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today's gap down was easy money
easy and also fast (the trade was - buy the open until gap close)
it was a textbook case
I missed it as I woke up rather after the fact
the 2nd jolt was risky, I would've not taken it, kudos who did
I just watched a bit the market, the dinosaurs were tired so I stayed put
then I was away all along not that was much to see other than selling
just came back, do some stuff and have to run again
now monday is going to be interesting
I would think that the selling pressure is going to accelerate by the aforementioned margin calls
then is close the eyes hold the nose and buying?
you might be right, but institutional traders have very deep pockets, hard to squeeze them.
When it does happen we have a market meltdown as they are the real supporters. (then we will hear more QE to infinity and more bailout money needed)
If they settle daily at end of day, then their intraday influence for a selloff shouldn't be much I would think (they settled already so no pressure!).
The retail on the other hand are like sheep, good for fleecing and skinning and milking, and they do tend to move as planned and dictated by the central command, prone to fear and media influence - thanks CNBC.
The oil seems to have strong bid and if the market would bounce higher here I suspect the oil to shoot up as well, after all, it is more attractive than the bloated market.
So the central command might have approved a correction just to take the (hot) oil down, just a guess.
Not yet. At the earliest is Monday and only in the afternoon. (3 days to call)
And this only provided the price remains in red.
If that will happen, then it will help press the price downward.
However, usually the market rebounds even if for ST thereafter, unless there is plenty of more margins to be called (waterfall).
Scenario 1, tom gap down and rebound followed by hard down on monday
Scenario 2, tomorrow down moderate ('controlled'), followed by hard down monday
Scenario 3, tomorrow hard down, followed by moderate monday down (+ rebound at EOD)
(big gap down on monday is a long shot, unless the market plan to melt further)
Scenarios depending if margin calls end for now on monday
Since next week is OEX it will be strong options buying (so far were the calls side! Will complacency win?)
I second that. Thanks to all, you are great guys.
Quasy, THANK YOU for showing me/us
that I CAN have the High or Low of a MA, and not just the close default.
Jeesh, I was so frustrated.
Just curious - was it ALWAYS there and I didn't see it or it was offered more recent?
I have so much to do so I won't be able to use it any time soon, but I have a BIG itch..
Anyway, like I said, the StockCharts did not EVER responded on the matter (which forced me to abandon some of projects).
I agree with some of your observations.
I like you. You are one cool person.
If I were StockCharts I'd approach you with a business proposition - they have no one like you over there on their high horse and they desperately need one like you if you ask me.
I'll nominate you ANY DAY.
You could do a customer-related job from home as well, no need to physically be there.
--------
The problem with "this site" or any other site where PEOPLE have trading opinions is that most is hot air. If a company goes into this then it won't let just any loser to make comments.
And BTW StockCharts DO ALREADY has one of the best!
---John Murphy ---
So it makes a difference.
Do you know of a site that offers historical charts WAY WAY back (years) for small time frames (1/3/5/10/15 min)?
If for 15 min only and it would still be good.
And BTW, something SIMPLE like QUARTERLY and YEARLY charts are NOT offered by "we are the best"...
THANK YOU Quasi
and they offer TRADING ideas on their Blog
and you can have a debate - ask and receive clarifications
UNHEARD OF at StockCharts where I get IGNORED
hey, I am NOT MarketClub representative
I don't even have service with them ...yet
I am just a CUSTOMER of StockCharts as I ...said!
Indeed, MarketClub's service seems higher but you may get better tools and service. I don't really know as like I said I did not try them out yet. (one of my pals suggested it to me!)
They have 30 days FREE to try them !!!
So if you are curious you can do that. (as you asked: "is there any place we can see what your charting tool looks like ??
Let us see what you got and how you're different ...
THEN I would be real interested. ")
-----
You said: "and just based on "StockCharts.com ignored you".
NO, is NOT that StockCharts ignored "me" !
StockCharts ignored MY NEED !
I have to ...use OTHER service to get what I NEED ? Because that's what I've been doing for a LONG time now!
I use StockCharts primarily for backup service, and they DO have some cool study features (I was IGNORED when I suggested improvement).
It was a time I had a GREAT charting from my broker. So good that almost made me sorry being with StockCharts. Then the broker merged and things are good but not the same.
Anyway, in a nutshell, I want FULL control of MA and BIG historical data in multiple time frames (if not for all at least for major stuff). I NEED MA of highs and lows. I NEED ALL MENTIONED above !!!
If you are serious about trading you need too. We need to study, and we need tools. This is not for "fun". I can lose money.
This is BUSINESS. Not JUST FOR StockCharts is business - it is for me too!
So I get some of it from StockCharts and pitiful to say - the rest from others.
Don't forget one essential element - as a customer when you suggest something you should get a freaking reply !
I NEVER NEVER NEVER NEVER EVER EVER EVER got a reply from StockCharts on said suggestions/requests...
EVER
------------
Like I said, I posted this here for folks that may want to look into other options.
We help each other.
Keep your options open.
cy
here's competition's charting service, a very innovative thing,
that I'm sure you might find interesting
StockCharts won't EVEN REPLY to my e-mail when I made suggestions and requests for freaking BASIC moving average improvement and such !!!
And this TOTAL IGNORE happened .....FEW TIMES !!!
Basically EVERY TIME I suggested improvements!
So what do you think happen in this DYNAMIC world AS I BITTERLY PREDICTED ?
Competition is moving in. YES, that's exactly what I said and that's precisely what happens.
I've been with StockCharts for quite a while but I CONSTANTLY look elsewhere because StockCharts POOR customer service AND their "IGNORING ME SERVICE" is CONSTANTLY REMINDING ME TO DO SO!
Unbelievable stupid and suicidal business practice of them, but it is what it is.
sad , VERY sad
But a reality
anyway, here's what I recently found:
http://club.ino.com/join/whatyouget/
TALKING CHARTS
MarketClub is proud to announce a breakthrough in chart analysis with our revolutionary new "Talking Chart" technology. Only at MarketClub can you experience charts that talk to you and tell you what is going on in the market. No other website has this technology as we invented it. You will find this new feature incredibly useful when charting and analyzing the markets. In fact, this technology is so valuable that we filed a patent on it. Use it, enjoy it and profit from this new technology.
They also have :
NEWS SCAN
News, news, news, call it information overload. Everyday we are bombarded with a plethora of news stories. But, what if you could just read about the news that affects the market you trade? With our News Scan tool, you can set up a scan to find stories on only the markets that you want to know about.
What exchanges does MarketClub cover?
• National Association of Securities Dealers Automated Quotations (NASDAQ)
• New York Stock Exchange (NYSE)
• American Stock and Options Exchange (AMEX)
• Toronto Stock Exchange (TSX)
• Canadian Venture Exchange (CDNX)
• New York Mercantile Exchange (NYMEX/COMEX)
• New York Board of Trade (NYBOT/CSCE/NYCE)
• Chicago Mercantile Exchange (CME)
• Chicago Board of Trade (CBOT)
• Intercontinental Exchange (ICE)
• Kansas City Board of Trade (KCBT)
• Minneapolis Grain Exchange (MGEX)
• Realtime Foreign Exchange (FOREX)
wow, they also have FOREX realtime (this is almost 24/7 chart, but I like to trim it to my specific time periods - in my OTHER charting provider as I do not have MarketClub ...just yet)
-------------------------------------------
once in a while some of us wonder what options do we have
so here it is - I tried to help ourselves
all the best guys
Quasi, the way you put it (careful and biased) you are right
no one ...shouldn't have a backup
because hey, "it's a limit"
nonsense
I say this
(and I know how right I am)
-if you have a shack of a house you better have a spare place!
- if you have a crap car, you should have a backup (another car, buses, AAA, whatever, but you NEED one)
BUT
- if you have a GOOD house
- if you have a GREAT car
NO need for backup
just TIMELY maintenance will do
back to our apples
just the same
down the line someone has a crap of a car !!!!!
if it's the ISP the crap then why buying or renting the darn car?
if the ISP on its own has some crap hardware or something, then the same logic applies !
bottom line is that somewhere down the line it is crap and since we are connected we get it
it's very pathetic
fwiw my own ISP did not let me down in like ...NEVER
I hope to not jinx it lol
The only time I was out was because lines were damaged by weather near house, and they fixed it in few hours after I talked to them
AND, AND, they offer compensation AND AND they offer me a backup through a different line !!! which I never used
and I am a regular joe the little guy !
like I said - it's VERY pathetic
we are all victims
yes, the site is down
no charts
and I needed to make my homework on charts before going to work
no backup ? :O
what a crapola
Quasi, that's a good inverting idea actually
to mirror-invert it with paint
It's FAR from perfect but will do.
Most importantly I can invert whatever I need in whatever timeframe with whatever indicators and will be a 100% accurate reversal guaranteed.
The good news is that meanwhile I found a way to get what I needed without resorting to inverting although neither that solution is not perfect.
What I needed it for is in currencies. In currencies it usually is a pair - i.e. USD/JPY. When the pair trades down it basically trades UPWARD for the other side. I found it much more easier for the mind to make sense of the chart if I could turn the chart around to fit the UPTREND at the time.
StockCharts used to have this ! SHAME
thanks
happy trading
INVERTED chart
PLEASE
can anyone help me with this issue
I NEED to inverse a chart and I can't find the way to do it.
What I know:
I searched in StockCharts site and I found this:
"How do I invert the vertical scale on my chart?
Submitted Jan 27 by StockCharts Support
Currently, we don't have a way to simply invert a SharpChart. We do however have a way to calculate the reciprocal of any dataset and chart that. It's not exactly the same, but it is often "good enough."
You can create a reciprocal chart by first entering the "$ONE" symbol, a colon character, and then your chosen symbol in the "Enter Ticker" box. For instance, "$ONE:INTC" will create such a chart."
I tried it and it is really lame - It only shows in LINE form (no candlesticks) and NO intraday whatsoever.
I DO remember once upon the time years ago (during good ole times of stockcharts1) that someone to make fun of a stock that was going down posted an inverted chart. It was COMPLETE candlesticks and all and was a PERFECT upside down picture.
I am shocked to see AFTER so much time that stockcharts proudly say they do NOT have it..
Like that guy did it I assume it is possible but you got to know the how.
PLEASE PLEASE PLEASE HELP
THANK YOU
that I expect
"if he raised interest rates. That would create quite a reaction."
very very VERY slow , and some won't load
&$%@^&$#%
scan down ? :0(
Quasi, re: "what trying to do"
just same old same old: charting
I'd like control and to be able to have SMA and EMA of my choice : of lows and of highs , and open, not just of close
I can do it on other service so I don't see why we can not have it here. The data is ALREADY there, all is needed is the ability of choice.
You say I can at least scan for it which is at least something, but I'm not sure how I can scan for it.
You talk about indicator while I'm interested in SMA, not SMA of indicator.
Let's say a scan for a break above SMA30 of highs
TIA
yes, but not just slower SC service
it's even worse
upon refreshing on a random basis I got erroneous charts
since I trust I look at REAL TIME I make decision based on that !!! That's why I'm PAYING for real time ..... while the data is a DELAYED data!..
At first, since I knew what data was there just before and like an imbecile I trusted Stockcharts on providing what is expected and PAID for, I was intrigued "What the hell, How is possible"? and got frantically looking around at tape and other services and realized that my supposedly reliable stockcharts is outright lying to me.
Then got back to my "dear" stock"CHART"s and upon closer look I realized that the service and data I receive is all of a sudden delayed (yellow) and got hugely frustrated.
Then I refreshed and refreshed and refreshed (you get the point) and finally it got green.
Since then I now have an extra problem to watch for in the market ..courtesy of stockcharts "service", now on top of everything I have to look, and double-check and make sure I'm looking at real data.
The problem was worse at the beginning of week and seems random. For example, a page with few charts on it may get some charts real time and some charts delayed time.
I got extremely frustrated few days back when I needed real time number right away at the close and instead got the fking DELAYED data like a mockery time after time after time.
very frustrated customer
:0(
is there a way in SC to get SMA of highs and/or lows
maybe a canned channel (that does this) ?
thanks
Quasi, like you say, maybe is better to just adjust it manually
the less patches the better
I think priority #1 is PC stability and as long as it is stable I don't feel like fooling around, and daylight saving time would really be on the very bottom of the list if not off the list
thanks
Quasi, that time box is checked. Also, up until now it changed on its own so I don't see what I miss.
I also try to NOT download all the "patches" and "upgrades". They just seem endless and we never feel better anyway.
SC approach of compensating us with few days for down and poor service was well overdue and is the right way
Let's hope they will be more and more stable and won't have more reason to compensate frustrated losing customers
no, no dreaded vista , no ty..
XP
On other computer it did change but on this one it did not
I suppose the clock is not changed by a program (OS) as we are led to think but from a signal sent from somewhere.
not a big deal IMO
but after so many years the advanced by 1 month?
what comes onto those geniuses heads?
down again :0(
I hate red Xes
it becomes like a XXX business
I don't know if you noticed but the daylight saving time change was moved almost a month from April 1 to March 11
My PC won't change auto because of that
However , I think this should not cause any problems with SC
charts are back working for now
everything seems working
I hope I don't jinx it
NOTHING here :0(
no charts for Monday
NOTHING
no charts so far today - only Friday data
almost ONE HOUR into the session
why why WHY
:(
I had same problems and some 60min charts on random time length would be switched into days basic and display your message #2
how awful
now it seems working
let's keep fingers crossed
sigh
being surprised things being normal
That is lame
But this is reality
This is proof of people expecting BAD from SC
How they came to expect bad?
Through ongoing bitter experiences of all kinds
I too was surprised a little but the real problems were with orders and tickers directed to some platforms.
For example my platform performed OK with minimum stress including the charts so I expected no less from SC.
SC can do better only if they want to
anybody else sick of bloody red square
.. with bloody "Unable to find data for: xyz(symbol). Please make sure the symbol above is valid"
have to re-re-re-re-click to finally get it
maybe that's the creative SC way to encourage customers to refresh less..
that's besides the all other problems like missing days, arbitrary "adjusting" charts, speed problems etc
yuck
just this time alone the stockcharts' missing data shifted a T line and made me make a wrong decision which cost me near $300
and this has nothing to do with my abilities or the market
it has to do with relying on their chart
this is not the first time
so in my cost of doing business this loss must be added to the other few same and then must be placed together with the cost of charting from stockcharts
that is the real cost of charting from this service for me
way and above
:(
today the stockcharts was very slow
anybody else same ?
they said it will be fast with new hardware
was that a true statement?
hardware came, got installed and the site is crawling
what is going on ?
it sounds like a problem on your side
and sometimes things get corrupted and need maintenance
sean,(and others) can you pls. tell me how and why firefox(2) is better than IE(6)
Especially with stockcharts and trading platforms.
You saw them performing side by side.
I open like 6 charts per one window and they open OK/so so when stockcharts is OK/so so.., although I'm sure this is nowhere near high speed performance, and have like 20+ windows open.. (would like less windows open of course)
1. Does the charts open faster in firefox(2) vs. IE(6)? and just how fast?
2. When a large number of windows (charts) is open in firefox(2) vs. IE(6) is the memory (resources) used less/more/same/don't know?
3. What's the difference between accessing tabs of windows from toolbar in IE(6) vs. using tabs in firefox(2) ?
4. How firefox(2) handles trading platform (cybertrader) ?
5. Any issues with java?
6. Does using/having firefox(2) makes a system less stable?
thanks
sean,that sounds bad there just as I was thinking to switch to firefox2
hmm
I noticed many other things reported like NOT being able to wipe clean firefox from PCs and (as such) problems with new version when it gets installed
I think I will wait more now, maybe until next version
but I'd like to ask 3 related questions:
1. what version of firefox you used (now is 2 I guess)
2. was the firefox a far better browser for stockcharts vs. IE (and why) ?
3. if firefox is not working why not going back to using IE since they can work side by side anyway. (you complain of not having charts, no?)
GL
how can I turn off the song/music that starts on main page?
I'm listening to other things all the time so turning down the volume is impossible
as such the song while nice is disturbing at best
once in a while I return to the site to read few more posts and each time I have to be tortured by the forced fed song :0/
TIA
thanks guys, have a good weekend
let's all hope that by Monday SC and staff will be all OK
at the very least I expect someone from SC to come here and keep us informed about their status
it is the bare minimum they should do
your reply shows how little you know
you may deserve this and ready to endure incompetence
don't know
but surely there is no reason for me
I know better
Doc, thanks, it seems good and I will look into it
in the last post I was hoping if you could say few things about that particular chart , and hoping/thinking I did not ask big secrets
thanks again
you should learn/know that there is such technology as 'power backup'
and laptop PCs
and as for notice, they surely have home and relatives and friends, or even a public terminal from where they can send a message for the paying customers
and this besides the possibility of a cell-phone from which messages can be sent any time across the globe
sorry pal, but there is no excuse for not informing paying customers ASAP of service problems
they are just adding insult to the injury
cush, it is unfair to say 'reflects character' about our posts
I paid for the service!
I lost money because of them let me down so did others
but how about the people that work in the site character?
they won't come and appologize neither inform us ASAP of down service
they just ignore us the customers
but then you say is OUR character , the customers'
you are biased and unfair