A warm hearted thanks for your comments ukhero.
I was just about ask if we should start a similar thread for next years activities and it seems like we have some appreciation for all that took part.
A thread which had many views, many posts, many participants and many visitors. Oh we had a few arguments as well. All the ingredients for an excellent thread which was successful due to the participation of most T2W members.
Before I start a new thread for next years fiasco's could we please have some suggestions.
So the Dow ended down for the year and its fair to say that yes are still sitting near highs but the year of 2005 was not much more than whipsaw......
Next year 2006 seems likely to be a negative year but the one assumption that I feel will be most likely next year is........Increased volatility.......
I would like to carry out some more concise research but I'm inclined to say that the Dow will top this years highs next year.......11,000 could well be taken on the upside which should then lead the way to a decline below 10000......
Yes I did suggest we will see 10400, 10200 and 10000, 9800.......not all occurred....but when the Dow was sitting high and pretty I conducted a poll asking members if they think we will hit or close above 11,000.....in which I answered no touch 11000 let alone close above it......
This year I'm not sure on 11,000 but I feel more good about the difficult number then I did this time last year.....10,000 also looks good.......
Yes this year was difficult to trade in as on a 1 year basis you could say the Dow did nothing!.....We finished where we started and the Dow gave us less than 900 points in range..........It will be a better 'trending year' but my advise would be to all, if you can't be versatile than learn.....Its going to be a B***h of a year.......
Going back to my earlier request.......please post you suggestions for a new name for this thread in 2006......and please try to keep them professional.......I know Rudeboy will definitely give some 'dodgy' ones!
May I also take this opportunity to thank all at T2W and from me to all that read this thread the following message is for you.....
“We will open the book. Its pages are blank. We are going to put words on them ourselves. The book is called Opportunity and its first chapter is New Year's Day.”
The opportunity is present, whatever 'you' want, 'you' make it happen!
HaPPy NeW YeaR.......2006 bring it on........ :!: