1:41pm
NFLX continues it’s strong downfall (just like any bubble that bursts), that’s why i’m glad Alerts & Analytics shorted it! Moreover, another player that could see trouble ahead is AMZN with an incredibly extended chart… I think we might be getting a reversal on this name.
8:43am
US economy adds just 39,000 Jobs, consensus was an addition of 168,000 with unemployment at 9.5-9.7. Turns out unemployment shoved higher to 9.8%. All this leads to the belief that we are not out of the woods yet. This should have been an incredible jobs number and now the bears can take the reigns back and shove us lower.
Again, i’m not playing the SPY directly (i’m neutral on SPY). But I suggest playing oversold and overbought stocks here.
6:10am
Alright, just got to Paris, France. But here are my thoughts, don’t buy the overbought buy the oversold. If we do rally to new highs with resistance at 1250 on the SPX, my guess is CSCO will be one of those winners. Even with a rough earnings call, last time it traded below my channel, it rallied 25%.
Here’s the daily:
Your graph for csco seems old, but I agree with Long CSCO @ 19.20
Quite heavily in it.
ANW also feels like it’s overdue for a push up.
Any thoughts on CEG? feels like it’s under resistance trendline, but feels like it can break through this time.
This is a very good thing to have for today btw. Happy Holidays everyone!
http://www.spoofee.com/index.php?section=deal&did=703904
Total disappointment in employment numbers. Took everyone by surprise look for downturn.
crusher!!!!
Looks like just a retest of the Nov high as evidenced by the put/call ratios. Im still concerned that bad news will only accelarate QE2 spending. The same way consumer spending is good news while earnings is flat to down. I would at least expect today to be red. Who knows what Monday brings.
WASHINGTON (MarketWatch) — Job growth unexpectedly stalled in November, the Labor Department said Friday. Total nonfarm payrolls increased a slim 39,000 in November, much lower than the 155,000 gain expected by Wall Street economists. The unemployment rate moved up to higher to 9.8% in November from 9.6% in the previous month. Economists forecast the unemployment rate to hold steady at 9.6%
Don’t you wonder who makes these consensus numbers? Talk about being in the wrong game. I could have guessed that number better in my sleep ffs. How on earth can they think +168K and a “RANGE” of 100k to 200k and in fact it comes in at 39k?
well..and how is the adp # off so much from these #’s..that # on wed is what got everyones expectations up
Dollar is taking it in the arse look out below timber.
Id rather see dollar tank pre-market as it is more reactionary to dollar during market hours. If the dollar inches back up during market – its will just keep market down.
looks like the spin is looking at the numbers as the glass half full…10am 2 data points…I think that is when we get a true direction…1225 break…we are off to the races
Could be a good buying opportunity this morning for those of us who missed this bounce..
I’m look for a second dip on the intraday charts before adding to my existing longs.
Dollar action is interesting. Looks like Bernie won’t be going away anytime soon.
dsavill, what is your prediction for market move today?
Typically as you know when the dollar goes down the market goes up and vice versa. Premarket that is not the case. Right now futures down and dollar down. I am tending to think gap down open and then with other data coming out MAYBE that will take us back up. EOD I see pretty much a flat day. Will not be as exciting as it has been the last few days. JMHO
Here is market manipulation at it’s best I must say. We all know employment numbers are bad ,have been bad, and little hope of being any better but when these morons come out and hype it all up knowing good an well that there is no way in hell numbers will get to 200K and getting everyone all excited only to come out with horrific numbers that is just pure BS. Nothing has changed from yesterday but with this BS media crap it will down the market. If they came out with a far lower consensus, other than an off the wall call, and said 25k-50k increase then the market would be just fine. This is their game to not let the market run up as fast as it has done in the last few days. They puttin the “brakes” on to move it more gradual sideways to up.
I hate being so cynical, BUT I think you’re correct.
You mean they sand bagged it… just like every analyst sand bagged every earnings report since Wells Fargo came in with 4 billion record earnings back in march 09 when every other bank was worried about going down. Sand bagging everything from the news to earnings has been the norm.
I mean if you look at the whole market picture losing 40points on an open and gaining 350 points the last few days is not bad at all. I will give 40 points to get 350 wouldn’t anybody? IF the dollar continues down the momentum will come back and market will turn green. I’m thinking the factory orders and ISM numbers will be better than expected which will take us up. If anything this is the time to buy the dips and rock on. GLTY
Shorting the VXX is a no brainer. Market goes up- VXX down. Market goes down -VXX down.
VXX is tracking VIX futures (first and second month). It is not tracking what traders think about the VIX today(that is the spot VIX); it is tracking what traders think about the VIX over the next few months. After the last two trading days, I would expect there to be very little fear about a big move downward in the markets over the next few months and the drop in VXX reflects that.
I agree as Dec light volume looks pretty safe and as long as wave 5 doesn’t end prior to Jan 31. VXX shoud keep going down.
Yep. I’ve never tried to short it though. I’m going to put that on my radar. Thanks for the idea!
What I tell ya’ll back to green bay-beeeeeeeee!
I see a flat day probably will keep my hands in my pocket until Monday..
I am willing to bet volume will drop off huge later on so look for a sideways to slightly up day..
Somebody posted this at the end of the day yesterday:
“Idan and Woo checked out after they got their @$$e$ handed to them over the last few days. A lot of guys follow Woo and he was confident we were headed to 1140…major lube needed for those followers cause they took it hard!!!”
This is disgusting! There are only a few people here that actually share trades in real time. It takes guts to do that because there is no way to hide it if the trade goes badly. Nobody is going to be on the right side of the trade all of the time. Why would anyone posting trades in real time have any incentive to keep sharing their trades if someone is going to come on after the fact and insult them (and the people that followed them on the trade) whenever they are wrong?
I can answer that. Idan and Woo are just trying to help people here (which speaks volumes about their character). I was around a good bit during the StockTock days and I can tell you that Woo is an excellent trader (much better than me or basically anyone else here). I don’t always agree with his trades but I always listen. I’ve also learned a lot about trade management from Idan’s posts.
Morris, well said! It does take a lots of guts.
Totally agree. I do not post a lot … but have been here for last 2 yrs … from stocktock days. There are few whom you can follow and Idan, Woo and yourself.
Totally agree Morris that was a very uncalled for post.
I wrote the post and I feel that way…I know guys that lost money. I was saying 1-2 days before that to stay the hell away from short positions. You guys can go play patty cake with your buddies. GL.
It was an extremely risky time to be in any positions, let alone near term puts on the spy!!!!!
Look, I was also posting that we should be long (all of my entries into ERX, GDX, TNA, UCO, and SPY calls were posted here before the big move up) and I even commented on a number of Woo’s posts that I was taking the other side of the trade. However, it was done in a respectful way since I appreciate his desire to help people here even if I didn’t agree with him on that particular occasion. Insulting good people that are just trying to help is really rude. Are you really trying to defend that post?
I think you should start posting trades in real time and we’ll see how you stack up against Woo over a one month time frame. What do you think?
I’ll post against Woo all day anyday. I took back the comment on Idan. I just meant I hadn’t heard from him but he was not the one making the bad calls. I’m not the one that ‘disappeared’ from the website on a bad call. It is what it is. I just want people to understand the risk they are taking by blindly following those recommendations. EXTREME RISKS WITH NEAR TERM PUTS WHEN SUPPORT HADN’T EVEN BROKE DOWN. DO YOUR OWN HOMEWORK AND DO NOT FOLLOW A GUY ON A FREE BLOG!!
Also, people who post trades here are not responsible for any losses that others who follow those trades may incur. If someone pays for trading information, they have a right to complain if it doesn’t go well. However, information on this board is given freely.
I’ve called out Sam too. If you only give praise to people on their winners that’s all that gets brought up. Someone also needs to keep them in check otherwise you have to listen to 10 bullshit comments a day from Sam.
Sam is different; he is clearly a fool. Woo has been here for years and has posted way more winners than losers. He doesn’t have to be here every day; he has a real life and job like all of us. You don’t have any idea why he wasn’t around yesterday. I don’t care if you argue for your trading ideas before the fact but calling people out after the fact in such a rude way is ridiculous.
I checked. The number of trades you have posted here in the last two weeks = 0.
My bad. Ill shut up. Last thing I want to do is chase someone away from giving good advice. We all have winners and losers. I just prefer low risk high reward trades. Imho that was the exact opposite. I will post my next trade for you.
That was the one trade I ever saw Woo not being right on, and probably because he bailed too quickly. IMO there was TA arguments supporting a drop and I also seem to recall Woo actually got out even or green on some of the puts and bailed very quickly on others. I dont know what decay would have done, but I suspect they would have been profitable had he held (I’m not suggesting bailing was not the right move, drop this am likely due to surprise in employment #’s). By the way, your call from the other site you post on was way off (Jeffyla) so it happens to brilliant geniuses all the time.
I don’t post here much but I agree with Morris as well. I’ve been here for a year or two back when stocktock was around. People don’t need to hear bad comments about how bad a trade went. They know it already. Just looking at their account will remind them and they will feel the pain if they lost much. No one needs to rub it in. If you were 100 percent long and a terrorist attacked and the market dropped 50 percent before your stock could sell, no one would want to hear it rubbed in about how they should have been in cash even if someone posted such a comment two days earlier.
I would like to thank Morris, Idan, Woo and anyone else who posts their trades here. Do your own homework and don’t follow blindly. Carl Futia was even predicting a drop to 1146 to 1150. PUG had a better call. I still believe we may see these levels early next year after it goes up first.
Yetserday I TOLD before market opened that no matter what job data are, I am bulish beacuse big boys are bullish. Today you see what I EXACTLY TOLD you before. After such a huge bad job data, market had a veru HUGE rally yesterday and today also clearly does not want to break down. HUGE HUGE HUGE HUGE and POWERFULL anlysis from me.
SWBB
what about your post very recently, before the DJ 300 point jump, calling for SPY decline to 1150? Selective amnesia I presume?
Betweeen all your neurotic posts, you conveniently comment both ways and then hand pick the ones that falls your way…what do the big boys think about that?
Yea you are so HUGE HUGE HUGE full of crap. Your FAS ain’t doing crap.
Unfortunatly people do not understand the market. I am very POWERFULL in trading not investing. I am not longer term investor. when I say market ma go to 1150 that was at leatest 7 to 10 days ago. Big boys chnages thier mind and smart and powerfull trader always catch this befor it happen. Look at my post during last 4 days. THey all have dates and time and you will see EXACTLY the lasy day we has sell off I STRIONGLY said today is the day that we should buy for a huge rally. I did know know exactly where the low would be BUT I said today I am goig long HUGE HUGE and I went beacuse I said I am going long.. LOOK AT THE ALL MY POST AT BELOW , EVERY WORD I SAID WERE WORTH TONS OF GOLD
SWBB
sam says:
November 30, 2010 at 8:32 am
Today I want to sjow the fisr world class method how to make huge money. As you know I hate EW and people who say ok market either goes up (primary count) or either goes down (Alter count) then if market does up they say give us more money beacuse my primary count was correct. if market drops they say ok give me more money beacuse my alter cout was correct. And it is intersting that people still listen to these BS.
Now this is the first world class of trading from me . I TOLD YOU that i am long 200 shares FAS at price 25.5. I TOLD YOU i am looking to average down once price come down enough. NOw I would like to tell you that today is the day. I am going buy 300 shreas more. Very streight forward, Very STRONG
I will tell you my averall average down today. I will buy 300 in 3 parts. The first part id right at open then later the day depens on price action.
Financila should start rally very hard soon based on big boys action that I see.
SWBB
==================================================================
sam says:
December 1, 2010 at 8:27 am
N one in the world can do what i d in the marke. Look at my post yeterday. I STRONGLY knew that yesterday I should go long and I CLEARLY told you that I am bullish. HUGE profit. Market is up HUGE in premarket and I TOLD YOU THIS Yesterday een before market opned. Unfortunaly people never understand. They said no you are underwater and blah blah blah. . Well what i can do to someone who does not understand simpple stuff in market. All EW blogs I follow were compltely confused and said ok, count #1 market will go up, Count # 2 market will go down, they ask formore money.
BUT me very CLEAR and STRONG pick the top and bottom. I am huge huge huge.
SWBB
========================================
sam says:
December 2, 2010 at 8:27 am
As you all guys know I told everone 2 days ago when market was down huge at open and when all people around the wrold were confused whether tey should go long or short I STRONGLY AND CONFIDENTLY psaid and TOLD YOU that I am buying FAS amd AMZN. I bught and I bought HUGE amount of SPY calls. HUGE HUGE HUGE profit so far.
I had plan to hold my longs until 1230 in s&p, but since the size of profit in some of my longs like SPY calls are very very very huge, I have to start selling and book my profit today and tomorrow, but I wil hold half of them for Monday also.
SWBB
Reply
sam says:
December 2, 2010 at 8:28 am
job number in not out yet nither today nor tomorrow, but do not care. big boys are long i am long, no matter what is happening in job.
SWBB
Reply
sam says:
December 2, 2010 at 8:31 am
Look at the below link. You will find how strong Mr Ben was supporting SPY 118 in last couple days. That was a very clear massage for STRONG and POWERFUL trader like me to go long huge 2 days ago when market was at SPY 118 support.
SWBB
http://www.etf-corner.com/markets/2010/12/spy-somebody-is-buying-this-market-.html
Poor little man…you just try so darn hard don’t ya?
When job growth this bad, and market response still not bad. Bull seems pretty strong
I sold my ERY with a 6% loss.
Follow Idan, bought CSCO at 19.10
It looks like a posit divergence of the stochastic on the daily CSCO. I just don’t like that big gap down and I feel like it may keep going down to $18 before bouncing.
I own CSCO at 19.12… I will be buying slightly lower if we can get into the mid-high 18s.. but in general.. this is a GREAT short term AND long term buy.
Morris, are you still holding TZA and SCO- both flat right now? Will you hold over the weekend?
Still holding. I also have some QID. I will post all entries and exits here. Not sure yet about holding over the weekend but I’ll let you know something later in the day. I don’t like holding oil positions over weekends.
The way I am reading this market now is all the news is out. Didn’t really do that much to affect it. I am going to assume that there will be some profit taking with the weekend upon us. In that event market will pretty much stay flat to down 20-50 points. Unless the financials pick up market ends red.
I will buy dec 126 puts when the s&p hits 1228-1230 with 75% of my account. If the market blasts past that resistance I will buy the other 25% at s&p 1247. If the market pulls back to 1228 and acts like it wants to hold I bail on all of it for a slight gain.
This is only if we hit those levels Monday or Tuesday at latest. If we pull back first then I wait til 1250 to short
FTK still on fire, damn, sorry I dont have more, I keep being afraid to add, up 18% on this bugger in probably one week. That’s after selling last lot for well over 20% gain. It’s sick (in a good way).
Here’s a post from this am from the asshat of the day, from another site.
5.jeffyla said
December 2, 2010 at 4:53 pm
The break thru 1219 pivot, retest an hour later, and a strong bounce off it makes me think 1228-1235 in the cards asap. I don’t see any bearish divergences in 60 min rsi, slow stoch, etc.
Pug can this thing just keep going up up and away like wave 3 did in Sept? There was no retrace in a wave 2. This wave 5 should mirror the July move in wave 1 right, 50% retrace in a wave 2?
Reply
This is not meant as an attack on you personally, but I want to point out that attacking someone like Woo who helps us all here so on his own time for no personal gains is really childish and uncalled for.
actually post from Jeffy was from last night, I read it this am.
Ya pug gives great advice. He would not tell you to buy puts at 1180 with support not yet broken. Even then I don’t trade off him either cause there are multiple options being shown. Gotta just see how market reacts at certain pivots. I gave my trade. I may lose but that’s how I’m playing it.
so if someone traded off your advice above, and it did not work out, should they be ranting and raving about the bad advice? No. If you follow someone blindly, you can get burned. Period. Even the best traders are not 100% correct.
So whenever you see Woo’s call again, I strongly recommend you do the complete opposite. That would make us both very happy
He’s very good Jeffyla, his calls are real time and archived if you cared to check his performance. Instead of bellyaching, either give him a FAIR evaluation or ignore his posts.
Woo time to run for President. You have a big fan club. Never seen such a big miss and have so many people that love you (even though I think everyone sticking up for you was opposite your trade, but thats beside the point.) I haven’t followed this blog all that long so I must have missed all the homeruns. Best of luck to all. I’m done with this conversation. Time to move on and make some money.
If my call is wrong I am happy to take shit from anyone. I deserve it. I will only make low risk high reward trades. Look at my post from a few days ago. I gave a very low risk entry/exit.
jeffyla says:
November 29, 2010 at 3:21 pm
Don’t fight the fed, market will go higher. Trade of the year is gonna be short the XLF at 15.5 with a stop at 15.7. I expect that around the end of December. Heard it here first. yw.
You don’t have to take shit from anybody. You’re just posting your opinion, everybody has to do their homework and be responsible for their own gains/losses.
Pug just changed his primary count to mine. FYI Tax man…
csco is just dead money…they are going to need to prove themselves next earning to get this one going
sold 600 TZA @ 17.90 (down 0.89% from my posted entry yesterday); -$96.00
should have gotten out with a small profit when it was in the green earlier today
I still have positions in QID and SCO.
getting hurt right now in SCO
Morris, some guys in OPEC said oil will hit $100. I feel stupid for purchased ERY.
Well, I’ll tell you that oil is very difficult to trade. It is very volatile and unpredictable. However, because it is so volatile, it makes for a very good trading vehicle since it always seems to be on the move.
You shouldn’t use the ERX/ERY pair for trading oil though since they do not track the price of oil (although they are influenced by it to some extent). Use the UCO/SCO pair for leveraged trades on the price of oil.
I don’t believe it will hit 100 but it can run up a little more from here before correcting. I’m about to buy more SCO.
The market is still showing strong resistance. The SPX range yesterday was 15pts low to high today it is within 5pts. I got a feeling the financials will bounce a bit this afternoon and turn it green. All comodities are rallying on the weak dollar. Just a matter of time for the usual dollar/market correlation to take effect. JMHO
bought 1000 SCO @ 10.74
It’s like watching paint dry lately…… I thought my ticker was broken for a second.
Guys thanks for all your comments up there. Overall I took a 40% loss on my last trade on the SPY puts and I posted it here. I post all my trades live and try not to brag about any gains. I’ve gone against Woo and in the same direction as him. I do my own homework and there has been a number of times that I’ve gone against the majority on this board.
Like Morris said, if you follow any trades here gains or losses, you’re responsible. Just because I didn’t make any more comments here doesn’t mean that I’ve lost my shirt on ONE trade. Let’s be positive on each other’s comments and try and learn from each other’s mistakes/trades. I’ve learned plenty here and any trader who THINKS they know it all is a sitting duck.
Ya we can all flip coins and be right 50% of the time. The market could have tanked and Woo would have been a hero. Apparently that’s how this board likes to trade. I prefer low risk high reward setups. People that overtrade the market will lose their asssss. Be selective. You don’t have to trade every minute of everyday. I hate trading wave 4′s cause you just have no clue how they will pan out. Just my 2 cents.
Thanks bud. Right now I’m just waiting to see when this sideways move will end.
Dollar is tanking but how many people think it’s a reversal, and how many people say it’s the first real counter wave we’ve had since the eur/usd tanked… just consolidation before another stronger move lower?
Interesting question. Typical with wave counts, one can see it both ways at the moment, unfortunately.
A) the move on 11/17 was the first counter wave, it retraced 38% of the initial move up. It was followed by a c-wave which nearly equaled a in price.
B) the current move touched the 38% retrace from the lows this morning and may have bounced. If so we could be in for a uptick in the dollar.
I lean towards A personally, as I still see a large H&S pattern on the daily dollar basket starting back on 3/18 or so w/ neckline near 80. Plus, I don’t see how the dollar can strengthen with the ongoing fed buying of treasuries. European failures w/o bailout is the only way IMO. That said, I’m staying away from playing the dollar…too fishy for me.
@jeffyla – i was actually out sick yesterday due to gastroenteritis, which started 2 days ago and got worse yesterday and didn’t check into work. didn’t look at emails and didn’t even look at a computer.
i have no problem admitting that i was wrong. more than anything, i should’ve minimized my risk more no matter what direction of the market i was leaning towards. overall i’ve had a great year and have been on this blog for far longer, and with a much better long term track record than you might think jeff. if somebody didn’t know that i’ve been posting here consistently for over 2 years and you based your knowledge of everything about me on 2 days of trading, then i can understand where you’re coming from. but to think that you are better than another person based on one bad trade is pretty small minded.
i also don’t understand why you take it to heart so much to the point of having to say things like we got our asses handed to us, and jumping to conclusions that i wasn’t on this board because i was either embarrassed or ashamed after making a wrong call. i have nothing to prove to you, or anybody else on this website. everyone here has already heard the shpeal about taking responsibility for their own trades. i’ve also talked about the risks involved in the trades i make and the levels that need to break to confirm the movement (i talked about the 1180s needing to break again, and especially the 1173 level). i knew that holding overnight involved risks and was willing to take those risks on my position.
go start your own blog, or get recruited as an analyst from a different site or company. we’ve blocked and warned plenty of people for rude comments. please watch what you say, and if you don’t like the administrators and posts from the regulars, i am more than happy to have one less trader here that bases too much on emotion, gloating, and focusing on others rather than their own trades. i’m fine pretending this never happened. and i’m fine with no apology. like you said, just stick to the trades and leave me out of it and don’t follow what i trade or post. thanks. and i really do wish you the best as a trader.
Good for you Woo. I will go one better, and I repeat my comment from above. Jeffyla, try going against Woo for a month, if there was a way, I would cover that action. See where that gets you.
great…now i need to have a guaranteed really great trading month. lol.
What the guy doesn’t understand is that while it is perfectly fine for all of us to share our ideas about trades and to disagree openly, it is not fine to be rude or disrespectful (unless it is directed towards sam).
i have a feeling sam is going to be really rich one day. right now he’s dealing with small money and cares a little too much about looking good in front of everyone. but i hope he gets it right and really does make those huge huge huge profits one day. SWBB.
LOL exactly Morris plus I needed a good afternoon chuckle.
Ya just new to the site. Nothing against you but I just saw massive praise given to you long before the trade was over. Best to you as well. Ill stay off your website. Too much coin flipping for me. I can go to Vegas for these kind of odds.
good luck.
Your logic is self-defeating. You say you’re new to the site, yet you’re so fast to call people’s strategies here “coin flipping”. Unless you have read back over months of archived posts, there’s really no more basis to that comment than me saying you’re juvenile and short-sighted. Do I think you are? No, not really. You’ve put some meat in some of your posts that indicates contrary. But to post knee-jerk like you do overshadows that. I’m not going to sit here and blow sunshine up woo’s butt anymore than I’d blow smoke up yours. But the bottom line is woo (and a few others) put themselves out there in real time with real trades and real $ amounts. I implore you to do the same. You already admitted your trades are fewer and farther between (“Look at my post from a few days ago. I gave a very low risk entry/exit.”). 1 trade a few days ago. If that’s your style, fine. If your opinion of people who trade more frequently than that is that they’re overtrading, that’s fine too. No one is censoring opinion or strategy here. But flaming someone for one bad call when you admittedly don’t know their history is not constructive to anyone. Again, I’m not “defending” woo. He made a bad call. He’s also made many right calls. I’m defending the civility which should be used in discussion when views don’t meet. Otherwise it just creates noise and distracts from everyone’s overall purpose – to make money. Best to you wherever you end up.
No need to quit this site… I bet you will get nice calls here. There are preety nice trades by JROD and Morris which they post
Idan, Whats your target for NFLX on downside?
Woo, Yours input?
not sure if you can view this or not…
http://stockcharts.com/h-sc/ui?s=NFLX&p=D&yr=2&mn=0&dy=0&id=p58036972787&a=204535071
NFLX is hitting some major support at the bottom right now. so there’s a chance we may have seen lows for the day.
if it can break this, we should get a much stronger break.
180 looks like next support if this current area fails. then low 170s.
NFLX has had a great year. the main question is sustainability and how that factors into pricing.
at least 180, if not 172-173.
Thnx
Morris, dsvill and mind the gap. thank you very much for your comments! great input.
Jeffyla, Woo is one of the best traders in this site, and helped so many people. But no trader is 100% right.
My pleasure Plu just hope I can point out the right marks to make somebody (including myself) some profits. Nobody is EVER 100% correct and I have been on this wonderful site a fair amount of time and I can say with due dilligence that Woo is right more than not and do appreciate all of his input and analysis that he does for everyone. To anyone that wants to play the drama game take yo arse and move on down the line.
12/03/10 14:12:00 FT2116961-856 BOUGHT 800 EXK 6.74000 Day Executed @ 6.74
800 shrs EXK long @ $6.74 / shr
My latest buy , still staying relatively small. From following a trader (the fly) who has been on a tear lately. I believe he also has somewhat of a Cramer effect, after he buys and posts other follow trade. Nice support for him…but he’s had a hot hand.
(this is taking the place of the copper ETF I was considering for a buy (long))
Follow Morris, bought 500 sco at 10.69 set 1% loss limit
Yep, keep a tight stop on these oil trades, especially if you are trading against the current trend. Good luck!
we’re also in on some SCO. some trend line resistance here in the 12 area of UCO. if UCO breaks north of this low $12 area, it’s going to spell some danger short term to any oil shorts.
I agree completely.
GMXR, is this a scalpers dream? Up Down UP Down and now up
I have a feeling Pamela Anderson will throw herself on top of me and beg me to make wild passionate love
(that was in response to Woos post in #36 above re: Sam).
never say never. pam is getting a little older though. increases your chances.
2 weeks ago me and sam were going off about silver.
he was looking for a much stronger retrace. i was saying it looks like the short term bottom is in place and we could be heading towards $34 minimum target longer term.
we sold AGQ a little early to lock in 8% profit over a week ago. didn’t think it would be like a rocket again. lol. missed out on a good run. there should be another small retrace coming sooner or later, but still think we’re looking at $34 minimum longer term.
i’ll be looking to go long again if we get in the 27s. with tight stops under trend lines.
Robert_Tax_CPA, goog luck with Pamela, hahahha!
the Pamela of yesteryears would be a nice holiday surprise!
Woo, 1st bottom of sco on Nov 10 is 10.79. Today’s low is 10.66. It looks like double bottoms or we can see it maybe it breaking previous support. what % loss for this 3x ETF do we count it to breaks previous support?
It’s a 2X ETF.
it will be different every time.
you may see multiple hits of a same area of support/resistance.
sometimes it will be a trend line/channel, so even if we get a lower low, or a higher high, it doesn’t necessitate a break.
ok Guys, I just closed my longs in most of my trades. HUGE HUGE ….. MONEY was made this week all based on huge correct and ACUURATE and STRONG forecast from me. I laos closed my AMZN with break even. This is the first week I do not wan tto hold longs over weekend as the size of money I made is so HUGE HUGE so I just want to take a rest and may not be here on Monday. HUGE HUGE forecast..
SWBB
I found a strategy in trading that has 10 X 1 rewards to risk. That means i risk 100 to make 1000. This is a HUGE strategy I found. BUT the good thing is that the change to get the reward is much higher than lossing the risk. That means I almost garanteed make tons of money on a smal size risk. I am workin gon this STRONG strategy that is not in any books and I will tell you when I am down, of course if you are intersted in that, if not so i will not bother yoy.
SWBB
Sam don’t bother. This site is all about flipping coins, those odds sound too good. I think you will get some followers on your bullshit call down below on FSLR…Tails it is…ding ding ding, we have a winner.
Good luck sam!
I just visited a couple EW blogs . They are really funny. They say ok market goes up (main count) or market goes down (second count). Then if market goes up, they say give me more money, i told you my main count. If market goes down they say, ok give me more money i told you market goes down in my second count. Anyway they want your money no question asked. and no matter what happens in market, they always have a rule to chnage thier wave count and ask for more money. How the hell anybody can make mon ey based on thies blogs, I do not know.
SWBB
I’ve been following just one EW blog but have only been making about 11 percent average gains per month for the last 4 months. I think I can do better because I’m been making a bunch of mistakes. However if I can continue averaging 11 percent per month almost every month, I’ll be very happy in a few years.
For instance I made a big mistake just last month. I jumped into a trade way too soon instead of being patient. Then I failed to sell when the trade went south and I let it go 10% down. Then it recovered after a week up 11 percent, then down, then up, then down. Yesterday I finally sold for about a 6% gain on the trade. I could have had at least a 16% gain if I had waited and been more patient. I’m learning to be more patient.
FSLR should fall hard to around 110-115 then should rally hard to 150. HUge forecast from me. I will short FSLR next week at thursday and book my profit at 110 then i wil go ong to target 150
SWBB
lol