Warning: The Next Wave Down Starts Now

Quote from jackstone54:

It depends on what your definition of "survived just fine" means exactly.

There are some Americans out there that have dreams and goals. Many folks that I knew were making more or just as much cash back around 2000 then they are right now. Since that time, their careers took a turn for the worse and their path has chopped about ever since...especially computer developers, programmers, etc.

The slope of progression was up, up, up through out the 90s and then everything sizzled out during the 00s.

People were paid decent salaries in the 90s and living was quite affordable. Houses were generally 150k and savings could be realized quite easily for the regular American.

However, in today's world there is a different story. Good paying jobs are hard to find and savings is just a dream. Most Americans are happy with the fact of saving nothing. There isnt much room for advancement in the job world and its a competitive battle to get ahead.

To some, this might not seem like the end of the world, but to a progressive goal-setting individual it is basically the end of the world. Its a reality that many are forced to accept each and everyday. Despite their hard work and diligence, there are many Americans who will not be realizing their dreams and simply spinning their wheels.

For the willing individual who values a college education, diligence and honest hard work, we might as well break out the tin-foil hats. In today's society, there seems little inclusion for such an individual who had perfectly fit in to America during the 80s-90s.

During the 80s-90s, I saw many new vehicles on the road and prosperity always seemed to be there. Lots of dreams were realized all the time with men like Michael Dell turning a cheap dorm room into a billion dollar operation. Now I see a roadway full of used junk vehicles and behind the wheel are sunken demoralized faces as they head to a thankless job each day or no job at all (unemployed). Business owners closing their doors and broken investors, broken homeowners now backwards on their loans.

This to me is what I call a horror, a shameful event and is truly the end of the world...
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So your saying the world ended a few years ago?!? You are in more dire need of prozac than any body I have ever met. You really seem to feel you are living in some post apocalyptic world the likes of which Stephen King might write about.
 
Quote from HolyGrail:

The market is not going anywhere meaningful without the financials. The most likely scenario is we test the 1400 area and fail, but no one really knows. All I know is we still have a bull trend, and my bullish% indicator is rising. As long as those two indcators hold I am looking to be long. If the trend breaks I will be looking for shorting opportunities because believe me, there will be plenty of them.
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Because of the financials' weighting on the major indices I expect the bullish % to continue to steadily climb as the averages lag. That's what's been happening for a few weeks.
 
Quote from HolyGrail:

The market is not going anywhere meaningful without the financials. The most likely scenario is we test the 1400 area and fail, but no one really knows. All I know is we still have a bull trend, and my bullish% indicator is rising. As long as those two indcators hold I am looking to be long. If the trend breaks I will be looking for shorting opportunities because believe me, there will be plenty of them.
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The double bottom still holds
 
Quote from BullAlert:

Because of the financials' weighting on the major indices I expect the bullish % to continue to steadily climb as the averages lag. That's what's been happening for a few weeks.
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Yep, we have been steadily climbing since January 25th.
 

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You can keep kidding yourself Holygrail and when your wrong, which you are, you will simply disappear from this thread like Stocktrader with your head between your legs.

Tommorrow, the doors to the conference rooms will be opened to reveal earnings much worse then expected.

Holygrail insists we are still in a bull market. One look at the chart and all we see is consistent lower lows and lower highs since October or about 7 months and a reduction in about 16% from the highs set in 2007.

Its guys like Holygrail that make websites like this ridiculous. Its hard to get real information when you got fools stating what a bull market it is, the bottom is in and then buy on the dip when the chart obviously shows something different.

A veteran experience trader? No a fool who thinks he can trade and looks in the mirror each day wondering and pointing and trying to convince himself that the bottom is in...

We wont get an apology episode from Holygrail once he is proven wrong by the swings of the market, but a sudden disappearing act from this thread.
 
Here is a video for you permabulls. Watch and learn.


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Anyone who uses Cramer as a credible source to back his claims and to try and make himself look knowledgeable has no business trading much less giving anyone trading advice. The guy talking at the first of the video discredits Cramer which is a good thing, but as far as relevance, the video is 6 months old. Anyway, how are you even here since by your own words the world ended a few years ago?

You have proven you have no clue what you are talking about. You have proven that you don't know how to read charts. You have claimed that terrorists will attack or a major natural disaster will happen soon. You claim the world ENDED after the dot com bust. Basically you have proven you have no sense of reality whatsoever. Psychologists have a word for people that have lost touch with reality...psychotic. Go get yourself some help before it's too late.
 
Quote from jackstone54:

You can keep kidding yourself Holygrail and when your wrong, which you are, you will simply disappear from this thread like Stocktrader with your head between your legs.

Tommorrow, the doors to the conference rooms will be opened to reveal earnings much worse then expected.

Holygrail insists we are still in a bull market. One look at the chart and all we see is consistent lower lows and lower highs since October or about 7 months and a reduction in about 16% from the highs set in 2007.

Its guys like Holygrail that make websites like this ridiculous. Its hard to get real information when you got fools stating what a bull market it is, the bottom is in and then buy on the dip when the chart obviously shows something different.

A veteran experience trader? No a fool who thinks he can trade and looks in the mirror each day wondering and pointing and trying to convince himself that the bottom is in...

We wont get an apology episode from Holygrail once he is proven wrong by the swings of the market, but a sudden disappearing act from this thread.
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There are a handful of lesser-known indicators that show the market to be at historically attractive levels right now, but I'm not telling you what they are. I'm hoping you just stay short and keep typing your essays.
 
Quote from jackstone54:

You can keep kidding yourself Holygrail and when your wrong, which you are, you will simply disappear from this thread like Stocktrader with your head between your legs.

Tommorrow, the doors to the conference rooms will be opened to reveal earnings much worse then expected.

Holygrail insists we are still in a bull market. One look at the chart and all we see is consistent lower lows and lower highs since October or about 7 months and a reduction in about 16% from the highs set in 2007.

Its guys like Holygrail that make websites like this ridiculous.
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Apparently you have no understanding of what I am saying. I posted a chart that clearly shows (based on P&F methodogy) that we are still in a 5 year bull trend.

It is CLEAR AND FACTUAL EVIDENCE. You come back with supposition, conjecture, and emotional garbage. You then conclude that it is guys like me that make this site ridiculous.:D Now that really is funny.

You are way too emotional to ever become a good trader. I would suggest a venue where emotionally delirious rants can pay off for you. Have you thought about working at Disneyworld?
 
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