Stock Market Today - Intraday discussion - Page 212  

Looking for further consolidation in the markets as events prepare to unfold during the fall.

After the markets finsih their consolidation period(slight downard movment), events worth looking towards for are:

Earnings guidance(this will have the biggest impact on themarkets in weeks to come, 40% of total weight).
Economic news( 20% of total weight)
Subprime news(20% of total weight)
Technicals (10% of total weight)
Psychology (10% of total weight)

Volatility has ended for now but when companies start to guide for the Full year, markets will experience wild swings again.

Warnings will leave to disaster but suprises will lead us to 14K again.

What happened.

Listen guys, you hear it first, watch for BIG NEWS from the Fed's very soon You can quote me on this and review it back in the next couple of weeks. It will rally back up very hard and if you dont find your bargins now and the up coming weeks. You will miss out on huge gainers.

Again, Fed is going to surprise many of you and the bulls will come back to take the trend back up! Again, remember the OIL crisis, now mortage crisis. Same old same old. PANIC is what's causing this drop.

ACH was up 16% overnight. Will open up huge this morning after great earning report. Foreign markets will up, futures are up. I see 100-200 point on the upside in the dow. Probably will be a Pop in the morning, followed by a dip and a strong end barring any drastic news.

Was a good day for tech and DRYS and ACH yesterday. Today will be better.

let me guess..their big news is another rate cut as thats what im hearing drip through the news lines as coming. saying good news will come out in a few weeks sounds like youre trying to play the penny mentality on the market index.

and i didnt realize that many high price mortgage companies going out of business was panic. from what i remember, its called defaults.

Nice jump in the futures, driven by potential merger news again. I would much rather see the markets consistenly climb from the open than gap up.

I wouldnt be suprised if a small wave of selling occurs right at the open. Obvisouly the markets look like they will go higher today but some selling coud be taken place.

Nice to see a side takefirm control for the day.

China is just on fireeee.

That market doesnt go down and yet mosrt companies still look cheap.

When you ave a growth there is no way of stopping a company from being rewarded.

Their might be some pullback here and there but those markets are sure to go higher over the next few years.

Why if he (Stocks) annotated the chart did you feel the need to post for him.
He was in here just yesterday and could easily post it himself. Also why would you add commentary on something he annotated?

I did see the doji on the weekly with lower volume...we are only mid way through the week though so it either has to hold or prove the upside in the last days of this week to be bullish. Time will tell.

Added---
I also like last weeks candle with the big volume, seems to show buyers coming in late in the week to help rally from scary lows.

mcic why dont you just go short on the market and stop trying to give rockettrader a hard time

do you even read what he writes? didnt you get on him about not reading what you wrote, when he interpreted it differently than you meant it? you are completely ignoring what he wrote, so why say anything to him if you wont listen to what hes saying? stop causing trouble.

what a crappy day to be trading the ES

Wtf, are you talking about? My comment was said in the sense of "being a smart ass". Of course I dont think you should short this market. You would be insane to do so and I frankly think your nuts that you probably tried to short it yourself and losing money. Get a grip and you need to stop causing trouble here.

Rockettrader and I, know exactly what will happen to the market, and if you will stop insulting, maybe you can learn from it. Now quit it!

Ok dood, whats the problem here? Just everyone stop insulting everyone....it's over let it go....you just got unbanned...there is no need to continue the bickering....it's over fellas! Now can I PRETTTTTY PLEASE get some volume on the ES....PLEASEEEE with SUGAR on top!!!

Look, many of you just do not listen and realize this is all panic mode!! You guys are making a big deal over 2% of this econ. The FED chairman is for sure going to step up and use everything in his might to recorrect this!! I think its sad that many of you are so skeptical about this market because of the fear that the media and PR's put on you guys.

Just relax , give it time here and you will see this mess diminshed away!

Signal to noise ratio is getting worse and worse in here...

Q's are holding above 47, which is very good news for the bulls IMHO (it was though support to break on the way down).

But I'm still waiting for the bullish price index to cross at least the 10 MA.

Just follow this chart and once the price makes its way above this moving average, the bulls have won and it will start trending up.