I agree Johnli, Day Traders beware! Like walking on marbles right now. I wounder if even turning 1/4's and 1/8's are good theory now. The Iran reaction will be interesting also, especialy on futures I think (Nat. Gas I am specificaly refering to)
Right now Ghost, it looks like Bull, but S&P and Foregin early am looks wierd, right now its lots of wavering, need to see it after opening. Wait for this G20 thing to settle in. Overnight is an indicator, but usualy with other factors considerd also.
Bad or Good its a crap shoot right now. We are approaching a high peak, so its caution if your smart, place some sale orders, place some limits and buys to offset it, look for signs (Saftey) keep your account balance and be liquid to move in or out. Dont get extended early in the day.
I called market top at this forum on 9/22/09, one day before the market hit the top (2167 for Nasadq, 1080 for $SPX) and started to sell off. Today's big drop confirmed my market top call on 9/22/09 is correct.
Unfortutely, not many people paid attendtion to my post at the forum at that time. Othewise, they can survive the big selloff.
The stock market has risen about 15% in the last 3 months and about 80% in the last 8 months. Seriously?We are still losing close to 200,000 jobs a month and small businesses are hurting. The economic data...
It's at 12,900+ right now with a few hours to go in the trading day.Ladies and gentlemen, place your bets.Lectures about why the stock market is a meaningless measure of anything are expected. Go right ahead.I'm just...