nikoschopen
2,824 posts
msg #40622
- Ignore nikoschopen |
1/23/2006 2:46:37 PM
Call it a resurrection of Alfie's now-defunct "Parking Lot".
Who's betting on Seahawks, come Superbowl XL?
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nikoschopen
2,824 posts
msg #40631
- Ignore nikoschopen |
1/23/2006 4:22:14 PM
So I lost a few bucks today thinking that there might be a quick snap after a monster plunge on Friday. But the damn rally never came. The foul air I smell doesn't bode very well for the week to come. Any thoughts?
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EWZuber
1,373 posts
msg #40635
- Ignore EWZuber |
1/23/2006 5:09:03 PM
Weekly Chart is in distribution. This will mitigate and bounce on the Daily Chart.
Market will likely rise to test resistance levels on the Hourly and possibly the Daily chart before resuming the downtrend.
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EWZuber
1,373 posts
msg #40636
- Ignore EWZuber |
1/23/2006 5:09:40 PM
Typo, '...mitigate any bounce...'
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nikoschopen
2,824 posts
msg #40639
- Ignore nikoschopen |
1/23/2006 5:19:23 PM
Today the Dow begrudgingly pierced through what was the 6-month support level at 10714 (which it swooned beneath on Friday) only to close below it. This is a very bearish indication. We will likely to retest the resistance in the coming days, but until it closes above it all bets are off.
Nasdaq, on the other hand, never had the chance to reach its resistance. Ditto for the S&P.
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nikoschopen
2,824 posts
msg #40690
- Ignore nikoschopen |
1/25/2006 2:42:59 PM
Hmm... The S&P500 resembles a bearish falling three pattern (less one day) should it close below 1260.92. Ain't that pretty for all ya bears crawling out of your premature hybernation?
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nikoschopen
2,824 posts
msg #40695
- Ignore nikoschopen |
1/25/2006 4:04:09 PM
What resiliency!? It just refuses to be buried alive 6-feet under. Well, since every indicator under my belt points to undersold conditions, we just might get a technical bounce in the near term. Of course, take everything I say with a grain of salt. After all, this is a boiler room with plenty of molotov cocktails to go around. So fill up those damn bloody marys, it's on me!
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nikoschopen
2,824 posts
msg #40723
- Ignore nikoschopen |
1/26/2006 5:48:21 PM
So it appears that my head would be handed over to me on a silver platter. But thanks to the oversold indicators, I bypassed the danger of being ran over by the rampaging bulls. But then why bother? By tomorrow, I'm sure the number of casulty will rise as many more would get mauled by the avenging bears. My 2-cents for the would-be-wise is that it's in ure best interest not to be either a bull or a bear. Become a vulture instead. Only the opportunist will outlive the bull -- or the bear for that matter.
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nikoschopen
2,824 posts
msg #40813
- Ignore nikoschopen |
1/31/2006 2:21:28 PM
Even to this day, my blood boils when I prematurely exit a trade that continues its trend after I've bailed out with a profit. Needless to say, all things were not made with fairness in mind, and the byproduct of my greed shortchanges me time and time again. How can I learn to glue my ass in place without being so agitated that I need to run for the exit everytime the stock ticks? But, having already pocketed the loot, what do I care? (So the wise part of me sez.)
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TheRumpledOne
6,411 posts
msg #40828
- Ignore TheRumpledOne |
1/31/2006 8:59:32 PM
"Even to this day, my blood boils when I prematurely exit a trade that continues its trend after I've bailed out with a profit. Needless to say, all things were not made with fairness in mind, and the byproduct of my greed shortchanges me time and time again. How can I learn to glue my ass in place without being so agitated that I need to run for the exit everytime the stock ticks? But, having already pocketed the loot, what do I care? (So the wise part of me sez.)"
Look at the Trade Planner Filter Display I wrote.
PLAN YOUR TRADE AND TRADE YOUR PLAN.
You pick your target and your stop.
Then you enter the trade and wait for one of them to trigger.
It doesn't matter which one triggers because YOU TRADED ACCORDING TO YOUR PLAN!
It is that simple.
MAY ALL YOUR FILLS BE COMPLETE.
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