Daytraders Still Do Exist

[Hoover]

hey
I forgot about this board. I wonder what else I've forgotten.

What if it's something important.

Something drastic?

Oh dear.

well I'm back.

: )

[novus-sapien]

Hey everyone,

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Novus-Sapien

[incognito]

TARO

I was perusing my Vectorvest scans today an TARO suddenly appeared along with some of the other strong stocks. I checked out the daily chart. Wowsa. Nice breakout going on here with OBV heading nicely north. Entry at 32.50 if you can get it.


incog

[Hoover]

It is reassuring to see that you have a wonderful life going manana! Enjoy!

: )

[jrm]

don't go chasing waterfalls.

have a good weekend everyone!

[Manana]

Now that JRMFL is gone........

Or you might wanna consider joining his site... that he posted. Or follow both...

Manana

[Manana]

Will be limiting my posting to.....

Questions only in "I Hub ". If you have one just ask....

Ill keep some " live" posting going over in Topica, untill we find a new site, then gear up again.

My days are getting to damn busy and the nights getting to filled with family stuff.

I suggest all moving back to Topica for now, untill we find a new palce.

Manana

[jrm]

don't be suckered saik...

spot gold is setting it up.

330+ in 5 days or i eat my hat.

: )

[Manana]

Didnt say I wasnt bullish on it.

I still have long term positions, as I have posted. What I did say and posted yesterday was it has pulled back here. For instance HUI is sitting 50 day ma and around that 120 level.

It is a pivot point, to build a bounce from or tank, will depend on if stock market rallies oir tanks.

Just play the break. I have to wait for it to either break that 120 leval or start to build higher to make a move now.

But I still have long term gold positions, as Jr does. We still have some from last July" sell off, when I asked everyone to buy.

But in the trading account, im waiting for the break.

Just waiting for the next move, in the trading account.

Have gains in hand from the trading account on Gold from that last run and large gains from the small gold core positions still from July.

Waiting for the next " tradable move in that index".

Manana

[saikman]

I cannot believe I'm more bullish on gold than you and jrm for right now...lol...I see the HUI as having made a pullback and resting on support - it did break that uptrend from July lows, but unless it takes out 110, I see sideways action here. You were correct on your 130 break.

[Manana]

Rip.......................

My comment was " we talked about this stocks months ago ".

This was back in Topica, I said it was a stock to watch for.

If you kept track of it, you would have noticed the stcok since I mentioned it, put in a double bottom, monthly, then formed the handle.

It turned out to be a stock to be aware of. Back in July I think I mentioned in Topica.

Find the stocks, wait for the patterns to form.

I alert, you choose to track or not.

Manana

[incognito]

Vectorvest Comments.

From VV:

Our Market Timing Indicator, (MTI) which combines the trends of the Price of the VVC, the RT and the BSR into a single indicator, closed at 0.58, up 0.06 points from yesterday, but down 0.03 points from last Thursday. Since it is below 1.00, the underlying trend of the market is Down.

SUMMARY: With three yellow lights, the caution light is on and the Color Guard is Neutral. With the Price of the VVC moving higher on a week-to-week basis and the MTI below 1.00, we have an UpDown situation.

STRATEGY: Bad news was not as bad as expected, therefore the market said that it was good news and Blue Chip stocks went up while Nasdaq marked time. Prudent Investors should continue to remain cautious. Aggressive investors and Traders should play the market up or down as it develops. For those of you who are "Riding the Wave" we are short with the "Worst Stocks over $20.00." We will cover any positions that close above their 20-day MA and not replace them with other selections.

The top 5 shorts on the "Worst Stocks" list are, in this order:

NVLS TKTX KLAC LLTC and ADI.

incog

[incognito]

Oh what a day!


I got shaken out of CPN at -.30 only to see it run up to +.20 later in the day. Felt like an idiot. Then my MCDs was up on the day and I dumped it yesterday at a loss.

Not too expensive after all those prior gains. I sometimes suspect that on the heels of a big win a trader ought to take a break because he is more likely than not to throw recent gains right back into the MMs hands.

Only good today was MIR up a few pennies. MIR had pretty good news about liquidity. I will hold it.

Market was so schitzo today I finally just refused to make a trade.

incog

[ripvanw]

It formed a 9 day handle of late from 23.5 to 25 area.

Guess what happened as it broke the handle on volume at that 25 area?

Last 3 days.

El Ka BOOOOOOM OHHHHHH

So Manana, in what post did you give your alert?

[protein11]

Manana-Raking leaves can be harardous to your health.The last trader I saw raking leaves fell out of the tree!Maybe a typing book to read under the tree would be less harardous. : )
John

[Manana]

Ants in my pants......

I have talked for years about handles. You wait, you be patient, then you get more patient and wait and wait for it to break either way then go with the break.... wait some more.

A handle is a pattern and I see hundreds of them out ther everyday.

We talked about ANT the stock months ago.

Put in a double bottom..... monthly.

That alone was a pattern as it started to bounce from 19 to 24 of late.

It formed a 9 day handle of late from 23.5 to 25 area.

Guess what happened as it broke the handle on volume at that 25 area?

Last 3 days.

El Ka BOOOOOOM OHHHHHH


I dont care what the stock is just give me one of the 10 or so patterns I look for, the handle is a big one.

Mananahandle

[Manana]

Sold the last 1/4 of the long swing today...., posted from yesterday.

Pull that post up for list of sectors and indexes.

Manana

[Hoover]

http://stockcharts.com/def/servlet/SC.pnf?chart=sag.to,PLUA[PA][DA][F!3!0.01!]&pref=G


:)

[Hoover]

Ok I'll watch it and try to get it.

[Manana]

But remember, HUI and XAU..

Still support right here on the 50 and 200 day ma.

Pivot trigger on HUI was 130, as it broke that you see how fast it dropped to 120. Now you are at another pivot point... 120 HUI and the 50 day ma.

XAU or HUI fails much more, play ther break to 110 on HUI. However if it hoplds right here, it is a point to build a bounce off of.

Why predict it, just play the break as we have for so long now. A good example was what I said to do if HUIO broke 130 and here we are.

Now play the next break.

[Hoover]

hands manana a towel and a pen..... anything else dearie?

[Manana]

But remember HOOV.

Im just a south of the border wetback, looking for some free paper to put a chart on.

Have you got a pen?

Manana

[Manana]

Hoov.

I stopped trying to predict, about 3 months ago.

I play the charts 100% through technicals. I cant tell you if we are going higher or if we are going to fail short term although
I know what is going to happen long term.

But the charts, have led us for 2 years now, they will do it again.

Technicals are generally the same in most books. I see the same charts you do.

Play the break, or anticipate the tops and bottoms.

Manana

[Hoover]

I'll stare at the hui chart for my next entry spot.

You think we're going up in the general market for any extended period? I am pretty skeptical of that myself.

"Any citizenry that maintains a 72% approval rating of George W. Bush has a tenuous grasp on reality"

Keilor

[Manana]

Ill be rakin leaves... HOOV..

LOL

[Hoover]

naw, I sold, much appreciated dearie, just lookin for where you said you'd get interested again. So what are you doing this fall? Hope ya have fun!

: )

[Manana]

So now Hoov.....

The sell signal was HUI 130, to exit.

Today it is breaking the 50 day ma.

Expect 110 area to be tested for starters.

[Manana]

Yes go back and check Hoover, I put a sell on Gold about 15 days ago or so as it went into a trading range... HUI., at least that was the day I exited my last large long swing and posted.
I said gold will consolidate here, if HUI breaks 130 anyone should get out, short term.I day traded Gold one time since then and exited.
I have kept some small core golds, as I have always mentioned.

But if you go back about 15 days you will see where I exited a large long swing in gold from that last push up.

I handed the baton to Saik and JRMFL, I said Im out of long golds here in the trading account, short term. I will wait for the next break.... So I did.

Here we are.

It broke 130..... HUI was your signal

You miss that call?

Manana

[Hoover]

Manana, my mentor said the following re gold calls here: a general rally from this oversold area and a concurrent selloff in precious metals is right on. Pardon my poor memory but did he/you/anybody have either duration and/or extent of these moves?

I'm now kicking myself for not unloading more PMs but at least I did blow off the KGC which was about the biggest position. Rebuy at 1.79, was it? Or, do you do this scaling in from there? Not that I like KGC all that much but it does have leverage with that low price. GFI and HGMCY are much better fundamentally but for the politics in SA. And, I'm wondering if todays announcements by ABX aren't a fakeout to eliminate weak holders to provide shares for the major players. After all, ABX is the best managed and operated gold outside SA. They have reserves, money, experience, etc to be in the forefront of a serious gold bull move, although perhaps not percentagewise.

The DUK boys scrambling for money. I'm seriously disappointed that they're selling over 50million shares at 18.35. Really a poke in the eye to existing shareholders. But, maybe the exigencies of their balance sheet are worse than they have been telling the world. I'm guessing that if there aren't more skeletons falling out of their closet the 18.35 is potentially a major base. I'm thinking of selling the 17.50 put if there's any premium.

Into the fray!

[Manana]

Sure Kane,

My pleasure..

Manana

[jrm]

kane, you can find me here...

http://groups.yahoo.com/group/investorsexchange/

best to the board.

[kane]

hey guys JR and Manana before you go just want to say great call on gold and the market in general

thanks

kane

[Manana]

Was fun JR.

Be in touch, Ive got to exit for a while as well.
I have some FALL duties that will keep me from posting so much.

Talk to you in e mail..

Manana

[jrm]

adios gang. good trading and enjoyed it while it lasted.

[Manana]

Yes, Richard no big deal.

We all know in time that will happen.

I think he must read our notes.

[jrm]

richard russell had a scary chart a few months back...

dow target for ST cova for me is 7100.

he had 6292 as hiccup bottom in 2003. before the continues
plunge to...

[teeone]

Barrick Gold Corporation Today Announced That It Has Revised Its 2002 Outlook.

Business Editors

TORONTO--(BUSINESS WIRE)--Sept. 26, 2002--Barrick Senior
Management will be holding a conference call, Thursday, September 26,
2002 at 8:30 a.m., EDT. North American callers dial: 888-391-0105.

[jrm]

Fannie titghening up cash out refi's & bumping 30 to 6.28.

the spread game derivative poster child has no "hope"
of covering bad bets in UST's. they can mitigate
losses for a few, but 50% underwater is still underwater.
and rates can't rise fast enuf for fannie to offset those
defaults.

that would be contrary to conventional wisdom, but it's true.

oh the pain of yet another rate cut or at least bubblevisions
promise of the much ballyhooed "intermeeting cut".

the giddy will be when ol green eyes tosses the 2 bits he's
been loafing around with for the past 4 months.

then we get a guy who's name ryhmes with beer.

$55.8 billion in "vapor funds" came out in cash so far into
consumers hands...

the door is closing.

[jrm]

dollar... technically speaking there's a house formation

on the P&F that looks pretty nasty.

the problem witt t/a in an interventionist environemnt
is short term, you know the targets, longer term you
know the trend.

what you can't chart is what comes from out of left field.

104 - 108 is the range for now. if it loses 104s it is headed
sub 100 to low 90s within the next 30 months.

[Hoover]

From Dow theory letters

CONCLUSION -- An up-day is an up-day, and this rally "should" carry further just based on the extreme oversold condition of the market.

And remember, Monday is the end of the month and also the end of the quarter, so the funds are going to do as much "window dressing" as possible as they wind up a dreadful month and a God-awful quarter. I told you yesterday in view of the extreme oversold condition of the market to be very careful. I hope you were. What, you were short the market? Don't tell me about it, you shouldn't have been.

I'd be surprised if this rally doesn't carry further.

I guess that's all for today.

Your faithful servant,

Russell

[Manana]

But my bias now is clearly, higher into this technical play I was talking about starting last Friday. No doubt I was several days early, but it worked out.

Also, higher because of the manipulation window dressing deal that most traders know about who follow this crap.

Put the 2 together ( technicals with the manipulation window dressing which was on every radio station in the country this afternoon) and I think these basterds will get it higher.

If your not following " Phils Gangs " calls which are basically free and you are an an inexperienced trader, you are missing out on some huge profits, both ways.

Manana

[Manana]

We break highs, manana I will add back the 75% of the trade I sold, having kept a 1/4.

We start to fail I will sell the last 1/4 and first look for a pullback buy re entry point. If that trendline breaks, I will look to short again.

Same sectors I have posted.... the large short call from 2 weeks ago as well as ( if long ) the ones I posted today.

Play the break will be in play for several days now.

Manana

[Manana]

Dollar...

Looking at the one year chart there, it formed a reverse head and shoulders in July to August, moved higher and has been in consolidation now for 1.5 months after forming the inverse H and S pattern.

Classic stuff this 1.5 month consolidation... " handle ".

Technically over that period, after formong the inverse H and S pattern, for the last 1.5 months it has an ascending triangle going into resistance, with higher lows, which keeps hitting resistance.

Taking the emotion out of it and looking at the chart, forgetting the fundamentals which says the dollar should tank..... it is a bullish pattern.

You got me, I just read the charts, maybe a break out is in order here for the Dollar before it tanks again.

Manana

[jrm]

that US$ has formed a intraday cup...

this outta be interesting.

108 or bust.

[Manana]

You probably didnt notice......

In all the excitement... what some of these " REITS " did today.
There were only a couple of weak sectors today, REITS were one.

Check these charts on NFI,KRT,ADC.

There are hundreds of REITS out there, these are just 3.

See em rolling over?

Stick with manana....

LOL

[jrm]

840 not happening, yet.

[Manana]

1:30 Eastern.. take another 1/4 profits.

[incognito]

Same here, sold QQQ SMH at 21.79 and 20.80 respectively.

Made serious coin. Odd thing was I set those sell limits before I drove to work. Got into work and both had triggered.
Very pleasant suprise.


incog

[Manana]

Nice little rally, today.

Im taking about 1/2 the profits from Fri, Mon, Tues and the new trades this A.M. entry from Software, Semis, QQQ, Regional Banks, Restraunts, Food, Biotechs, Retail, Mediacl Parts.

Manana

[jrm]

hope floats... for a few.