The economy maybe fake, but I'm making real money in it. You should try it you might feel better.
COST right "'cause(cost) people money on the way down'".No one ever calls do they?
You sound like a guy that just lost a lot of money and is looking for something to blame. So let me help yah because sounds like you're having trouble with the technicals , technimental. You miss read Elliot Wave and you got crushed and now you're relying on candlesticks great. Where's support? That would be 187.64 and 187.11 (that's where the counterattack toke place today) but good news you're at resistance (about 188.22). So what's your price target? Mine following the close under 186.75 (that maybe the place to enter a short position) the price target is 185. If the SPY breaks below 184.95 then you got to look at 183.75, breaks that 182.87. That goes progressively lower as the SPY breaks support.
Now what are the indictors doing MACD starting to flatten that's good if you're only looking at the daily chart go to the hourly its curving up weekly it flat. RSI weekly overbought daily neutral (but close enough to overbought) hourly neutral but curving up.
I think you shorted way to early you saw the drop this morning and got all gitty thinking you're going to make a million off one trade you probably shorted at 187.50 (5 min support) SPY shot down to 187.11 you probably started to fell all euphoric. Then BAM piercing line! You just got your first sign to cover. The market even throws you a bone brings the SPY back down to 187.11 and you're like I'm ok everythings gonna workout. BLAM bullish engulfing at support (one of the most bullish candlestick formations). You think this just a corrective wave,because thats what elliot wave teaches you.You're sitting there in disbelief watching the 5min chart as your profits evaporate, then it happens 187.50 is breached and the SPY doesn't stop till it goes up another $.30. where hopefully you had a stop. Your feeling of accomplishment is gone you have nothing left but lose and failure. And you think it will make you feel better to come back here and try to talk trash to people that made money today. You suck.
Its just support and resistance. If the SPY can hit $200 great if it loses $4 in a week or day that's awesome.
I would by bitcoins right now ,maybe not right now, based solely on on the charts. But then again why by something that you can't sell.
this is the same #$%$ you've been saying fir years with all your various I.D.s. I'm going to laugh when this market goes up 1000pt
I can tell by your,ohshizzits, that you don't trade or invest and if you do you're a neophyte and that's ok we're all here to learn something or at least talk some #$%$. So I'm a help you out. If you're trading #$%$ what the fed is doing #$%$ what the markets are doing your only concern should be whats happening in the here and now. If you're investing focus on the company you're investing in how do the fundamentals look, what do the fundamentals of that sector look like, and ask why you're investing in that company is it for income or for growth. To get back to the FED they're going to keep interest rates low for a longtime, while QE is going away along with the adverse effects of it commodity inflation and an increase in the cost of doing business. Now the consumer has grown use to paying inflated price for stuff so as the cost of producing stuff goes down profit margins increase companies make more money the company stock goes higher and you make money.
So ah PUD, how long have you been wanting to #$%$ your sister?
S&P going to lose 30% in 2014 and gold to rise 50% thats funny. If anyone wants to see what a bubble looks like pull up a gold chart look at what gold did from oct 2008 to aug 2011.
I make a living working and trading. I never said gold was going to zero however I do know that gold most likely will not make it back to 1900. If you're going to youtube for your economic news and to get trade ideas then you're a f*cking idiot. If you are going to listen to videos by guys who either work for gold companies or have spent their life savings on gold and silver. Then you're a f*cking idiot. Its in the best interests of the gold company and gold investor to keep you scared. Its in their best interest to keep you thinking everything is going to #$%$. If they don't do this then they don't get your money. If you're not afraid then there is no need for you, gullible mid American, to every give your worthless paper money to these gold companies for their shinny rocks. With that being said the GLD has broken its intermediate and long term downtrend, but it is overbought right now let it come back if you're going to buy use a stop loss and have a profit target. If you think the $2 trillion the reserve banks around the world are going to pump into their economies is going to have an adverse effect on the dollar buy gold bullion not gold coins. Also keep in mind that the S&P 500 is made up of 500 companies if you can't make 20% off of one of those 500 companies in a month then you probably shouldn't be trading.