Recent content by Lang

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    Volume going down big as fewer fools get suckered into frequent trading?

    Take a look at the volume on the weekly charts and rethink your position that volume is "going down big." If you will notice, volume tends to remain fairly steady during fairly steady market movements. When the markets get choppy is when you start seeing volume spikes. My thoughts on the...
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    Weekly Poll: Longs Remind Me Of My 72nd Birthday When I Went Water Skiing

    Thank you for noticing that. I am tired of hearing "The volume is not there, I want to see more volume to the upside!" Go back and look over the last few years, and you notice that positive volume is usually around 5 billion shares on the S&P500, and spikes higher than the recent average are...
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    Weekly Poll: Longs Remind Me Of My 72nd Birthday When I Went Water Skiing

    Good evening, Yes, Spain's downgrade had little impact, and France is having little impact, the ECB bank loss warning is having little impact, and the Chinese manufacturing slowdown is not having an impact. The technicals are taking over at this point, ignoring the news. That is a strong...
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    what are the technicals saying?

    Hello, Since you weren't specific here is a general rundown: S&P500 (along with the Dow, etc.) - A short move up this coming week (w/e 6-4-10) to around 1129, followed by a very small break south (not quite to the 1065 mark). Then a summer long sideways trend channel from roughly 1100 to...
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    Weekly Poll: Longs Remind Me Of My 72nd Birthday When I Went Water Skiing

    Hello Shortie, The utter lack of reaction to the Spain credit downgrade should tell you something about the market. Friday's selloff was to be expected, a massive run-up on Thursday, end of week, end of month...it was no surprise. The markets still have a little upside left in them (up to...
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    Charting & TA? LMAO!

    Now for something completely different! http://www.forexfactory.com/showpost.php?p=3437732&postcount=5 I know it says forex, but give it a chance.
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    Best longer term short ideas

    One other thing about shorting. The article below might be of some interest. http://www.investopedia.com/ask/answers/05/shortmarginrequirements.asp And you have to consider the margin interest.
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    Best longer term short ideas

    Before you try to short THC please read the following article: http://seekingalpha.com/article/190592-tenet-healthcare-tops-estimates-as-revenues-rise And regarding Moody's? MCO is already depressed by the news of potential lawsuits. There is little-to-no suprise news downside on this...
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    How can someone blow up in day trading?

    Let's see, you missed you classes in TA. TA helps to identify the best entry points for your money. If you hit an active, high volume day then by the time you have entered your stops you are well past 2-3 ticks. And if you witness a drop of 4 ticks immediately followed by a rise of 15 then...
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    When you start to break-even, how can you tell whether it's because of luck or skill?

    If you consistently (over any given period of time) win then you can chalk it up to skill. If you predict stock moves consistently and gainfully then you can chalk it up to skill. If you can look at the past weeks or months and see a steady and progressive trend up in your account, you can...
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    Who's the regulator for this?

    Below is the best way to begin. It is the New York Department of State. They should have some information. (518) 473-2492 or corporations@dos.state.ny.us And here is the link. http://www.dos.state.ny.us/corps/contact.html I get those calls a couple of times a week. I have tried...
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    Stocks to own thru year-end

    Here are a couple of more to add for the long term: LINE - Energy MLP STON - Graveyard MLP WPZ - Pipeline MLP BGY - a nice dividend paying CEF All pay nice div's and are stable.
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    Cutting Losses Short

    I agree with the last poster. When entering you should have a good idea of support/resistance levels, as well as the current trend. When you open set a stop at a level or two below entry. This will force you out with minor losses, thus preserving the majority of your capital. I have been...
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