rdkyote Posted May 3, 2007 Report Share Posted May 3, 2007 Checking back with nat gas.... i predicted we'd be off and running by now. Guess its just grinding away. "They" must be unwinding some short interest. I still like NG despite what all the bears say. Link to comment Share on other sites More sharing options...
Jimi Posted May 3, 2007 Report Share Posted May 3, 2007 I think bears are suffering from market fatigue, and bulls are too busy counting their profits. The market has been up 90% of the time for the past 5 weeks. What fun is that? 580063[/snapback] It's absolutely no fun. No fun, whatsoever. I hate these markets. Every morning, I wake up and watch the first 30 minutes of CNBS and just get sicker & sicker. Is Haines drunk? I don't effing know - but he's a cocky POS along with his wierd poodle sidekick - working some sort of sick bestial Electra thing, first thing in the morning - and that pea-brained Pissonme, who begins every paragraph with, "Look..." as if he's about to reveal something other than reliable inanities about what he's "hearing from traders on the floor." I hate it. There's obviously talent here that can game it long & short. I can't. And there's nothing more valuable than knowing one's limitations. So, 30 minutes a day, flip it on, be reassured that the BS continues unabated, go slave in the saltmines, come home, read about how longs made more effortless money in the markets again, read M2M and get reminded that I'm a stoopid bear, go to bed. Wash. Rinse. Repeat. It's been the same crap month after month after sullied month. There was hope a few months back, when things in Asia seemed to be coming unglued, and there was a whiff of global contagion. But then - "Psych!" - it's off to new all time highs (so long as you don't measure it in gold or oil or non-dollars or anything else that retains value). To top it all off, after having lived debt-free and financially responsibly all my life, and watching friends buy houses without jobs, and out-and-out lie on legal documents to take possession of 6-figure assets with no money down. Lo! And behold! The #*(^$#ing politicians are coming out of the woodwork to decry the lending practices that put these liars in apparant trouble. So, all sorts of BS proposals are being floated to offer these dickheads various workouts. Workouts?! On what basis?? On behalf of jackasses too lazy to read the freaking mortgage paperwork? Or, who were so-o-o-o certain that "real estate only goes up," that there was never any need to ask questions? So that a responsible renter like me can't buy their worthless note out at 50 cents on the dollar? I swear to god, if the impulse to bail out borrowers & lenders catches a tailwind, I will move every last living cent of my capital out of the United States of Socialistic State Planning and Moral Hazard, and its damned shrinking dollar, because the bailout will only serve as a harbinger of what is on deck in the form of the Mother of All Worthless Reckless Teat-Suckers - Baby Boomers who have done nothing to prepare to take care of themselves. They're like the gallstone of American generations. They simply cannot pass fast enough. Yup. No fun. No fun whatsoever. And no hope whatsoever.... Wait, what's that? "Wrong Way Ord" is closing shorts and going long, eh? Hmm... perhaps there's hope after all. Link to comment Share on other sites More sharing options...
Goldmember Posted May 3, 2007 Report Share Posted May 3, 2007 Yup. No fun. No fun whatsoever. And no hope whatsoever.... Wait, what's that? "Wrong Way Ord" is closing shorts and going long, eh? Hmm... perhaps there's hope after all. ...first thing I thought too! Link to comment Share on other sites More sharing options...
Brisbane Bear Posted May 3, 2007 Report Share Posted May 3, 2007 desperate times call for desperate measures.. rent or buy or anything... $1100 per week rent or a steal at just $1.5 million. http://www.realestate.com.au/cgi-bin/rsear...urce=emailalert Link to comment Share on other sites More sharing options...
MrHanky Posted May 3, 2007 Report Share Posted May 3, 2007 In all the years I have been a part of this board,I have never seen it more dead.... I have no clue when this market will reverse...when it does it will be lightning fast.I think we slowly grind a bit higher for the next few days then have a sharp pullback.I have been long for the most part in the last month trading etf's and have made a few bucks without taking too many risks. If anyone has an upside target for the market(or did we hit it?),I would love to know what you think....cause I have no clue.... Link to comment Share on other sites More sharing options...
rdkyote Posted May 3, 2007 Report Share Posted May 3, 2007 Coincidence.... I think not. Link to comment Share on other sites More sharing options...
try2win Posted May 3, 2007 Report Share Posted May 3, 2007 In all the years I have been a part of this board,I have never seen it more dead.... I have no clue when this market will reverse...when it does it will be lightning fast.I think we slowly grind a bit higher for the next few days then have a sharp pullback.I have been long for the most part in the last month trading etf's and have made a few bucks without taking too many risks. If anyone has an upside target for the market(or did we hit it?),I would love to know what you think....cause I have no clue.... 580077[/snapback] from a technical stanpoint there is no way to call a top per say. although there are certain things i would look for once the top has been made. im sure most know what they are. chart readers like madness, wndysurf, doc, lee wee etc .... one thing would be a selloff a run up and then fail at previous high, then break the previous low.... that would get the ball rolling. downhill. at one point , i tried to game the market from reading 'stories' good or bad and that was just a losing proposition for me. when money is involved you never know to what extent stories are being manipulated. for good or bad. lots of doomsdayers out there and cheerleaders as well. i just try to follow the charts and think inverse to stories and articles when they just scream out " bullsh*t " ! in the short time that i have been here i have learned a couple valuable things. i also see that people have some strong emotions at times. its all good though. thats what makes markets. fear, greed emotion .. liek WHY do i still own marvel ??!! someone throw some cold water in my face. Link to comment Share on other sites More sharing options...
try2win Posted May 3, 2007 Report Share Posted May 3, 2007 Coincidence.... I think not. 580078[/snapback] i had thought about that today !! Link to comment Share on other sites More sharing options...
try2win Posted May 3, 2007 Report Share Posted May 3, 2007 speaking of airlines getting the hammer ... i think this might be worth getting long for a trade.... MESA Link to comment Share on other sites More sharing options...
try2win Posted May 3, 2007 Report Share Posted May 3, 2007 i am still long this electronic billboard maker , vry little volume at times... no DAAKT but .... TLX : Link to comment Share on other sites More sharing options...
try2win Posted May 3, 2007 Report Share Posted May 3, 2007 CNE needs love ... Link to comment Share on other sites More sharing options...
crazy_ate Posted May 3, 2007 Report Share Posted May 3, 2007 This BLOWS Link to comment Share on other sites More sharing options...
I_Am_Madness Posted May 3, 2007 Report Share Posted May 3, 2007 I'm a 50% fib guy. Either to short or dong. It's a great entry/exit point in my opinion. Here's a "Possible" scenerio. What if we go to 1560 to test the all time life time highs on the s&pee. Guess where the 50% fib number is? Link to comment Share on other sites More sharing options...
Drano Posted May 3, 2007 Report Share Posted May 3, 2007 Yup. No fun. No fun whatsoever. And no hope whatsoever.... Wait, what's that? "Wrong Way Ord" is closing shorts and going long, eh? Hmm... perhaps there's hope after all. ...first thing I thought too! 580075[/snapback] Me too Link to comment Share on other sites More sharing options...
Drano Posted May 3, 2007 Report Share Posted May 3, 2007 Coincidence.... I think not. 580078[/snapback] Animals "in rut" and RUT is a major index. Coincidence? I think not. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.