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Bear here, 1-3 months ..eom
Kenwong, vote for
c'mon brudda, please, no new moderators, but ya may want to remove Michael Moy (he is mia). Its a nasty job, just right for you and the woodfish. You have the office experience.
so what, just cause some of us/me disagreed with your recent decision. I believe it is the duty of all members to speak their mind. After the week-end, we will move on to the next subject.
2X-Be-Me, SMH pattern
smh update
blue line is resistance
the short red line is support
lower red line is h/s pattern confirmation,
if smh breaks full candle above blue line, the pattern is voided, (that part is easy)
the hard part is identifying the neckline break-down point.
downside target is $32.50
FREEMARKETS!
you are not innocent, i know pokersam had it coming, but you kept throwing.
I will petition the high counsel to pardon your evil deeds. But when you come back, ya need to chill, and i mean CHILL! Stay focus on your views and not on the ones that irritate you.
re; Kenwong and Woodfish
sorry for the add-on
yes, that message was meant for ALL but i was really speaking to the moderators.
!!THERE ARE NO CLEAN BOARDS!!
UNDERSTAND IT, LOUD AND CLEAR!!
There are no clean boards!
This board has been very professional and quiet since the 3strikes rule came out. I am pleased it has gone this long without major disruptions to the group.
Do we all remember what it was like before?. How about what it was like in other boards. Or better yet, how would you like to be in a board that has all bears or all bulls. We have a good mix in here. Heavily regulated boards will constrict freedom of ideas.
We need tolerance for fellow members (among other things). But there are no clean boards, because traders are people and people are emotional. Thats a fact. Thus we need an outlet in our community (a relief valve). Its called After-hours Forum. I know some of ya have been listening to me. You have been courteous & professional during business hours. You left the hollering and sniping in after hours (just where it should be).
So lets be clear on that. There are no clean boards. And when you're in After-hours forum, keep your punches above the belt.
re; freemarkets, aint right.
maaan, that aint right, i don't like it....
i know the last few weeks he was a pain for ken & PS, but he wasn't doing it during business hours.
re; SMH h/s pattern
ok! one more day, for h/s pattern...
the upside number to break and hold is 37.31 and will void the H/S,
downside number to confirm H/S is 36.75 for break and 36.40 to clinch,
re; plus what cad said too.
i just now, read what cad said, yes he leans to the top side.
but i did notice he left the break-out open...
Little Chico, following the hourly chart
i really do think current trading is favorable to hourly traders, until a daily trend (daily macd) is established.
lol
re; Bear Den Barbecue
whats on the main menu 'short ribs' :o)
truly wish i could join the barbecue, but as you know i do not short, still can't get the (mental) part of it.
current market conditions do tell me, its favorable to daytraders and not to trend traders. And, with a slant to the downside. It truly is obvious to me, direction of slant.
and to all, sentiment is the same as PS, but home-work is independent.
SMH h/s pattern (chart)
here is a copy of my smh view at cs-group
I need one more day, tomorrow really will tell on smh H/S pattern. And, does not matter to me which way it goes, tech up-side is limited, $NAA50
1, blue broken line is support,
2, red trendline is per chartpatterns.com
SMH h/s
SMH h/s pattern (chart)
I need one more day, tomorrow really will tell on smh H/S pattern. And, does not matter to me which way it goes, tech up-side is limited, $NAA50
1, blue broken line is support,
2, red trendline is per chartpatterns.com
SMH h/s
re; MRVL up $2.00 in AH
there goes my SMH h/s pattern,
$NAA50 downside
NAA,five-0 is at the top of chart, which way is it going next?
This is supporting evidence for downside movement in the nasdaq,
sorry no image just a link
http://stockcharts.com/def/servlet/SC.web?c=$NAA50,uu[w,a]waclyyay[pb50][vc60][iUb14]&pref=G
Current Plays
here are a couple of plays i see happening.
1, QQQQ, trading range, follow chico/nocona hourly rsi
2, SMH, add long and cover if it breaks lower line, means H/S pattern is true.
3, SPY & DIA are buy the dips, follow stoch and macd
Position change
cut jnpr for a loss $#%!
position is cash
re; techless rally
right, ALL index's need to participate in a true rally.
i say; for those focused on DIA & SPY, take it as far up as you can. cut it loose at obvious signs of trouble. The up/down .015% in Q's means nothing to me. I will be in the next tech rally.
the downside;
1, $naa50 is at the top of the chart
2, weekly $nasi is on the down stroke
3, daily $nasi was up today, but i do not see it trending
4, smh is showing H/S pattern with downside daily stoch and daily macd, tomorrow will tell if smh breaks down, INTC got a downgrade.
5. $comp is still inside its bullish flag, no break-out.
All, Techless Rally
All & Pokersam
Jan-April of 2000 we seen a tech rally with-out S&P, then S&P DOW rallied while tech crashed. Then all crashed.
The question; (all things being possible) what is to stop the S&P/DOW from having a techless rally, 2-3 months?
SPX double top (chart)
spx chart showing resistance lines, a break above these lines could cause me to change trend bias. and look for upside supporting evidence.
$nasi weekly (chart)
Sector Rotation
I truly do not like sector rotation. Only cause i chased it.
but the good questions are;
1, what happens during the rotation?
2, what happens after the rotation?
3, is there data on market conditions related to rotation??
ok LisaAu, smh direction?
where is smh/$sox going? you are a semiconductor trader so forget about the $comp and ndx. SMH, which way? up/down?
sorry, allow me to introduce myself,
i am torqputty, amateur trader from the csgroup. my market view is to the downside based on NDX and S&P 500,
if anyone is focused on semicondutors, its you. right?
POKERSAM, smh,
it truly is the closest pattern to H/S i've seen, but brother i truly do not know, it was just play.
however...if it is true, the questions i would ask;
what supports the pattern? divergence? macd? weekly chart? semi-conductors fundimental break-down? semi-conductor heavy hitters getting ready to break.
and if you figure that out, ya better post it, with no bias.
^soxx
http://finance.yahoo.com/q/cp?s=%5ESOXX
CaribbeanJim, i see the 2200.
based on the $comp weekly symmetrical, is that what you are looking at?
lazy comp chart
http://stockcharts.com/h-sc/ui?s=$COMPQ&p=W&yr=2&mn=3&dy=0&id=p34665320600
Trader Recommendation
this is for amateur traders like me.
I encourage all in the I-Hub group to scan thru public charts on a daily basis. Use dsl or cable, activate virus scan.
You all know the symmetrical basics. So scan thru public charts and pick 2 technicians, 1bull & 1bear. Pick minimum 2 charts you relate to. Then go in direction of the breaks. The minimum you will get is, learning.
The trick is; NOT to have a bias when you have scan. think outside the box (easier said than done)
last advice for the day; eliminate board noise, chico & nocona are examples of traders that make little noise.
lol and good trading
POKERSAM, bear crumbs
your bear(pic) has crumbs around the nose, musta been a real good lunch. If you say bull steak, i'll shoot that bear :o)
Keith, thats not even close,
i have seen everyones so-called hs patterns, they were all lopsided (very disgusting). Todays smh is the only pattern that truly resembles one. I'd drawn it just for fun and we'll see where it ends.
Patterns & Market View (comment only)
scanning thru public charts i see different patterns emerging, bullish flags, bullish wedges, trendline break-downs, resistance break-outs, macd up, $nasi down and my favorite SECTOR Rotation.
So what does it tell me?
It says there is a no clear trend in place, its says wall street does not know which route to escape and it says take your profits quickly. Conflicting indicators plus Sector rotation tells me market direction is down until the bull/bear battle is over and until we get an un-obstructed view of upside.
lol and happy trading
re; QQQQ weekly stoch (chart)
sorry its a re-post
the main message on that post is; there is no rush to add long positions on 401k (longterm money). If there is nasdaq upside to 2600, it will be obvious. YES we/me will have amble time to adjust position.
woodfish, booyah
i like that cylinder and would have been better if the right side of the screen wasn't filled with I-HUB spam, so i saved it to the desk top and BLEW IT UP.
SMH pattern, (chart)
what kind of pattern is this?...
Keith K, bull flag,
when do you add long? at the lower line or when it breaks the top-side?
Keith K, stoch
stoch, i find it useful to support current trend.
and thank you for the channel view. I'll be looking for a break or bounce off the lower line.
QQQQ weekly stoch (chart)
This stoch tells me i have time to wait before adding 401k to long position.
I'll be looking for the weekly fast stoch to show upside intentions. Then add.
S&P spikey candle (chart)
S&P is the heavy gauge for direction.
Looking at rsi-5 break-out and todays spikey candle tells me we have a downside direction to rsi-5 <30.
The pattern that will negate my downside call is a symmetrical view (if you have one) or double top break-out.
this call is good, if indicators hold by closing
Be-careful
of those that have all the right answers,
lol brothers...
Freemarkets and sector rotation
I scanned thru public charts and seen telecoms and defense sector trending up (among a few)
So let me re-phrase my view. Yes, there is such a thing as sector rotation, happens every year.
My experience was, 'I chased it'. Just like individual stocks, its good if traders were already focused on it, but should not give chase half-way thru the break. So if traders are already there and focused, then pull the trigger.
lol
kenwong, "snipe" and an "attack".
seen that too, BUT...
its after hours forum and there were no other complaints filed. Those two have a longterm love/hate thing going.
Also, (since 3strikes came out) o/t disruption during business hours has been minimul to non-existant, objective met.
Pokersam & Bear Mode
I'm not a bear, and don't necessarily see your downside.
make some room in the bear den. Just don't be eye-balling me.