has no ulterior motive when picking stocks. No pump, no dump, just pure results
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
A hit and a miss, I agree. Those tight bollies could go either way and sometimes they go to the downside hard. Live and learn from this chart.
I was going to bring it up today as a pick, I'm in some as well.
Have a good weekend all.
Thanks, LJ! Hope you've been doing well, my friend. Market has been kind of iffy lately for sure.
That irks me, Luis. They need to get paid what an average American does and should go through the same struggles that everyday Americans do. Perhaps that would actually make them tackle issues that affect average Americans.
Dow Futures down 145 points so far. Let's see what tomorrow brings.
I'm interested in what they say tomorrow for sure.
They did meet March 17-18 in 2009. Market hit the lowest of the year a week before that.
The DJIA hit a market low of 6,443.27 on March 6, 2009, having lost over 54% of its value since the October 9, 2007 high. The bear market reversed course on March 9, 2009, as the DJIA rebounded more than 20% from its low to 7924.56 after a mere three weeks of gains. After March 9, the S&P 500 was up 30% by mid May and over 60% by the end of the year.
One more thing for tomorrow: Fed Meeting
http://www.businessinsider.com/a-preview-of-tuesdays-huge-fed-meeting-2011-8
The market turns around when everybody gets bearish and tanks when everybody is euphoric. I remember analysts screaming to sell, sell, sell in March 09 when market was at 6500.
Are they to be trusted? When everybody gets too bearish at the same time, you know what usually happens.
Unless we bounce from mid 10's.
Agreed. The government stopped caring about ordinary people a long time ago.
There should be a couple of nice bounces when shorts cover, that's for sure. If we are entering a bear market (or are in one already), those bounces can be huge.
VIX was up 50% today? Is that right? Talk about fear.
We just had change in 2008, how often do we need change?
I would think right before the elections they would perhaps try to prop the markets up so everybody would feel "good" about their portfolios. Gas should also be cheap to make the public feel good.
Thanks, EZ. I think your first target is attainable, not so sure about 6500. Unless of course things get worse or US gets more downgrades...
It's the egos in Washington that get in the way, everybody is concerned about his/her own ass only. It's all about posturing and proving each other wrong. If these politicians actually cared about the well being of American people, America wouldn't be in this mess right now.
It's good to get a general consensus from great traders, that's why I asked you EZ.
Alright, thanks EZ. Hope you're doing well today, my friend. I'm just taking it easy here.
Is 9600-9800 your bottom call?
I think it has already been priced in. That's why we saw the markets tank so much on Thursday. It has been anticipated by people who knew it was coming. But who knows which way they want to take the markets, might have some more pain. Keep in mind that the other two agencies (Fitch and Moodys) are keeping the rating the same.
Have a good weekend all.
Perhaps 10750, I am not too sure about 9500 though. Either way, I'm watching. 9500 would present serious buying opportunities.
I think most of the crushing was done today, in anticipation of tomorrow's report.