10/01/0911:40am - Going Long - Stock Market - Economy Update

[cosmicguerilla1]

don't go long silver or gold lou,

its seasonal and drops in october, wait till novermber

[Chance411]

This is a good point lou, but you probably already know this. Fall usually sees a drop in almost all markets as people see winter coming and pessimism sets in and people sell.

Just a natural occurrence based on human psychology.

[Chance411]

Not sure about silver as its in a corrective wave down to around 14.75 imo before bulls show their hand.

I would be careful of open position over the weekend. One of these clowns at the G7 meetings could say something idiotic and cause a big gap on Monday or Sunday if you trade forex as I do.

Geitner apparently has something to say on Saturday as well.

Bernanke is hilarious isn't he? How can someone talk so long and say absolutely nothing about anything.

[Chance411]

likely another swing down tomorrow lou.

Employment change and unemployment rate will determine the market tomorrow. The gov can't buy and push up the market with this volume of selling, if the news is bad. So far this week it has been.

I would watch unemployment really carefully.. If it is 10.0 or higher look for a big spike down as now we see "double digit" unemployment This has potential to be big.

[MrBacktothe30s]

Dude, You better short the market tomorrow BECAUSE THIS IS IT ! THIS IS THE SECOND WAVE DOWN WHICH WILL BE HUGE it will not get back up in a long time DO NOT GET CAUGHT LONG

[3dbeing]

wow, did you really go long?!?!

[jasonw719]

wrong on Gold today / wrong on DOW today / Lou - be careful, why would you go Long now - this is the worse time to go LONG

[TheMadronas]

well, that didn't happen

[marcopiero]

Hey Lou, make up your mind!

If I were to follow you every time you switch your position......i'd be broke by now!

Sorry for pointing it out. I love your videos but don't tell us what ur doing.....it's deceiving. LOL

[dreadz808]

yo louie, What was your 2nd video about yesterday? because it got blocked or locked off???

[3dbeing]

go short, no go long, no go short, no go long, no go short, no go long...

[meikagirl]

Today is the beatdown.

[tradergee1]

Also the dollar is poised for a rally from here.

[tradergee1]

Silver Trader here. I reccommend owning miners over the SLV for much better performance. AEM GG GSS. Good Vid. My channel: tradergee1

[jordan2tagg]

that's because oil had a huge rally yesterday...from -1.5 to +5 percent in a matter of hours