Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Trade on technicals and what you see, not on hope and what you don't see......
2bit
I am not Camping and inspiration from God is not my cup of tea...
2bit
Stay short ... Amagedon coming...
2bit
I think this is it for this burn......
2bit
out of Puts this morning, will reload later, damage is done...
2bit
HSI is down 200 now and Dow future -120...
2bit
not so sure at 9.23pm
S&P 500 Sep 2011 -11.50
NASDAQ 100 Sep 2011 -24.50
Dow future -113
HSI has not even opened yet
2bit
I heard John Boehner's wealth is mostly based on equities. He has a bigger stake himself, unless he sold all last Friday and secretly shorting the market...
2bit
I have a median value of OEX 606 by July 31, 608 by Aug 1 and 610 by Aug 5. Right now we have a median value of 603. In other words, it can turn anytime in the next two weeks. But it should not exceed 610 which is approx. 150 Dow points from here.
2bit
It should not be higher than the upper bound of the second channel. OEX weekly is close to a sell, the daily should give a signal soon. Expecting OEX 580 and SPX 1300 as a minimum.
2bit
no way, it is working perfectly well, you need to know how to look at it and btw, I use VXO the theorectical one
2bit
Something's not kosher about this rally, volatility index refuses to budge, the market may turn end of week or early next week and may not surpass 598/600 OEX
2bit
Buy signals from NDX, OIH, SPY, OEX
Start of 5th wave, target OEX 610 by July 28 2011
2bit
SPX 1370
2bit
There she goes at 1322/591 a text book case....
2bit
Yep, or OEX 591 which needs to be busted through else it is just a reaction bounce on a down trend. We are already at R2 and does not look like it is going to do it today.
2bit
This is it for this burn, will be up for a couple of days....
2bit
Head and shoulder turn for sure....350 marks the top for apple...weekly, monthly turning down also...target 300?
2bit
Thanks Big & Black
no wonder every time APPL gaps up it got sold to. Actually 355 was top and on a monthly basis, it is turning downtrend. Well then SPX won't go up too much then...
Did you guys watch this
http://www.profi-forex.us/news/entry4000001168.html
2bit
Very glad to hear you enjoy your new job. It is same old with me. I don't post very much now. The sites that I check frequently are Cobra, CarlFutia and Terry's TTheory...Carl thinks it will go up to 1400 SPX and Terry thinks it will top out May/June time frame...It seems like the market tops out now they way it has been acting.
Good luck and God bless
2bit
still hangin..does anybody post anymore?
2bit
Believe it or not...AAPL should be a buy here....
2bit
The power of Steve Jobs..
He may not realise it, with AAPL down in the dumpster, the market is not going anywhere and both Put/Call options players are loosing on premium... better to stand aside and watch....
2bit
I mean oil stocks as represented by OIH. If SPX 1319 is broken to the upside, this triggers another leg up. Unless this is 3 pushes up and falls. At this stage, I tend to side with the bulls.
2bit
The oil component is hold up the market, so caution to be too bearish
2bit
If it does not break 1319 in the next four days, the top is in
2bit
Gleno
He is back at the _inx clearstation board and I can see he has troubles with other members there already....Ha
2bit
I trade daily now...it is at the point where pullback is possible but not expected to be deep...so day trade is safer...everybody is expecting a crash but the market could truck along with a few OEX points a day....
2bit
ya, Carl Futia predicts a 50 point drop in SPX before the rally continues and I think that is crap also...if it were a free market yes but a manipulated one ...no...the Fed controls it...looking at the POMO..it would not surprise me if it rallies till end of Jan 11
2bit
Well, since it has blown past 556... the next targets are 559 by Dec23rd and 576 by Jan7...T-Theory is really a piece of crap...
Xmas rally is on
2bit
TurtleSoupSell on SPX, NDX, IXIC and OEX
2bit
So far so good, everything as planned....
2bit
One more time...near term forecast....
I have revisited the weekly and monthly numbers. Here is my take...
"I think we just finished wave4 and onto wave5 which has a first target of 558. The market according to daily will probably retrace by Tuesday or Wednesday"
"There is unfinished business to the down side according to the weekly chart" (foolish me should have closed out my puts at 529-530 Nov 30 where the weekly long term support is and first target of wave4, no wonder it bounced off multiple times).
"The monthly data says long term resistance at 556ish"
Therefore, if by midweek next week the market cannot pierce through 556-558 area short and that will be the end of wave5.
Else it is very bullish.
2bit
Unless you are very short term, with unemployment number at close to 10%, QE will not end any time soon. It is easier to go long then short....IMO
2bit