| StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500 | << 1 ... 6 7 8 9 10 ... 30 >>Post Follow-up |
| zeezeetop 30 posts msg #61218 - Ignore zeezeetop |
4/8/2008 8:36:46 AM SPY could be in a short term breakout to the down side or at least until GE reports on Friday. Watch ZZ after COB today. This could be an indicator on the economy. |
| nikoschopen 2,824 posts msg #61226 - Ignore nikoschopen |
4/8/2008 11:32:10 AM 6263, They're all interesting as well as pertinent questions which I, as a daytrader, am hardly qualified to answer. However, it's my opinion that Bernanke & Co. is stoking the inflation to intentionally deflate the value of currency, which is always the preferred method in a time of recession. When the global economy is in a fine shape, this would otherwise be a welcome news for the foreigners since they can scoop up pieces of our real estate dirt-cheap. But with the dollar free-falling and the rest of the world going sour by the minute, you would likely see foreign investments dry up and the treasury bonds going belly up. As far as wealth preservation goes, I'm a huge believer of wealth ACCUMULATION, not preservation. |
| nikoschopen 2,824 posts msg #61227 - Ignore nikoschopen |
4/8/2008 11:42:34 AM The SPOOZ (S&P futures) has since hit the upper trendline extending back to 04/02 from below and is now retracing its move back down. This should be a nice short setup. |
| nikoschopen 2,824 posts msg #61228 - Ignore nikoschopen |
4/8/2008 11:51:21 AM |
| nikoschopen 2,824 posts msg #61235 - Ignore nikoschopen |
4/8/2008 2:28:47 PM BTW if ure not sure how one market is affected by another market, check out John Murphy's "Intermarket Analysis". |
| nikoschopen 2,824 posts msg #61236 - Ignore nikoschopen |
4/8/2008 2:42:41 PM |
| maxreturn 745 posts msg #61238 - Ignore maxreturn modified |
4/8/2008 3:35:26 PM Think we got our answer Niko. Geez, all I want is a meaningful pullback on the daily charts to nip away at the long side. |
| nikoschopen 2,824 posts msg #61240 - Ignore nikoschopen modified |
4/8/2008 5:42:28 PM Max, Could it be anybody's guess that the market will gap lower tomorrow? Perhaps, but I think it will. Cheers! |
| karennma 8,057 posts msg #61246 - Ignore karennma |
4/8/2008 7:52:58 PM 1 or 2? okay, .. I pick #2! :>) |
| nikoschopen 2,824 posts msg #61253 - Ignore nikoschopen |
4/9/2008 12:30:00 PM Way to go, Karen! I'm sure you'll be richly rewarded. Here's the tentative game plan I will be following in the coming days. Unload the boat once the S&P reaches 1317 and then reload the guns at 1340 to ride the market down to 1250-ish. Easy enough? |
| StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500 | << 1 ... 6 7 8 9 10 ... 30 >>Post Follow-up |