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| nikoschopen 2,824 posts msg #53509 - Ignore nikoschopen |
7/26/2007 11:45:02 AM I should add that when the market retraces back up from its low, it's not a cue for you to "load the boat" but to "sell into strength". Just my useless 2-cents. |
| msummer2007 129 posts msg #53510 - Ignore msummer2007 modified |
7/26/2007 11:54:34 AM Depending on your time horizon. Day trading yes, I agree with your statement,longer term holdings should be filled in stages. We have just seen a great starting point for longer term accumulation. Longer term being 1-3 month holdings. Niko check your mail!!! Thanks |
| nikoschopen 2,824 posts msg #53512 - Ignore nikoschopen |
7/26/2007 12:06:27 PM According to my sources, 13630 should be the intermediate reversal area for the Dow. Good luck. |
| nikoschopen 2,824 posts msg #53513 - Ignore nikoschopen |
7/26/2007 12:17:38 PM The Dow is forming a "double bottom" pattern around its low, which should be seen as a bullish signal. But exercise ure own good judgment and always use stops! |
| nikoschopen 2,824 posts msg #53514 - Ignore nikoschopen |
7/26/2007 12:44:11 PM Damn, this is getting to be really spooky. |
| msummer2007 129 posts msg #53515 - Ignore msummer2007 modified |
7/26/2007 12:52:32 PM Think about it, the market ran up without an end in sight, now the selling should follow suit. This is healthy, let some of the air out of the over inflated balloon. Considering the long advance, this sell off is minor. A blip on the screen, a pimple on the bulls A@$. Made my first commitment in X at 99.50 |
| nikoschopen 2,824 posts msg #53519 - Ignore nikoschopen |
7/26/2007 1:27:40 PM msummer2007, In case ure interested in my system, here's a teaser for you. |
| msummer2007 129 posts msg #53521 - Ignore msummer2007 |
7/26/2007 1:35:31 PM Niko Awesome graphics, Now all I need to do is learn to trade it. That should be the easy part right! LOL Email me let me know what your time schedule is. |
| nikoschopen 2,824 posts msg #53522 - Ignore nikoschopen modified |
7/26/2007 3:15:54 PM Any probability of bottom-fishers to swoop down tomorrow? Also keep in mind that there will be short-covering by daytraders like me towards the close. If we can manage to sustain a meaningful rally from here on to the end, the greater is the likelihood of those bargain-hunting vultures to crash the ongoing party. Party poopers. LOL |
| msummer2007 129 posts msg #53523 - Ignore msummer2007 |
7/26/2007 3:41:17 PM You will see a dead cat bounce in the market tomorrow. If I had to venture a guess, I would say the market has much more to drop over the next month or so. You have been very accurate in your predictions(congratulations). I tip my cap. I must admit when I set up my first commitment in X and then the market went on to plunge another 100 my hands started sweating mucilage. It seems to have stabilized now, we shall see tomorrow. I am interested in learning your style of trading. Thanks for the invite!!! Bob |
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