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Stock Market Intraday Chat: Mar 12th - 16th - Page 23  

post #441 of 1043


 

Quote:
Originally Posted by mjoke View Post

did i say a timeframe associated with my Fibs.. nope.

There is such a thing as conflicting fibs overalpped by time ya know.

 



 


What I do know is you're not doing something right. Fibs are only used to identify levels of potential support or resistance. 

The goal in a uptrend is to ride price with the trend, sell at strong resistance and buy back support.

Not ignore price action and bet against the trend.

What part of higher highs and lower lows do you not understand?

post #442 of 1043

here are a few more charts.. but from a NQ perspective.

 

NQ.png

 

NQ2.png

 

NQ3.png

post #443 of 1043

@mjoke - source for those charts? 

post #444 of 1043

lol you dont need to say ..do i not understand, when its obvious others dont, in the perception of it being time associated, AKA time zones and if you want to break that down more, in essence its just where clusters exist. .. .  Different time frames or zones that you play will yeild different levels. Intra or monthly etc..What part do you not understand? or how about the LOW volume on the rise..which could be just retailers being sucked in at the last moment which was a thesis also.. andi threw that out there on the fly,.. take it or leave it but im not making you eat it.

 

Its vaguely comparable to BB bands, which have narrowed indicted a break out one way or the other,.. and frankly change over time.

There is  more  than one way to qualify Fibonacci levels to trade with and that is with TIMING. If we see an important time relationship, or a confluence of time relationships at the same time Fib levels are hitting on the price axis of the market, the odds for a change in trend increase dramatically... which is just clusters.. You can refer to price action which i feel can be misleading and doesnt tell the entire story.  Overall some indicators are more valid when they are calculated for a greater time value.

 

Mine could be wrong or they could be right, depends on what trade perception you have, and since the bulls are so short term it seems, its more likely applicable than not.

 

Fibs can be wrong and they can be implied incorrectly, hence why its best to have different time frames.

its called TA because everyone sees things differently. thumbup.gif

 

Quote:
Originally Posted by mpr View Post


 


What I do know is you're not doing something right. Fibs are only used to identify levels of potential support or resistance. 

The goal in a uptrend is to ride price with the trend, sell at strong resistance and buy back support.

Not ignore price action and bet against the trend.

What part of higher highs and lower lows do you not understand?



 

 


Edited by mjoke - 3/14/12 at 5:35am
post #445 of 1043

my fib levels measure price from as far back as a fractal you can get all the way to the 1m. more important levels obviously overlap, but the major target levels are always the same. 

 

post #446 of 1043

top one ive posted those before because they are simple.. middle is from a friend,.. and the bottom was pulled.


 

Quote:
Originally Posted by IchibomB View Post

@mjoke - source for those charts? 



 

post #447 of 1043
Quote:
Originally Posted by mjoke View Post

top one ive posted those before because they are simple.. middle is from a friend,.. and the bottom was pulled.


 



 


 

I want to see you pull a chart that's from your platform. Then I'll take your technical standing points seriously.

I can piggyback on someone else's charts all day, doesn't show a damn thing about your own perspective on reality. 

post #448 of 1043

ummm i have before and recently ... so i dont know what your point is about that.

my views are of my own, but doesnt hurt to have other charts to back up the perception since you guys like more than one source.

So thats the point to those charts... now as for posting mine in complete detail, i will not, and have explained why.. Some aspects are inverted and i use items which i rather not disclose, i dont want questions on whats this or that...  Some things work for me, while they dont for others. That is a matter of preference and the ones who do is in a generic nature.. to highlight something.

 

Try again?...  and my perception and posts show my own perception on reality along with the outlook i have. thumbup.gif

if its anyone who doesnt piggy back or coat tail ride .. that would be me..  and to imply, as if...you dont compare your own TA to others, or find other sources is asinine, just like your attempt/comment. The data is the data, to imply anything beyond that is rolleyes.gif and if you bothered to look, you would notice that one is bullish and also one has a divergence in opinion from weekly to daily. I compare because i look at more than 1 or 2 indicators or aspects to items nor do i think my lines are THE lines.... wow... shutter the DD;  and the fact that TA differs with perception. Reviewing what the opponent has in the game isnt a negative, and more so to compare when bearish bullish differs.

 

As for taking anything seriously, up to you, i dont care... as i said im not forcing you to eat it..   ----> or in other words just my opinion.. and reenforces why.

Be happy i posted them, and clarified what was what..  otherwise you couldnt run your mouth or rather tap your fingers. tongue.gif

 


 

Quote:
Originally Posted by mpr View Post


 

I want to see you pull a chart that's from your platform. Then I'll take your technical standing points seriously.

I can piggyback on someone else's charts all day, doesn't show a damn thing about your own perspective on reality. 



 

 


Edited by mjoke - 3/14/12 at 6:13am
post #449 of 1043

anyways.. moving on.. the way people are acting i suppose DOW 30k is right around the corner.

wonder if we continue today, or retest the run.. wierd disconnect between the USD and the index runs.

 

Also the bulls kinda got lucky as we needed something to push slightly higher otherwise the bears would of driven it lower by wed.. however today will we get pst 1397-1401 as that is the June 08 high,

 

 

 

Need more data and i have questions regarding this stress test and when was the base period they used? .. 

 

22% drop in housing from where? the pre crisis? since they have dropped more than that percentage. If it is in a closer base ex earlier this year, then 22% from here would be what.. 65-70% loss in value, and that's a collapse.

 

This 50% market drop,.. same question applies, where is the base calculation,... when from here it was the bottom of the fall during the crisis..   wouldnt it be more than 50% if housing fell 22% more here? .. let alone what about in the event of a default in not greece.. eh.

 

Just seems quickly put together.. or released and JPM took the air out of it on Thursday as a real moving event by jumping the gun.

 

Also was the rise in banks really truly because they are healthier .. good sheets etc? or was it due to a regulatory item being passed and a few divi increases by some of the leaders (not all) and some share buybacks.. Which i will say the buy backs were expect but is always a good thing for the stock as it s a constant supply of buys and increases EPS and earnings estimates for those companies.

 

There had to of been trades done on this news prior to everyone known in a fair manner.


Edited by mjoke - 3/14/12 at 6:48am
post #450 of 1043

Here is an interesting read from the Inflation Trader about the bank run-up yesterday, how the Fed blew it by releasing the stress test results early (a few minutes before close) and how JPM took advantage of the situation. Here is an excerpt"

 

"There is no way that banks, whether or not they feel overcapitalized by 2000s standards or not, are actually going to be buying back large chunks of stock. So my second thought was “wow, are they actually going to scare up the stock so that they can sell more? That can’t be legal.”

Moments later, we found out what the real point was. It seems the Fed had completed the stress tests and informed all of the banks a couple of days ago (it’s unclear when), and were going to make a public announcement on Thursday.Sidebar: This is why people think that Wall Street is run by a bunch of crooks."

 

Read the complete article here:

 

http://seekingalpha.com/article/432691-my-two-cents-on-market-nonsense.

post #451 of 1043

Holy hell, gold down -42 in premarket.

post #452 of 1043

apple is up more then 1 percent in premarket.

 

I want to sell but in the past ive sold and regretted it.

 

Bought at 510. I was always told bulls make money bears make money pigs get slaughtered. I feel like a pig

 

I know apple wont go up everyday but at this rate 600 will be very soon.

 

Not sure what to do, im sitting on a really nice gain and a correction wouldnt be very fun.

 

 

post #453 of 1043
Quote:
Originally Posted by Nate01 View Post

apple is up more then 1 percent in premarket.

 

I want to sell but in the past ive sold and regretted it.

 

Bought at 510. I was always told bulls make money bears make money pigs get slaughtered. I feel like a pig

 

I know apple wont go up everyday but at this rate 600 will be very soon.

 

Not sure what to do, im sitting on a really nice gain and a correction wouldnt be very fun.

 

 

Then sell some to take some profit off the table. You don't have to sell the whole lot if you don't want to. For future reference, you should establish profit and loss targets before you enter trades--then, stick to them.
 

 

post #454 of 1043
Just great earthquake 1hr ago in Japan - 6.1
post #455 of 1043
Quote:
Originally Posted by Bishop View Post

Holy hell, gold down -42 in premarket.



Whats your thoughts on this? SOH? I have 1645 as support, maybe play a bounce here with a stop at the low?

 

*edit looks like its not holding, pretty crazy how much PM's have moved in the month of March.

post #456 of 1043
Quote:
Originally Posted by kylestt View Post



Whats your thoughts on this? SOH? I have 1645 as support, maybe play a bounce here with a stop at the low?

 

*edit looks like its not holding, pretty crazy how much PM's have moved in the month of March.



As of right now, I am not touching it. Sitting at -54. With the fed keeping rates low and modest inflation from what they mentioned, gold is diving.

post #457 of 1043
Quote:
Originally Posted by Bishop View Post



As of right now, I am not touching it. Sitting at -54. With the fed keeping rates low and modest inflation from what they mentioned, gold is diving.


yea, its for sure a short lived bounce play but risk is up there lol. probably safe to say other safer plays exist

 

post #458 of 1043

 

Modest inflation? Do you shop?

 

gold is going down not because of what the Fed did not did not say, its going down because someone (wonder who ti is) is intervening in the market to help subside fears about inflation. For most people, when they se skyrocketing gold and oil prices, they immediately think (even though it is wring to assume this) that inflation is forthcoming. Last week's price fixture (one of many) in gold leaves you without any doubt that this it is happening.
 


Quote:
Originally Posted by Bishop View Post



As of right now, I am not touching it. Sitting at -54. With the fed keeping rates low and modest inflation from what they mentioned, gold is diving.



Good Read. The bond part of the story is the most interesting and revealing in my opinion. Yields broke out big time yesterday. Let's see how far the Fed is willing to support this market  without it (the market rally) interfering with their policy of low rates. As the economy improves, there will be growing pressure for the Fed to raise rates. From this point onward, any rejection by the Fed to raise rates will be seen as bearish (a completel shift of mentality from the past). As for Wall Streets sly workings, what else is new? Wall St has been screwing the world for last 30+ years, it just that now most of their deceitful practices are made public, yet they show no remorse for the people that end up paying for it. None. No matter how well connected Wall St is, all good things come to an end. Wall St will one day be dissolved not by external forces, but by its own success. All great things to do. This is no different.

Quote:
Originally Posted by Money Game View Post

Here is an interesting read from the Inflation Trader about the bank run-up yesterday, how the Fed blew it by releasing the stress test results early (a few minutes before close) and how JPM took advantage of the situation. Here is an excerpt"

 

"There is no way that banks, whether or not they feel overcapitalized by 2000s standards or not, are actually going to be buying back large chunks of stock. So my second thought was “wow, are they actually going to scare up the stock so that they can sell more? That can’t be legal.”

Moments later, we found out what the real point was. It seems the Fed had completed the stress tests and informed all of the banks a couple of days ago (it’s unclear when), and were going to make a public announcement on Thursday.Sidebar: This is why people think that Wall Street is run by a bunch of crooks."

 

Read the complete article here:

 

http://seekingalpha.com/article/432691-my-two-cents-on-market-nonsense.



 

post #459 of 1043

wm.gif

post #460 of 1043
Thread Starter 
Tyler Durden's picture

Frontrunning: March 14

  • Euro zone formally approves 2nd Greek bailout: statement (Reuters)
  • In a First, Europeans Act to Suspend Aid to Hungary Unless It Cuts Deficit (NYT)
  • UK Chancellor Looks at 100-Year Gilt (FT) - What? No Consols?
  • Hilsenrath: Fed's Outlook a Tad Sunnier - (WSJ)
  • Banks Shored Up By Stress Test Success (FT)
  • U.S. dangles secret data for Russia missile shield approval (Reuters)
  • Wen Warns of Second China Cultural Revolution Without Reform (Bloomberg)
  • Wen Says Yuan May Be Near Equilibrium as Gains Stall (Bloomberg)
  • Merkel Says Europe Is ‘Good Way’ Up Mountain, Not Over It (Bloomberg)
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