What's going on with the US stock market lately?
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For anyone who believes in technical analysis , we have formed a rising wedge pattern since the drop on monday more then 3 weeks ago , with the topline of the wedge around 1988 , it shouldnt rise much further , and a wedge formed like this is a bearish wedge , well see tomorrow.
I added on my short position
I added on my short position
Well, the market has gone up and down quite a bit since my last re-entry in it (post #188), but currently I am enjoying that I have actually made nice gains thus far, despite all the wild ups and downs. All predictions wouldn't have worked out anyway in this time period -- certainly another drop to 1875 or below hasn't happened yet. I wouldn't hold my breath that the markets go down if the Fed raises rates tomorrow. Yet they might go up further if the Fed doesn't raise rates (the markets appear to anticipate the rates staying the same, given the good gains today and yesterday). I'll stay put. If I exit now I might potentially miss good additional gains tomorrow and perhaps Friday, if I stay I'll have to ride it out if it goes bad tomorrow, which I'll do. Either way, come year's end I should be fine with my gains. I am still way ahead of the market this year.
In the backwards philosophy of recent trading, good financial news could make the market go down, and bad financial news could make it go up.
Raising rates means the economy is strong, but it is a loss of easy money (well, not for a 1/4 point move really) = so this could raise the market.
Not raising rates is a vote for a slower economy than expected = sp this could make the market go down.
But ... it could be totally opposite in reality. Who knows. The smart money is waiting on the sidelines I think.
Raising rates means the economy is strong, but it is a loss of easy money (well, not for a 1/4 point move really) = so this could raise the market.
Not raising rates is a vote for a slower economy than expected = sp this could make the market go down.
But ... it could be totally opposite in reality. Who knows. The smart money is waiting on the sidelines I think.
The smart money has a big short position ( i like to think 
)
The big banks know everything the fed will decide , the fed is not a government institution , its privately owned by banks .
How easy will it be then to make money , if you know what will happen , bye bye free capitalism.
First 6 years of 0 interest rates , money is free , and after rates start to rise , short the market big time
)The big banks know everything the fed will decide , the fed is not a government institution , its privately owned by banks .
How easy will it be then to make money , if you know what will happen , bye bye free capitalism.
First 6 years of 0 interest rates , money is free , and after rates start to rise , short the market big time
+- 2000 it might be
Now was there a bounce at around 1875 or what , i should start a hedge fund
I closed half of the position at 1900 a little to late , didnt play calls unfortunately
401 aex it was , funny thing about the markets is is that its turns around numbers, resistance or support
Fed decision / pressconference http://blogs.marketwatch.com/capito...decision-and-janet-yellen-press-conference-2/
LIVE
Fed leaves rates at 0 % , hey thats great if you re a bank ,they just keep gambling and blow a bigger bubble
LIVE
Fed leaves rates at 0 % , hey thats great if you re a bank ,they just keep gambling and blow a bigger bubble
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supply the rich , screw the poor .
Anyway the market seems to be dropping anyway
127 aex points more to drop before oct 16 to close my position
Anyway the market seems to be dropping anyway
127 aex points more to drop before oct 16 to close my position
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and speculating some more :
If we get a 30-40 % correction in the stockmarket , i assume they will introduce QE 4 later in 2015 (stocks will rally ), this might in the end weaken the $ and make them force raising interest rates
https://www.youtube.com/watch?v=-eFtTheT9qY
Disclamer i dont like buying gold or silver , i just find the discussion interesting
If we get a 30-40 % correction in the stockmarket , i assume they will introduce QE 4 later in 2015 (stocks will rally ), this might in the end weaken the $ and make them force raising interest rates
https://www.youtube.com/watch?v=-eFtTheT9qY
Disclamer i dont like buying gold or silver , i just find the discussion interesting
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And regarding the EU , Dr paul craig roberts puts the finger on the spot imo
https://www.youtube.com/watch?v=F5LHcALLK7E
https://www.youtube.com/watch?v=F5LHcALLK7E
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If i am wrong this could be a nasty leg up , it looksmore like it so maybe +- 1875 bottom for this year but i still do think we ve set the top at 2130 SPX
it looksmore like it so maybe +- 1875 bottom for this year but i still do think we ve set the top at 2130 SPX
If i am wrong this could be a nasty leg up ,
All I can say is, I hope you are not hurting right now. I am getting the heck out again as soon as I can...
I screwed up already , over and over again , i dont take profit but " wait" for the crash , i didnt lose much after all but could have had a 2000 % profit on aex 402 in august , i didnt close because sept /okt are THE Crash months , ah well i had 3 months of adrenaline rush , if it would have touched 300( which it would if the market corrected 30 % ) , it would have been 1,1 mil
I agree the market will make a lower top probably , if it touches 2130 i ll short again , i was hoping the fed would raise interest rates , but they didnt and i doubt they ll ever will voluntarily , because the world is far to much in debt to survive higher rates
I agree the market will make a lower top probably , if it touches 2130 i ll short again , i was hoping the fed would raise interest rates , but they didnt and i doubt they ll ever will voluntarily , because the world is far to much in debt to survive higher rates
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