Replies to post #132 on 30'S TOO OLDE

[Gixene]

makemoney18, good to hear! I'm just sitting calmly. Overall markets today are taking quite a hit. Since I'm a sitting duck I might as well begin learning something new. I have a co-worker who loaned me a book on options along with a CD which was very nice of her. It seems straightforward. The book can't be more than 50 pages or so. I also wanted to learn about how to short, but being that I have this book and CD I feel compelled that I should learn about options first.

Do you trade options? I know nothing about them at the moment. I Googled it a few months ago and became quickly confused. I read a page or two of this book and the author really seems to break things down into laymen's term. She told me that she'd make $100-$300 in a day. I do know it's risky business.

[Gixene]

makemoney18, if/when the overall markets reach target; here is a stock that is on the top of the watch list.

Link: http://finviz.com/quote.ashx?t=CBI&ty=c&ta=1&p=d&b=1

[Gixene]

makemoney18, I'm contemplating about getting back in the market today. I have many reasons, first being that Dow Jones Industrial Avg. (DJIA) hit an historical high. Others being that the (DJIA) and the S&P 500 are signaling and confirming bullish candlesticks. To strengthen the argument, the Vanguard Total Stock Market ETF (VTI) is signaling and confirming bullish candlesticks if I see the chart correctly.

However, I never use candlesticks on indexes. Sure, with stocks if it signals and confirms a bullish candlestick that's fine and dandy; but with indexes you have to really step back and look at the bigger picture. The NASDAQ seems to still be bearish with candlesticks. The rally yesterday was because of the Fed taper, emotional. Gains should be erased the next day, today.

I'm on the fence and I am simply sharing because this is the first time that I have seriously considered getting back into the market since I have been out on April 11, 2014. If I do I will wait until after 10:30 AM for a few reasons. Well, I don't buy or sell in the first half hour, once again; I wait for market emotion. There is some important reports to come out today at 10 AM. I sound like a broken record, but once again I will wait for the market emotion.

I'm on the fence, better yet. There might as well be razor wire and an electrical current, as there is more important reports to come out tomorrow. I see a lot of volatility, for better or worse.

Stocks on watch list.

GenCorp Inc. (GY)
Chicago Bridge & Iron Company N.V. (CBI)

[Gixene]

makemoney18, hope you are doing well!