Replies to post #127524 on SPDR S&P 500 (SPY)

[xspring]

Sometimes it's good to start from scratch. Start a new chart with a couple "absolutely necessary" indicators like RSI, OBV, MACD and add a couple of moving averages and volume and you are all set. If this doesn't give you enough information then you are looking for the crystal ball which you won't find. Even with the best indicators the market can still move up, down, or sideways, in other words it can move "against" you. That's where probability comes and you have better chances if you trade in the direction of the bigger trend. To determine that just look at the 50-day moving average.

[optionslearner]

WELL SAID DEEJ!


You posted exactly as I would in Bold and with some CAPITALS! LOL....I think your message is Bang on and some should read your message over again and think about it IF they want to be TRADERS!....I am NOT really a Trader anymore; I tend to Positon Trade, Specualte and Invest....BUT I believe your message is very accurate for the Pure TRADER....My last message here a few Days back I "Guesstimated" that SPY would go to 204 and then onward towards 210....Still Thinking Similar....I am still Targeting SPY 250 in 2015 and Sticking with the TREND and adding a French Curve!....As for My Speculations....I see SILVER as the Focus in 2015....The Historical Ratio is very askew and even if GOLD stays in a similar range....SILVER could make moves on regression to the mean itself....As for a Specualtive Stock....I really Like $SVM Silvercorp at these prices and The recent News regarding Share Repurchase gave added element I like!.....HAPPY NEW YEAR to You and ALL!!!

SPY 210 First then SPY 250???....Only Time Will Tell

[k9painter]

well said!!! nothing magic about any of this!!