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DON'T GET MARRIED!!! :D

Check the DAILY chart of June crude & draw an uptrend line from the lows two months ago. It hits the support within 0.10. The bounce was technical in nature. I'd prefer to buy JUNE near 49.10...crude's staying firm ahead of summer driving season as products are finding a modest bid...

Port, Thanks for sharing a very good article. The low volume on this rally belies its apparent strength. Today we were looking at 870 area to sell but it looks like it won't hit. GL today! :) --Harold

The WEEKLY chart of ES is solidly bullish. 801 resistance......became support two weeks later. 830.50 resistance......became support two weeks later. HOWEVER, the volume is light & declining & I wouldn't buy these higher levels. 872 is a good sell, methinks. Trading's easy. I...

NOTHING beats classic support & resistance. Amateurs use indicators. :D

Market orders are usually indicative of poor or no planning. I trade at LIMIT to open a position but get out at MARKET to close (usually in form of STOP). For a guy like me who risks a few points and targets 10-20 pts. the spread isn't a big deal, but I like to hit the bullseye as...

Hey ByLo, Thanks for sharing the story of your buddy. He made a high income but evidently didn't know the diff. between an asset (pays you) & a liability (you pay for it). He prob. owns a lot of negative cash flow RE, & not enough money in gold, silver, margin accounts (futures), CTA...

Go EASY on me, Ivan. It was an unfortunate SCHHHMELLTING accident! :)

I think JUNE looks attractive near 49. Unless S&P goes below 800, there are worse things to be long than physical comm. Draws today in both GASOLINE and DISTILLATES. Big build in crude but products could lead higher if supports hold. We shall see :P

AGREED. It's best to buy support / sell resistance & keep some "runners." If a "trend" develops...all the better! =) :D

::SMILES::

To address the latter first: There can CERTAINLY be situations where gold & equities decline simultaneously. My *opinion* is that gold should find a very good bid in the low $800s or high $700s. The S&P is vulnerable down to 510 support. (Sorry I can't copy + paste my charts...they have some...

Arguing with stockbugs is evidently pointless. You love stocks & don't see how, factoring in REAL INFLATION, holding stocks is a suckers' bet. That's fine. Neither of you are my clients so it's irrelevant. I've sold GC short many times before, including near 1,000 resistance...

I'll lay down & concede. You're brilliant. If you're not a CTA by now you should be. Millions in allocations will flow your way soon! :D :D :D Because gold has no fundamental value, maybe I'll bid on yours. $500 CASH VIA PAYPAL TODAY. PM ME. I'm serious. I buy. =) --Harold

::SIGH:: I'd like to copy + past my chart from DTN Prophet X, but I need to convert it to another format & it's not worth the trouble. Nobody makes that claim but I think it's important to recognize that 70% of our economy is consumer based. Housing prices shall likely fall ANOTHER...

Dear Assxx, You're speaking of hypotheticals: I'm speaking of actual numbers. August 2000 was a peak against gold (i.e., when stock owners were MOST WEALTHY as measured in REAL TERMS). Do yourself a favor & bring up the chart - you'll see it. Gold at $300 / troy oz.? You're a genuine...

Divide the S&P 500 Continuous by COMEX Gold Continuous. You'll see that since August 2000, the S&P 500 last lost 83% of its value as measured against gold. Even if the bear market is over (it isn't - the commercial RE shoe hasn't dropped yet, nor has housing bottomed), stocks would still...

GLOBEX is the $H!T. It never goes down. ICE on the other hand... LOL :)

Brother, with that type of impression you're dead in the water. BEFORE you start. MACD, Stochastics? Please. Three successful traders once gave me priceless advice & it changed my life. Buy at support. Sell at resistance. If you lose your money looking at moving averages...