Todays massive up move in the market

[toc]

Tell that to average Joe who has no job and does not know what exactly stock market is although might have heard about it somewhere. Obama could not do much to bring unemployment rates down, so that does not impress.

Obama is also Black, so he can turn mountains and rivers but will still be a one term president. That's much more easy to figure out ;-)

 

[flipside21]

Quote from bonds:

Bad economic news out of Japan, Nikkei down over 2.5%

Okay, but stocks were susceptible to going down on bad news because there was no explicit QE3 hinted at today.

 

[Kevmeister]

Quote from bonds:

so i should totally not pay attention to the economy and economic news (noise) and instead focus on my lucky coin (tape action)

That is correct.

 

[athlonmank8]

Seriously? After a move down like that you don't expect some sort of fade?

 

[bonds]

Quote from athlonmank8:

Seriously? After a move down like that you don't expect some sort of fade?

Well obviously there would be some, but I wouldnt expect the deadcat bounce on absolutely no news and small volume to be more than the drop on bad news out of China, Europe, and US unemployment report on very heavy volume. 270 pt down day vs a 290 pt up day. I was surprised by how easily it was able to go back up on nothing.

 

[tradingjournals]

Quote from bonds:

I was surprised by how easily it was able to go back up on nothing.

How did you prove that it was able to go backup on nothing (the word that needs prove is the word nothing)?

 

[bonds]

Quote from toc:

Tell that to average Joe who has no job and does not know what exactly stock market is although might have heard about it somewhere. Obama could not do much to bring unemployment rates down, so that does not impress.

Obama is also Black, so he can turn mountains and rivers but will still be a one term president. That's much more easy to figure out ;-)

The average Joe needs to stop listening to reality and start watching CNBC to see how great our economy is doing! The stock market cant stop going up things must be great!

 

[tradingjournals]

Quote from flipside21:

Talk about a delayed reaction. SPX futures now -5.8 pts in after hours.

How up is it now? They got you in theory, and I hope they did not in real cash!

 

[tradingjournals]

Quote from bonds:

The average Joe needs to stop listening to reality and start watching CNBC to see how great our economy is doing! The stock market cant stop going up things must be great!

If I can ask this question, do you think the market should be trading below Monday's low? If yes why, and if no why?

 

[Lucrum]

Quote from tradingjournals:

How up is it now? They got you in theory, and I hope they did not in real cash!

Speaking of real cash. How about that $100 journal of yours?


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