US Stock Market Nosedives another 200 Points, Now below 11000 for 1st time in 2 years

gringoloid says on Jul 11, 2008, 09:42:

hallelieuuuuuuuuuuuuuuuuuuuuuuuuuuiaaaaaaaaaaaaa!!!!!!!!!

Who are the three blind men?

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miamimike says on Jul 11, 2008, 09:47:

Colombian Market was down also by140 points as of Noon today from 9123 to 8983:.click on Acciones to show Col market

http://www.eltiempo.com/economia/home/index.html

"Wait a minute. What did you just say? You're predicting $4-a-gallon gas? That's interesting. I hadn't heard that." -- Feb. 28, 2008 --George W. Bush, Washington, D.C.

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Albatross says on Jul 11, 2008, 09:47:

The Dow is headed for 10,000 and Oil is headed for $200... ain't life grand.

“Democracy - a pathetic belief in the collective wisdom of individual ignorance." - H.L. Mencken

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BillBigD says on Jul 11, 2008, 09:54:

Finance stocks getting killed again. No surprise
OIL up to $145, Coal off 8% from All time High. Two biggest exports for Colombia but the market very weak
Colombia market also down .08 % today.

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gringoloid says on Jul 11, 2008, 09:55:

bill i'm going to pm you with my phone in miami.

Who are the three blind men?

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ronaldo says on Jul 11, 2008, 10:00:

It's all manipulated anyway for the benifit of the Wall Street Boys..

Ronaldo

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miamimike says on Jul 11, 2008, 10:04:

Gringoloid, when are passing thru Miami? PM me

"Wait a minute. What did you just say? You're predicting $4-a-gallon gas? That's interesting. I hadn't heard that." -- Feb. 28, 2008 --George W. Bush, Washington, D.C.

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gringoloid says on Jul 11, 2008, 10:11:

i'm here now...........me and big billd are meeting tonight.

Who are the three blind men?

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miamimike says on Jul 11, 2008, 10:13:

Where? How long are you in Miami for? PM me with your phone number!

"Wait a minute. What did you just say? You're predicting $4-a-gallon gas? That's interesting. I hadn't heard that." -- Feb. 28, 2008 --George W. Bush, Washington, D.C.

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LDW says on Jul 18, 2008, 13:49:

Great day on the bond market (September, 2008 ---30 year T bond future) today. Three trades....10 points, 18 points, and 10 points on three trades.....at $31.25 per point, less $3.54 round turn commission on each trade.

Great week actually......picked up 26 points on Wednesday on one trade.

I wish I could figure out a system on Trade Station for stock index futures. I do well on the bonds, but have not figured out a system for those damned indices. I lose money when I trade them.

I am sticking to the bonds. That way, I don't have to give a hoot which way the stock market goes.

I am also short one March 09 Eurodollar contract at 96.77. That is not a day trade, but a position trade, and I am up 8 and half points on that ($25 per point). Chart says that short term interest rates will rise. Stop is at 97.10.

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gringoloid says on Jul 18, 2008, 19:49:

LDW, how come you don't just trade the index futures as an option? You don't have to day trade it and i think playing with XBD, it is relatively less risky..........although i don't want to kid anyone, ...there is still a lot of risk there.

You''ve explained to me once before about the bonds but i don't think i have the time to try and learn that. although i have one etf like that, TLT, and i'm shorting it. i bet you don't like that idea but it is barely in the money and i have until december until it expires.

Who are the three blind men?

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LDW says on Jul 18, 2008, 22:58:

Strange thing is...I am doing fine on individual stocks, especially companies in capital intensive businesses, like Alcoa, but I really suck at trading the index futures. Maybe it's because I set my stops too tight.

The bond futures trend really well, and the Eurodollar future (an interest rate future, not a currency future, as the name might imply) also trends well. When Greenspan was cutting rates back in 2000 and 2001, I tripled my investment position trading that futures contract. I used my profits from that to try to establish a model on Trade Station to Trade the index futures, and gave back about half my winnings.

Right now, my Trade Station indicators are bearish on the Eurodollar, suggesting that the market expects interest rates on short-term money to increase.

I am going to stick with what makes me $$$$'s.

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gringoloid says on Jul 19, 2008, 13:33:

Can you give me a symbol for the eurodollar future? and are you long or short?

Who are the three blind men?

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LDW says on Jul 21, 2008, 17:02:

I am trading the March contract.

Symbol is EDH09

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LDW says on Jul 23, 2008, 13:12:

gringoloid......Sorry...I forgot to mention...I am short.......as I suggested in my comment of July 18, in which I said the indicators were bearish.

I am short the March 09 contract at 96.77. Last I checked earlier today (I do not follow it minute by minute), the future was at 96.59, which puts me 18 points ahead ($25 per point).

You can check the daily close at www.cme.com to monitor my progress (or lack thereof) on the trade.

This could be a precursor to a new upward move in the stockmarket, as the bonds and eurodollar on the one hand, and the stock indices on the other, usually (but not always) trend in opposite directions.

Bonds have been trending down recently.

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goin_south says on Jul 23, 2008, 23:31:

helpful

Where do we go from here?

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LDW says on Jul 24, 2008, 16:14:

Bad news on Ford today sent stock investors to the exits, and there was a big run up on bonds. Classic day where bonds and stocks went in opposite directions.



I am on the losing side of that Eurodollar trade now. I am 7.5 points offside as we speak ($187.50) But it hasn't hit my stop yet.

I went long the bonds on news about Ford...one trade, going long.....24 points....made $750.

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gringoloid says on Jul 25, 2008, 05:26:

I know, that was a strange day yesterday................

LDW.......we should take this to private mail........there are about 6 of us trading and that's the way we usually communicate.

Who are the three blind men?

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LDW says on Jul 25, 2008, 10:55:

OK....fine with me

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LDW says on Jul 25, 2008, 10:59:

BTW....bonds tanked today...I missed the big move because I overslept....but I still picked up $250.

Longer term trend for bonds looks bearish, as it still does for the Eurodollar...which suggests that interest rates will go up.

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