Comments on: Could War In Yeman Crash The Stock Market?

By: Red Dragon Leo

Red Dragon Leo — Sun, 09 May 2010 16:34:56 +0000

This is an old post now. Please drop by the home page. I'll have my weekend update up by late Sunday night.

By: investor relations

investor relations — Sun, 09 May 2010 09:33:16 +0000

The only way to know for sure is to wait and see.

By: Red Dragon Leo

Red Dragon Leo — Wed, 10 Feb 2010 00:40:04 +0000

Look for something in news about Greece to cause this market to tank. Remain patience… I'm still short. This is not bullish.

By: Michigan

Michigan — Wed, 10 Feb 2010 00:28:43 +0000

Red,
Thanks for the explanation on Stargate.
IMHO, today's move is clearly bullish short-term. As usual losing money from all angles.

Good luck to all…

By: Red Dragon Leo

Red Dragon Leo — Tue, 09 Feb 2010 22:45:58 +0000

I hope so too girl…

By: monicadern

monicadern — Tue, 09 Feb 2010 22:45:04 +0000

I just turned my head for a second and the market plunged 50 points. What volatility! I just hope the terrorists don't target Disneyworld If it were to happen though I think they would go after the winter olympics.

By: Red Dragon Leo

Red Dragon Leo — Tue, 09 Feb 2010 22:41:54 +0000

This is forming the ABC move up to 1080 that I said was possible. The news that they are going to bailout Greece is what drove this move up.

You can't predict this news events. I'm staying short, as I still believe we are going down. What will that crazy idiot do on Thursday is what concerns me. A terrorist attack?

By: monicadern

monicadern — Tue, 09 Feb 2010 22:37:54 +0000

Are we having fun yet?! Oh well :0 Still hanging.

By: Red Dragon Leo

Red Dragon Leo — Tue, 09 Feb 2010 20:59:55 +0000

That's correct bensjoyce. The technicals will set up the move first, and then the news will cause the move to happen.

By: bensjoyce

bensjoyce — Tue, 09 Feb 2010 20:52:14 +0000

Is technical analysis alone the answer? It seems that using "some" fundemental analysis aids in incorperating some common sense.

I suspect the plunge will not happen until some fundemental news surfaces, the proverbial match that lights the fire. That might be (using common sense) is retail sales AND some sort of European summit, both on thurday.

Weak retail sales can tank the S&P. And if the summit doesn't fix Greece than that will grease the skids for the Euro to tank which correlates with a downside S&P

It's true last week that the S&P tanked thurs. the day before the employment figure came out. but I think the market was factoring in the fundementals (the big revisions) beforehand.

Should have followed my original plan to buy puts just before the match was lit. Wed pm