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12:10 PM
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DOW Watch January 22, 2009 – It’s Alive! It’s Alive!
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[quote:Anonymous Coward 551666:MV83MTA5NDhfMTA4OTgwOTBfQzQ3ODEyRg==] [quote:all2human] Do U watch the market everyday like I do..Every down day has a 2-2:30 major ADJUSTMENT.Thats right its all that sideline money coming in after lunch..They used to come in at 3:30 everyday now its twice a day. I guess your right and linear there is no PPT and the market is free. I trade everday so I can see what happens almost to the minute. You trade everyday yet you make claims which historical charts of the markets prove to be false? Like I said at best out of the last 10 days you can only point to two days that are anything like you describe in fact what you describe only really happened today. You are full of crap you say you get out of the market at 12 because you know the PPT are going to come in. Why? If you know for sure when the market is going to go up why not profit from it? [/quote] Its hard enough to trade daily without bouncing both ways. I take the downside-Short ETFs and shorting stocks directly. I will make 5-6 trades on the same ETF for between 3-5$ gains per share.If its not there maybe 2. When the market starts an upeard turn I sit it out and just watch. When it moves 300-500pts up I bust out and the shorting starts. You don't trade shit and haven't watched an 8hr session yet. Old charts are good but the market today is much different so the old charts are just that OLD. you have to be fast. I do belive 1 thing the OLD charts all say is that the month of March all recession/depressions have retested the lows or have broken through them.. The PPT is there everyday the market is down Fukkin tool-how old are you 15 with your cool avatar Seen your 2 threads with no replies-doing well. Do U trade or just watch CNBC for all your stock news LOL. :tomato: [/quote]
Original Message
The PPT that is!
Well I am humbly 0-2 this week and about to send myself to the bench. What have I learned the past two days? That the PPT is alive and well!
I challenge anyone to produce a single piece of good economic news. Long and short there is none. HSBC rises in Europe based on ‘pledge’ of ‘an expanded and prolonged role stabilizing banks’. What a load of garbage! Yet Europe’s stocks are up.
Folks let me repeat the quote by Treasury Secretary Nominee Geithner, ‘an expanded and prolonged role stabilizing banks’. Read between the lines. Expanded and prolonged sounds an awful lot like another way of saying Nationalize the banks. This site often discusses the theory of one global currency. If Banks globally are nationalized then the theory is just one step away from actuality. Frankly, I am very concerned about where this is headed.
End of the day call.
If unemployment numbers top 550K then -245
If unemployment numbers under 550K – 95
If unemployment numbers under 500K +35
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