Hey sammy----Well, I won't put too much importance on those numbers until the traders who matter do. I'm still cautiously bullish(tight stops etc.) until the Market proves me wrong. A correction wouldn't surprise me ----Trading would be pretty boring if stocks only went up. I'm still trying to figure out if that "Red Bat" is a baseball bat or a flying Bat.
They probably trade more than one stock. Also, too much excitement with the price swings. My chart observation-----Nice positive move through resistance area(66.50 area---3/3 3/17 neckline from March H/S) Could be a pennant continuation pattern forming---could test 66.50 support before continuing. With the slow down, I would expect the 8ema to be catching price (haven't checked today) Long term upward trend( 7/13) Steeper upward fan trend line 5/19. Stochastics suggesting overbought but are only gauges and are not as reliable in a trending stock as they are in a channeling one. My target is in the 71 area. My stop loss will be adjusted---probably a close below the 8ema. The Market can take the price wherever it wants---Charts and TA are only a guide in making trading decisions.
Are you still in your long position? It's having a little trouble with that 55 area. Oh well---Maybe tomorrow. GL Good trading.
sammy---Thanks for the heads up on SPLK a couple of weeks ago---Rode it up to 50 area----Some strong res above 50.70 area. What's your commission on stock picks? LOL
I've been long Gold since 1260---Target 1400(may change) Also long FXY----USD/JPY----didn't have to read the article. I think i'll wait for confirmation before I change my perspective from cautiously bullish to bearish. If the USD weakens, that can help the MRKTS. ps---also long Silver. Time will tell.
Is it possible that Bush was lied to just like Johnson was? These career military officers need conflicts to gain rank. The advisers are probably invested in defense stocks.( just a guess). It's impossible for any Pres. to know the reality of what's going on in all of the depts.---They have to rely on the integrity of the advisers and dept. heads. Maybe that's the real problem.
Good point!! I've been preparing for this crash for about 3 years now(since I was first made aware of it). One of these days they may be able too say I Told You So!!!
ncc---Hey Boy---Are you really that much of a mental midget? Probably can't even spell TEA PARTY!!!---It's a freakin war--Chinooks can easily be hit no matter who is on them. Does everything have to be a conspiracy?
How many lives would you have risked to save 4? 10--20--30---50???? I would expect as many as necessary as long as you're not one of them. Do you know how easy it is to shoot down a chopper? It seems that we recently lost a bunch of Seals. It's terrible, but sometimes there is just nothing that can be done without the proper intel. Hindsight is always 20/20.
Did you put a uniform on and go over to Afghanistan and Iraq so that you could help guide him through his duties? Just curious----Not sure where those serious charges are coming from. I doubt that the 5 POWs are real bad a$$e$---They did give up when captured. I would expect deadly terrorists to fight till the death. Maybe next time---If they get back in the fight.
I dumped mine at 64.10----I'm concerned with the WSPC indicator. Wall Street Prozac Consumption indicator-- It triggered this afternoon GL tomorrow.
Good point----It seems that some forget that "THE PRICE DISCOUNTS EVERYTHING"(Charles Dow) all charts---patterns and even all opinions.
Google option for explanations. Put option--Right to sell 100 shares at a certain strike price. A 65 strike put option value will decrease as the price of the stock increases. If the stock price drops to 60, the holder of a 65 strike put option still has the right to sell at 65. he paid a premium for that right when he bought the put option.
The positive price move would make the put options worth less money---sell the put options buy them back for less money after the the share price increase.
You may want to check for possible news events on Thurs. AM before calling for a down day in the mrkts. I'm not suggesting that you are wrong, but it is best to look a the total picture if you're trying to predict.