The Inflationist - Making Money in Stocks, Bonds, Forex, Commodities, Agriculture

Sign In

Subscribe

Subscribe to The Inflationist


Archive for January, 2009

Jan 30
Friday

Dow Casino: Place Your Bets

Filed under Dow Jones, Forex, TheInflationist StockPicks

dow-casino
dow-casino
TheInflationist have sat out of the action this week - patiently waiting for an opportunity and a clear signal to fire. We just opened a long position in Dow at 8095, $10/point with stop of 150 points. Our indicators suggest Friday will be a rally. Market is down 0.7% at the moment preopen - again, it is rare for the market to move in one direction for the entire session. Having said that, 0.7% move is negligible - it may try to test the 8000 mark. We referred to the Magik Numbers to guide our entry today - support being 8070, we weighed the pros and cons and thought 8095 was a worthwhile gamble! We also shorted Euro/Aud (mini) at 2.017.

TheInflationist still believes that we are in a rally for a few weeks to months before the next leg down. Raise cash, and have a position in precious metals and gold in line with our hyperinflationary views.

If you have an informed opinion on investing that you want to share with The Inflationist community, we welcome you to register as an author. The best way to contribute to The Inflationist is to sign up for “The Inflationist Challenge 2009″ and to manage your own virtual portfolio. That way, your portfolio performance speaks for the quality of your articles (price action is all we care about really). The Inflationist strives to provide objective, transparent stock recommendations leveraging on public investing talent.

All entries filed under this archive


Magik Numbers Edition 5
1 response - Posted 01.30.09
MAGIK Numbers Daily and Weekly Dow Jones | FTSE Analysis   By Mr. Magik 30 Jan 2009 | Edition 5   DOW   FTSE   Daily Week   Daily Week   8229 8092 Pivot 4208 4087 Pivot 8300 8274 R1 4269 4217 R1 8070 7895 S1 4130 3922 S1 8545 8654 R3 4390 4519 R3 7835 7519 S3 4000 3618 S3             8422 8464 R2 4325 4368 R2 7956 7709 S2 4066 3775 S2 15 22 % 16 28 %   Dow Trade taken at daily BS and should still be long at 8235 from Thursday. The Dow closed at 8149 on Thursday which was a big pullback. We are expecting the Dow to trade within ...continue
Magik Numbers: Edition 4
no responses - Posted 01.29.09
MAGIK Numbers Daily and Weekly Dow Jones | FTSE Analysis   By Mr. Magik 29 Jan 2009 | Edition 4  DOW   FTSE   Daily Week   Daily Week   8315 8092 Pivot 4276 4087 Pivot 8460 8274 R1 4339 4217 R1 8230 7895 S1 4230 3922 S1 8688 8654 R3 4441 4519 R3 8015 7519 S3 4132 3618 S3             8574 8464 R2 4390 4368 R2 8130 7709 S2 4180 3775 S2 95 22 % 87 28 %   Dow Trade taken at R1 and stopped out for loss of 35 points. The Dow closed at 8376 on Wednesday which was a strong rally. We are expecting the Dow to trade within a range of ...continue
Magik Numbers: Edition 3
no responses - Posted 01.28.09
MAGIK Numbers Daily and Weekly Dow Jones | FTSE Analysis By Mr. Magik 28 Jan 2009 | Edition 3 DOW FTSE Daily Week Daily Week 8160 8092 Pivot 4179 4087 Pivot 8240 8274 R1 4226 4217 R1 8100 7895 S1 4150 3922 S1 8383 8654 R3 4304 4519 R3 7955 7519 S3 4066 3618 S3 8315 8464 R2 4264 4368 R2 8028 7709 S2 4070 3775 S2 88 22 % 40 28 % Dow No trade done. The Dow closed at 8176 on Tuesday which is very near the daily pivot. We are expecting the Dow to trade within a range of 8274 (weekly R1) ...continue
Magik Numbers: Edition 2
no responses - Posted 01.27.09
MAGIK Numbers Daily and Weekly Dow Jones | FTSE Analysis By Mr. Magik 27 Jan 2009 | Edition 2 DOW FTSE Daily Week Daily Week 8129 8092 Pivot 4156 4087 Pivot 8224 8274 R1 4266 4217 R1 8016 7895 S1 4092 3922 S1 8430 8654 R3 4462 4519 R3 7804 7519 S3 3914 3618 S3 8329 8464 R2 4359 4368 R2 7911 7709 S2 3997 3775 S2 58 22 % 85 28 % Dow We would have taken our trade plan for Dow at 7940 and profitted 240 points from it. The Dow closed at 8116 on Monday which is very near the daily pivot. ...continue
TheInflationist Makes Money Sleeping
no responses - Posted 01.27.09
Summary: $1300 Profit (closed half long position - $5/pt DJIA) The Inflationist took $1300 profit yesterday closing $5/point of Dow Industrials at 8200 (entry 7940; exit 8200 = SR Magik Number), and left the other $5/point open. The market crashed as soon as it touched 8200(exactly where the resistance is according ...continue
Magik: TheInflationist Longs Dow
no responses - Posted 01.26.09
TheInflationist longs Dow at 7940, as per Magik for another $10/point. We will close $5/point at the SR using the same Magik Numbers at 8200. Our indicators suggest a multi-week or even multi-month rally is coming, so take this opportunity to ride it up! Gold also broke out so stock ...continue


All content and source © 2008 The Inflationist - Making Money in Stocks, Bonds, Forex, Commodities, Agriculture | News Plus wordpress theme brought to you by Zidalgo.