the numbers lokked good but dow only got to 7 or 8 pos.on the dow if thats all she's got were going down in the markets numbers are behind not foward keep that in mind employement #'s end of week look to that for real trend
I am just a spectator just waiting and watching for the perfect oportunity to short the living crap out of the S&P index. I have all week to wait. if I have to wait till thursday when the jobless claims numbers come out, than so be it. if I have to wait till Friday when the empoyment situation numbers come out, than so be it.
being that I am a 100% technitian, the perfect time to get in market is only when I get a Short the market signal from all my indicators, and only than..... I never trade on the news, I only us the news for as a short term indicator as to where the market might be headed over the next 60 minute period...
The weekly and daily charts are still heavily bearish, so it's just a matter of time before the hourly and 10 minute charts turn bearish again. I have all week to wait ...I am in no hurry.
I agree with sterling on 2 points.
point #1: there will be more down side. I AGREE 100%
point #2: day trading is the best alternative under the current market conditions.
I AGREE, not that it really matters since I am all readey a day trader that only do overnight holds in very unusual cirmcumstances from a technical and momentum stand point.
if there is one thing I never do , is that I would never bet on the news, but if I was a pure fundamentalist with my back to the wall, than as far as I am concerned that breaking news is only good up for about 60 minutes before it starts to wear out... so it would be up to a 1 hour trade on fundamentals strong enough to move the markets at least for that next 1 hour... but again, I'll never have to worry about that, because I am not a fundamentalist because fundamentals are all ready built in my intraday charts that gives a much clearer picture from a more accurate technical stand point.
so in the meantime, I'll just sit patiently for my technicals to give me the green light to short the crap out of the S&P index in a day trade.
Friendly wager, Bruce? saaaay $10,000.00?
My numbers come from the best predictive source ever known to mankind. A source with 83.687% reliability. My numbers are not MY numbers, but numbers I believe to be true. My source has allowed me to triple trading funds in the last ten months with a 59% gain YTD.
inwestor, I'll call you out on that 10 grand wager, and I raise you another 10 grand, for a total of 20 grand to say respectively that I will win that wager, hands down with the S&P index closing below 1087.
inwestor, I'll call you out on that 10 grand wager, and I raise you another 10 grand, for a total of 20 grand that if the S&P closes above 1096 than you win and if it closes below 1087, than you owe me 20 grand.
and also to say respectively that I will win that wager, hands down with the S&P index closing below 1087. so just have my 20 grand ready inwestor.