Thanks. I was thinking from a daily/weekly perspective rather than an intraday trading perspective. If I had the foresight to liquidate my retirement account to cash or at least hedge it somewhat back in May/August/October I could have saved some pain. Just trying to figure out if we've gotten the signal to protect long-term holdings or if this is just a hiccup in the longer term (weeks) uptrend.
Cobra wrote:
L_T wrote:Cobra I re-read your post last night and was curious about this:
Even it breaks down tomorrow, before the Nov 1st lows being taken, officially the trend is still up, so bears still have a long way to go.
If we close here is the short term trend now officially down? Would you say the bears today completed what you called "long way to go" in one day's move?
still long way to go. officially the trend is still up if close right here.
trading is different however, because you trade EXPECTATION, so you cannot wait until I say, oh, it's officially down. You have to balance the risks.
I'm really scared to say this because we've got enough lessons of sharp intraday reversal recently, but, hey, this still looks like a continuation pattern, so a breakdown is a little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little little more likely.
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Look at how the market is working off oversold conditions. 5 min MACD could start rolling over again. This seems to be good for more down for the bears.
L_T wrote:Thanks. I was thinking from a daily/weekly perspective rather than an intraday trading perspective. If I had the foresight to liquidate my retirement account to cash or at least hedge it somewhat back in May/August/October I could have saved some pain. Just trying to figure out if we've gotten the signal to protect long-term holdings or if this is just a hiccup in the longer term (weeks) uptrend.
Cobra wrote:
L_T wrote:Cobra I re-read your post last night and was curious about this:
Even it breaks down tomorrow, before the Nov 1st lows being taken, officially the trend is still up, so bears still have a long way to go.
If we close here is the short term trend now officially down? Would you say the bears today completed what you called "long way to go" in one day's move?
still long way to go. officially the trend is still up if close right here.
trading is different however, because you trade EXPECTATION, so you cannot wait until I say, oh, it's officially down. You have to balance the risks.
well, for long term, my sell signal was in August I think. But if you still hold long now, I think you can wait for a few more days, officially downtrend is still long way to go, I mean intermediate-term.
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noob wrote:Hi Cobra, sorry for being stupid, but won't count on which side? Thx.
Cobra wrote:little trend line here, I won't count on it.
I won't count on that trend line as resistance, but it worked.
I usually don't read much on trend line as resistance or support.
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L_T wrote:Help me on my dividend calendar arithmetic: if the record date is 11/23 then the ex-date is 11/21 so you can buy no later than tomorrow 11/18 right?
stucap wrote:For any of you trading equity and who like to snip a quick dividend---buy a little WYNN today....
Wynn Resorts $5 dividend will be paid Dec. 21 to shareholders of record as of Nov. 23.
Record date is 11/23 depending on settlement at your broker which I assume is T+3, you should be good if you buy some tomorrow. For full disclosure, I bought some today @ 120.50 figuring I'll take my chances on with a 2 day dip
Cobra - I noticed these two holly red bars on DAX chart from your chart book last night.
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I've been a MOMENTUM trader over a decade & I only trade setups ranging from scalping, day or swing trading for living. My posts on here are ONLY FOR FUN & therefore not recommending anything to anyone. GLTA.
L_T wrote:Thanks. I was thinking from a daily/weekly perspective rather than an intraday trading perspective. If I had the foresight to liquidate my retirement account to cash or at least hedge it somewhat back in May/August/October I could have saved some pain. Just trying to figure out if we've gotten the signal to protect long-term holdings or if this is just a hiccup in the longer term (weeks) uptrend.
Cobra wrote:
L_T wrote:Cobra I re-read your post last night and was curious about this:
Even it breaks down tomorrow, before the Nov 1st lows being taken, officially the trend is still up, so bears still have a long way to go.
If we close here is the short term trend now officially down? Would you say the bears today completed what you called "long way to go" in one day's move?
still long way to go. officially the trend is still up if close right here.
trading is different however, because you trade EXPECTATION, so you cannot wait until I say, oh, it's officially down. You have to balance the risks.
well, for long term, my sell signal was in August I think. But if you still hold long now, I think you can wait for a few more days, officially downtrend is still long way to go, I mean intermediate-term.
I agree with you Cobra.
Today seems very much a pre-OPEX related day
No news from Europe and Financials didnt do anything unrelated to overall market actions.
Wouldnt be surprised if we rally tomorrow, on any rumors.
luckystar2006 wrote:Cobra - I noticed these two holly red bars on DAX chart from your chart book last night.
hmm, thanks, let's see. usually such similarity doesn't work.
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