185 replies to this topic
Posted 11 December 2002 - 02:14 PM
Drano, if you are short lrcx you should be happy to know it has been repeatedly borked on the crap network by I believe someone named Lisanti. Had to see pm update and SG, now I must be going. Now Groucho is in my head.
Posted 11 December 2002 - 02:15 PM
For those of you interested in Gold, Oil & Natural gas, there is a natural gas stock NWN which has been behaving very, very well since I bought it a coupla days ago.
Have a look at the stochastics on various time frames.
Posted 11 December 2002 - 02:17 PM
I'm staying with BEARX for now and "trolling for turds" to short come January. That's when this ball should really get going and knucklehead hopers start waking up and start selling. Then it'll be dart-throwing season practically. The pile driver will be working double-overtime.
Posted 11 December 2002 - 02:19 PM
Interesting aside, from the Hurst cycle book on Doc's site:
1. Maximize Your Profits: Where the magic is - the most dollars in the least time - Maintaining 100% investment.
2. Timing Is The Key: something new and unconventional is required - What makes prices change - The source of trends - The significance of cyclicality.
Refer to #1 for what I do by nature and it works
Example in a small cash account I have
I did 3 trades total in about 30 days or so
First trade the stock rose 32% in a few days
2nd trade from there, next stock rose about 5% in a few days
Last trade the stock rose 25% in 3-4 days
Total return is around 75% on the initial money. I bought and sold each trade, plowed the entire amount into next trade.
Now with the Rydex Funds, I do the same... only I dont trade that often. I wait for the E Waves and Retracements to come to me....
I then trade in whole hog at 200% leverage, and sometimes its for one day, a half day, or 2-3 days.... usually 3 days max at a time.
Key is... dont game the tape daily... be patient. Have a system and use it and stick with it once it works, dont deviate or be cute.
I would like to see 26.30 gap filled on Q's... but my instinct and gut says after 3 days of this crap, that the next move is down, not up.... and the gap down should fill....
We shall see...
Posted 11 December 2002 - 02:22 PM
Have now covered the spread and the comms, hoping for a visit to MaxPain or better yet, SG's 24.50 target. Thanks for checking in, Sweef- typing keeps me from chewing my nails. Over 10K in comms this year so far, and this trade made me sweat. It was the rally from hell
...A declining spenglerian carnival of Colossaalism united with Inflation where the numbers one through 10 are forever banished as worthless arithmetical detritus from a bygone age... - Beardrech
Posted 11 December 2002 - 02:23 PM
Some very clear Elliott wave patterns are finally showing up today intra-day from the high of 26.07.... and they are bearish in nature... first time I've seen clear patterns in 2 1/2 days...
Posted 11 December 2002 - 02:28 PM
Crapvison in Japan lol
Sad to say They can use same script in US
Posted 11 December 2002 - 02:29 PM
I couldn't agree more, SG. Furthermore, this market could be stick in a narrow range for a good while. Don't get chewed up ovvertrading. Pick your spots.
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Posted 11 December 2002 - 02:35 PM
Ebay was hacked on news....
I myself got email from official ebay type forum
talking about update on my account.
The POINT I make here is all this CREDIT and
DEBIT STUFF WILL BRING us down.
IN GOD WE TRUST ALL OTHERS PAY CASH
PLASTIC MONEY IS JUST THAT
NOW WITH THAT SAID
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