War to threaten markets?

Seem like the Russian hostility of the georgian state is getting serious opposition in Europe. In my opinion if Russia continues we will see this war escalate into something the market will definitely have as negative.
I dont know what the Global economy would look like if we have a war in europe but it can't be good.

Lets pray for PEACE


PEACE ON EARTH


MARKETJEDI

Pin Action

Remember this friday is options expiration and we have pin action in play here. Don't trade if you dont have to.

TRADE CALL UPDATE: TWM

These are rocking from the monday call. They are up $2 here, if you like you can take off but I am riding this one

NICEEEEEEEEEE!

How about that SKF trade call long on monday????
entry was $110.50 now trading @ $129, almost 20% in two days.


Financials just got downgraded again including Goldman Sachs.

Wednesday

Hey guys and gals I am still taking my holiday but thought I would buzz in and talk about the markets here. Presently we have the most important sector in my opinion the financials in a complete unraveling. Why dont anyone see that everytime they say this sector is bottoming it get smacked down to reality. Look at GS yesterday folks, totally crushed and I think they will have a hard time in the future making the huge profits they have been used to.
I still think FNM and FRE goes to $2, mark it down. The FED CAN'T save that one -THAT'S JUST REALITY-. All those fund managers buying citibank, wachovia etc GOOD LUCK!!!. I mean if they think this is close to the bottom well I guess I will miss it here as I DON'T believe we are at the bottom.
Folks this is my prediction here and now. the S&P WILL SEE 1180 before the elections. If we don't I will eat my dog's poo and broadcast it on YOU TUBE :) NOT. Seriously though you wont see me do it because we going to hit 1180's before the election.


STAY TUNED FOLKS going to have something set up here very soon that everyone can get involved in and make money, just tell your family and friends!!!!!!!!!!!!!!



MARKETJEDI

Pattern

I have noticed a pattern these last week days. Two up days followed by a down day. Let me see how far this pullback comes in as this friday is options expiration not pushing anything here.

Emotions

Some times trading can be very emotional. Last week I spoke to many traders who said last week was their worst week in months. One guy who I know made 40k last month and lost 11k last week trying to figure out this crazy market.
I am glad I went away and cleared my mind because today proved to me that rest, patience and strict discipline is the only way to win in this career. I told myself I wouldn't trade and ended up trading futures today. I was down $2500 on my first 3 trades but ended +$4900 for the day by not panicking and sticking to discipline and observing strict stop discipline.
A $7500 turn around is not something to sneeze at in futures! not like I am trading huge volume. What I am trying to say here is - you will never have 100% winners, some days the market will just kill you to make you quit or make you find a new strategy or stick to your strategy. I hope most of my trading friends did well today and not let last week roller coaster market get them out.
Olympics are on folks and sorry I am a HUGE Olympics and world cup soccer fan so sorry if the entries on the blog are few...