DJIA drop more than 800 points in 2 days? Yeap, and its not bottom yet. Look for another 5-10% drop. That's why i said, don't go to V18 yet.
This post has been edited by AdamG1981: Nov 21 2008, 09:33 AM
Stock Market V18, Stock Market Chit Chat
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 Nov 21 2008, 09:33 AM
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Say what????
DJIA drop more than 800 points in 2 days? Yeap, and its not bottom yet. Look for another 5-10% drop. That's why i said, don't go to V18 yet. This post has been edited by AdamG1981: Nov 21 2008, 09:33 AM |
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Nov 21 2008, 09:35 AM
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Thank you HANK! Thank you Pandit! You guys are real jokers!
This post has been edited by AdamG1981: Nov 21 2008, 09:36 AM |
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Nov 21 2008, 09:46 AM
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QUOTE(panasonic88 @ Nov 20 2008, 06:40 PM) Time for some interesting story-reading. An Asian Twist to Explain the $$$ Crisis One day, a plain-looking man came with a pretty-looking OL(Office Lady) to the LV store in Causeway Bay (Hong Kong Island). He chose an LV bag worth HKD 65,000 for the OL. When it came time to pay, the man took out a checkbook and wrote out a check. The salesperson was hesitant because the couple hadn't shopped there before. The man discerned what the salesperson was thinking and he said calmly: "I sense that you are concerned that this check may bounce, right? Today is Saturday and the banks are closed. Let me suggest that I leave the check and the handbag here. When the check clears on Monday, you can deliver the handbag to this lady. How about that? The salesperson was reassured and gladly accepted the suggestion. In addition, he waived the delivery charges. He promised that he would personally make sure that this gets done. On Monday, the salesperson took the check to the bank. The check bounced! The irate salesperson called up the client, who told him: "What is the big deal? Neither you nor I have suffered any loss. Last Saturday night, I went to bed with that girl already! Oh, by the way, I thank you for your cooperation." This story reveals the nature of the sub-prime mortgage crisis. When people have high hopes for huge future returns, they lower their guard about the potential risks. This pretty girl thought that the HKD 65,000 LV bag was going to come home on Monday, and so she lowered her guard. Therefore, she believed that her investment in the ONS (one night stand) was worth it even though it was based upon huge and highly uncertain risks. Investment companies are great with packaging high return (but high risk) deals. The stock speculators are like this pretty woman. As such, they deserve to lose money. Without people like these, how are people going to make money from the stock market? As for the media and the stock analysts, they often play the role of the LV salesperson.   LOL!!!!!!!!!!!!!!!!!!!!!!!!!!!!  That's why Americans are suffering now, they use credit to floss on something they don't own in the first place. This post has been edited by AdamG1981: Nov 21 2008, 09:48 AM |
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Nov 21 2008, 12:50 PM
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Technical rebound only pana....it will hit resistance at 8000 before heading down to complete its breakdown.
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Nov 21 2008, 01:25 PM
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QUOTE(SKY 1809 @ Nov 20 2008, 09:53 PM) Sifu, No, Dow jones must complete the down wave count. But it won't just go straight down. Since the downwave is almost completed, volatility is at the max, one must buy on dips and sell on rallies. I thought Fed would cut rate to 0.5% to keep it up above 8000++. Correct me if I am wrong. Dow will hit 6000+ in matter of weeks, even if the Fed cuts interest rate. |
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Nov 21 2008, 01:34 PM
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QUOTE(sueway @ Nov 20 2008, 10:29 PM) do you think KLCI will follow the trend? 600+ CI will be pressured; initially i predicted 700-800 for November, i don't think we are going to see the magic number of 800 this month. In December, window dressing might come to play. If we do a percentage loss count, from 1500 (peak) to 850 is just 40% loss, so we still might have another 10% to go. QUOTE(sampoo @ Nov 20 2008, 10:30 PM) Yahoo!!!! free fall to 6000. i ll prepare 100k bullet for the tsunami. I''ve been accumulating.   this is my rescue plan to help the country to rebuild the financial system.  |
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Nov 21 2008, 01:38 PM
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Tonight prepare for another session of volatility; options expiry.
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Nov 21 2008, 01:47 PM
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I will be arriving on KL Nov 26. Those who want to observe my US trades or FX market can give me a call.
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Nov 21 2008, 03:04 PM
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DJIA Futures green; woohoo time to offload my shares.
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Nov 21 2008, 03:10 PM
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QUOTE(SKY 1809 @ Nov 21 2008, 12:09 AM) Which stocks are you selling ? My CHS... hopefully can hit 3 bucks...haha wishful thinking |
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Nov 21 2008, 04:36 PM
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www.cnbc.com; or you can add me on msn. I will give you two futures reading, mini and big dow.
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Nov 21 2008, 05:56 PM
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Ringgit become toilet paper....
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Nov 21 2008, 11:39 PM
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Patience.
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Nov 22 2008, 05:02 AM
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Thank you Mr Obama for a wonderful week. Special thanks goes to Paulson, Kashkari, Pandit.....you guys the best!!
Rally to 8000? Yup, i called it. |
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Nov 22 2008, 05:17 AM
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QUOTE(bryanyeo87 @ Nov 21 2008, 02:14 PM) credit to AdamG1981 for the earlier of today trades on AUD/JPY @ 59.20 OT:you made me happier with 70 pips x 25 mini lots ps. i added another 15 lots total at the bottom of AUD/JPY @ about 3.30am our time  let me know when u come down to KL, have to treat you big time  No problem, TGIF @ Curve or Chillies @ One U? Do you mind if i bring couple of hotties? LOL |
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Nov 22 2008, 05:23 AM
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QUOTE(bryanyeo87 @ Nov 21 2008, 02:20 PM) lets go man, presidante magaritta on me OT:ps. i might go crazy and shotgun trade with too many drinks like today Next week sure have to celebrate. I'll be down on Nov 26th; and will go out on the weekend. Club Quattro or MOS? haha, my stock is rallying...funny... Cheers man, have a good night. |
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Nov 22 2008, 03:04 PM
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QUOTE(danmooncake @ Nov 21 2008, 03:54 PM) Goodness.. celebrating already?  Yeah.. Obama chosen new Treasury guy.. good news on that part. But.. watch out next week. fundalmentals and confidence are still weak. Could be going for another dip.. this time.. maybe reaching below 7000. Dow is bipolar, one day he is sad, one day he is happy.. Celebratation is a must, a job well done after a long week.  Added on November 22, 2008, 3:05 pm QUOTE(SKY 1809 @ Nov 21 2008, 07:17 PM) Selling Kinsteel bought at 40sen 100 lots, hold if it falls. Woohoo, make sure you make a lot of money on Monday. Huaan, need to release some from stockpile, 800 lots. This post has been edited by AdamG1981: Nov 22 2008, 03:05 PM |
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Nov 22 2008, 03:14 PM
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QUOTE(SKY 1809 @ Nov 22 2008, 12:11 AM) Thank you, Sifu. The volatility and fX movements are showing signs of bottoming for Dow, but Dow has more room to drop before reaches "fair value". I think we are close. Now its better to be on the long side rather than the short side.Certainly have to offload some on Monday. Dow is the "mood" of catching short sellers at the bottom, am I right ? There seems to be a link in Asia for that purpose. |
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Nov 22 2008, 03:23 PM
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QUOTE(SKY 1809 @ Nov 22 2008, 12:17 AM) Ok noted. I am waiting for Citigroup to hit below 1, and then i will buy shares. Another wachovia in the making...  1000 shares for less than 1000 usd, if Citi bks, i lose 1000, but if Citi does it indeed got sold off, 5-6 usd per share...lol.... |
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Nov 22 2008, 07:05 PM
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Daily chart for Australia Dollar.
Pending collapse of Aussie Dollar. 60 cents is temporary support since the RBA has done openly money market operations (buying back aud)  As you can see, lower high, lower low. The temporary support of 60 cents to a dollar will be tested after the OPEC meeting. Next support will be 55 cents. Added on November 22, 2008, 7:08 pmFor all commodities stocks contra players, you have to exit prior OPEC meeting. There will be a mildy strong rebound on the anticipation of a bigger cut from OPEC. However, sell before OPECs announcement is made when they meet at Geneva. This post has been edited by AdamG1981: Nov 22 2008, 07:09 PM |
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