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I WANT EVERYONE ON THIS BOARD TO BUY FMN STARTING MONDAY PLZ! FROM .67 AND LOWER! YOU WILL DOUBLE YOUR MONEY!! I GUARNANTE IT! I SEE IT GOING TO 1.37!
DONT BE A FOOL IF YOU DONT BELIEVE IT JUST STICK 100 DOLLARS IN FMN!
The Dow did test the sub 8200 area twice today.. it held fine, Is it a bottom? wheres the big sell off.. capitulation? That already happened on Oct.10th.
The market should not be here, I called this the bottom the week of the 10th but we can't seem to move past these lows.
The selling volume is drying up.. less, and less everyday.. But the PROS want an exact bottom, And believe me they have placed a good one. They will try to push it down one more time.. Monday/Tuesday.. early wednesday?? JMHO
The Fund managers must have their sell orders in by Oct 29th? to get tax credit for loses this year.. Plus they must sell all positions under 5.00: as required.. And some type of bad news this weekend will be the cause.
After the push down they will drive it up fast.. I see 2000++ points or more gain on the DOW in a few weeks. JMHO
The PROS will push it up.. they the mm's/specialists/pros..must now push it up.. the traders are getting anxious.
*this is what i see* I see the biggest push down since Oct. 10th happening Monday/Tuesday I see another bank going broke this weekend, and more problems overseas this weekend being the cause for a low volume sell off like i said on monday/tuesday.JMHO
This will be an event talked about for years to come. JMHO
Get your buy lists ready, because everything will be on sale Monday/tuesday. JMHO
E* will most likely set a new low of 1.74: JMHO but i would place my orders if you are buying more, adding, or bottom fishing @ 1.84: *BUT* any buy here is recommended.. JMHO
I see the DOW going below 8000: monday/tuesday.. Maybe wednesday?? Then i see the market heading north fast *Late Wednesday*/Thursday/Friday next week. JMHO
This is fiction, like my other posts.. Do your own DD And like others post here.. Don't invest on MB recommends
Sentiment: Buy on Monday or tuesday. I am;)).
These are me target picks/entry PPS Buy as you see fit.
ABK 1.70:
FRE .56: .33: area
FNM .49:
NCC 2.01:
MBI 6.78:
ETFC 1.82:
TMA 1.14:
The market appears to be on a wild ride.. Picture this;) The market is in a tug of war for the bottom. The MM's want to know the price of the shares they are trading.
As i posted several times you will see these 800 point swings until the market makes/finds a bottom.. It is not an exact science, but an event.
They take it up.. Then crash it down to get the marked bottom, Or lows for the best PPS available.
What you see is the combined effort of the market making/building a bottom. Most every share on the market has changed hands 3 times or more in the last month.. Back and forth to have a level playing field.. They run it up to test the top.. Then push it down to test the bottom. If they cannot push it lower, they will push it higher;))
Today was a event i loved watching as i called it today.. They could not break out, Or drive the market lower. 8300: was a mental wall, but the real target was 8176: which they failed to take out.
They the MM's Pros, Specialist are planning *2, Maybe 3* more attempts to find the absolute bottom.
I am looking for a small upswing tomorrow with a huge dump to try to bust the 8176: wall. The MM's are wanting to put billions of dollars into this market next week, And they want the bottom.
If they breach the 8176: wall.. if that holds we have a bottom.. If she fails then the next stop/test will be 7774: And if that holds we have a bottom.. If not i see 7200: or lower. JMHO.
As far as E* i see 1.84: as the untested low.. Back in DEC.07 I called E* going to 1.88: Remember #88, Snake, HoBo, Kriss? I missed it by .04;(( If we breach 8176: we will see the 1.80: area again.. Will i buy here? of course.. this is a gift. Will i keep $$ to buy more below 2.00? YES. E* will be over 3.00: very soon! I see pumpkins lined with gold!
I see, And post events days/weeks before the events happen. Others here have pointed out they see my ideas in news articles days after i post them. My point is i have no agenda, but to share what i know before it happens.
Earnings, market sentiment, recession has nothing to do with this market.. they are tearing down, Only to build it up.. They want to sell these cheap shares for 5, 6 times the PPS they are paying here.
The Fund Managers have to sell, clear their books of all loses for tax purposes before the 29th.. they want the biggest loss, And the lowest entry PPS.. See how this works?
The market will have a clear picture by next Wednesday.. These events will happen quickly.. The next few days will be remembered for years to come. JMHO
Just Me Humble Opinion.. Don't trade on my nonsense;))
* Dollar hits fresh two-year high vs basket of currencies
* Sterling sees biggest one-day drop vs dollar since 1992
* Grim European data reinforces global recession fears (Adds details, updates prices, changes byline)
By Nick Olivari
NEW YORK, Oct 24 (Reuters) - The U.S. dollar surged to two-year peaks versus a basket of currencies on Friday as dismal economic data from Europe reinforced fears of a global recession, adding to a selling frenzy on world stock markets.
The yen soared to multiyear highs versus the dollar and euro on the ensuing risk aversion, while at the low the British pound suffered its biggest one-day percentage drop against the U.S. currency since September 1992, according to Reuters data.
Playing into investors' recession fears, data on Friday showed the euro zone's private sector economy shrank this month at its fastest pace since the monetary union, while the British economy contracted in the third quarter for the first time in 16 years. For more see [ID:nLO103381].
"The market is afraid. There are massive, massive redemptions and liquidations going on. As asset values move lower, more margin calls occur and more assets need to be liquidated for cash," said Greg Salvaggio, vice president of trading at Tempus Consulting in Washington.
"The dollar is benefiting as global investors are looking for safer investments. The yen clearly is the safest right now. We are seeing the Swiss franc benefit somewhat and we are seeing the dollar benefiting against Europe."
The ICE Futures U.S. dollar index, a gauge of its value against a basket of six other major currencies, touched a two-year high at 86.965 <.DXY>, according to Reuters data. It was last up 2.2 percent at 86.628.
The euro dropped to a two-year low at $1.2498 <EUR=>, according to Reuters data. It was last down 3.2 percent at $1.2567. Sterling sank to a six-year low around $1.5270 <GBP=> and was last down 2.6 percent at $1.5893.
FULL-FLEDGED PANIC
"You are seeing the currencies move as they would in any sort of full-fledged panic. There is complete collapse of carry trade and you are seeing a flight to quality in U.S. agencies and Treasuries," said Firas Askari, head currency trader at BMO Capital Markets in Toronto.
"It's a little disconcerting to say the least. Everyone needs to take a deep breath. I think we have to be close to the end of this awful cycle. It's usually darkest at the bottom."
Worries about a world-wide recession and its impact on company profits savaged global equities, with Tokyo's Nikkei average <.N225> diving 9.6 percent to a 5-1/2-year closing low. Europe's FTSEurofirst 300 <.FTEU3> dropped to its lowest since April 2003, according to Reuters data.
Stocks on Wall Street followed global markets down, with the Dow Jones industrial average <.DJI> plummeting more than 5 percent at one point before recovering a tad to close down 3.6 percent.
That equities sell-off buoyed the low-yielding Japanese yen as risk-averse investors dumped carry trades. Before the current financial crisis, investors often borrowed cheaply in yen and channeled the funds to countries offering higher returns.
The dollar fell to a 13-year low of 90.950 yen, according to Reuters data. It was last down 3.3 percent at 94.570 yen <JPY=>. The euro at one point fell more than 10 percent against the yen to hit a low of 113.82 yen <EURJPY=>.
The euro zone currency was last down 6.5 percent at 118.82 yen for the session and on track for its biggest monthly percentage loss on record against the Japanese currency with a loss of 20.6 percent for the month to date at current prices.
The sharp surges in the dollar and yen have raised concerns that financial authorities may act in the currency market to rein in volatile moves. But some traders are skeptical and reckon central banks would likely prefer more interest rate cuts.
"The currency events are secondary to the more absolute breakdown in trust of the overall financial system. Central banks will probably want to keep their powder dry. The currencies are reacting to equities and not the other way round," said BMO Capital's Askari.
The Australian dollar dived 8 percent to US$0.6187 <AUD=> while the New Zealand dollar tumbled 6.6 percent to US$0.5571 <NZD=>.
"Do we think this trend is long lasting? We don't know. The only thing that is hopeful is the fact that we have the U.S. presidential election in a week and a half," said Tempus Consulting's Salvaggio. "The prospect of change and a fresh approach might stabilize the market."
Polls show Democratic candidate Barack Obama leading his Republican opponent John McCain. (Additional reporting by Lucia Mutikani; Editing by James Dalgleish)
Nice job keep up the good work.
Oil drops 11% Gold was up! Auy was up 10% I said buy auy 2 days ago.
msft came out with good earnings! $$$ up 800 for the day $$$
Dogs of wall street
Kill The shorties...
Whats going on with gold...
Cut rate NOW....
The chart doesn't really reveal the depths some of the miners dipped in the 2004-2005 period. the down days were similar to some of those these days. I read a few days ago that the US govt. and FED Reserve currently want a strong $US so that when they release all of these new deficit treasuries into the markets, they will have strong value. Of course, foreign central banks are more than happy to assist as a strong $US makes their exports more attractive stateside and their $US holdings are more attractive
Your Welcome.
What does a bull market feel like?
This graph shows we should not of went this far down. I think we will have a great day tomorrow.
Try it again, I fixed it, sorry
I am calling for a good day tomorrow. ( or begging ) lol
We closed right on support.
http://www.stocktock.com/wp-content/uploads/2008/10/oct-22-23-spx-30m.png
The absolute low will probably be when we test the 2002 support but this could offer a tradable bounce right here. Market is due for a sustained rally.
There are rumers of a big fund liquidating 20% of it's portfollio and black box selling.
I will be picking up pieces of broken stocks and etf's for the next few days....lol
Hope the markets can go up now
got 500 shrs at 1.67. 2.67 will be my stop! Nice ride!!
Gold is oversold! Might go down a lil more but its a buy
.815% ! Nice call on dtg
Only teasing ya, Big fellow. Thought i would lighten up this place in here. If u need any help let me know. Nothing like a fresh set of hands to help. Take care
from the 10 charts in i box the adverage is down 8 % not a good day in the markets. Hope gold can see some Light in Asia
Anyone think auy can recover
only if money came on trees, beautiful dreams
Just thought i would forget to write the letter tonight, so, I wrote it a Little early... Whats wrong with that? Hehehe :|
Yes but i think yhoo will be a double in time. Or, I think msft or goggle will buy them out.
My Yhaoo shot up 1 buck in after hours! I called a double since 12 dollars.
well today is a mini crash.. i got caught being piggy.
DELL is killing me.
WARNING UNDER ATTACK. YOU HAVE MY PERMISSION TO KILL ALL SHORTS.
REPEAT : YOU HAVE MY PERMISSION TO KILL ALL SHORTS
** OVER **
lmao i ment to put tuesday can someone erase these two messeges. thanks.
Think about some gold or silver sometime
Markets are up in Asia!
Gold is up again in Asia!
I don't think we will see another crash for at least 6 weeks.
Holding
msft at 23.86
dell at 13.19
yhoo at 13.10
auy at 4.23
slv at 9.50
caei at 4.50
Hope Wednesday is a good day for trading
slacker .. j/k =/
I agree. Yhoo is a double here
Anyways.. Great day for a lot of stocks.. I sure hope this bullish trend will last!