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I don't know when fundamentals matter to the market, but at some point, they come into play. To my way of thinking, we should have fallen much farther than we did if they mattered a few months ago. But the market did not think they were as bad as I did. If the market decides - for whatever...

Yes, I would like to think that fundamentals matter at some point - to the market, not to me. I just try to follow the market and if/when the market decides the fundamentals matter, that can take us over resistances as well as below supports. Currently, the downtrend from Oct is still...

Just my opinion Trading earnings is pure speculation. Trading a market darling like AAPL is even higher risk. Pattern could well be a cup w/handle?? http://tinyurl.com/24tqml

Well of course nothing works all the time - I already posted this link but it's worth posting again just for you! http://youtube.com/watch?v=8m5oLQ5qLns Being wrong is going to happen, but what you do when your wrong is the thing that preserves or destroys capital.

G-Boa, thanks but no thanks. I am still learning!! Definitely no guru, I just happen across info that has helped me and just post it hoping it can help other traders.

I don't care about fundamentals mainly because I do not normally keep a position long enough to care....but that's just me. Another thing, earlier I mentioned that I trade long or short without bias - but at these levels I think my overall bias is to sell at these levels. Having a bias is...

YES! This is the main thing that makes me question the current level as a resistance. I guess I would like to think that at some point, fundamentals matter - -- perhaps that point comes months from now. We'll soon find out I think.

Ahh, I see what you mean and totally agree.......... I guess it all depends on where ya put the lines at. To my way of thinking, the green uptrend support turned resistance is primary, down trend resistance is a close second and 1400 is more just "an area" with significance. After all, the...

You may be right but I don't think it is really a bias - - one of my rules that I try to adhere to is to sell at resistance and buy at support. Well, seems we are really close to - and maybe even at resistance. Perhaps the quicker longs and shorts both make money next week lol.

1. Forget the news, remember the chart. You're not smart enough to know how news will affect price. The chart already knows the news is coming. 2. Buy the first pullback from a new high. Sell the first pullback from a new low. There's always a crowd that missed the first boat. 3. Buy at...

Thanks Jayford. It's just that nearly everyone is so damn bullish - - same as bears getting more bearish at the bottom - - I just was hoping to get traders opinions and I was not disappointed! I mean, if you plan to open any longer term long positions, IMHO, ya just do not do it at these...

Trading Friday afternoon has nothing to do with it.......IM, do not get yourself wrapped up in "that" superstition. There are as many ways to make money trading as there are grains of sand on the earth IMO - - find what works for you and stay with it till it don't work no mo then find...

Actually, I posted the chart to get traders opinions, which, happily, I have gotten! The open positions I hold at the moment is long GOOG from a month ago - I sold all my other longs Friday and shorted very small positions of RIMM, AAPL and XLF Friday. My other holdings are short CNW and...

I hear ya! I sold all my longs Friday - - like I said, "sell at resistance, buy at support. Now just wait and see if all the bull hype plays out. We'll see!

Thanks Pholeuon! Are you thinking that perhaps long term uptrend may be new support if we break to the upside? - seems reasonable to me!

Thanks philly - my sentiments EXACTLY! Much appreciated!

I keep thinking - Buy at support and Sell at resistance. Been hearing and seeing how bullish so many folks are today that I want to just throw this out there. See chart. Thoughts?

XLF had one false break lower, but if symmetrical triangle pattern (continuation of trend) plays out, we should be at the top now.........either way, we should know shortly. JMHO Steve

Yes, sounds like your doing it exactly the wrong way. You need to let your winners run and cut losses quick. One key thing, is getting the best possible entry - - that usually requires discipline and patience - but you must combine that with a lot of other important things .........might...

See, that is what I was talking about. You were willing to risk your entire port - if it went against you, and dropped $90.00 (as it very easily could have) instead of zooming $90.00, your $4k account would now only be worth about $2800.00.....an instant 30% loss. Losses that big are very...