QQQQ (comment)

41.09 is the number to break for upside movement, for a .50 cent gain,...thats all

and down down down if we don't.

POKERSAM,

i'm looking for 1-2 day upside,

except for the Q's, all the index's look good.

(S&P)if we stay in the green today, well see 1300 sooner before going back down

gloe, bollingers

thanks gloe,
i'm starting to believe BB's are not tradible indicators but a complimetary indicator to your trade.

Keith K, candles

the spikey ones (hammer) are the only one i use, they are a trend change in nature (usualy)

ALL Bollinger usage

i'm looking for comments on bollinger use.

I used to have a headache looking at bollingers. But i'm starting to get a feel for it since the last QQQQ RSI-5 play. Pls let me know a particular bollinger play you have used or witnessed.

here is what i know so far;
1, price moves from outer then target is mid-line
2, price crosses mid-line target is outer,
3, bands tighten means big move coming
4, price penetrates the outer band then bounces you back in
5, bands are better used in conjuction with other trends.

i have not figured out when/how/why price hugs the line

QQQQ bollingers (today)
i say price will go up tomorrow based on tighten bands and daily support line

SMH bollingers (today) my bet is long.
but based on bollinger and today breaking support, i say price will go down,
and based in conjuction with rsi-5 (in the buy zone), i say tomorrow is up.

so be here tomorrow to witness bollingers in action

QQQQ
http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&yr=0&mn=6&dy=0&id=p89077701418

SMH
http://stockcharts.com/h-sc/ui?s=SMH&p=D&yr=0&mn=6&dy=0&id=p89077701418

Market View S&P chart


S&P continues to stay above its trend line 1275, with support at 1250,

SMH h/s pattern
(1) we hug the lower bollinger to the bottom, (2) we do the bouncing ball to the bottom. My bounce target on smh is near mid-bollingers. final downside target $33

QQQQ
Thought we had an RSI-5 play forming, Price has managed to hit lower and mid-bollingers all in one day (is that a first?) no real comment on numbers since i have stopped trading it.

Sentiment; trendlines are breaking, use oscilators, SELL the rallies,

SPX


SMH

SMH h/s pattern

is still in play,
this morning i was looking at a slide along the lower bollinger, but (based on todays candle) i am looking at upside target of mid-bollingers, and still be with-in H/S formation.

ok bro...no bear rugs here.

but that S&P upside trend is still alive and kicking.

S&P & spikey candles

S&P ascending symmetrical is back in play, plus plenty of spikey candles everywhere. Pick an index or stock and you will find spikey candles.

Not a Reversal

i have too many red screens for a reversal and we would need to close 1-2% in the green. but (had it been) we would have bear rugs for all.

Reversal!!!

if indeed a reversal, then yas can throw out your all your downside signals

check back at the close

Use the oscillators,

since all my trend lines are breaking, (except S&P 1250) i will now move oscillators to the front burner for market direction and move symmetricals to back burner. First up is the RSI-5 play

lol and happy trading

RSI-5 play is on,

QQQQ the light is flashing, go cautiously, I believe i'll wait til 2nd day.

POKERSAM,

maaan, who pissed off this bear?

S&P breaking trendline

not looking good for S&P (not looking good everywhere).
I was looking for BA to break $72 intraday and it has.

So next targets are S&P 1250 and BA $70

lol

SMH S&P morning view

futures suggest S&P 1275 (my ascending symmetrical) will break sooner than later. AMD down more than i appreciate.

Kovu H&S view is forming?

yes the H/S pattern is still in-play. But it will not be confirmed until the neckline is broken. At that point it will be too late to make greedy money but not too late to make a profit.

hammer time, thats right,

and by the sounds of it, were are gonna put off the bear for a week. so everyone has time to sell their longs and set-up shorts. At the very least, give the bears a good scare.

Torqs Patterns

These are the 3 simple patterns i use. You can twist and turn them in any direction you desire. It helps position trading directions. As you get proficient, you can string them and make combinations.

S&P spikey candle

S&P formed a spikey candle on the daily chart, (thats bullish). Pls don't ask for a definition of spikey candles.

POKERSAM,

brother,
that S&P pattern is the only fence holding you from devouring everything insight. It is the last bullish hold-out. The question is; what would you do if it breaks to the topside? Target becomes S&P 1425

S&P trend chart,

Of all the index indicators i have, this is the only one that is of a bullish nature,

By chart patterns definition (it is not a symmetrical) and i really do not give a hoot. What matters to me is that this particular pattern is in-play. The bullish nature of the pattern is voided if it breaks the lower line (blue lines).

LG...your right,

its not a symmetrycal, its a stretch.

LG, you're kidding right?

and you don't have to bite, its the bottom half of this chart, the blue lines.

re; Market View S&P

actualy, every indicator i use is down except the S&P symmetrical. So that puts my sentiment at bearish but S&P has break down before i throw in the towel.

SMH is at support with upside target to midbollingers and if we re-test support after the bounce it will surely break.

I will continue to long support and trendlines til proven otherwise...makes sense to me.

Market View S&P chart

Its back to the top we go, based on S&P symmetrical and todays bullish candle, this time we'll blow by 1300,

SMH support is not broken, a full candle above lower bollingers and an upside gap to fill,

QQQQ no comment

position is long,

re; Oscillators DO NOT WORK

my oscillators are pointing down, stoch macd and have no doubt on your downside numbers.

we have 2 ways of going down, straight down or step down. I am using trendlines and support/resistance for the bounces.

CaribbeanJim 8yr cycle low in Q3.

lets work scenario #1
how low would the comp go if we break 2200?
i see comp downside at 2000 at best, a 10% correction
then after that, a 50% rise (per scenario 1), brings us to comp 3000? yes?

adding on;
we are in a bear market and do not see a rally past the 4th qrt of 2006, I am not that optimistic going past 2006. I see a S&P rally to 1350 then we sell off.


from CarribeanJim
###########################################################
Potential 8yr Cycle Scenarios

I see two possibilities for carving out our 8yr cycle low in Q3.

#1 After reviewing SP500 historic charts of 4yr and 8yr Cycles and monthly PMO analysis on DecisionPoint, I can see the potential of us continuing down gradually for the next 6 to 8 months to carve out our major 8yr Cycle. This is exactly what happened in 1953.

#2 We break through the overhead resistance on the large caps and move up fast into Q2. In Q3, we get a swift and major 1998-style correction with small and mid caps taking most of the beating. Coming out of that correction, the large caps will probably be the winners.

I'm guessing we will get scenario #2. The bears probably think we will get scenario #1. If my 2200-level support breaks, I would definitely go with scenario #1.

Historically, after a Q3 correction in a severe 8yr cycle, the Nasdaq has risen about 50% before topping.

Bulls & Bears

one of the things i despise about some traders, is that they only post on their winning days.

So Bulls; the next time some of yas want to take cheap shots at Pokersam, remember who was here today, me and keith.

Thats right keith (a known bull) and i will be the only ones allowed to take shots at Pokersam on green day.

re; big dummy!

brother,
maaan...what have you done to the bulls?
i says to knock a few bulls down, not scare the herd away,
so what are we gonna grill tonite? and if there are no bulls, guess what?

thats right, bear meat and bear jerky... mmmhh good,

Keith, current trend S&P

thanks for the chart link, i have been using it and have added it to my tools.

the question is;
why do you change the linear Reg line setting? currently at 95, bottom left, i have seen/used 210,61,38.

http://139.142.147.218/StockChart_ImageOnly.dll?cus=0&co=ask&i_chart=0&inm=5&ind=2&a...

NDX weekly stoch

the weekly stoch shows current trend. I will not be going all-in until it breaks to the top-side. Also look at how the stoch acted during april 2004 and today.

sorry, lazy chart
http://stockcharts.com/h-sc/ui?s=$NDX&p=W&yr=1&mn=3&dy=0&id=p21949386766

Market View S&P chart

Index targets are SMH/36.75, QQQQ/40.44, S&P/1275
SMH & Q's are based on lower bollinger lines & support
S&P 1275 based on lower symmetrical trendline

S&P view;
my 2 areas of real concern are the daily macd resistance and a break below S&P 1250. I will be adding long positions at SMH 36.75 and S&P 1250 (401k). At this moment, I have no reason to believe that support will fail. The Trendlines are where the money's made. Current winning trades, 1-2 months, have been support/resistance trades.

lol and good trading

Pokersam

i'll take the lead bull role til the cad & rcp return.

support for Q's $41, SMH $37 and S&P 1275,

Where are the bulls?

i see keith made a showing,

but where's rcptrader & the cad meister?

Stock Watch

these are the stocks i'm in and out of. SMH is in the front then any other that lights up. I try not to have more than 2 on the grill at one time and keep the list short. PFE & AMD look good and BA will be a buy near $70

focus on JBHT & SMH
watch list (back burner) BA, SBUX, and add AMD, PFE

Position

add long JBHT, based on lower trend line, target 1-2 points

NAA50 chart :)

another way to look at $NAA50 weekly chart,

This is an energy meter simulation. the caution light is on,
currently you are running out of juice and need refueling.

$NAA50

Vestor_2000, COT

ref short form
NASDAQ-100 STOCK INDEX - CHICAGO MERCANTILE EXCHANGE
long 34,188......short 52,786

the report tells me commercial is heavily shorting the Q's,
they are also shorting S&P & DJI but long on Russell

http://www.cftc.gov/dea/options/deacmesof.htm

http://www.cftc.gov/cftc/cftccotreports.htm

Pokersam continuation

non symetrical continuation (sometimes i don't write as my thoughts, understand?)

The winning trades so far have been to the daytraders and support/resistance traders, based on QQQQ, SPY since Dec/05. Neither the bull or the bear have "taken the flag"...yes?

The following are bullish charts and i am adding long positions, and will close position if proven otherwise. I have seen these patterns break either way.

1) spx daily continuation, no its not a continuation patttern yet. Not until it test support, then i will know what i have. Yes i will add long at S&P 1250.

2) is an SPX daily symmetrical (pls disregard the broken blue lines) We will know if the symmetrical is good when SPX breaks to the top side.

3) AMD is currently a continuation, i am betting long. I had a limit order in for $39 and will try again on monday.

SPX continuation


SPX symmetrical



AMD continuation