Woo:
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Intraday Commentary ~ 02/25/2010
– February 25, 2010Posted in: Intraday Commentary, Stock and ETF Models
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Woo, can you share us with your trend line? BTW, I have a difficult time to read chart you make with black background. Idan and Uncer’s chart is okay.
If you click on the picture at the top of this page. you can click on it additional times to zoom in and get a clearer view. we’re above the trend line a good margin now.
get out of your longs before the MAR 8 close ??? this is my call.
sideways to slightly up until then.
I do see still March 5 as a turning point.
Would like to see market near Jan top. slighly below or a quick push ahead with a reversal the same day. Then down to April 16 ( next turning point)
Today my indicators have been bullish, but the opening was to low for me to take any longs at the open. I should have done this !!
I am still in part GLD short with stop above 110,2 for rest and I do have still half position in SPY Put Spreads. Exited half for a small loss today.
Hi guys,
I closed my short positions when the rebound reached 109.30. However I wasn´t expecting this bullishness
Anyway here is my take:
- bearish formation started at 02/23 was COMPLETELY invalidated
- sentiment indicators are still the in same way, BEARISH
- PPO hourly….middle of nowhere…GET OUT
Conclusion
- we had only noise. I will be glad to short again very soon. MM only placed some bull traps
- Probably we will gap down again tomorrow because we topped (PPO 15 min is already bearish)
I AM HAPPY TO BE OUT OF THIS MESS!!!!
…for oil traders only…
..last Tuesday I was forecasting that USO would reach 37.50 and finishing W4….BINGO…..it was exactely the open for today…..
Conclusion
I don´t like to trade W5…too messy sometimes..anyway we might have some rebound and some other reliable structure should start….bearish one? Could be….
http://www.freestockcharts.com?emailChartID=5b2df7f1-547b-4d05-8fd6-a7c03f9d1403
Just finished listening to the Geologist CEO of SAC.TO (soamsilver.com) a micro
miner in discovery phase of silver/indium exploration on Tom’s Stock Radio show
at TFNN.com
SAC.TO is a cheap little stock with fair prospects. Not over hyped.
I know the odds of a small miner like this has more chance at failing than success,
but when they do strike in the rare earths and metals, they tend to deliver 20 fold
payoffs.
Do your own DD as this CEO was refreshing in not being a pitchman but a professional
3rd generation geologist. Disclosure i do own a small amount bought at .16 and plan to
add to as they now have permitting in place.
SAC may take off when demand for industrial metals like sliver, indium and iridium comes
back for solar panels and electric cars.
Woo, I just saw your question for me. I never said S&P will go to 1120 this week or today. It was a while ago that I said S&P will go to 1120 and I still believe on it. I believe S&P will go to 1120 and even 1130 then we have another major correction toward that would take out the February low or may be make a double bottom around 1150. Regarding my short term prediction based on big boy’s action everything I said this week was 100% correct. 3 days ago when S&P was 1110 I said 14 hours before market open that it will go down to 1100, well it went to my direction and then broke 1100 and then went to 1094, then exactly when it was 1094 I said it should bounce now toward 1100 and sure enough big boys did exactly what they told me they are going to do. Then I gave too very exact prediction on UAUA and AIG and USO which all worked very well. Today also when S&P was down 15 point I said that is the bottom and sure enough from then big boys did exactly what they told me they are going to do this afternoon. Let me know if you have any more question. Stick with big boys.
Nice answer, my respect
Sam, I need to email you something. could you share your email or email/add me to gtalk nabbasi@gmail.com
I am not woo, but you predicted USO to go up? I did the opposite with SCO (etf) and am very healthy with my gains. What is your holding period, along with your amount of shares? I bought SCO @ 13.60 (10,000), sold half @ 14.30, looking for longer term gains, stop. C’mon big boy, post your stuff!
THANKYOU
Hey Sam
Thanks i appreciate your comments –
Could you add me to you email contacts — Thanks
Want to follow the Bug boys
MARKMILLER@AAFLC.ORG
Thank you
Wow, this is reaching new levels. I’ve only been here for a couple of months but feel compelled to post this. I am not defending Sam on his behalf since I think he is capable of defending himself.
I can certainly understand other posters’ frustration every time they see a post from Sam. I too have read some of Sam’s posts before and felt annoyed or even angry. Sam’s writing style/tone may be interpreted as gloating or not very informative at times but I have certainly seen his style change recently. Many posters have challenged him to post his thoughts ahead of a predicted move rather than coming in after-the-fact and he has been doing so as of late. Now I may have opened myself up to the wrath of this board but I think that if one is to criticize another’s flaws, then one must also give credit to another’s improvements. Most importantly, we’re all in this together trying to learn and succeed in this game.
All this being said, in the spirit of making money, can’t we all just be civil and continue help each other out? Thanks for reading…the normally scheduled program will now continue.
I agree – can someone pls use the IP zapping for the copier …..
————— DECK ———– got the hint to bail on puts. no balls to buy calls. WOW!
new 52 week high. where is all this money coming from to push these stocks.
Richard – what did you do with your IOC Mar 55 puts ?
What more can this government do to keep this House of Cards still standing? Now they want to ban forclosures and short selling with triggers at 10% intra-day loss. Are you kidding me? Hey Obama, can you pay my mortgage for me and give me a new car? How about a nice, high paying government job where I spend the taxpayers money that they don’t have!!
BANNING FORECLOSURES…………. gee….. should i bother making payments? lets ban the REPO man too………….. LMAO. are you sure about this?
the GOV wants everyone to do nothing , pay for nothing, and suffer nothing. individuals and corporations have no consequence. GREAT STUFF! if i lose money in the stock market will that be forgiven too? speculating that you can buy and pay for a house, buy and pay for a car is no different than speculating that a stock goes up or down. why dont they just pass one BILL TO COVER ALL
THE —- BAIL OUT FROM SPECULATION — BILL
They are banning forclosures if people are not run through the government program they created to adjust people’s mortgages. So, those forclosure numbers will be skewed when they come out since they’ll just have people waiting this out to see if they qualify for the stupid program.
The plunge protection team is EVERYWHERE! I just hope that the markets re-adjust like they should, which is down. With no ‘stimulus’ this market would fall apart.
Yeah, so what is your point?
They will not remove support for 2 years. Like training a tomato. Don’t overthink, don’t
fight the fred.