So I just watched fast money and reading a couple sites and blogs online and all these people crack me up. These guys were so bullish yesterday and looking for longs now after today's action they all singing for shorts, :) what is the story ??? :). This is hilarious. No one has a clue they just guess and HOPE they are right. I dont HOPE, it is just a four letter word just like the F word :)
These are the same people telling you to buy stocks and HOPE they go up , oh ok have fun doing that and tell me how you doing or have been doing, crazy.
I hope I wake up tomorrow and see my lawn growing money :)
I hope I never get sick again :)
I hope I can travel to every country on this earth :)
I hope I can have a unicorn as a pet :)
I hope I can find the keys to my Ferrari :)
I hope the bank finds my Billions I told them I have at my account there :)
Yep HOPE is something for the weak. DO or DO NOT!!! no hope, just like they hope for peace in the middle east for years or hope for no famine, or hope for no more suffering. DO! or DO NOT! that's all it is about.
Now DO yourself a favor and learn and stop listening to the idiots like Cramer. I would tell you DO NOT watch CNBC but I do for the jokes and you should watch it for that alone too. Can you imagine the CEO of this Indian software firm was on CNBC like two months ago, now he is admitting 90% of the sales and cash is false. Way to go CNBC on excellence in reporting this great firm to your viewers months ago and I bet many invested in their stock because hey he is on CNBC :), now the stock is down 90% n a day, well done. CNBC and the rest of them deserve a cell beside Madoff, just unreal. Oh well who am I? I am just a POOR technical analyst!!!!!
MARKETJEDI.
P.S. I hope I have real Jedi powers. I will try them out tomorrow
Wednesday, January 7, 2009
Tomorrow
Tomorrow I am hoping to get some kind of retracement as we totally opened lower and headed south today. Number to watch if we go higher should be 920 then 924.50. Do we get there? maybe, maybe not but the best scenario tomorrow would be a gap up and then higher in this area then we test today's lows.
I hope that helps.
MARKETJEDI
I hope that helps.
MARKETJEDI
Prediction
Not a good one for most of you but 2009 will be a turning point down for the markets, not 2008. It will be 2016/2017 before the financial market market a substantial bottom and begin a true bullish phase. All of this is not hot air but from studies of cycles in the market.
Will this happen????
Will this happen . Yes that's 500 on the S&P before middle of 2010. possible 430 in the 2012-2013 timeframe
Market hopes dims
Short note tonight as I am going to bed early because I feel alittle sick. Today I noticed something and I just want to point it out. Today was the first day that Obama has come on tv and the market didn't rally! that's a sign about the reality the market tries to hide from.
Market believe Obama will save us and I am sorry folks, did you see the numbers this morning terrible and I believe the unemployment numbers on friday will be worst than expected too. For all those who are taking the state of the economy for granted and think we are in a bottoming process you are going to be very very sad when the DOW is around 4800 this year. You can all try and fight the trend but sorry you 401k will be wiped out, unemployment will be higher and we will be in the worst financial crisis in history PERIOD.
Layoffs are increasing at an alarming rate and the news is over China there is a slow civil unrest because workers are panicking because no work can be found. It is definitely going to get worst but the good think traders can make money in up or down markets yippppeeee.
Trade calls and blog mention items are rocking and I am telling you this tomorrow we will ROCK again.
I have a bunch of plays to make here right before Obama which are going to be killers and I expect February we will get some huge plays off the first days of him in office, we going to rock hard for 2009 but you need to be on board the plane so please get your tickets and I am only accepting first class :)
I am sending out a private trade call to a few people tonight who I have spoken to about a situation in the market via email or IM. You guys look out for it.
MARKETJEDI
Market believe Obama will save us and I am sorry folks, did you see the numbers this morning terrible and I believe the unemployment numbers on friday will be worst than expected too. For all those who are taking the state of the economy for granted and think we are in a bottoming process you are going to be very very sad when the DOW is around 4800 this year. You can all try and fight the trend but sorry you 401k will be wiped out, unemployment will be higher and we will be in the worst financial crisis in history PERIOD.
Layoffs are increasing at an alarming rate and the news is over China there is a slow civil unrest because workers are panicking because no work can be found. It is definitely going to get worst but the good think traders can make money in up or down markets yippppeeee.
Trade calls and blog mention items are rocking and I am telling you this tomorrow we will ROCK again.
I have a bunch of plays to make here right before Obama which are going to be killers and I expect February we will get some huge plays off the first days of him in office, we going to rock hard for 2009 but you need to be on board the plane so please get your tickets and I am only accepting first class :)
I am sending out a private trade call to a few people tonight who I have spoken to about a situation in the market via email or IM. You guys look out for it.
MARKETJEDI
Here is where the fun begins
Here the fun begins folks. January has always a barometer of the year in the market. The formula is whatever the market does in the first 6 days and consequently the first month is usually where the market goes in that year. Now where have we gone? NOWHERE. We are the exact level we ended Dec 31 2008, so we are flat.
So we have to carefully watch the rest of the month to see if we push high, lower or stay flat. Now remember we are going to get alittle off centered because of the Inauguration so we must take that into account.
We will soon see and already we have been DEAD on, where the market was/is going. We nailed today being a down day and we ended at the magic 904 level that was mentioned on the blog yesterday, HOW ACCURATE WE CAN GET, LEVEL AND DATE, oh well! secrets of the jedi force :)
Also DEATH to GS and DEATH to the infrastructure plays that were mentioned last night we called it!!!!
For those who don't believe in the blog and the opportunities it brings oh well, it is all here free to read and profit from. Today would have been a rocking day if you read the blog last night, totally ROCK.
Stay tuned for more....Lots more..........
So we have to carefully watch the rest of the month to see if we push high, lower or stay flat. Now remember we are going to get alittle off centered because of the Inauguration so we must take that into account.
We will soon see and already we have been DEAD on, where the market was/is going. We nailed today being a down day and we ended at the magic 904 level that was mentioned on the blog yesterday, HOW ACCURATE WE CAN GET, LEVEL AND DATE, oh well! secrets of the jedi force :)
Also DEATH to GS and DEATH to the infrastructure plays that were mentioned last night we called it!!!!
For those who don't believe in the blog and the opportunities it brings oh well, it is all here free to read and profit from. Today would have been a rocking day if you read the blog last night, totally ROCK.
Stay tuned for more....Lots more..........
904
904 just hit - said that would be the downside target for today- MAN BLOG ON FIRE. This is how we do it .
BYE BYE GS now +$6 in a day.
BYE BYE GS now +$6 in a day.
Wednesday Morning
Well we are down pre market on the news from ADP and lower employment and Intel's disappoint pre earnings report. As I wrote in last night notes 922 was important in the overnight session and we broke it this morning in the overnight session, BANG on spot again. Now watch that 904 mentioned on the downside, too much complacency here folks don't get caught up in it.
MARKETJEDI
MARKETJEDI
Important to Note
We have not touched the weekly pivot this week yet. Currently @904 on the S&P. I expect us to touch this tomorrow or thursday so look for a down day somewhere here. I also have an upside target of 952 which is still validated by the charts.
MARKETJEDI
MARKETJEDI
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