The highest I can see the market going Robert is to the FP of DIA 118.16 (about 11,800 Dow), but I wouldn’t dare chase it at these overbought levels.
If you’re daytrading, then fine… but I do options and look for a several day move. Go long here is too risky for my blood. Going all in short at the DIA print is what I’m waiting for.
But for now, I’ll just take small short positions until I see the up trend break. I’ll go long when the market hits Dow 8300, but not now. Good luck on those long though…
The answer to the riddle is that it is a back door bail out for the global, not just the US, financial system. Ben is not lying that it will benefit the economy. He just left out the fact that if the banks fail, there goes the economy. When things look ridiculous, as they do now, one needs to step back and view it from another angle. We must be in really deep shit for Ben to be going all out. He knows that everyone is going to suffer, but maybe less so if the system collapses.
Good luck on that Z…
Let’s hope it take the rest of the market down with it.
The highest I can see the market going Robert is to the FP of DIA 118.16 (about 11,800 Dow), but I wouldn’t dare chase it at these overbought levels.
If you’re daytrading, then fine… but I do options and look for a several day move. Go long here is too risky for my blood. Going all in short at the DIA print is what I’m waiting for.
But for now, I’ll just take small short positions until I see the up trend break. I’ll go long when the market hits Dow 8300, but not now. Good luck on those long though…
Buy the dips…..seasonals very favorable starting with Veterans Day…..
Thursday, my advice, don’t go long anything, until the last 5 minutes of trading. That’s about when you will get the best intraday price.
Hi Red!
Here’s your bad event—-Black Thursday it will be.
CSCO DOWN 13% IN AH—
I have heavy shorts on FFIV, lucky lucky me….
Dow Jones analysis after closing bell
http://niftychartsandpatterns.blogspot.com/2010/11/dow-jones-analysis-after-closing-bell_11.html
New post…
The answer to the riddle is that it is a back door bail out for the global, not just the US, financial system. Ben is not lying that it will benefit the economy. He just left out the fact that if the banks fail, there goes the economy. When things look ridiculous, as they do now, one needs to step back and view it from another angle. We must be in really deep shit for Ben to be going all out. He knows that everyone is going to suffer, but maybe less so if the system collapses.
Wow! That’s huge!
The Yen Emperor just flashed crashed!
http://finviz.com/futures_charts.ashx?t=6J&p=m5