This market is ridiculously high

volente_00


Registered: Nov 2002
Posts: 2819


08-23-06 02:46 AM




If you wanna make money, you have to be right.

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You have to be right about more your next trade, not about your OPINION of where the Market is going or its value.
 
Any Elliott Wave people on the boards?

One analyst I follow is saying the Dow only has 100 points left in it, and I think he draws his conclusions mostly from EWI.
 
Quote from 5Pillars:

http://www.charthub.com/images/2006/08/21/Untitled_1.png


Yes, the higher low on the 11th was a great hint at what was possible in the week ahead (too many SHORT's then also....everyone was bearish going into the CPI/PPI numbers). Monday was a great "gap-n-go" day and we have not looked back since! :)
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I thought the same thing. It feels like the shorts that trust the inflationary/housing refrain are waiting to be ground out of recent entries. I'd be most content if we swing back down to 1280 for one last test then lift off for more slow directional movement. Otherwise I'll just stick with the smaller choppy moves for now.
 
Johnny Cash sang it best in "I Walk the Line" Isn't that what we as traders do?
Long or Short :) Short or Long and the beat goes on
 
Volente, I am responding just to respond, not looking for a brawl here. the spoo went out @ 1295ish today..I'm sure you know what month comes after august...I see a downside of 1175ish with an upside of 1325..which way would you lay some wood on given a 3/1 rule? I am tired of fighting with you, but (my) own opionion is we go alot lower than higher. Add a caveat, has the mkt discounted the libs taking back both houses? I am in total agreemant that bush is a moron, but if the dems take back both? look out below (imho)
 
Quote from frank grimes:

Volente, I am responding just to respond, not looking for a brawl here. the spoo went out @ 1295ish today..I'm sure you know what month comes after august...I see a downside of 1175ish with an upside of 1325..which way would you lay some wood on given a 3/1 rule? I am tired of fighting with you, but (my) own opionion is we go alot lower than higher. Add a caveat, has the mkt discounted the libs taking back both houses? I am in total agreemant that bush is a moron, but if the dems take back both? look out below (imho)
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Check history Frank, the longest economic expanasion happened under a democrat president. The worst economic period happened under a republican president. Every or almost every bear market has happened under a republican president.

Do you really think this is just coincidence ?
 
Quote from volente_00:

Check history Frank, the longest economic expanasion happened under a democrat president. The worst economic period happened under a republican president. Every or almost every bear market has happened under a republican president.

Do you really think this is just coincidence ?
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YES
 
FDR and Jimmy Carter had some great years for our economy.....LOL


all political leaders are bought and paid for......do not even for a second think one side is better than the other. They slide in as needed to affect the desires of higher ups....the citizens have minimal control of anything any more.
 
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