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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?


To: gongoman who wrote (99506)12/1/2008 3:59:40 PM
From: kidl  Respond to of 100058
 
>>>Compound the fact that there """appears""" to now be a problem with current cdn govt ?<<<

"Appears" is the understatement of the century.



To: gongoman who wrote (99506)12/1/2008 6:28:22 PM
From: chichi2  Read Replies (1) | Respond to of 100058
 
To All, TSX= sorry no can do, DrBob is expert.

i can not even keep up with US mrkts anymore with this Volatility, it takes 2hrs sometimes 4hrs nightly, try as i might, i still make 30% bad calls on US with this wild action, not good but i am still beating a high percent of pros that write rags and charge for them. i am calling it every day, near impossible in this Volatility, some of the action these days is a whim of one or two large players, and a few jump in and add on, all of a sudden, whammo.

the only play is a day trade, and you must be glued to the tube. not worth it for me, too hard on the nerves except a few times now a week for a couple of hours. overnight trades are like roulette in here, not quite 35 to 1, but you really are starting with 3 to 1 against winning, and if your a weak player, you lose.

like today, in a normal mrkt the 1st level of down would hold, but here we are far below that 1st heavy resistance area, a move made on Low Volume. The drop was because the US mrkts had no Buyers.

Then in the middle of it all the Politicians who know nothing more than we do or less about the markets, they open their mouths and all hell breaks, and usually further biased by CNBC talking heads, good luck, on these humorless days.

then after that, no one thought the markets will now hold,

just look at the VIX Action this afternoon from 3pm to close.

VIX Jumped up on volume in the Dec Options.

so you get a perspective on my own trading
i am
52% CDs all over 5% to 5 1/2% returns, guaranteed by FDIC
33% Bonds (treasuries and corporate) all good returns
15% Trading moneys all were Flat by Friday

All my epistles warn on Trading in this market.
i expect the markets to be bad throughout 2009.