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I wish but I don't do stocks. I can tell you this though. A few years ago a penny was worth more melted down than as a penny. Just this year the nickel joined that club. A ordinary quarter made before 1965 is worth over 1300% more melted than in coin form.
You should just buy a bar and sit on it. It ought to be worth about 10 times what it's worth now in about 10 years.
BTW... I think that the next gigantic play is in silver even more so than gold. I bet it rises faster than ANYTHING over the next 5 years including a major lauch sometime very soon.
75
Very fugly out there. Everything is catching up at once. Buy gold and sit.
Very nice timing. I just went long for a quickie
MY board...lol
Don't lay that on me. I hear by unclaim it...lol
I agree...sux
I set up this a long time ago and I don't know how easy it is to navigate but we can try or set up one somewhere else.
http://groups.google.com/group/market-swings?hl=en
Law...from the Bang who has already reached his daily post limit...
Tell Law I put a big wager on DLTR for tomorrows’ earnings. Nice inverse H&S gives it ~ $66. They are ripe for a pop with decent earnings. Otherwise I guess I’m stuck for awhile J And they are like FDO they will do a 10% with decent earnings. Shoot in this environment; these are about a sure a thing as anything. The negatives are this quarter usually a little weak and the high fuel prices may have bit them a little.
Yep...
Megaphone bottom. Nice divergence in large time frames and ABC perfect correction. The tide is shifting.
Looking for 1135 on ES and close to 700 on TF.
Same on Crude except megaphone bottom and it projects to around 74.
Same on Gold except megaphone bottom and it projects to around 1215
75
Over under seems to be 674 on TF
Battle lines are drawn and shorts are covering after near perfect (within 2 points) 100% ABC down on ES and TF from 5/13 high, 5/17 low, 5/18 high and 5/19 low.
Maybe
1135 ES
700 TF
?????????
Bang...you call SSO the "Po man's futures" but actually ES is more of a po man's trading mechanism.
If you bought $100,000 worth of both and let's say the price went up to where it was yesterday before the stumble. Your profit would be roughly $5000.00 on SSO and $20,000.00 on ES. So the bottom line is you get more "Bang" for your buck with ES...4 times the Bang or 4 times the bust...LOL
What software do you guys use for trading?
On TF the knife catching trick works if you wait on the pivots. I would say that 9 out of every 10 times the price bounces for at least a few points at every pivot.
Commodities were getting killed but it is all about a strong dollar. Nowhere to invest except dollar right now. That trade seems crowded so a bounce in equities to shake off the weak is coming. I will wait and short a bit higher. I am playing for small bounces at pivots and TL's.
BTW TF pivots at 686 (EXACT TOP) and 666.6 (real close to the bottom)
Low so far of exactly 666...lol
650-660...1084-1094
Thank you sir...be nimble today. We could get some real fireworks later. It's setting up for a big winner take all battle.
No more stopping until 4:15pm tomorrow
It was at the MARTA station in Buckhead and all is OK now. Just some white powder. A prisoner had sent it. I guess they though that prisoners had access to anthrax...lol
What package? Oh I see now
For now...Yes
Fixin to wander for a few months this summer though.
I would be doing the same thing for sure. You are on the right side of the trend and that is the way to play
I wish you well...really
My losers are every day. It is rare when I go a whole day without a loser. I can afford to lose here on this trade. I have actually had the best 7 - 10 days I have ever had.
75
Wound up like a spring too.
Fixin to find out. Here she goes.
75
679.80 and 678.8 hold the key. Support pivot and floor trader pivots reside there. Adding here again at 681.20
1118 on SPX...1116.75 ES on daily and 60 min
Upside down H$S forming as well.
75
I took that one off my screen and am using the one after it because I think it wasnt as reliable as the one that followed. Both ES and TF bounced right off the one I am using (or within a single point)
That is why I am continuing to try longs here. Adding when we cross 687 as well.
75
and at 681.4 for an average of 685.2
Buying at 689...eom
Correction over...Bottom in and this ABC down done. Down overnight...maybe early tomorrow and then we scorch up from 680-690 and get near or above the daily DTL.
75
Hehehe...1219 was the exact bottom for now and I have lots of buys on various time frames showing up as well. No shorting Gold till some of that consolidates.
1219 looks like where to cover the second half. That would be a nice 100% ABC.
Could easily take 12 to 14 points of profit off the table here at 1224. 5 day TL is here so maybe take half the profit, lower stop on other half to break even and even re-short if TL gets broken.
75
1236 already...bounced hard. So anywhere here and a few points above / below should be a good spot.
75
I posted that it has been for a couple of days but now it is already at good support (1225) I would wait because it should bounce here and then see what happens.
1233 or 1239 may be a good spot to try.
75
6:00pm Sunday evening for most including $SPX and $RUT e-mini.
OK it's 4:00 and the covering is done. What happens here?
If they are offering shorts a 694 I will take it.
Maybe...
It has the legs
Last chance pivot on TF...buy or bust 688