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« Venture Capitalists Giddy Again? | Main | Clear Triangle in Euro is On Final Leg »

Wednesday, June 03, 2009

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EN

USD going back up sounds right to me.

I am reducing my risk by placing the stop I had at 1020 ES to 951 ES. If this thing get back up above this week's high, it is likely to run to 1000.

Good luck.

Upstart

Interesting, because I still say that the XAU looks like it could have been in wave 5 of an ending diagonal, and it closed back beneath the overbought today.

anon_aka_TERA BAAP

what a joke! bears couldn't even push the S&P below the 200 dma..i bought this dip with a vengeance, and looking forward to ANOTHER cash-filled weekend ! i'm sure Neely is still waiting around to "catch the top" while simply buying heavily on any weakness continues to generate profits...i wonder what he will say when the market continues to make new highs

the lows of 666 , or anywhere near that level, will NEVER be seen again .. i just wish i had videotaped CNBC that day..to remember what it looked like

tony

anon, you are right. Same view shared by http://thinkingtrades.com - Confusion is not an option in this market

Thor's Hammer

Yes, stocks are going up. We have seen the lows and they weren't really so low after all.

Sorry Prechter and Neely sheep.

Sheep get slaughtered. :(

I bought stocks with my unemployment check!!!

Hey, you! Are you unemployed, underwater on your home and maxed out on your credit cards? Wanna get rich without working? Sure you do! Who doesn't?!

Just buy call options with your unemployment check, dummy!! The market will never go down again, so there's absolutely no risk!!

If you're one of the millions of Americans who's lost wage-paying work and are unemployed, call 1-800-GRN-SHTS (pronounced "green shoots") today!!! We'll give you a call option buying action plan that shows you how to buy call options in the morning and sell them in the afternoon for an 80% gain!!! You have nothing to lose but the sense of despair at a world gone mad!!

Thor's Hammer

Not everyone is unemployed and broke. If you want to be sarcastic, fine, but don't try trading on it.

This market is going up, folks.

anon, that's exact reason you got fired.  stupidity!

"I bought stocks with my unemployment check!!!
We'll give you a call option buying action plan that shows you how to buy call options in the morning and sell them in the afternoon for an 80% gain!!! "

anon, that's exact reason you got fired. stupidity!

I bought stocks with my unemployment check!!!

Not everyone is unemployed and broke. If you want to be sarcastic, fine, but don't try trading on it.

This market is going up, folks.

What would an inanimate object owned by an immortal god know about unemployment? I didn't say "everyone" is unemployed and broke, just that millions of people are and by all accounts there are millions more who will be in the short to medium term. Beyond that, there are demographic and financial imperatives faced by households who've lost trillions in net worth that will depress consumption, which is quite a drag on an economy that was made up primarily of consumer spending. Get it? "Consum"er/"Consum"ption.

Just so I have clarity: The market is going up because you say it is going up? Is it OK if I ask for a little bit more substance than that?

I'm unemployed, I've got time to listen to your reasoning. I like a bear market rally as much as the next trader, but above all I'm a pragmatist and a realist.

Thor's Hammer

Well, if you have any money and you want to make money, buy stocks or long term calls. This puppy is going up.

Odin's Thunderbolt

Well, if you have any money and you want to make money, sell stocks short or buy long term puts. This puppy is going down.

See what I just did there?

Odin's Thunderbolt

For full disclosure, I was buying in March and in April. I am not buying now.

mttoolkit

if the USD is going up, isnt that deflation? wouldnt stocks decrease along with commodities like gold etc/

mttoolkit

Hey EN

email me at [email protected] i want to talk to you about how you combine other methods with your River Theory trading

Francis Schutte

Hard to believe people still see the possibility of a stronger dollar! The Dollar is a Death Currency walking. With this kind of debt and the problems the banks are in (real estate, CDO's, Credit default swaps), the credit card house,...it will need a lot more than weed to go up!
Having said this, the odds that we will see a strong "nominal stock market" are rising by the day. But remember, either it will be a strong stock market, either a strong dollar....

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