Icoveredmyshortatthebeginningofthedayandgetimbuedintheworkthewholedayuntil3:00p.m.whenIknowthemarketbarelychangedtoday.
Iamnottryingtosaythatworkitselfisadistraction,afterall,wearepaidtodothework.IfIambusyatwork,Ishouldbe,IonlylookatthemarketwhenItakeabreakorIamnotverybusy.
Thedistractioncamefromwhathappenedduringthework.
Recently,wehadare-organ,andanindianguybecomethemanagerofthegroup...[
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Irememberedastoryfromthebookof"confessionofastockoperator",beforetheguywantedtobuythestock,hefirstsold20,000sharesjusttoseehowstrongthebuyingwere,onceitisdeterminedthatthebuyingisreal,heputinthebigorder...
Suchisthewaythestockmarketisoperated.Trickeryabound.Justlikeconductingawar,thetacticsisasimportantasthestrategy.
"Allwarfareisbasedondeception."SunTzesaid.
Inthatregard,itcouldbeconf...[
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ThestatementusedtohaveapositiveconnotationthatAmericaisalandofopportunity--auniqueplaceandaparadise.Nowadays,however,Itcomeswithalotofbagage.Considerthis,eventhoughthepresidentoftheUSAisthemostpowerfulpositionintheplanet,theraceforthepresidencyisbecomingapersonalitycontest,alacartamericanidolshow.Itcertainlymakesthispoliticalseasoninterestingtowatch,itisalsoscarytothinkthatthewinnerofthecontestwil...[
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Talkingaboutvolatility!todayisyetanotherdayofwhipsaw.IlostthecountofhowmanytimesDOWhasbeenreversed.Attheend,DOWandSP500stayedalmostwheretheywerewhenthemarketopened.
NASDAQisadifferentmatter,withbadnewsfromDELL,CSCO,semiconductorcompanys,itisbecomingtheweakestlinkoftheoverallmarket.
Commoditiesandenergiesgethammeredagain.Justinlastweek,thiswouldbeagoodreasontopushthemarkettothetop.Obviously...[
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Itwasaneasytradethatisobvioustoeveryoneandthatliesthedanger.WhatwouldbeabettertimeforMMtosellthesharestothemassthantoday?itwasperfecttiming.themarketshowedsomelifeinthepastcoupleofweeks,financialisstablizing.theoil/inflationsubdued,anditwasanewmonthandnewbegining.andtheordinarypeoplecannotwaittoputtheirmoneytoworkafterarelaxinglabordayweekend.andofcourse,theyaretakenadvantagebythoseshrewdtraders.<...[
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Themajorindexeshavedancedaroundtheir20dayMAonthewholemonthofAugust.ThegoodnewsisthattheindexesgravitatemoretowardsabovetheMAthanbelowlately.WithFriday’sdrop,themajorindexesarebacktotheir20dayMAonceagain,so,theycouldgetabounce.Also,VIXisrightatitsresistance,VIXcouldfailandmarketcouldrise.Anothergoodnewsisthecontinuedfailofoilprice.Gustavprovestobeatotalflub,anotherembarrassmentfortheadministration...[
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Ok,finally,theDJIAisdownbelow11200aswethoughitwouldbe.AndSP500isalsointhebearmarket.So,itisofficialthatthebearishere.Otherthanvindicatingsomeofourthoughts,whatconsequenceitmighthaveonthetradinginthenearfuture?Firstofall,themarketmayovershot,meaningitmaygoevenfurtherdownthanitshouldbe.Andbasedonthehistory,itdefinitelywill.Howdeepthisbearmarketwillbeisanybody’sguess,iftheaveragebearmarketisdown30%f...[
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WhenIheardFEDChairmantalkingfromCNBCthismorning,myguessisthathewouldprovidethestimulusforthebull,atleastforoneday.Itturnsoutmoreconvolutedthanthat,thebullsandbearsarefightingallovertheplacesinthemorning,bytheafternoon,thebullfinallyseizedcontrol.Therearemore“shortcoverings”than“longs”,asnotedbybespoke,themostshortedstocksareupthemost,collectivelytheyareupmorethan4%.Itisnotsurprising,sincethema...[
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Themarketiscalled“bull”and“bear”,itsoundsverymasculine,butinreality,themarketismuchmoresubtlethanitsnamesuggested,ittransmitsitsintentioninsomehiddenmessage.Justlikeadatinggame,ittakessophisticationtoreadyourpartner’smind.Theoilandmajormarkethasbeentightlycoupledrecently,so,themarketautomaticallywentupwhenthecrudewentdowninthemorning.However,theworriesofthemarketshifted,itconcernsmoreoftheeco...[
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Thepatriotismhasalwaysbeenassociatedwiththegreatcountry;acountryoffersalotofreasonsforitscitizentobeproud,eitherthroughitsculturalheritage,orthroughitsrecentachievement.Itisthesameintheequitymarket,youloveastockbecauseithasalonghistoryofsteadyperformance,orthestockisthelatestdarlingofthecrowd.Therecentturmoilofthemarketwilltestinvestors’royaltytotheirstocks.Itobviouslyneedsalotofbelieftostayput.G...[
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