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What Does Today's Action Mean?


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#1 Vector

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Posted 03 January 2007 - 04:20 PM

That the market likes to go up and down :lol:

#2 paulstan

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Posted 03 January 2007 - 04:27 PM

The big gap up was exhaustion, and we'll now try a gap down and see how the market reacts.

#3 redfoliage2

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Posted 03 January 2007 - 04:36 PM

That the market likes to go up and down :lol:

Gap and Crap action. :D

#4 no_mind

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Posted 03 January 2007 - 04:42 PM

Corelio's 60min chart from the other day puts it in perspective.

http://stockcharts.c...114186&r=16.png

#5 jawndissedi

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Posted 03 January 2007 - 05:02 PM

A spike in volatility frequently accompanies a change in trend.
Da nile is more than a river in Egypt.

#6 pdx5

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Posted 03 January 2007 - 05:13 PM

All it means is those holding profits will pay taxes on April 15, 2008 ---- instead of ---- April 15 2007. Simple profit taking strategy based on postponing taxes by one whole year.
"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#7 Vector

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Posted 03 January 2007 - 06:48 PM

aka noise :P the consolidation/correction that began Nov 22 continues...please wait... in the meantime I'll be reading up on Real Estate investing.

Edited by Vector, 03 January 2007 - 06:50 PM.


#8 redfoliage2

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Posted 03 January 2007 - 09:35 PM

All it means is those holding profits will pay taxes on
April 15, 2008 ---- instead of ---- April 15 2007.

Simple profit taking strategy based on postponing taxes by one whole year.

There may be no tax to pay if one sell in 2008: no profit then. :lol:

#9 da_cheif

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Posted 04 January 2007 - 10:43 AM

only da bears dont pay taxes.........snort

#10 Vector

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Posted 04 January 2007 - 06:45 PM

only da bears dont pay taxes.........snort



LMAO

"capital-loss carryover" - takes a long time to deduct only 2K losses per year. :P

Edited by Vector, 04 January 2007 - 06:47 PM.