9 Comments

1. Craig

   Posted January 16, 2009 at 6:35 PM

   If you haven’t seen it yet, check out the new How To section from the Trader’s Toolkit menu.

   http://www.stocktock.com/category/archives/howto/

   Let me know if you find any other posts that belong on this page. Thanks.

2. otterby

   Posted January 17, 2009 at 3:22 AM

   thanks for the ” how to ” section..a plethora of good stuff…

3. GuitarBam

   Posted January 17, 2009 at 11:24 AM

   Thank you Craig, Cool stuff!

4. Richard (permabear)

   Posted January 17, 2009 at 2:53 PM

   Next weeks trade plan for the permabear: IYR closed right at the 50ma and many in the group are beginning to break down after a violent rally Thursday. im in SRS at the close Friday as im concerned that i would not get a better price than $60. my buy range is $50-60 and my sell range is $65-$75. with heavy resistance at $80. a break through 80 on volume could lead to a large spike. if it gets refused at 80 ill sell on the pull back below $75. im biased to the downside as the charts match the November pattern. im watching like a hawk and will escape the trade quickly if the bulls prove their strength.

   http://stockcharts.com/h-sc/ui?s=iyr
   http://stockcharts.com/h-sc/ui?s=frt

   the russels have been a leading indicator lately. the chart looks to be forming a bear flag and ive put in a short order just above the 50ma.
   http://stockcharts.com/h-sc/ui?s=$rut

   good luck everyone… of course we all hope Obama can solve the worlds problems but as we have heard before… hope is not an investing strategy. look to the charts.

   • Tom (formally known as tom)

     Posted January 17, 2009 at 5:01 PM

     Richard,

     I too am looking for the right time to enter SRS. While you are probably safe with your hold-over, that sure does take some guts. Hopefully some negative news comes your way by Tuesday. I hope to get in on the next expected pullback of SRS (once the indicators all line up the way I like it). Here is how I saw the end of the day. I’m not a pro at this, so if anyone thinks I am reading the charts wrong – let me know.

     Hey, Crawford if you see this – notice that I used the log scale!! See, I listen to you!

     30 Minute
     http://social.stocktock.com/photo/srs-30min-011708?context=user

     3 Minute
     http://social.stocktock.com/photo/srs-3min-011708?context=user

     • Richard (permabear)

       Posted January 17, 2009 at 6:52 PM

       agree.. bit of a risky time to buy with not all indicators pointing my way. on the other hand… options ex action is very deceptive. looking to the IYR chart for my entry point and maybe that is an error. the end of day selling in SRS is very questionable without a coinciding end of day rush buying in IYR…it is an emotionally driven sell…fear of gap down. those sellers will be quick to re-enter the trade if it gaps up. Tuesday will tell us. only took 300 shares and will add on weakness Tuesday. you can let me know when you see a definitive buy signal and ill add at the point maybe it will be at $64 at which time ill be happy to add on. however, even with a clear buy signal it will be tough to take more above $65 as the action above that level has been tough to read and quick to turn. it has failed moves above $65 in the past week. exciting if it can capture $65 cleanly… $80 may be the next bus stop.

     • Schweizer

       Posted January 18, 2009 at 5:38 AM

       LOG scale should only be used on long term charts, 3 years or more.

5. Richard (permabear)

   Posted January 17, 2009 at 5:20 PM

   if we all remember Craig’s posts back in October. it was TED spread TED spread TED spread. as it went up and up and up. we have not heard much from uncle TED lately and im wondering if anyone has any comments about its steady decline and the implications it will have on debt and equity markets this year. OR, is it about to turn back up again? anyone want to provide guidance. my understanding is that it is a positive but is it enough to outweigh the overly negative tone of mounting layoffs and dismal earnings prospects?

   • zerosum

     Posted January 18, 2009 at 4:30 PM

     i wonder if TED is as relevant anymore…if it measures the loans between banks…now the banks don’t have to borrow from each other they just go to the fed or other gov’t cash pot…so we aren’t seeing what the real price is if everyone had to borrow from each other…hope this isn’t too confusing…

     i would be interested in knowing not only the TED spread but the volume of money being measured…and even who is borrowing…if its only the best of breed and all the rest are going to the gov’t for overnight…it’s not apples to apples and is giving a false sense of security to the market

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