tag:blogger.com,1999:blog-30368639.post2795832503067266549..comments2023-10-16T01:58:50.870-07:00Comments on TRADING WITH WAXIE: HAPPY THANKSGIVING, boy do we have a LOT to be thankful for!Waxiehttp://www.blogger.com/profile/08513802524809539679noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-30368639.post-56180351293556321292008-11-29T11:54:00.000-08:002008-11-29T11:54:00.000-08:00Thomas, no not necessarily, lets see what shakes o...Thomas, no not necessarily, lets see what shakes out. <BR/><BR/>Beer guy, I'm NOT bullish, not at all, in fact my 4500 target on the Dow is a foregone conclusion in my opinion and 2500 is entirely possible. The government is making every single wrong move and they are pushing the country into a potentially catastrophic situation. One where we could see riots in the street, civil unrest like we've never seen before. What happens when people realize that their money is really being used to bail out selected banks and companies that will merely piss it away? What happens when the dollar is worth 50% or more less than what it is, but they are taxed more? They are making decisions that they have no authority to make, and that are dooming us to the worst depression in the history of our country. One that might last for 10+ years, and lead to horrible ends.<BR/><BR/>Does that send bullish? :)Waxiehttps://www.blogger.com/profile/08513802524809539679noreply@blogger.comtag:blogger.com,1999:blog-30368639.post-58135792814866542722008-11-29T07:58:00.000-08:002008-11-29T07:58:00.000-08:00Waxman...sounds to me you're getting more and more...Waxman...sounds to me you're getting more and more bullish everyday. (Be Careful) I think a TON of the rally was Obama induced and started with the Treasury Secretary announcement at a pivotal time. If they didn't release the Geithner news....at that precise moment....we were going down another 300+ into the close on the 21st.<BR/><BR/>Anyhow...trend is STILL down although continuation to the top of the channel, 9500 is quite possible following some selling from a short-term overbought condition.<BR/><BR/>I think a load of the upward bias has been short covering...let's now see if organic buyers emerge.Steve "TheBeerGuy" Richardshttps://www.blogger.com/profile/14750630799922708681noreply@blogger.comtag:blogger.com,1999:blog-30368639.post-83186981786301128792008-11-27T20:49:00.000-08:002008-11-27T20:49:00.000-08:00Wouldn't you NEED the market to fall in December t...Wouldn't you NEED the market to fall in December to get a decent January effects pop? If we were to continue onto 10,300 by the end of December there's no upside left for January. Conversely, we'd need to drop by 1,000 points a week to get to 5000 by the end of the year, hardly a safe bet. Are you thinking we back and fill from 9,000 until the end of the year then have a good January effects from there?thomashttps://www.blogger.com/profile/16503251087435974001noreply@blogger.comtag:blogger.com,1999:blog-30368639.post-2916794291201406082008-11-26T15:16:00.000-08:002008-11-26T15:16:00.000-08:00A few posts ago you had mentioned that you thought...A few posts ago you had mentioned that you thought the DOW would be around the 5000 level by year end, do you still think thats the case or has something changed?Anonymoushttps://www.blogger.com/profile/17732852495933166506noreply@blogger.com