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- drewg replied Dec 16, 2008
Yes, it will go up or down if there is a cut. That's the best I can do but I am 100% certain my statment is accurate.
- drewg replied Dec 8, 2008
Incorrect. Once you think you "know" everything as a trader and don't ask or read others analysis, you are headed for trouble. IMHO. I just saw your edit. We are ont he same page as far as trading goes.
- drewg replied Dec 8, 2008
Thanks, I missed that as I was caught up in some stuff at my office. This to me looks like another bounce simply to add some more longer terms puts.
- drewg replied Dec 8, 2008
LOL. I have been trading the DJIA for 25 plus years. This current market (the past 6 months) is very heavily news/fundamental driven. I would love to hear the "technical" reasons for the wild 400-500 plus point daily swings that have been occurring. ...
- drewg replied Dec 8, 2008
What is driving it up? 3M lowered outlook and is cutting 1,800 jobs Dow Chem closing plants and cutting 5,000 jobs The only good news I see is McDonalds posted healthy Nov sales increase. Are people really just buying on hopes of the big 3 bailout?
- drewg replied May 21, 2008
I added more shorts right after inflation warning of FOMC and DJIA started to tank.
- drewg replied May 21, 2008
Weird day. DJIA drops 45 after FMOC minutes - Geppy hardly budges.
- drewg replied May 21, 2008
Not only keeping, added some more after oil inventory.
- drewg replied May 21, 2008
Two things will determine the day. Oil inventories and the FOMC minutes. If crude inv comes in lower than expected we should see a little sell off in the morning. After that I think things will be in a tight range until the minutes are released. ...
- drewg replied May 20, 2008
I don't know. My broker showing a low of 202.94 then bang, 30 pip bounce up to 203.22. (Duh, did not see the joke until I replied.)
- drewg replied May 20, 2008
DJIA may have formed a double top yesterday. If so, we could see 12,500 in the near future. Looks similar to the two Feb highs. image
- drewg replied May 20, 2008
I could care less what he says. I mostly trade the stock market and I am just learning how to apply that to the GBP/JPY since they frequently move the same way.
- drewg replied May 20, 2008
DJIA futures off about 70. Looks like we are headed to 100+ down day.
- drewg replied May 19, 2008
I have been using a 70% successful managed DJIA service for a couple years and they just switched my account from Long to Short today right before the close. These are shorter term signals that last anywhere from 3-4 days to 10-12 days. This plus a ...
- drewg replied May 16, 2008
I still have a small long going from 203.40 that's why it has not dropped yet. I will let let you know when I close that Seriously, based on the DJIA, I think we will have a pretty flat day with a slight bias up. The only thing I see ...
- drewg replied May 15, 2008
You also have DJIA at highs for the day. I don't think GJ is ready to drop yet.
- drewg replied May 1, 2008
I could see us settling at 12,900 today. I get the feeling many will want to take some profits off the board knowing the havoc tomorrow's job report could lead to. Of course I am also very surprised at today's run-up after the Home Depot report so I ...
- drewg replied May 1, 2008
I don't so. If it does it will be short lived unless there is a big jobs surprise tomorrow.
- drewg replied May 1, 2008
I personally do not see a huge move either way until US Non Farm Payroll report tomorrow.
- drewg replied Apr 30, 2008
Anyone else think the DJIA could shed another 100 in the 45 mins? I reloaded on some shorts when it got up near 13,000.