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Just for you
Edited by Mr Dev, 28 April 2007 - 11:16 PM.
The lack of bulls is amazing.
Started by
Rogerdodger
, Apr 28 2007 09:52 AM
12 replies to this topic
#11
Mr Dev
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Posted 28 April 2007 - 11:15 PM
Very reminiscent of ....."Jaws of Death."
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Just for you
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Just for you
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Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#12
Tor
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Posted 29 April 2007 - 08:41 AM
I agree with dev, the dollar is the one issue here, and I have saidthis for a few weeks now.
I capitulated on my shorts, and lost some cash. havent got round to biting the bullet on the long side. I dont know just frozen at the trigger I guess. If the market rallies away from me, then I will miss the whole move I know I just wait.
I am pretty sure this market will correct at some point in the next 4 weeks. How far is the question and I thin itwill be dollar contrived.
If I am right however,then the pendulum could swing the other way quickly. That said it may not, so the trend is up and long and strong. I am flat as i closed my shorts and capitulated, but need a good entry if i get one, if not so be it this time.
Tor,
Why not trade a small long position, instead of flat ?
I capitulated on my shorts, and lost some cash. havent got round to biting the bullet on the long side. I dont know just frozen at the trigger I guess. If the market rallies away from me, then I will miss the whole move I know I just wait.
I am pretty sure this market will correct at some point in the next 4 weeks. How far is the question and I thin itwill be dollar contrived.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#13
johnmc
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Posted 29 April 2007 - 08:43 AM
Interesting question on the dollar.
Somehow I think you already knew the answer.
Now as I see that chart, if I would have bought $116 worth of the S&P at the last peak in the summer of 2000 and held till now I could sell and get almost all of my $116 back...but it would be worth only $82.
What a deal.
The Bear's don't realize that they have been proven correct. Just using the $USD index for purchasing power
S&P in march 2000 --- 1.05 (USD trade weighted index) * 1550 = 1627
S&P today's purchasing power --- 81.5 (USD) * 1500 = 1222 (-25% from march 2000)
assume S&P 1600 and dollar bounces UP to the 10 month moving average right now at 84 = .84 * 1600 = 1344 (-17%)
assume the S&P goes to 2000 & dollar is at 70 = 1400 (-14%)
This does not add into account additional cost of living OR S&P purchasing power in terms of gold, the euro etc....
