, but rather a nation of spenders and borrowers. And borrowers hate deflation, and will drop money from crop dusters if that's what it takes to prevent deflation. The US markets, being denominated in USD, as they are, will inflate right along with the currency. Will there be much real value created? That's another question entirely.
Much of corporate earnings gains and the markets gain in absolute dollars since the 1980's has been due to inflation rather than productivity increases. I don't see any indication, so far, that that will change going forward.
Quote from stock_trad3r:
More like a trading range. The dow is at the same price it was on Oct. 10th.
You can see a similar pattern back in June 2002-April 2003:
Even if the dow falls to 8000 there is solid support.
I almost cry laughing when Stktrder 3 posts...it nearly touches the absurd
Quote, "The Dow is near its same price on Oct 10th" unquote....which means what?
In reality, when we cannot compare basic historic economic relapses...we get the quote..., quote " You can see a similar pattern back in June 2002-April 2003"unquote ....WTF has that got do with anything today?
Then to cover his arse we see the next pearl of wisdom...quote, " Even if the Dow falls to 8000 there is solid support",unquote...
He is basically assuming the Dow is going to drop to 8000...Why ? When so positive of the future to even suggest the Dow may go lower?
He is lost.
I feel sorry for the guy , because he has to be an imbecile.