JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, I'll get it started for this week. I'm expecting another fantastic week, as far as action.
JI
jimkane
Rep: 3,058
Posts: 33,089
I just noticed the Dominoes pizza, ticker DPZ, is up over 2,700% since the bear market low. That's a nice return. The crazy thing is, if any of us had just bought a basket of stocks like this and many others, and then just sat on them, we would be way far ahead of all the trading we have done in all that time (unless there are any traders in here that want to claim they are doing 300%-500% per year, year in and year out, in which case if you make that claim in here you'll be required to post statements, so don't do it unless you have them and want to post them). I know there would have been no way to know that, but it's interesting to me nonetheless to ponder this.
JI
jimkane
Rep: 3,058
Posts: 33,089
I know this will amount to nothing, as it always does (until it doesn't...), but it is very curious to me that all US embassies in Middle Eastern countries (and others) are being closed, even our allies. Read the key lines in the start of this article. I have to admit, this is all very 'odd'.
http://www.zerohedge.com/news/2013-08-02/what-do-they-know-us-issues-worldwide-travel-alert
http://www.zerohedge.com/news/2013-08-02/us-embassies-across-muslim-world-mysteriously-shutting-down-weekend
http://www.zerohedge.com/news/2013-08-02/what-do-they-know-us-issues-worldwide-travel-alert
http://www.zerohedge.com/news/2013-08-02/us-embassies-across-muslim-world-mysteriously-shutting-down-weekend
JI
jimkane
Rep: 3,058
Posts: 33,089
Why does the ES look like it might get some downside off this 2.75 high? That makes no sense.
JI
jimkane
Rep: 3,058
Posts: 33,089
Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz.
The graph is very interesting.
http://www.zerohedge.com/news/2013-08-02/chart-recovery-gdp-vs-market-capitalization-lows
The graph is very interesting.
http://www.zerohedge.com/news/2013-08-02/chart-recovery-gdp-vs-market-capitalization-lows
JI
jimkane
Rep: 3,058
Posts: 33,089
Just waiting on the run into the close. I'm not sure they can do it, but it makes no sense if they don't...
JI
jimkane
Rep: 3,058
Posts: 33,089
Two point range for almost an hour. Nice trading day... I'm just sitting here falling asleep trying to figure out how they would suck people in so they could screw them, and then run it. That would surely involve a sweep down of some kind first.
JI
jimkane
Rep: 3,058
Posts: 33,089
If they drop this, it can be an ABCD around 98.25-99.25 and hit a bunch of stuff, but if it drops there, I can't see a run until close. I'm not sure what they are planning here...
JI
jimkane
Rep: 3,058
Posts: 33,089
Nah, it couldn't be that simple, just a basic stop sweep below that last swing-low, and up? No way... That's all they could come up with? 'Too easy'.
JI
jimkane
Rep: 3,058
Posts: 33,089
My concern here would be no follow through, just hit back into the range here and then chop around again.
JI
jimkane
Rep: 3,058
Posts: 33,089
If I had any sense at all I'd close my computer down and go for a walk.