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NM,
Watt da lengthy massage! Me humble da 2bit could'nt help but say da few words.
Da might just be the da boyz game. But watt da hick! watt manifested to us humble creatures are known as accumulation/distribution and up/down MACDs. Wee jute follow the ride and made r humble 2 bit jute the dame!
Me only use mental stops for options by the way....
da 2bit
Oily,
Since ur MIT calibre and ur imagination is quite vivid to say the least. Me mediocre option trader can only see it when it comes. I was out of shorts at about 1.30pm yesterday when S1 and below was reached and ya, like u say, 1500, the greed came in and short sellers piled in. If u have real time options monitor, an R3 was more than likely around 1500. That was when the reversal happened big time. Those people with lots of greed were bound to lose. As u can see hard experience and no imaginations needed ....
da da 2bit
Symmetric Triangle broken to the downside, expect OEX to restest 617ish where it broke down from (if it gets there, very weak) and then kiss it goodbye...
da 2bit
OMAN,
Pot breaking out, see how it closes today. inverse H&S
2bit
Hey,
there is always Viagra, if you got the money...
da 2bit
More sellings to come next week...
http://stockcharts.com/c-sc/sc?s=$OEX:$CPC&p=D&b=5&g=0&i=t69756674100&r=2887
da 2bit
Oman,
Macau or Shanghai short it (only if 110 holds), even POT will be a short soon...
da 2bit
OMAN,
WYNN is down turn, unless u day trade it.
da 2bit
Ya, Blasher
It was a good memory. Every customer was assigned a desk and I used to know the broker by first name, say Paul, "can you put in a March emini future contract for me, and by the way when it get filled put in a stop at such and such for me." They would even call me back when filled and watch my back for me. Unfortunately they were bought by that crooked company and that was when I got out. Good old days and now it is faceless computer trading...
2bit
Farooq
I have traded futures as low as a few hundred dollars, but they are Corn futures....still remember Lind-Waldock??
da 2bit
Folks, a gift for IHUB
Potash - potential reverse H&S, a power play in option, very profitable
Da 2bit
http://stockcharts.com/c-sc/sc?s=POT&p=DAILY&b=5&g=0&i=0&r=6421
I think those are penquins LOL
da 2 bit
Foot,
Nicely said, but like the market, should work both sides, with no money, u live on the streets, how da u give, what da u give? u would be very unhappy with no money to give, ya ur passing through this world, but some have warm beds, ur cold and hungry, da unfortunate...ur long the market when it da falling, and short da market when it da rising.....what da u do???? we are stilling thinking too much about da green bags...
just my 2cents from da 2bit
Gleno,
It is better than to give it to the market, at least ur grand kids would say thanks...
da 2bit
Ya,
Depends on how it closes today, u might have to reaccess the situation if it falls out of line...that is why pivot numbers are important...
good luck
da 2bit
Foot,
Romney vs Obama?? A mormon vs a muslim? What happens to United States of Ace...
Da 2bit
NM,
Whatever suits u, me no judging others style, as one porcupine says to another....ding u got da drift...
da 2bit
Foot,
there may be a slight pull back here, but the weekly gives a strong long signal and the monthly just turned positive. As least this is what I am trading on. I cannot trade like Gleno and NM, every minute and every day which drives me nuts. My own research is if you are on the right trend, buy options one or two months out and you will have profits. Case in point, my OEX 700 puts back in Dec07 had given me 7 times the money by expiration. So why bother nickel and dime everyday...
good trading to you
da 2bit
Foot,
Ed Downs' fulcrum method is good but his break out method of trading is a joke. The Dow came down and up 1000 points and he only made a few bucks.
2bit
Hey NM,
what da ...line speed ur using ... 1bit?
2bit
Hey Foot,
people will pay for anything, I am sure you can start one Footster subscription service. Even Cramer has one...LOL
2bit
Da 2bit weekend update...
http://2cents-oex.blogspot.com/2008/02/weekend-update.html
2bit
Yes Oman,
Could not agree with you more, GOOG will bounce with the market and the shorts will be burnt...
2bit
BE,
I think what NM is doing is not suitable for any of us...nobody can trade the way he does. For entertainment yes, for subscribing...no thanks....nothing against you NM
2c
From 2 to TWO,
u think like a Republican, non?
2bit
Ya, Oman,
Normally the first 15 min determines the high of the day, albeit strong trend, especially when playing options, this is second day of rise before FOMC, the rest of the day is pissing around....I rather go out have a walk...
2bit
All in cash, out of da longs. Dow 12500 is not that easy to break, needs Fed's help. Not playing Fed day. NM, Foot, Oman, Gleno...take over from here
2bit
Hey Foot,
Not that I want to advertise my blog but I find my blogger makes it easier for me to upload images..such as charts and hand drawings on toilet paper. But thank you just the same.
good trading to u
2bit
Bravo, Da 2bit,
http://2cents-oex.blogspot.com/
2bit
Bravo, Da 2bit,
http://2cents-oex.blogspot.com/
2bit
Hehehe...
da 2bit
Ok Foot, NM
Here it is...at the crossroad...
2c
http://bp0.blogger.com/_a7TpQ3KhnQs/R5yyMlTMTvI/AAAAAAAAABA/8qudOMf-Ufk/s1600-h/AdobePicture.bmp
sorry trading is an art not an act...I am drunk already...
2bit
NM, Foot,
Holy nickels, NM da long message, ur talking stats and me hobbies. Today, me going enjoy meself, will response to u both using 2bit charts and graphs Sunday. Remember, Neutral (are u really) trading is an act, stats it out all u want...until then, today is getting drunk time....
2bit
Da NM,
me understand what ur doing, a pivot guy like me. Friday, a pattern violation for sure but other indicators do point to continous up. Xber9 mkt 4cast which I think have credibility does 4cast up to Jan29. Now, Friday's violation of s2, will probably shakes the weakAsskie shorts out Monday and rebounds to OE pivot. What da u ting?
da 2bit
Foot, Gleno,
MACD is already crossed over....
2bit
http://stockcharts.com/c-sc/sc?s=$OEX:$CPCE&p=D&b=5&g=0&i=t75755534856&r=476
Foot,
The only problem is ur only counting the major ones, and discarding the minor ones such as Nov26 and Dec27. This should be one like the Nov26 and Dec27 a minor turn.
Today's retracement is 38% of the rise from the low of Jan22.
There is not enough time to form a W before FOMC. Either it rises until FOMC then sell off, or if it falls again on Monday then another leg down.
Right now the bet is rise till FOMC then sell off.
2bit
Foot,
Welcome back, wish ur back getting better.
After my analysis with inidcators, I have to side with NM.
The bulls are not dead yet. If it closes above OEX 627 we are back in business. Other indicators are saying we are about to turn.
2bit
Oman,
ur suppose to go sleep while in bed....
da 2bit
Gleno, didn't da Neutral Man, said net long going into Monday or was it my imagination?
2bit