Stock Market Crash 2008 Ended Today 10-10-2008: Back to normal trading

As predicted in the article of 12 hours ago, today October 10, 2008, we declare the end of the Stock Market Crash 2008. We are back to normal trading--Stock Market Crash 2008 Ended Today 10-10-2008 (10/10/2008).

1:19PM: with NXD at 1219, we are starting to scale in on long side.

1:49PM: with NXD at 1198, we have added a second part to the position.


PROFIT TAKING:

3:35PM: with NDX at 1315, we are offloading the long position.

More than 100 NDX points profits is enough. LONG LIVE THE BLOG!

Stock Market Crash October 2008 Bottom for Investors (10/10/2008)

We stayed late tonight until we can see the market touching a magic number. It is the number where bears lost to bulls at the end of the bear market that ended in March 03.

For the DOW that magic number is 8250. During the night only futures are open,
and they are trading at 8270, which is the equivalent in the cash market to the value of 8250. Ladies and Gentlmen: we are calling this a bottom.

We are entering this market in our retirement account. We are doing this because of multiple reasons on which we will dwell later (as the editor is now dead tired and wants to catch some early morning sleep). But the essence of the reason is that the previous bear market did the cleaning, and the area of the bottom for that bear market was 7250 to 8250, with the later the value being the level at which bears were defeated by bulls.

Therefore, we think that this is a potential good floor area for the short term (at least).

We will share with you how we are playing this, but we have given you the way we see it ahead of market opening.

Our retirement savings, which has been in cash for sometime now, will let some of our their own go back to wall street (to test the waters, and possibly catch some green dollars).

The reasoning here is valid only for investors, and assuming one buys an index.

Have a good night/day, and all the best!

Stock Market Crash (september - October , 2008)

Dear readers,

It has been a sad 10 days. They do not say it loud, by the market has crashed, as
It has lost close to half its value (between 40% and 50%).

This is very sad particularly for those in retirement or close to retirement who have had their money in the market.

By historical standards this is a crash (bear market) like no other crash. Typically, a bear market loses that much, howver over the entire period of the bear market (2 to 3 years) not in a few days.

As you may have noticed, I have paused making short market calls, as I do not find it moral to contribute to this madness.

I will provide in a next post, some remarks related to the unsual behavior of the other markets in conjunction with the stock market.

My worry is whether we are in the opposite of an inflation ( a depression). A depression is rare, and more devastating in treasure and psychology, in a short period of time.

I considering starting a call on the Fed to declare a plan to buy stocks (not individual stocks, but the market), or sell puts. If they do just announce such a plan, I think the market will find a support.

Despite all the gloom, there is something unusual today: VOLUME was lower, while prices were coming down. This should signal a possible bottom, and a sharp up move in the next few days starting tomorrow (Friday) is not to be excluded. If the reversal happens tomorrow, I would not be surprised by a move as high as 10% price gain, with a market closing higher than the high of today Thursday October 09, 2008.

10-10-2008 might become a joyous day to remember, and the rest to forget.

PLEASE POST YOUR COMMENTS. OUR WELL BEING IS IN BALANCE HERE. DO NOT STAY ON FENCE.
(Please do not take it as being blant, but I wanted to highlight that you comments are not only welcome, but are needed).

Stock Price Bottom Prediction: qqqq, NDX, NQ, QID, XLF, DOW (Tuesday October 07, 2008)

2:13PM: with NDX at 1350, we are entering the buyers side of this market.

In one word: The bottom!

Market Price Prediction, Mr. Soros, and this blog!

We have been made aware of information circulating on the internet that the editor of this blog is Mr. Soros. Readers are pointing to an article that described a 100%accurate vision of what were to come, why, in what sequence, and how. The article was written past May, and the relevant part of the article is included below.

We would comment later.

On May 07, 2008 we wrote:

"Here is what I think the message of the markets is/going to be:

1. Stock market down because of recession/earnings. Fed does not have much room to cut more.
2. Other countries will cut rates to fight spreading recession, causing interest rate differential between dollar world and non-dollar world to shrink. This is bullish for the dollar (similar to dividend increase in stocks).
3. Point 2. will lead to further strength of the dollar because of momentum in currency pairs created by dollar bulls (change of trend in favor of the dollar), and money running to safety to USA and buying of assets/bonds.
4. Points 1. to 2. will cause commodities to be less in demand, and therefore a reduction in their perceived price will follow. This will translate to weaking in futures prices, helped with a strengthning dollar. Once the down trend is established, the bears (and their aunts) will take care of the bear trend in commodities.

The first wave: dollar up, and market down. Commodities afterwards with possible sharp corrections as a beginning to disorient the bulls before the kill.

Long dollar/short foreign currencies, short US equities and international, and start shorting commodities once a top is comfirmed, etc.

"

Related link:

http://financialtraders.blogspot.com/2008/08/dollar-equities-stocks-and-commodities.html