The Rally Since 1PM . . .

[S2007S]

Quote from makloda:

Then just load up with double short ETFs. All the way. You'll make a fortune.

will do, bought DUG today

next buys

DXD under 55
FXP under 80
SDS under 59
TWM under 77

still quite far away but we all know that sometimes the bulls can push the markets up for weeks or even months at a time like we saw in 2007, but we all know the bull market is done and that the bear is back, so any huge 5-7% rallies will be of course shorted with plenty of inverse funds.....

 

[MKTrader]

Let's see...it's not a double bottom because...

The Fed stepped in? Do yourself a favor and mark all the big Fed surprises on 10 to 15 years of S&P or Dow charts. You'll be amazed how many double-bottoms and huge up candles the Fed caused. And you know what? Many of these ended serious corrections or caused multi-week rallies during bear markets.

If you're good, you can pick out the turning point of the 1998 decline. Guess what? It occured on a day with a surprise Fed rate cut.

Quote from S2007S:

Got the test yesterday?? today would have been the test but the federal reserve stepped in. Im going to say that it WAS NOT A DOUBLE bottom, if the federal reserve didnt step in and we had a 300+ point rally then I would say maybe that was the test, but Im going to say the bottom is not in yet and that the markets will touch 52 week lows again. Sell any rallie, we have seen this time and time again.....

 

[Landis82]

Quote from S2007S:

. . . but we all know the bull market is done and that the bear is back, so any huge 5-7% rallies will be of course shorted with plenty of inverse funds.....

With all due respect, you are truly a moron.

Moreover, your ability to "rationalize" yourself away from catching rallies in the market is second to none. Do us ALL a favor and stop posting in the Trader's Forum. You obviously are NOT a TRADER.

 

[Aaron Copland]

Quote from stock_trad3r:

That is a LOOOONG candle

i don't think we'll be retesting lows anytime soon..lol


and keep in mind the fed didn't even cut today. When he does cut expect another 3%

Do you remember this double bottom? Just about the same time 7 years ago.

We never made a higher high, but we sure made a lower low.

Bottom line the jury is still out folks.

 

[S2007S]

Quote from Landis82:

That is why you are not a TRADER.

You say that you "want to buy . . . but can't" so you find a way to RATIONALIZE why you are being left on the sidelines.

Do us all a favor and just get lost.
Go back to class and stop frequenting these boards when you should be doing your homework.

why so bitter landis, no need to be on a day where probably 98% of traders made money....

someone is angry, all i know is my portfolio is up about 1.5% today.....

Im not being left anywhere, I do hold plenty of other positions, my portfolio is usually 50-70% stocks and the rest in cash, the cash is what is what I daytrade with.

 

[Aaron Copland]

Quote from Landis82:

See the above post by "MKTrader" in order to be truly educated.

Until then, you might wish to observe the markets for awhile before making such naive posts. Markets can make bottoms not only based upon price, but also based on time . . .

Landis your clueless, I bet you’re a wave and Fibonacci trader right. So are you calling this the bottom if so just say it, speak up.

 

[Landis82]

Quote from Aaron Copland:

Do you remember this double bottom? Just about the same time 7 years ago.

We never made a higher high, but we sure made a lower low.

Bottom line the jury is still out folks.

Most traders that I know would love to catch a 220 point surge in the S&P.

I guess for you, you'd rather play the "naysayer" and sit on the sidelines holding your "herman" playing "could have, would have, should have . . ."

 

[S2007S]

Quote from MKTrader:

Let's see...it's not a double bottom because...

The Fed stepped in? Do yourself a favor and mark all the big Fed surprises on 10 to 15 years of S&P or Dow charts. You'll be amazed how many double-bottoms and huge up candles the Fed caused. And you know what? Many of these ended serious corrections or caused multi-week rallies during bear markets.

If you're good, you can pick out the turning point of the 1998 decline. Guess what? It occured on a day with a surprise Fed rate cut.

I will say it again, its not a bottom because the fed stepped in, I will repeat that 10000's times if I have to, I dont care about the fed surprises, the fed has been throwing surprises at this market since the middle of 2007 and guess what, nothing has happened, but more credit problems. I dont care how far they go, the credit problems are still here, one 400 point gain doesnt make everything better nor do the rate cuts expected at the march 18th meeting. The bottom is not in, expect more downside, this is a bear market now, say goodbye to the bull for at least another 2 years.

 

[S2007S]

Quote from Aaron Copland:

Landis your clueless, I bet you’re a wave and Fibonacci trader right. So are you calling this the bottom if so just say it, speak up.

he is a wave and Fibonacci trader, I remember when the dow and nasdaq were in bull mode in mid to late 2007 and he mentioned how higher it was going based on technicals, man was he wrong.

 

[Landis82]

Quote from S2007S:

why so bitter landis, no need to be on a day where probably 98% of traders made money....

someone is angry, all i know is my portfolio is up about 1.5% today.....

Im not being left anywhere, I do hold plenty of other positions, my portfolio is usually 50-70% stocks and the rest in cash, the cash is what is what I daytrade with.

Not bitter at all.

But you seem to have no problem appearing in a "Trader's Forum" and continually banging the drum of the Bear when you clearly do not TRADE for a living.

Today's rally was a TRADER'S DREAM!!!

And yet you admittedly couldn't get yourself to buy into it because you rationalized your way into thinking otherwise.

Trader's do not rationalize the direction of the market. They go with it!

For some unknown reason, you fail to embrace this key concept.