StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500<< 1 ... 6 7 8 9 10 ... 30 >>Post Follow-up
nikoschopen
2,824 posts
msg #61207
Ignore nikoschopen
4/7/2008 8:40:46 PM

Either way, have ure barf bag ready because it ain't gonna be a smooth ride.

6263
3 posts
msg #61216
Ignore 6263
4/8/2008 3:11:20 AM

Keeping within this thread, monthly/daily volume on SPY seems low to keep price. Looking lower into July myself. But follow your own ideas. They are probably better than mine. Bad news, higher oil, alarming/creative events and the media/market is looking up. Watching Ben discuss BSC with our leadership was just interesting.
Otherwise a few questions;
-The Fed could inflate the market to what?
-If you are in the markets to collect USD, are those dollars going to buy?
-What is your thought on wealth preservation? BRIC, inverse ETF. gold, or just make more?
-Amount/impact of foreign investment in US markets- happening to UYG?

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!

StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500<< 1 ... 6 7 8 9 10 ... 30 >>Post Follow-up

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