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  1. #1

    Default New Born Baby called this bear market

    NBB is a genius....ok, now how do we get out of this MESS?
    =============================

    I am HUGE! Bring me your finest meats and cheeses.

    - $$$MR. MARKET$$$

  2. #2
    Join Date
    Feb 2006
    Location
    Pittsburgh, PA
    Posts
    3,357

    Default

    The story of the phoenix rising from its ashes was always one of my favorite tales.
    Hide not your talents.
    They for use were made.
    What's a sundial in the shade?

    - Benjamin Franklin

  3. #3
    Join Date
    Jan 2008
    Posts
    206

    Default

    Quote Originally Posted by mrmarket View Post
    NBB is a genius....ok, now how do we get out of this MESS?
    Bring our kids home and tell Iraq they're on their own...

    stop pissin' our money away on....... what are we doing in Iraq again...??? oh yeah....diggin' for weapons of mass destruction.....or was that last year's cause...???

    Nothing better for an economy then pictures of service men and women trudging home after war to their love ones....good old American Pie right there....

    hags

  4. #4

    Default

    Quote Originally Posted by hags View Post
    Bring our kids home and tell Iraq they're on their own...

    stop pissin' our money away on....... what are we doing in Iraq again...??? oh yeah....diggin' for weapons of mass destruction.....or was that last year's cause...???

    Nothing better for an economy then pictures of service men and women trudging home after war to their love ones....good old American Pie right there....

    hags
    Good point..the feds are talking about a 5 billion dollar credit line for Fannie Mae and Freddie Mac...everyone moans about the taxpayer burden.

    Last time I checked, the Iraq dinner check was $800 billion dollars...still no Osama...still no end in sight.
    =============================

    I am HUGE! Bring me your finest meats and cheeses.

    - $$$MR. MARKET$$$

  5. #5
    Join Date
    Apr 2004
    Location
    Monroe, WI
    Posts
    6,091

    Default

    Quote Originally Posted by mrmarket View Post
    NBB is a genius....ok, now how do we get out of this MESS?
    I am no genius. The chart called it back in January. If you are interested, the chart suggests that the bottom won't be put in for another THREE YEARS. Read 'n heed, men. That's just the BOTTOM. It may take another 11 years or more to reach the levels we reached this last time (14,000 DOW).

    How to trade in this brutal market, you ask? I would suggest that (1) you don't have to be in the market all the time, ie, it would be prudent to stand back out of the way on occasion; (2) since the trend is South, be looking to trade South. By all means, focus on the shorts; (3) I personally believe that EVERYTHING is going South--even oil stocks, with the single exception of gold. Gold looks to move higher, at least short term, maybe longer. The chart says $1000 gold is coming back in style, and if $1000 is breeched with power, then $2000 gold is a sure thing. I like/own GG (1st target: $60; 2nd target=$72). ABX and GLD are also good possibilities. (4) The worst is far from over. August may be a brutal month for the financials, and I get word that there will be more negative news come January, too, as more losses are reported.

    I wish the news was much better.
    Last edited by New-born baby; 07-15-2008 at 11:09 PM.

  6. #6
    Join Date
    Nov 2003
    Location
    SacTown
    Posts
    14,938

    Default

    Quote Originally Posted by New-born baby View Post
    I am no genius. The chart called it back in January. If you are interested, the chart suggests that the bottom won't be put in for another THREE YEARS. Read 'n heed, men. That's just the BOTTOM. It may take another 11 years or more to reach the levels we reached this last time (14,000 DOW).

    How to trade in this brutal market, you ask? I would suggest that (1) you don't have to be in the market all the time, ie, it would be prudent to stand back out of the way on occasion; (2) since the trend is South, be looking to trade South. By all means, focus on the shorts; (3) I personally believe that EVERYTHING is going South--even oil stocks, with the single exception of gold. Gold looks to move higher, at least short term, maybe longer. The chart says $1000 gold is coming back in style, and if $1000 is breeched with power, then $2000 gold is a sure thing. I like/own GG (1st target: $60; 2nd target=$72). ABX and GLD are also good possibilities. (4) The worst is far from over. August may be a brutal month for the financials, and I get word that there will be more negative news come January, too, as more losses are reported.

    I wish the news was much better.

    I agree that things are bad...But my guess is that your opinion is based on more than just charts...Doug
    "Trade What Is Happening...Not What You Think Is Gonna Happen"

    Find Tomorrow's Winners At SharpTraders.com

    Follow Me On Twitter

  7. #7
    Join Date
    Jul 2005
    Posts
    3,968

    Thumbs up Nice work

    New Born hope ya loaded up on Pro Funds Ultra short plays

  8. #8
    Join Date
    Apr 2004
    Location
    Monroe, WI
    Posts
    6,091

    Default

    Quote Originally Posted by IIC View Post
    I agree that things are bad...But my guess is that your opinion is based on more than just charts...Doug
    That's possible, Doug, since I have heard a lot of news reports. Nevertheless the PnF chart did call it in January.

  9. #9
    Join Date
    Jan 2004
    Location
    Blue Ridge Mts....
    Posts
    3,676

    Default

    Quote Originally Posted by New-born baby View Post
    .....I personally believe that EVERYTHING is going South--even oil stocks, with the single exception of gold.
    EVERYTHING????.... I personally believe that ECOL will do just fine.
    BEEF!... it's whats for dinner!

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