It is a waste of time to look at long term index charts like the Dow and S&P 500. The indexes are WEIGHTED and are susceptive to number foolery.
The indexes MEAN NOTHING. Their values MEAN NOTHING. They are no more than an instrument used to fuck with the public's mind. You cannot take a...
Volume has no predictive power whatsoever. Price is everything.
The only time volume is a factor is when when it is overwhelms an instrument in the natural course it "supposed" to take.
Fib retracement. Give me a fucking break. Take that bullshit moon and tide crap and discuss that shit in the palm readers forum.
See, this is exactly why this site sucks. You might as well be talking to a bunch of Miss Cleo's.
You never will get it Ivanovich. The very existence of this site is a total contradiction to its very name. Its financial existence is biased toward retail traders with the sponsors of this site.
Blind leading the blind on a subject where NOONE can predict what happens one day from the next...
What you want is help and people to follow you like your some stock market guru. Every bozo the clown on this board who gambles or speculates wants to be heard for whatever stupid reason thinking that they can influence the market.
NOBODY can predict the movement from the stock market within...
Port,
You are not a very good Texas Hold 'Em poker player, are you. Your post is like flipping over your hole cards to the world and telling them you got everybody beat.
See how ridiculous this is? Can you relate?
YOU ARE NOT THE MARKET. YOU HAVE NOTHING TO PROVE TO OTHERS, ONLY...
LOL another short sighted post. You guys make me laugh. You fret over 2% moves that are part of market movement. I dont see how many of you can even sleep at night worrying about a tick moving the opposite direction of your trade.
Severely overbought? You must be kidding. Look at this chart...
Unemployment rising every week = True but you are being short sighted.
More layoffs = Possible. But you are being short sighted.
Banks going under = Where? You are talking about the past.
Goverrnment Spending = Cash outflow was 39% 3rd Quarter - an anomoly.Its called printing money. We...
Exactly. I'd rather have statistics than some hacked up technical chart by a noob. Everybody sees what they want to see and most often they are dillusioned. Very few have the balls to follow through with commitment and a game plan. Thus, why even ask.
Dont get me wrong, charts are helpful but...
"Monday will come" - NO DUH
"We will see what happens" - Such conviction
"Why argue with the chart?" - You are arguing with it trying to persuade everyone to your view
"Chart says we must re-test lows" - Huh? Since when? And who says? You?
"Hopefully, the trap door wont open up" - You...
Until now? Wrong.
I am a yearly subscriber. He made it very clear last year he wasn't going to post his trades nor performance - it was his business and his business only.
It is not a stock picking service. People subscribe to his blogging service.
Imagine a room of hamsters in separate cages. Each cage is a trading instrument. Each hamster has its own unique purpose.
When the hamster starts to slow down or go too fast, losing his purpose in life, he is "realigned" :D
The guy doesn't sell a service for stock picking. He ask for a donation to cover his expenses (and rightfully deservingly so) as he puts a lot of time into writing about the stock market daily.
He does NOT sell a stock picking service and his trading performance was never meant as a marketing...
You know NOTHING about how money works do you. Quit talking out of the side of your ass when things have already happened. You don't sound any smarter than the clown at the circus with a condom up his ass.