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| msummer2007 129 posts msg #53515 - Ignore msummer2007 modified |
7/26/2007 12:52:32 PM Think about it, the market ran up without an end in sight, now the selling should follow suit. This is healthy, let some of the air out of the over inflated balloon. Considering the long advance, this sell off is minor. A blip on the screen, a pimple on the bulls A@$. Made my first commitment in X at 99.50 |
| nikoschopen 2,824 posts msg #53519 - Ignore nikoschopen |
7/26/2007 1:27:40 PM msummer2007, In case ure interested in my system, here's a teaser for you. |
| msummer2007 129 posts msg #53521 - Ignore msummer2007 |
7/26/2007 1:35:31 PM Niko Awesome graphics, Now all I need to do is learn to trade it. That should be the easy part right! LOL Email me let me know what your time schedule is. |
| nikoschopen 2,824 posts msg #53522 - Ignore nikoschopen modified |
7/26/2007 3:15:54 PM Any probability of bottom-fishers to swoop down tomorrow? Also keep in mind that there will be short-covering by daytraders like me towards the close. If we can manage to sustain a meaningful rally from here on to the end, the greater is the likelihood of those bargain-hunting vultures to crash the ongoing party. Party poopers. LOL |
| msummer2007 129 posts msg #53523 - Ignore msummer2007 |
7/26/2007 3:41:17 PM You will see a dead cat bounce in the market tomorrow. If I had to venture a guess, I would say the market has much more to drop over the next month or so. You have been very accurate in your predictions(congratulations). I tip my cap. I must admit when I set up my first commitment in X and then the market went on to plunge another 100 my hands started sweating mucilage. It seems to have stabilized now, we shall see tomorrow. I am interested in learning your style of trading. Thanks for the invite!!! Bob |
| nikoschopen 2,824 posts msg #53524 - Ignore nikoschopen |
7/26/2007 4:05:25 PM Bob, Thanks for the congratz, although trading and predicting are two very different biz. Whereas I'm dead serious about trading, I'm nowhere close to being serious about making projections. I do this mainly to amuse myself and annoy others. LOL At any rate, I'm willing to assist others if they're inclined to accept my otherwise stripped-down service. P.S. As I stated yesterday, my gut feeling is that the Dow and the S&P will likely retrace back down to their February high, respectively, which also not-so-coincidentally adds up to 10% pullback. |
| nikoschopen 2,824 posts msg #53561 - Ignore nikoschopen |
7/27/2007 9:59:16 AM If the Dow is able to clear above 13,500, the bulls will effectively take the helm. I think that's only natural considering that bears need to take a breather before making another round of frontal assault. |
| msummer2007 129 posts msg #53562 - Ignore msummer2007 |
7/27/2007 10:01:05 AM If we do not see a positive market this Friday, I shutter to think what Monday will look like. This should be very interesting today, difficult to hold any positions over the weekend. Good Luck all!!!! |
| nikoschopen 2,824 posts msg #53563 - Ignore nikoschopen |
7/27/2007 10:13:28 AM Most likely they'll turn those circuit breakers on in full force. For a brief time yesterday, the Dow futures reached a limit down and the trading came to a screeching halt. |
| nikoschopen 2,824 posts msg #53564 - Ignore nikoschopen modified |
7/27/2007 10:15:39 AM Yay, we've passed 13,500! See you on the other side of the trading moon. I've set my lofty price target at 13,630. Let's hope the rooster can come home to roost before ending up on someone else's dish. |
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