Who's stupid enough to be shorting these levels?
- Thread starter athlonmank8
- Start date
I love it how Obama has been in power for a few months and suddenly it's all his fault! Let's hear a big cheer for all the retards who voted for dubya. Not that any of this is his fault of course!
We can all give our opinions and have "educated" views but we're all really just guessing... whoever is long or short at this point is gambling they are right and that there is either a lot more downside or that we are at a possible short term bottom that may develop into something bigger on the upside.
I simply trade the trends as best I can and try to catch chunks of medium term swings when I can (in whatever preferred market I prefer... forex is my preference) and I get chopped when the markets are sideways. Inevitable for the way I trade.
Even though I have no positions in the stock market... based on the indices I'd be short because that's where everything is pointing. When the market makes a legitimate turn then it's time to go long... until then you are guessing and trying to pick a bottom... do so at your own risk and hopefully with tight stops as part of a system that can actually succeed at picking bottoms consistently.
As to whether it's officially a bear market. I think all those famous definitions... 20% off highs, 50% off highs etc... are all just simple guidelines and there's no red/green light that says "bear" or a "bull" market. Use simple common sense and look at the trends and it becomes pretty clear what direction we have been going recently.
When I or anyone else can make money by selling higher and buying lower then I really don't care if the index/fx cross/bond/option/future is in a bear market or not... simply trade and don't get wrapped up in media hype and propaganda from those who haven't a clue about trading or advice from sages and gurus who likely talk so much because they can't actually trade profitably.
I simply trade the trends as best I can and try to catch chunks of medium term swings when I can (in whatever preferred market I prefer... forex is my preference) and I get chopped when the markets are sideways. Inevitable for the way I trade.
Even though I have no positions in the stock market... based on the indices I'd be short because that's where everything is pointing. When the market makes a legitimate turn then it's time to go long... until then you are guessing and trying to pick a bottom... do so at your own risk and hopefully with tight stops as part of a system that can actually succeed at picking bottoms consistently.
As to whether it's officially a bear market. I think all those famous definitions... 20% off highs, 50% off highs etc... are all just simple guidelines and there's no red/green light that says "bear" or a "bull" market. Use simple common sense and look at the trends and it becomes pretty clear what direction we have been going recently.
When I or anyone else can make money by selling higher and buying lower then I really don't care if the index/fx cross/bond/option/future is in a bear market or not... simply trade and don't get wrapped up in media hype and propaganda from those who haven't a clue about trading or advice from sages and gurus who likely talk so much because they can't actually trade profitably.
Dow +90 so far.....
Alright! But the "pain train" is coming....
CHOOOO CHOOOO
lol you guys need to relax. I'm taking a gamble here too. But if we break the lows from yesterday I admit defeat and will take my losses and regroup 
.
I'm may be wrong, but im not an idiot.
But seriously....as for the "bear market" definition. I never understood the rationale for 20%. There's plenty of stocks that retrace 20% and would never be considered in a "bear market". I know indexes and individual securities are different, but 20% isn't even a Fib.
However. I think of it like this. Support exists in the UPPER xth quartile of the stock. Anything below that is bearish (no support) livermore would short the hell out of it.
However when you're caught up in definitions (like many of us are) a "bear market" would be less than 50% of the full move and a "bull market" would be the upper 50%. Like a glass half full/half empty.
I want to know what "economist" came up with this bear market definition and what his rationale is for it. I'm sure it isn't technical.
Do I trade off the "bull market"/"bear market definition"? HELL NO
.I'm may be wrong, but im not an idiot.
But seriously....as for the "bear market" definition. I never understood the rationale for 20%. There's plenty of stocks that retrace 20% and would never be considered in a "bear market". I know indexes and individual securities are different, but 20% isn't even a Fib.
However. I think of it like this. Support exists in the UPPER xth quartile of the stock. Anything below that is bearish (no support) livermore would short the hell out of it.
However when you're caught up in definitions (like many of us are) a "bear market" would be less than 50% of the full move and a "bull market" would be the upper 50%. Like a glass half full/half empty.
I want to know what "economist" came up with this bear market definition and what his rationale is for it. I'm sure it isn't technical.
Do I trade off the "bull market"/"bear market definition"? HELL NO
]
You guys are hilarious.......
Yeah and Livermore never used the words "bear market" or "bull market" either like one of the other clowns on here. I consider the term so retarded i make up my own definitions for it.
You guys are hilarious.......
Yeah and Livermore never used the words "bear market" or "bull market" either like one of the other clowns on here. I consider the term so retarded i make up my own definitions for it.
Dow +200. Comon guys. You were so vocal yesterday.
Only crickets now. Just like my recession post a few years ago.
I like ice cream.
Only crickets now. Just like my recession post a few years ago.
I like ice cream.