Cramer predicts DOW 4700 by Tuesday (1995ish levels)

[stockstradr]

I can’t help myself but make this one annoying comment.

Net gains today are half my annual salary. That’s the way to Rock-n-Roll! However, I lost 1/3 of my annual salary, net, in my portfolio last week. At least I’m back in the black, relative to my portfolio balance as of ten days ago.

Yes, I know. Nobody wants to hear how much money someone else made.

Next, when markets gain another 4% I’ll put STOP LIMITS (sell at market) underneath all long positions. Then hopefully I won’t get stopped out, and I’ll walk those stops up under my positions as this Fool’s Rally takes us up a total of say 20% off the bottom.

So I’m playing safe and not counting on this Fool’s Rally for more than 15% dead cat bounce (and we’ve already seen 11% of that today!)

I DUMPED ALL GOLD this morning. Thank God. Nevertheless, I’m impressed, VERY impressed gold is holding above $820. That says a lot about the strength and interest in gold.

[stockstradr]

But the next leg down is gonna be where the real $$ is made.

More valuable wisdom, and accurate prediction from peterb. I agree completely.

Next year: bottom at 400 to 600 on the S&P500

[stockstradr]

But the next leg down is gonna be where the real $$ is made.

More valuable wisdom, and accurate prediction from peterb. I agree completely.

Next year: bottom at 400 to 600 on the S&P500

[stockstradr]

But the next leg down is gonna be where the real $$ is made.

More valuable wisdom, and accurate prediction from peterb. I agree completely.

Next year: bottom at 400 to 600 on the S&P500

[stockstradr]

But the next leg down is gonna be where the real $$ is made.

More valuable wisdom, and accurate prediction from peterb. I agree completely.

Next year: bottom at 400 to 600 on the S&P500

[stockstradr]

But the next leg down is gonna be where the real $$ is made.

More valuable wisdom, and accurate prediction from peterb. I agree completely.

Next year: bottom at 400 to 600 on the S&P500

[ucodegen]

Next, when markets gain another 4% I’ll put STOP LIMITS (sell at market) underneath all long positions. Then hopefully I won’t get stopped out, and I’ll walk those stops up under my positions as this Fool’s Rally takes us up a total of say 20% off the bottom.

Who is your brokerage? You should be able to do this with a trailing stop, in either % or $. Be careful, on some shares, there are people ‘crashing the stops’ by setting a lower buy point and then issuing a sell deep enough to trigger a bunch of stops. These triggered stops then trigger yet more stops.. etc until the lower buy is reached. The way it is done looks like it is someone with access to more info than just Level II quotes. They need to know where everyone’s stops are.

[ucodegen]

Next, when markets gain another 4% I’ll put STOP LIMITS (sell at market) underneath all long positions. Then hopefully I won’t get stopped out, and I’ll walk those stops up under my positions as this Fool’s Rally takes us up a total of say 20% off the bottom.

Who is your brokerage? You should be able to do this with a trailing stop, in either % or $. Be careful, on some shares, there are people ‘crashing the stops’ by setting a lower buy point and then issuing a sell deep enough to trigger a bunch of stops. These triggered stops then trigger yet more stops.. etc until the lower buy is reached. The way it is done looks like it is someone with access to more info than just Level II quotes. They need to know where everyone’s stops are.

[ucodegen]

Next, when markets gain another 4% I’ll put STOP LIMITS (sell at market) underneath all long positions. Then hopefully I won’t get stopped out, and I’ll walk those stops up under my positions as this Fool’s Rally takes us up a total of say 20% off the bottom.

Who is your brokerage? You should be able to do this with a trailing stop, in either % or $. Be careful, on some shares, there are people ‘crashing the stops’ by setting a lower buy point and then issuing a sell deep enough to trigger a bunch of stops. These triggered stops then trigger yet more stops.. etc until the lower buy is reached. The way it is done looks like it is someone with access to more info than just Level II quotes. They need to know where everyone’s stops are.

[ucodegen]

Next, when markets gain another 4% I’ll put STOP LIMITS (sell at market) underneath all long positions. Then hopefully I won’t get stopped out, and I’ll walk those stops up under my positions as this Fool’s Rally takes us up a total of say 20% off the bottom.

Who is your brokerage? You should be able to do this with a trailing stop, in either % or $. Be careful, on some shares, there are people ‘crashing the stops’ by setting a lower buy point and then issuing a sell deep enough to trigger a bunch of stops. These triggered stops then trigger yet more stops.. etc until the lower buy is reached. The way it is done looks like it is someone with access to more info than just Level II quotes. They need to know where everyone’s stops are.

[ucodegen]

Next, when markets gain another 4% I’ll put STOP LIMITS (sell at market) underneath all long positions. Then hopefully I won’t get stopped out, and I’ll walk those stops up under my positions as this Fool’s Rally takes us up a total of say 20% off the bottom.

Who is your brokerage? You should be able to do this with a trailing stop, in either % or $. Be careful, on some shares, there are people ‘crashing the stops’ by setting a lower buy point and then issuing a sell deep enough to trigger a bunch of stops. These triggered stops then trigger yet more stops.. etc until the lower buy is reached. The way it is done looks like it is someone with access to more info than just Level II quotes. They need to know where everyone’s stops are.

[stockstradr]

You should be able to do this with a trailing stop,

Good advice. I’m with Fidelity. I’ll check if they offer trailing stops. Fidelity kinda sucks because their interface not set up for speculators, more set up for mom and pop buy and hold investors.

I really miss E*TRADE, loved their trading screen user interface. Ahh, but E*TRADE decided to get into the mortgage business and go insolvent. So, I said “bye bye E*TRADE”

These days, it is like playing “Musical Chairs” when you pick your brokerage. Every week the music stops and another brokerage house goes belly up! Hope your portfolio isn’t sitting in the wrong one when the music stops!

[stockstradr]

You should be able to do this with a trailing stop,

Good advice. I’m with Fidelity. I’ll check if they offer trailing stops. Fidelity kinda sucks because their interface not set up for speculators, more set up for mom and pop buy and hold investors.

I really miss E*TRADE, loved their trading screen user interface. Ahh, but E*TRADE decided to get into the mortgage business and go insolvent. So, I said “bye bye E*TRADE”

These days, it is like playing “Musical Chairs” when you pick your brokerage. Every week the music stops and another brokerage house goes belly up! Hope your portfolio isn’t sitting in the wrong one when the music stops!

[stockstradr]

You should be able to do this with a trailing stop,

Good advice. I’m with Fidelity. I’ll check if they offer trailing stops. Fidelity kinda sucks because their interface not set up for speculators, more set up for mom and pop buy and hold investors.

I really miss E*TRADE, loved their trading screen user interface. Ahh, but E*TRADE decided to get into the mortgage business and go insolvent. So, I said “bye bye E*TRADE”

These days, it is like playing “Musical Chairs” when you pick your brokerage. Every week the music stops and another brokerage house goes belly up! Hope your portfolio isn’t sitting in the wrong one when the music stops!

[stockstradr]

You should be able to do this with a trailing stop,

Good advice. I’m with Fidelity. I’ll check if they offer trailing stops. Fidelity kinda sucks because their interface not set up for speculators, more set up for mom and pop buy and hold investors.

I really miss E*TRADE, loved their trading screen user interface. Ahh, but E*TRADE decided to get into the mortgage business and go insolvent. So, I said “bye bye E*TRADE”

These days, it is like playing “Musical Chairs” when you pick your brokerage. Every week the music stops and another brokerage house goes belly up! Hope your portfolio isn’t sitting in the wrong one when the music stops!

[Author]

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