I really believe/hope....that it is Obama's plan to "bottom"
things out early in the year....blame it on the past regime and set
the expectations low...lets just hope they can beat lowered
expectations...
dylan398- here's a scenario that I see playing out: So let's
say my long term wave count plays out i.e. wave A ends sometime
soon over the next week or two maybe, then we get a nice B wave
counter trend rally which lasts many weeks and retraces 38% or even
50% of wave A. If that happens, then people will be praising
Obama and the plan.
However, if my wave count plays out, remember that once wave B
is over, then we would begin a really bad wave C sell off to
devastating new lows (far lower than where we currently are.
So what would happen is Obama would be praised for a short time
during the wave B, but then he would lose that praise again during
wave C...so he would be built up but then torn down....
Anyway, let's just focus on today and this week and see what
this market does in the short term
rjdst- everyone is, Dems, Republicans, individuals, greed,
reckless spending, many years of bad decisions. These
problems have been building for many many years, not something that
started only a few years ago, it's been building a long
time.
Anyway let's try to stay off political stuff during market hrs
please, thx. Plus you how politics are, it get's peoples
emotions going and riled up
Exactly my point - greed is non-partisan, and that's what got us
here. btw...this is posted in the
off-topicscategory.
Anyway... I respect the desire to focus on trading; that's why
we're here after all. But if people can post opinions, others
are going to present counter-arguments. [/end
soapbox]
Getting back to trading...
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Obama
Posted by rgoodwin on 3rd of Mar 2009 at 10:07 am
Talking on Bloomberg - said something about 1st quarter recovery is doubtful - gee gosh I am soooo happy to know that NOW.
I really believe/hope....that it is
Posted by dylan398 on 3rd of Mar 2009 at 10:13 am
I really believe/hope....that it is Obama's plan to "bottom" things out early in the year....blame it on the past regime and set the expectations low...lets just hope they can beat lowered expectations...
dylan398 - here's a scenario that
Posted by matt on 3rd of Mar 2009 at 10:21 am
dylan398 - here's a scenario that I see playing out: So let's say my long term wave count plays out i.e. wave A ends sometime soon over the next week or two maybe, then we get a nice B wave counter trend rally which lasts many weeks and retraces 38% or even 50% of wave A. If that happens, then people will be praising Obama and the plan.
However, if my wave count plays out, remember that once wave B is over, then we would begin a really bad wave C sell off to devastating new lows (far lower than where we currently are. So what would happen is Obama would be praised for a short time during the wave B, but then he would lose that praise again during wave C...so he would be built up but then torn down....
Anyway, let's just focus on today and this week and see what this market does in the short term
Obamas plan is what sank
Posted by delane on 3rd of Mar 2009 at 10:15 am
this market this past 500 points. IMO,
Who's responsible for the first
Posted by rjdst on 3rd of Mar 2009 at 10:25 am
Who's responsible for the first 5,000points?
rjdst - everyone is, Dems, Republicans,
Posted by matt on 3rd of Mar 2009 at 10:34 am
rjdst - everyone is, Dems, Republicans, individuals, greed, reckless spending, many years of bad decisions. These problems have been building for many many years, not something that started only a few years ago, it's been building a long time.
Anyway let's try to stay off political stuff during market hrs please, thx. Plus you how politics are, it get's peoples emotions going and riled up
Exactly my point - greed
Posted by rjdst on 3rd of Mar 2009 at 11:01 am
Exactly my point - greed is non-partisan, and that's what got us here. btw...this is posted in the off-topicscategory.
Anyway... I respect the desire to focus on trading; that's why we're here after all. But if people can post opinions, others are going to present counter-arguments. [/end soapbox]
Getting back to trading...