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US - Market Direction 01 (May 08 - Jul 08)
Re: US - Market Direction
by millionairemind » Tue Jul 29, 2008 9:49 pm
Haha... semantics, semantics...
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch
Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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Re: US - Market Direction
by blid2def » Tue Jul 29, 2008 9:52 pm
Well, before we go there - the terminology discussion should be done in another thread; that should be a fun one with lots of long-winded discussions like "Is trading gambling? Is investing trading? Is forecasting predicting? Is signalling forecasting... Blah blah blah". 
Let's leave this thread for us to discuss actual stuff that could help us make money.
Let's leave this thread for us to discuss actual stuff that could help us make money.
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Re: US - Market Direction
by kennynah » Tue Jul 29, 2008 9:57 pm
yes sir!!!!!
butt salute
butt salute
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Re: US - Market Direction
by LenaHuat » Tue Jul 29, 2008 10:58 pm
Dow at 11,000 and S&P500 at 1200 are very good support levels.
Please be forewarned that you are reading a post by an otiose housewife. 
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Re: US - Market Direction
by kennynah » Tue Jul 29, 2008 11:01 pm
yes m'ame!!! great to see u here...been a while....
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.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................-
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Re: US - Market Direction
by LenaHuat » Tue Jul 29, 2008 11:17 pm
Ah Ken
Don't want to disturb your beautiful charts.
Almost insinful to do so
I read them all the time.
Don't want to disturb your beautiful charts.
Almost insinful to do so
I read them all the time.Please be forewarned that you are reading a post by an otiose housewife. ****@@
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Re: US - Market Direction
by kennynah » Wed Jul 30, 2008 3:28 am
Options Strategies & Discussions .(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas
..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................
.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................-
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Re: US - Market Direction
by LenaHuat » Wed Jul 30, 2008 9:08 am
I wanna punch the air with joy too
Please be forewarned that you are reading a post by an otiose housewife. ****@@
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Re: US - Market Direction
by millionairemind » Wed Jul 30, 2008 2:33 pm
Last night all 4 indices scored a follow thro'....
Dow 11,397.56 +266.48 (2.39%)
Nasdaq 2,319.62 +55.40 (2.45%)
S&P 500 1,263.19 +28.82 (2.33%)
NYSE Composite 8,419.20 +159.01 (+1.93%)
Good news from the economic front coupled with drop in oil prices induced the rally...
Nasdaq scored the follow thro' on Day 11. The others on Day 10. Volume swelled across the board.
As mentioned before, a follow thro' means that the trend has changed... will it last?? I certainly hope so. Here is a chart for S&P500
A follow thro' day works only 70% of the time...
Our Singapore mkt sometimes a bit comatosed.. after bleeding for many months.
The last time we had a 3 month bear mkt back in May - Aug 2006, when follow thro' came on Aug 15 2006 led by Nasdaq, our STI took a 2 weeks just to start moving.. everybody kena burnt until scared oredi..
You can go back and check the charts to see for yourself. Our mkt is spineless and useless
Edited to include - Keep a close watch on the oil prices and the mkt's reaction to it. I think oil inventory data will be out today.. will it be good to cause oil prices to go down further? Or will it cause oil to cheong $10??
Day 1-3 after follow thro' - WATCH FOR MAJOR DISTRIBUTION DAY. If they occur, 9 out of 10, this rally will DIE.
Beyond Day 4 - start keep tracking of distribution day.
Good luck to all. This is not a buy or sell recommendation.
Huat huat 2008.
Dow 11,397.56 +266.48 (2.39%)
Nasdaq 2,319.62 +55.40 (2.45%)
S&P 500 1,263.19 +28.82 (2.33%)
NYSE Composite 8,419.20 +159.01 (+1.93%)
Good news from the economic front coupled with drop in oil prices induced the rally...
Nasdaq scored the follow thro' on Day 11. The others on Day 10. Volume swelled across the board.
As mentioned before, a follow thro' means that the trend has changed... will it last?? I certainly hope so. Here is a chart for S&P500
A follow thro' day works only 70% of the time...
Our Singapore mkt sometimes a bit comatosed.. after bleeding for many months.
The last time we had a 3 month bear mkt back in May - Aug 2006, when follow thro' came on Aug 15 2006 led by Nasdaq, our STI took a 2 weeks just to start moving.. everybody kena burnt until scared oredi..
You can go back and check the charts to see for yourself. Our mkt is spineless and useless
Edited to include - Keep a close watch on the oil prices and the mkt's reaction to it. I think oil inventory data will be out today.. will it be good to cause oil prices to go down further? Or will it cause oil to cheong $10??
Day 1-3 after follow thro' - WATCH FOR MAJOR DISTRIBUTION DAY. If they occur, 9 out of 10, this rally will DIE.
Beyond Day 4 - start keep tracking of distribution day.
Good luck to all. This is not a buy or sell recommendation.
Huat huat 2008.
Last edited by millionairemind on Wed Jul 30, 2008 3:50 pm, edited 1 time in total.
"If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he has been wrong" - Bernard Baruch
Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
Disclaimer - The author may at times own some of the stocks mentioned in this forum. All discussions are NOT to be construed as buy/sell recommendations. Readers are advised to do their own research and analysis.
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Re: US - Market Direction & Strategy
by kennynah » Wed Jul 30, 2008 2:44 pm
cheong ah.....
but please wear guard pads
((ps : and yes, canslim technique appears to be applicable to indexes as well, besides stocks...hahahaha my day 2 confirmation
))
but please wear guard pads
((ps : and yes, canslim technique appears to be applicable to indexes as well, besides stocks...hahahaha my day 2 confirmation
))Options Strategies & Discussions .(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas
..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................
.(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................-
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