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Started By
Message
re: Dont let today's fools gold fool you.
Posted on 10/11/11 at 8:12 am to TheHiddenFlask
Posted on 10/11/11 at 8:12 am to TheHiddenFlask
LINK
found a good read in usatoday talking about the trading range we have been dealing with in this thread.
this has nothing to do with my buddy, I found this on my own.
I still have not talked to him in several weeks.
I just feel like there is really nothing worth talking to him about until we break this current trading range.
he can't be anymore clear then he has been.
he expects us to trade down to the next range to around 1015 to 990 or so.
something I would highly suggest if you want to make a short-term trade is to buy a few inverse ETFs based on the s&p any time the market trades up to near the resistance level of 1220ish.
because if my friend is correct in his prediction(and he has been 100% with everything he has told me the last 5 years) it must retrace down again to the support level.
that's a 10% gain, and if you use a leveraged ETF with margin you are talking about serious money.
this is what the smart people do.
I will most certainly talk to him again maybe even today to get a completely updated view from him since its been a few weeks
found a good read in usatoday talking about the trading range we have been dealing with in this thread.
this has nothing to do with my buddy, I found this on my own.
I still have not talked to him in several weeks.
I just feel like there is really nothing worth talking to him about until we break this current trading range.
he can't be anymore clear then he has been.
he expects us to trade down to the next range to around 1015 to 990 or so.
something I would highly suggest if you want to make a short-term trade is to buy a few inverse ETFs based on the s&p any time the market trades up to near the resistance level of 1220ish.
because if my friend is correct in his prediction(and he has been 100% with everything he has told me the last 5 years) it must retrace down again to the support level.
that's a 10% gain, and if you use a leveraged ETF with margin you are talking about serious money.
this is what the smart people do.
I will most certainly talk to him again maybe even today to get a completely updated view from him since its been a few weeks
4
Posted on 10/11/11 at 5:01 pm to Baylor
quote:
this is what the smart people do.
Posted on 10/11/11 at 5:02 pm to kfizzle85
quote:
Just a bunch of whining bullshite and e-dick measuring on all sides.
Posted on 10/11/11 at 10:46 pm to Baylor
Ho much will Slovakia's EFSF vote affect the trading range? If vote is yes, how high will range go? If vote is no, how low will range drop?
There is no investing when environment is so uncertain. It is merely speculation.
There is no investing when environment is so uncertain. It is merely speculation.
Posted on 10/12/11 at 11:39 am to Baylor
quote:
if you want to make a short-term trade is to buy a few inverse ETFs based on the s&p any time the market trades up to near the resistance level of 1220ish.
because if my friend is correct in his prediction(and he has been 100% with everything he has told me the last 5 years) it must retrace down again to the support level.
Trading at ~1212 ...
Posted on 10/12/11 at 11:40 am to 1984Tiger
quote:
Trading at ~1212 ...
He clarified his 1% error margin after it hit 1230.
Posted on 10/12/11 at 2:10 pm to Chad504boy
Just to let everyone know I just purchased a proshares 2x inverse s&p ETF at 1219.
I plan on riding it down to at least 1120.
This is only the 2nd time since may that I have made a short term trade while waiting for the bottom.
We hit 1220 yet again at the top of the range.
As you can see for the 4th time in a row it's falling flat as soon as it hits this strong resistance.
One of these days it's going to trade through this 1100ish to 1220ish trading range.
When it does, you can expect a tremendous rally if it closes above 1220ish for more then 1 trading day or a huge freefall down to our 1015 to 990ish level if it closes below 1100 for more then one consecutive trading day.
You already know which one of those two scenarios my buddy thinks the market is going to take.
I plan on riding it down to at least 1120.
This is only the 2nd time since may that I have made a short term trade while waiting for the bottom.
We hit 1220 yet again at the top of the range.
As you can see for the 4th time in a row it's falling flat as soon as it hits this strong resistance.
One of these days it's going to trade through this 1100ish to 1220ish trading range.
When it does, you can expect a tremendous rally if it closes above 1220ish for more then 1 trading day or a huge freefall down to our 1015 to 990ish level if it closes below 1100 for more then one consecutive trading day.
You already know which one of those two scenarios my buddy thinks the market is going to take.
This post was edited on 10/12/11 at 5:47 pm
Posted on 10/12/11 at 3:05 pm to djmicrobe
Ho much will Slovakia's EFSF vote affect the trading range? If vote is yes, how high will range go? If vote is no, how low will range drop?
There is no investing when environment is so uncertain. It is merely speculation.
He does not trade on news like this
only on tech and inside trading
There is no investing when environment is so uncertain. It is merely speculation.
He does not trade on news like this
only on tech and inside trading
Posted on 10/12/11 at 3:18 pm to Baylor
quote:
only on tech and inside trading
SEC! SEC! SEC! SEC! SEC!
Posted on 10/12/11 at 3:24 pm to AuburnTiger08
Its all open info for anyone to see
Not the kind of inside info you are thinking of
Not the kind of inside info you are thinking of
Posted on 10/12/11 at 3:27 pm to Baylor
quote:
inside trading
Posted on 10/12/11 at 4:08 pm to AuburnTiger08
quote:
SEC! SEC! SEC! SEC! SEC!
I did this during the LSU/UF game at a bar in Houston just to piss off the UT people. Decisions, they become poor when drunk.
Posted on 10/12/11 at 10:14 pm to Baylor
quote:
found a good read in usatoday
quote:
this is what the smart people do.
Posted on 10/13/11 at 8:11 am to Baylor
quote:So you were wrong again about not hitting 1,220 again?
We hit 1220 yet again at the top of the range.
This post was edited on 10/13/11 at 8:12 am
Posted on 10/13/11 at 9:39 am to LSURussian
Baylor mentioned that it isn't investing but speculating to trade this market. Hey bud, trading always = speculation.
Posted on 10/13/11 at 12:05 pm to LSURussian
quote:
So you were wrong again about not hitting 1,220 again?
:beatdeadhorse:
Posted on 10/13/11 at 12:44 pm to LSURussian
quote:
So you were wrong again about not hitting 1,220 again?
ummmm
Sometimes I feel like I repeat the same thing over and over again
Just when I get the feeling that I have said the same thing for one time too many.
I get a comment like this that conferms to me that there is no such thing as saying something too many times.
All I can tell you dude is read read from pages seventeen to now.
Posted on 10/13/11 at 12:47 pm to Baylor
quote:
Yes that sums up what my buddy has been saying. We hit the eleven hundred mark today. No if's and or buts about it. but important to note. We have not tested it yet. What I mean is we are still well within the 1100 to 1220ish trading range. It would not surprise my friend if it test the 1220ish levels yet again. That is not a prediction. Its just a statement on the fact that all thats happened is we hit the low end of the 1100 to 1220ish trading range that we have talked on for months. Just like it rallying to 1220 did not mean my friend was wrong. In the same light dropping slightly under 1100 does not make it right yet. All we have done so far is define the 1100 to 1220ish trading range. 1100 is still the support level. Until 1100 switches places and becomes the resistance level we are still trading in the same 1100 to 1220ish trading range.
yet again
said that when it was 1096
This post was edited on 10/13/11 at 12:49 pm
Posted on 10/13/11 at 12:51 pm to Baylor
Whenever you put qualifiers like "it would not surprise me" in front of a statement, you have almost a 100% chance of being right. The only way you could have been wrong on that statement would been if the market blew through 1220 and didn't look back until 1350 by your standards.
Watch: It wouldn't surprise me if the markets open 2% up tomorrow morning.
Watch: It wouldn't surprise me if the markets open 2% up tomorrow morning.
Posted on 10/13/11 at 12:59 pm to Baylor
Mr Flask.
There are many ways I can get the prediction wrong.
YOu mentioned one of them.
I will repost my post on page seventeen again for the 4th time to show you the other way I can get it wrong.
There are many ways I can get the prediction wrong.
YOu mentioned one of them.
I will repost my post on page seventeen again for the 4th time to show you the other way I can get it wrong.
quote:
Until it goes under 1100 for a few days or goes higher then 1220ish for more then a few days we have not seen anything significant. Although we could once again test the resistance level of 1220ish again make no mistake my friend agrees without question that we WILL go under 1100 and stay under 1100 for a good period of time.
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