Stock Market Today : May 14th - 18th - Page 16

Originally Posted by BobK 

I think it's controlled selling. Problem is trying to figure out what to do tomorrow. Which way we going? Maybe SOH.

Originally Posted by rst 


This has been a controlled decline from the 1410 area.
Getting into very oversold territory on the daily charts.
So while ES could decline a bit more from here, a strong bounce can happen when least expected!

Originally Posted by o7media 

I'm thinking next week is bearish again. The daily and weekly's are still showing downside. Here's my weekly Dow Jones chart:

 

 

 

Pretty bearish finish there. IMO we have another 400 or so points of downside next week to around 12,400.

 

Commodities are also bearish, GLD broke a 4 year uptrend this week and has room down to $147 - $147.50 short term.

 

I'm personally in CVX puts, oil etf's (USO and OIH) failed to breakout again today and they're setting up for much more downside along with Gold.

 

 

..... my 2 cents 

Originally Posted by johndoejohndoes 

I got 7 shares at $590 around the 1st...and it hasn't been near that number since.

My question is this isn't the next Netflix, right?

Originally Posted by johndoejohndoes 

I'm a little nervous about Apple...but I'm holding on.

I got 7 shares at $590 around the 1st...and it hasn't been near that number since.

My question is this isn't the next Netflix, right?

Netflix shit the bed because of there major screw up last summer...Apple hasn't done anything to screw anything up yet (hopefully the iPhone 5 isn't a bust).

 

I'm in Apple for the long...but when I see Google/Amazon going up and Apple going down I start to wonder...are all the markets doing bad? Or is Apple something to be concerned about?

Originally Posted by johndoejohndoes 

I'm a little nervous about Apple...but I'm holding on.

I got 7 shares at $590 around the 1st...and it hasn't been near that number since.

My question is this isn't the next Netflix, right?

Netflix shit the bed because of there major screw up last summer...Apple hasn't done anything to screw anything up yet (hopefully the iPhone 5 isn't a bust).

 

I'm in Apple for the long...but when I see Google/Amazon going up and Apple going down I start to wonder...are all the markets doing bad? Or is Apple something to be concerned about?

Originally Posted by Nate01 

I If I only had 7 shares I would have sold by now. Only reason im staying in apple is because my losses are too huge right now. If apple keeps going down I walk away from the stock market casino. Apple is broken, goes down nearly everyday. Every once in a while it goes up 1-4 dollars but then the next day down again. At the current rate apple is lucky to get 1 green day a week. Apple had a good day today it was only down 5 bucks. Never thought I would actually be happy about being down a percent but apple can easily go down 4-5 percent for no reason. I picked the wrong side, the long side. But its too late now. Im not shorting and i will just hold long and maybe in a few months i can get some of my money back. I dont see it breaking to new all time highs this year but maybe we see 600 in a few months and at that point im out of the stock

 

 

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Originally Posted by Venom08 

I think Apple will break its highs by July.

Originally Posted by Nate01 

I If I only had 7 shares I would have sold by now. Only reason im staying in apple is because my losses are too huge right now. If apple keeps going down I walk away from the stock market casino. Apple is broken, goes down nearly everyday. Every once in a while it goes up 1-4 dollars but then the next day down again. At the current rate apple is lucky to get 1 green day a week. Apple had a good day today it was only down 5 bucks. Never thought I would actually be happy about being down a percent but apple can easily go down 4-5 percent for no reason. I picked the wrong side, the long side. But its too late now. Im not shorting and i will just hold long and maybe in a few months i can get some of my money back. I dont see it breaking to new all time highs this year but maybe we see 600 in a few months and at that point im out of the stock

 

Originally Posted by nhan4 



Sometimes you gotta learn to eat it and walk away.  I had the same mentality back then in 2008 when I bought Bank of America at its peak, everyone was saying buy buy buy.  Then it finally started to turn and I kept saying, ugh this sucks, just go back up once more and I'll get out and no more for me.  Well, it never went back up, lost almost all my money. 

Originally Posted by rst 


Quite correct. Great downside risk is involved when buying near a major market top!
Unfortunately, real confirmation that a major top has been seen doesn't come until well after the fact, many months later, at substantially lower prices.