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Anyone here follow the stock market?

I'm looking at the NASDAQ and I am waiting for it to tank, but it just doesn't seem to be happening.
Stochastic is above 80% and Bollinger Band is tightening, and the trend should be turning any day now. The DOW is right in line for a turn also.

Am I so far off base here?

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Originally posted by mlprior
Anyone here follow the stock market?

I'm looking at the NASDAQ and I am waiting for it to tank, but it just doesn't seem to be happening.
Stochastic is above 80% and Bollinger Band is tightening, and the trend should be turning any day now. The DOW is right in line for a turn also.

Am I so far off base here?
Why do you say that?

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Originally posted by kirksey957
Why do you say that?
What part are you asking about Kirksey?

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Originally posted by mlprior
What part are you asking about Kirksey?
About it tanking. I hear about a recession next year, but inflation is under control with fuel prices dropping. I also hear that the Fed may relax interest rates and that usually is a sign of the market going up.

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I'm not worried in the least. Unless you're an active trader, you should just keep buying and holding.

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Originally posted by rbmorris
I'm not worried in the least. Unless you're an active trader, you should just keep buying and holding.
I am a semi active trader, so I am worried.
Particularly when what I think is going to happen, doesn't happen.

The buy and hold practice can work, if the economy is stable, although it didn't work so well in 2000 thru 2003.

Thanks for the PM info Kirksey! Checking it out.

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My broker is E.F.Hutton, and E.F.Hutton says........

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Originally posted by mlprior
I am a semi active trader, so I am worried.
Particularly when what I think is going to happen, doesn't happen.

The buy and hold practice can work, if the economy is stable, although it didn't work so well in 2000 thru 2003.

Thanks for the PM info Kirksey! Checking it out.
I used to be a financial advisor. One thing I learned is that it's nearly impossible to time the overall market. When people start to get squeamish and pull out, they've ended up missing some of history's best opportunities. Then again, I'm not an active trader either. In your case, it's slightly different.

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Originally posted by rbmorris
I'm not worried in the least. Unless you're an active trader, you should just keep buying and holding.
This is the soundest advice for all bar a full blown recession; even then things will improve again, so you may lose short term but invariably you will win long term.

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Originally posted by rbmorris
I used to be a financial advisor. One thing I learned is that it's nearly impossible to time the overall market. When people start to get squeamish and pull out, they've ended up missing some of history's best opportunities. Then again, I'm not an active trader either. In your case, it's slightly different.
Impossibility is no defense .......






to a strict liability crime.

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Originally posted by nook7
This is the soundest advice for all bar a full blown recession; even then things will improve again, so you may lose short term but invariably you will win long term.
Surely depending on what you invest in??

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Originally posted by rmacken
Surely depending on what you invest in??
SPY, QQQ, EFA...buy and hold for 10 years. You'll beat 85% of all fund managers and active traders.

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Mechanical Investing.

The best way.

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Originally posted by rmacken
Surely depending on what you invest in??
Very true, sorry l was referring only to "safe" 'blue chip' investments

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I've been following the biotech market at wallstreetpros.com. It seems pretty stable.