the trend is up, market has bottomed.

Originally posted by rs7

Let me offer a little advice...and not to put you down for celebrating....BUT...the truth is, you have to curb your enthusiasm as well as take your losers like a man (or woman). A professional never gets too high or too low. And NEVER gloats or bitches to other traders. Just my feeling about this. I understand you are probably trading alone. But it doesn't fly in a professional environment. Take this FWIW.
More...

Believe me, i have taken many losers in life. Probably as many if not more then the next person.

And I didn't gloat or bitch to another trader, I was just happy that I made some solid trades that went with me. And I don't think there is anything wrong with celebrating a solid trade and profits in the 'ol account.

If I offended anyone I'm sorry.
 
Originally posted by Runningbear
Hey bbraunstein,

You comments about the SOX leading the NASDAQ are true, but NASDAQ futures buy and sell signals can also be used to trade the S&P futures

If the NASDAQ takes out key daily support or resistance levels the S&P often follows a little later. So you can get better execution on the S&P by trading off the nasdaq signals. This is for trading swings, not day trading. You'd be surprised how often this allows you to enter at the top of a swing rather than once the movement has started.

Or to reduce noise you only trade a move that is confirmed in both markets. So if you're long the S&P and you get a sell signal on your NASDAQ swing system, you close out the position etc. This alone will put about 5% more trades in your favour.

Runningbear
More...

Hey thanks for the trading tip! I'll keep that in mind.:)

I try to keep things as simple as possible, but this is definitely simple enough for me to incorporate into my everyday strategy.

Thanks again!
 
Originally posted by vulture

actually, forget it, this is too damn depressing to keep writing...My initial point was just that there has probably never been a time in the history of financial markets in which stocks were plunging yet we did not have "inflation" as defined by the powers that be, and hence, did not have higher interest rates, which, by turn would mean that people would have an alternative to putting their money into a casino which pays no dividends...
More...

Well there was the Depression: Stocks were plunging, prices weren't just stagnant... they were declining... I'm not sure about dividends during the '30s, but I suspect that, generally speaking, they weren't very dependable, and, where dependable, adequately compensatory for the capital risk...

As for the '70s-'80s, the last time interest rates were very high, what's the use of a dividend or a high interest instrument when inflation is in double digits?

I'm not sure that I have any better handle on economics than you do, but I do know from history that virtually every period includes its own mind-numbing and often quite painful contradictions. Is there really anything relatively desirable from an investment standpoint in the high inflation, high unemployment, high interest rate, low real growth environment of the '70s and early '80s? Did capitalism (which still had an apparent great competitor around) really look to be in better shape then than it looks to be in now? More recently, back in the late '80s-early '90s, the US was seen to be clearly in decline, especially when compared to the outperforming vigor and overall excellence of Japan under its, ahem, triumphant industrial policy... And, needless to say, budget deficits were going to bankrupt us...

I don't mean to be a Polyanna... So, here's a nicely depressing take on the current economic situation that you might (or very well might not!) find interesting:

http://www.morganstanley.com/GEFdata/digests/latest-digest.html
 
sliding into abiss with an ever widening volatility lower lows and lower highs trend is down since jan 00 ..... down to can't say how low...6000 maybe.... that's my idea.... but I know you guys will make money on all the little ups on the way down. Its going in the crapper and I cant believe so many don't see it.

Well anyways think positive someone might pull a rabbit out of a hat and magic fix the economy.

Actually what we need right now is higher taxes because the gov isn't collecting as much money as last year...half a million jobs lost in the tech sector... multiply that times how much fed tax for each person avg..... how much money is that???
someone have a calculator??? is that over a million dollars?
 
Originally posted by bbraunstein


Believe me, i have taken many losers in life. Probably as many if not more then the next person.

And I didn't gloat or bitch to another trader, I was just happy that I made some solid trades that went with me. And I don't think there is anything wrong with celebrating a solid trade and profits in the 'ol account.

If I offended anyone I'm sorry.
More...

Braun,

Probelm is when you get euphoric or complacement over good shots you will undoubtedly get depressed or feel pain over bad shots, for this is the human condition... Best to keep a mind state that is not effected by external circumstances...

There is always a string of bad shots creeping around the corner...

"Smiles form the channels of future tears" ~Japanese Proverb~

At any rate nice to see you had solid trading day :) Keep up the good work!

PEACE and good trading,
Commisso
 
When did your charts stop working, my guess is late 99 earlier 2000. If the trend is up I don't know how I have been making so much money shorting stock the last two months. Wow, I am truly confused!:confused: :confused: :confused:
 
The volume on the NASDAQ comp today was 1.7 times the average volume. Wonder if it has any significance. Last Monday was 2 billion, previous Monday 1.6 billion, today was 3 billion.:eek:
 
Originally posted by Rigel
The volume on the NASDAQ comp today was 1.7 times the average volume. Wonder if it has any significance. Last Monday was 2 billion, previous Monday 1.6 billion, today was 3 billion.:eek:
More...

Maybe it's related to it being the first day of the quarter and second half of the year?
 
07-02-02 05:33 AM
Re: Can you say...."CETERIS PARIBUS"?

quote:
--------------------------------------------------------------------------------
Originally posted by Lavish
We are experiencing never (before) seen massive market manipulations that cloud the picture.
--------------------------------------------------------------------------------

(confused face)

Okay Commisso, here is my explanation. Having studied hundreds of balance sheets in numerous industries, I concluded that businesses hit a downturn in the second to third quarter of 1998. However, billions of dollars in profits were being reported that did not actually exist. These superperformers took the spotlight and falsely propped up the market. It was a fraud-- clouding the true picture. The fraud(s) are coming to light and causing a toll on the market that should have began in late 98 or early 99. Instead of a gradual decline the markets are hit more severely now along with the added element of distrust...not to mention all the unspecific terror warnings that are also taking a toll on investor sentiment. I'm just stating my opinion that these elements cloud the picture and Lundy's charts would not reflect this. In effect, his charts are correct imo, had all things been equal... this would be evident. I believe that from a balance sheet point of view the businesses have reached the turning point into the uptrend. And my intro was facetious, directed to the person that called Lundy "stupid."
 
You must log in or register to reply here.
Back
Top