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I just tried and it won't load. I get the bar that says "connected" and it just runs and runs and doesn't open any charts.
I have not been able to load FSC all weekend. It still will not load this morning. Anybody else got the same problem?
spdpro, AAPL is still way undervalued in the current metric and could go to a Trillion Dollar Market Cap,,,, YEEEEEEHAAAAAA! It will take another 'end of the world as we know it' scenario to derail Job's Juggernaut and,,,, it could happen...
one can only hope it's toasted, parabolic blowup
Prices continue to keep dropping as they follow the trend line down, but each time it hits the trend line it bounces off. Got to pull the plug here soon if the overall trend stays down. Stop set just under 81, but market is up nicely this morning. Probable a trap.
As I was afraid of, it was a somewhat ugly day y, but nice recovery at the end which has continued through the night. Currently up .6%. Will it hold?
yea right >
And... drumroll please:
FRIEDEN SAYS HE WISHES U.S. MORE INVOLVED IN STRENGTHENING IMF - BBG
Translation: Hey America, we've done all we can, now it's your turn to sustain the Ponzi. Because if we go, you go.
Guess I called this one okay. I consider myself lucky on this one. How long will it last. I hope past 10am. Ya gotta love this market and the insane world our leaders have brought us.
Here is a sad headline this morning. Just never know how much gas a crowd is going to take. When the US cuts expenses 55% to balance the budget, that should just about take the whole world's supply of gas.
"Athens Burning As Police Runs Out Of Tear Gas"
Yep, good morning
What worthless dribble. I can not believe that people pay for such advice. The market should correct soon. I would have never thought of that, dud!! It has only been on a 7 week run.
"From a technical standpoint, the market should correct soon. Here’s why…"
prob another "No Cheese" morning via the Ratz
ES popped pretty good, will be looking for
TZA sub 18.25ish to load up again, will see
how far this goes
for what it's worth
seems even the guru's are confused
> New Greek EU ECB Ponzi Math must be the reason <
http://leavittbrothers.com/blog/?p=5342
Very good, Duma. Immediate Bankruptcy was my answer for your friend too! Every red blooded American should copy and carry this in their billfold and pass it on to their lib friends.
My new chart is screeming sell, but I just couldn't do it Fri. I knew that the market for the last several days was being driven by the Greek debt talks. I also felt that the "kicking the can down the road" is still very much in play, so I expect the Greek government to pony up to more expense cuts and we will all have a great gobal market rally Monday. At least that is what I though Fri. The first part seems to be coming true.
Tough market to trade, so I just decided to not trade it until Monday and wait to see what happens.
This is going to be such fun when it is our turn. Stock up on beer, it going to be a very very long party. And don't buy that cheap stuff!!
Greece Set to Agree on Bailout as Germany Demands Action
http://www.cnbc.com/id/46358167
If your best friend came to you to ask financial advice because he knew he was in real trouble, what would you say. Here are his numbers.
$23,280 annual income
35,984 annual expenses
12,707 annual mismatch added to credit cards
153,417 total credit card debt
The good news is that the credit card debt interest rate is only 3% a year and his bank is quite willing to keep adding to his debt. After all, the bank can get the money to finance the debt from the FEDS for zero interest.
It will require either a new job paying a lot more money or a cut in expenses of 55% to balance expenses to income.
So what would you tell your friend? Me personally, I will tell anyone in this condition to file bankruptcy immediately. What would you do?
Add a few zeros and you have the US Government. We are absolutely no better than Greece. At least they know they have a problem and are trying to cut expenses. We have neither.
As far as I am concerned, I can not think of anything any more unpatriotic then buying this government's bonds. It is like giving money to a junkie, you know what they are going to do with it.
back In 500 TZA @ 18.40, trying again
So true. Looks like it was a good day for day trading. Nice big drop in the am with at least a triple top.
No cigar, but a positive day at least.
It was encouraging that SPY was up Y a little while IWM was flat. Looks like IWM is getting some traction this morning. Maybe finally an up day.
I'm waiting for the market to fall, but so far just a drip torture. Down 1/3% y and the same this morning. Maybe just another pause after the 2.2%+ last Fri.
And yes, the market initially rallied just after Lehman filed. It didn't last long, because guess what, it was priced in... incorrectly.
tf futures holding at -.51%. That's not bad figuring in a Greek default is now all but assured. Boy has this been a long time coming. I'm exhausted. Ask me if I care? So are Italy and Spain up next?
I love this quote, "in the absence of real resolutions to problems created by a century of flawed economic models, the only option is to continue doubling down until terminal failure".
http://www.zerohedge.com/news/bill-gross-minskys-take-liquidity-trap-hedge-securitised-ponzi
yep, pretty crazy stuff for the record books
Before I beat myself up to much for dropping back to 100% and now this great rally, it is important to note that IWM as of now is at 1.95% vs the "market" (SPY) at 1.20%. So IWM is returning 62% more return than SPY. Now I feel better.
I guess we have now know that the dip we just had was a pause and not a top. Actually a classic pattern.
What a strong market. I did pull back to 100% at the dip, but that was the wrong move. Chart showed a MACD cross which is certainly a cause for concern, but Stoc never crossed which in this case was certainly telling.
H&S pattern that some saw, also failed. Are we headed for a repeat of last year, "Sell in May and go away"?
I think I do. Want to see a chart?
Duma > you still got all those FSC MA's I worked on
for the 1 to 3 min charts ? Just need to see if
what I remember is correct before assisting someone
that has a limited trade platform
Could be telling for sure. I don't see a H&S on IWM. Bottom of sideways movement setting about 79. Could be a very key number. I'm watching it.
My slow 60min chart is starting to flash some warnings. MACD now has a visual seperation and prices are settting on the higher of the two trend lines. Also prices have been trading in a range for almost 3 days. So is this the top or just a pause? The futures say a pause.
If stoc crosses the 80 limit, then I will start to think about starting to sell. Until then I just consider this another pull back followed by an advance.
Look close at Premarket "warning"
Looks like Jan is going to go down as a very good month. IWM up 8.1% mtd with no sign of any major pull back and two trading days left.
SPY up 5.0%, so IWM continues to shine as the perferred ETF to hold. One could say it almost been a very boring month except for the four SR60 short fails. Slow 60min chart rules this month.
In the 4th quarter, runs averaged about 3 days max. This run started Dec 14th, so this is the longest one in months, maybe the longest of 2011.
Sorry the chart was so hard to read. Don't know what I can do to make it better.
I did not mean to imply that I bought at the close. I was saying that the TOS signals got me in at the same level as the close on Thur. As you can see on the chart below, the yellow circle was the first signal about 79.10. The green circle was a second chance buy at basically the close or 79.18. The market was up ,68% Fri, so a good buy.
Don't know how long this "buy the dips" can go on, but sure working for now. However, the TOS entries are close to a support point, so an exit is cheap if needed.
You looking at 60 min TOS, regarding the end of day buy, Duma? I looked at your previous post regarding the slow SR60, but too hard to see the fine print.
Right on cue, SR60 failed for the 4th straight time. TOS made another good entry basically at the close of Y. I used this entry to get more long. Seems nothing can stop this run. Okay with me.
I posted a couple of days ago, how the play of the month has been to watch for a SR60 sell and then jump in long when TOS gave a buy signal and the SR60 signal failed.
Y at 11am, SR60 gave another sell signal at 79.02 (even though I would not have executed until later in the day). So once again we will see what happens this morning. Futures were up but now they have fallen back down, so maybe this will be the one signal to not fail.
However as I have said because of the time contraint that I have at the present, I just can not plan to trade during the day. Also looking back at SR60, I realize that it often can get whip sawed as it has this month. So I have been playing around with something a little slower. Below is the chart that I have been watching. It has no history, so I do not present it as a system, but just a "here is what I am watching." Any comments would be welcome. I am watching for a MACD/Signal crossover and seperation and also a Stoc MA break of 80. Then I will consider that maybe the market is turning down.
I'll watch for a while, thanks for link. Several on the board said they had gone 100% short, which matches my SR60 signal. But with 3 fails so far this month, I would not hold my breath. One day it will turn, maybe this is it.
Duma > CS guys here
They lost their Old Home, ClearStation closing Down > Done
http://investorshub.advfn.com/boards/board.aspx?board_id=23176
BT's timing board is looking good, as well as Foot's board and then 'the new CS Board' just for starters. All the best, LKB
I will have more to say later about Slow 60min chart, but it's too early yet.
When SR60 gets a sell signal, it either turns into a full fledge short or a false signal as the one on the 23rd was. I see a great pattern where a good TOS buy comes when the SR60 fails as it did yesterday. Putting this into my trade pattern book.
Got any links to these new traders?
Jon
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As of Oct 2013 I made a major shift in my trading to Phase Charts. I then stopped all my trading with SR60 and F85 although I still use the signals with Phase Trading when the timing is right. I feel that this is a good time to stop using this board to describe and document my trading. This board has operated very well of late as a general board and I like that. I plan to continue posting my general comments on this board just as before, but starting today, Oct 28, I will post all my comments about Phase Trading on a new board that I have created, CYCLE TRADING.
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