Houston 3

Hey Stig... Yes very interesting times we are in huh!?
Don't forget we went down 1.4% on Friday so we might already have had a bit of the 2.5% fall factored in.

I don't mind which way the market goes... I am trading it in both directions and doing very nicely on the short side at the moment Best month ever in fact, and i see more to come.

As for 'Technical Analysis'... Welcome to the dark-side, where you are forever up against the nemesis of the fundamentalist Just remember nothing can predict the future, its just about probabilities.

Best advice i received... "If in doubt, get out!" Who knows how much the US have #$$%# things up for the global economy?

Simply having fun with him from another thread where he told me to google Technical Analysis

This thread is about falling markets and people reactions to it. What's with the personal attacks??

Anyone can say what they would have done after the market makes a move. I am simply voicing what my system says will happen and my plan if it does. The system is wrong half the time anyway. If it goes up I make money. If it goes down I buy more. That's part of the plan.

I plan to be in the market for the next 30 years. So what if I buy after a big low and it goes lower. It happened to me in 2001 after Sept 11. No big deal.

But thanks for your concern Tropo

Thanks for the welcome. Bit late though, been here for 10 years already LOL.

As for how much has the US stuffed things up for the global economy, I'll let you know in a few years I will have the right answer then

"But thanks for your concern Tropo [/QUOTE]"



My pleasure!!

PS=
I do NOT wish you luck, because as you know LUCK (4 letter word) has nothing to do with it.
Anyway ..... happy investing/trading (whatever you call it).

If you are familar with technical analysis why would you be buying at the moment instead of waiting for the uptrend to resume???

Because I don't get emotional and if I see something that has hit a support level I am comfortable I will buy it.

There are a gazillion ways to make money in the markets.

"There are a gazillion ways to make money in the markets."

YOU do NOT have an idea how wrong you are.
DaveJ is spot on!!

As far as I am concerned = YOU are NOT a trader.....

Tropo, you are so smart and successful.
Please, tell me and everyone else reading this, how it is done properly.

And also, can I join your DaveJ fan club???

XJO at 4950.

That's a big call - you must have the super deluxe crystal ball.

That would be a 28% drop from November high and a further 11% from here. We must be in a recession that nobody told me about. I am flat out knowing what I am going to eat for dinner let alone predicting such catastrophe for the market.

I thought that "Charts do NOT predict. Charts are telling you what is happening at the very moment. But, not to worry. Nobody knows what will happen in the future"

Just wondering, are you "hoping" the markets will drop that far.

What is the term for "ramping" on the downside? Sloping, perhaps.

Simply ... follow a trend. That is the way I play.