US markets will close up today

[brokerboy]

So far the call is looking good. I still think market is headed down but for a daytrade it was an amazing call.

 

[EPrado]

Quote from myminitrading:

CPI is going to come in, in line watch you local gas prices they have been stable the whole month of May. CPI numbers are going to come in tame.

You might be right.....but I really think that will be the make or break event for the mkts this month.....a tame cpi would get the mkt heading north again....

 

[myminitrading]

Quote from smilingsynic:

Who care who said what.

Stop bickering, and make money already.

Good luck to all.

I heard that.

 

[smilingsynic]

Quote from FaderTrader:

Am I the only one who took Jim Cramer's discussion of the improbablility of midday rallies as an indication that one will occur soon (today)?

Mid-day rallies after a weak morning are reliable buys for a day trade, and mid-day selloffs after a strong morning are reliable sells for a daytrade (exit at close). You buy (and sell) at the point when you know Cramer is pulling the hair out of his Larry Fine because he is wrong (!) once again.

 

[myminitrading]

Quote from myminitrading:

I heard that.

I remember during the bear market of 2000-2003 the markets would sell off hard rally back cutting losses to almost nothing then in the last 30 minutes give up all the gains.

That was in a bear market though, IMO we are not in a bear market right now, DOW just went green.

 

[FaderTrader]

Quote from smilingsynic:

Mid-day rallies after a weak morning are reliable buys for a day trade, and mid-day selloffs after a strong morning are reliable sells for a daytrade (exit at close). You buy (and sell) at the point when you know Cramer is pulling the hair out of his Larry Fine because he is wrong (!) once again.

This comment is a bit midleading. I'm not sure I'd call a midday rally reliable after a weak morning, considering if you simply bought breakouts last month and marketed at close, you'd be up huge.

Your comments might be an example of two different strategies working for different reasons, but where do you get out if you're wrong and it keeps going? Seems highly sujective and prone to human error/judgement.

 

[mhashe]

Quote from myminitrading:

CPI is going to come in, in line watch you local gas prices they have been stable the whole month of May. CPI numbers are going to come in tame.

lol. You actually think these B.S. figures move the markets? the market is moved *before* the b.s. figures come out. The markets are'nt random at all.

 

[myminitrading]

I got my party hat out, I might have to put it back up if this last 30 minutes is 2002 all over again.

 

[FaderTrader]

Quote from myminitrading:

I got my party hat out, I might have to put it back up if this last 30 minutes is 2002 all over again.

I love it when luck masquerades as skill. How much did you pour into bottom picking before catching an actual move? Sutract that from today's gains and you have your real return - likely still net negative.

 

[myminitrading]

Quote from FaderTrader:

I love it when luck masquerades as skill. How much did you pour into bottom picking before catching an actual move? Sutract that from today's gains and you have your real return - likely still net negative.

Go to my journal, I post all my trades their, cry baby!