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Dow Jones - More Volatility?
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iPunter
Supreme |
13-Aug-2011 22:02
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My stand is always clearly expressed -     " Buying or selling are equally risky" ...                 Thus, no matter one is long or short,                         always get out when one 's assumption                                 is wrong. I do not allow myself to do                                           any averaging. If I am wrong, I am                                                     never 'mm kam guan' with the market... ![]() |
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rotijai
Supreme |
13-Aug-2011 21:52
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there.. we still got so many bullish ppl championing about " buy on dips" ... ![]()
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stockmarketmind
Master |
13-Aug-2011 21:43
Yells: "stockmarketmindgames" |
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LOL!!
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iPunter
Supreme |
13-Aug-2011 21:15
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I agree with that...       If the next floor is penetrated,           there can be whopping big drop... ![]()
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stockmarketmind
Master |
13-Aug-2011 21:02
Yells: "stockmarketmindgames" |
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nope, not because of any indicators, it because there is still so much supply, how to go higher?
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xing78
Elite |
13-Aug-2011 19:34
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The lows made on 9-August is still intact, I will go short only when it is broken. There are 3 resistance lines I have drawn on the SPY daily chart. 1. 1st resistance line / target meet, I will take 1st half of my long off the table. 2. 2nd resistance line / target meet, I will take 2nd half of my long off the table. 3. 3rd resistance line breached, wait for another day for confirmation signal.     If reverse down, I short. If breaks resistance and confirm to the upside, I go long again. Above just my trading strategy for SPY in general. It can be applied to individual counters except during the period of earning release (1 week before and 1 week after), I will be more cautious.    
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xing78
Elite |
13-Aug-2011 19:12
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It is only 3 lines for major supports and 3 lines for major resistances + 1 uptrend channel from 9-August. I do not utilize the RSI, MACD, bollinger band stuff to trade coz most of the time it is not accurate but instead will base on the volume + candle sticks pattern + major pivot points for making long and shorts entry points. If any resistance or support is hit for the very first time, I will trade with a stop loss order else I will just do nothing.   
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rotijai
Supreme |
13-Aug-2011 17:52
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wah? like giving me a toto number that sure win one ? :p all indicators are pointing south, the volume was low on friday.. and the only way to show this rally is a reversal is to break the neckline resistance which was once the support.
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stockmarketmind
Master |
13-Aug-2011 17:42
Yells: "stockmarketmindgames" |
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On my blog post http://stockmarketmindgames.blogspot.com/2011/08/dow-jones-more-rally-ahead.html I said Dow's rally won't last and it's weak. Anyone of you knows why? Those who knows the answer can email me and the correct answer shall entitle you a stock to punt with entry and exit price levels. |
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stockmarketmind
Master |
13-Aug-2011 16:51
Yells: "stockmarketmindgames" |
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Wow Sir, your charts got too many lines, u can trade with that?
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bryansng
Senior |
13-Aug-2011 15:59
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Does that mean, time to short US market? :P
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xing78
Elite |
13-Aug-2011 13:23
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Here's the charts of the US Financials on the Daily time-frame. The US Financials are under attack on Friday. It's quite possible that " Shortists" have now switch region after the Eurozone ban short-selling for 15 days? ![]() ![]() ![]() ![]() |
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xing78
Elite |
13-Aug-2011 13:17
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Here's the chart of SPY on the Weekly and Monthly time-frame. ![]() ![]() |
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xing78
Elite |
13-Aug-2011 13:15
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Here's the charts of SPY on the 10mins and Daily time-frames. ![]() ![]() |
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iPunter
Supreme |
13-Aug-2011 12:24
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Sifu is right...     If a recession is due, not even God will be anxious to stop it...           After all, it is not God who caused it all... lol...  ![]()
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tanglinboy
Elite |
13-Aug-2011 12:22
![]() Yells: "hello!" |
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Recession is coming. Fed has no more bullets left. It will be a downtrend from here on. |
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xing78
Elite |
13-Aug-2011 11:41
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the bounce up is weak.
the us financials us looks weak last night.
i will put up the SPY chart in this post later to share my view.
my opinion is we will be heading into major resistance at 122 on the SPY next week.
A sharp sell down to the 100 mark on the SPY is possible.
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timqoo
Senior |
13-Aug-2011 11:35
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nothing last forever. dow's thursday and friday gains only cover wednesday loss. be wary all the way reaching especially into the month of September. |
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stockmarketmind
Master |
13-Aug-2011 10:39
Yells: "stockmarketmindgames" |
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This i totally agree. However, if you want to buy, please buy at the correct timing!
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iPunter
Supreme |
13-Aug-2011 08:56
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My sincere advice to stock newbies is this...                                                       " Do Not Play Shares" ... ![]() (*Unless you have spare money to lose) |
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