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  • #601
  • Mar 15, 2020 5:33pm Mar 15, 2020 5:33pm
Quoting sponge
"Mark my words, they would show NO MERCY and they’d be bragging about it over their 5 course dinner". ....As would we ? How do you trade ? fundies , TA ? Catempire, I don't see it as a nice holiday, this virus has the potential to scupper the world of finance, a halt on selling could save the day in order to avoid armaggedon on the markets. I recall shorting being banned in the past but can't remember when but it led to a huge bull market as you know. As usual the MEDIA have a captive audience
possibly Sponge but then I am well aware that if you step foot in the boxing ring, the round goes on until you either win, get knocked out or cry for mercy.

just because things aren’t going up doesn’t mean or should be paused.

and that’s kind of the whole point.......... and the reason it is unsalvageable........ the economy........ is fucked !
Que Sera
  • #602
  • Mar 16, 2020 3:16am Mar 16, 2020 3:16am
Ha
Attached Image
All charts/ideas based on UK time zone
  • #603
  • Mar 16, 2020 5:43am Mar 16, 2020 5:43am
Quoting sponge
Ha {image}
I had an argument on Twitter last night with some chap who runs a NY Investment firm... his argument was on the, “Market should be closed” tip..

im like hang on a minute... so you’ve been flogging over PE ratio stocks to people for the last 6 years making easy money because of the feds monitory policy & the moment it goes against you you want it to close lol

It really won’t make a difference to the long term effects it’ll be a bloodbath when it opens....

sensible investors saw it coming Sponge & sold up weeks ago.

less sensible investors are selling now.

idiot investors want it closed & their money indefinitely locked up (just as short term pain relief)

And complete muppets like D1 sold their gold to buy apple 2 weeks ago.

one thing is most certain, it is broken beyond repair, we can put plasters over it but it won’t solve the issue.
Que Sera
  • #604
  • Mar 16, 2020 5:46am Mar 16, 2020 5:46am
Oil is fucked too that’s headed for the teens.

gold will rebound hard as will some of the cryptos

all of it is going lower first tho.... the market is going, much lower.
Que Sera
  • #605
  • Mar 16, 2020 6:36am Mar 16, 2020 6:36am
Quick close the market...... it’s not going in the direction I want it too.

alternatively I’ll do nothing about it and just place my head in this sandpit.
Que Sera
  • #606
  • Mar 16, 2020 6:45am Mar 16, 2020 6:45am
I have to say I think the markets should be closed or at least a ban on shorting. I worry about the knock on for all of us ie pensions etc. It's bad enough with all this virus shit.

Oil has a symmetry target of £27/ $10 ...can you imagine
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All charts/ideas based on UK time zone
  • #607
  • Mar 16, 2020 7:02am Mar 16, 2020 7:02am
Quoting sponge
I have to say I think the markets should be closed or at least a ban on shorting. I worry about the knock on for all of us ie pensions etc. It's bad enough with all this virus shit. Oil has a symmetry target of £27/ $10 ...can you imagine {image}
Sponge. It’s the way it goes. You cannot expect capatilisum to survive if it has rules when it goes against the majority. Close it because people are losing ? Ffs.

with respect, it’s up to each of us to ensure we are making the right moves, pensions will undoubtedly take a hit... perhaps if people wernt so blind on the facts and took note of all the evidence 4 weeks ago they would have less to worry about ?

The writing has been plastered all over the wall.

& besides the markets closing will have 0 effect long term, shit is still going to hit the fan, it’s just everyone will lose the ability to move out of the way.

imagine if markets closed for 1 year & in that time 50% of companies listed went under.....

you think this would be a good thing?

artificially & it’ll stop old boys pacemakers playin by up short term but mark my words it would have even longer, lasting damage long term.

play the game, get played or don’t get involved.
Que Sera
  • #608
  • Mar 16, 2020 8:13am Mar 16, 2020 8:13am
So the fed announce $500b repo and put rates at 0

what good does 0 rates do in this situation?

Using all ammo to early.

and we’re 5% down on open.

do bulls finally get the picture ?

she is going sub 10000 & sub 1000 respectively .... act or lick wounds later coz we cannot control the outcome.
Que Sera
  • #609
  • Mar 16, 2020 8:29am Mar 16, 2020 8:29am
Quoting Catempire
{quote} Sponge. It’s the way it goes. You cannot expect capatilisum to survive if it has rules when it goes against the majority. Close it because people are losing ? Ffs. with respect, it’s up to each of us to ensure we are making the right moves, pensions will undoubtedly take a hit... perhaps if people wernt so blind on the facts and took note of all the evidence 4 weeks ago they would have less to worry about ? The writing has been plastered all over the wall. & besides the markets closing will have 0 effect long term, shit is still going to...
No I'm not saying close for a year I'm saying close for say a week or two or even a few days just to take out the sting, the initial panic/fear and let the public get used to this situation, and they will.

Surely that's better than just doing nothing .....if we do go sub 1000 the damage is done anyway.
All charts/ideas based on UK time zone
  • #610
  • Mar 16, 2020 8:42am Mar 16, 2020 8:42am
Quoting sponge
{quote} No I'm not saying close for a year I'm saying close for say a week or two or even a few days just to take out the sting, the initial panic/fear and let the public get used to this situation, and they will. Surely that's better than just doing nothing .....if we do go sub 1000 the damage is done anyway.
But the damage is done anyways so closing will make no difference mate.

I understand why you think it will but this situation is none controllable the markets, all markets, big and small will be effected, listed & not.

closing is just a temporary measure to make a few people feel better.. won’t make any difference, if it’s a week or 6 months, the same things will still happen.

take the measures we need to take is all we can do.
Que Sera
  • #611
  • Mar 16, 2020 8:59am Mar 16, 2020 8:59am
Quoting Catempire
{quote} But the damage is done anyways so closing will make no difference mate. I understand why you think it will but this situation is none controllable the markets, all markets, big and small will be effected, listed & not. closing is just a temporary measure to make a few people feel better.. won’t make any difference, if it’s a week or 6 months, the same things will still happen. take the measures we need to take is all we can do.
Sounds like you are saying this was on the cards anyway, the virus was just the trigger ?
All charts/ideas based on UK time zone
  • #612
  • Mar 16, 2020 9:11am Mar 16, 2020 9:11am
Quoting sponge
{quote} Sounds like you are saying this was on the cards anyway, the virus was just the trigger ?
I’m saying that sponge. Artificial interest rates and endless money printing.

QE should have been something to prop the markets up in dire times like now, not used to over inflated prices like the last 7 years. People became high on the obvious and ignored the elephant in the room.

Was only ever going to take one small adjustment in the market and it was bound to implode & now they have 0 ammo to resolve the situation, they’ve used it all, their stimulus is just ruining people’s hopes in the feds ability & the psychology has changed to that regard.

their actions going forward will start to have a negative impact. As we are seeing.

Been saying the same thing since January mate & its all unravelling.
Que Sera
  • #613
  • Mar 16, 2020 9:30am Mar 16, 2020 9:30am
A few people calling for the fed to buy up equities.

its really not that simple & many people (inc the experts) seem to view things one directionally.

Can’t pick and choose to buy only certain company stocks in a free capitalist market if you expect progression and growth (& faith).

if we are moving to a police state, well that’s a different matter, but even if that was the case, from the powers that be, first the market would cycle.

lets remember.

the system is a pos, built to make you and i poor & certain others rich.
Que Sera
  • #614
  • Mar 16, 2020 9:40am Mar 16, 2020 9:40am
Quoting Catempire
{quote} I’m saying that sponge. Artificial interest rates and endless money printing. QE should have been something to prop the markets up in dire times like now, not used to over inflated prices like the last 7 years. People became high on the obvious and ignored the elephant in the room. Was only ever going to take one small adjustment in the market and it was bound to implode & now they have 0 ammo to resolve the situation, they’ve used it all, their stimulus is just ruining people’s hopes in the feds ability & the psychology has changed...
Well if you've been short since January

That's enough to give old Tumpy a heart attack....oops 12 days to go
All charts/ideas based on UK time zone
  • #615
  • Mar 16, 2020 10:01am Mar 16, 2020 10:01am
Cheers. Picked top on s&p by 3 points.

on a funny note.

d1 just made his page so only yellow diamonds could post....

his last post:

”no one else trading this beast?”

newsflash - if you lock everyone out of your house, they ain’t gunna be at your house party lol
Que Sera
  • #616
  • Mar 16, 2020 10:18am Mar 16, 2020 10:18am
Sponge.

don’t view this situation as a problem. View it as an opportunity.

imagine the buy opps We will see.

bests mate stay safe
Que Sera
  • #617
  • Mar 16, 2020 10:31am Mar 16, 2020 10:31am
If it interferes with pension funding levels it will be a problem
All charts/ideas based on UK time zone
  • #618
  • Mar 16, 2020 10:40am Mar 16, 2020 10:40am
Quoting sponge
If it interferes with pension funding levels it will be a problem
its inevitable mate. This is only the start of a very deep rabbit hole.

Get hedging Sponge or regret it later. You are in the incredibly fortunate position of doing something about it, others arnt quite so lucky.
Que Sera
  • #619
  • Mar 16, 2020 10:41am Mar 16, 2020 10:41am
Quoting sponge
{quote} My Dow timing is a bit rusty but I have Mon 16th for a turn It's possible current levels could hold at 21700 area, US open in 5 mins news skews but limited downside I think. Just my 2p Good luck
Back to 21700, bulls need to break this level imo
All charts/ideas based on UK time zone
  • #620
  • Mar 16, 2020 10:49am Mar 16, 2020 10:49am
I've cautiously been trading this volatility. In and Out quickly on futures contracts due to high swings.
Price is at Thursday and Friday's low, hitting resistance and fighting to keep this level.

I would like to scalp and tiny long between 21335 and 21000. Being patient and waiting to see if thursday and friday's NYSE session low will hold out.
I will not hold longs if Dow is under 21,000 - but I would consider a late-in-the session long as long as price is above or near 20,150...Prefer to buy as close as possible.

made 1 scalp already, now looking for maybe 1-2 more trades then call it QUITS for the day!
Overtrade=losing on commission plus time, plus greater potential to give back profits.
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