well overall everyone is really mixed right now cause charts are out the window fundamentals dont make sense and the bull seems to be made out of lead / nothings able to kill it.Tomorrows reports on non farm payrolls and unemployment might give some direction but if its anything like today then news doesnt matter as well its just something to rally about.I wont disagree or agree with anything cause im not in a position to do so right now if it goes up wee if its down then its about dam time either way it goes its got me beat.Trying to make sense of this market is about as easy as getting to the moon can some people do it hell yes (granted im not one) but tons of people will suddenly find out everything they have learnt is close to useless. Strange enough the more i learn and the longer i am trading the market it seems the less i understand it.Every layer that i (think) i managed to strip i find another tougher layer under it.Sorry if im rumbling here but im tired the market has got me beat this time and i think its about time for me to take a break and review what i have learnt.
Ok going into the final hours of trading and this is the round up.Started today flat going into asia market (night trading) rather sluggish after which london trading gave the market a boost which it didnt look back on. Highest which i recorded 11383.50 low 11164.50.Since opening bell the dow has gone on a bull run and hasnt even look back there was a small pull back after hitting 11383.50 but it seems to be working off its oversold conditions right now.Currently its hugging 11356 as im typing this and i wont be surprise to see it trying and leg up during late trading.Red has pointed out that there should be some event happening over the weekend once the markets have close.Barring anything major happening over 24 hours tomorrow should be another upday as the market tries to go upwards towards the 11800 as the FP suggest.As anoopsan has shown on his charts there has been a break out and i dont see anything major to cause a swing down to close below that 11257 i will call it that the bulls have won it this time. Big question on everyones mind right now should be is it the right time to enter the market for long positions although i hate to go long i had to but im keeping it tighter then usual.For shorting positions i hate to say this but for the time being unless it swings and gives off a clear indication i wont be risking it.Might be going in for a short at fridays closing bell but that all depends on the market if anything really happened over the weekend monday at the start of trading isnt a bad time to get into it as well.For me im burnt yes BURNTTT to a crisp but i gotta keep my head up and look for the next battle.
@ Anna you really should be resting and hows ziggy
well overall everyone is really mixed right now cause charts are out the window fundamentals dont make sense and the bull seems to be made out of lead / nothings able to kill it.Tomorrows reports on non farm payrolls and unemployment might give some direction but if its anything like today then news doesnt matter as well its just something to rally about.I wont disagree or agree with anything cause im not in a position to do so right now if it goes up wee if its down then its about dam time either way it goes its got me beat.Trying to make sense of this market is about as easy as getting to the moon can some people do it hell yes (granted im not one) but tons of people will suddenly find out everything they have learnt is close to useless. Strange enough the more i learn and the longer i am trading the market it seems the less i understand it.Every layer that i (think) i managed to strip i find another tougher layer under it.Sorry if im rumbling here but im tired the market has got me beat this time and i think its about time for me to take a break and review what i have learnt.
Remember this video I posted back on August 29th?
http://www.youtube.com/watch?v=vlDm8cg9VyY&feature=player_embedded
read what i said to DJ 🙂
hahahha hey DJ could fool us both and be flat:)but I would bet the next move with direction will be down
We’ll see I guess? I just see that print being hit before the coming disaster next week.
Heheheh Anna says Down Red says UP this will be a nice match up
I think tomorrow we see some selling and disagree 🙂
It’s just a game they play. I think we are going up again tomorrow too…. DIA 118.16 here we come!
Ok going into the final hours of trading and this is the round up.Started today flat going into asia market (night trading) rather sluggish after which london trading gave the market a boost which it didnt look back on. Highest which i recorded 11383.50 low 11164.50.Since opening bell the dow has gone on a bull run and hasnt even look back there was a small pull back after hitting 11383.50 but it seems to be working off its oversold conditions right now.Currently its hugging 11356 as im typing this and i wont be surprise to see it trying and leg up during late trading.Red has pointed out that there should be some event happening over the weekend once the markets have close.Barring anything major happening over 24 hours tomorrow should be another upday as the market tries to go upwards towards the 11800 as the FP suggest.As anoopsan has shown on his charts there has been a break out and i dont see anything major to cause a swing down to close below that 11257 i will call it that the bulls have won it this time. Big question on everyones mind right now should be is it the right time to enter the market for long positions although i hate to go long i had to but im keeping it tighter then usual.For shorting positions i hate to say this but for the time being unless it swings and gives off a clear indication i wont be risking it.Might be going in for a short at fridays closing bell but that all depends on the market if anything really happened over the weekend monday at the start of trading isnt a bad time to get into it as well.For me im burnt yes BURNTTT to a crisp but i gotta keep my head up and look for the next battle.
@ Anna you really should be resting and hows ziggy
breath is quite strong trend up day don’t try to short too soon unless scalp