favshare Posted July 31, 2007 Share Posted July 31, 2007 MARKET DATA - 14:31 UK FTSE 100 6326.0 119.90 Dax 7572.1 115.79 Cac 40 5716.9 70.54 Dow Jones 13358.3 92.84 Nasdaq 2583.3 21.04 S&P 500 1473.9 14.96 BBC Global 30 5765.8 10.39 Looks like tomorrow could be good. http://www.sharescene.com/html/emoticons/biggrin.gif Link to comment Share on other sites More sharing options...
sugarman Posted July 31, 2007 Share Posted July 31, 2007 In reply to: early birds on Wednesday 01/08/07 12:23am I've made my trade on my favourite indice FTSE ,Blind freddy would'nt of had a problem nailing that long, Time for me to go to bed as cinderella time is near! I wish I knew where the market was going, nobody really knows for sure. However one piece of advice I can give, that is take one day at a time! I worked out how to give you 1pt ,you deserve it. G'night everyone Link to comment Share on other sites More sharing options...
early birds Posted July 31, 2007 Share Posted July 31, 2007 In reply to: crowman28 on Tuesday 31/07/07 11:19pm tent agree with you Crow, but that Abby J C, really had me think twice of my trading plan. i will give a go at 13500 with little one to see how it's gonna paints out. the reason i'm worried about, is the PPT is at full swing. i don't think that Abby come out talk at CNBC tonight is a coinsidence. in case someone don't know- Hanry Paulson is formal head of Goodman Sachs. Abby J C, is GS's chieve technical analysit. she has the power to swing the market. they are famalies. so just take bit extra caution tonight. Link to comment Share on other sites More sharing options...
crowman28 Posted July 31, 2007 Share Posted July 31, 2007 EB, you are right, the bulls are running wild, I'll hold off for the night, and see how it closes. Thanks for letting us know that US analyst. She drives the market no doubt. It may even go as far as 13550 later this week. Link to comment Share on other sites More sharing options...
Jimmy123 Posted July 31, 2007 Share Posted July 31, 2007 DOW Down 100 points in a bit over 40 minutes- Fair indication that Dow is not ready to go above 13 500 Link to comment Share on other sites More sharing options...
sikeveo Posted July 31, 2007 Share Posted July 31, 2007 In reply to: Jimmy123 on Wednesday 01/08/07 12:42am hopefully finding resistance at around 13385. Will be interesting to see what it ends up in the morning. Shame I missed the huge dax/ftse http://www.sharescene.com/html/emoticons/sad.gif Damn uni. Night all! Link to comment Share on other sites More sharing options...
Danville Posted July 31, 2007 Author Share Posted July 31, 2007 Hi guys Looks like you all are doing a great job of holding down the fort. Hope you're making a bundle. I thought I might try a trade or two now that I'm at my Mom's house in Nevada with a computer. I can't seem to sort out how to log into cmc from here. When i pull up cmcmarkets.com.au i just get a site for nonmembers. If anyone knows how to pull up the members area so I can log in from here I would very much appreciate it. There's a good lesson for me in the market movements of late. I went in big time short (for me - still a small player compared to most) about 2 days before the market turned. I got killed as the market moved a bit higher and I began to doubt myself, my trades, and even my choice of profession. Decided to take the hit and reevaluate after my holiday. If I had had the courage to stick to my original trades (Short RIO, BHP, FMG, XFJ, XMJ, CBA. XJO. PDN, Dow) I would be one happy camper indeed. When do we ride out a drawdown in capital, and when do we cut and run. Gosh, there's a Kenny Rodgers song in there somewhere. LOL I guess the longs are asking themselves the same question this morning. I usually cut and run very quickly, but I am reevaluating how well that is working for me. It seems that Crow and EB give trades a much longer leash than I do. As we sit at this critical time where longs patience is surely stretched, and shorts wonder if they should lock in profits, maybe we could leam a bit from each other in this area. Here's that song again: You've got to know when to hold 'em Know when to fold 'em Know when to walk away And know when to run LUV IT!! Link to comment Share on other sites More sharing options...
crowman28 Posted July 31, 2007 Share Posted July 31, 2007 In reply to: Jimmy123 on Wednesday 01/08/07 12:42am That is totally unexpected!! Didn't even give us bears a chance to have a sniff! http://www.sharescene.com/html/emoticons/grrr.gif Link to comment Share on other sites More sharing options...
favshare Posted July 31, 2007 Share Posted July 31, 2007 Hi guys, Stupid DOW, so will we see a sea of red again today. http://www.sharescene.com/html/emoticons/weirdsmiley.gif Link to comment Share on other sites More sharing options...
crowman28 Posted July 31, 2007 Share Posted July 31, 2007 In reply to: Danville on Wednesday 01/08/07 03:58am Dan, great to see you back again! I agree with you, sometimes entering a trade at the wrong time can cloud our judgement, even if the trade eventually goes back your way. It is a very difficult business getting the timing completely right. Last night, it was only 10 points or so away from my possible DOW entry, and it just got away from it. I guess it felt as bad as a capital drawdown in my account. Hope you have a great time there! Link to comment Share on other sites More sharing options...
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