Stock Market Today - Intraday discussion - Page 3252  

Dude, what's with the numbers after each of your posts...? I don't get it... 49875!!! wtf?

I believe what he is referring to is fibannachi numbers it's been a while since a messed with Fibonacci numbers but I do believe that 49,875 as a Fibonacci number if I remember correctly

Its how many members there are. He is doing a count down to 50k

LMAO...Just what I was talking about!!....No offense Tim.....Thank You for the 'horse sense' Matt....Knew I could count on ya...................GLTA!!.....49875

I know everything that is happening on HSM

(Im on summer vacation and have no life outside on trading and hsm)

...Enjoy!!

So freakin' true!

"Hey look at that it's red!!! We're going down big today!!!"

>>>30 min. later the market turns green<<<

"Bet we close +100 today!!! Just watch!!!"

>>>30 min later the market again turns negative<<<

"I'm calling it right here, we're gonna close down at least -100 points!!! You heard it here first!!!"

>>>Market ends the day green<<<

Wrong, wrong, wrong as usual...

The only posters I ever take serious on this thread are the stock gods of HSM (eg, Stockjocke, MC, Siri, bigbull, etc.). All the other posts are just good for a laugh or two.

Well, I shouldn't say all, we do get some decent posts on here from time to time from posters who aren't even ranked (ex. Davecash77) but let's be honest alot of the posts on here most of the day are more or less b.s. Like I said, if you want a good laugh just read thru this thread during the weekdays. Keep it up folks! It really helps during tough days at work lemme tell ya!

question.. what happens when a company of BP's size and magnitude goes bankrupt? How does it affect the overall market? I mean there must be a whole lot of companies, funds, investment banks etc.. who have their money in BP's stock and bonds right? Their bonds and credit default swaps yields have been soaring due to the risk that they might go bankrupt or atleast be forced by the governments hands do their bidding... So if this bankruptcy does play out, how will it affect other stocks, companies and the markets?

The cost to protect $10 million of London-based BP debt for one year with credit-default swaps almost doubled to $512,000, according to CMA DataVision. It was $29,000 on April 30.

http://www.bloomberg.com/apps/news?p...gMka.Iko&pos=2

I don't think this can possibly be a Lehman Bros. type of scenario, since LEH had way more exposure to the markets, but when a company that had a $180 billion marketcap declares bankruptcy, that must affect the markets somehow right? They have creditors that need to be paid and such... I was looking at when Enron filed for bankrupty protection (December 2, 2001) and it seemed to really have no impact on the market (though Enron had $65 billion marketcap which is almost one-third of BP's). Wondering if this would be the same or different...Thoughts please

Plenty of people have had good calls. I think it's getting emotional in here more or less b/c bad calls have lost others money. Why else would you all even bother talking about it? I know it's not just me, so I'm talking for more than just one person, if you had listened to every one of my calls you'd be profitable for the year, How's that?

I guess the mods and highly ranked people learned a long time ago to stop talking about their trades , b/c as far as intrday or anything close to that, they don't do it. I bet this is why, valuable lesson being learned here.

I will probably stop doing it if it bothers you that much, honestly it's a slap in the face to post crap like this. Maybe your red pip is a reflection of this?

Anyway, as a trader you need to adapt to this market, first month all year it hasn't been working for me the first week, I think it's because swings are best when you take the opposite trade everytime, the time frames are just too small for me, so I'm going to adapt in and out of the market much much faster!

This is currency based, I read it a week ago but I think the strategies are reflective for everything if you aren't an intraday person

http://www.nobrainertrades.com/2010/...urrencies.html

I'm noticing the "risk pair" is developing a downchannel that may go into tomorrow. Just FWIW. IS THAT OK?! rofl

X 2

There's a huge hole in that study he did: He didn't quantify the levels the market was at when it reversed.

See, if a market is up by 4 points at 3, and closes down 8...well, that's one thing.

But we're seeing many instances where the market is up 100, 150 points, and swings all the way down to -50. I would imagine , absent recently, he wouldn't see many instances of this at all.

interesting blog post regarding the rydex ratio here: http://bulls-bears-pigs.blogspot.com/

short term, i'd say i'm bearish
mid term, bullish
long term, bearish

I don't see how anybody could be a long term investor in this market. This market is fueled by fear and sugar coated lies. This is a daytraders buffet. I believe this up and down trend, "with the down getting lower and lower", will continue until the the fears become realization and the lies loose their sugar and then we will be at the bottom. Trade cautiously and watch closely. From what I've seen buy at the eod and sell first thing in the morning. While this market can be scary, there is still money to be made. Especially with 5 to 8% gaps in price through the day. Glta

This deserves a quote-in-bold. I've almost finished reading "Reminiscences of a Stock Operator" and that feels like something right out of the book.

Well said!

I like flipping my favorite stocks at these levels, but I cash out kinda quick and keep the profit in FREE shares for my hold account. I've done great shorting and playing puts/calls. Gotta love the choppy waters.

I do appreciate the concern, but I'm fully aware of the risk. Again, I have a very strong opinion on where the market's heading - you know because you were making fun of my calls (no hard feelings). If the dow reaches that 1k-3k range I'm calling for, they won't be losing trades. Sure, in the long run they will be losers, but only in a bull market or ranging market. In a true bear market, one that I foresee, these trades will be big winners.

That's why I don't get why people day trade. I've been there done that, but then I opened my eyes to the macro world. I've seen several people on here touting, "this is a day traders dream". But is it? I also saw a recent post where somebody was questioning long-term trading. In my mind (and yeah, I know to each his own), long term is the only way to trade. I equate day or short-term trading to surviving in the jungle and macro trading to navigating your way through the jungle from above the trees. It just makes more sense because it's easier to see.

Anyways, that's how I see it.

What you say is very true, and I really hope you don't let a few negative posts avert you from posting your thoughts and predictions. This obviously applies to other ranking members. I am still learning and absorbing as much as I can about TA and the markets, and reading the more learned thoughts in forecasting the markets is very valuable to me, as well as other novices in the game. Thanks for your work

There is a lot of truth in your opinion, but it is always open to interpetation.....day trading should be less than an hour in the morning, and FUN.
I find my own trades longer term and I do not look at stocks at all.
I may do option plays based on events etc. but I do not usually hold them for long, (I'm usually the seller). And buy them back with in hours.
I trade the ES have been short since the middle of April, the little rally do not scare me out. I always have a few contracts with stops set, and as an example when there was a little rally in the AM today I piled on....when the ES was 9.25 + after the buy i put on a trail stop to the new contracts and shut off the computer. i turned on CNBC at 3:55 to see how it went today.....Now if i had been sitting in front of my screen all day what are the chances i would have made a bad decision? Based on chatter, boredom news, and my own mind telling me I know where this is going during all that overload.
I just find all the opinions interesting on direction, most need to stand back and look at the bigger picture. Longer term overall trend right now.
Most people trade the upside it is instinct, just flip your monitor over.

Thanks for your input and good luck in your investments

I have been day-trading and swing-trading with a fair amount of success lately. Using screeners to find high beta stocks (>2) that are priced under $10, then using the E-Zone System to see the next day entry and exit zones. Buy when Open is in or below the Entry, or go short if Open is in or above the Exit. Then use the inner (alert) or outside lines as targets and stops.
Found these projections were better than trying to extrapolate from charts that end with last data point - - - sort of steering by looking thru the windshield instead of the rear-view mirror.

ps// agree with some others here that Indexes will continue to fall.
My guess is the Dow hits 7000 - 6500 area soon after the Nov elections. But GLTA :-)