| StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500 | << 1 ... 5 6 7 8 9 ... 30 >>Post Follow-up |
| nikoschopen 2,824 posts msg #61196 - Ignore nikoschopen |
4/7/2008 2:57:06 PM Well, you and I certainly will go down in StockFetcher history as not-so-brainy traders who marked the decisive break from the pack of hopeless buffoons in need of redemption. Lets just hope that we're right. lol For the time being, you can take solace in the latest prediction made by my crystal ball, which sez the S&P 500 will drop by as much as 20% from here and should be trading at or near 1100 by mid-June. |
| karennma 8,057 posts msg #61203 - Ignore karennma |
4/7/2008 8:28:17 PM nikoschopen 4/7/2008 2:57:06 PM For the time being, you can take solace in the latest prediction made by my crystal ball, which sez the S&P 500 will drop by as much as 20% from here and should be trading at or near 1100 by mid-June. ======================================================== Sweet! I'm ready ... and lookin' forward to it! $$$$$$ k. :>) |
| zeezeetop 30 posts msg #61204 - Ignore zeezeetop |
4/7/2008 8:30:14 PM Keep in mind that the Fed still has one or two more bullets left in the chamber. That should give one or two small to medium size rallies. Then the 'let our children pay for our mistakes' give away starts and that could go two different ways. If we all go to the local restaurants and have a nice meal or two, then the US economy will benefit. If we go to Best Buy or Circuit CIty and buy electronic gadgets, then bet on Chinese stocks. Reaganonomics, or spending to refurbish a bunch of old rusty ships, propelled the Japanese economy and when the Reagan spending stopped, so did the Japanese economy. Shipyard workers bought Toyotas and Nissans instead of Chevies and Fords. They bought Sony instead of Zenith. The Olympic spending in China will stop in the fall so expect a fall in the foreign markets to start then. Look at the Bollinger-Keltner graph presented several weeks ago. It's Deja VOO all over again. I am trying to be realistic and mention historical events that could give us some idea of what's ahead. |
| nikoschopen 2,824 posts msg #61207 - Ignore nikoschopen |
4/7/2008 8:40:46 PM Either way, have ure barf bag ready because it ain't gonna be a smooth ride. |
| 6263 3 posts msg #61216 - Ignore 6263 |
4/8/2008 3:11:20 AM Keeping within this thread, monthly/daily volume on SPY seems low to keep price. Looking lower into July myself. But follow your own ideas. They are probably better than mine. Bad news, higher oil, alarming/creative events and the media/market is looking up. Watching Ben discuss BSC with our leadership was just interesting. Otherwise a few questions; -The Fed could inflate the market to what? -If you are in the markets to collect USD, are those dollars going to buy? -What is your thought on wealth preservation? BRIC, inverse ETF. gold, or just make more? -Amount/impact of foreign investment in US markets- happening to UYG? |
| zeezeetop 30 posts msg #61218 - Ignore zeezeetop |
4/8/2008 8:36:46 AM SPY could be in a short term breakout to the down side or at least until GE reports on Friday. Watch ZZ after COB today. This could be an indicator on the economy. |
| nikoschopen 2,824 posts msg #61226 - Ignore nikoschopen |
4/8/2008 11:32:10 AM 6263, They're all interesting as well as pertinent questions which I, as a daytrader, am hardly qualified to answer. However, it's my opinion that Bernanke & Co. is stoking the inflation to intentionally deflate the value of currency, which is always the preferred method in a time of recession. When the global economy is in a fine shape, this would otherwise be a welcome news for the foreigners since they can scoop up pieces of our real estate dirt-cheap. But with the dollar free-falling and the rest of the world going sour by the minute, you would likely see foreign investments dry up and the treasury bonds going belly up. As far as wealth preservation goes, I'm a huge believer of wealth ACCUMULATION, not preservation. |
| nikoschopen 2,824 posts msg #61227 - Ignore nikoschopen |
4/8/2008 11:42:34 AM The SPOOZ (S&P futures) has since hit the upper trendline extending back to 04/02 from below and is now retracing its move back down. This should be a nice short setup. |
| nikoschopen 2,824 posts msg #61228 - Ignore nikoschopen |
4/8/2008 11:51:21 AM |
| nikoschopen 2,824 posts msg #61235 - Ignore nikoschopen |
4/8/2008 2:28:47 PM BTW if ure not sure how one market is affected by another market, check out John Murphy's "Intermarket Analysis". |
| StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500 | << 1 ... 5 6 7 8 9 ... 30 >>Post Follow-up |