BigWave Posted December 10, 2003 Report Share Posted December 10, 2003 Max Pain hasn't worked since January 2003... Link to comment Share on other sites More sharing options...
BarBu Posted December 10, 2003 Report Share Posted December 10, 2003 Silky Posted on: Dec 9 2003, 04:55 PM Current position - short POWI ( head & shoulder confirmed) - nice call on POWI Link to comment Share on other sites More sharing options...
Guest bullseatshitndie Posted December 10, 2003 Report Share Posted December 10, 2003 http://www.marketsummaryandforecast.com/decision_point.htm Link to comment Share on other sites More sharing options...
Guest Posted December 10, 2003 Report Share Posted December 10, 2003 ALTR down a buck AHXLNX 30 c "Late Wednesday, chipmaker Altera (ALTR:Nasdaq - commentary - research) reiterated prior guidance for fourth-quarter sales to rise 2% to 5%. . . . . . . Apparently, some traders were expecting Altera to raise its guidance, as other chipmakers have done of late, including TriQuint Semiconductor (TQNT:Nasdaq - commentary - research) after the close Wednesday and Texas Instruments (TXN:NYSE - commentary - research) on Monday." http://www.thestreet.com/_yahoo/tech/kcswanson/10131294.html Link to comment Share on other sites More sharing options...
wndysrf Posted December 10, 2003 Report Share Posted December 10, 2003 Thanks, Greg for opening the thread.... Back in the office for a few minutes. I dumped all my gold and silver stocks, except for my 1/3 core position. When that much selling volume comes in off the top, sell first, ask questions later. I have more in an IRA account, and I'll sell more when we get a bounce. XAU top is probably in. My hats off to Lance Lewis. I'm the one who got stuffed. Sorry to all readers who took my advice and loaded up for the next leg to the upside. Look at the chart below for the worst case scenario. XAU may make several probes at the 90 area, maybe 85 over the next 9 months. The next move up will be the biggest, running from the 90 area to 150, probably towards the end of next year. This of course, will play out if the symmetry of the XAU holds up. 50/50 chance of a bounce in the broads, given the Steve McQueen candle painted today. How many times have we seen this under the 50-day? Too many. My AskResearch Money Flow indicator is at an all time record low on the QQQ. I will not short against this indicator. Anyone who doesn't believe it, check out what happened to IVAN today when shorts pressed their bets when the Money Flow Index was smashed to the lows. http://139.142.147.218/StockChart_ImageOnl...PX&ref_rate=180 I'll be shorting some Semicups and HomeScreamers after a bounce, which will likely occur next week during Scam Week. Again, my apologies to those who loaded up on PM's on my advice. If Ordinary were in my office now, I'd hit him over the head with my 21" Flat Panel. Link to comment Share on other sites More sharing options...
Guest Posted December 10, 2003 Report Share Posted December 10, 2003 Quick question: How good is the track record of this Max Pain factor? - Silky Quick answer: Max Pain sucks. Mostly a tool used by wolves to pick off sheep easier. Max Factor makes a great foundation (according to Charliss). Max Pain Factor. . . less than negligable. Link to comment Share on other sites More sharing options...
longOnUranus Posted December 10, 2003 Report Share Posted December 10, 2003 Out of TGT...damn fun stock to play with...didn't want to be long or short w/ retail number out tommorrow. Absent a market moving event, I expect volume to trail off into the holidays. Lots of fun and games due to OPEX, EOM and EOY. I look for about 1030 on the last day of the year. Max pain HAS been worthless, as the forensic specialists have been world-class in running stops and strikes up and down the ladder during OPEX. Almost nibbled on PMS's at the close, but we're overdue for a dollar bounce. edit - forgot about the Max Headroom factor: Link to comment Share on other sites More sharing options...
Hypertiger Posted December 10, 2003 Report Share Posted December 10, 2003 If you can't hold it in your hand you have nothing...Gold miners are paper so is the gold market itself...If no one ever took delivery you wouldn't need gold in a gold market...Just a piece of paper that says Gold on it... It is all just an illusion...The creation of wealth without production except for paper and ink or a microscopic collection of negative and positive magnetic areas on a hard disk platter... Ultimately everyone is just a potential bagholder when this fraudulant ponzi scheme which each and everyone of you believes to varying degrees is legitimate or proper, implodes... Every day millions of people commit legalized criminal acts in a legalized criminal system...totally unaware of that fact... Crying about manipulation or dirty tricks is like being in the mafia and crying about crime... Mindboggling Hypocracy... Crime pays if you don't get caught... The best crimes are the legitimate ones... When that bell rings every morning it is the beginning of a crime spree nothing more... Link to comment Share on other sites More sharing options...
Silky_Xlax Posted December 10, 2003 Report Share Posted December 10, 2003 nice call on POWI Thanks Barbu - Opened Short on COF today - another H&S confirmed, with high Vol down day today. Will wait to see if this "pattern confirmation" tactic works better than shorting overbot (which burned me in the kabooz :cry: ) Have my eyes on AMG and AMR too (shorting ofcourse !!!), but have decided to wait and see how the short positions on SLAB, POWI and COF work out. - Silky Link to comment Share on other sites More sharing options...
BigWave Posted December 10, 2003 Report Share Posted December 10, 2003 When that bell rings every morning it is the beginning of a crime spree nothing more... That about sums it up... Link to comment Share on other sites More sharing options...
Guest Posted December 10, 2003 Report Share Posted December 10, 2003 Crying about manipulation or dirty tricks is like being in the mafia and crying about crime...Definitely agree with that one. I hate whining on IDS. The best crimes are the legitimate ones... Sometimes, There is a heck of a lot to be said for the illegitimate crimes as well. When that bell rings every morning it is the beginning of a crime spree nothing more... But it's so damn exciting. Link to comment Share on other sites More sharing options...
maximummark Posted December 10, 2003 Report Share Posted December 10, 2003 How bout that IVAN...good pick-ups after hours for resale AM when an assault on $4 seems likely...58M shares traded...also SNG promising in runup to offshore well results and big rev increase...rest of market was tired with quicker than normal profit-taking continuing...EVOL an example, on AT&T portability confusion...now $14.70 AH since many traders sold early to capture big profits...With weak volume continuing, it looks like another forensic pre-opex week scam...Bush seems ready to trade Taiwan for Chinese debt support, with stance against independence...Matrix still working overtime...Sinclair's $413 hit, and he still an optomist Link to comment Share on other sites More sharing options...
aureleus Posted December 10, 2003 Report Share Posted December 10, 2003 I think K-Wave pointed out the key reversal in Gold on IDB: You gotta respect those candles in Gold. 2 Scenarios: Sept '03 or July '02. Go back and compare those charts. Take your pick. Gold swing traders: Whatever happens, there should be a bounce at the 50 MA latest, which should bring us at least to the closing level of today, probably more. I'd be watching that bounce, esp. the relative performance of HUI/POG. That way you keep the shares in case the 50 MA turns out to be the low (again). Any Gold calls/futures should have been sold today, because of the non-confirmation of EURUSD and the PMS. regards Link to comment Share on other sites More sharing options...
Calculus Posted December 10, 2003 Report Share Posted December 10, 2003 You can always rely on good old Jim Sinclair to sum it up. I have to deal with reality as I see it. The reality in gold and gold shares is that the majority of the players in this market are focused on instant gratification. As such, they tend to try and beat the next (Gold) Community member in and out of everything they are involved in. Because of this, there are many in this Community who won?t be around on payday Jim Sinclair How can so many people judge a market or share on just one day's movement? Gold shares sharply higher tomorrow, hey 'The Bull is back on'. Gold shares down sharply on Friday, ohh 'the bull is now over'. Ever read a book or seen a movie that wasn't any cop to begin with, but then at the end was excellent? Judging the market on 1 or 2 days movement is no different. And people wonder why they often get sub-standard returns on their money? If people are lucky enough to get catch a few of the turns, well check out the cost of doing business, commissions and spreads. I was a broker for a long time and the cost of business is often THE deciding factor on whether a client makes money. Not in the short term because any monkey can get it right, but in the LONG TERM. Link to comment Share on other sites More sharing options...
BusKow Posted December 10, 2003 Report Share Posted December 10, 2003 The Kow pours out a little gasoline here...and lights this match... Don Wolanchuk on the second hour of O'Brien saying we MIGHT get a short sharp pullback in an Elliot wave 2, but then comes Dow 16K and Dow 20K. The most glorious era on earth is just straight ahead. Gold to thousand or two. Only nuclear disaster could prevent it. Please. You may not shoot the Bovine Courier! Link to comment Share on other sites More sharing options...
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