Javascript Disabled Detected

You currently have javascript disabled. Several functions may not work. Please re-enable javascript to access full functionality.

A possible tradable bottom in a week or so

Started by A-ha , Mar 13 2007 05:48 PM

Prev

Please log in to reply

15 replies to this topic

#11 A-ha

Member

Traders-Talk User
5,875 posts

Posted 13 March 2007 - 06:59 PM

I have a similar number for OEX... 606..It is just a trend line seen on 4 year weekly... I am sure you know it. But I have no intention of probing it unless my holy grail flash the buy...

Back to top

#12 selecto

Member

Traders-Talk User
6,871 posts

Posted 13 March 2007 - 07:00 PM

mdwllc, I like that time frame also for a turn, but I have Dow ~ 11,600 at the turn, and that's a lot in a short time, yikes.

Back to top

#13 sglasson

Member

Traders-Talk User
503 posts

Posted 13 March 2007 - 07:14 PM

I have a similar number for OEX... 606..It is just a trend line seen on 4 year weekly... I am sure you know it.
But I have no intention of probing it unless my holy grail flash the buy...

10%? next target, or give moer time to overshoot??

Back to top

#14 A-ha

Member

Traders-Talk User
5,875 posts

Posted 13 March 2007 - 07:20 PM

I have a similar number for OEX... 606..It is just a trend line seen on 4 year weekly... I am sure you know it.
But I have no intention of probing it unless my holy grail flash the buy...
10%? next target, or give moer time to overshoot??

I really dont know what percentage it will drop ... %10 or 15 or more... I dont know.
I learned to use a few things in such situations that always worked.... That is what I am gonna use...I am not going to practice sword catching

Back to top

#15 arbman

Quant

Traders-Talk User
19,504 posts

Posted 13 March 2007 - 07:22 PM

I don't think people understand that there is a major housing slow down induced by the mortgage sector problems on top of the ongoing problems of the housing oversupply and high rates. The consumer spending should plunge next. I think currently there is an exponential deterioration in the markets, yet the USD will not bounce. The Fed is truly stuck until USD bounces strongly, imho. I don't think people understand this (yet), any talk about a rate cut will immediately trigger a USD crash and then a bond and finally a stock market crash. Instead, we are going to get a stock market correction or crash only and at least have a chance to finance the economy with a stable currency... How GS turned the record profits? Apparently, they didn't own anything directly in the subprime mortgage biz, but the fixed income problems are just spreading... - kisa

@qckisa on twitter