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Jerry you got SINA near the session highs after stochastics were already turning down. the buy was in the 38.60 to 38.80 area you'd think a master class trader would not buy at the highs but ratherr at the breakout. SINA looks to break exactly where you entered. Your IPIX call was also right before the break down. Great work as a shorting indicator. NTES is already breaking down along with SOHU. Do you have real time charts? The 38% retracment for SInA was at 38.40 and the 50% retracement was 38.60. You entered at the 100 highs. A master class trader with a black belt should know better.
Picked up some June 555 DIA @ $1.00 and hoping to see a move up. July 40 calls @ $0.30 SMHGH, of SMH, Also the DIAFZ June 104 calls of DIA @ .40 and bidding for more here. Took out a subscription to stockcharts, so hoping it will be soon when I can actually reproduce a chart.
The best post on CYBX was from the Earnings Trader thread but I didn't listen, however I bookmark OJ as a contrarian indicator and Zeev as the right signal and learning who really knows the market from those that don't have a clue. I got on board too late and missed most of the dialogue not from any real prowess. My niche is euro trading an I'm usually up all night and now transferred to trading during the session. I'm still getting losses but slowly on the positive side finally (after following calls that were pretty lousy in TASR, SNDK and KLIC)
Threaders thanks for BSTE did really well from the break above 40 and got it here! If you know who is worth bookmarking you can do well with just a few posters. Might hold for 50 here (not all just some)
Picked up MAGS earlier and wondering if this breakout above the 20 dma is signficant and it might be held. TBUS and IPIX also broke out same time and I chose TBUS and wondering if it could finally break the resistance at 7.50 for the move to 8
CCL looking for some upside here as well before Thursday. I'm already long HDI which was been awesome and figure with the good fundamentals of CCL (maybe RCL as well) todays reversal might stick a while.
The posters like Options Jack (Jack be nimble) aka OJ are spending OUR MONEY and not able to earn their own or they wouldn't be so aggressive and desperate for our subscriptions. I have nothing intrinsically really against those that work hard (like those on tradingmarkets.com, breakouttrades.com or even pristine.com) but as long as they are not "in our face" on every thread and constantly bombarding with "awesome, sweet trades" ignoring the losers. IHUB should be relegated to FREE ZONE where posters that ask for money for their services should be alloted an area with other similar posters or made to post for free, and if not they should pay an 'advertisers fee'and posting in a separate area instead of constantly 'in my face' convasing for subscribers, insulting everyone, challenging for "give me a real time trade" Heck I don't ask for money I don't have to give a real time trade. I'm learning to daytrade better after being a futures and euro trader for years, I don't have to "challenge" the likes of an OJ to get a 'spot' and air my questions.
I do admit to securing scores of free trials and open houses (its just too easy) but have learned more in the few weeks on a number of threads here on IHUB than I have for 8 weeks of the free for all and combat zone that is pal talk. Now I thought the prices would go up on February 1 to $150 a month but since Febuary 1 has come and gone I assume its "get what you can" from who is willing to pay whether its $250 or the old price of $500 (to go up to $600 from February 1st) for a "seminar" which is also free by the way if you 'promise' to sign up for a month which is easily avoiadable.
Alex, OJ is the plague, disappearing for months when markets are down and all the semis and Asians are pulling back. No one takes him seriously, he's just looking for some newbies that are signed up of late on Zeev's thread and haven't been privy to the altercation when OJ was sent with his tail between his legs after annointing himself the BEST TRADER ON THIS THREADsave for Zeev. He ran to esignal, saying he would be leaving IHUB FOREVER (remember TIm Luke?) failed there and is only active when the markets are up, not having a clue what to do when they are down (except to exalting call "I'm holding long no matter what" when the Asians were exploding to dowside and TASR, ABGX IPIX and MAMA were pulling to their lows. Everyone knows him by now but because of so many new traders adding onto Zeev's thread daily OJ expect they won't look into the archives for the dismal truth. (another free open house, basically I've been free from early May and wondering if his present 'open house' is just to thwart traders from moving onto the superior site of George Zimm) Don't aggravate yourself, this guy's claim to fame is a back page editorial on Barron's.
He has no clue when or how to short and is only around the 'popular threads' where he things some poor patsy might go into "da room". Possibly the money is running out and its a desperate attempt to snag some poor unsupecting newbies into the lair of a poor trading strategy. I've been there along with dozens of others that have been "hit" with exuberant calls of upside since early April and have yet to get any gains.
This thread is excellent but keep your people marks to the best of this thread (Bearmove, Zeev,marketmaven, etc) and not the larvae hanging on to deplete the thread and suck out any potential monetary gains. Every thread he frequents turns into a fight club.
SNDK who has been feeding you ideas that this POS is going anywhere but down? You've been spouting that SNDK would move back to the 35 to 50 area but not one legitimate trader has voiced a confirmation. SNDK is dead. Leave it alone, there is not one trader confirming this opinion (at least not one legitimate trader!) You've already lost at least 5 points on promises and prognostications it would go up. Go back to your past posts and note who exactly has reaffirmed that bogus idea.
Zeev, Terrific move BSTE, wish I had an idea on this one. Will bookmark the excellent traders on this thread. Instead I had to wade through the junk called by the semiconductor afficionados and loud mouths with NO CLUE as to market movements at all. Live and learn!
QCOM short looking very good. Nice play! There is just so much you can get from QCOM and 70 seems to be the end of upside as we know it.
Mapleton, be aware the Master Class Trader OJ says "be nimble" and jump over the candlestick <vbg> and if you have no education ideas of your own, "borrow" from tradeideas.com http://www.trade-ideas.com/Company_Information.html
Sure be nimble! and be quick OUT before anyone notices the lousy calls to the long side. First its Long KLAC and a summer rally this week, then its be nimble. You should call yourself Options Jack. <g>
Why don't you buy KLIC as you said "everyone on this thread must own KLIC" when it was 15.50 and when it was 17.20. What exactly was the technical set up that got you long in KLAC? What is your target?
OJ Deadwood (2) and your other semiconductors? Your room is free again for the umpteenth time (8 weeks and counting) can't get a pigeon to eat your morsels? IMCL is up? What about all the others? What about the dozen that are down including the Asians (still long NTES, BRCM, TASR and ASKJ and NTES?)and you are 'holding do or die' How many bad trades can you brush under the rug without falling on your face? But then again, we're getting another in the unlimited amount of "open houses" so we can't complain. Not like its costing us anything <vgb> Comic interlude. I do admire your spunk though. What happened to the OJ thread, not enough newbies there to suck in? <vbg> Zeev's thread has more 'potential'. KLIC at 13.50 you will break even, so are you telling the traders here they must be long as you did when it was 15.50? I see KLIC going easily to 10 and your ASKJ breaking 35 to possibly 30, but of course, you're out and as always with a B-I-G profit.
OVTI Hope you have enough left for some cheap wine after being LONG AT 24.12 AND LOOKING TO HOLD FOR EPS DATE WEDS AFTER HOURS.
Just one question since this thread is really 'spoiled' Why doesn't Jerry Olson stay on his own thread and keep animosity off this and Zeev's thread. He stated he was going to leave IHUB and go off somewhere else and he came back. Traders should stay on their own threads and keep the animosity with their threads. Why neglect the OJ thread for the Zeev and ATJT thread, the answer is apparent and that engenders animosity. Trolling for subscribers does facilitate feuds.
PayPal ROOM name: "Trade w/jerry olson @ John (sharcky) Legresley FREE" I'm sorry I didn't want to 'get into a dialogue' on this thread and I was there all of 3 minutes, .. but I really am not looking to start anything since some on this thread are very sensitive to criticism and there seems to be agendas here that don't interest me. Password starts with "cy..." My goal is to try to watch some savvy traders on Zeev's thread and pop into some 'rooms' on Paltalk and Financial chat which are also free (in some cases you need to ask for a password is all) Too many traders calling too many trades so really I exited and I have nothing good or bad to say just that it was the same as scores of others. I feel that I can't post anything without posting in so-called 'real time so since I don't want to be insulted, put against the wall, or otherwise denigrated, I just post what I saw and did. Let's leave it at that.
Rich you are being hard on OJ, he has to start from scratch since no one is in his trading room which is now posted as "FREE", he has to garner up more newbies (for free?) for his paltalk room so he is spreading himself thin on 3 threads gathering traders and making an attempt to trade in "real-time" while we all trade in twilight zone time.
You should be more understanding, being an entrepreneur is not easy, especially when the best scalpers are congregating at Zeev's thread and have been for a few years now and sharing their strategies and trades without "da room" (I can't keep up although I'm more interested in holding an entire day at least)and is going to keep him on his toes. Make allowances, its not easy starting over (deja vu!)
Whoops sorry, I didn't know some traders here had real-time free rooms. No wonder there is strife, I didn't know what paltalk was, I downloaded it but couldn't get into any room that was advertised in the profile, and after hearing what is going on, I am not interested. They they should have called it "The Combat Zone" I trade my style I do go into cash but I don't go into all cash, but then that's neither here nor there. I casually posted here. I trade the euros in the early morning as well and the futures but didn't mention that as I thought this was a casual place to share ideas. I have seen many contradictions of certain posters here, (not AJTJ I like his analyis and charts) I have never thought it appropriate to question those others' contractions directly. I was wrong, sorry for the intrusion, argue away! This thread didn't used to be like this. I have lurked for about 2 months now and I didn't know rooms were attached. I guess I haven't been that curious really here for the charts, and analysis of the moderator.
Why the defensiveness? I don't scalp I said I was short the techs going on day #3 why do I need to post real time when I trade about twice a day? All I'd like is advice to play INTC tonight thinking of the June 27.50 puts. What is real time? Everyone trades his own trades in real time I just though I'd get some advice not ruffle feathers. I'm still short a number of techs but why real time? I'd still like advice how to trade techs from folks I thought knew their techs I'm not interested in many trades a day just a swing since i've been short for a number of day which I did state IN REAL TIME at 5.00 a.m. June 1 my intention.
This thread is for thoughts on market direction and charts, I didnt think it was a real-time thread, whatever that is anyhow. My direction is bearish on technology and I'm stating it but I'm thinking tonight its best to be out of shorts 'in deference' to INTC or just pick some puts instead of a complete short in the semis. I can't utilize the "chart" portion of this thread yet becaue I'm not sure how nor do I have the time to post all day.
Sounds like a political diplomatic maneuver away from the exact stocks. A little of this, and a little of that. Semis, and throw in an airplane or two and yes, also an oil stock or two. What exactly is rolling over. You said you were liking the semis and that they would explode. Whatnets are you buying? And which which dips? When will you buy them now or when the dip is over? This is either confusing or its trader subterfuge and very noncommittal. You sound like the update from briefing.com on which sectors were strong and weak. Oh well, I'm missing something here.
Didn't understand that post who is always right? These markets are difficult I would not advise anyone to read anything into a intraday short cover rally. Its hard enough being right long enough to make a profit! Most traders take the bumps and move on, but they dare not make prophecies, just take the plays as they come.
Strong day for shorts in technology but we of course covered. Dow was the better choice as techs are weak, but covered INTC and a lot of semis. Looks like YHOO is deflating as well. More short set ups for tomorrow as I would not be holding technology tonight either. Some long in ES04M for intraday upside but not holding overnight long either. Shorts cover and daytraders make a profit for a hour or two and the cycle begins again in the morning.
Another good down day, as I said yesterday at 5:00 a.m. I expected the techs to fizzle and yesterday later in the session, you can't have a general market rally without the techs. SMH daily chart just broke the 50 ma with a strong move down looking now at 36.50 and a host of tech shorts. INTC among my shorts for now.
INTC still short but watching after hours and in the morning. To me the chart looks like (I can't reproduce charts yet but I'm learning) Friday's reverse hammer and confirmation today at a lower high and lower low and looking for it to take out 28, but otherwise i'm in cash overnight. KLAC and SNDK look anemic and if SNDK takes out 23.50 it looks doomed. I agree the 'nets were good and I picked some off the advice of another thread which was good, but didn't hold those either. How are you playing INTC through Thursday. Don't you follow the financial sector and indexes for clues of breakdowns? Is there a place you post your chart analysis or is that on your own thread? This thread seems more for general market direction and Zeev's thread has to many trades, posts and ideas although no doubt some are excellent its information overload.
Saying the semis didn't join is like saying you went out for a stroll without your feet. Short cover rally, I was short the semis much of the session, so if there hadn't been the short cover rally, the traders that 'exclaimed' how great the close was would never have appeared but stayed hidden from view as usual. I prefer to enter into cash nightly I have seen nothing but 'after the fact' cheers that were not around when the market was tanking today. If the Semis are gone tomorrow the few 'bargain hunters' today that came for a little cash, will short a morning rally again.
If things go well Thursday's INTC report, we have to deal with the Friday economic report, I sure don't see clear sailing ahead as easily but like I said, when the coast is clear and the horizon can be seen, after the storm has past, the survivorws yell "hey there mate great weather we're havin aint we" while they've been heavin' their guts throughout the storm.
Called the pullback for today and that's what we got until those that shorted covered, as far as the semis i'd like to see them up also but will wait for the clouds to disperse before I take them too seriously or anyone else who spouts their virtues.
Okay but then where is your "rally"? How come all those that are short into today did well and they had more on their minds then the chart which by the way easily saw this shortable bounce. I guess this is the rally then? Fact that we're pretty well stocked with puts and shorts, means we could have gotten them at radio shack! No, I don't think so. There is no security issue, no problems, everything is great so where is the rally? All I see are more and more shorting opportunities of which I warned before today's session began. Back to lurking!
So then the trend is NOT determined by the geopolitical situation, or external catalysts but rather by the squiggles on your charts? Your trend is already predetermined by outside forces and once market direction analysts have figured that out, they won't be forcasting disparate trends day in and day out. So where is the morning rally that some traders were forecasting? If there is no rally, will it because some technical chart hit a landmine? I think not. Too many traders try to determine the trend based on absolutely nothing more than a chance bottoming after steep drops (i.e. bear flags in downtrends) They get caught up in bear flag pullbacks shouting 'RALLY!, RALLY' and then have to disentangle the mess into which they stepped.
I fear the "noise" which you are filtering out is the noise of reason, sanity and cautious trading. Will you trade that for "BUY, BUY, BUY" we are rallying!!
We are basically already overbought with low volume low buyer sentiment and lack of conviction heading into Friday's important economic report and we haven't even digested the ramifications of the oil crisis or the security issues. Good for you if you see any gains above 2020. We might be range bound for all this month between 1950 and 2020 so where is the BIG RALLY? We might remain "trendless" indefinitely and at the very least through Friday. I'm glad I have my put positions on all the indices especially after the SOX is up 7% and the Nasdaq +4%. Prepared already for the pullback that is to be and would never be long going into such a weekend as this.
Totally agree. BETWEEN a ROCK and A HARD PLACE We'll probably be in sideways market market with risk to the downside until Friday's Jobs report whenever trader's expect a blowout, the reverse occurs in the market especially combined with too much overhead resistance (technical outlook) Expectations are set so high, they are not likely to be met. If they are NOT met the obvious disappointement will take its toll in the market prices. If the number did come in very high say above 500 thou, that could be met by an overnight rate hike. Even before the numbers we have Oil prices, Iraq and the second attack in less than a month on Saudia Arabia, the world's top exporter of crude. I applaud those that can see through all this and provide any opinion of market movement that takes only a few squiggles on a chart as their only mantra. I certainly more than that to determine what I buy and what I sell at least for more than 3 to 5 minutes.
Okay so now that the worst (part I) is over and everyone can breath a sigh of relief so the market is likely to rally as the first lead ball finally dropped (its hovering overhead all this time on a shoestring) and heck everyone wants a strong economy anyhow. THIS IS NOT ENOUGH: How about if the number is considerably below the estimates the Fed will once again do nothing and we can rally. If you can see all this impending volatility in your charts, great, most can't unless they are crystal balls. I would still expect rallies to be sold until the end of the week (upside will be shorted) This next week can set the stage for the rest of June but then the sectors themselves will have what to say fundamentally. I would be looking to sell rallies (whoever has the guts to actually call a trend this early based on chart patterns is deluded) until the jobs report. There should be some good short candidates out there especially in the nets, semiconductors and companties like INTC about to
LG, "but anyone that was receiving my now discontinued email updates was apprised of my expectations", Why were they discontinued?