Thismarkethasn’tgivenuptheghost.Afterthebigselloffyesterday,themarketbouncedaroundtheflatlinetoday,failingtocapitalizeontheobama’smortgageplanandFedmeetingminutes.Thisactionportendsabiggerselloffjustaheadofus.WiththeDOWNovclosinglowpenetrated,thisseniorindexbrokealltheconceivabletechnicalsupportlevel,leavingonlytheNov21intradaylowintact.TheghostIamtalkingaboutisthebig-captech.Theyarestillactingu...[
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Therecentthemeofthemarkethasbeenrisk-averse:buyingsafe-havengoldandtreasuryandsellinghigh-betaassetstock.Thistrendisespeciallypronouncedwithtoday'suglystockmarketaction.
SowhereisOILstandinginallthemess?TurnedoutOILispositivelycorrelatedtostock.(seemypreviouspost:http://blog.wenxuecity.com/blogview.php?date=200901&postID=55752).Andbothfelloutfromthebedatthesametime:awayfromtherecentconsoli...[
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Goldisbreakingouttotheupsidefromthelastresistence/consolidationof930.Itisconsistentwiththerecentrisk-reversetrade:buygold,treasuryandshunequity,oil.
Thislegshouldcarrygoldbacktotheoldhighof$1000.Butgoldshouldeventuallyjoinequitytothedownside,too.[
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http://web.wenxuecity.com/BBSView.php?SubID=finance_best&MsgID=6150[
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2009-02-15Realquick.HowmanydaysDOWclosebelow8000?Dowclosedunder8000for4daysinarow,thelongeststreaksincethelast2002bearmarketlow.At7850oflastFridayclose,itislowestlevelsincelastNov20low.Thisdoesn’tbodewellforthevenerableindex.ItcoulddrawsomecascadingsellingintheindexandeventuallybelowlastNov20marketlow.The$64,000questionishowtospottheupcomingmarketbottom?WhileDOWisonthevergeofbreakingitsbearmarket...[
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Imagethegameclockdowntothelast5secondsinthesuperbowlandyourhometownteamaredownbysixandyourfavoritequaterbackwilltakeasnapattheyourown30yardline.Whatishegoingtodo?HailMarypass!Guesswhat?Itiscaughtintheendzoneandthisgoesdownthehistorybookasoneofthewildestfinishinthesuperbowl.
Sure,thisisexcitingstuff.Butinvestmentisnotaboutexcitementanditisaboutslowandsteadymakingmoney.Ifyougoforbrokeeverytrade,...[
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Itlookslikethisisthebearmarketrallyeveryonehasbeenwaitingfor.Ideally,thisshouldhappenaftertheretestofNovlow.Butitisnotmarket'sintentiontoaccomodatemostpeople,ratheritsintentionistofrustratemostpeople.
Markethumbleallthebears.Iamasbearishaseveronthisrally.Butthisisnotimetofightthetrend.Weneedtorespectwhatthemarketistellingus.
IamgoingoutonalimbtocallthisrallytoS&P950.Enjoythissuckerrall...[
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http://web.wenxuecity.com/BBSView.php?SubID=finance&MsgID=1351252
38-STEPSTOBECOMINGA
SUCCESSFULTRADER
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StepstoSuccessfulCommoditiesFuturesTrading
aspublishedinCommodityFuturesTradingClubNews
andinTradersOrganization'sRealSuccessDaytradingCourse
1.Weaccumulatetradinginformation-buyingboo...[
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Onthenewsflows,thereareplentyofpositivebiasednews:badbankplancouldgainsomemomentumagainandthesenatevoteoftheobama'sstimulus.Buttheproblemisallthesenewsarenotreallynew(sameold,sameold...).Thinkaboutit,sincethelehmandebacle,howmanyratecut,baildoutorstimulusnews,includingchina's,didwegetsofar?Andyetseehowthemarketreactoverthetimes.Priceisalwaystheleader.Ifnewswereanygood,wewouldn'thavemiredinthesedow...[
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2009-02-02Sincemylastpost[AAPLup10%AH,canthemarketrallyfromhere?],MarketdidrallytotheupsideandturnedrightbackdownatDow8000.Almosttwomoreweekslater,marketgobacktoroughlywhereitstarted.So,whatgives?OnethingmarketaccomplishedistosqueezeoutalltheshortsthatpiledonaroundDow8000lasttime,nowthatwearebackhereagain.Shortsturnskittishandtimeisripeformarketbuildsomemomentumtothedownside.Remember,marketalwayst...[
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