Thursday, September 25, 2008

Market will gap up tomorrow again

8 to 15 ES points

This one will not fill

34 comments by xTrenders :

Anonymous said...

RIMM just crapped on the market. If ES still gaps up, I will consider you the greatest chartist I have ever know.
Waiting until 9:30 tomorrow.
cheers !!

sahmtrader said...

Music to my ears. Welcome back!

See RIMM after hours? Do you think it could have any impact, or do we see an aggressive move up regardless? Thanks.

Atilla M. Demiray said...

It is bullish, they will buy banks tomorrow. Sell AAPL/RIMM/GOOG .....

Buy banks

tradertom said...

I honk more positive bailout news will trump rimm's earnings.

Atilla, if it's not too much trouble can I get a quick opinion on the FNM & FRE?

Thank you again.

sahmtrader said...

Merci monsieur Atilla.

Atilla M. Demiray said...

FNM will likely top around 3.5 tomorrow

Atilla M. Demiray said...

Qs will gap down in the moring, it will stay there 15 minutes before crossing positive

ES will break 1250 tomorrow, before noon

sahmtrader said...

Atilla, will UYG benefit from ES rise tomorrow, or will it go down with the nsadaq? I have a long position here. Thanks.

tradertom said...

God bless you.

Atilla M. Demiray said...

UYG is going to 31 in midterm

If it gaps above 20.50 tomorrow, it should test 21.5 in a few hours

sahmtrader said...

Where do I send you the bottle of wine? Thank you.

By the way, please say hello to Sol.

Roger

Anonymous said...

Wait, do you predict fre will also be up?

Atilla M. Demiray said...

I dont know about FRE, it looks compressed, meaning upside is very limited

Joul said...

Any ideas on ABX/GOLD/GLD/GDX those gold platoon?

It just seems like the trend now has swifted to "market goes up; gold stocks rally" mood.

Atilla M. Demiray said...

sahmtrader said...

Where do I send you the bottle of wine? Thank you.

By the way, please say hello to Sol.

Roger

Thursday, September 25, 2008 4:22:00 PM EDT

----------

wait till you ring the bell... maybe i will be wrong this time.

Everybody has dues to pay at some point.

Atilla M. Demiray said...

Gold stocks will rally, gold will not.

Gold stocks lead gold they will rally with the market. When the market puts a top, gold stocks will stop going up but gold will start rallying

Atilla M. Demiray said...

that is where Gold will be 650-700

Atilla M. Demiray said...

intermediate term bottom for gold 650-700

corresponds to market top

IC said...

Atilla where do you see the QQQQ toping in this rally? Thank you for everything, you are amazing.

Atilla M. Demiray said...

44.5

Carl said...

Atilla,

a US senator just announce on CNBC no deal.DO you still think will gap up or go up tomorrow?

Also your idea for BANK stock just for tomorrow.

TIA

Carl

Atilla M. Demiray said...

You mean Shelby?


He is senile.

Atilla M. Demiray said...

I am quite conservative when it comes to giving targets. We may open around 1240 to be honest with you.

IC said...

Atilla if we open above 1235 I will personally report you as a member of the PPT.

sahmtrader said...

The wine bottle has just been upgraded to champagne!

Atilla M. Demiray said...

What if we gap down, do i still get something?

golibaaz said...

atilla dude, doesnt matter if we gap up or down..i am still ready to send you a bottle..with your help i have doubled my account in 2 months..
thanks for everything.

Atilla M. Demiray said...

you welcome ...
but i dont get anything from sahmtrader i guess...

not even juice?

sahmtrader said...

You deserve your weight in gold. Thanks for all that you do.

By the way, who is THE MARKET? Basically, how does the MARKET instantly see where things are going (potential rumours and all) and all components turn on a dime together? Who on earth makes that happen?

Thanks for any insght.

Atilla M. Demiray said...

Market is an entity run by the smart money.

They posses great vision and understanding.

Since they always win over the long run, the power they have is much greater as they constantly accumulate wealth.

sahmtrader said...

hmmm. I get the big picture. That's very helpful.

Now in practical terms, it's a group of people who decide in advance if SPX, NQ and all other markets should all turn up or down, at any time during the day, by simply looking at each other? Or are their systems electronically connected so that when one turns, the other automatically turn too?

Then there is the notion that the MARKET knows in advance key events, like if RIMM will tank, and as such they keep on selling during the day, thus halting an aggressive push up on all markets? How do they get that info? Same with government bailout plans. The market shoots up like crazy, then we hear later in the day that there is a plan being discussed. Isn't all this also insider info?

No need to respond. Just wanted to put out questions that must be on the minds of many.

Thanks.

Anonymous said...

Atilla, what impact do you think the bailout breaking apart will have on the market activity tomorrow?

Atilla M. Demiray said...

There will be a bail out tomorrow, so what is the difference? Today or tomorrow.

Eric said...

Atilla - What will the record of the Detroit Lions be this year? just kidding.....keep up the great work.

I give you a tremendous amount of credit for not getting gun shy and/or second guessing yourself with a lot of the contradictory comments/ideas that are posted on the blog by readers.

Regards,
Eric