Here is my short term target, 125, 123, 120. we can have a good rebound at any of these price levels. the selling on Friday was so strong that only thing will turn this down trend to up in short term is a huge gap up on Tuesday.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
KeiZai wrote:Agree with you BB52x about the long term, trend is up for now and it can go to around 1315 but carefully this month, if the rumor about that two world's largest financial institutions on the brink of collapse is true we are heading to a huge short opportunity from that level
Happy New Year KeiZai
Any idea where i can get that movie "Margin Call" online?
Netflix.com only offers it on dvd
I don't need free, pay is fine, i just want to see it online
THANKS MUCH
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
1) Don’t fight price or volume
2) Tweak or banish indicators that are liars. Identify truthful indicators and stay with them
3) Trust canaries and divergences that have signaled turns in the past, but give them time to work out
4) Don’t underestimate the power of the bulls aka short-covering bears (borrowed from Cobra)
5) Don’t underestimate the power of China
6) During a market rally, avoid zerohedge. During a market decline, okay to check zerohedge
7) Put all kool-aid posters who lack verifiable chart evidence or lack a credible link on IGNOR list
8) Trust the pragmatic wisdom of Cobra
9) This time is not different
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
BullBear52x wrote:Here is my short term target, 125, 123, 120. we can have a good rebound at any of these price levels. the selling on Friday was so strong that only thing will turn this down trend to up in short term is a huge gap up on Tuesday.
Baron von HashTag
Happy New Year !!
What does it tell you when your MA ribbons compress/tighten and eventually come together to form almost a single line?
PS: of all the dumb questions I’ve ever asked you, this one is the smartest, so please reply
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
BullBear52x wrote:Here is my short term target, 125, 123, 120. we can have a good rebound at any of these price levels. the selling on Friday was so strong that only thing will turn this down trend to up in short term is a huge gap up on Tuesday.
Baron von HashTag
Happy New Year !!
What does it tell you when your MA ribbons compress/tighten and eventually come together to form almost a single line?
PS: of all the dumb questions I’ve ever asked you, this one is the smartest, so please reply
I believe it is the same as Guppy MMA. It indicates a trend change in progress. Educate me BB.
tight band in Ribbon or BB signal a trend change is in the making, but the reaction to this environment could be very volatile. a tight BB+tight ribbons around 5DMA like we are having now is very unpredictable it could swing either side real fast, but I got help from RSI to guide me which side should I bet on, this time RSI<50 so I will go with the down side bet.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
BullBear52x wrote:Happy new year Dr. Al
tight band in Ribbon or BB signal a trend change is in the making, but the reaction to this environment could be very volatile. a tight BB+tight ribbons around 5DMA like we are having now is very unpredictable it could swing either side real fast, but I got help from RSI to guide me which side should I bet on, this time RSI<50 so I will go with the down side bet.
Dear Baron von Ribbons
Thanks BB, that’s what I keep seeing
BTW: Do you mind if I “borrow” your ribbons, they’re sooooooo pretty, just like you
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
1. This is what I'm watching like a hawk. eur/usd bounced at horizontal support 1.28732 hence we got the 1-day MAD on 12/29/2011
2. RSI Daily chart positive divergence. Why this is huge? I already checked and the last time there's a RSI positive divergence on the daily chart is when Moses received the 10 commandments from God (well, that's how long it has been, lol)
3. Once eur/usd breaks the down channel, we will see SPX rallies like there's no tomorrow
4. Commercial traders are heavily long EURO while non-commercial traders are heavily short EURO. I received this tip from someone on Daneric site to confirm my belief on the eur/usd about to rally hard (http://www.cftc.gov/dea/options/deacmesof.htm)
I am holding a few spy puts over the holiday weekend. Need comments and suggestions from y'all. Happy New Year everyone!
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Last edited by tdo722 on Sun Jan 01, 2012 9:51 pm, edited 2 times in total.
BullBear52x wrote:Happy new year Dr. Al
tight band in Ribbon or BB signal a trend change is in the making, but the reaction to this environment could be very volatile. a tight BB+tight ribbons around 5DMA like we are having now is very unpredictable it could swing either side real fast, but I got help from RSI to guide me which side should I bet on, this time RSI<50 so I will go with the down side bet.
Dear Baron von Ribbons
Thanks BB, that’s what I keep seeing
BTW: Do you mind if I “borrow” your ribbons, they’re sooooooo pretty, just like you
Any thing is free here, feel free to do what you want with it. too much info is not always good some times, I try to keep my chart simple and clean as possible and my FA bias to the minimum.
I see your new year resolutions, well, here's mine: 1. Trade what's in front of me, if I can not tell what it is just walk away, keep FA bias to the minimum.
My comments are for entertainment/educational purpose only. NOT a trade advice.
Happy New Year KeiZai
Any idea where i can get that movie "Margin Call" online?
Netflix.com only offers it on dvd
I don't need free, pay is fine, i just want to see it online
THANKS MUCH
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
tdo722 wrote:1. This is what I'm watching like a hawk. eur/usd bounced at horizontal support 1.28732 hence we got the 1-day MAD on 12/29/2011
2. RSI Daily chart positive divergence. Why this is huge? I already checked and the last time there's a RSI positive divergence on the daily chart is when Moses received the 10 commandments from God (well, that's how long it has been, lol)
3. Once eur/usd breaks the down channel, we will see SPX rallies like there's no tomorrow
4. Commercial traders has heavily long EURO while non-commercial traders are heavily short EURO. I received this tip from someone on Daneric site to confirm my belief on the eur/usd about to rally hard (http://www.cftc.gov/dea/options/deacmesof.htm)
I am holding a few spy puts over the holiday weekend. Need comments and suggestions from y'all. Happy New Year everyone!
I would use DBV over Eur/usd. if you want to see the liquidity side of thing.
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Anyone here paying attention to DAX, who could give me some input on whether it leads or lags spx.. Quite a huge gain today which may imply a gap up tomorrow on the spx?
Thanks for all your insightful comments, may 2012 be a prosperous year for all!
PAGING NDD: Cobra usually notes that DAX leads these days
EU PMI reported slightly up this morning according to Reuters: http://www.reuters.com/article/2012/01/ ... 6220120102
Also click on the financial sector link below for Ned Davis comments on US banks vs EU banks
PAGING OTHERS: Everyone has noticed that the comsumer staples sector has a bullish percent currently at 85%.
Here is a brief Ned Davis Research update on the XLP sector http://screencast.com/t/ZyE1M7uMy3
and the financial sector:
“…(Watch for the relative performance of Financials and European Banks to breakout of their trend channels.) For now, however, we continue to side with the weak tape, given growing risks to the economy and euro-zone banks…” http://screencast.com/t/SSMVw5nmfD7v
and the energy sector:
(containing this one-liner especially for Baron von Ung: “Natural gas is trading at an historic discount to crude oil at 29:1.”) http://screencast.com/t/XMF2ZmU1DTbR
Any suggestion too which instrument one should use if one is aiming to keep a positions in the long term account (5-10 years) and/or reasons to why not start investing asap.