Edited by Tor, 11 August 2007 - 08:10 AM.
I find the complacency on this
#1
Posted 11 August 2007 - 08:08 AM
The future is 90% present and 10% vision.
#2
Posted 11 August 2007 - 08:39 AM
#3
Posted 11 August 2007 - 08:50 AM
#4
Posted 11 August 2007 - 08:55 AM
Tor,
I'll tell you this : there is not much complacency on this board.
Even NAV who thinks a bottom is in and is long ES, is engaged in a discussion about safe money. No offence NAV, just an observation.
I know I am scared and intend to ask my broker on Monday about what short term instruments my cash finds itself in.
The fear is palpable. So a short term bottom may well be in.
But longer term, the "evidence" :multiple 90% down days, central banks rushing in so early to open the spigot, etc. are definitely suggesting more down to come.
I agree with you on the possiblity of a short term bottm then more devastation to come and really kick those boolz into touch!!
got to stay nimble however,at all times.
The future is 90% present and 10% vision.
#5
Posted 11 August 2007 - 08:58 AM
Does this look like it bottomed?
http://stockcharts.com/c-sc/sc?s=$DJW&p=D&yr=1&mn=6&dy=0&i=p88259945734&a=86473402&r=3702.png
#6
Posted 11 August 2007 - 08:59 AM
#7
Posted 11 August 2007 - 09:06 AM
Nice chart. Kinda explains why the ECB came in so strong with their flood of liquidity!
Definitely bothersome..not only here, but other boards as well. Usually with a bearish slant, most everyone's trying to call the bottom. When it's done, probably an excellent buying opp, but extremes may get even more extreme 1st.
Does this look like it bottomed?
http://stockcharts.com/c-sc/sc?s=$DJW&p=D&yr=1&mn=6&dy=0&i=p88259945734&a=86473402&r=3702.png
#8
Posted 11 August 2007 - 09:12 AM
Edited by NAV, 11 August 2007 - 09:13 AM.
#9
Posted 11 August 2007 - 09:42 AM
Even NAV who thinks a bottom is in and is long ES, is engaged in a discussion about safe money. No offence NAV, just an observation.
BTW, i went long and friday, took profits and went flat. Will go long again on Monday.
#10
Posted 11 August 2007 - 10:03 AM
Even NAV who thinks a bottom is in and is long ES, is engaged in a discussion about safe money. No offence NAV, just an observation.
BTW, i went long and friday, took profits and went flat. Will go long again on Monday.
NAV I love your posts. I cant help but think if we bounce we will go down again, but it is purely guesswork from meas I have no idea how the technicals willbehave in coming days, although i agree there seem to be ingredients for a low, short term.
The future is 90% present and 10% vision.