Stock Market Intraday Chat: Apr 16 - 20 - Page 6

This Google $600 has been my favorite GOOG Level : (ever since December of 2009)

And the Chinese as well are likely freaking all over it (now)......

What with their being The World's Most RABID of Gamblers.

.

Favorite level for what?  Shorting? Going long? Buying calls?  Throwing a party?  Posting on HSM?

You're posts are like riddles, bro.
 

Quote:

Originally Posted by nowwhat 

This Google $600 has been my favorite GOOG Level : (ever since December of 2009)

 

I kind of like the way he posts.

 He presents you with an important level, writes something to get your mind going,

 and his posts make you think...

Quote:

Originally Posted by RagingBull 
Throwing a party?  Posting on HSM?

 

 

 

What about both? Post on HSM while partying?

Wow.....That Caterpillar sure bounced off it's $100 Buck Level......(but it's STILL in a double top formation) :

So make SURE you add CAT's dbl top formation (trend), to your overall stock market outlook.

Decide as well also, as to whether the S&P's 1400, has ANY significant importance :

I mean, if you were on the Titanic (a 100 yrs ago), and you started to see like, a whole bunch of Icebergs,

What MIGHT you have started to think ?............

Behold !........The Greatest of American Bed Mattress Companys !......the Tempur-Pedic Corp.

*Which kinda looks a BIT like a Iceberg to me

I'm a bit apprehensive to be going long at these levels. I think 1336-1340 is an ideal entry for some nibbling on the long side with tight stops. But even if we get to that level, I'm not sure i'd be looking to go long. May is around the corner...

There's nothing out there that makes me confident in believing this is a bottom or a top. I'd rather sit this out and wait for something to give way than to attempt to guess where I think the market is heading. I've been burned a few times already trying to force trades.

i can imagine it would be something like this.. the after math is what im referring too.

Kill it with speculation!

Quote:

Originally Posted by rando 


Duhrr... "I need an entire bottle of whiskey, and quick!"
===========
I like the idea of another red day tomorrow, maybe into Weds, enough to lure in and burn call buyers, then drop the whammy on the puts to finish off the week, unless Spain's Piñata cracks open and maggots explode from within, in which case... adios muchachos.

This is pretty freaky.. so just I'm fairly new to trading (5 months) and over the weekend I did as much research as I could on ABC corrections.

The C move should be just as much as the measured move of A.  So once I drew the A line I just duplicated it and placed it after...  So i'm coming back from work and seeing how close it got on my chart and I'll be damned how close it is:

Quote:

Originally Posted by rando 

Nice eye Barbellman. Just remember these patterns are just things that give you a % edge, lots of them fail. In this case, if you were short PCLN already you could sell some at the target (or anytime) and then ride a trailing stop (or other type of stop) with the rest of your position. Notice the lower volume on the middle leg, in ABC moves you ideally want higher volume in the first leg, lower in the second, and higher again in the third and final leg. This one is a beauty.

Rando, yep that is what I learned. I was watching the volume closely and soon as I saw that the buyers had no conviction it made me feel even more comfortable.  I feel like if you're a new trader in this market right now the market is teaching you so many lessons here.  I feel like I have aged years just in the past few months.  So many smart people are here (mjoke, you) and twitter is such a huge help.  Just watching the twitter timeline from all the traders I have added helps out a lot ..

Quote:

Originally Posted by RagingBull 

Favorite level for what?  Shorting? Going long? Buying calls?  Throwing a party?  Posting on HSM?

 

You're posts are like riddles, bro.

He gets his jollies off of being an internet character.  Truth be told, I don't even think the guy trades.  I think he just likes to hear himself speak his own gibberish.

Nate?

O.O I feel like I can see the Matrix now, and it's scary, bro. 000010111000111010100001010101000001110000
 

Quote:

Originally Posted by nowwhat 

Wow.....That Caterpillar sure bounced off it's $100 Buck Level......(but it's STILL in a double top formation) :

 

So make SURE you add CAT's dbl top formation (trend), to your overall stock market outlook.

Decide as well also, as to whether the S&P's 1400, has ANY significant importance :

I mean, if you were on the Titanic (a 100 yrs ago), and you started to see like, a whole bunch of Icebergs,

What MIGHT you have started to think ?............

 

Behold !........The Greatest of American Bed Mattress Companys !......the Tempur-Pedic Corp.

*Which kinda looks a BIT like a Iceberg to me

 

 

Originally Posted by nowwhat 

This Google $600 has been my favorite GOOG Level : (ever since December of 2009)

 

I thought this was a good video:

If the apple ship is sinking so be it, ill go down with the ship. This may not be the smartest thing to do, but I am not selling here and taking this loss. No way.

Even if it takes a year to get back to 630 im holding. *if it ever gets there again*

If I ever get out of this trade with my shirt on my back, I dont think I will use margin ever again.

My account went down nearly 9 percent today.

Its okay though guys dont feel bad for me Im kind of used to losing lots of money on a daily basis now.

Maybe tommorow will be a good day for apple? *good day meaning a decline of no more then 10 dollars*

Yea, but I'm pretty confident this will run up for earnings so I'll still probably get out with a profit.