Replies to post #17433 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[tecno_futurist]

QLGC, yes you mentioned it could go either way based on the 60 minute chart, and that it was a daytraders stock, but where's the call?

If I was a subscriber I would want to make money bottom line, educational rear view observations are OK, but a call with a target is what's important IMO.

[jenna]

brokerages update continued "downswing": GS and LEH did continue to move down further in front of earnings. Expecting more downside following the report as well. Here the breakdown in GS will be if 89 (20 ma) is taken down for possible downside through 87.50 (85 puts for October a possibility) I would still be playing these brokerages intraday since we have a full week until earnings are under way. Intraday you can usually secure a "long term daytrade" by the 10:00 or 11:00 reversal period at the COT (change of trend)and the 20/50 and even 200 ma as support/resistance areas. I find the fibonacci retracements off the 15-minute are a bit more precise for capturing the 15 min Climactic Buy or Climactic Short Set Up. There is always the possibility to bounce off support (88.75)





"We need more downside in front of earnings (LEH, AGE and MWD report as early as next week so earnings season really never ends)"