Rover Posted March 19, 2008 Share Posted March 19, 2008 Had to laugh: http://news.bbc.co.uk/1/hi/business/7304142.stm Clicked on the DOW only to see the **** falling out of it. Apparently it was good news that Morgan's profits were only 42% down http://newsvote.bbc.co.uk/1/shared/fds/hi/...t/2/default.stm Quote Link to comment Share on other sites More sharing options...
sandster Posted March 19, 2008 Share Posted March 19, 2008 Maybe they know what's going to happen tomorrow Quote Link to comment Share on other sites More sharing options...
salamander Posted March 19, 2008 Share Posted March 19, 2008 Maybe they know what's going to happen tomorrow And even if they don't they will undoubtedly be afraid of what might happen tomorrow. It seems to be the case that so long is there is a rate cut or some "not so bad as we feared" news things proceed onward and upward. It's during the gaps inbetween that they get the chance to worry about what's going to happen next. Quote Link to comment Share on other sites More sharing options...
Gone baby gone Posted March 19, 2008 Share Posted March 19, 2008 It's nearly time for the daily cut. Quote Link to comment Share on other sites More sharing options...
bob monkhouse Posted March 19, 2008 Share Posted March 19, 2008 Well, 12399, its climbed back up now...looks like choppy waters tbh...don't think you can read anything other than uncertainty into this.... Quote Link to comment Share on other sites More sharing options...
cognitive dissonance Posted March 19, 2008 Share Posted March 19, 2008 jeesus christ calm down, it's about 60 points off yesterday's close - absolutely fook all in Dow terms.... move along, nothing to see here for now, 100% guaranteed! Quote Link to comment Share on other sites More sharing options...
Vaevictus Posted March 19, 2008 Share Posted March 19, 2008 Besides, after yesterday's rally, the DJIA has broken out a bearish channel and the MACD is shouting buy. (got that from tradingcentral.com) Click here to see our chart: http://www.tradingcentral.com/chart/INDU080319.GIF Our pivot point stands at 11960. Our preference: As long as 11960 is not broken down, we favour an upmove with 12750 and then 13000 as next targets. Alternative scenario: Only the downside breakout of 11960 will invalidate our bullish scenario. In this case, a decline should shape towards 11750 at first, and then 11510. Comment: Daily indicators are rebounding. The MACD has validated a bullish divergence : it's a buy signal. Trend: ST limited rise; MT range. Supports and resistances: 13250 *** 13000 ** 12750 * 12392 last 11960 * 11750 ** 11510 ** --- Quote Link to comment Share on other sites More sharing options...
fluffy666 Posted March 19, 2008 Share Posted March 19, 2008 Besides, after yesterday's rally, the DJIA has broken out a bearish channel and the MACD is shouting buy. Chartists are hilarious.. You do realise that pretty much every signal apparently found by these people will also be found in entirely random time series? Quote Link to comment Share on other sites More sharing options...
Guest DissipatedYouthIsValuable Posted March 19, 2008 Share Posted March 19, 2008 Chartists are hilarious.. You do realise that pretty much every signal apparently found by these people will also be found in entirely random time series? Never trust a graph. Quote Link to comment Share on other sites More sharing options...
VedantaTrader Posted March 19, 2008 Share Posted March 19, 2008 Chartists are hilarious.. You do realise that pretty much every signal apparently found by these people will also be found in entirely random time series? It depends what you define by chartists. If you can zoom right into the market structure, and see the interplay of volume, consolidation, dis equilibrium and equilibrium between buyers and sellers, then you will make alot of money being a "chartist" Richard Dennis made about 400million from being a chartist, Ed Seykota made probably more again. Everything is in the price action. For example yesterdays massive 400 move in the DOW was on half the average volume. This is bearish. If the rally had been on twice the average volume, then it would have had more meaning. Reading charts isnt about looking at obscure price patterns and coming to random conclusions...its about looking at the market in a 3 dimensional way, by looking at variable of time, price, volume, which can be sub divided into- acceleration, deceleration, increasing/decreasing volatility and many more things that I m not going into now...markets are not linear, chaos is present. Small incremental changes detected on very small time frames can lead to large ripple effects on larger time frames. Quote Link to comment Share on other sites More sharing options...
Bobajobbob Posted March 19, 2008 Share Posted March 19, 2008 Charts on an Index don't make much sense to me given the number of underlying stocks. Quote Link to comment Share on other sites More sharing options...
Roman Abramovitch Posted March 19, 2008 Share Posted March 19, 2008 I am looking for a drop of 200 points in the Dow today. Crisis,what crisis ? Quote Link to comment Share on other sites More sharing options...
Sofa Spud Posted March 19, 2008 Share Posted March 19, 2008 It was bound to fall back after yesterday's gains, from profit-takers, especially if they were part of a a 'sell/fall/buy' heist. But I've just been watching the Dow on ADVFN and its yo-yo ing 20 points between -160change and -180change almost second by second! Is that normal? Quote Link to comment Share on other sites More sharing options...
Darkman Posted March 19, 2008 Share Posted March 19, 2008 Maybe they know what's going to happen tomorrow Don't tell me..... BLACK THURSDAY! Quote Link to comment Share on other sites More sharing options...
the end is a bit nigher Posted March 19, 2008 Share Posted March 19, 2008 Chartists are hilarious.. You do realise that pretty much every signal apparently found by these people will also be found in entirely random time series? Christ, you sound stupid Quote Link to comment Share on other sites More sharing options...
Guest The_Oldie Posted March 19, 2008 Share Posted March 19, 2008 U.S. Stocks Decline, Led by Commodity Producers as Oil, Gold Prices Slide http://www.bloomberg.com/apps/news?pid=206...&refer=home Quote Link to comment Share on other sites More sharing options...
Roman Abramovitch Posted March 19, 2008 Share Posted March 19, 2008 My earlier post suggesting a fall of 200 points in the Dow was way off target, Make that nearer 300 points !!!! What a state the USA economy is in ,there must be another large bank about to collapse. Quote Link to comment Share on other sites More sharing options...
Leonard Hatred Posted March 19, 2008 Share Posted March 19, 2008 According to rumours, Bernanke is going to redefine "down" as "less up". Quote Link to comment Share on other sites More sharing options...
Scunnered Posted March 19, 2008 Share Posted March 19, 2008 A hefty cut in interest rates would soon sort things out. Quote Link to comment Share on other sites More sharing options...
Roman Abramovitch Posted March 19, 2008 Share Posted March 19, 2008 The best quote I have heard for some time. Alistair Darling would have been proud of it "The Federal Reserve is pedaling as fast as possible to keep the bicycle out of the ditch.'' Marvellous words Quote Link to comment Share on other sites More sharing options...
Scunnered Posted March 19, 2008 Share Posted March 19, 2008 ... for an hour or two. Quote Link to comment Share on other sites More sharing options...
Rover Posted March 19, 2008 Author Share Posted March 19, 2008 A hefty cut in interest rates would soon sort things out. Yes, as you said for about 4 - 8 hours. Enough time for the brokers, speculators and dealers to make a quick 2-3%. It really is unbelievable, unfortunately I lack the courage (or is it stupidity) to gamble on this highly predictable behaviour. When my STR fund becomes available in April, I may reconsider - but i doubt it Quote Link to comment Share on other sites More sharing options...
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