Hi guys,
The competition is really getting interesting for me and I have captured two views.
The first is based on the leader board with Gaffs in first place.
The second is in order of bullish sentiment. The up and down should be 9 v 9 as I've just realised I've made a small rounding error. (Images show 10v8 re: Bears v Bulls).
The trading range is a mere 50 ticks - 1521 - 1471. So I really feel a consolidation and convergence is taking place in the group. 5 ticks difference between the Averages approximating to 1500. How fantastic is that??? Just numbers or market psychology in full play?
I have also added colour coding in terms of Gold / Silver / Bronze for weekly podium winners.
Finally, out of the 8 tanker squadron members, only Isatrader has reversed his bearish sentiment and has gone long this week. I so hope it works out for Isatrader
So, in otherwords ***** the other 7 of us??
I thought this was a friendly thread
Peter
So, in otherwords ***** the other 7 of us??
I thought this was a friendly thread
Peter
...Finally, out of the 8 tanker squadron members, only Isatrader has reversed his bearish sentiment and has gone long this week. I so hope it works out for Isatrader
Not sure about the 7 of you but someone has to come last
Don't worry so much - you are doing well holding 'down' that position. :cheesy:
Well, if I'm going to stink up the place I might as well do it right!
Peter
I don't. 'isatrader the traitor' I call him!. . . I so hope it works out for Isatrader
I don't. 'isatrader the traitor' I call him!
Tim.
I don't. 'isatrader the traitor' I call him!
Tim.
I keep hearing the following mentioned on the TV and the web:
"Small investors are back in the market after abandoning it during the financial crisis. The return by individual investors is a big reason why the Dow Jones Industrial Average is moving toward an all-time high. The Dow has jumped 850 points in January, a 6.5% gain, marking its best start to a new year since 1989, the Wall Street Journal reports"
However, the data doesn't seem to back up the above statement, as the NYSE (NYTV) total volumes are making new lows and have been around the declining moving average since the start of the year, the Nasdaq (NATV) is close to new lows, and the AMEX (AMTV) is also close to new lows and has been massively lower since the crisis. So even if this money is coming in somewhere, other market players are clearly still getting out of the main exchanges. Or moving to alternate exchanges to hide their activity.