Is anyone actually buying?

[numbercruncher]

This might give the markets something to cheer about ?

The European Central Bank said on Monday it would lend banks as much in two-week funds as they are willing to pay for in its weekly refinancing auction.

The ECB said in a statement it was scrapping the usual upper limit on how much it lends to banks in Tuesday's weekly refinancing operation to ensure overnight interbank lending rates stayed close to its target of 4 percent.

All banks with enough collateral, and which submit bids of at least 4.21 percent, will receive the funding they ask for, the ECB said.

http://www.iht.com/articles/2007/12/18/business/18ecb.php#end_main

 

[ithatheekret]

The US slowdown hasn't been the ignition for the sell off it is the credit crises.

Once people start to become more risk adverse, they then start to relook at other things.

Credit market + US slowdown at the very least means you should re evaluate.

Maybe not sell, but at least re evaluate and tread warily.

If all this blows over quickly, those who bought at bargain basement will be very happy but if not........

The buy back in was more like short covering and institutional buyers who will automatically buy on a decent decline , especially on Blue chips .

The Dow futures are up and above f/v , but I won't count my chickens until they hatch , those late sell offs worry me and theirs is a definite sell into strength market . To be frank I have thought ours was too due to lack of infrastructure etc. to cope with the supply flows and have had 6340 as my sellers market point for awhile until the indexes are reshuffled .

 

[inenigma]

Has anyone had a looksee at this lately ?? Apparently no debt......... Does anyone else think that Base metals have not yet bottomed out ????

 

[schumie21]

Just of interest does any body BUY strictly to a mechanical system or is everyone on gut/fundamentals.

 

[skyQuake]

Just of interest does any body BUY strictly to a mechanical system or is everyone on gut/fundamentals.

wow none of those 3 seem like good entry criteria

 

[schumie21]

skyquake,what method of entry do u use. im about to start a mechanical system,it seems quite logical..

 

[Out Too Soon]

Everyones selling (or sold out) so yes, I'm buying. I use a combo of F/A, gut instinct & basic T/A based on what I hope to be common sense.

 

[Lucky_Country]

Buy low sell high !

"I get greedy when everyone else is fearfull and get fearfull when everyone else is getting greedy" quote Mr Buffett.

I buy based on past price history and on management and project potential demand supply etc etc !

Learnt the hard way tho

 

[skyQuake]

skyquake,what method of entry do u use. im about to start a mechanical system,it seems quite logical..

Gut = fear/greed; You become emotionally attached to your position and will not be manage it effectively. Professionals will squeeze you out of your positon, or you'll get spanked holding onto something (eg. see FMG thread)

Fundamentals... Well, tell that to the 'long term investors' who got in a year ago... Kinda works in rational markets, but i'd bet 50% of the time markets are irrational...

Nothing wrong with mechanical systems, just that its not an entry criteria. Your setups define how you enter into a trade.

My entry criteria is mostly Technicals, counter-technicals and VSA.