Jump to content


Photo

Sell Rosh Hashanah, Buy Yom Kippur


This topic has been archived. This means that you cannot reply to this topic.
72 replies to this topic

#31 Jimbo

Jimbo

    Doctor of Stock Proctology

  • Members
  • PipPipPipPip
  • 2,150 posts

Posted 19 September 2009 - 11:50 PM

IBM - A RETIREMENT STORY

IBM is another stock that is really owned by the pensioners - like GM.

Has a large capitalisation which is kept up in the air by accounting games.

Stock basically worthless.

It will be great short candidate - but when I dont know

But when the down comes it will be ruthless - take it down under $50 a share.

Will probably get a government bailout at the end al la GM.
timoleon

#32 Charmin

Charmin

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 34,177 posts

Posted 19 September 2009 - 11:51 PM

17/09/09 was a QDP.

Very interesting to see Kwave post a similar "pivot" turn on this date too...


Didn't Kwave use a 900 period moving average on his charts? Q's chart with a 900dma just below current price.
http://www.StockShar..._1253418626.png
Cycles + Wyckoff + NTM = TechnoPile
A true Master averts disaster

#33 cwd

cwd

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 13,435 posts

Posted 20 September 2009 - 12:58 AM

<h2 class="post-title">Complexion of Fed Support To Change- Professional Edition</h2>
by Lee Adler, Saturday, September 19, 2009, in Money and The Fed, Professional Edition | Permalink |Comments (0) Edit Fed credit rose last week, as the Fed bought GSEs, Treasuries and MBS. They helped to stabilize the Treasury market and drive rates down at the short end by settling nearly $60 billion in forward MBS purchase commitments. These purchases were more than enough to offset declining Alphabet Soup. Total Fed credit has been rising rapidly over the past 6 weeks but is still below the high set in December and April’s secondary peak. Click here to download complete report in pdf format (Professional Edition Subscribers). Try the Professional Edition risk free for thirty days. If, within that time, you don’t find the information useful, I will give you a full refund. It’s that simple. Click here for more information.



Doc, I love this comment from the WSE. B)
Since the Fed can make up its own numbers, I thought I’d try my own numbers too.

I think that is the reason gold is 1k. A lot of people including a lot of foreigners are coming to the realization of this fact. <_<

#34 cwd

cwd

    Dean of Stock Proctology

  • Members
  • PipPipPipPipPipPipPipPipPip
  • 13,435 posts

Posted 20 September 2009 - 01:08 AM

More in the UFB category. I guess they need to promote Cuomo upstairs to stop the criminal case against Ken lewis from proceedoning. A lot of bad things could happen. <_<

Obama Said to Request That Paterson Drop Campaign

NYT

#35 astral mike

astral mike

    Assistant Professor of Stock Proctology

  • Members
  • PipPipPipPipPip
  • 3,064 posts

Posted 20 September 2009 - 03:07 AM

Didn't Kwave use a 900 period moving average on his charts? Q's chart with a 900dma just below current price.
http://www.StockShar..._1253418626.png


Yes, indeed Kwave does pay attention to the 900 period moverage average.

He also pays attention to other factors, including time analysis.

#36 Lemur

Lemur

    Professor of Stock Proctology

  • Members
  • PipPipPipPipPipPipPip
  • 5,134 posts

Posted 20 September 2009 - 06:02 AM

Had some fun & games here Friday night.

My place was burglared. They ransack my room probably looking for cash. Luckily my house mate was asleep in his room upstairs and when he woke up they fled. He reckons they were eastern Europeans. Have quite a few of these guys in Ireland now committing crime.

I was fortunate that they did not take my trading computers & screens. Would cost me quite a bit to replace them. One funny aspect of it was that I left my wallet on my desk (its bulky to be carrying around) but I had inadvertently left my sweater on top. They pulled out all of the drawers from the desk and emptied the contents on the floor but never lifted the sweater.

All in all, I got away lightly.

#37 swordfish

swordfish

    Associate Professor of Stock Proctology

  • Banned
  • PipPipPipPipPipPip
  • 4,467 posts

Posted 20 September 2009 - 06:03 AM

Yes, indeed Kwave does pay attention to the 900 period moverage average.

He also pays attention to other factors, including time analysis.


I understand this is EMA 900, not SMA 900?. Please correct me if Im wrong
Jail, not bail!

#38 Lemur

Lemur

    Professor of Stock Proctology

  • Members
  • PipPipPipPipPipPipPip
  • 5,134 posts

Posted 20 September 2009 - 06:14 AM

Despite my fri night hassles, I went to a free seminar on Sat given by this guy.

http://www.ashraflaidi.com/

Talk about 3 hrs of nonsense. This guy often appears on Bloomberg and CNBC or so he claims.

It was painful to listen to him give a host of reasons why the dollar jumped this day and gold went up another day (news noise stuff) and how often he had called this right much to the amazement of commentators on Bloomberg who are in awe of his predictive ability. When I asked him what his trading strategy was and how he makes these predictions and how does he trade the news given the speed of the mkt response to announcements, he was uncomfortable with the question and fudged the answer.

During the talk, he also kept changing his voice level from loud to extremely loud in an effort to keep everybody awake. It got v annoying after a while.

#39 Lemur

Lemur

    Professor of Stock Proctology

  • Members
  • PipPipPipPipPipPipPip
  • 5,134 posts

Posted 20 September 2009 - 06:20 AM

Below -- The impact of commissions on high frequency trading.

Top equity curve = $0 per round trip.

Bottom equity curve = $7.00 per round trip.

Same trades. Entirely different result reamsult.



Need to review my scalping technique. But some quick numbers.

Trading a 2 pt spread making a average of about 5 pips per trade (with a range of 1-10 and the odd 30 pip winner). Currently running at a 90-95% success rate. With the high spread, its essential to maintain a high success rate. Will be working hard at this next week.

#40 Rationalize

Rationalize

    Doctor of Stock Proctology

  • Members
  • PipPipPipPip
  • 2,861 posts

Posted 20 September 2009 - 08:01 AM

Need to review my scalping technique. But some quick numbers.

Trading a 2 pt spread making a average of about 5 pips per trade (with a range of 1-10 and the odd 30 pip winner). Currently running at a 90-95% success rate. With the high spread, its essential to maintain a high success rate. Will be working hard at this next week.

IMO, best "bet" is to get a data set and back test it... Rule out the sheet strategies early on.

Running an untested system live, is a recipe for disappointment, and poverty imo.

Many things just don't work. Some of them in very subtle ways.

[Especially when not subscribed to Doc's professional edition ;) ]
PARTY! NORTH KOREA! SATURDAY NIGHT! BYOF (bring your own food)

#41 Slappy

Slappy

    Doctor of Stock Proctology

  • Members
  • PipPipPipPip
  • 2,491 posts

Posted 20 September 2009 - 08:44 AM

A little tid-bit from Mauldin's weekly letter...

...

It seems the US Bureau of Labor Statistics, in the CPI next week, will treat the subsidy received by those 800,000 car buyers who bought a car in the "Cash for Clunkers" program as if the price of a car fell by $4,500. Really? My tax dollars account for nothing?

This does several things. It will decrease the inflation used to adjust the GDP for this quarter. Not the end of the world, but annoying But what really matters is that the CPI is used to calculate Social Security increases and interest paid on TIPS.

....



#42 Rationalize

Rationalize

    Doctor of Stock Proctology

  • Members
  • PipPipPipPip
  • 2,861 posts

Posted 20 September 2009 - 08:53 AM

A little tid-bit from Mauldin's weekly letter...

And to calculate some government levied fees. Low CPI is good, but not all good for Uncle Sam.
PARTY! NORTH KOREA! SATURDAY NIGHT! BYOF (bring your own food)

#43 Lemur

Lemur

    Professor of Stock Proctology

  • Members
  • PipPipPipPipPipPipPip
  • 5,134 posts

Posted 20 September 2009 - 09:45 AM

IMO, best "bet" is to get a data set and back test it... Rule out the sheet strategies early on.

Running an untested system live, is a recipe for disappointment, and poverty imo.

Many things just don't work. Some of them in very subtle ways.

[Especially when not subscribed to Doc's professional edition ;) ]


Not sure how you get a back tested data set for a discretionary scalping system. What I have been doing instead is doing the trading live with v small position size (I dont like the demo approach as I find I get too casual with the trades when its just virtual money). As confidence grows with the approach, my plan is to scale up position size.

#44 Lemur

Lemur

    Professor of Stock Proctology

  • Members
  • PipPipPipPipPipPipPip
  • 5,134 posts

Posted 20 September 2009 - 09:47 AM

Is this going to hit gold hard on Monday?

http://www.news.com....779-951,00.html

THE International Monetary Fund will sell 403.3 tonnes of its gold reserves, worth an estimated $A15 billion, to provide loans to poor countries and shore up its finances.
While the fund's executive board said it decided on Friday to sell its stocks in a way that would not disrupt commodity markets, gold prices are expected to be hit hard.

#45 DrStool

DrStool

    Chief of Stock Proctology

  • Admin
  • PipPipPipPipPipPipPipPipPip
  • 83,390 posts

Posted 20 September 2009 - 09:48 AM

The clunkers program, like the first time buyers $8000 credit, increased the nominal price of these items. Some adjustments to the reported prices are appropriate. Without these props, buyers would not have paid what they paid. They also created artificial volume and artificial shortage which further raised nominal prices. With the clunkers program ended, the volume has collapsed, and the shortages will soon enough turn into surplus again as the supply channels are refilled.

We are in the teeth of a deflationary storm. At the same time, certain asset classes are inflating. That's the way it has been and will continue to be, although I think those classes that will continue to inflate will narrow considerably at some point in 2010.

If your portfolio has you feeling irregular, for fast, long lasting relief, take a subscribatory. And support your local Stool!





Stock market portfolio giving you the runs? See Dr. Stool.

Take a subscribatory!
Download 
The Anals of Stock Proctology now!



The Daily Stool - Stock Market Message Board
Stool's Gold- Gold and Precious Metals Forum
Look Out Below Message Board

Support your local Stool Board.


The Al E. Greenspeuman designer line at Stoolmart. Get yours today! Click here now!
Get Mugged!


Dr. Stool's
Book Search

Enter title, author, or keyword
Just books
All Products





Old Stool Depository

Live Steaming Pile Chart