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Monday will be really ugly. Big down day.
Short QLGC
Or is the bear back in hibernation?
Mac, heard someone say the RIGHT airlines like JetBlue and Southwest could be solid plays as fuel prices come down.
I am bullish for year end. What I think is there has not been a capitulation. I think it comes in the next 3-4 weeks. Maybe I'm completely wrong though!
It's never easy. However, I think was an oversold bounce and the weakness will continue beginning tomorrow.
Early. 10200 should be the Dow top
SHORT NOW! NAS 1945, Dow 10135 S&P 1150
Wait until late today to open your shorts. I think we close near the highs today and tomorrow and Monday will see some significant downdrafts. You can see with this open today they are hammering the novice shorts that are getting in the game now.
I am still short MGG only at present.
My target for the S&P is 1100 or thereabouts by the first week in May.
Estimated. From what I have seen. You appear to also not be speculating, but rather following a defined system. That to me is not speculating. I am seeing others on both boards that do not seem to be utilizing a strategy, but rather throwing darts.
Interesting. What negativity are you referring to? I too love trading. Can't you tell? The speculator is the one who fails, my friend. You should know that if you've been trading for six years! It is the speculator that we seek to take advantage of.
Once you are in a position to not have to work, you are no longer speculating.
Trading the market is to each his own. But I've yet to ever meet a happy speculator.
An interesting end to one of the greatest known speculators:
Jesse Livermore had a less happy time. He lost an estimated $32 million anticipating a bull market which never arrived. In 1934, Livermore was declared bankrupt. He blew his brains out in the washroom of the Sherry-Netherlands hotel in 1940. The note he left behind, repeated over again: 'My life has been a failure. My life has been a failure...'
Just curious are the posters here exclusively professional day traders or do you all have other sources of income?
What comment are you referring to that is in "right field"?
What? Why are you jumping down my throat. I'm not saying you shouldn't short. You seem a bit sensitive today Estimated Prophet.
I have read both your boards, (not every post) including this one. Just making an observation that this Doosh board was born right near a major sell-off. I think everyone will agree that it would have been a much better market to short when the DOW was making an apparent Double Top at 10700 or so. Best time to short traditionally has been spring and summer!
Good Luck man, and Peace!
Just seems like the DOOSH Board was born at the bottom? See GOOG, EMC, INTC. These are big names that are rising big off a deep oversold market. Maybe shorting the rally will be the thing. Who knows.
Careful on those shorts lads. YHOO and INTC reacting very strong right now. Semi's could be hot tomorrow.
short mgg boys........
DOOOOOOSH. HAHAHAHA.
Glad I missed the fireworks today, Hell of a gut punch to my BIPH position. But I see that NGPS rallied nicely, and it is above the neckline. 22 should be seen.
I'll have to think about my BIPH holding tonight. May have to dump it tomorrow and walk away. Dang that pattern looked so good a couple days ago. The pattern appears dead and broken now.
JB. I was interested in AIR as a cup and handle pattern. But it got "shot down" he he.
The pattern really doesn't look that inviting to me as it stands right now.
Shorting is like opening Pandora's Box. Nothing worse than trying to play two sides and being wrong on both.
Be careful.
NGPS commentary. Chart hit the H&S target at roughly 18.85 on the hourly this morning. I picked some up on the turn at 19. I know its not quite the pattern for this board, but ANTP is running nicely today and I believe that NGPS is a high probabilty to return to the mid 20's.
The neckline on the hourly is about 20.15 and if that level breaks, I think 22 is a good shot.
Just curious on why you use the 20 day average. Clearly no relevance to it.
Hidef. You played that ABP spot nicely. I recall you selling at 3.30. Very nice trade.
LTG. 20 day ma? Appears to have no relevance to me. If you played that line you would have never been in. What's yer angle?
BIPH is right at the lower trend line on the hourly. Needs to hold here or it just makes me less excited. The daily chart still looks fine. But could be an entry below 2.80.
ABP in range or Dooshing?
BIPH> Take a look at the BIPH on an hourly. This thing looks ready to explode. I'll be very surprised if we don't see 4 very soon.
Check out this BIPH chart:
KABOOOOOOOOOOOOM!
Re:Hidef
I went in with 12k. This should boosh up next week. That ascending triangle looks sweeeeeeet. When this thing cracks that top line of the triangle, she gonna blowdafucup!
Let's DO IT. I'm on the BID...GO BIPH!
BIPH break of $3 you gotta be in. IMHO.
Looks like another ascending triangle is forming very nicely. This will see $4 if we break that triangle out. At least that's my interpretation of the chart pattern. But who am I? I am sitting here smoking crack, and freebasing heroin, I also just downed a quart of vodka. Long story short, BUY at youse own RISK!
EP, what do you mean "it's over Rock for cup and handle"?
I'll wait til you get your 18 in for response.
See chart:
Regarding the cup and handle pattern. Assuming that AIR meets the criterion of a cup and handle, uptrend, correct handle etc. is the ideal buy point at the the base of the handle or do you wait for the break of the cup for best entry?
Thanks.
Cup and Handle discussion.
Take a look at AIR chart on a daily.
SHmolton. What is the stock you guys are talking about. Now my curriosity is getting to me! Can you post it on the 'Poles Boom board or just post the symbol so those interested can take a look at it?
$3 acting as a lid on BIPH.
? What's goin on here. I love a good cat fight! I missed Shmoldons post! ;)
What did he say to get removed?