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DJofSD
03-10-2009, 08:59 PM
Gents, I believe there is a chance to make some fast money in the next month or two. Bear market rally that some say could see a 20% in the SP500. I missed the pop in WFC - damn, esp since I was looking at play to take advantage of a possible short squeeze. Oh well, there's always another opportunity around the corner.

ddog
03-10-2009, 09:10 PM
it smells like a setup to me.

i was saying a rally into the summer was possible on here about a week ago,this is too much for my taste though.

i am not only on the sidelines but in the dugout.

looking for some commodity plays maybe but i think i am going to sit out the rest of the spring/summer.

have fun.

Marshall Bennett
03-10-2009, 09:48 PM
Much of this sparked by reports of a profit by citigroup . I need more than that in this cluster***k of an ailing economy to send me on a market spending spree . Horses are a better bet :D

BlueShoe
03-10-2009, 10:08 PM
One big day does not mean that the market has turned.The market could rally another 1000 points in the near future and set the public up for a classic bear trap downturn.Still believe that the market has more woes ahead.Todays uptick brings to mind the old wall street expression about a dead cats bounce.

DJofSD
03-10-2009, 10:32 PM
One big day does not mean that the market has turned.The market could rally another 1000 points in the near future and set the public up for a classic bear trap downturn.Still believe that the market has more woes ahead.Todays uptick brings to mind the old wall street expression about a dead cats bounce.
Never said it was a bottom. As it so happens, I do expect to see more downward movement and possibly see the worse fears of some become a reality.

But, back to the point of the thread which is there is a psychology in play here that I believe will result it a move upwards. And, if you've been paying attention then you'll have some chances to make a little money.

Will it set up a bear trap? Most likely. I don't plan on being in very long.

Was it soley the "announcement" by C the showed a profitable two months? Yes, in part, but there was other relatively good news (or less bad news) along with some discussions about reinstituting the up-tick rule. Now before any one jumps down my throat, the up-tick rule being reinstituted means very little. Again, it's a psychology ploy and I believe the market is waiting to see things turn positive -- at least for a little while.

Valuist
03-11-2009, 12:04 AM
I think we can see 8000 or maybe even 8250 on the Dow and around 800 or 820 on the S & P. But, this is strictly a trading rally. When its over, we will retest the lows.

HUSKER55
03-11-2009, 05:50 AM
Before you guys hump yourselves into oblivion I would like to suggest that you find Jim Cramers show last night and run it several times. Those graphs that everyone is using were made to do one thing.....SELL !!!

They are manipulating the figures because the only way they can make money is for you to lose yours.

There is no recovery on the horizon. Detroit must go under and so must the banks or the market place will be corrupted.

There is no free lunch and no guaranteed success in our market system. To make that happen then the MARKET has to fail.

if you want to do something smart for yourself do what the Asians did who came over here. Wear your wealth around your neck. Buy gems.

Good Luck I'm buying diamonds.

Tom
03-11-2009, 07:32 AM
President Pork Chop says the market doesnt' mean anything. It's just a poll.
Remember that when libs suddenly start crowing about the rise.

Valuist
03-11-2009, 08:28 AM
Before you guys hump yourselves into oblivion I would like to suggest that you find Jim Cramers show last night and run it several times. Those graphs that everyone is using were made to do one thing.....SELL !!!

They are manipulating the figures because the only way they can make money is for you to lose yours.

There is no recovery on the horizon. Detroit must go under and so must the banks or the market place will be corrupted.

There is no free lunch and no guaranteed success in our market system. To make that happen then the MARKET has to fail.

if you want to do something smart for yourself do what the Asians did who came over here. Wear your wealth around your neck. Buy gems.

Good Luck I'm buying diamonds.

I don't think anyone on here said this was a LASTING recovery rally. Its a bear market rally, which is strictly for trading, because at some point, it will come back down. We had a 2 month long bear market rally from Bear Stearns day to July of last year. Then a 24% rally from November into early January. The Dow is still well over 1000 pts below the 200 day moving average. Its oversold in the near term. That doesn't mean 6 months from now things will be better.

lamboguy
03-11-2009, 09:11 AM
I think we can see 8000 or maybe even 8250 on the Dow and around 800 or 820 on the S & P. But, this is strictly a trading rally. When its over, we will retest the lows.

i got it going to 8600 fast, with sideways corrections on the way.

after that 5400 wide open

ddog
03-11-2009, 01:14 PM
Never said it was a bottom. As it so happens, I do expect to see more downward movement and possibly see the worse fears of some become a reality.

But, back to the point of the thread which is there is a psychology in play here that I believe will result it a move upwards. And, if you've been paying attention then you'll have some chances to make a little money.

Will it set up a bear trap? Most likely. I don't plan on being in very long.

Was it soley the "announcement" by C the showed a profitable two months? Yes, in part, but there was other relatively good news (or less bad news) along with some discussions about reinstituting the up-tick rule. Now before any one jumps down my throat, the up-tick rule being reinstituted means very little. Again, it's a psychology ploy and I believe the market is waiting to see things turn positive -- at least for a little while.


I think you are right.
I have done well playing the shorts.
I am going to the mattress. I may miss out but there will be other days/rally to play.


I still maintain that Bernake sparked this with his comments yesterday that no systemically important firm would be allowed to fail.
I take that to mean that the "tests" of the major banks are only to see how much cash may need to be pumped in, that's all.

that's music to the ears of the socialist country we at core have become when it comes to risk/loss for the "important".

Plus, in keeping these majors alive , no matter the cost, they are KILLING the small and well run banks that need to support the local biz people.
KIlling them.


no failure, uncle said so. i think that means no great new success either.

the thing that keeps me out , is just like lots of the other grand utterings from the "masters" , I don't think they are really controlling squat and the more confident their sayings the less I believe them.

DJofSD
03-11-2009, 06:35 PM
Jim Cramer can go jump in the lake. I've made more money being contrary to him.

JustRalph
03-11-2009, 08:35 PM
i got it going to 8600 fast, with sideways corrections on the way.

after that 5400 wide open

wow! some prediction..........86 by when?

DJofSD
03-12-2009, 04:10 PM
There was enough bad news today to give the major indices cause to pause -- but, no, they continue to climb and closed higher on Thursday. Let's see if there's some profit taking on Friday.

DJofSD
03-18-2009, 07:36 PM
Options expiration is Friday. All the good news is helping the market psychology. However, there's still a lot of problems with the economy to be over come. For example, job losses are a laggin indicator and I expect them to continue to rise.

I expect there will be some bad news next week that will result in the market giving back some of it's recent gains. In other words, it will not be going up in a straight line.

Will the negative pressure be the result of domestic or foreign developments?

ddog
03-18-2009, 07:43 PM
i don't care , i still got my gold and bennyB the money pumper is going to make my year(s).

thx i guess bernake until you turn us into zimbabwe.
medium term - no matter this has to be good for the main indexes.
free money to chase the next bubble always leads to the next one.


they will never be able to unload all the crap he is going to lend against and i fear the markets will make him buy up everything.

nobody will do anything risky unless the fed is lending behind it.
:eek:

we shall see.