Comments on: Waiting On Obama… http://reddragonleo.com/2010/01/26/waiting-on-obama/ Wed, 08 Feb 2012 11:56:38 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: url http://reddragonleo.com/2010/01/26/waiting-on-obama/#comment-59425 url Wed, 25 Jan 2012 03:24:02 +0000 http://reddragonleo.com/?p=1106#comment-59425 <strong>... [Trackback]...</strong> [...] Read More Infos here: reddragonleo.com/2010/01/26/waiting-on-obama/ [...]... … [Trackback]…

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]]> By: monicadern http://reddragonleo.com/2010/01/26/waiting-on-obama/#comment-5100 monicadern Thu, 28 Jan 2010 08:58:14 +0000 http://reddragonleo.com/?p=1106#comment-5100 Well in all fairness, he said he would give the money to community banks, not investment banks. Still don't know how feasible that one is. Well in all fairness, he said he would give the money to community banks, not investment banks. Still don't know how feasible that one is.

]]> By: Red Dragon Leo http://reddragonleo.com/2010/01/26/waiting-on-obama/#comment-5099 Red Dragon Leo Thu, 28 Jan 2010 08:34:36 +0000 http://reddragonleo.com/?p=1106#comment-5099 He's a great speaker Monica... but so was Hitler! (Not saying he's Hitler... just saying he's good). I like how he's going to take 30 Billion of the money the banks paid back, and re-give it back to them to give out more bonuses... errrr, I mean loan out more money! Yeah, right! He's a great speaker Monica… but so was Hitler! (Not saying he's Hitler… just saying he's good). I like how he's going to take 30 Billion of the money the banks paid back, and re-give it back to them to give out more bonuses… errrr, I mean loan out more money! Yeah, right!

]]> By: monicadern http://reddragonleo.com/2010/01/26/waiting-on-obama/#comment-5098 monicadern Thu, 28 Jan 2010 08:16:41 +0000 http://reddragonleo.com/?p=1106#comment-5098 Like the explanation - thanks Red. Watching State of the Union address. Anyway, whatever you think of him, he is a motivating speaker. Like the explanation – thanks Red. Watching State of the Union address. Anyway, whatever you think of him, he is a motivating speaker.

]]> By: Red Dragon Leo http://reddragonleo.com/2010/01/26/waiting-on-obama/#comment-5097 Red Dragon Leo Thu, 28 Jan 2010 05:50:18 +0000 http://reddragonleo.com/?p=1106#comment-5097 Monica,<br><br>We hit an intra-day low of 1083... that might be close enough? So, we could have finished a smaller wave 4 up (inside of the larger wave 1 one down... from 1150-1083) on that pop higher to just under 1100.<br><br>If so, then the wave 5 down is finished too. That means that we could be starting the larger wave 2 up (from 1083 to ?... maybe 1120 area). This up move could last a week or more and chop around quite a bit.<br><br>So, your downside is severely limited right now. That's why I would get out and sit on the sidelines. If we're not finished with the wave 5 down move, then we could fall to 1080 tomorrow... but it's just not worth the risk (IMHO)<br><br>Red Monica,

We hit an intra-day low of 1083… that might be close enough? So, we could have finished a smaller wave 4 up (inside of the larger wave 1 one down… from 1150-1083) on that pop higher to just under 1100.

If so, then the wave 5 down is finished too. That means that we could be starting the larger wave 2 up (from 1083 to ?… maybe 1120 area). This up move could last a week or more and chop around quite a bit.

So, your downside is severely limited right now. That's why I would get out and sit on the sidelines. If we're not finished with the wave 5 down move, then we could fall to 1080 tomorrow… but it's just not worth the risk (IMHO)

Red

]]> By: monicadern http://reddragonleo.com/2010/01/26/waiting-on-obama/#comment-5096 monicadern Thu, 28 Jan 2010 05:27:30 +0000 http://reddragonleo.com/?p=1106#comment-5096 Thanks Red Dragon! Didn't go short today. Went short at the highs yesterday so I am OK. I will cover tomorrow. But my question is, you said to short after today's rally during the FOMC meeting. So, why now are you holding off and speculating that the market is going to 112? My issue is that everyone is speculating that it will go to 112. I don't think the market is that easy. The drop will catch us all off guard when we least expect it to. Yes, now we have oversold indicators but when there is a crash, all the indicators will be reading oversold. Anyway, it's not about pride or being stubborn. I am wrong a lot of time (including this time) and I admit it. But, that is why I am more fearful of trading in and out rather than just hanging tight. I think we all have to define our time frames and mine is longer term. Problem is I don't know how long I can take it going against me. Thanks Red Dragon! Didn't go short today. Went short at the highs yesterday so I am OK. I will cover tomorrow. But my question is, you said to short after today's rally during the FOMC meeting. So, why now are you holding off and speculating that the market is going to 112? My issue is that everyone is speculating that it will go to 112. I don't think the market is that easy. The drop will catch us all off guard when we least expect it to. Yes, now we have oversold indicators but when there is a crash, all the indicators will be reading oversold. Anyway, it's not about pride or being stubborn. I am wrong a lot of time (including this time) and I admit it. But, that is why I am more fearful of trading in and out rather than just hanging tight. I think we all have to define our time frames and mine is longer term. Problem is I don't know how long I can take it going against me.

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