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11-14-2008, 03:30 AM
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#261
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2007
Posts: 5,072
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It is difficult to speculate on a bottom. I think it depends if more bad news comes to light.
I think the current prices reflect known problems. The problem right now is that hedge funds are being forced to sell.
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11-14-2008, 08:35 AM
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#262
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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All this talk about bottoms is making me horny. Why don't we talk about tops for a while and bother the uptown men?
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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11-14-2008, 08:43 AM
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#263
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2006
Posts: 12,483
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 Quote:
Originally Posted by haha
All this talk about bottoms is making me horny. Why don't we talk about tops for a while and bother the uptown men?
Ha
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I'd like to talk about halter tops........ 
__________________
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)
This Thread is USELESS without pics.........:)
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11-14-2008, 10:43 AM
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#264
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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both my newsletters last night changed their outlook to a lower bottom than yesterday's intraday low and what they had as last week
The Big Picture blog is running a story of how we went below the triangle bottom we've been building and will go lower again. they even have a nice chart but they stretch things with their theory
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11-14-2008, 11:54 AM
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#265
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Thinks s/he gets paid by the post
Join Date: Apr 2006
Posts: 1,684
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Quote:
Originally Posted by Bestwifeever
from wikipedia
A Ninja Loan is a type of subprime loan issued to borrowers with No Income, No Job, (and) no Assets.
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Just about every day since this subprime credit stuff surfaced I have been amazed that the financial industry would do this to itself.
What were they thinking? 
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11-14-2008, 11:57 AM
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#266
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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same thing as when they gave these same types of loans to third world countries in the 1970's and 1980's and telecoms in the 1990's. only difference now is that joeblow finally got some free money from the banks
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11-14-2008, 01:15 PM
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#267
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Moderator Emeritus
Join Date: Feb 2005
Location: San Diego
Posts: 5,267
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After yesterday's rally from lows, and now today doing the same thing, I'm starting to think we might really have a solid floor to this market. I'm not expecting us to be off to the races, but every dip is now seen as a buying opportunity vice a sign of trouble by the cash on the sidelines now.
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11-14-2008, 01:34 PM
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#268
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Quote:
Originally Posted by laurence
After yesterday's rally from lows, and now today doing the same thing, I'm starting to think we might really have a solid floor to this market. I'm not expecting us to be off to the races, but every dip is now seen as a buying opportunity vice a sign of trouble by the cash on the sidelines now.
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Laurence, tell me you aren't a technician too!
Quote:
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After yesterday's rally from lows, and now today doing the same thing, I'm starting to think we might really have a solid floor to this market. I'm not expecting us to be off to the races, but every dip is now seen as a buying opportunity vice a sign of trouble by the cash on the sidelines now.
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Well you fixed that!
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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11-14-2008, 01:47 PM
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#269
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Moderator Emeritus
Join Date: Feb 2005
Location: San Diego
Posts: 5,267
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Quote:
Originally Posted by haha
Laurence, tell me you aren't a technician too!
Ha
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LOL! No, not at all. This thread is just idle speculation for most of us, right? The only thing I've changed is doubling my weekly DCA into the market over the last couple of months.
I guess it just takes a failed car company or three for this market level to seem like a pleasant memory.
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11-14-2008, 01:49 PM
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#270
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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i've been getting 2 newsletters for the last month or so. both are technical and both are right on. one is a little more long term and if you take their position then you make more than the market up or down. i'm dumping this one.
the other one has trade triggers with up and down targets once or twice a week and if you follow them you can make very nice profits. few days ago they had 822 target for the SP500 and last night's edition is a 967 target for the SP in the near term.
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11-14-2008, 01:51 PM
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#271
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Moderator Emeritus
Join Date: Feb 2005
Location: San Diego
Posts: 5,267
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Is this a covered call, leaps and puts type thing? A coworker does that, it seems like a lot of work with more risk than it initially seems. I'm going to have to check out how it's working for him.
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11-14-2008, 02:02 PM
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#272
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 1,543
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no options
www.elliottwavetechnology.com they have free articles on safehaven and some other websites a few days or a week after the paid subscribers get them. been looking at them for a year or so and they are very good. not 100% perfect and sometimes things change fast over a day but you can outperform the indexes with them.
they have different time strategies from daily trades to holding periods of months and highlight each one every day. twice a week you get a large issue with long term charts and covering oil, gold and the dollar. three times a week you get smaller issues covering the major indexes.
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11-14-2008, 02:05 PM
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#273
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Thinks s/he gets paid by the post
Join Date: Jun 2006
Location: Central, Ohio, USA
Posts: 2,635
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Quote:
Originally Posted by Rustward
Just about every day since this subprime credit stuff surfaced I have been amazed that the financial industry would do this to itself.
What were they thinking? |
This is like the loan your give your kids - only these commonly become "gifts".
__________________
Vietnam Veteran, CW4 USA, Retired 1979
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11-14-2008, 02:07 PM
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#274
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Posts: 6,506
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If it keeps going down... We will all owe the brokers when the market goes negative. Any calls for -100?
__________________
There must be moderation in everything, including moderation.
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11-14-2008, 02:36 PM
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#275
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,071
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Have I ever mentioned that I hate the stock market? 
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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11-14-2008, 02:41 PM
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#276
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Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,764
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No, is this a new revelation/revolution? 
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11-14-2008, 02:42 PM
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#277
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Recycles dryer sheets
Join Date: Nov 2005
Posts: 331
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I was standing after the shower looking in the mirror with a mirror behind me, and I found the bottom. Why didnt' someone tell me my ass was so big!!!!!!!!
jug
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11-14-2008, 02:49 PM
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#278
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
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Market up, market down - should I be calling Vanguard to make sure 'THE' computer rebalancing my balanced index is still plugged in?
 
With all this excitment - wouldn't want to find out someone left me without electricity. Right?
Part of the problem is - even though I understand stay the course - and know the SEC yield is sufficient for my retirement - I keep looking.
Probably comes from watching too many Saint's 4th quarters over thirty years.
heh heh heh - 
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11-14-2008, 05:15 PM
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#279
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Recycles dryer sheets
Join Date: Mar 2007
Location: Fort Collins, CO
Posts: 138
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Quote:
Originally Posted by jug
I was standing after the shower looking in the mirror with a mirror behind me, and I found the bottom.
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Bad news for you, cause when there's a turn around, you'll still just be looking at the bottom!
__________________
"Being rich is having money; being wealthy is having time."
"It is only possible to live happily ever after on a day-to-day basis” Margaret Bonnano
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11-14-2008, 07:50 PM
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#280
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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Quote:
Originally Posted by jug
I was standing after the shower looking in the mirror with a mirror behind me, and I found the bottom. Why didnt' someone tell me my ass was so big!!!!!!!!
jug
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So tell, tell--is the bottom a V shape or a W? 
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