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Be, I think it deserves some serious studies...as of writing...Dow futures down 100 points....
da 2bit
One blogger's study of trin below 0.6 predicts a big down day tomorrow....will see
da 2bit
It never fails.....
More downside to come...I guess Ed Down's 400 Dow points coming?
da 2bit
http://img519.imageshack.us/img519/8721/jul1008er6.png
It never fails....
da 2bit
http://img148.imageshack.us/img148/3848/jul0908oc8.png
Oman,
Ya making a buck is not that simple and easy...I see that you are doing well...in and out...I am eying OIH calls...I think it should rebound....Iran....hurricane seasons and all that...
2bit
Be careful about jumping into longs too quickly....capitulation is yet to come.....the last four bottoms were identified by VIX spikes, 16Aug07, 21Nov07, 15Jan08 and 17Mar08.... something is not kosher here....
da 2bit
Folks,
Does this look familiar???
Da 2 bit
http://img512.imageshack.us/img512/4724/jul0808ph3.png
Hey, Oman,
Careful about that recliner of yours, u may be shorting a rally or longing a sell off...depending on how u look at the labtop....LOL
da 2bit
I guess u guys are looking into too much myth about the market created by NM....
Futures down 14....if u look into the Fed's statement there was a heighten alert on inflation... look at what Buffet said not Bernanke ......It will take a miracle to turn this buffalo around......
BTW, just wonder what NM would have flared in the past few weeks....it separates the men from the boys.....
good luck Gleno
da 2bit
One more Nike......down AH
did anybody find anymore?
da 2bit
IBM, AAPL, RIMM, ORCL, GOOG all down AH...
figure out what kind of day it will be tomorrow...
da 2bit
Hey Foot,
We are all getting there....I do not do work out, but run...minimum 2km a day and then sprint...to work my heart out slow down, pump, slow and pump....just like the stock market u know....if Tim R had constricted artery, his pulse should tell....I measure my pulse, weight every day and sugar level frequent enough....with dietary control too....no fat, no carb, no sugar, no red meat, and of course no smoking etc....right now I have a runner's pulse.....
well options for me is the only way to trade, if u force me to trade QID, QLD I would go for their options......
Happy Birthday to u
good trading to u
da 2bit
Footsie,
I know ur good at those technicals, just wonder what do u trade on spx...futures or options? U know I only trade oex options and the reward for the buck is just phenomenon...that is if ur on the right direction...
da 2bit
Gleno,
I thought u were still short from this morning...couldn't keep track of ur posts...good for u, if u can call every target...
pretty face?....will have to wait and see... good luck
da 2bit
Gleno,
What did I tell u?
da 2bit
Gleno,
ur probably right about HOD....then u have to get out of QID before eod.....
good luck
da 2bit
Ha, the perma bear...
Gleno, remember if it holds today the trend has turned...why are u killing uself....I8R
da 2bit
Hi Two,
My 2c is this is the high end of the day based on pivots. I am already in and out and done for the day. Will probably do it again on Monday....u may be right about eod rally but remember this is Friday and is 50/50.
good luck
da 2bit
Footsie,
U always say shorted SPX such & such, what instrument do u used? options, futures??
da 2bit
Reverse H&S???
http://2cents-oex.blogspot.com/
da 2bit
Best vice presidential candidate for MaCain,
(1) In order to continue Bush's policy for anthoer 4 years
(2) To remain in Iraq for another hundred years
(3) To get the woman votes
(4) To get the black votes
None other than Condolessa Rice..LOL
da 2bit
Folks, this is a very good read from Investorvillage...
da 2bit
http://www.investorvillage.com/smbd.asp?mb=6863&mn=2691&pt=msg&mid=4933880
Footsie, Ur right the Yen rules....
da 2bit
Ya, Learn'n,
that's all you need. Emotional is the biggest enemy...
da 2bit
Oman,
LMAO. "Jack of all trades and master of nothing?"
There are many who trade on pivots or CCI only and very successful. We should have a contest here at the board.
You are allowed one indicator of your choice and nothing else.
2bit
Gleno,
Cut down on your indicators. It is very difficult to pull the trigger if you got so many indicators and all of them by the way are lagging. I just use pivots, channels, Fibs and a few high probability signals. Remember the price is the most important indicator.
da 2bit
Gleno, don't fight it, Fox is right...
The market is turning up from here on.... for the near term..
da 2bit
Hold ur shorts...
it ain't getting any better...........
http://img406.imageshack.us/img406/431/cpcjun0408zm7.png
da 2bit
LBI,
Leaving profits on the table is very common. I bet all of us have the same problem. Not only that, many of us cannot overcome the psychology of getting right back in if you realise you left the train too early.
My 2 cents, like Blasher said, use 5 min for entry/exit and zoom out for trend using say 30 minutes.
I exited today just about the time you guys did. But the 30 minutes show down trend was still intact and I went right back in to grab the profits from the table. Not as good as the original whole nine yards but just be thankful that no money was lost. Also, bear in mind if you can come to the realization that you can only catch 70-80% of the move counting into slippage and other obstructions, then you are one happy person.
Good trading to you.
da 2bit
Bulls are toasted...
http://img228.imageshack.us/img228/3526/cpcejun0308ai2.png
2bit
Lefty and Mrnatural,
Interesting you guys can see that far. Me just anticipate rally to the first week of June....perhaps I need my reading glass....
da 2bit
Footsie, Is it all about the Yen....
More market upside, u say...
http://img67.imageshack.us/img67/7818/yen29may08js8.png
da 2bit
Shorties beware,
Dell shares jump 10% AH....
2bit
Hey Lefty,
Good post. Over the years I find it everywhere. I think it is the preference, just like right-handed or left-handed. They always do it one way irrespective of the trend. Psychological I find shorting punitive in nature.
da 2bit
Fox, didn't see ur post until now....It is all Gleno's fault with flooding of posts LOL....
I only trade OEX options, my take is, it has to break through 639 where there is a confluence of averages then it is clear to touch 645ish, being Fib 628 area. Approx. SPY 139 then 142 after that it will probably turn down from there....albeit very bad news...
good luck
da 2bit
I see the Nasdaq leading the reversal here. This morning it was tri-star in the south and now it is a full white soldier. Guess we shall see...
da 2bit
Two/Fox,
I tend to agree with Two, you see the result of R3 of May21 today. A bounce is anticipated next Tuesday. Coincidentally, Bradley turn date of May24.
da 2bit
Foot, u've done it again...
da 2bit
Foot, the OBAMA turn...
http://img517.imageshack.us/img517/6303/obamaturnau6.png
da 2bit
Yes Learn'in
I took a cash position by EOD....
da 2bit