Finally the US stock market pull back

有发 有发 有发

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About two weeks back, I mentioned that the US stock market like the DOW, S&P...have been over bought. And I hope to see a pull back. Finally it comes.

This is the last chance for the bear to attack before the end of 2013. The market is selling down as media is speculating that this coming Friday Non-Farm report will be good and tapering will be back as a concern.

Watch out for the support. And the last FOMC meeting under the leadership of Ben Bernanke which scheduled to take place on 17 and 18 December.
 

alexchia01

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I've been trading Dow and S&P for a while now.

Frankly, I don't care what the FED does or going to do or read the news.

I find that before any of these news are released, the market already knows something and usually move before the public knows.

All I do is watch what the market does and follow it.

I can tell you, it's accurate 90% of the time and puts me in a good position before the big move.

I usually found out what happens after I saw my profit sky rocketed.

My advice to people who wants to trade the US indices... Ignore the news, watch what the market is doing is more important.
 

Godmode

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有发 有发 有发;81660407 said:
About two weeks back, I mentioned that the US stock market like the DOW, S&P...have been over bought. And I hope to see a pull back. Finally it comes.

This is the last chance for the bear to attack before the end of 2013. The market is selling down as media is speculating that this coming Friday Non-Farm report will be good and tapering will be back as a concern.

Watch out for the support. And the last FOMC meeting under the leadership of Ben Bernanke which scheduled to take place on 17 and 18 December.

There won't be any taper till 3rd quarter of 2014. Then they will try tapering with $5 billion but it will fail drastically and it's back to square.

They have done so much damage to the economy is now the QE is like water. If you get it, you can survive, if you reduce you will suffer and if you stop, you will die.

It's QE till infinity. I am waiting for the the countries to just declare JPY as new reserve currency and stop the USd ********
 

sojournerr

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Great advice. What's your average holdin period like? Intraday or Position trading? I've heard of people who kept buying SimSCI contracts during the 2009-2011 mkt recovery, made tons of $.

I've been trading Dow and S&P for a while now.

Frankly, I don't care what the FED does or going to do or read the news.

I find that before any of these news are released, the market already knows something and usually move before the public knows.

All I do is watch what the market does and follow it.

I can tell you, it's accurate 90% of the time and puts me in a good position before the big move.

I usually found out what happens after I saw my profit sky rocketed.

My advice to people who wants to trade the US indices... Ignore the news, watch what the market is doing is more important.
 
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