7 replies to this topic

[Tor]

good bottom put in. personally i look for a good low to be put in october time. that is how i am looking to play it subject to revision. good trading to everyone.

Edited by Tor, 18 September 2007 - 05:28 AM.

[ogm]

What instruments are you trading ? A lot of individual stocks have already put in a bottom that you won't see again. For that matter, a lot of stocks never even sold off more then a few points. Next new highs in the DOW will come from VZ and T.

Edited by ogm, 18 September 2007 - 05:38 AM.

[ogm]

Don't you think that if all that crisis really mattered for stocks, the market would be already down ? Stocks are holding. And not because they anticipate a rate cut or not. If it was just a matter of a rate cut, market would be falling already. Don't you think that if Northern Rock bank run mattered, we'd sell off more then 40 points in 2 days on the DOW ?

[Tor]

Don't you think that if all that crisis really mattered for stocks, the market would be already down ?
Stocks are holding. And not because they anticipate a rate cut or not. If it was just a matter of a rate cut, market would be falling already.

Don't you think that if Northern Rock bank run mattered, we'd sell off more then 40 points in 2 days on the DOW ?

The reality is that the market is hoping for a policy response.

it will come, and then what?

I dont see a low put in IT without a little more testing.

We cant even take out the aug 8 highs, which is pathetic imo.

That is my pivot.

[ogm]

Don't you think that if all that crisis really mattered for stocks, the market would be already down ?
Stocks are holding. And not because they anticipate a rate cut or not. If it was just a matter of a rate cut, market would be falling already.

Don't you think that if Northern Rock bank run mattered, we'd sell off more then 40 points in 2 days on the DOW ?

The reality is that the market is hoping for a policy response.

it will come, and then what?

I dont see a low put in IT without a little more testing.

We cant even take out the aug 8 highs, which is pathetic imo.

That is my pivot.

Oh so with all those deafening doom and gloom screams you want the market to be taking out new highs, not just holding 5% off the highs ? You have very high expectations.. things don't work like that

It will take time to chew through the resistance.

Edited by ogm, 18 September 2007 - 06:10 AM.

[eminimee]

two guys saying basically the same thing but arguing over it!! lol

[SilentOne]

I don't really see the need to get excited here. If I was jumping up and down here about the market, it would probably be because I want the market to do something and I am not sure what it is going to do.

Here is a really simple chart. The lines are clear and resistance is very clearly defined. A break below the lower trendline would be bearish, a break above the upper trendline is bullish. I bet we'll test either one today.

Footquarter's charts

cheers,

john

[NAV]

good bottom put in. personally i look for a good low to be put in october time.

that is how i am looking to play it subject to revision.

good trading to everyone.

Why not play what is presented now instead of waiting for something that you look forward to, which may or may not come.