I_Am_Madness Posted December 23, 2009 Report Share Posted December 23, 2009 Question for Madness if I may. If 1070 breaks i'm out. I see a move to 980. Why is it that you don't consider other supports below 1070? Or do they even play a role in your judgement? Thank you very much if you care to answer this question. I believe this was a comment i made back in early Nov? If you look at the chart, like many i was playing the H&S setup. My assumption was the right shoulder should not go beyond the left and obviously it did. As price and the chart materialize, these support areas become less relevant because a new set of support line (Mid Nov to Current) emerges. I ended up honoring my trade and re-enter substantially higher on my shorts when a new set of resistance emerged. Link to comment Share on other sites More sharing options...
DrStool Posted December 23, 2009 Report Share Posted December 23, 2009 Latest Story Pushing the Envelope – Professional Edition December 22, 2009 By Lee Adler Cycle based stock screening data strengthened in all time frames for the second day in a row on Tuesday. 6 month cycle status has now gone to the buy side on balance for the first time in this move. 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. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted December 23, 2009 Report Share Posted December 23, 2009 With the Vix crashing check out the put premium on the put options above 620 for Jan 2009 on GOOG. 2 bucks for the 620 and almost non above that.....I have never seen this before. Goog reports earning in mid January right before option expires. They essentially giving these away. Link to comment Share on other sites More sharing options...
risk_management Posted December 23, 2009 Report Share Posted December 23, 2009 Thank you Madness. You actually made that comment today. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted December 23, 2009 Report Share Posted December 23, 2009 Thank you Madness. You actually made that comment today. LOL...that was meant for GOLD. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted December 23, 2009 Report Share Posted December 23, 2009 LOL...that was meant for GOLD. My thinking is...if 1070 don't hold i can't see how this bull market will let EVERYONE back in at 1028 (breakout point). That would be TOO easy. We either stop right here or blow past 1028 to the downside. Link to comment Share on other sites More sharing options...
Speakeasy Posted December 23, 2009 Report Share Posted December 23, 2009 Can't decide whether this woman is more powerful or less powerful than Lorena Bobbitt. http://www.twincities.com/news/ci_14051160?source=rss Officers were called Friday night to a domestic disturbance in Winona. Williams says the man pulled down his underwear for police and showed them a large tear on his genitals. There certainly is an investment lesson here. Be very careful into whose hands you entrust your family jewels. Link to comment Share on other sites More sharing options...
Charmin Posted December 23, 2009 Report Share Posted December 23, 2009 Mr. Widget says their pushing price a tad bit harder into a day number 2. If the red/blue don't oscillate higher with the green 8 day rising on day number 3 (tomorrow) then price may stagnate. Link to comment Share on other sites More sharing options...
risk_management Posted December 23, 2009 Report Share Posted December 23, 2009 Oh boy. I meant gold but didn't notice you posted spx chart. lol Time for bed. I better not place any trades tonight. LOL p.s. Like your reasoning on 1070. Thanks. Link to comment Share on other sites More sharing options...
Drano Posted December 23, 2009 Report Share Posted December 23, 2009 Musical interlude, an oldie but both hilarious and catchy. http://www.youtube.com/watch?v=ZA1NoOOoaNw Link to comment Share on other sites More sharing options...
Ags Nightmare Posted December 23, 2009 Report Share Posted December 23, 2009 With the Vix crashing check out the put premium on the put options above 620 for Jan 2009 on GOOG.2 bucks for the 620 and almost non above that.....I have never seen this before. Goog reports earning in mid January right before option expires. They essentially giving these away. don't know if that's bullish or bearish anymore....now that the currency trade is a one way ticket to bull heaven, that may be telling you something...don't short...it's a short squeeze indicator now... the VIX went to 10 during the second bubble... on the other hand...I've never seen so much bullishness and puffiness on Crapvision as I have the last week....Maria was cackling like rooster after hours...Whiskey Haines keeps massaging his bottom.... Kermit the Frog showed up belching out visions of 1500 SPX and lastly Cramit raised his target on Scamazon tonight....again...230 something..."no brainer"...the 2000 bullsheet mania meter is spinning like a top... Link to comment Share on other sites More sharing options...
Charmin Posted December 23, 2009 Report Share Posted December 23, 2009 When price goes higher and stochastic diverges then does it pull back again to fill our recent gap? Link to comment Share on other sites More sharing options...
Drano Posted December 23, 2009 Report Share Posted December 23, 2009 There certainly is an investment lesson here. Be very careful into whose hands you entrust your family jewels. Update: according to TV news, the woman denies yanking the guy's stuff, says she kneed him. With friends like that, who knees enemies? Link to comment Share on other sites More sharing options...
Charmin Posted December 23, 2009 Report Share Posted December 23, 2009 TBT - I wonder if 48 is history http://www.StockSharePublishing.com/ChartL..._1261542254.png Link to comment Share on other sites More sharing options...
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