Monday night I see it down by 2.5% in after-hours trading.vincecate wrote:US market off about 2% Sunday night pre-market.
http://money.cnn.com/data/premarket
Monday night I see it down by 2.5% in after-hours trading.vincecate wrote:US market off about 2% Sunday night pre-market.
http://xa.yimg.com/kq/groups/17324418/1 ... _Rev_B.pdfaedens wrote:I wish to be wrong on this chart...
http://olesiafx.com/economics/day-200801-19.htmlSince most small to moderate profits tend to vanish, the market teaches you to cash them in before they get away. Since the market spends more time in consolidations than in trends, it teaches you to buy dips and sell rallies. Since the market trades through the same prices again and again and seems, if only you wait long enough, to return to prices it has visited before, it teaches you to hold on to bad trades. The market likes to lull you into the false security of high success rate techniques, which often lose disastrously in the long run. The general idea is that what works most of the time is nearly the opposite of what works in the long run.
http://books.google.com/books?id=DjtVXp ... 22&f=falseJesse Livermore, one of the greatest speculators of all time, reportedly said
that, in the long run, you can't ever win trading markets.
Interesting... I arrived at a mid-2013 in that range as well simply by looking at a 15 year DOW chart (1996-Present) where a massive 6000 pt Head & Shoulders pattern is forming with ~7-8000 as the neckline. Given the time scale it will be about that long (trending down) to complete the Right shoulder. Of course if that happens, we'll get that DOW 3000 range John has been prophesying as the downside target very soon after.Higgenbotham wrote: http://xa.yimg.com/kq/groups/17324418/1 ... _Rev_B.pdf
I'm also picking up dates in this zone. May to July 2013 preliminary.
Fed: Low rates to stay till at least mid-2013 (released this afternoon - link below)xakzen wrote:Interesting... I arrived at a mid-2013 in that range as well...Higgenbotham wrote: I'm also picking up dates in this zone. May to July 2013 preliminary.
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