Replies to post #23394 on Cycle Trading

[dotnet]

very good technical analysis. My analysis on economy is august data might be anomaly. if you see, all schools opened, all after activities opened.all sports opened with full capacity.mlb,college,us open tennis,nfl....that definitely should add lot of jobs numbers. i see people going crazy spending...

[jaws57]

Good comments. Hey, your avatar is back! I always liked it.
I am cash on short term. We will see what happens at the 50MA on SPY.
The M65 daily on sell, but is at a high level so kinda hard not to start falling. Im going to look at my LT accts to see if any dogs barking and/or take some profits.

30m chart setting up for buy. has some work to do though.

[farooq]

If everyone say market to drop, market never drop. It only happens when most are not expecting it.
All CNBC analyst are saying get out off the band wagon including Kramer, where as many real economy stocks already corrected 25% or more so they are late. Yes correction will happen but may be in Oct - Nov time frame.
Post war correction are 25 % but this may not happen because saving to deficit is 300 Million dollars a day by not fighting in Afghanistan. USA is going to be way more ahead than rest of the world. Corporate sector is also realizing cheap labor of China is not in there interest when channels of goods could be disrupted.
Many value added production will come back to USA from China.

Keeping insurance in forms of Puts is always a good idea for trader.
It is a beautiful Idea.