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Very bullish buy opp today this morning
- Thread starter stock_trad3r
- Start date
Quote from stock_trad3r:
Yup nasdaq went green
predicting the direction indexes is pretty easy to do
We are only setting up the the next leg of the mega rally with the nasdaq eventually peaking at around 7000 by 2008-2010
7000-8000? LOL ... you've not been around very long. Then again you're the guy who only plays the long side.
werd the markets are easy to trade thesedays
this ain't may of 2006
this ain't may of 2006
Quote from DHOHHI:
7000-8000? LOL ... you've not been around very long. Then again you're the guy who only plays the long side.
It is very doable once the trading programs kick in the heard mentality gains control. No one wants to sit on the sidelines while others are making easy money in the market. Money will flow into the market at an exponential rate.
Quote from stock_trad3r:
It is very doable once the trading programs kick in the heard mentality gains control. No one wants to sit on the sidelines while others are making easy money in the market. Money will flow into the market at an exponential rate.
With all due respect I doubt you know the definition of "exponential". If you did you'd not have stated something so outlandish.
And 7000-8000 suggests a 190% to 230% gain in NAZ over the next 2 to 4 years.
Yeah, right! Go calculate what kind of annual gain that is and then re-think your hypothesis.
http://en.wikipedia.org/wiki/Exponential_growth
Anyway, do keep in mind that between Jan 1999 and Mar 2000 the nasdaq gained 3000 points going from 2000 to 5000. That was after the heard mentality kicked in and people put increasingly large sums of money into the markets. The same will happen again.
Anyway, do keep in mind that between Jan 1999 and Mar 2000 the nasdaq gained 3000 points going from 2000 to 5000. That was after the heard mentality kicked in and people put increasingly large sums of money into the markets. The same will happen again.
Quote from stock_trad3r:
http://en.wikipedia.org/wiki/Exponential_growth
Anyway, do keep in mind that between Jan 1999 and Mar 2000 the nasdaq gained 3000 points going from 2000 to 5000. That was after the heard mentality kicked in and people put increasingly large sums of money into the markets. The same will happen again.
Name the next catalyst that is going to take the nasdaq from where it is now back to 5000+ within 2 years. The internet and all the hype behind it is what gave the nasdaq its run to 5000+.
Quote from S2007S:
Name the next catalyst that is going to take the nasdaq from where it is now back to 5000+ within 2 years. The internet and all the hype behind it is what gave the nasdaq its run to 5000+.
M3 Liquidity Injections....
http://www.newyorkfed.org/markets/omo/dmm/temp.cfm
thats all its been in the last 3-4 months.
The guy on Etfdigest.com has been saying the same thing for months. Sad that many people arent noticing that it is taking plenty of M3 injections to keep this market where it is. Without the injections the market would be lucky to be trading north of 11700+
Quote from stock_trad3r:
http://en.wikipedia.org/wiki/Exponential_growth
Anyway, do keep in mind that between Jan 1999 and Mar 2000 the nasdaq gained 3000 points going from 2000 to 5000. That was after the heard mentality kicked in and people put increasingly large sums of money into the markets. The same will happen again.
And those people who bought INTC at $75, CSCO at $70+, SUNW at $60, all the other inflated techs and all the dot.com bombs are still licking their wounds. They've lost a lot of $$$ buying any/all of the above at such irrational prices.
Seeing as how we're not even 50% of the way back to NAZ 5000 (almost 7 years after the bubble) suggests that your 7000-8000 target is way beyond any reality.