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Thread: Stock Market News!

  1. #41
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    Re: Stock Market News!

    Quote Originally Posted by Craig234 View Post
    So, the market has hit a temporary bottom and won't go down unless things get worse, but traders will be sellers tomorrow?
    There is something called "trading the range" which is what traders do. The buy at the bottom of the trading range and sell at the top. 70% (or higher) of the trading on any one day is done by people that will buy or sell and then be out by the end of the day or end of 1-3 days.

    In the DOW, that trading range is likely to be 19,000 to 22,000. That is a 3,000 point trading range. The DOW is due to open today about 400 points lower but it did get up as high as 22,000 and closed at the end of the day at 21,200. The low seen on Monday was 18,193. As such, it can "trade" within as much as a 3,800 points up or down without meaning further upside or further downside will be seen.

    Traders will make money selling one day and buying the next without considering what the index will be doing next week or next month.
    My guiding principles in life are to be honest, genuine, thoughtful and caring. Money is important but secondary.

  2. #42
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    Re: Stock Market News!

    Quote Originally Posted by CaughtInThe View Post
    i didn't say to make up a company, go look at their stock chart and then come back here with the brave prediction of what to do.


    the point, for those who haven't gotten it yet, is none of you know what the chart that i posted does in the following days/months. that is where the emotion creeps in as you're potentially up $3,000 or down $3,000.

    and i noticed only one person even gave effort to try to give an answer without knowing the future.
    To some extent, yes.

    But that FEELING...comes from empirical data.

    My next confident choice...Raytheon.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

  3. #43
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    Re: Stock Market News!

    Quote Originally Posted by KevinKohler View Post
    To some extent, yes.

    But that FEELING...comes from empirical data.

    My next confident choice...Raytheon.
    and that data can lead you to a $120,000 loss.

    i never got what emotions had to do with trading until i actual started trading. and, sure, we're all are gonna claim that emotions have nothing to do with it and that's a lie of course. you just have to try to suppress being a human as much as possible.

    think about all the emotional people who dumped 401k's recently for God's Sake. you know, LONG TERM vehicles.

  4. #44
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    Re: Stock Market News!

    Quote Originally Posted by CaughtInThe View Post
    and that data can lead you to a $120,000 loss.

    i never got what emotions had to do with trading until i actual started trading. and, sure, we're all are gonna claim that emotions have nothing to do with it and that's a lie of course. you just have to try to suppress being a human as much as possible.

    think about all the emotional people who dumped 401k's recently for God's Sake. you know, LONG TERM vehicles.
    I'm doubling down on mine, as well as increasing my company stock buy in.
    Quote Originally Posted by calamity View Post
    Reports indicate that everyone knew he was hauling a bunch of guns up there. But, since you brought it up, there's something which should be illegal: guns that breakdown.

  5. #45
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    Re: Stock Market News!

    Quote Originally Posted by KevinKohler View Post
    I'm doubling down on mine, as well as increasing my company stock buy in.
    I would not do that if I was you.

    We are "officially" in a downtrend with the only question being "how long will it last". A downtrend is the opposite of an uptrend where dips are bought and a few weeks or months later the market is higher. A downtrend, rallies will be sold and a few weeks or months later the market is lower.

    For "at least" the next year, the downtrend will continue and that means that anything you buy now will be able to be bought at a lower prices in a few weeks. An intelligent approach to a downtrend is to wait until a bottom is found. How do you know that a bottom is found? You wait for a bounce from a low to be made and wait for the retest of that low to occur and if no new lows are made on that retest, you start buying.

    Buying because it looks cheap to you is always a fallacy. The stock market had no fundamental reason to have gone so far up. The DOW, for example, made a high at the beginning of last year around the 27,000 level but then continued higher to near 30,000 with the fundamentals being lower than when it was at 27,000.

    The fundamentals right now are bad and "expected" to get worse. For example, the weekly unemployment report for the past few years has been around 250k and today it came out at 3.2 million and higher numbers are expected for next month and the month thereafter and so forth and so on.

    As such, in a downtrend you don't buy until the fundamentals actually change and even then, the markets have a habit of going farther up (or farther below) than the fundamenals call for when in a trend and right now the downtrend is official and "just starting".

    This is not a time to buy and hold because you are not using common sense and proven investment guidelines.
    My guiding principles in life are to be honest, genuine, thoughtful and caring. Money is important but secondary.

  6. #46
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    Re: Stock Market News!

    Quote Originally Posted by KevinKohler View Post
    I'm doubling down on mine, as well as increasing my company stock buy in.
    not a bad strategy.

    well, unless we sink into an actual depression that lasts a long time.

  7. #47
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    Re: Stock Market News!

    Quote Originally Posted by Luckyone View Post
    I would not do that if I was you.

    We are "officially" in a downtrend with the only question being "how long will it last". A downtrend is the opposite of an uptrend where dips are bought and a few weeks or months later the market is higher. A downtrend, rallies will be sold and a few weeks or months later the market is lower.

    For "at least" the next year, the downtrend will continue and that means that anything you buy now will be able to be bought at a lower prices in a few weeks. An intelligent approach to a downtrend is to wait until a bottom is found. How do you know that a bottom is found? You wait for a bounce from a low to be made and wait for the retest of that low to occur and if no new lows are made on that retest, you start buying.

    Buying because it looks cheap to you is always a fallacy. The stock market had no fundamental reason to have gone so far up. The DOW, for example, made a high at the beginning of last year around the 27,000 level but then continued higher to near 30,000 with the fundamentals being lower than when it was at 27,000.

    The fundamentals right now are bad and "expected" to get worse. For example, the weekly unemployment report for the past few years has been around 250k and today it came out at 3.2 million and higher numbers are expected for next month and the month thereafter and so forth and so on.

    As such, in a downtrend you don't buy until the fundamentals actually change and even then, the markets have a habit of going farther up (or farther below) than the fundamenals call for when in a trend and right now the downtrend is official and "just starting".

    This is not a time to buy and hold because you are not using common sense and proven investment guidelines.
    I agree. Anyone buying now for the one year plus long term will be left holding the bag for a decade at least.

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