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TOPI

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Are we going UP or DOWN today ???? Any Ideas
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14 REPLIES 14
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I think that there's a chance we will go up. I also think that there's a chance that we will go down. There is, of course, an outside chance that we will end the day flat, but the probabilities are in favour of the market going up and down before we end flat.
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Regular Contributor
My bet is the same as yesterday's movement. Up this morning due to eastern markets rising sharply and then lower while waiting for direction from the DOW. If that is positive up we go!
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Futures close out begins today,anyones guess.
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Contributor
S&P / Nasdaq / Dow j / after hours futures are all in the red + our own Futures are in the red as well . So me thinks down . I hope not buy much , not holding shorts at the moment .
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Not applicable
perhaps the S&P/ Nasdaq / Dow J are in the red cos everyone is asleep?
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Frequent Contributor
My guess is down in the morning, up in the afternoon, ending 8 points in the green :-)
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Valued Contributor
the sleeping comment is a valid point. How much credability can we give to futures that are trading at 3am? The only people awake at that time are some insomniacs with nothing else to do. In the hour or so before opening they may have some validity, but even then the futures market is generally a follower not a leader, albeit it does/can pre-empt the opening movement.
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Super Contributor
All very well Simon. But I'm not sure you should argue with someone who makes 30K a day trading.
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Valued Contributor
R30k a day is for wusses. If I don't make R30k while drinkin my first cup of coffee, I stomp on the cats head. Hell by breakfast I own half the JSE with my trading profits and Thursday sees me buy the US with the weeks profits. Next week I think I'll buy google, or maybe the sun, then I can charge earthlings for their daylight usage...
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Super Contributor
I think he was alluding to Zzzzzz.....
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Super Contributor
OK ... so where we going
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Super Contributor
Nowhere?
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Super Contributor
Nope, down.
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Frequent Contributor
I think Brazen meant 30K as in 30 kwachas a day...
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