nnuut's Account Talk

[nnuut]

The Dollar continues it's upward move. This is GREAT, I think we should rise and rise until the Dollar and the EURO are equal 1 for 1, as it should be. Then to our rightful place as the World Currency. I know, I know don't say China to me. This will take time but I believe we have a plan and it's working!!
http://quotes.ino.com/chart/?s=NYBOT_DX&v=dmax

 

[nnuut]

Looks like a up day after Gustav failed to devastate the Gulf Coast and the Oil rigs. Is this the Breakout we have been waiting for or another Head Fake? I don't know, but could be a bounce without legs? I don't buy it, think I'll stay where I am!! HANNA and the BOYS are on the way!:worried:

Yep, HeadFake, still 100% "G".:worried:

 

[Steadygain]

Yep, HeadFake, still 100% "G".:worried:

You've got less than a half hour - if you want to jump in.

Days like this are rare...for buying.

 

[nnuut]

I know, BIG DROP = nice bounce, but i'm paying more attention to the trends now days. Tomorrow may be a bounce, or may not then what? A jump out would use my 2 IFTs, then what? I quit playing bounces when they limited our IFTs!:blink:

 

[JTH]

I know, BIG DROP = nice bounce, but i'm paying more attention to the trends now days. Tomorrow may be a bounce, or may not then what? A jump out would use my 2 IFTs, then what? I quit playing bounces when they limited our IFTs!:blink:

Your point is well taken and I'm in the same boat. Besides, we have now broken major levels of support that will now become resistence, and now we are in a serious downtrend.

Can anyone say 1200?

 

[luv2read]

the day ain't over yet.. and P&F chart shows a double bottom breakdown with new Bearish PO of 1190...summer mini-rally is over. The big boys are back in town, dumped commodities yesterday and dumping stocks today.

 

[nnuut]

Your point is well taken and I'm in the same boat. Besides, we have now broken major levels of support that will now become resistence, and now we are in a serious downtrend.

Can anyone say 1200?

Yes another down tomorrow would confirm the break out. I don't know if it will happen, but I think the trend is still down, NO?

 

[JTH]

Yes another down tomorrow would confirm the break out. I don't know if it will happen, but I think the trend is still down, NO?

Yea I've notice the big down days have been followed by a big up day, but I'm not sure I want to gamble on this.

 

[Braveheart]

Yes another down tomorrow would confirm the break out. I don't know if it will happen, but I think the trend is still down, NO?

I think tomorrow we will drop more. There are no good reports only bad. How many folks in the South are going to file if they lost their job. Major hurricane off Florida etc

 

[JTH]

I really wanted to jump in toady, honest I did!

One reason why I didn't is the huge drop in EFA at -3.4% That is just not natural and I don't know why it has such a big drop.

My best guess is the big money is flushing out this market and the shorts are taking over?

 

[luv2read]

Trichets remarks probably had something to do with it; and their market is now feeling what ours did earlier this year.

 

[Steadygain]

One reason why I didn't is the huge drop in EFA at -3.4% That is just not natural and I don't know why it has such a big drop.

My best guess is the big money is flushing out this market and the shorts are taking over?

It's hard to say my friend because the Markets in general are sporatic and unpredictable.

I am certainly "no expert" - but the ones I consider most knowledgeable are unamimously convinced the worst is yet to come. Half feel it's before the end of the year and the other half expect "a false 2 or 3 month rally".

I guess if you're in - you hold tight and hope for the best.

It's a tough call...I just wish Birch was back to cheer us on.

 

[Davehop21]

I am wondering if C will recover or is this just the beginning of more drops. I am 25% I and 25% C hoping for a bounce in C and trying to DCA in I.
Dave

 

[Steadygain]

I am wondering if C will recover or is this just the beginning of more drops. I am 25% I and 25% C hoping for a bounce in C and trying to DCA in I.
Dave

Dave, your sincereity brings a smile to my face. Thank you!!

I will defer your question to someone that can accurately tell you what to expect in the near future.

 

[FogSailing]

I'm with you Nnut. With our limited IFT's, I'm not willing to jump in for a day anymore..and I still think there could be more downside since we dropped below 1260..

FS

 

[nnuut]

WOW, "C" down 3.31%, is that a yearly record. For those of you that JUMPED IN, best of luck tomorrow, Hope it bounces like a RUBBER BALL! BOUNCY BOUNCY!

 

[nnuut]

http://uk.youtube.com/user/thermal1

 

[FogSailing]

I'm am happy to sit on that Lily Pad and call myself a certified BULL frog..Things are just crazy out there...And to think this all started because of Greenspan and all his easy money for the banks...sheesh...Hope this doesn't hurt us all too bad, but it looks ugly. If the dollar starts to drop, watch out for rising oil and other commodities...provides the potential for a double whammy IMHO..

FS

 

[nnuut]

I'm am happy to sit on that Lily Pad and call myself a certified BULL frog..Things are just crazy out there...And to think this all started because of Greenspan and all his easy money for the banks...sheesh...Hope this doesn't hurt us all too bad, but it looks ugly. If the dollar starts to drop, watch out for rising oil and other commodities...provides the potential for a double whammy IMHO..

FS

Strange, Oil down and Markets down, it happens but not often?:worried:
THE MARKET IS NNUUTS!!

 

[justbizness45]

Strange, Oil down and Markets down, it happens but not often?:worried:
THE MARKET IS NNUUTS!!

S&P 500 futures down 1.30% @ 0850 this morning......