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We moved up to 98...lol
That was a nice break on the computer hardware indices chart and that would be a big part of the semis.
The semis are usually big movers when tech rocks and the divergences seemed to big to pass up. I am not one to favor the beat up stocks as much as other folks here but they looked soooo good this time.
Still a scary sight when you look at the whole picture though. The big boys are still trying to KILL the ES...big time. If they have to give up tomorrow you will see a huge cover rally.
It's gonna pop big time in the next few days. I just hope to be on the right side of the trade.
Tops and bottoms....------>>>>>>
Look at the 60 minute Naz. I keep posting how many we have (I know) but it's important.
We had 2 higher lows and now we have our second higher high. This is very important for two reasons. One is that the previous low is my trigger for an exit and second is this is usually where big retraces occur if the charts don't get a big push here.. The high could continue but the action off the high and the amount of divergence is very critical.
Seeing that the last low went below the first high, we are still most likely in wave three with bad diverging studies. If we don't climb much higher here and then put in a small retrace (w4) then a big move down could easily be in the cards.
A break of 1445 could start a huge move down
It's OK to watch. Just don't REACT to them. lol
Usually just a couple of days. You can trade the day the check clears. When I wire them money, I can trade with that money in ten minutes.
Cap
Yes, I liked all three and wound up getting filled on CNXT about 30 minutes after I posted that I got filled on ISSI and TQNT. It gapped and started tumbling early but found it's legs later on. I try to go for three plays at once so I minimize my loses if one doesn't cooperate.
All three (ISSI, CNXT and TQNT) are in the sector that shold get the most out of this rally...if it continues, and I expect it will.
Go back and look at the reply to post and look at the sector chart:http://www.investorshub.com/boards/read_msg.asp?message_id=4345502 sweet and look at that weekly volume, already high with one day left in the week.
Got filled on TQNT and ISSI...eom
These are swing trades and not day trades...lol
Thanks, I was kinda wondering. I got a mm from someone else and thought maybe you had two alias's. I will get you back when I get home and can figure out how...LOL. I need to shuffle on two work.
OK, I see it now...personmark
I got the MM (I think)...lol, but I can't respond because I am a free member. I guess I realize who you are now anyway.
dd
Good to see you too. Yes, I used to post on RB under the same alias.
No, I still swap the mini's regularly. I only trade stocks in my IRA. Are you trading them too?
Buy the rumor - sell the news.
Personally I don't care about the news and when it's posted here I move right along to the next thread. Someone just mentioned they thought the company was great and the price was too low....WRONG...the price is what the market is willing to buy and sell it for.
T/A and nothing else is what makes money. Make your trades - place your stops and cut the machine off. Come back and move your chit around later and cut it off again. If I have to watch the chart or read the news I WILL BE INFLUENCED by outside forces.
I know because I lost my azz doing both a while back.
The semiconductor index is ready to bust a nut.
It's only Wednesday and look at the volume on SMH. Also pay special attention to where the CCI and histogram are and what has happened when they reach these levels. Lots of divergence in place.
The whole freakin' sector is full of double bottom weekly charts and diverging daily charts. A real quick glance of ISSI, TQNT and CNXT gives me a warm fuzzy.
http://investor.news.com/Engine?Account=cnet&PageName=INDEX&Ticker=$CNSCO
The best play tomorrow would be the semis...IMO
What's a hot list??? eom
Han...
Just go here and you can look at your own intraday charts:
http://bigcharts.marketwatch.com/intchart/frames/frames.asp?symb=elx&time=&freq=
Big divergence BTW
It held up....
That will be very big if we can get a boost here to anything over 1460...It would be HUGE.
If so we can expect to see all the shy guys expecting the election volume to come in late with heavy buying.
-1450 and +1460 are the lines in the sand...IMO
Heck no...keep it coming
For some reason I am having trouble with my DSL today. Anyway, a couple of things.
1450 needs to hold here now on the NQ
Also, check this out. Is the move in some gold stocks for real???
This is the first time since Monday that my downward moving Stochastics on the 5 minute chart has issued a warning not to short on the Naz. It could be a very good sign that the market is geeting much stronger.
Unfortunately, one scenario says that the Naz just completed 4 in a five down so 1423 to 1430 is not out of the question. I also have that big trend line there so we aren't out of the woods yet.
As I type this the 60 minute is floundering at very nuetral levels. Time to sit on my hands and wait for a signal...I believe.
EASY...Looks done now
ooohhh la la...RMBS
Things ain't kosher on the Naz either in the 5 min...probably time for a pullback
Three new higher lows and two new higher highs so far on the Naz 60 minute. I would say that the breadth indicator was right on baby!!!
The S&P and DOW are still a little pucky but looking much better.
Easy
I don't even trade that often due to swing trades and I have never been charged for data. I think the minimum commision is $30.00 and all the data is free... the data is $10.00 / month if you don't have that much commission spent on trades.
It's a block called Non-professional US securities and Commodities. It seems to include CME, CBOT, NYMEX, Stocks , Indices,,,etc. Everything I have ever wanted to see was available.
LOL...That's one of the benefits of IB. Quote for nearly every exchange are available for next to nothing. QM is the underlying symbol.
It's very nice to know what crude is doing these days. It is controlling most of the market swings
Crude - 54.22...eom
You guys have fun...I gotta go. My son is up here for fall break from college. I need to spend a little time with him since he's spending all my money...hehehe
Pink Taco here we come...
I will be ready when I come down. Of course who wouldn't be ready for a pink taco...lol
Cap...I just saw that-----------SWEET
That is like a homerun find there. Just the closing above the 13 ema is worth alot but I saw some other stuff there while I was poking aroud. (A and Z list) and portfolio
Thanks
Nevermind...Found it.
It is clearstation / e*turd (lol) The funny thing is I still have an IRA at E*turd
Cap...what's a clearstation??? eom
Have you noticed the weekly one I use...130EMA
Take a look at that plotted on HL. That one is strickly used for trend.
I go every chance I get...
Just not the one your thinking of...lol
I should pay better attention to my own charts. I would have at least been short into the close on both sets of charts.
I still wouldn't bet against my breadth charts though. They can be wrong (what can't) but I won't be going against them any more.
Cap...I noticed you posting one of your favorite places on the other board: The Hard Rock Hotel. THe next time you visit you need to grab a quickie at the "pink taco"...LOL
Anyone that pays attention to the charts I post has probably noticed my goofy moving averages. I use a 13EMA on my daily charts. Take one look at the last few months of HL and you can see why it is one of my very favorite stocks in the whole wide world and why a 13EMA rules.
Go find me one better than this....PLEASE
For anyone interested or those that remember these charts from Han's other board, my Naz breadth indicator went into a BUY on the close today. It's hard to beleive but it's a fact. The last buy was the close on 9/29 (1389.70) the following open to buy was 1389.69. The last sell signal generated was the close on 10/7 (1455.77)
The upper indicator is a time series moving average (TSMA) of Nazdaq accumulated issues (blue) verses TSMA of distributed ISSUES (red). The bottom is TSMA of accumulation and distribution VOLUME. The signal is given when both blue lines cross both red lines. This indicator is remarkably accurate so we will soon see.
If the market goes up from here you will have just witnessed market manipulation at it's very finest.
The chart:
Cap...copy all this below the lines and save it somewhere in notepad or something. I will show you what it is later.
_________________________________________________________________
Nasdaq McClellan Summation Index
NasdaqAdvDec:=Security( "ONLINE:ADVN.NQ", CLOSE ) - Security( "ONLINE:DECL.NQ",CLOSE );
Cum( Mov(NasdaqAdvDec,19,EXPONENTIAL) - Mov(NasdaqAdvDec,39,EXPONENTIAL) )
_________________________________________________________________________________________
Nazdaq McClellan Oscillator
NasdaqAdvDec:=Security( "ONLINE:ADVN.NQ", CLOSE ) - Security( "ONLINE:DECL.NQ",CLOSE );
Mov(NasdaqAdvDec,19,EXPONENTIAL) - Mov(NasdaqAdvDec,39,EXPONENTIAL)
Very smart idea...eom
Weird deal there Cap...
That's not what my RSI shows on Stockcharts or Metastock. I show us right on the 50 line...VERY CRITICAL JUNCTURE.
edit...Whoops...my bad. I see yours is a weekly chart (lol)
Long 1102.75...stop 1097
double bottom alert on diverging intraday studies. We should get an oversold hop if nothing else
You need to go here after you download the workstation so you can get used to the order procedure:
Good luck...may the force be with you.
http://www.interactivebrokers.com/php/webhelp/webhelp.htm