Where is the Dow & others heading in 2005?

SOCRATES said:
And yesterday I told you all it was capped, and capped it remains, 10305 ~10310 or thereabouts....must go...

Cap has obviously fallen off :LOL: :LOL: :LOL:

However I'm sure that you knew it would go down 110 pts but just forgot to tell anyone :LOL: :LOL: :LOL:
 
Toot, toot, te tooot, wonder if the Fed is rustling up the cavalry?
 
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But to be fair to myself, i have had things on my mind, like....porn, and....beer and pictures of women with no clothes on. I really need to get things in perspective, because at the moment my trading is lagging well behind porn and beer?
 
User, to be honest, there doesnt seem much interest in it at the mo. Maybe 500 was a bit to bold for the moment?
 
kriesau said:
Interesting commentary - thanks for posting it. He is pretty convincing about an upside today !

On the other hand Charlie says

"Does (yesterdays) afternoon recovery of the mornings heavy losses and the positive closes translate for the begining of an upday tomorrow ? I don't believe so ! The normal daytraders look as though they have been encouraged to hold their positions overnight, normally a no-no. Poor performance in the morning would encourage them to sell, exacerbating a reversal of significance. The cyborgs aka 'fast hedgies' prefer to crash the markets so todays up action is probably enough for them. Just enough to suck in "the dentists" who are crying for a sign of an upwards move"

There you have it - two diametrically opposed views. Be interesting to see who is right today !

As always the 'experts' disagree so some will be right and others wrong.
Sigh - twas ever thus :rolleyes: :rolleyes:

I think that I can claim victory for Charlie today against the guy from Market Watch.
Charlie said it would be a down day and it was by a big margin !
 
Joules MM1 said:
Alan Greenspan, in my view is a fine artisan, considering the tools he has at hand (all of which are blunt).

The Fed is unable to give genuine cause and effect to the market place.

Such genuine effect (Sir) Greenspan has tried to apply via a theorem of mortgage carriage and has embellished the view of exponential credit use.

The Augean stable doors were left wide open to the unmistakable premise that the horses would never bolt and in this instance that the system in situ was nature proof.

Julian

In plain English this means what? :?:
 
kriesau said:
Cap has obviously fallen off :LOL: :LOL: :LOL:

However I'm sure that you knew it would go down 110 pts but just forgot to tell anyone :LOL: :LOL: :LOL:
To be an ignorant buffoon and a dunce is not a crime.

But it is a crime to impose that ignorance on others.

I hold the view you ought not to be involved in any of this, as your levels of awareness do not allow you to understand the most basic concepts.

Yesterday I said the Dow was capped at between 10305 and 10310, or thereabouts.

The proof of the pudding is that it closed at precisely 10300 last night.

Today I announced that the cap was still in place, no change, at 10305 to 10310 or thereabouts. I then confirmed it twice. The Dow has not broken the cap and has done exactly as expected. IT HAS SUBSEQUENTLY FALLEN, NOT RISEN, AND TO A CURRENT LEVEL OF 10203.60 !

In my post 3754 on this thread, for the benefit of newbies, I explained that a cap is the same as resistance, go on, look at it. And while you are at it look at my posts 3734 and 3766 as well.

Really, one does get exasperated at having to deal with dunces !
 
Racer said:
Because of what I read in the tealeaves ... uh, I mean charts
can i suggest a book "computer analysis of the futures market by c. Lebeau & d. Lucas it might help with ADX & +M -M etc etc & all the other t.indicators probably best book in market
 
Joules MM1 said:
Alan Greenspan, in my view is a fine artisan, considering the tools he has at hand (all of which are blunt).

The Fed is unable to give genuine cause and effect to the market place.

Such genuine effect (Sir) Greenspan has tried to apply via a theorem of mortgage carriage and has embellished the view of exponential credit use.

The Augean stable doors were left wide open to the unmistakable premise that the horses would never bolt and in this instance that the system in situ was nature proof.

Julian
And in addition, the marketplace does with prices what it has to do, irrespective of the knight's pronouncements or actions. This is because one is divorced from the other, to the bafflement of many and the wry amusement of the few.
 
RB just assess the situation, where you went wrong?

Have you got a trading plan? timeframe? Or stop loss? You need to condition yourself to think which type of trading you want to occupy yourself with....act accordingly and don't batter yourself when you lose......just put the situation into perspective....

Today we saw a range and I know I would have been short when we broke 10275 15min chart, however I didn’t as I was following the weekly chart. Should we close below 10270 area for Friday then the upward stance would be over.... :arrowd: :arrowl: :arrowu: :arrowr:

Well done to those that caught the move.....Slapshot nice one......in the bank!
 
Highest volume of the week on the NYSE, though not a huge volume, but the pattern of higher volume selling and lower volume up days continues
 
SOCRATES said:
To be an ignorant buffoon and a dunce is not a crime.

But it is a crime to impose that ignorance on others.

I hold the view you ought not to be involved in any of this, as your levels of awareness do not allow you to understand the most basic concepts.

Yesterday I said the Dow was capped at between 10305 and 10310, or thereabouts.

The proof of the pudding is that it closed at precisely 10300 last night.

Today I announced that the cap was still in place, no change, at 10305 to 10310 or thereabouts. I then confirmed it twice. The Dow has not broken the cap and has done exactly as expected. IT HAS SUBSEQUENTLY FALLEN, NOT RISEN, AND TO A CURRENT LEVEL OF 10203.60 !

In my post 3754 on this thread, for the benefit of newbies, I explained that a cap is the same as resistance, go on, look at it. And while you are at it look at my posts 3734 and 3766 as well.

Really, one does get exasperated at having to deal with dunces !

I agree, you're not a criminal just a moron who seeks to inflict his B/S on others.

So you posted that 10300 was a resistance level - my god, how ABSOLUTELY BRILLIANT :rolleyes:

I really get exasperated by seeing the meaningless trash that you post here and your inane and pompous postering as some kind of self appointed guru on the markets. You might take in some of the other inmates of the old folks home with your drivel but it doesn't cut any ice with the people here.

Oh and by the way - where is your prediction/view/opinion/forecast/extrapolation (I think that covers most of the semantics) that the market would fall :arrowd: 110 pts today , oh most wise and gifted one !
Not an insignificant move huh !
 
kriesau said:
I agree, you're not a criminal just a moron who seeks to inflict his B/S on others.

So you posted that 10300 was a resistance level - my god, how ABSOLUTELY BRILLIANT :rolleyes:


I really get exasperated by seeing the meaningless trash that you post here and your inane and pompous postering as some kind of self appointed guru on the markets. You might take in some of the other inmates of the old folks home with your drivel but it doesn't cut any ice with the people here.

Oh and by the way - where is your prediction/view/opinion/forecast/extrapolation (I think that covers most of the semantics) that the market would fall :arrowd: 110 pts today , oh most wise and gifted one !
Not an insignificant move huh !

Do you think that any of this is going to make Socrates change? I think it is better to have a bit of a sense of humour about what is posted here. After all, we all stick to our well worked out trading methods and only look here for a bit of entertainment dont we :?:
 
Joules MM1 said:
Not necesarily as this implies the US Fed (and by implication all other central banks) is independant of market forces which is always proven false.

The fed is part of the market and cannot escape the markets influence.

Unfortunately, most people see the order of true market ascendancy the wrong way around....until....
No it is not. This is because the market is making up and adusting, to the second, prices in stocks, bonds, futures, options and not in the US Dollar.

The Fed is responsible for the US Dollar and not for making and adusting prices either in the cash market for equities and bonds or in the market for derivatives such as options and futures, wihtout considering commodities.

Really, Joules, you ought not to say these things for the sake of saying them, as they only serve to confuse and muddle the majority, who are the most vulnerable.
 
kriesau said:
I agree, you're not a criminal just a moron who seeks to inflict his B/S on others.

So you posted that 10300 was a resistance level - my god, how ABSOLUTELY BRILLIANT :rolleyes:

I really get exasperated by seeing the meaningless trash that you post here and your inane and pompous postering as some kind of self appointed guru on the markets. You might take in some of the other inmates of the old folks home with your drivel but it doesn't cut any ice with the people here.

Oh and by the way - where is your prediction/view/opinion/forecast/extrapolation (I think that covers most of the semantics) that the market would fall :arrowd: 110 pts today , oh most wise and gifted one !
Not an insignificant move huh !
I respectfully suggest to you that you calm down, count to ten and then read all of it again, hopefully this time you will be able to understand it, because all of it is obvious. You cannot complain that I do not tell you everything. Well, nearly everything you can be entrusted with being told, that is.
 
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