Sell All Rallies 8-12-2008

[makloda]

Quote from S2007S:
Do you actually think QCOM GOOG MSFT AAPL RIMM or any tech will take the NDX back to new highs, I highly doubt anytime soon.

What if you're wrong? You will average in all the way up? Of course you will.

 

[Landis82]

Quote from S2007S:

Still averaged in at $42,

Do you actually think

QCOM
GOOG
MSFT
AAPL
RIMM or any tech will take the NDX back to new highs, I highly doubt anytime soon. And im not expecting another bubble in the nasdaq until something as big as the internet comes along, until then the nasdaq will trade sideways for another 5-10 years. There is a major slowdown in our economy and if you think tech can weather this crazy storm you have to be a fool.

Actually, you are the FOOL my friend.
You have no idea what you are doing.

Clearly you have never looked at a chart of the QID . . . And you keep talking about a "slowdown" in the Economy, yet the NDX never made a new low when the SPX traded down to 1200.44

Like I said before . . . You have no idea what you are doing. Why else would anyone be SHORT the strongest index on the board?

Good Luck.

QID = 38.72

 

[ProfAlpha]

Quote from makloda:

What if you're wrong? You will average in all the way up? Of course you will.

Excuse me but I couldn’t help but notice how you and Landis are always posting together. Do you work from the same desk?

 

[Landis82]

Crude continuing to break -3.30 and DOLLAR RALLYING HARD . . . FXE at 148.00

Why are we rallying like this?
The American economy is horrible!
Where is the catalyst???
Olympic Year??

USA!
USA!
USA!

 

[crgarcia]

Quote from Landis82:

Crude continuing to break -3.30 and DOLLAR RALLYING HARD . . . FXE at 148.00

Why are we rallying like this?
The American economy is horrible!
Where is the catalyst???
Olympic Year??

USA!
USA!
USA!

The worst is over.

 

[makloda]

Quote from ProfAlpha:Excuse me but I couldn’t help but notice how you and Landis are always posting together. Do you work from the same desk?

Almost. We both attend the same college in the day and share a 386 dorm room PC, that's why.

 

[nassau]

Quote from Landis82:

Crude continuing to break -3.30 and DOLLAR RALLYING HARD . . . FXE at 148.00

Why are we rallying like this?
The American economy is horrible!
Where is the catalyst???
Olympic Year??

USA!
USA!
USA!

short squeezing of stocks and futures help the large position holders to exit while being able to maintain a current desired bid/ask
it is options expiry wk
light volume
the market climbs a wall of worry.

you can pick what ever you want, the truth is that all indicators work only imo when a stock, future, currency etc are trading in a range...we will never know the agenda

yesterday is an example....oil jumps 5 dollars and the market rallies back to it highs or higher.
this volitility is great for intraday swing trades
but from what I know of American history and from my US associates ...the US has never let the economy turn into a recession the year of an election...thus all the fed and regulatory intervention imo

w

 

[S2007S]

Quote from nassau:


but from what I know of American history and from my US associates ...the US has never let the economy turn into a recession the year of an election...thus all the fed and regulatory intervention imo

w

Sorry to say but this election year is different from the rest of them, this election year there is a recession. Were in a full blown recession right now.

 

[Landis82]

Quote from S2007S:

Sorry to say but this election year is different from the rest of them, this election year there is a recession. Were in a full blown recession right now.

And what does that have to do with the QID now in the 38 handle???
:eek:

 

[makloda]

Quote from S2007S:
Sorry to say but this election year is different from the rest of them, this election year there is a recession. Were in a full blown recession right now.

And yet the economically sensitive US small caps in the Russell 2000 are off by a mere 2% YTD. Doesn't quite fit with your 'the sky is falling' theory now, does it?