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Rank: Advanced Member
Joined: 6/15/2008
Posts: 240
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likesmoney:
Unless there's dramatic news, I agree we should be flat and bounce after Tuesday because the market likes when unresolved issues are known. How long we will climb is the question before we go lower.
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Rank: Newbie
Joined: 11/6/2008
Posts: 3
Location: usa
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stockman wrote: likesmoney:
Unless there's dramatic news, I agree we should be flat and bounce after Tuesday because the market likes when unresolved issues are known. How long we will climb is the question before we go lower. stockman, i would certainly have agreed with you on all of that and been wrong right along with ya LOL--- at this point i think we range DOW from 8k-10k until january, then some serious volatility and april is when we see the real southbound firestorm start again
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Rank: Advanced Member
Joined: 6/15/2008
Posts: 240
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purple:
If only I could see into the future, I would be richer than Buffett and I could also solve all the world problems. Not sure which one I would work on first. I did get one thing right: we will go lower.
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Rank: Newbie
Joined: 10/17/2008
Posts: 9
Location: Buford GA
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I think today is key to hold 900 on the S&P. If we don't, I think we go to around 830. I believe if we get through Nov 15th without making new lows then we stay in a big trading range (900-1040max on the S&P) for several months. I am still bearish through the spring of 09 and expect either a new low or re-test around March. If the auto industry merges or defaults we can hold on to our shorts, no pun intended...
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Rank: Advanced Member
Joined: 6/15/2008
Posts: 240
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Rank: Advanced Member
Joined: 8/14/2008
Posts: 314
Location: Memphis
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It looks like we are heading lower again. There is a support level at 8500, and if that fails there are a few other smaller support levels but my overall feeling is the Dow is headed for the lower Bollinger Band to test the 8143. level of support.
Happy Trading,
zz
 www.stock-market-lessons.com
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Rank: Advanced Member
Joined: 6/15/2008
Posts: 240
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ZZ has a dynamite analysis of the market in the next few days here: http://finviz.com/forum/yaf_postsm1393_Chart-Analysis-of-the-DOW.aspx#1393 This is my interpretation and how I'm going to use this insightful explanation: I'm not sure if you understand what ZZ said so I will summarize in my own words. Capitulation means panic selling on heavy volume with investors watching and believing the end of the world is upon us and they sell at any price to get out and save whatever money they have left. There are also different sell mechanisms that people have put in the system and as the market goes down, additional stock sells as the prices go lower because people don't want to lose anymore than the sell price they specified. As the market goes lower, there are other investors who see lower prices and buy and there are buy orders in the system to have the computer buy at certain lower prices. Capitulation gets the sellers to sell until there theoretically there are no more. What happened at Dow 7773 on October 10, the market turned up after a huge, fast decline and anyone that bought stocks and /or bull etf's made a lot of money as the market went higher. A slow decline is not capitulation so I plan to buy more bears as the market declines slowly to add to my current bears. If it is goes below the previous low, there's a chance we will go much lower and I will buy more bears. Fast Money tonight expects a down opening and late morning reversal up. Bull etf''s to buy would be, in my opinion, are the biggest declines for the month because they are the opposite of the bear etf's that I own. If you need help to find, go to the beginning of my "looks like we are going lower" in stock tips and sort for all red. Be very careful because some of those are doubles so they move fast and if your timing is wrong, you will lose a lot of money fast if you buy too early or too late. You will need to be at the computer to judge the direction,speed, and momentum of the market. This is a vicious market and in the last few days, I have been up and down by large amounts. I sold some bears yesterday as the market rallied to stem huge losses which would've turned into huge gains today if I still owned. I semi- know what I am doing and still get it wrong. I had a large loss a few days ago and wondered why I'm doing this, but I held on to them cringing as the value went lower. The rest of the story is a bunch of declining days that brought me into the green again.
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Rank: Advanced Member
Joined: 6/15/2008
Posts: 240
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Any thoughts out there on how to make a lot of money next week? I am going to think out loud while typing about it. I believe the bad news will continue as results get worse. The fact that yesterdays rally was taken back by half shows the conviction is down. Today was the deadline for letting hedge funds know if investors wanted cash. They now have 45 days to pay so if their cash isn't sufficient, they will have to sell more stock. Here is a headline I just found:
Fortress Investment Group just announced that its hedge fund investors have demanded redemption's equaling a staggering 25% of the fund’s total assets. And it’s just one of many.
Is everybody with me so far because my juices are starting to flow. I believe that the selling pressure is going to be so high that the market should go lower and are you ready for this, may break through yesterday's low for the year that we breached yesterday. This time, it may keep going lower and the world markets will follow. Anyone have a different perspective because this is my mind in free flow and I could be way off in a horrible, wrong tangent.
Here's some thought starters. Are things going to get worse or better as far as results, news, employment, sales, profits and if worse, will the market go lower. I think it will and it looks like we are going lower.
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Rank: Advanced Member
Joined: 6/15/2008
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Rank: Advanced Member
Joined: 10/29/2008
Posts: 60
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i personally dont see oil going much lower.... thats just me...
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