What the F#@&

Wayne Gibbous · Jul 24, 2008

Quote from eagle:

Why it hates me?

Landis82 · Jul 25, 2008

Quote from MrDODGE:

I bet you believe aliens are going to attack you while you sleep and suck your brains out your ass.

That is about the same as thinking today's move was due to correcting off a techincal level.

Funny how you refer to a technical "level" yet you have no idea due to your "smoke and mirrors" fundamental mentality . . . as if you would know where a technical "level" was in the first place!

Landis82 · Jul 25, 2008

Quote from MrDODGE:

The market is going down because of the bad economic news that was released this morning.

And according to your logic, the surprisingly strong durable goods orders for June, +0.8% ( +2% excluding transportation orders ) should have rallied the market sharply.

Didn't happen.
So much for trading off of strong economic news.
:eek:

MrDODGE · Jul 25, 2008

Quote from Landis82:

And according to your logic, the surprisingly strong durable goods orders for June, +0.8% ( +2% excluding transportation orders ) should have rallied the market sharply.

Didn't happen.
So much for trading off of strong economic news.
:eek:

Take out national defense and the number doesn't look great.

Do more research before trying to prove someone wrong.

Landis82 · Jul 25, 2008

Quote from MrDODGE:

Take out national defense and the number doesn't look great.

Do more research before trying to prove someone wrong.

Your an idiot.
Where is the proof?

Right here . . .

"Non-Defense capital goods excluding aircraft, viewed as a barometer of business spending jumped 1.4%"

http://biz.yahoo.com/rb/080725/usa_economy_durables.html

womblevader · Jul 25, 2008

Please correct me if I am wrong but my understanding of technical levels are:

1. A level that with the benefit of hindsight accurately predicted the markets direction

2. A level that when applied prospectively has no greater statistical chance of predicting market direction than a randomly chosen level.

Cheers

PS If anyone really knew what was going to happen [even once] they would be rich beyond there wildest dreams.... Keep posting the comedy guys.

Lucrum · Jul 25, 2008

I'm sitting here shaking my head.

Wondering how yet another "What the F#@&", "I'm losing money being on the wrong side of the market and I don't know why" thread has morphed into yet another argument over the perception/interpretation of an economic number, the value of which, most day traders wouldn't give two shits about.

Deadwood · Jul 25, 2008

Quote from womblevader:

Please correct me if I am wrong but my understanding of technical levels are:

1. A level that with the benefit of hindsight accurately predicted the markets direction

2. A level that when applied prospectively has no greater statistical chance of predicting market direction than a randomly chosen level.

Cheers

PS If anyone really knew what was going to happen [even once] they would be rich beyond there wildest dreams.... Keep posting the comedy guys.

Everything you said is wrong, but I'm not going to correct you because I couldn't give two shits whether you understand this stuff or not.

Landis82 · Jul 26, 2008

Quote from Deadwood:

Everything you said is wrong, but I'm not going to correct you because I couldn't give two shits whether you understand this stuff or not.

Perhaps he can run into Paul Tudor Jones someday and learn a thing or two . . .