I got in at 1.83 with GM this morning and sold at $3.80 few hours later. Quick pretty penny, thanks to EchoShan. It was a sweet short rally due to bailout news from washington which later turned out to be part of a bunch of following flip-flop statements. Anyways, the word from washington for automakers at moment is, "Show us a plan and we will show you the money." You would think that the three auto execs yesterday would have submitted a plan at the hearings but that would have been the correct thing to do. obviously they are not serious about getting the bailout
any statement that has no and only way is usually incorrect.
you are close to germany, church and dwight would have netted you some good gains
its been up and down for last 2 months.
on a downward slope. good time to get into it. because there is no way it will stay down.
But to say that you never short and never lost money in what has been a downwards market is mind boggling to say the least. No one is saying you cant make money buying in this market but it is incorrect to say that you can never lose money in a downward market by buying all the time and never losing.
But to say that you never short and never lost money in what has been a downwards market is mind boggling to say the least. No one is saying you cant make money buying in this market but it is incorrect to say that you can never lose money in a downward market by buying all the time and never losing.
But to say that you never short and never lost money in what has been a downwards market is mind boggling to say the least. No one is saying you cant make money buying in this market but it is incorrect to say that you can never lose money in a downward market by buying all the time and never losing.
So market is where I think it should be :D, probably 7500 is the new resistance level.
lower... it will go below 7500,
look retail sales will be bad, i mean we can expect surprises but i doubt it
I already noted what all happens in december in general anyways, this time around its more so.
u have institutional pressure to do what is needed plus you have mob frenzy anyways.
eco where is the next support level on dow, any idea.
Ehsan bhai dow closed today @ 7552.29 and the nearest support is 7528.40 so kinda we are at a support level right now and to be honest this support level is pretty stronger than the ones we've seen b4, if this supports get busted aswell then the next support will be 6391.69 which is a bottom made on April 11 1997.
But one thing very obvious is that market is keeping on breaking all the supports no matter weak or strong, and every new high market makes is lower than the previous one, so it paints a very bleak picture so buying at this support level is not gona be safe aswell lol.
Ehsan bhai dow closed today @ 7552.29 and the nearest support is 7528.40 so kinda we are at a support level right now and to be honest this support level is pretty stronger than the ones we've seen b4, if this supports get busted aswell then the next support will be 6391.69 which is a bottom made on April 11 1997.
But one thing very obvious is that market is keeping on breaking all the supports no matter weak or strong, and every new high market makes is lower than the previous one, so it paints a very bleak picture so buying at this support level is not gona be safe aswell lol.
But that is a normal phenomena in a 'downward' market.
But that is a normal phenomena in a 'downward' market.
Bro believe me its not, watever is happening is farrr from normal.
normaly market respects supports and resistents, and if the news and atmosphere is very bad it would break one or 2 supports or resistents and bounce back and would generally move in the narrow range of 150 points (S&p500) but now market is down from 1580 to 745 in almost a year, 850 points, it is abnormal.
investment banks Deal "Mostly" in stocks, but we as mentioned in the title we deal in Futures and Forex. everything in NewYork Stock Exchange and Chicago merchantile Exchange eg) S&P500, Dow jones, Nasdaq, Euro, Canadian Dollar, British pound, australian Dollar, japanese Yen, Crude Oil, Gold, Soy beans, Orange Juice etc etc etc.
