Simon's The Sky is Falling Thread

[newmny65]

Excellent thread.. I've learned its better to be prepared than to be left out in the cold.. I was lucky enough to get in the March lows and made some serious cash. I recently pulled all but my original trade account balance out to pay off all debt. Now I simply daytrade or try not to hold over a few days. My ROTH is very healthy but I keep the stops set at my comfort level. My first year in the market but from what I hear this one is like no other and the correction that doesnt seem to happen can hit when we least expect it..

[sasi]

As per market trends Jan of every year will typically tell us the direction of the market for that Year. Last year Jan it was in dumps and continued so till March untill govt intervened.
So if Jan 2010 is going to be Bullish we dont see a bearish till 4th Quarter 2010?

Also As per Doomsday predictions i guess there wont be another crash before 2012,and then market crashing to 4000 in dec 2012

[OldFart]

I have to agree...we're in for a major correction soon.

[simonyadig]

Posted this in the indices thread, figured it was worth a post here. Also, depending on what you like to use as a sell signal, but there is a very good chance that you got one this week on the weekly chart, I did. That doesn't mean that it can't become invalidated and it doesn't mean that it's going to drop right away, but it is the first sell signal I've seen on the weekly since June or so of this year. FYI, that sell signal was later invalidated, in case you couldn't figure that out.

[newmny65]

Originally Posted by newmny65

Excellent thread.. I've learned its better to be prepared than to be left out in the cold.. I was lucky enough to get in the March lows and made some serious cash. I recently pulled all but my original trade account balance out to pay off all debt. Now I simply daytrade or try not to hold over a few days. My ROTH is very healthy but I keep the stops set at my comfort level. My first year in the market but from what I hear this one is like no other and the correction that doesnt seem to happen can hit when we least expect it..

It may be already here..

[duderonomy]

Interesting read on the old adage of viewing January as the year's indicator.

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