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 Stock market V16, Greed when people fear!

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greddym3
post Oct 10 2008, 11:35 PM

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http://finance.google.com/finance?q=AMEX:SDS

those who short the market is smiling very wide now...
AdamG1981
post Oct 11 2008, 12:04 AM

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Watch market volume.


keelim
post Oct 11 2008, 12:07 AM

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omg!!! i missed V16 opening ceremony T_T
AdamG1981
post Oct 11 2008, 12:14 AM

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Capitulation is coming.

1.05 billion shares traded mid day.
cherasbabe
post Oct 11 2008, 12:31 AM

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oredi 2 black mondays.. do u think great depression will repeat on Oct 24?
AdamG1981
post Oct 11 2008, 01:32 AM

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1:30 am, 1.3 billion and counting.
kbandito
post Oct 11 2008, 01:43 AM

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DJIA at 8093 now, -485!
AdamG1981
post Oct 11 2008, 01:46 AM

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I'm so praying for capitulation...
Medufsaid
post Oct 11 2008, 04:08 AM

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Lol. WE have capitulation... This is surreal.
AdamG1981
post Oct 11 2008, 04:16 AM

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WE HAVE FOUND THE BOTTOM!!!!!

Thank God.....what a nightmare this week has been!

We rallied close to 800 points in the last hour before settling -125..


tsarena
post Oct 11 2008, 04:20 AM

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QUOTE(AdamG1981 @ Oct 11 2008, 04:16 AM)
WE HAVE FOUND THE BOTTOM!!!!!

Thank God.....what a nightmare this week has been!

We rallied close to 800 points in the last hour before settling -125..
*
15 mins before close saw in green zone... last minute go down to -128 doh.gif

How do you know it's bottom?
AdamG1981
post Oct 11 2008, 04:35 AM

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QUOTE(tsarena @ Oct 10 2008, 01:20 PM)
15 mins before close saw in green zone... last minute go down to -128  doh.gif

How do you know it's bottom?
*
brows.gif

Look at the daily stochastics @ stockcharts.com

tsarena
post Oct 11 2008, 04:49 AM

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Thanks for the website... Adam

Hope Monday can see some green

This post has been edited by tsarena: Oct 11 2008, 04:50 AM
cherroy
post Oct 11 2008, 09:04 AM

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QUOTE(tsarena @ Oct 11 2008, 04:20 AM)
15 mins before close saw in green zone... last minute go down to -128  doh.gif

How do you know it's bottom?
*
Bottom normally come in "V" shape, so with the market movement on Friday, it definitely form a double "V" but whether it is a real bottom or temporary bottom, only time will tell, but it is indeed a sharp "V" that by text book, it is forming a bottom.

Technically a double bottom is sign of market found some support at that level, around 8,000.
AdamG1981
post Oct 11 2008, 09:13 AM

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QUOTE(cherroy @ Oct 10 2008, 06:04 PM)
Bottom normally come in "V" shape, so with the market movement on Friday, it definitely form a double "V" but whether it is a real bottom or temporary bottom, only time will tell, but it is indeed a sharp "V" that by text book, it is forming a bottom.

Technically a double bottom is sign of market found some support at that level, around 8,000.
*
Yup, bears tried twice to break the 8000 level but the financial stocks bulls were just too strong. smile.gif

OH, and Paulson is now on a shopping spree to purchase banks? brows.gif rclxm9.gif


Added on October 11, 2008, 9:21 amAussie dollar to drop to a new Low? 0.60 coming. smile.gif

This post has been edited by AdamG1981: Oct 11 2008, 09:21 AM
hanif444
post Oct 11 2008, 09:25 AM

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hope the double V will be bottom..otherwise Asia market will hot badly starting on 1Q 2009..Spore prime minister already warn employed dont easying cut job at these time..
cherroy
post Oct 11 2008, 09:45 AM

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QUOTE(AdamG1981 @ Oct 11 2008, 09:13 AM)
Yup, bears tried twice to break the 8000 level but the financial stocks bulls were just too strong. smile.gif

OH, and Paulson is now on a shopping spree to purchase banks?  brows.gif  rclxm9.gif


Added on October 11, 2008, 9:21 amAussie dollar to drop to a new Low? 0.60 coming. smile.gif
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Would consider scoop up some Aussie as well, beaten quite hard and fast last 2 week.
eltaria
post Oct 11 2008, 10:01 AM

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QUOTE(AdamG1981 @ Oct 11 2008, 04:35 AM)
brows.gif

Look at the daily stochastics @ stockcharts.com
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hi hi, noob questions here, where in stockcharts.com do I look for daily stochastics?

Thanks
AdamG1981
post Oct 11 2008, 10:19 AM

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QUOTE(eltaria @ Oct 10 2008, 07:01 PM)
hi hi, noob questions here, where in stockcharts.com do I look for daily stochastics?

Thanks
*
Pull down the indicator menu and look for stochastics; there are three types, full, fast and slow.


Added on October 11, 2008, 10:21 am
QUOTE(cherroy @ Oct 10 2008, 06:45 PM)
Would consider scoop up some Aussie as well, beaten quite hard and fast last 2 week.
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Still can go down.....I am expecting oil to hit low 60s if it breaks 75. smile.gif

This post has been edited by AdamG1981: Oct 11 2008, 10:21 AM
sharesa
post Oct 11 2008, 10:50 AM

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Switching to cash may feel safe, but risks remain

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