anyone watch slipstream trader? [youtube]http://www.youtube.com/watch?v=lihsuPC36f8[/youtube] this guy is scarily accurate and the reason I have no shares
he uses the lines of support as guides, I think he was concerned the bounce back was simply short positions being closed, will be interesting tonight on the S&P, I noticed earlier dow futures were slightly lower and commodities are up
The guy certainly knows his shit. He subscribers have done very well out of him since his service started. If you have some cash and time to really play the market all day then his service would be a valuable tool.
As of now 12:24, just past midnight on 11/8/2011. Bloomberg reports: Dow 10,858.10 -381.71 -3.40% S&P 500 1,134.52 -38.01 -3.24% You're spot on Rob SHTF!!!!!!!!! Bloodbath tomorrow on ASX I bet.
I havent even watched the video ( will do so shortly ) , but from the point of view of probabilities, wouldnt you assign a LOWER probability for the stockmarket to fall by 5% in 1st half of day - FOLLOWED by a rebound of 6% in the 2nd part of the day so that the market closes above the opening price prior to the 5% correction THAN the probability/likelihood of the stockmarket crashing by 20%-30%. I mean a correction of 5% followed by gains of 6% didnt exactly have a precedent either.
BB, "What precedent is there for a 20-30% crash after we've just seen a crash?" October 29th 1929!!!! About 80% I think from memory, (I was only a lad at the time) OC
looks like murray was right again, I feel sorry for those that went all in over the last days thinking the bottom was reached
At the moment despite a plethora of bargains on the ASX I'm sitting on the sidelines waiting for the reporting season dust to settle (i.e. reporting season to finish or close to it) so I can make a more informed judgement about the performance of various companies. In the mean-time I hope the market nosedives so more bargains ill become available. I would be interested to hear ho else is waiting for more reuslts to come out before making any decisions? A few weeks ago I as buildiung up some cash reserves in anticipatgion of making further gold purchases but the recent upard spike in gold and silver has put me off buying as I don't like to buy things after a sharp run up. who else feels this way?
"The BIG plunge was over a longer time span than I thought." Hope this works. http://stockcharts.com/freecharts/historical/djia19201940.html OC
I did that last month Bit late to swap now, especially if you're young. Stocks will eventually go back up, if 10 or 20 years. Wait it out.
Bit late to swap now, especially if you're young. Stocks will eventually go back up, if 10 or 20 years. Wait it out. but is it worth waiting for 20 years if the markets fall 20-30% and it takes 30 years for markets to come to current levels ?
If you're not going to get your super till 40 years then yeah...keep it in there... And what else are you going to move it into anyway? Unless you pull it all out into SMSF and buy PMs. The scenario you quoted happened in Japan but they were way overvalued, I don't see that happening in Australia.
I so want to have SMSF but am not sure if its worth...given we have to get yearly audit etc and pay $600 for audit.... I wanted to have SMSF and buy bullion.....
Kingsgate will be one you thanked your lucky starts on - they have a very promising future if managment stay committed.
How do you know? Are you a subscriber? I am with AustralianSmallCap and AustralianWealthGame. ASC stocks have gone down like a lead ballon but i didnt own any (none appealed to me), and AWG has done alright given the market conditions.....i've only followed him into one shale gas company though.
ASC is NOT joking when he said it was highly speculative lol. The only safe bet is to not be in it at the moment, markets are a mess... I want to see P/E's revert to at least the 10's or even 9's before I start buying some solid companies. The coming blood baths is gonna clean the market up, the weak will die off and get eaten by the strong - buy the strong
