ChemEng's Account talk...

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We'll see Griffin. Ill trade you calendar training for your market training. Deal? :) Im banking on a positive jobs report for tomorrow for a little bump. I made a move into S today. Then its back to the lilly pad! ::holds breath::

Anyone know how to post a picture into a post instead of a link to an attachment?
 
Pictures

Attach a picture the way that you have been by going to the manage attachments section below the message creation box.

After picture is uploaded, close the attachments box.

Next click on the paper clip icon in the message creation box to bring up a drop down menu with your uploaded files.

Click on the filename for your picture and it gets inserted into the body of your message.
 
icon1.gif
Re: Market Talk / Dec. 3 - 9
Weatherweenie,

This is good reporting on your part, and it is very helpful for those who don't have access to live T.V. Thank you! The comments I am hearing on Bloomberg TV are positive for the belief that the FED will most likely stay on hold next week because these econ. numbers are non-inflationary. Non-farm payrolls for the previous month were revised down ward, the unemployment rate rose from 4.4 to 4.5, and hourly earnings droped from .3% to .2%. We'll see what the market gives us going forward. Good Luck!
 
Well when futures are showing S&P and NASDAQ down, it doesnt leave much room for optimism. ::crosses fingers:: Please feel free to prove me wrong today Mr Market intelligent being! I could certainly use it after missing most of this recent bump. :)
 
ChemEng said:
Well when futures are showing S&P and NASDAQ down, it doesnt leave much room for optimism. ::crosses fingers:: Please feel free to prove me wrong today Mr Market intelligent being! I could certainly use it after missing most of this recent bump. :)
Click to expand...

I know the feeling re: futures. But, after seeing futures being way up, only to see a sell off in the market, and vice versa, I try not to get too bent out of shape either way. Emphasis on try. :cheesy:
 
Mr

ChemEng said:
Well when futures are showing S&P and NASDAQ down, it doesnt leave much room for optimism. ::crosses fingers:: Please feel free to prove me wrong today Mr Market intelligent being! I could certainly use it after missing most of this recent bump. :)
Click to expand...
ChemEng, where do you get the futures at? Thanks
 
You can see them here in the mornings before the market opens. http://news.moneycentral.msn.com/briefing/StockTicker.asp . Im sure there are other sites that have them, but this is all I use. To summarize what weatherweenie said "they are interesting to look at, but dont mean squat."

Maybe this is the action the moves trading back in the direction of 20SMA. Im strongly considering jumping back to a lilly pad for today.
 
Birchtree said:
Discipline is needed to trade the markets, to zone out the noise, and to know what's truly important and what's not. Takes creativity to stay long....don't it? Silver Bells.
Click to expand...

I would call doing nothing the distinct lack of discipline. You arent making a choice. You are cherry picking data to support you ostrich-head-in-the-sand syndrome. How you can call doing nothing creative is beyond me.

Relying on DCA for retirement requires a tight set of blinders and a certain comfort with the ok-ness of giving up control and loosing money. I choose not to do either.

Go bark up a different tree.
 
weatherweenie said:
Looks like another failed attempt for the sp500 to stay above 1415.
Click to expand...

... its not uncommon for an index to correct itself after a gap opening. If you look at the 5-day chart with intraday movement, you can almost draw a rounding bottom, with the two lows being early Friday AM and then mid-day Tuesday... the real line in the sand will be drawn around lunchtime or just after (of course). Will the chart prove a quick rounding bottom and then break above the highs later today, or will the market reject it and make the 5day look like a topped out price channel? My guess and hopes are green :)

http://finance.yahoo.com/charts#chart2:symbol=^gspc;range=5d;indicator=sma(8)+bollinger+psar+wpr(15);charttype=line;crosshair=on;logscale=on;source=undefined
 
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