Some facts about the market here-
1) 2008 we lost all the market gains of the last seven years.
2) 2009 starting off worse than 2008
3) Buy and hold died in 2007.
4) S&P traders believe we are heading lower, most saying 6000 on the DOW this year.
5) Hedge funds being outperformed by commodity funds
6) ETFs will be the main market trading vehicles in 5 years, rather than individual stocks.
7) Liquidity is quickly becoming a problem with less participants in the equity markets.
Wednesday, February 4, 2009
Tuesday, February 3, 2009
Monday, February 2, 2009
Okie Dokie
Okie dokie folks here is one for the road, it is almost 12 midnight and I have been reading and studying charts and this is my take:
There is a good shot we break the November lows BUT I am not calling for armageddon when we do because I think that level will bring in the buyers. At that level many will say we have confirmed a double bottom and possibly get a huge rally. Now this rally in my opinion will set up the mother of all shorting profits, YES IT WILL. I hope we rally to 10000 on the DOW and 1000 on the S&P as it will be the easiest money in your pocket shorting at those levels. I see some action and many talking heads changing to the bearish side and that's my clue that we will soon see some form of rally but I just think we want those November lows first.
We will see soon enough! if that scenario plays out it will reap huge rewards if you know how to trade and again if you are holding stuff in that 201k opps, 401k you better sell when we do bounce because we might never see those levels again for a long long time.
Stay Tuned
There is a good shot we break the November lows BUT I am not calling for armageddon when we do because I think that level will bring in the buyers. At that level many will say we have confirmed a double bottom and possibly get a huge rally. Now this rally in my opinion will set up the mother of all shorting profits, YES IT WILL. I hope we rally to 10000 on the DOW and 1000 on the S&P as it will be the easiest money in your pocket shorting at those levels. I see some action and many talking heads changing to the bearish side and that's my clue that we will soon see some form of rally but I just think we want those November lows first.
We will see soon enough! if that scenario plays out it will reap huge rewards if you know how to trade and again if you are holding stuff in that 201k opps, 401k you better sell when we do bounce because we might never see those levels again for a long long time.
Stay Tuned
Updates
Sorry for no updates today but today was a heavy paperwork day for me so I just watched from behind the scenes. I will be back tomorrow!
How about the game last night? pretty good game in my opinion.
Talk about this bad bank scenario not looking so good but I will catch up on some reading tonight with my technicals.
How about the game last night? pretty good game in my opinion.
Talk about this bad bank scenario not looking so good but I will catch up on some reading tonight with my technicals.
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