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Ya, the Genie Oil is out of the bottle...taking the market to new highs...
2bit
Fox et al, what do you think, it may take a briefer before it advances again....I sold my calls...but there is a chance it will continue up...definitely no shorts...
2bit
OEX target 540
2bit
YRT1
EMA, ALL time frames...
2bit
YRT1,
All time frames...7x20
2bit
Denmo,
Interesting you mentioned an R3 Thursday, it may be a buying opps, I see an up week first week, though it depends very much on ISM, construction and employment data
2bit
YRT1, happy New Year to You too..lets say we will Ka-Chings like NM next year....I am seriously studying the devil NDX options for next year...it is not for the faint of hearts...wish us all luck...
2bit
Yes and No YRT1
Lets just say it has potential. To illustrate what I mean, look at how RIMM does it. RIMM broke out of EMA50 and retested EMA20. When EMA20 crosses EMA50 then it is "buy on dips" time for the stock.
Can you visualise it for GS? look at how it was stopped exactly at 168.84 by the EMA50....
YRT1,
My 2c is if price is not > 168.8, no deal, trying to guess a bottom is a futile business. For all I know, it could hit 168.8 and turn down to the abysis. Why pick something that is below EMA50...there are so many others above...besides as you say it is a devil...don't play with it..LOL
2bit
YRT1,
I respectfully disagree about early entries...not necessarily best rewarded but most likely losers.
GS buy zone is when price > ema50, macd > 0.
now it is in sell the rallies zone..price < ema50 and macd < 0.
You can see the minimum buy is price > 168.8 and hopefully macd > 0. else you will be holding the bag falling into the black hole.
2bit
YRT1, not so fast, the buy point is above 168...
2bit
same to you Rab,
2bit
Ka,
Have you heard that the best indicator is a ruler?
2bit
We found talent here,
Happy New Year to Hook et al...
2bit
McClellan Oscillator...
2bit
ok I see oil and gold breaking out...the market will be heading up...
2bit
YRT1, Blasher,
Not sure it will go down that much...514 cannot be violated if the bull flag is to hold....else the flag will be flying 1/2 mast...& the market is dead...LOL
2bit
try 535
2bit
The momentum of the A/D issues has propelled upwards...if nothing else this should be a confirmed breakout to the upside..
2bit
XLF broke out and up of the descending wedge as expected and OIH also broke out and up.....
2bit
Vous,
La vie est brêve,
Un peu d'espoir,
Un peu de rêve,
Et puis bonsoir,
Deux Bit
You, this is my 2c
OIH is holding its up swing. XLF is on a declining wedge and is close to a violent reaction up. OEX centers around a long term moving average support and for the past so many months it would not take long for it to be heading up again. No, I still buy the dips...there are so many good ones such as RIMM and OIH..the day after Fed day is almost always negative plus this is the time of the year where Tax sellings are done and ready for a XMAS rally. Don't be infatuated with the dark side. The market will need the bears to power it higher. I put in a sell order for my RIMM call options 3x my cost and will head for Montreal to enjoy a few days. I don't look at the ticks anymore. No, not a bear, I am still a bull...
2bit
No way...POT is on a sell my friend...
2bit
As long as I am making money...don't disturb the pot...
2bit
Go RIMM go...I am long RIMM and OIH.....revenue up 41% q to q
woohoo
2bit
Oil is holding up very good, despite all these....
2bit
I think the market will breakout to the upside within the next few days...
2bit
Kam & You,
Bull or bear, you just have to know what to long or short....I was long oil when the market fell yesterday...hehe....not incredibly stupid...
2bit
Foot, its a uni-brow...
2bit
Poops?
2bit
XLF is rising...there is another eyebrow coming to make a smiley face..LOL
2bit
Oh I am easy ...just do not understand why people would commit shorts when MCO > 0 and two days before FOMC....trading 101...you do not short...throw away your MACD and OB indicators...
2bit
It looks like I am the only bull in this board. I do not know what you bears are smoking...or I am incredibly stupid...
2bit
Bravo, I like your green shoot...
2bit
Now it is a buy...back to 520
2bit