Search results

Moving this stuff to a journal thread JT

My chart has us at 1st pt3 of new up IT -- starting to slide up off of R. JT

I guess you just look for sequences and flaws... this to me is the difficulty with rockets and icebergs -- sequences and flaws. The market at any moment is more like an impressionist painting than a parts list for a military vehicle. I'm working on trying to get directional bias and...

Well we definitely got a glimpse of the preliminary up IT trend channel slope today. Prices were banging against R all afternoon. My day was a bust... after the failure to resume down at 13:00 I didn't go to a neutral bias. crap. Hope you guys did better today. JT

I've noticed I have the same tendency too -- I have some theories about it... 1) Short side moves faster than the long side so you are usually confirmed faster and there is less time to see something wrong with the trade and bail. 2) There is the added psych benefit of having the random...

I'm seeing it the same way... got off track this AM. JT

Watching out for an attempt to traverse down IT channel... R across top of today S at 1100. JT

Hmm... maybe you can help me out with that... This is how I saw things today... the gap up was a traversal of a very short lived ST up channel... point 2 by 9:45. After that I was looking for a pt 3 to get in on the trend. Well MACD started to tank with no volume signal when prices...

Anyone making any $ in the AM chop? For my skill level this is just sideline-ville. JT

Take a look at the attachement... I really think the IT TL I have drawn in is more informative and a little bit more 'in play' then what you guys are showing. Take a look at vol at points A,B and C... you see the drying up of Accumulation as the RT side is hit and then building volume...

You don't listen to yourself because sometimes you are wrong and sometimes you are right and it is probably somewhat random. That makes it really easy to not listen. Someone already said this - but for starters you need to always listen to yourself. Do this for a month. If your net is...

retry

Hmmm... that FBP looked like just a normal channel to me with a failure to traverse followed by a BO. More importantly to me prices seem to be making 'harmonics' along that right side IT trend line. It's definitely in play. You might be looking for a 'whack you over the head' kind of BO...

The way the market has been dancing with that right side IT trend line it looks like it is doing the 'old resistance becomes new support' thing right before our eyes (look at all the volume laid on that thing at the end of the day). If we do get a new pt 3 and a new traversal -- it will be...

Hmmm.. all I can get out of qcharts is a huge BMP or a really junky looking jpg... do you know of an online BMP -> gif converter? JT

Me too -- I hate Friday afternoon and I love Sunday night. Hell - I like going to bed on weekdays because the next thing I'll be doing is trading. I used to stay up too late... love Friday afternoon and feel sick on Sunday night. Man this is a great "job." JT

For starters I agree with IndexTrader. I think one of the smartest things I've read about RE investing is to figure out replacement cost (cost to simply rebuild the building minus some depreciation). A builder or developer can do this for you. Once you know this number you can...

What are your thoughts out there on what will go down on Tuesday? Media is saying hold... but as we've seen the last few times it's the language of the statement that seems to matter. JT

I've got the same IT lines drawn up on my charts. The coolest thing for me on Fri was watching the CCC coming through the midday period up against the right side of the IT trendline. 2pm - budget report 2:01 - 2:02 volume surge followed quickly with a pop through that R. Then...oops...

I've lived in the bay area for the last 7 years. Tech is king here and the news you hear from this area is going to reflect that. This place booms and busts and I came in as a boom was getting into full swing with the internet stuff. We just busted and there are job cuts galore but...