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I trade by my own spreadsheet and TS signal is programmed into it or you can basically manually count it...you tell me if Dow index got a TSB or not today...
2bit
Yes Desert, I am 2cents everywhere else...TSB is TurtleSoupBuy signal, TSS is the reverse, google it and you'll get an explaination...
2bit
I don't see OEX going beyond 495 which is approx 1089 SPX either, shorted this morning and out but will be in again..there will be a big drop coming end of month but a surge is expected before that especially with TSB signals hanging around, but I don't expect these signals to be trend changing, just one day nuisance and then the big drop, by the way Desert I think you have the economic data mixed up. You showed last week's data.
2bit
Hey, Denmo,
Unemployment no decreased by one, the market is going to rally big time to fill your gap LOL But congrats....
2bit
Am glad you guys have a way with dogs. Frankly I am not in favor of them, they never grow up not like a child and my neighbour's dog bark all day, drives me nut. He barks at anything that moves.
2bit
TurtleSoupBuy Signal, SD you did it for me already and I am still sleepy early in the morning
2bit
A possiblity for next week
XLF and OIH is what I normally watch other than OEX, VXO of course. Now they are both sitting on channel, although upward sloping and bearish, they normally fall out on the 6th count (not EW). Now since XLF has a TSB signal, the high probability trade would be on the upside for the market. It would seem irrational with all the negative sentiment and indicators. The next logical OEX target would be 495 (SPX 1089) and that's a 200 Dow point rise. It would be inconveivable at this point to see the gap 1120 to be filled. But next week we have existing home sales and durable goods data, they could also cause them to fall straight out of the channel now.
2bit
TSB signals on SPX, Nasdaq, and XLF, watch out Bears...within 4 days ur asses will be toasted...
2bit
Desert et el,
This is a wonderful idea, I will second you. start your posts with a P for politics, J for jokes, D for derogatory and R for racist (if you think you are!).
Hey do you know how I got my name as "2bit-nothing"? I used to be 2cents in most boards until in one where one guy always starts his posts with "worth a look" and when you dig in they contain things other than the real topic, so I started complaining as in waste of my time and he replied with "derogatory comments and ended up calling me 2bit-nothing"
Thats was a wake up call for me. Perhaps I really don't know much about anything especially the market. My lesson learned was perhaps humility would do me good and continual imposing of my views on others would not only cause rejections but I would learn nothing. So I started using the name "2bit-nothing" or as NM would put it " you two-timer nuttin':.
2bit
YRT1
I watch the video in its entirety. Here's my 2c
(1) agreement
- yes, genocide by the British,
destroying nations and building empire especially in Africa
- No, US should not support gambling losses of the Banks
- yes, Wall street empire building,destroying ordinary folks
- nations should build infrastructures to foster the world
- hyper inflation of US due to printing money
(2) disagreement
- Fixed currency won't work
- wind mills and solar energy are good
- health care system is not there to make people stupid
I don't think Obama is a mental case, but yes he seems like a continuation of Bush. I think more historians should be Presidents rather than lawyers who speak from both sides of their mouths.
Have a good week
2bit
I am out of PUTs, made dinner money. Back again Monday....like to make fun of NM....good luck, I sitll maintain it is not worth playing counter trend...
2bit
They are the computer illiterates...LOL
2bit
I am short today, wouldn't mind HFT to come in to take it down to zero..hehe...
2bit
Black,
NM #109418, follow his forecast? a dead turkey long time ago...
2bit
Karin,
Very well said
2bit
Den
Aug26 may be, but it is hard to believe at this stage it will go back up to 1120 to close the gap and more likely his first sceario will come true...but will definitely shoot it down if it goes there
2bit
SD,
I don't really have an opinion on this. At the close of Monday Aug16 there was already a buy signal which of course led to the big jump on Tuesday. You could say POMO fueled it more. But if POMO were here today the fall should not be this bad. If next Tuesday and Thursday are down days (more than likely) than this POMO thing is invalidated.
2bit
Gleno,
Oh u Ewavers, make up ur mind, is it C of II or II of C or an impulse C...LOL
BTW, lets us know what God reveals to you in term of market direction, through Revelation...
2bit
Jake,
that is ok, just like what I did this morning, if I did not wait for Phil Fed no. to short, I would have gotton more profit but then again I could have lost it all if the no. were good. Do it like Desert watch the VIX, right now it is telling me Bear to get the hell out, she would probably go long, but I never play counter trend, just let it go and short again when it is riped.
2bit
Desert,
Good for you, another good story. I normally limit myself to one trade a day, over trading can kill too...I am waiting to short again but for now, I am done for the day....
2bit
Black,
I do admire him, don't get me wrong, most people would not be able to do what he does daily...
Just that the amount of stress is not for me
good trading to you
2bit
Yes, good trader plays both sides, but not simultaneously, you can loose on both sides on options, in options, playing both sides guarrantees nothing....
2bit
No,no, no Black...
NM plays both sides and with underlying and if you have followed him long enough, you will find out his forecasts are wrong most of the time and that is why he plays both sides....I am a onesided naked guy and the direction has to be right...
Gleno's targets are good though
2bit
Denmo,
No way what?
Today, the tone is set for a down turn...short on rallies and a long way to go ..down that is...
2bit
Hugh,
That is why I never put stops for options. Just use the underlying pivot, s1, r1 as guide. I was a late comer today, for I waited till the Phil Fed no. got OEX Sept 485 Puts at 10.8 and sold them at 12.6.
good luck
2bit
SDP,
Your POMO was just a theory. Glad I didn't follow shorted at open and closed ...
2bit
POMO can't help a plunge of Phil from 5 to -7.7...
US is a sick economy, my God
2bit
This initial down draft may be a fake...watch pomo...
2bit
Ouch
Initial Claims 500K from 475K
Continuing Claims 4478K from 4500K
2bit
M&A, Intel to buy McCafee for $7.7B...
2bit
Hey,
Though I see still more upside to come, especially if it passes through OEX 500...
2bit
Hey Denmo,
U've been quiet lately, up or down from here? ur take?
2bit
the market rallied right after you said that, Gleno trained you well LOL
2bit
you are brave to still play Aug options...if you look the other way for a few minutes you could loose it all...
2bit
I was down to Washington and New York for a visit in June and did not like the hot and humid air. Portland in Oregan is even more south isn't it? I just like the -40c Bear couuntry where Sage is ...
2bit
Ya, but don't leave it over night...it may run to OEX 500 before it comes down again. I am done for the day, just don't feel like doing anything, this is the day where PUTs are depreciating fast but Calls are going nowhere either...
2bit
That is depending on your Guru's wave count, if incorrect then it will be different.
2bit
Another penny stock scam...this one should be deleted
2bit