5 replies to this topic

[OEXCHAOS]

Just sent this out 15 minutes ago. Long a full position at 144125. Stop at 143000. Target 147000 for now. >The Fed just cut by 1/2. BUY now. >There's not reason to screw around. The market will open up. It has been 30 points higher already. The low is in for now.

[thespookyone]

Bold move, and good luck. I have a problem with the cut being viewed as a sign of serious trouble. An emergency meeting is sending out a message that there is a serious emergency-no? Discount rate cut, but not fed fund rate...hmmm.

Edited by thespookyone, 17 August 2007 - 08:06 AM.

[dcengr]

Bold move, and good luck. I have a problem with the cut being viewed as a sign of serious trouble. An emergency meeting is sending out a message that there is a serous emergency-no? Discount rate cut, but not fed fund rate...hmmm.

Wave 2 up.. the fractal I'm following suggests so.

I'm in agreement that there's more downside later... its like Rob Lowe's infamous video. As he drinks beer, it goes down.

[OEXCHAOS]

Sent this out a bit ago. Follow up. Gone at 145200. That's dandy and a better profit than we expected. There's likely to be some profit taking and I was feeling a bit greedy and over-excited. Let's watch for a pullback and try the long side again. Over all, we'll likely continue this rally over the coming days. >Sell at 1448 or better. We can buy back. Too volatile.

[rkd80]

Mark, What is your rough estimate/desirable point for a long entry? A/D is rockin' and I am skeptical if we are going to get any kind of pullback at this point... One of those uneasy situations, you want to be in there, but its already so extended... rkd

[OEXCHAOS]

Somewhere around now. I'm looking long ...