The time 2 buy is now big rally coming

Quote from lilduckling:

MARKET GOES HIGHER BEFORE END OF THIS WEEK!! :mad: :)

(i mean higher then what it is now, not a new high)
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only thing that can keep this rally sustained for the rest of the week is a broad rally across the asian markets tonight and job numbers that have to look just perfect. Also pay attention to the Beige book tomorrow afternoon.
 
cramer said the financials have bottomed.....cnbc talks as if there should be no such thing as a down day for the markets. The show On the Money now has panel discussions on how to trade around this "market collapse".
 
Quote from lauriston:

if you are investing for long term, this could be a good time to buy. but if trading, you could buy here for a short-term swing, but volatility is high and next few days/weeks will be a roller coaster ride up and down http://lauristonletter.blogspot.com/
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Um it isnt very good forum edicate too drop links to your cruddy blog in each of your posts. There are better ways to promote your blog without spam such as using PPC advertising, link exchanged and other methods.

Asside from that, buy and hold is a sold strategy at this point. Buy the dips and ride this out.
 
Quote from stock_trad3r:

Um it isnt very good forum edicate too drop links to your cruddy blog in each of your posts. There are better ways to promote your blog without spam such as using PPC advertising, link exchanged and other methods.

Asside from that, buy and hold is a sold strategy at this point. Buy the dips and ride this out.
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I have nothing to do with spam or advertising or link exchange or anything like that. I have a blog that is my trading diary and everytime I post something or share an idea, I sometimes like to my blog for more details if you are interested. You do not ever need to visit my blog. The only benefit I get is people sharing their ideas with me too. There is not a single ad or any commercial activity on my blog. Strictly personal and will remain like that until I close it. Stock market carnage is yet to come in next 3-4 months according to Goldman Sachs http://lauristonletter.blogspot.com/
 
I'm lost. I dont know whether to follow the fundamentals (which i dont understand) or the TA side.

When everything bounced the other day, should this be the time to buy (ready for a rally) or short the overall trend?

cm
 
Quote from stock_trad3r:

yesterdays selloff wasnt a big deal

no big news or anythign triggered it. Just pannick selling. The chinese gov said somethign but it wasnt a big deal at all.

The selling was the result of people deciding to take profits

Also every other indicator is positive and the nasdaq and dow will continue to rally much higher as if nothign happened.

The nasdaq should hit 2600 in a few months.

Terror under control

rates to remain stable for a long time

no bad news

corporate profits increasing as always

There will probaby be a 1% rally today easily and another 2% by end of week

Recommend

goog, ma, chap, tie, aapl, amr, rimm, bidu, gs
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nice calll once again !!


my hats off to ya$$
 
IMHO I think today is a "gap and crap" day based on the low volumes we saw in previous 3 trading sessions. Individual stock charts look like momentum is waning to upside also. I think closing today will be weak. As I noted yesterday, even Goldman Sachs has warned about next several months from "dead bodies" of carry traders. I mentioned this on my blog yesterday (this is not spam, but do not click unless you are interested in the comments: http://lauristonletter.blogspot.com/)

Any rallies going forward are going to be targets for shorting unless something fundamental changes in the global arena.
 
Quote from lauriston:

IMHO I think today is a "gap and crap" day based on the low volumes we saw in previous 3 trading sessions. Individual stock charts look like momentum is waning to upside also. I think closing today will be weak. As I noted yesterday, even Goldman Sachs has warned about next several months from "dead bodies" of carry traders. I mentioned this on my blog yesterday (this is not spam, but do not click unless you are interested in the comments: http://lauristonletter.blogspot.com/)

Any rallies going forward are going to be targets for shorting unless something fundamental changes in the global arena.
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um no..looks like the markets keep pushing higher today cause when I say its time 2 buy it usually is
 
<i>"um no..looks like the markets keep pushing higher today cause when I say its time 2 buy it usually is"</i>

Did you see the closing 30min of price action yesterday (Wednesday)?

Little early to guarantee the upside today. Two big air pockets below... think they're both breakaway gaps that will go unfilled forever?

We'll see.
 
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