tag:blogger.com,1999:blog-5888907630242568925.post9208151534222282536..comments2023-06-05T04:15:43.212-04:00Comments on Money Money Money: Special: A Traders Dreamchaugnerhttp://www.blogger.com/profile/16378543210029732358noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5888907630242568925.post-59170693988854014632009-02-26T09:31:00.000-05:002009-02-26T09:31:00.000-05:00also keep in mind what we have been saying since m...also keep in mind what we have been saying since mid january. We have waited patiently for our big signs to show us the mid term direction. Back in Jan we have been talking about the potential of the mid 600 range after the market gives us the proper signs. Its kind of funny that now, a month later you can see analysts and other blogs talking about those same numbers when a month ago they were all screaming the bottom is in at the 800 range. Of course its easy to say after the fact but the good thing is we have known it well ahead of time. Even if you go back to my october long term forecasts you can see how those numbers and directional indications still hold true. The market had a chance off the 800 range in January to change direction towards the upside and it did not occur, it will take a LOT of work from where we are today to beat the odds and continue to rally significantly.chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-41552700108314841292009-02-26T09:21:00.000-05:002009-02-26T09:21:00.000-05:00news is something that is quite a difficult indica...news is something that is quite a difficult indicator to evaluate at the moment. You remember the 800 ranges back in Jan? News was horrible, I mean it does not get any worse then what we had, yet we were able to maintain the 800 range and rally. The dangerous thing with good news is that you will have hopeful buyers step in that do not want to miss the bottom but then institutions and hedge funds selling into those moves as a way to close out large positions. Who will win here? Not the small guy.<BR/><BR/>The primary trend is down, so any up move will face extreme pressures. We really need significant changes in the market place itself to give the big guys confidence that 1) they should keep their position and 2) buy more. I do not see this type of change occur anywhere here.<BR/><BR/>The turning point is the 800/820 range - this is where we will decide if we have legs or not. When you look at my long term outlooks I am still confident of the 650 range towards the end of March, beginning of April, we waited for our signs and those signs occured, there is no reason to believe otherwise at the moment even with the jump we have had the past 2 days.chaugnerhttps://www.blogger.com/profile/16378543210029732358noreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-55577372006451692072009-02-26T09:15:00.000-05:002009-02-26T09:15:00.000-05:00There are some positive news that will influence t...There are some positive news that will influence the market for a while. So we'll see<BR/>we might want to hold on just a little longer.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5888907630242568925.post-52932572975133904582009-02-26T09:09:00.000-05:002009-02-26T09:09:00.000-05:00Great work!Great work!Anonymousnoreply@blogger.com