Home › Forums › Financial Markets/Economics › Easy money on next leg down, second Fool’s Rally progressing as expected
- This topic has 270 replies, 18 voices, and was last updated 15 years, 6 months ago by peterb.
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November 5, 2008 at 2:46 PM #300033November 5, 2008 at 4:06 PM #299667peterbParticipant
For Stocktradr- I’ve just gotten two reports from some fairly good analysts today. They feel there’s a very good chance we will test the lows from Octobers crash in the next 5 trading days. And then build a rally that could last from 1 to 3 months. After which will have a waterfall session yet again. They’re basing this on technical and historical evidence. When both these two come together, they seem to have a very high accuracy rate. IMO.
November 5, 2008 at 4:06 PM #300025peterbParticipantFor Stocktradr- I’ve just gotten two reports from some fairly good analysts today. They feel there’s a very good chance we will test the lows from Octobers crash in the next 5 trading days. And then build a rally that could last from 1 to 3 months. After which will have a waterfall session yet again. They’re basing this on technical and historical evidence. When both these two come together, they seem to have a very high accuracy rate. IMO.
November 5, 2008 at 4:06 PM #300035peterbParticipantFor Stocktradr- I’ve just gotten two reports from some fairly good analysts today. They feel there’s a very good chance we will test the lows from Octobers crash in the next 5 trading days. And then build a rally that could last from 1 to 3 months. After which will have a waterfall session yet again. They’re basing this on technical and historical evidence. When both these two come together, they seem to have a very high accuracy rate. IMO.
November 5, 2008 at 4:06 PM #300051peterbParticipantFor Stocktradr- I’ve just gotten two reports from some fairly good analysts today. They feel there’s a very good chance we will test the lows from Octobers crash in the next 5 trading days. And then build a rally that could last from 1 to 3 months. After which will have a waterfall session yet again. They’re basing this on technical and historical evidence. When both these two come together, they seem to have a very high accuracy rate. IMO.
November 5, 2008 at 4:06 PM #300098peterbParticipantFor Stocktradr- I’ve just gotten two reports from some fairly good analysts today. They feel there’s a very good chance we will test the lows from Octobers crash in the next 5 trading days. And then build a rally that could last from 1 to 3 months. After which will have a waterfall session yet again. They’re basing this on technical and historical evidence. When both these two come together, they seem to have a very high accuracy rate. IMO.
November 5, 2008 at 4:49 PM #299717Nor-LA-SD-guyParticipantOr selling gold dredges
Geeze you know how much they want for these things!!!
November 5, 2008 at 4:49 PM #300075Nor-LA-SD-guyParticipantOr selling gold dredges
Geeze you know how much they want for these things!!!
November 5, 2008 at 4:49 PM #300084Nor-LA-SD-guyParticipantOr selling gold dredges
Geeze you know how much they want for these things!!!
November 5, 2008 at 4:49 PM #300100Nor-LA-SD-guyParticipantOr selling gold dredges
Geeze you know how much they want for these things!!!
November 5, 2008 at 4:49 PM #300148Nor-LA-SD-guyParticipantOr selling gold dredges
Geeze you know how much they want for these things!!!
November 5, 2008 at 5:08 PM #299752stockstradrParticipantpeterb writes: They feel there’s a very good chance we will test the lows from Octobers crash in the next 5 trading days.
They may be right about that! I’m a bit stunned markets dropped over 5% today.
Let’s hope they are also right about the rally to follow.
Today I’m rather worried I missed the top of this Fool’s Rally with my expectation it would go to 1,100 or higher. Maybe 1,000 (S&P500) WAS the top?
Here’s what I DO like about the projection for a 1-3 months rally: we won’t see 4th quarter GDP numbers until early next year. Those numbers will be horrible. I’m implying the economic data may be ONLY moderately bad for a couple months, until it gets MUCH MUCH WORSE about 1 to 3 months from now. Plus we got the credit markets continuing to unfreeze.
I still got my *fingers crossed* this Fool’s Rally resumes soon and continues to carry markets up higher.
November 5, 2008 at 5:08 PM #300111stockstradrParticipantpeterb writes: They feel there’s a very good chance we will test the lows from Octobers crash in the next 5 trading days.
They may be right about that! I’m a bit stunned markets dropped over 5% today.
Let’s hope they are also right about the rally to follow.
Today I’m rather worried I missed the top of this Fool’s Rally with my expectation it would go to 1,100 or higher. Maybe 1,000 (S&P500) WAS the top?
Here’s what I DO like about the projection for a 1-3 months rally: we won’t see 4th quarter GDP numbers until early next year. Those numbers will be horrible. I’m implying the economic data may be ONLY moderately bad for a couple months, until it gets MUCH MUCH WORSE about 1 to 3 months from now. Plus we got the credit markets continuing to unfreeze.
I still got my *fingers crossed* this Fool’s Rally resumes soon and continues to carry markets up higher.
November 5, 2008 at 5:08 PM #300120stockstradrParticipantpeterb writes: They feel there’s a very good chance we will test the lows from Octobers crash in the next 5 trading days.
They may be right about that! I’m a bit stunned markets dropped over 5% today.
Let’s hope they are also right about the rally to follow.
Today I’m rather worried I missed the top of this Fool’s Rally with my expectation it would go to 1,100 or higher. Maybe 1,000 (S&P500) WAS the top?
Here’s what I DO like about the projection for a 1-3 months rally: we won’t see 4th quarter GDP numbers until early next year. Those numbers will be horrible. I’m implying the economic data may be ONLY moderately bad for a couple months, until it gets MUCH MUCH WORSE about 1 to 3 months from now. Plus we got the credit markets continuing to unfreeze.
I still got my *fingers crossed* this Fool’s Rally resumes soon and continues to carry markets up higher.
November 5, 2008 at 5:08 PM #300136stockstradrParticipantpeterb writes: They feel there’s a very good chance we will test the lows from Octobers crash in the next 5 trading days.
They may be right about that! I’m a bit stunned markets dropped over 5% today.
Let’s hope they are also right about the rally to follow.
Today I’m rather worried I missed the top of this Fool’s Rally with my expectation it would go to 1,100 or higher. Maybe 1,000 (S&P500) WAS the top?
Here’s what I DO like about the projection for a 1-3 months rally: we won’t see 4th quarter GDP numbers until early next year. Those numbers will be horrible. I’m implying the economic data may be ONLY moderately bad for a couple months, until it gets MUCH MUCH WORSE about 1 to 3 months from now. Plus we got the credit markets continuing to unfreeze.
I still got my *fingers crossed* this Fool’s Rally resumes soon and continues to carry markets up higher.
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