Originally posted by mlpriortechnical analysis is horse hockey.
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?
Originally posted by rbmorrisIf I were guessing, I would guess that that market would hold steady until, elections are done in the US. And after that, I would be more concerned. Election years seem to artificially turn positive. (Depending upon the political party holding power) With a reverse trend shortly after. History has proven that elections effect the market. The market also tends to manipulates the elections. Gas prices good no problem. Gas prices bad after elections...problem. The wizard's behind the curtain pulling the levers to control the short term memories of the mass. If you want to see into the future study the past.
You obviously have no clue what you're talking about. Then again, that never stopped you in the past. There's certainly a great deal of validity to technical analysis. It's not for me, but I certainly wouldn't dismiss it entirely.
Originally posted by mlpriorThere are two kinds of investor, those who don't know what's happening, and those who don't know they don't know what's happening😀
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.
Originally posted by mlpriorIf you're at all skittish about the market and the future, perhaps shifting a small portion of your portfolio to gold is not a bad idea.
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.
Gold is poised to make huge gains and those gains will only get better if the market does tank.
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Just a couple of points.
The dow has been treading water for over 6 years. It is due a surge even if short lived.
Stock markets around the world almost never go down in the 4th quarter. The dealers get paid on the year end results. (now watch it happen).
Most stock markets loose ground or are flat in the first quarter.
If you are in short term sell just before xmas. Buy again in march.
If you are in long term next xmas the dow could be even higher than it will be this xmas.
13,500 this year
15,000 next.
There will then be a correction followed by another increase.
I'm in the FTSE long term and am looking at a strong increase over the next 10 years.
