DJIA up sharply, anticipating Obama victory

DaveS wrote:


Yep.I know very smart people who thought they were day traders and
felt real cleaver until the day they lost their shirt. I was so dumb
that I had to use all of the 5-6 investments that are much better than
the crap game called the stock market so I could retire at 57.

Dave


Congrats at the early retirement.

Yeah, there are a lot of people trying to make a buck or two in the
market. I retired at 57 a year ago and started trading in that market.
I don't think I'm all that clever in the market, but playing the ultra
shorts since since the end of September has worked out.

Peaceful Bill wrote:

I don't think I'm all that clever in the market, but playing the ultra
shorts since since the end of September has worked out.

Why do you hate America?

--
Cut "to the chase" for my email address.

rw wrote:
Peaceful Bill wrote:

I don't think I'm all that clever in the market, but playing the
ultra shorts since since the end of September has worked out.

Why do you hate America?


Hate America? Not at all.

Why do you put words in people's mouth?

On Nov 15, 5:04*pm, Peaceful Bill
wrote:
Yeah, there are a lot of people trying to make a buck or two in the
market. *I retired at 57 a year ago and started trading in that market.
* I don't think I'm all that clever in the market, but playing the ultra
shorts since since the end of September has worked out.

Well be careful. I hope you are not depending on the stock market for
your retirement income. I would also hope you are putting your money
on the USA and not betting on her demise. And I would make sure I was
not putting my money into hollowed-out companies that are just US
marketing and distribution arms of Red Chinese companies controlled by
the Communist Party.

Dave

wrote:
On Nov 15, 5:04 pm, Peaceful Bill
wrote:
Yeah, there are a lot of people trying to make a buck or two in the
market. I retired at 57 a year ago and started trading in that market.
I don't think I'm all that clever in the market, but playing the ultra
shorts since since the end of September has worked out.

Well be careful. I hope you are not depending on the stock market for
your retirement income. I would also hope you are putting your money
on the USA and not betting on her demise. And I would make sure I was
not putting my money into hollowed-out companies that are just US
marketing and distribution arms of Red Chinese companies controlled by
the Communist Party.

Dave



Nope. My retirement is set. I just do the market with mad money. I
just came out of a global (not international) company. I was ther eand
saw it first hand. I'm playing it pretty conservatively.

(Still sippin' that exceedingly nice zin.)

wrote:
On Nov 15, 5:04 pm, Peaceful Bill
wrote:
Yeah, there are a lot of people trying to make a buck or two in the
market. I retired at 57 a year ago and started trading in that market.
I don't think I'm all that clever in the market, but playing the ultra
shorts since since the end of September has worked out.

Well be careful. I hope you are not depending on the stock market for
your retirement income. I would also hope you are putting your money
on the USA and not betting on her demise. And I would make sure I was
not putting my money into hollowed-out companies that are just US
marketing and distribution arms of Red Chinese companies controlled by
the Communist Party.

Dave


I agree that there are too many of those companies popping up. A friend
of mine got screwed by one of them trying to set up distribution
channels for automatic teller machines.

wrote:
On Nov 15, 5:04 pm, Peaceful Bill
wrote:
Yeah, there are a lot of people trying to make a buck or two in the
market. I retired at 57 a year ago and started trading in that market.
I don't think I'm all that clever in the market, but playing the ultra
shorts since since the end of September has worked out.

Well be careful. I hope you are not depending on the stock market for
your retirement income. I would also hope you are putting your money
on the USA and not betting on her demise. And I would make sure I was
not putting my money into hollowed-out companies that are just US
marketing and distribution arms of Red Chinese companies controlled by
the Communist Party.

Dave


From a technical trading perspective, if the current wedge pattern from
today holds, the DJIA is moving toward 5500, S&P500 is heading down to
500. The market is pricing in a depression.

There doesn't seem to be confidence in either the current or incoming
administration to turn around this economy.

That spells money market or cash equivalents.