It teaches us that all technical analysis is worthless if you
don't go with the trend, if you do not trade what the market is
doing instead of what you think it should or could do. Forget all
the bearish/bullish signals. The powers that be can see them too
and can manipulate them. The big drop wont come, can't come until
"they" are ready to be short again.
I would add that I can see the market up into the election and
then crash afterwards perhaps in a "buy the hope and sell the fact"
of the demise of socialist control of congress.
Posted by Palladin on 13th of Sep 2010 at 10:03 am
that is the million dollar question.
we always talk about the "markets" as if it were an entity from
outer space, yet we are all part of it. How come most of us (I
assume) don't really know at any given time where the market is
going? We take educated guesses based on tech analysis and
indicators etc. but the market moves in great waves (don't even say
Elliott here) like starlings in the fall yet most of us seem to be
outsiders.
Perthx might be right that anything but the trend is useless
conjecture.
what does this market teach us?
Posted by perthx on 13th of Sep 2010 at 09:50 am
It teaches us that all technical analysis is worthless if you don't go with the trend, if you do not trade what the market is doing instead of what you think it should or could do. Forget all the bearish/bullish signals. The powers that be can see them too and can manipulate them. The big drop wont come, can't come until "they" are ready to be short again.
I would add that I can see the market up into the election and then crash afterwards perhaps in a "buy the hope and sell the fact" of the demise of socialist control of congress.
obama will get his praise
Posted by freddy123321 on 13th of Sep 2010 at 10:07 am
obama will get his praise eventually
Watch and learn the TRUTH...
Posted by jtverr on 13th of Sep 2010 at 10:12 am
http://www.youtube.com/watch?v=eAaQNACwaLw
Are you sayin' the game's
Posted by jtverr on 13th of Sep 2010 at 09:51 am
Are you sayin' the game's rigged?
R U kidding
Posted by rreich on 13th of Sep 2010 at 09:55 am
of course....
Well, how do I get
Posted by jtverr on 13th of Sep 2010 at 09:57 am
Well, how do I get on the inside? You know, where the big guys are...
that is the million dollar
Posted by Palladin on 13th of Sep 2010 at 10:03 am
that is the million dollar question.
we always talk about the "markets" as if it were an entity from outer space, yet we are all part of it. How come most of us (I assume) don't really know at any given time where the market is going? We take educated guesses based on tech analysis and indicators etc. but the market moves in great waves (don't even say Elliott here) like starlings in the fall yet most of us seem to be outsiders.
Perthx might be right that anything but the trend is useless conjecture.
Get to be a gazillionaire
Posted by erty on 13th of Sep 2010 at 10:02 am
Get to be a gazillionaire and donate huge $$ to the Democans and Republicrats
Right on! Just PM'ed perthx
Posted by jtverr on 13th of Sep 2010 at 10:04 am
Right on! Just PM'ed perthx about the 'republocrates'...the false left-right paradox has fooled too many Americans for far too long!
nah, speaking of cycle, I
Posted by matt on 13th of Sep 2010 at 10:14 am
nah, speaking of cycle, I stay with my point, the market moves in secular and cyclical phases, read my hold post
http://breakpointtrades.com/blog/post/122929/
i agree...
Posted by madaneag on 13th of Sep 2010 at 09:51 am
i agree...