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Looking at the weekly dow chart, it has spent about 20 weeks between 9700 and 10,700.Now in the mid 10 5's its time to decide the future. Chart speaking wise if it breaks 10 700 theres at least 1000 points to the upside.Theres a lot of blue sky above 10 700.
If you don't ascribe to the double dip scenario then its time to get on for the upside. If you do think theres a duoble dip coming then any short above 10 700 looks like a luxury short.
Personally I think its getting harder and harder to make the case for the downside.
Heres the profit potentials.Depending on who your contracts provider is each dow point is worth about 1$ so 1000 points is worth 1000$. 10 contracts worth 10,000$.my deposit on 10 contracts is about 600/700 aud.
I'm warming up to the idea of scaling into a 200 contract posi on the long side.I would like to start buying on the next dip the flowing it up with contract 200 being bought at maybe dow 12,000.I might average maybe 11,200 @ 200 contracts.At 12,000 the profit would be approx 160,000$ with a max deposit of about 14k.mmmmm this sounds good?
If you don't ascribe to the double dip scenario then its time to get on for the upside. If you do think theres a duoble dip coming then any short above 10 700 looks like a luxury short.
Personally I think its getting harder and harder to make the case for the downside.
Heres the profit potentials.Depending on who your contracts provider is each dow point is worth about 1$ so 1000 points is worth 1000$. 10 contracts worth 10,000$.my deposit on 10 contracts is about 600/700 aud.
I'm warming up to the idea of scaling into a 200 contract posi on the long side.I would like to start buying on the next dip the flowing it up with contract 200 being bought at maybe dow 12,000.I might average maybe 11,200 @ 200 contracts.At 12,000 the profit would be approx 160,000$ with a max deposit of about 14k.mmmmm this sounds good?
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Sounds awfully like the thread "Classic Head and Shoulders appearing on the Dow" to me, with obviously the opposite proposition.
id try buy on some weakness, 0% can then give confidence to go higher
yes bio , I like that strategy also, buy on weakness then start scaling in. Been doing a lot of research the last few days.The stars are starting to line up.Oil is moving up on higher demand.Market down moves are getting more shallow.Gold refuses to fall much.Iron ore prices for 2010 to be set 60% up.More people worldwide with more $$$, many of course are in asia.China rolls on. House prices in australia beginning to move up. we could be in the earliest days of the next boom.Of course the doubters will wait till everything is confirmed, but by then the big $$$ will already have been made.
The time to move is now or very soon.This time in 12 months most markets may be much higher.
The time to move is now or very soon.This time in 12 months most markets may be much higher.
Mrben 13 Jan 06:48
A contrived exchange rate and tariffs are all that is between chinese economic glory and its return to living in mud huts
china rolls on eh? must be all the mud huts ;)
A contrived exchange rate and tariffs are all that is between chinese economic glory and its return to living in mud huts
china rolls on eh? must be all the mud huts ;)
sub- your so boorish. you have nothing to contribute. move on.
come on MrBean, tell us what prompted such a total U-turn? did the medication kick in?
If by medication you mean his schizophrenia pills, then you are right.
I've have seen some trash posted on this forum over the years but the rubbish posted by this guy takes the cake. Regurgitating MSM cream puff financial stories and passing them off as analysis, posting imaginary trades that can't even be technically executed, contradicting himself in the same post time and again, always claiming profits even when in fact the market went the other way from what he predicted a mere hours earlier, and many many more nonsensical gems.
He is either completely**ers or there are 1000 monkeys on his keyboard typing these stuff. Unreal
I've have seen some trash posted on this forum over the years but the rubbish posted by this guy takes the cake. Regurgitating MSM cream puff financial stories and passing them off as analysis, posting imaginary trades that can't even be technically executed, contradicting himself in the same post time and again, always claiming profits even when in fact the market went the other way from what he predicted a mere hours earlier, and many many more nonsensical gems.
He is either completely**ers or there are 1000 monkeys on his keyboard typing these stuff. Unreal
so you aren't going to berate me for questioning MrBean any more Menelaus? thats a relief ;)
this MrBean character is like an antipodean currency trading version of our good friend chisel, with a xenophobic streak thrown in for good measure
this MrBean character is like an antipodean currency trading version of our good friend chisel, with a xenophobic streak thrown in for good measure
the usual culprits, more interested in personal attacks than anything meaningful.melanus, subversion, eton hogg, melv.Probably all the same person.Sorry but I did'nt bother to read your comments, and won't be reading them in the future.Once I see your names anyone can tell it will be the same mindless angry irrelevant blurb.move on move on move on, your boring the socks off the real contributors.
dow up aout 250 points since my first post in this thread.Hope some of you have the courage to follow.
http://www.cnbc.com/id/15840232?video=1438713542&play=1
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