The Intraday US Stock Market Discussion Board
http://bbs.cobrasmarketview.com/
I should, I revisit my long term account once a month to rearrange stuff.Petsamo wrote:I don't recommend UNG long-term. I made my profit and exited.BullBear52x wrote:I owned UNG in my long term account, the biggest loser.pady wrote:Anyone think UNG is a buy ? It has been a vertical non-stop drop for a couple of years now.
I second that! Thanks!Tabby wrote:Thank you as always. good stuff.Denali92 wrote:Ok – we have the opex hourly buy signal confirmed, BUT I AM NOT TAKING it yet! That might be a mistake, BUT this year opex week has tended to trend a bit more (the last Wed low of opex week was in March and that was a pretty special low) AND more importantly post FOMC when we have headed down after the FOMC, the bottoms have been on the Thursday of FOMC week (see Sept and June of 2011 and Dec and Sep of 2010) – NOTE all of those are also quad witching months, though the FOMC is both during or after opex week), so I am going to wait on the buy signal till near tomorrow’s open.
I am also cautious because in September, if you had taken the signal on the Wed after FOMC, you got crushed! but we did bottom on the Thursday….
As for Santa rallies, they do occur…
So people are right to be expecting a Santa rally – it is just the timing of it, as in the past few years Dec opex has not produced any nasty downside moves, but they forget that in 2008 – the Monday after was the buy day for a big bounce in to the New Year…. Also, in 2005 and 2006 – the day to buy was the Tuesday after opex and in 2004, it was the Friday of opex week…. Opex week low in 2010 was on the Thursday and in 2009 it was the Friday.
Ever interesting,
-D
p.s. Also, of note – if you trade using the midcaps or the small caps, I would significantly favour the midcaps right now as they are underperforming the small caps by close to 2% in the last week
guess that means you think the LOD was put in already?proteus46 wrote:Bought TNA as a day-trade
bulls are super weak. need a little red bull to give us a healthy bounce to short.fehro wrote:little over shoot?.. hammer candle? for a bounce?
I bought XME @ 48.18. Big question is when/if to sell.proteus46 wrote:Bought TNA as a day-trade
Me. This is a buying opportunity.chocobee wrote:Anyone else picking up gold/silver around here?
i sold some gold puts an hour ago. not ready to go long it straight up quite yet.dcurban1 wrote:Me. This is a buying opportunity.chocobee wrote:Anyone else picking up gold/silver around here?
BullBear52x wrote:I got nothing flashing at me yet, you guys can front run me, I will sit tight for now.
i'm worried about this 12pm event that you have on your charts. i wish i had lightened up before-hand.uempel wrote:Al, your chart does not look bullish, no way...
Right now may not be the low of the day, but I think there may be some buying in the next 1 to 2 hours. Later today we may see lower levels.jarbo456 wrote:guess that means you think the LOD was put in already?proteus46 wrote:Bought TNA as a day-trade
I'm not sure how precise my drawing was. I rechecked and now I've got a signal at about 12.20 pm, either up or down. Al's chart is quite reliable as an indicator...jarbo456 wrote:i'm worried about this 12pm event that you have on your charts. i wish i had lightened up before-hand.uempel wrote:Al, your chart does not look bullish, no way...