Posted:
#26
SMN 37.10 nearing 200 day may stall here
Mikeys Corner
Posted:
#33
It gets squirrelly now. The commodity stocks. are fininshing their selloff BUT AND ITS A BIG BUT the DOLLAR keeps going up. So watch for all those stocks we shorted the last couple of weeks to snap back..including oil stocks In the grand scheme of things it is only a blip but I know you guys will feel it if you are short so I am mentioning it
Posted:
#35
The rise in the dollar and the decline in Oil and Gold does nothing to help the economy now. It is just another short by the FED to soften the decline in the US markets.The reality is that the things are still going to hell in a handbasket. This rally is similar to the ones in August of 2007 to Oct of 2007and March 2008 to May 2008.
Posted:
#39
Expect to take a short position in the market at about the 12300 area. This is a position trade by that I mean I want to build a large position short in the market. I will use the DXD ..Double short the DJIA I expect to beging buying it around the 55 area. I do not expect ot make money on it in the short term I would expect to hold it into at least the first half of next year. In a positon trade the more they take it against me the more I buy. Normally, I will be under water to 3 months while I accumulate the stock.If you are a trader. Do not do this trade.
Posted:
#42
Quote Originally Posted by mikey22222:
The rise in the dollar and the decline in Oil and Gold does nothing to help the economy now. It is just another short by the FED to soften the decline in the US markets.The reality is that the things are still going to hell in a handbasket. This rally is similar to the ones in August of 2007 to Oct of 2007and March 2008 to May 2008.
The rise in the dollar and the decline in Oil and Gold does nothing to help the economy now. It is just another short by the FED to soften the decline in the US markets.The reality is that the things are still going to hell in a handbasket. This rally is similar to the ones in August of 2007 to Oct of 2007and March 2008 to May 2008.
you are absolutely right on this...I guarantee by October we will have collapsed; I myself am going to wait until September rolls around before i go against....i think you let oil go under 100 and then it will rally again...this is not the end of the oil boom something tells me the bears will be back in it pretty soon
Posted:
#46
CMI is a very tough stocks to play loads of volitility but it is going to end up in the 40's now 71.69 No stop on this one just going to ride it out. It could take out its recent high at about 75 near term but it is still going to get crushed. Men only with a big pair should only trade this one but the rewards are great
Posted:
#48
The decline in oil and the commodities is being spinned as good news. THAT IS NOT THE TRUTH. This is a symptom of a weak economy. The collapse in commodities is very very bearish. With respect to the stock market it is an excuse to get you back into the market. This rally may for another couple of months or it may stop next week but the final outcome of this is very negative. I am saying that in one year we are a lot lower, possibly lower than 7500. The near term market has to be played out and it is rallying from an oversold condition. I am still guessing that we go above 12000 but I am looking for a place to get short and take a position in the DXD..now at 59.73. I am thinking that I can start buying it at 57.5 and then add on if it falls I would expect to sell the next move up in the high 70's low 80's. The 200 day is at 55.60 now could drop below this price.
The SKF will give you the first indication that the DXD should be bought. If the SKF takes off Start buying the DXD. Stay tuned
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