Time to Start the Martingale on the Dow Jones.

BrentCrude · 03-03-09, 05:27 PM

Not sure if I would think anything to do with the stock market trends can lend confidence to using a system.Just too many variables.Ever listen to this conspiracy guy named Jeff Rense on the radio?He claims the Rothschild types have these Cray mega,mega coumputers and they can't even comprehend what's going to happen.They used to make them in Minnesota and Eau Claire,Wisconsin and the Asian guy went belly up.Not sure why?

What the hell,Wink Martindale would be more qualified to run most companies as a CEO or hold a high position in the SEC or government overseeing finances but good luck with Martingale.

Does anyone actually think that one SEC agent's head is going to roll over the Bernie Madoff's scandal they should have been on top of?

jjgold · 03-03-09, 05:53 PM

MArket still has about 2k points to go down to bottom out

Outlawdino · 03-03-09, 06:38 PM

Originally posted by jjgold

MArket still has about 2k points to go down to bottom out

Agree to some extent JJ...but with all due respect...don't be surprised if the bottom is below 3500-3800.

In regards to the Rothchild's...they basically own the world banks and run the fed....check the historical data and learn whats a' comin'.

SlickFazzer · 03-03-09, 07:27 PM

Martingale it all the way to the bottom.

HedgeHog · 03-03-09, 07:31 PM

When the market crashed in 1929, it took until the 1950's to recover that previous high.

Mac4Lyfe · 03-03-09, 07:40 PM

Originally posted by Outlawdino

Agree to some extent JJ...but with all due respect...don't be surprised if the bottom is below 3500-3800.

In regards to the Rothchild's...they basically own the world banks and run the fed....check the historical data and learn whats a' comin'.

Come on.... Do you really believe the market will go down that low?

Anything under 7,000 is crazy. There are too many companies with value for it to go that low. There's a bunch of companies that are bargains right now IMO. The market will bounce back in the next few months. I see it going to 10,000 end of summer.

Outlawdino · 03-03-09, 07:48 PM

Originally posted by Mac4Lyfe

Come on.... Do you really believe the market will go down that low?

Anything under 7,000 is crazy. There are too many companies with value for it to go that low. There's a bunch of companies that are bargains right now IMO. The market will bounce back in the next few months. I see it going to 10,000 end of summer.

Do I really think the market will go that low??? Yes, so much so that I have been prepping for it for a few years now....and so far so good. Started prepping at the top when the DOW was close to 14,000 and now it is half of that. Anything under 7000 is crazy??? Unless you live under a rock...the market already dipped below 7000. As for the companies that are a bargain now...they go as the Dow goes....the Dow is an index of companies and their stocks...I don't see any strong stocks...do you? If so, why aren't they keeping the DOW up????

Mac4Lyfe · 03-03-09, 08:05 PM

My bad, I meant under 6000...

As quick as the market has slid it can go up as well. It's all about consumer confidence and as bleak as it seems, I think things will turn shortly. I understand the doom and gloomers but many of them will be the one's kicking themselves when things settle down.

therber2 · 03-03-09, 08:33 PM

Originally posted by SlickFazzer

Fixed amount each month in fund that tracks DOW or S&P. If lower the next month double the investment.

Do this for the next 5 years.

This is the worst mistake you can make in the market!

Never dump in to a losing position. You are going to learn the hard way. The DOW and S&P are plummeting. JJ is right, wait a bit. I'm guessing you are looking at (SPY)? Or something like that?

There WILL be potential in a little while. One thing I got into a while back (seeing a global downturn) was YCS. It a currency ETF (USD:YEN). That is the only thing that is doing well for me right now!

SlickFazzer · 03-03-09, 08:50 PM

Ber2,

The thought being was in the next 5 years the DOW would rebound to above 9k, for example.

My discussion was not for a short term play, but rather more long term. At 6700, even if
it falls to 5500, I would have 1200 downside and an upside of 2300 - assuming
we get above 9k in the next 5 years.

therber2 · 03-03-09, 09:00 PM

Sure you can try. Just don't martingale it unless you are going small from the start. Also, in case you are wrong what are you going to hedge with? I'd stick with commodities, and currencies, and if you know how I'd short instead of Martingale.

SlickFazzer · 03-03-09, 09:01 PM

Thanks for the input Ber.

therber2 · 03-03-09, 09:26 PM

NP. Gl Slick. You can do what you want, but I say listen to me, and JJ. There is nothing on the market worth buying; I only see shorts, long commodities, and currencies. I'd just be patient. Why jump the gun?

wtf · 03-03-09, 09:28 PM

your right there is NO urgency getting in

its not like things are going to get better soon, i think by year end or 3rd quarter might be a good time, cleared out all the suckers by then

andywend · 03-03-09, 11:27 PM

I haven't heard a single person in the last month say that now is a good time to be buying stocks even though stocks are now trading at 1996 levels.

Right now, pessimism and complete lack of confidence in the Obama administration rules the day and I certainly understand why.

However, right now everything Obama is doing is a disaster for the country and for the financial markets and sooner or later people are going to get angry enough where he will have to start listening. Remember its not just the rich that are getting hurt by this market decline but many middle class Americans who did the right thing by putting money away for their retirement.

Since the market is pricing in Obama doing wrong by the market, if he changes course, the market could see a huge rally. However, relying on any democrat is always a dangerous move.

ijustwant2bpaid · 03-04-09, 05:14 AM

I know a stock segment that will be making money.....500 bucks, no im kidding, Check it out ******** for 1. No one is buying **** and many people are ****** their ***. I have a few others as well...

HAPPY BOY · 03-04-09, 05:20 AM

placed 30% in cash...now i sit and wait. I think the key is once we can definetley define a market bottom I will start to buy small lots at a time on the way up. I know one thing I will take my profits back into cash once I feel the market gets too hot.

RageWizard · 03-04-09, 05:45 PM

Um, am I the only one here who knows that you can SHORT the market? When a team gets on a hot streak in any sport, you go with that team. Well the market is the same, overall the market will dip down to 6200 then 5200, then maybe even 4200. SHORT the market people, sitting there with hope and a beer won't change anything, the trend is your friend, and you have to trust your friends. Plus, I've been telling you guys to short since last year for christ sake, there is no excuse for everyone not be making a killing in this market, just start shorting. If you don't have a margin account, you can buy an inverse ETF like DXD,DOG, SDS, hell there are too many to name, but start SHORTING people, and stop bitching about it.

therber2 · 03-05-09, 11:25 AM

Originally posted by RageWizard

Um, am I the only one here who knows that you can SHORT the market? When a team gets on a hot streak in any sport, you go with that team. Well the market is the same, overall the market will dip down to 6200 then 5200, then maybe even 4200. SHORT the market people, sitting there with hope and a beer won't change anything, the trend is your friend, and you have to trust your friends. Plus, I've been telling you guys to short since last year for christ sake, there is no excuse for everyone not be making a killing in this market, just start shorting. If you don't have a margin account, you can buy an inverse ETF like DXD,DOG, SDS, hell there are too many to name, but start SHORTING people, and stop bitching about it.

Very true RW. Short, and you do it on margin (not the greatest thing). But inverse ETF's are gold. I shorted the YEN with YCS a while back. The dollar rallied which boosted this because it is a USD:YEN ratio.

You can also find something relatively strong, and sell covered calls if you know options.