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WIND HUNTER'S Account Talk
- Thread starter WIND_HUNTER
- Start date
WIND_HUNTER
Member
5 more days like today and i might get back to -0:laugh::blink:
Gotta be in to win. The lilly is for pansies...
felixthecat
Member
Finally, the day of the bull. About freaking time. Volume looked good on closing momentum as well. Hope we can pick up another good day tomorrow.
Avatar changing now to bull.
Avatar changing now to bull.
Birchtree
Well-known member
With $10 trillion sitting on the sidelines earning no returns tomorrow could be a larger gain than todays'. The financial sector of the S&P 500's stock index has lost 83% of its value since the market's peak more than the technology sector lost when the dot-com bubble burst in 2001-2002. The retail crowd is tuned out with no interest in stocks - that's classic from a contrarian perspective. We need a 35% rally to get back to the 200 day on the SPX at 1062. We now are seeing many bullish divergences and this is very positive.
felixthecat
Member
Sounds like a plan to me Birchtree. I know one thing, not wanting to be left at the train station during a big bear rally is a real incentive for a follow through. It may not occur on the second day of the bear rally...but consolidate near todays close tomorrow would amount to a continued bear rally on Wednesday. In any case...looks like we got a short term bottom in.
There is no way to know for sure where the real bottom will be. I just accept the fact that stocks are cheap and eventually the market will turn around. If we get a standard bear market rally in a recession, then 15 to 20 percent rally appears doable. In any case...we are due for another 3 to 8 percent move up as a conservative range.
There is no way to know for sure where the real bottom will be. I just accept the fact that stocks are cheap and eventually the market will turn around. If we get a standard bear market rally in a recession, then 15 to 20 percent rally appears doable. In any case...we are due for another 3 to 8 percent move up as a conservative range.
Birchtree
Well-known member
A worthwhile interim market bottom typically averages three months and the stock market has been bottoming now for at least that long if not longer. If we can get passed excessive investor fear then the Kress 6-year cycle should provide some support to any rally. Blast off time. I think the next key level for the VIX will be the 200 DMA between 37 and 38 - we could be there at the end of the week.
WIND_HUNTER
Member
LET IT RIDE - 35/35/30 C/S/I....:nuts:
350zCommTech
Well-known member
Good luck Wind Hunter. It's probably the right move in the long run. I'd just like to be able to sleep at night.
kar_crazy
Active member
dog gone pansy party @ G lillyGood luck Wind Hunter. It's probably the right move in the long run. I'd just like to be able to sleep at night.
ah 350
WIND_HUNTER
Member
Good luck Wind Hunter. It's probably the right move in the long run. I'd just like to be able to sleep at night.
Just trying to de-throne the King. Check mate...
350zCommTech
Well-known member
dog gone pansy party @ G lilly
You heard wrong Crazy, It's a panty party. We're going to have lots of ladies with nothing on but their panties tonight.
WIND_HUNTER
Member
You heard wrong Crazy, It's a panty party. We're going to have lots of ladies with nothing on but their panties tonight.
Dangit! I always miss out on those panty parties....
350zCommTech
Well-known member
darn it , and i missed the party again , drink one for me my brother , great job making the climb to the top 350
Thanks Crazy. But, no celebrations until the market closes.
WIND_HUNTER
Member
Haven't had much time to watch what's going on. They're making me work at work. Looks like the market just keeps climbing inspite of the news. Holding my position for now. This Train is a rolling, don't want to jump yet, I could get hurt going this fast. ....:nuts:
kar_crazy
Active member
sorry i have some more work for you , you know how it is Friday get it off there desk pile it on mine and ends up on yours
:laugh::suspicious:
WIND_HUNTER
Member
Holding on, don't want to be stuck in the G-jail (yet)..:worried:
