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IDS World Markets Fri 10th October 08


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#61 Lemur

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Posted 10 October 2008 - 08:28 AM

Up well over 100 Dow points and 18 rut points on my longs, and have never been so scared that that kind of gain could evaporate in 2 minutes flat... :lol:  :lol:

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Is that a good 'buy fear' signal?

#62 DrStool

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Posted 10 October 2008 - 08:31 AM

Dr Correll - wall of text aside, congrats on being focused so early.  You're miles ahead of where many of us were at 20.  Best of luck.

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I disagree. I think that his priorities are sadly misplaced.

If it's only about money, then you miss out on life. At that age, at any age, the first priorities should be on building relationships and filling your head with knowledge to the greatest extent possible. The wealth will flow from that. The greatest riches come not from dollar signs. They come from the love of family and friends. One is only truly wealthy when they have love and joy. I know people with very little whose lives are filled with joy. I also know those with lots of money whose lives are empty and bitter. Obviously it's better to have both financial comfort and joyfulness, but the path to getting there starts best by seeking love and wisdom, not money.

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#63 I_Am_Madness

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Posted 10 October 2008 - 08:40 AM

MS crashing...
8.50...

Free Fall'n.
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#64 Slappy

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Posted 10 October 2008 - 08:40 AM

I believe could stop this whole meltdown in about 10 minutes flat by donging some SKF or SDS.


And yet, I feel no urge to do so...



Posted Image

#65 I_Am_Madness

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Posted 10 October 2008 - 08:43 AM

I disagree. I think that his priorities are sadly misplaced.

If it's only about money, then you miss out on life. At that age, at any age, the first priorities should be on building relationships and filling your head with knowledge to the greatest extent possible. The wealth will flow from that. The greatest riches come not from dollar signs. They come from the love of family and friends. One is only truly wealthy when they have love and joy. I know people with very little whose lives are filled with joy. I also know those with lots of money whose lives are empty and bitter. Obviously it's better to have both financial comfort and joyfulness, but the path to getting there starts best by seeking love and wisdom, not money.

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Doc,
I don't think he's ignoring everything else. If he's not keeping up with news and trading he could easily be in front of the TV playing XBox.
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#66 K Wave Rider

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Posted 10 October 2008 - 08:43 AM

8450 looks like da new pivot...out for nice scalp and watchin again...

#67 astral mike

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Posted 10 October 2008 - 08:44 AM

spx patterm brakdown would target 842

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  • spx_842_target.jpg


#68 I_Am_Madness

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Posted 10 October 2008 - 08:44 AM

I believe could stop this whole meltdown in about 10 minutes flat by donging some SKF or SDS.
And yet, I feel no urge to do so...
Posted Image

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Might get a violent spike to 210, the highs printed in mid July.
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#69 I_Am_Madness

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Posted 10 October 2008 - 08:46 AM

GS at 90.60..
Is it true that Buffet don't believe in hedging?
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#70 Sudaca

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Posted 10 October 2008 - 08:48 AM

I'm hearing the street is cutting trading ties to MS. No longer acceptable counterparty at some desks.
Thanks, David

#71 phatbubble

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Posted 10 October 2008 - 08:48 AM

I disagree. I think that his priorities are sadly misplaced.

If it's only about money, then you miss out on life. At that age, at any age, the first priorities should be on building relationships and filling your head with knowledge to the greatest extent possible. The wealth will flow from that. The greatest riches come not from dollar signs. They come from the love of family and friends. One is only truly wealthy when they have love and joy. I know people with very little whose lives are filled with joy. I also know those with lots of money whose lives are empty and bitter. Obviously it's better to have both financial comfort and joyfulness, but the path to getting there starts best by seeking love and wisdom, not money.

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Ummmm let me clarify Doc, as I agree with you completely.

I remember having lots of love & joy in my life at 20, and still do.

I couldn't, however, have given even a rudimentary explanation at that point as to how the economy or financial markets worked, and had no real longer-term gut sense of the value of saving, beyond being able to afford something cool for my dorm room.

I don't think it's either/or. If it were, obviously, love & family would come first.
Quod Severis Metes

Your life is the sum of a remainder of an unbalanced equation inherent to the programming of the Matrix. You are the eventuality of an internal anomaly, which despite my sincerest efforts, I have been unable to eliminate from what is otherwise a harmony of mathematical precision. While it remains a burden assiduously avoided, it is not unexpected, and thus not beyond a measure of control. Which has led you, inexorably, here.
You haven't answered my question.
Quite right. Interesting. That was quicker than the others.

#72 Lemur

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Posted 10 October 2008 - 08:50 AM

Looks like we get another chance to buy EWZ today.

On second thoughts, this buying falling knifes business is not working out so well.

#73 K Wave Rider

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Posted 10 October 2008 - 08:51 AM

Making trades based on 1 min charts that used to be 15 min chart moves....crazy!

#74 I_Am_Madness

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Posted 10 October 2008 - 08:51 AM

GS just tagged the September lows at 86.
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#75 K Wave Rider

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Posted 10 October 2008 - 08:57 AM

GS just tagged the September lows at 86.

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one of the Ugliest breaks on daily chart I've ever seen on that one....





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