04/10/2013 Live Update

Al_Dente · Post by **Al_Dente** » Wed Apr 10, 2013 11:36 am

Major wrote:Looking at the tone of the discussion about long term vs day trading leaves the impression that the opinions of those with longer term perspectives are not welcome on this board. It seems to me that this attitude is rather short sighted.

Day trade is self explanatory, but what is long term? Is someone who looks ahead 30, 60, or 90 days a long term investor or is it only if one year or more? Is it not possible that one may take positions on weekly or bi-weekly basis but does so in the context of a longer term, however defined? Why would that person not be entitled to an opinion on this board?

There is always a lot of discussion and charts relating to Elliot Waves. Breaking news - these charts do not span one day or even one week. Should these and those discussing them now be banned?

A longer term forum would be helpful but castigating those whose perspective is not day trading and wanting them excluded from this board is unreasonable. This strikes me as promoting "group think". Is this really what readers of this board want?

Major: all views are welcomed on this board.
Disrespecting Cobra is not welcome on this board. Not now. Not ever. Period.
(It's possible you missed some previous posts from previous days)
GL2u
Al

JFR · Post by **JFR** » Wed Apr 10, 2013 11:37 am

Major wrote:Looking at the tone of the discussion about long term vs day trading leaves the impression that the opinions of those with longer term perspectives are not welcome on this board. It seems to me that this attitude is rather short sighted.

Day trade is self explanatory, but what is long term? Is someone who looks ahead 30, 60, or 90 days a long term investor or is it only if one year or more? Is it not possible that one may take positions on weekly or bi-weekly basis but does so in the context of a longer term, however defined? Why would that person not be entitled to an opinion on this board?

There is always a lot of discussion and charts relating to Elliot Waves. Breaking news - these charts do not span one day or even one week. Should these and those discussing them now be banned?

A longer term forum would be helpful but castigating those whose perspective is not day trading and wanting them excluded from this board is unreasonable. This strikes me as promoting "group think". Is this really what readers of this board want?

For myself, I don't mind discussion of any time frame. However it seems to me that gasprice is selling a stock service. He posts, and leaves.

1der · Post by **1der** » Wed Apr 10, 2013 11:37 am

joeynickels wrote:
Major wrote:Looking at the tone of the discussion about long term vs day trading leaves the impression that the opinions of those with longer term perspectives are not welcome on this board. It seems to me that this attitude is rather short sighted.

Day trade is self explanatory, but what is long term? Is someone who looks ahead 30, 60, or 90 days a long term investor or is it only if one year or more? Is it not possible that one may take positions on weekly or bi-weekly basis but does so in the context of a longer term, however defined? Why would that person not be entitled to an opinion on this board?

There is always a lot of discussion and charts relating to Elliot Waves. Breaking news - these charts do not span one day or even one week. Should these and those discussing them now be banned?

A longer term forum would be helpful but castigating those whose perspective is not day trading and wanting them excluded from this board is unreasonable. This strikes me as promoting "group think". Is this really what readers of this board want?
Agree. Ilike to see a variety of perspectives. I think that most of the problem with gasprice's posts is that they seem to be written in sarcastic/condescending style that is perceived as demeaning to the idea of trading on shorter time frames. Since he pretty much posts the same thing every time I don't get much overall value out of his posts,but I don't see any reason to exclude him. Anyone who is really annoyed and doesn't want to see his posts can just use their personal filter and block him. I would also like to take this opportunity to thank the big boss Cobra and all of the other great contributors to this board. You can all be sure that at one time or another you have helped me.

Bingo - that is the issue for me as well. "sarcastic/condescending style that is perceived as demeaning to the idea of trading on shorter time frames."

Post by **Cobra** » Wed Apr 10, 2013 11:38 am

Major wrote:Looking at the tone of the discussion about long term vs day trading leaves the impression that the opinions of those with longer term perspectives are not welcome on this board. It seems to me that this attitude is rather short sighted.

Day trade is self explanatory, but what is long term? Is someone who looks ahead 30, 60, or 90 days a long term investor or is it only if one year or more? Is it not possible that one may take positions on weekly or bi-weekly basis but does so in the context of a longer term, however defined? Why would that person not be entitled to an opinion on this board?

There is always a lot of discussion and charts relating to Elliot Waves. Breaking news - these charts do not span one day or even one week. Should these and those discussing them now be banned?

A longer term forum would be helpful but castigating those whose perspective is not day trading and wanting them excluded from this board is unreasonable. This strikes me as promoting "group think". Is this really what readers of this board want?

I've suggested a "investment" related forum.

As for why people are against gasprice mostly, I think it's because he kept criticizing people here because his long-term view is bullish while people here are just talking about bearish the next day or the next few minutes. So it's a little annoying, say, someone said, tomorrow might be a pullback, then he jumps out saying, come on, why so bearish, we'd be up in 10 years. I think the criticism is a little bit irrelevant. That said, I (and we) do welcome any opinions here, no matter day trade or long term. Just we all don't like be criticized, especially if we didn't say anything wrong.

gappy · Post by **gappy** » Wed Apr 10, 2013 11:39 am

joeynickels wrote:
Major wrote:Looking at the tone of the discussion about long term vs day trading leaves the impression that the opinions of those with longer term perspectives are not welcome on this board. It seems to me that this attitude is rather short sighted.

Day trade is self explanatory, but what is long term? Is someone who looks ahead 30, 60, or 90 days a long term investor or is it only if one year or more? Is it not possible that one may take positions on weekly or bi-weekly basis but does so in the context of a longer term, however defined? Why would that person not be entitled to an opinion on this board?

There is always a lot of discussion and charts relating to Elliot Waves. Breaking news - these charts do not span one day or even one week. Should these and those discussing them now be banned?

A longer term forum would be helpful but castigating those whose perspective is not day trading and wanting them excluded from this board is unreasonable. This strikes me as promoting "group think". Is this really what readers of this board want?
Agree. Ilike to see a variety of perspectives. I think that most of the problem with gasprice's posts is that they seem to be written in sarcastic/condescending style that is perceived as demeaning to the idea of trading on shorter time frames. Since he pretty much posts the same thing every time I don't get much overall value out of his posts,but I don't see any reason to exclude him. Anyone who is really annoyed and doesn't want to see his posts can just use their personal filter and block him. I would also like to take this opportunity to thank the big boss Cobra and all of the other great contributors to this board. You can all be sure that at one time or another you have helped me.

Well put sir. http://www.youtube.com/watch?v=jJ98qac2UIM

Out of Bounds · Post by **Out of Bounds** » Wed Apr 10, 2013 11:40 am

Cobra wrote:
Major wrote:Looking at the tone of the discussion about long term vs day trading leaves the impression that the opinions of those with longer term perspectives are not welcome on this board. It seems to me that this attitude is rather short sighted.

Day trade is self explanatory, but what is long term? Is someone who looks ahead 30, 60, or 90 days a long term investor or is it only if one year or more? Is it not possible that one may take positions on weekly or bi-weekly basis but does so in the context of a longer term, however defined? Why would that person not be entitled to an opinion on this board?

There is always a lot of discussion and charts relating to Elliot Waves. Breaking news - these charts do not span one day or even one week. Should these and those discussing them now be banned?

A longer term forum would be helpful but castigating those whose perspective is not day trading and wanting them excluded from this board is unreasonable. This strikes me as promoting "group think". Is this really what readers of this board want?
I've suggested a "investment" related forum.

As for why people are against gasprice mostly, I think it's because he kept criticizing people here because his long-term view is bullish while people here are just talking about bearish the next day or the next few minutes. So it's a little annoying, say, someone said, tomorrow might be a pullback, then he jumps out saying, come on, why so bearish, we'd be up in 10 years. I think the criticism is a little bit irrelevant. That said, I (and we) do welcome any opinion here, no matter day trade or long term. Just we all don't like be criticized.

Yep. If I wanted that, I would call my Mom.

BullBear52x · Post by **BullBear52x** » Wed Apr 10, 2013 11:40 am

Too many people expected the same thing, I read all the TA blog update yesterday. everyone is expecting a pull back, some small some big no one think a break out unless you trade /ES/future last night then you see it coming.

it is what it is, a break out and for a trade short term swing is belong to bulls. day trade I see a reversal sign here. how much to the down side I have no idea but I see flat to lower.

fehro · Post by **fehro** » Wed Apr 10, 2013 11:41 am

new moon today. fwiw.

MrMiyagi · Post by **MrMiyagi** » Wed Apr 10, 2013 11:42 am

VIX near the day's high.

daytradingES · Post by **daytradingES** » Wed Apr 10, 2013 11:42 am

http://screencast.com/t/S1cpTiX0Aa

fehro · Post by **fehro** » Wed Apr 10, 2013 11:45 am

MrMiyagi wrote:VIX near the day's high.

and RUT and TRANS lagging too... at the moment.

MrMiyagi · Post by **MrMiyagi** » Wed Apr 10, 2013 11:53 am

NYADV 2250.

TraderGirl · Post by **TraderGirl** » Wed Apr 10, 2013 11:56 am

The Dow can go much higher...but in the medium term...when RSI was at these levels on the weekly chart, there was usually some sort of pullback to cool the market down...

MrMiyagi · Post by **MrMiyagi** » Wed Apr 10, 2013 11:57 am

"WE'RE NEVER GOING DOWN AGAIN!!!!!"

FlowerGirl · Post by **FlowerGirl** » Wed Apr 10, 2013 12:00 pm

Does any one here think SPX 1600 is possible before the end of tax filing season (April 16, 2013)?

Major · Post by **Major** » Wed Apr 10, 2013 12:02 pm

Gappy
“I read in no castigation on any such perspective.”

Would unacceptable would be a preferred adjective? I am not trying to pick a fight but do get the definite impression that long term thoughts, however defined, are not welcome.

Out of Bounds
I agree with you about preachy tones and pesudo-economics. My concern, however, relates defining long term. For example, from Trader Girl this morning-

“Thanks for the info gas...but this is not a "buy and hold" crowd on this board....there will be another bear market at some point...and most people on here would rather trade it on the downside rather than hold a bunch of losing positions...thanks for your advice...but we'll just focus on the short term trades, thank you...”

[Edit:] Lest TG get upset with me, I think her posts are excellent and of value regardless of time frames being followed. My thought is that her quote above might have been a bit more diplomatic.

I agree there is diverse opinion on this board. The majority opinions relate to day trading which is logical since it is a day trading forum, but to the exclusion of long term thoughts?

To All on the board

It appears that I have stirred up a hornet's nest. My apologies – that was not my intent. I am just concerned about what I see as an exclusionary tone.

Post by **Cobra** » Wed Apr 10, 2013 12:02 pm

another pullback, which still likely be bought later.

Unique · Post by **Unique** » Wed Apr 10, 2013 12:03 pm

FlowerGirl wrote:Does any one here think SPX 1600 is possible before the end of tax filing season (April 16, 2013)?

Anything is possible in the market. Supply and demand :O

If bears keep getting squeezed...

No one knows for sure, that's why it's a market

Unique · Post by **Unique** » Wed Apr 10, 2013 12:06 pm

Let's see if the 5min 20ema first touch scalp works....

Out of Bounds · Post by **Out of Bounds** » Wed Apr 10, 2013 12:06 pm

Major wrote:Gappy
“I read in no castigation on any such perspective.”

Would unacceptable would be a preferred adjective? I am not trying to pick a fight but do get the definite impression that long term thoughts, however defined, are not welcome.

Out of Bounds
I agree with you about preachy tones and pesudo-economics. My concern, however, relates defining long term. For example, from Trader Girl this morning-

“Thanks for the info gas...but this is not a "buy and hold" crowd on this board....there will be another bear market at some point...and most people on here would rather trade it on the downside rather than hold a bunch of losing positions...thanks for your advice...but we'll just focus on the short term trades, thank you...”

Lest TG
I agree there is diverse opinion on this board. The majority opinions relate to day trading which is logical since it is a day trading forum, but to the exclusion of long term thoughts?

To All on the board

It appears that I have stirred up a hornet's nest. My apologies – that was not my intent. I am just concerned about what I see as an exclusionary tone.

No you did not stir up anything. It was already there. You are having the very type of dialog we all strive for.

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