Comments on: Market Performance in 2008 http://blog.afraidtotrade.com/market-performance-in-2008/ Helping traders overcome fears and emotions in trading Wed, 08 Feb 2012 09:26:36 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Corey Rosenbloom http://blog.afraidtotrade.com/market-performance-in-2008/comment-page-1/#comment-14254 Corey Rosenbloom Wed, 09 Jan 2008 15:13:30 +0000 http://blog.afraidtotrade.com/market-performance-in-2008/#comment-14254 Geoff, The Wilshire is indeed the broadest index one can reasonably measure, and the 12% loss is extremely disheartening for investors. The major indexes are showing similar patterns, and I can't find much bullishness at all, except that there may be a bounce as you mentioned. Thank you for the comment. Geoff,

The Wilshire is indeed the broadest index one can reasonably measure, and the 12% loss is extremely disheartening for investors. The major indexes are showing similar patterns, and I can’t find much bullishness at all, except that there may be a bounce as you mentioned.

Thank you for the comment.

]]> By: Ana http://blog.afraidtotrade.com/market-performance-in-2008/comment-page-1/#comment-14192 Ana Wed, 09 Jan 2008 09:32:54 +0000 http://blog.afraidtotrade.com/market-performance-in-2008/#comment-14192 Corey I guess the statement could apply somehow on all time frames if one knows how to read the charts on different timeframes, since all have opening and closing bars. My thinking. Ana Corey

I guess the statement could apply somehow on all time frames if one knows how to read the charts on different timeframes, since all have opening and closing bars.

My thinking.
Ana

]]> By: Geoff Green http://blog.afraidtotrade.com/market-performance-in-2008/comment-page-1/#comment-14185 Geoff Green Wed, 09 Jan 2008 08:51:28 +0000 http://blog.afraidtotrade.com/market-performance-in-2008/#comment-14185 Interesting blog, I just posted a similar blog using my preferred index, the Wilshire 5000. It has come down 12% from 10/07 already. If you look at a chart you'll see the index has just dropped below the support line of a descending triangle. I'll be shorting the market on a bullish bounce. Geoff Interesting blog, I just posted a similar blog using my preferred index, the Wilshire 5000. It has come down 12% from 10/07 already. If you look at a chart you’ll see the index has just dropped below the support line of a descending triangle. I’ll be shorting the market on a bullish bounce.
Geoff

]]> By: Corey Rosenbloom http://blog.afraidtotrade.com/market-performance-in-2008/comment-page-1/#comment-14175 Corey Rosenbloom Wed, 09 Jan 2008 08:05:57 +0000 http://blog.afraidtotrade.com/market-performance-in-2008/#comment-14175 Ana, I agree totally. The market needs to find support at prior lows else sellers (bears) will have the upper hand decisively. Your quote refers to intra-day price action, does it not? Might it also refer to monthly trends? I've also heard it said in reference to day-trading "Dumb money rules the open while smart money rules the close." Either way. True, as we've seen in the markets as of late, a LOT can happen in two weeks! Thanks! Ana,

I agree totally. The market needs to find support at prior lows else sellers (bears) will have the upper hand decisively.

Your quote refers to intra-day price action, does it not? Might it also refer to monthly trends? I’ve also heard it said in reference to day-trading “Dumb money rules the open while smart money rules the close.”

Either way.

True, as we’ve seen in the markets as of late, a LOT can happen in two weeks! Thanks!

]]> By: Ana http://blog.afraidtotrade.com/market-performance-in-2008/comment-page-1/#comment-14147 Ana Wed, 09 Jan 2008 06:16:25 +0000 http://blog.afraidtotrade.com/market-performance-in-2008/#comment-14147 Corey The 1400 area of S&P was tested today and did not hold. That area gave way and the S&P has set new lows, below its August and November 2007 closing lows. We are close to a bear environment. Quote "If one subscribes to the theory that opening prices are dominated by "dumb" money and closing prices by "smart" money, then that then doesn't seem like a very encouraging trend." Unquote. Still we have two more weeks to end January to hope for a rebound to succeed. Corey

The 1400 area of S&P was tested today and did not hold. That area gave way and the S&P has set new lows, below its August and November 2007 closing lows. We are close to a bear environment.

Quote
“If one subscribes to the theory that opening prices are dominated by “dumb” money and closing prices by “smart” money, then that then doesn’t seem like a very encouraging trend.” Unquote.

Still we have two more weeks to end January to hope for a rebound to succeed.

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