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Lets look at the DOW chart but based on recent action...since 3/9/2009. I see fear slowly being chiped away. I see a market rising slightly and then consolidating. This current consolidation has been since 5/4/2009.
It is almost like the Sun is coming out after a HUGE STORM!!!
So your vote is for most likely DOWN.
Mine is for most likely UP...
And look at us having our opinions and making our bets accordingly. Now imagine the whole world doing that. This is what moves markets!!! And there is no way I ever see anyone predicting the actions of all traders.
I don't need to explain...the markets already have.
And again all this is already known...and is reflected in the markets.
I know that certain issues can be manipulated, but it is impossible to manipulate the entire market or markets. No group or groups contain enough money to do this.
And yes if you look back you see bear. The trick though is to see what is coming. I am still waiting for a genius to come along who can do that better than the markets.
ROFL!!!
There are no professionals when it comes to the markets. There are only those who think they are.
The markets can be bought by money worldwide. Because of this no chart and no fundamental will ever be able to predict what what will happen. It is the what the majority thinks about the future that determines what the markets will do. It is the only proven professional amd the future can be seen in its movements.
Do you think you just said something which the markets do not already know?
And another thing...our level of knowledge and wisdom has nothing to do with what the markets are doing. So comments like "you guys are amateurs" does nothing to help anyone.
How can the market be topping out when we just had back to back up volume days which were almost 90 percent. This is called a stealth bull market. Everytime I have seen a tug of war like this the end result is the market moves higher after a consolidation.
And have you notice the news is just not end of the world news like most everyone thought? This is why the record amount of cash on the sidelines will slowly move back into the market and is. Because to me the fear of missing out is greater than the fear of losing out.
From and investment stand point this is fantastic news!
Sorry, I did not mean to point the finger at you. It is services that are the joke!
And isn't funny when sometimes the trade goes against you even after doing a ton of DD.
Oh, and another thing.
Watch how the next Bull Market begins and catches everyone looking in the rearview mirror and saying how did I miss this!!!
This may be happening now...
So even though I suffered some last year I watched how so many were so wrong. Now I am watching the same thing again. So many being wrong!!!
ROFL!!!
Doesn't everyone go thru a time where they are wrong? The answer is yes. Doesn't everyone go thru a time where they are right? The answer is yes.
So why bother listening at all to McClellan, etc? Subscriptions to things like this are a waste of money. I can go thru a time where I am right and a time where I am wrong all by myself!!!
Just so you know I am always on the lookout for some genius or someone who can be right 80 or more percent of the time. Have not found one yet. And I am guessing I will never because as time rolls on I look less and less at people and what they are saying and more at the market first and the economy second.
This current Bear Market has taught me what matters most. And what I am loving the best is that everyone seems so confused right now. Well, those who look to formulas or patterns to light their way that is.
How can there be set things to watch when there are so many people who trade. It is a worldwide event so there is just to many people making to many decisions to say the market will follow a certain pattern.
To all the skeptics out there...just do yourself a big favor...watch the person or the service you wish is use to make money with and watch it fail. With out a doubt it will fail!!! You can not trust anyone so why bother with them or their service?
Wow, RIMM is up huge in after hours. Finally making back the money I lost last year. This is the second ride on this stock too. My other double was BAC. That took two weeks. I sold all of that though and will not go back in unless they fall apart again.
Does anyone think RIMM will pull back again soon? Or will it go higher from here. Guidance was very good from what I heard. Rambos, what do you think about RIMM since you called the bottom in the low 30's.
And thanks for the GOOG call Rambos. I got this near your low call too. I hope this will take off more soon though. Seems to be a slow steady gainer though now. They always make the most money in the end.
Anyone buying GOOGLE right now?
And RIMM looks good too...
I do...
I have been counting on that!
TECH had a good surge today. Let's hope it continues...
Anybody have any idea when we will get in a trading range.
I expect one to happen and last for years.
I believe your first statement...this is the last washout. Fear is extremely high which I love to death.
Giving up? No way! This is the best buying opportunity in all our lifetimes.
My goodness. I am a buyer right here. This day has been amazing!!!
Wow, this market is starting to look unbelievable good. I wonder how much more fear there is going to be? I want to buy!!!
Probably a good bet.
I am betting Oil and Gold go up from here for a few weeks at least. They seem to be to oversold.
I have been buying DIG and GG.
New message board huh? Not a bad idea...
He will be back in full force once this market gets rolling again.
Thanks.
Check this out: PMCS just made it onto the ValueLine 100 or # 1's/Highest ranked. This stock now ranks up there with ALTR and XLNX according to ValueLine.
'rambos_10', you mentioned a few posts ago that you think semiconductors have bottomed right around here. Do you still believe that?
I sold off my UYG because of the big run up it had. Now I would like to roll that money into something else. Thinking of adding to my USD position. What do you think?
Good posts 'bbqporkwings'.
These are great buys right here:
SSO 54.86
MVV 61.44
SAA 44.43
UWM 43.10
QLD 69.64
ROM 53.44
USD 42.35
UYG 14.75
I used the word mostly, because all will never be solved. There will always be problems. And to this I say...good! It is this which creates opportunities.
I have just never seen or known of a problem or problems which the markets and economy hasn't come back from. Do you honestly think this is one of those times?
He does read his and other forums though so in other words he is still here.
I have been reading/watching S2 for awhile. It seems he likes to post when the markets are doing well or in a good upturn. This is not one of those times. So he will be back.
'rambos_10', will you still be posting here after the market/economic problems have been mostly resolved?
Just curious.
I am not sure. No one will ever be when it comes to the markets.
I was talking about the entire financial sector when making that comment. I am not worried. Everyone needs to go through changes like this. If you survive, then you will be stronger. So the future is bright to me.
I love hearing all the doom and gloom.
It will be revisted again just not this time around.
All good for someone with a long-term perspective.
Looks like a lot of people are giving up on the markets.
SWEET!!!
That was a really good reversal off of the lows today. This could be the market turning point. Seems to be acting the same way it did in March of this year.
Also, I bought some more UYG today.
UYG @ 19.20
I did not think I would see financials this low again so soon. I have to take advantage of this.
'bbqporkwings', I hear ya...
And the NDX holding up better than all the other indexes is a real good sign to me. You can certain tell which index does not have financials in it. :)
Money has been switching over to the growth train and will continue to do so in anticipation of the "Real" turn-around.
'bbqporkwings', thanks. It is amazing. I did not think we would have more fear this time around. I was wrong and all I can say is WOW!
For those who have the CASH this downturn is an amazing gift. I say let your dollar cost averaging begin!!!
Buys are always easier than sells.
Let us know when this guy says to sell.
Thanks...
My last purchase which I just made is
UYG @ 23.80
DON'T YOU JUST LOVE DOOM AND GLOOM!!!
Agreed! Just post on this board any trades you make throughout the year. Like I do with my index trades.
Others can watch and do the math to show who is full of it and who is not.
Here is what I bought over the last week and approximate average price:
SSO @ 67
MVV @ 76
SAA @ 55
UWM @ 52.50
ROM @ 64
QLD @ 80
USD @ 51
I believe MRVL will never hit 15 again.
Are you all taking advantage of this downturn? I love how the talk of Doom and Gloom has picked up.
It is time to go long. I think these index and sector related buys/long positions will be it for me until the end of the year. Yeah!!!
So you shorter term traders...have fun!!!
LOL!!!
You are basically saying we are all amateurs and we have no chance of success with the market. Hence, no need to sign up for a service like his!!!