Stocks & Oil & All That Fun Stuff

[Giraffe (He/Him)]

Originally Posted by Iron Chef

The four of you would have better luck running the Chicken Ranch.

You're probably right. Jeff would screw the whole thing up anyway.

[Jeff '79]

Originally Posted by Thomas

You're probably right. Jeff would screw the whole thing up anyway.

What????

I can count money.

[Jeff '79]

Nuttin' for Nuttin' but your buying window is near.
I do sincerely believe that tomorrow will be the day to get in for me.
The S&P is down 12% from it's top of 2132, as of today's open.
It could fall another 3% today, and tomorrow, and get to my 15% target buy price.

[Rob]

Originally Posted by Jeff '79

Nuttin' for Nuttin' but your buying window is near.
I do sincerely believe that tomorrow will be the day to get in for me.
The S&P is down 12% from it's top of 2132, as of today's open.
It could fall another 3% today, and tomorrow, and get to my 15% target buy price.

Funny you post this, I was putting in some buy orders this morning for some things I want buy down my cost.

Markets are going to drop today....might as well get some things while they are on sale

[Jeff '79]

Originally Posted by Dixievet

Funny you post this, I was putting in some buy orders this morning for some things I want buy down my cost.

Markets are going to drop today....might as well get some things while they are on sale

That's what I'm talking about. Everyone like a good sale !

[Giraffe (He/Him)]

Originally Posted by Jeff '79

That's what I'm talking about. Everyone like a good sale !

Not me. I like to pay full price. Especially for hookers. That way I don't feel bad when I give them an angry dragon.

[Jeff '79]

Well that was quite a day. Intraday the S&P was 15% down from it's high of 2132.
1812 was hit today but it ain't over.
There was a lot of short covering today in the market and major panic in the oil market.
Lows will be retested and I'm adjusting my entry level to 1800. That's a closing price that, if it hits, I'll go all in. I still say that 25 is where oil will level off. It will go lower, but it will stabilize at $25
What a day! Look at the blood in the streets at 12:30 pm today. Wow!

[Rob]

Like your little chart on the side there.

[MrPeabody]

I hope oil speculators are jumping out of windows.

[Jeff '79]

Originally Posted by MrPeabody

I hope oil speculators are jumping out of windows.

You and me both.
Those bloodsuckers have been sucking America dry for years.

[polarbear]

Originally Posted by Jeff '79

If 1815 doesn't hold, look out below.
I'm betting it will.

Bounced off of 1810. Indicators say it isn't over yet- I agree. chart of the S&P 500.

The abyss. This ain't over either- but look at those volume spikes! Capitulation can't be far away.

Brent Crude.

Capitulation is an important word. When a market crashes, the crash really isn't over until all interested parties- buyers and sellers- throw up their hands and walk away. Crashes always start with a bang and end with a whimper.

[polarbear]

Originally Posted by Jeff '79

Well that was quite a day. Intraday the S&P was 15% down from it's high of 2132.
1812 was hit today but it ain't over.
There was a lot of short covering today in the market and major panic in the oil market.
Lows will be retested and I'm adjusting my entry level to 1800. That's a closing price that, if it hits, I'll go all in. I still say that 25 is where oil will level off. It will go lower, but it will stabilize at $25
What a day! Look at the blood in the streets at 12:30 pm today. Wow!

Attachment 6458

Big Money is surprisingly neutral right now. CFTC Commitments of Traders Report shows Commercials bullish on the S&P Futures. Contrast this to 1999, when the short positions outnumbered the long by a margin of about 3:1. (It's about 2:1 long right now).

What's important about that? Each futures contract represents about $462,000. Now there's a number that separates the proverbial men from the boys. 100,638 contracts open right now- do the math on that one. THIS is where the Big Money runs- the Chicago Merc, not the NYSE.

[Jeff '79]

Originally Posted by polarbear

Bounced off of 1810. Indicators say it isn't over yet- I agree. chart of the S&P 500.

The abyss. This ain't over either- but look at those volume spikes! Capitulation can't be far away.

Brent Crude.

Capitulation is an important word. When a market crashes, the crash really isn't over until all interested parties- buyers and sellers- throw up their hands and walk away. Crashes always start with a bang and end with a whimper.

The selling seems pretty orderly, and as you said, capitulation is not far away...
All the headlines and local news stations are reporting how the market is crashing. That is usually a pretty good indicator as to when to buy..
We're getting close imo.
Also, as you said, as long as Chicago isn't in a panic, you have a good indication that this is just a typical Wall Street adjustment.
Come on 1812 again ! Get this over with already.

[Admiral Blue]

<-------Chicago never panics.



<-------(knocking on wood)

[Bill]

Originally Posted by Jeff '79

I'd rather have a barn full of gold.

I'm still holding out for binders full of women. That's got to work out for somebody.

[carlton_fritz]

I'm no Wall street expert, but even I could see it went up too far too fast.

[Jeff '79]

Jeezus... We gonna get a double bottom, or what?

[CertInsaneC5]

Originally Posted by Jeff '79

Jeezus... We gonna get a double bottom, or what?

I think so. Most were fleeing into oil today. That bounce will be short lived. Expect massive shorts next week. I still don't think we will bottom out for about another month or so though. That is just a gut feeling.

[Jeff '79]

Originally Posted by polarbear

Big Money is surprisingly neutral right now. CFTC Commitments of Traders Report shows Commercials bullish on the S&P Futures. Contrast this to 1999, when the short positions outnumbered the long by a margin of about 3:1. (It's about 2:1 long right now).

What's important about that? Each futures contract represents about $462,000. Now there's a number that separates the proverbial men from the boys. 100,638 contracts open right now- do the math on that one. THIS is where the Big Money runs- the Chicago Merc, not the NYSE.

So how's it lookin' today?
Truth be told, I can't interpret that.

[Rob]

Got a sale going on today....Looks like people are reacting to the polls last night