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.
ken's yahoo group can totally ban problem people it is easy because it can be a private group invite only..
i have been advocating this for sometime.
in addition there are more tools on yahoo egroup than here
interesting observation
would you consider sept 12 -13th flat or headed down?
also it seems to just go flat going from long to short--
but from short to long it seems like a V.
i think we bounce qqqq because aapl is going to announce earning tomorrow and they will cause qqqq rise leading into earnings..
in addition i expect them to blow away estimates cause nanos are flying off shelves.
ken
i think we should activate the egroup that you started to track people's qqqq calls.
http://finance.groups.yahoo.com/group/CS-QQQQ-members/
we could do the same thing we are doing here but we can control who can actually read or reply posts.
if ihub doesn't work.. we should just start a yahoo egroup
-- make it private group -- after initial group joins up - only allow new members by recommendation from other members... in addition , have a few moderators who will kick off trouble makers -
Weeklys!!! i swear to go this sounds like a story from the onion!
ken
did PM2x(v.8) ever cross to short ? or are MACDh bar still hanging out at zero?
so i guess da boyz were propping up end of quarter results-
unemployment comes out this week and they will be ugly!
i notice earlier this summer your chart called a downtrend but qqqq kept going up and then after two days it started to go down.
so it was n't a chart lag but a market lag!
do you think we are in short trend now or merely just a pull back in upward trend?
ken
i have a question
how did you know last time that your system was about to go long before it actually did?
where is ken?? usually he posts his fab charts everyday.. he has missed few.
sarcasm huh
actually my prediction is qqqq could hit 40.50 soon.. and i am long until ken's system says short
liar it is great that you are doing so well on your 40 option but be careful on out of money options - as you get closer to expiration you start to lose value..for this option to get to .50 the qqqq would have to zoom past 40 -
when market changes like this is when you make money on index options like qqqq.
since this change came on friday i sold my options because i don't like to hold over the weekend - and i am quite satisfied with 80% one day profit. .but if you are a betting man you could have sold half and rode this upward swing on the houses money.
will look at nocoma's system next week to jump back in on upward trend - of course in less your system says short
Ken
the thing about your chart is it is great at taking advantage of when the trend changes..that is when you should be jumping on options.. it is there that you can make some great quick money
Now you know your system so well that yesterday you posting on here before actual confirmation that system was going green.and you were 100% right.
you should have immediately sold your 40 oct puts and bought 40 oct calls at .10 that are now trading for .20 or 39 oct calls at .45 (could have gotten them as low at .40) that are now trading at
.75
next time the trend changes be ready and jump
trust your OWN charting!!!
here here
damn it is good...
interesting chart fishin
it makes sense when utilities are doing good that mean energy is expensive and high energy cost always hurt economy in the long term
so at what point does Dow pull back when Utlilites lead?
is there a formula? like when Utliities are a certain percentage of the gains in dow? a certain time period where utilities are leading dow?
ken
I think your system is working great!!. If we going long I would think qqqq short term will hit 40.50
we haven't had a "Tragedy" but i am sorry gas is at historic highs even adjusting for inflation - - we have had an oil shock equivilant to the ones in the 70s and so far --the market has just shrugged this off
when our Oil man President is encouraging people to converse gas and oil then he knows something he isn't telling us.
this is so window dressing.. end of quarter is friday -- i think the Boyz are propping things up and slowly filing to the exits.. it is so obvious by the narrow trading range the last few days.
ok been off the boards a couple of days and suddenly i am reading all these Ken's gonna stop his PM2(v.8) cause it was wrong!
why??
it is still reading short-- doesn't seem wrong to me
can someone please post the short version of this so called crisis?
silly question
is there anywhere to get RSI(5) chart online besides prophetnet
most free chart places only haev RSI(14)
put call ratio is 2.25 so a ton of people think we thinking qs are headed down. is this contrarian signal?
dive!!!
wow we really faded in last 30 an hour.
ken
you did this last month also you didn't have faith in your system
it will be interesting whether we go up on monday or if your system is still working - i still have qqqq puts.
Ken
PM2x(v.8) signals happen only end of day?
Ken
your system seems to be the best at spotting overall trends
i have combined your system with nocoma's
i played options using your system playing overall trend when your system showed qqqq started to trend down i used nocoma s rsi 5 for the entry of the option.
i agree with your views 2x but i think the real impact is gas prices and inflation .. remember at begining of summer when everyone feared 3 dollar a gallon gas prices?
Karina blew 3 dollars a gallon out the door we just had a gas shock similar to the mid 70s and the media and financial markets have been deadly silent about it .
that .05 inflation rate is just the tip of iceberg
it will be interesting to here what fed members say about gas increases ( will be more aggressive rate increases to fight inflation?)
what is fed going to do?
are they going to skip this rate hike because of Karina or are they going to acknowledge the eye popping monthly inflation number and continue their rise in rates -
after karina i would have bet on no rate increase but damn .05% in a month is very bad (and it is probably going to be revised upward.
send me chart also
tintin2000@yahoo.com
thanks
beerworld
i said this earlier in the week there are so many Sept 39 put and calls options that DA Boyz will make sure friday we end dead on 39 to make all those option out of the money.
Jobless Claims, Energy Prices Both Soar
A total of 68,000 Americans lost their jobs due to Hurricane Katrina and filed for unemployment benefits last week, shoving these applications up by the largest amount in nearly a decade.
The Labor Department reported that claims for benefits rose by 71,000 last week, with 68,000 of that total attributed to layoffs due to Katrina, which devastated New Orleans and other areas along the Gulf Coast. That figure exceeded the claims filed in the weeks following the Sept. 11, 2001 terror attacks, and analysts predicted that it would be revised even higher once states catch up with processing a flood of claims.
Meanwhile, consumer inflation surged by 0.5 percent in August as energy prices shot up by the largest amount in more than two years, even before Katrina hit at the end of the month. The hurricane caused a further spike in energy prices due to widespread shutdowns of oil and natural gas facilities in the Gulf Coast region.
Analysts have predicted that Katrina, the country's worst natural disaster, will trim economic growth by as much as a full percentage point in the second half of this year and cost around 400,000 jobs.
OT - political post
well i did request that we stay off political postings a while ago knowing they would pollute the boards, cause people to start hating those with opposites views and get people off the topic at hand .. which is to make $$$
I do find it ironic that many of the people that are convinced the market is headed down the tubes are pro Bush because it is his policies that are causing the economy to crash (as you are predicting)
my own opinion? .. by any and every measurement that you would use to judge a successful Presidency , Bush has been a complete failure.
OE is coming and as someone pointed out a few weeks ago there are a ton of 39 puts and calls (mostly puts)
i imagine that we are going to end up at exactly 39 by friday.
market is rallying because it is convinced that Fed will not raise interests rates next week..
i think Robert Rubin knew this about US currency and that is why he advocaded a strong currency and actually backed it up by promoting sound economic policy -
basically the Fed makes a ton of money by selling dollars to the world..
but two things have hurt this -
the euro is gaining strength as currency- it is combination of many factors-- as trival as there is $500 euro note while US dollar top note is $100
to not so trival our deficit is never ending and growing every day
well when gas goes up this much this fast then consumer habits change.. they don't take those spur of the moment trips to store - they plan their shopping and other travel much more carefully and of course when they get to store they have less money to spend because it is now in their gas tank.
I think the markets are spinning the conventional wisdom that a natural disaster such as Hurricane is actually slightly expansionary for economy because of rebuiding and government spending ..
but the elephant in the room is gas prices - AAA said the AVERAGE price for gallon of gas in US is now $3.06 up 46 cents from last week! Economist currently think anything above 2.70 is going to be inflationary on US economy - this oil shock hasn't been acknowledged by the markets yet .. I just think once the markets wake up then we are heading down.
oops
what the last hour of the friday before holiday did
in other words .. the last three years if we close down last hour on friday before labor day.. we had gap down on following tuesday
if we closed up last hour .. we had a gap up ..
this year it looks like down on friday and up on labor day..
back to your regularly schedule programs