this is amazing

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  • ninner
    Senior Member
    • Dec 2004
    • 524

    this is amazing

    markets are going futher downtown....lets take a look at the DIA. on the 18th of sept....we made a new low with 66 million and on friday...we went up with how many shares....hmmmm 21 million....we went down the last downdraft with 41 millions shares and the DIA couldnt even beat that....u can look at all the indices and alot of indiv. equities and see the same thing....tells me they are sucking more money into the market again until enough people are sucked in and then the markets are going down again..this isnt even close to being over yet....this is just like hot potato or paper....who will be left with all the hot paper???????????????? Protect your wealth this is going to get ugly im afraid.-
  • IIC
    Senior Member
    • Nov 2003
    • 14938

    #2
    Originally posted by ninner View Post
    markets are going futher downtown....lets take a look at the DIA. on the 18th of sept....we made a new low with 66 million and on friday...we went up with how many shares....hmmmm 21 million....we went down the last downdraft with 41 millions shares and the DIA couldnt even beat that....u can look at all the indices and alot of indiv. equities and see the same thing....tells me they are sucking more money into the market again until enough people are sucked in and then the markets are going down again..this isnt even close to being over yet....this is just like hot potato or paper....who will be left with all the hot paper???????????????? Protect your wealth this is going to get ugly im afraid.-
    I certainly agree...I'm all cash...Doug
    "Trade What Is Happening...Not What You Think Is Gonna Happen"

    Find Tomorrow's Winners At SharpTraders.com

    Follow Me On Twitter

    Comment

    • ninner
      Senior Member
      • Dec 2004
      • 524

      #3
      good IIC

      safest thing...they want our cash!!!! i am cash except a short pos in FMC and i have some out of the money jan puts in fmc as well(trying to be abit creative) and i have a small pos in the TWM which i bought on friday!!! I am watching NSC for a short entry which is getting close in my opinion. this im afraid will drag out for awhile!!!

      Comment

      • spikefader
        Senior Member
        • Apr 2004
        • 7175

        #4
        It's rally time ya scallywags!

        Comment

        • IIC
          Senior Member
          • Nov 2003
          • 14938

          #5
          Originally posted by spikefader View Post
          It's rally time ya scallywags!
          When I go against you Spike I am usually wrong...But this time, altho I think there is still some upside potential soon...I beleive the Naz Comp will be down at the end of the week...Best, Doug
          "Trade What Is Happening...Not What You Think Is Gonna Happen"

          Find Tomorrow's Winners At SharpTraders.com

          Follow Me On Twitter

          Comment

          • spikefader
            Senior Member
            • Apr 2004
            • 7175

            #6
            Originally posted by IIC View Post
            When I go against you Spike I am usually wrong...But this time, altho I think there is still some upside potential soon...I beleive the Naz Comp will be down at the end of the week...Best, Doug
            Well if it is, it'll be a great buying opp. I think the potential that we have a tradeable bottom in place now is very high.

            Comment

            • New-born baby
              Senior Member
              • Apr 2004
              • 6095

              #7
              Originally posted by spikefader View Post
              Well if it is, it'll be a great buying opp. I think the potential that we have a tradeable bottom in place now is very high.
              I'm with the Spike for now. BUT let me qualify: the next shoe to drop follows the election. If Obama wins with his protectionist policies, the big drop comes on.
              pivot calculator *current oil price*My stock picking method*Charting Lesson of the Week:BEAR FLAG PATTERN

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