Guest views are now limited to 12 pages. If you get an "Error" message, just sign in! If you need to create an account, click here.

Jump to content
Sign in to follow this  
bostonangler

Worst December since 1933

Recommended Posts

I might add, I have always believed that the excesses of the QE program needed to be burned off and get a pretty good correction before the Dinar is RV’ed or before the world currency reset. Today we are in the process of breaking a key technical support line at that Feb low.  

 

Stay tuned, things are getting exciting. 

  • Thanks 1

Share this post


Link to post
Share on other sites
18 minutes ago, Pitcher said:

Stay tuned, things are getting exciting

 

Thanks Pitcher... I wish I had the kahunas to short... LOL

Good job making money these days... I agree we are in correction and things are going to get very interesting...

 

B/A

Share this post


Link to post
Share on other sites

Shorting is no big thing, especially the way I do it. I think it’s easier than playing long. I don’t hang around too long and never overnight unless I have a good stop in place. 

  • Thanks 1

Share this post


Link to post
Share on other sites

We have broken support of the Feb low.  It's down from here BA.  I've had one of the best weeks this year over this sell off.   I'm no genius but I do watch the markets and read the current events.  Since last Feb when the market first sold off I warned this board of a possible sell off.  I told you to watch for the S&P 50 moving average crossing over the 200 moving average DOWN as a major signal.  It was a warning but the market did rebounded and all the insanity continued.   I started going to cash shortly after that sell off.  Look at the news, Feds are tightening, Trump and his trade wars, Trump Investigations, an election and markets at all time highs.  It was a no brainer we were going down.  It was just a matter of when not if.  

I decided to swing and Day Trade to earn any money I may have lost from dividends.   I took the time to learn and develop a strategy for times like this.  Just going to cash wasn't my style.  

 

The actual cross (death Cross) just happened a few weeks ago but you could see it coming by early Nov.  Now we have to see where the bottom is but I'm hoping they kill this 10 year Bull Market and drop this pig 30-50% so we can regroup and start the process all over again.  When that happens look for the leaders in their sectors and buy some for a long term play.  Don't go all in just incase they need to retest a low.  Filter in and hopefully we get another good Bull Run.  If you haven't taken some off the books by now you should fire your financial guy and find one that will take real care of your money.  These big sell offs can crush your portfolio as far as time goes.  I don't have time on my side so I'm long gone and trading what I see.  

Share this post


Link to post
Share on other sites
2 hours ago, Pitcher said:

We have broken support system" rel="">support of the Feb low.  It's down from here BA.  I've had one of the best weeks this year over this sell off.   I'm no genius but I do watch the markets and read the current events.  Since last Feb when the market first sold off I warned this board of a possible sell off.  I told you to watch for the S&P 50 moving average crossing over the 200 moving average DOWN as a major signal.  It was a warning but the market did rebounded and all the insanity continued.   I started going to cash shortly after that sell off.  Look at the news, Feds are tightening, Trump and his trade wars, Trump Investigations, an election and markets at all time highs.  It was a no brainer we were going down.  It was just a matter of when not if.  

I decided to swing and Day Trade to earn any money I may have lost from dividends.   I took the time to learn and develop a strategy for times like this.  Just going to cash wasn't my style.  

 

The actual cross (death Cross) just happened a few weeks ago but you could see it coming by early Nov.  Now we have to see where the bottom is but I'm hoping they kill this 10 year Bull Market and drop this pig 30-50% so we can regroup and start the process all over again.  When that happens look for the leaders in their sectors and buy some for a long term play.  Don't go all in just incase they need to retest a low.  Filter in and hopefully we get another good Bull Run.  If you haven't taken some off the books by now you should fire your financial guy and find one that will take real care of your money.  These big sell offs can crush your portfolio as far as time goes.  I don't have time on my side so I'm long gone and trading what I see.  

 

Hey what's another percent or two if you're going for the worst December since the depression? Months ago I told DVers I hoped they would book their profits from a 9 year bull run... Sadly most folks believed the bull market would last forever based on the BS they were being told by the rich guys in D.C. who really only take care of themselves. Guess who will be buying up all these cheap shares after mom and pop freaks out and sell for a loss?

I hope some moved profits into something safer... Most people only think about their 401Ks when they get a statement in the mail... The next one they get could be a shocker, which will only make things worse as they start to bail on the downside...

 

I'm always happy to hear you are making good moves...

 

B/A

Share this post


Link to post
Share on other sites

Thanks BA, a lot of years of study and playing. I like it so it was never a chore. Glad you took profits and you are rightget your shopping list ready. Some great stocks are going to be available at a good price compared to a year ago. 

  • Upvote 1

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.



×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.