Search results

I think it will be a big move in either direction. If we close up big tomorrow, I'll go long at the EOD, otherwise I'll stay short.

Short @ 1288.75. I've got a pretty wide stop so hopefully I won't be stopped out by the usual knee-jerk reaction after the fed meeting. I doubt that they will hint on stopping further rate increases.

Well after Friday's upside momentum, I'm looking for some more follow-through to the upside. If in the first half hour if we do not see any kind of follow through, i'll be short. If we do see some follow through then I'll have my sell order @ 1295. If we see some follow-through but the price...

Thanks Bird. I like money but I like respect more. It means a lot that you consider me your friend. Last week per Barron's the bullish % was above 60. I do not know what it is this week. I still haven't received my Barron's. I usually get it on a Saturday but occasionally it is late and I...

Why should the quote even matter? You got the point. FT71 is one of the best trader that posts here. Try to learn something from his posts.

That is just 1 piece of the puzzle though. The utilities and bonds have to be declining, investors' optimism has to be at a level where nobody believes that the markets can go lower. For me to be extremely bearish I need to see the bond-market make a significant low and the stock market make a...

Still think that 1296 in ES will be a major resistance. Stop will be around 1305. The last few day's bounce was more of a 50 dma technical bounce. I think it is good idea to fade any type of technical bounce/ sell-off at a longer-term resistance/ support. If the Fed leaves the interest rate...

Thanks. 1296 in ES could prove to be a major resistance. If we see a sell-off from 1296, we're headed to 1200. IMO 1250 won't provide much support. Anyway, I'm sitting out for the last two days of Jan so that I can say that I was up a little over 10% for the month. For my long-term view I...

Was I wrong here? Got stopped out overnight. I will probably not trade for rest of the month so that I can say I'm up 8% in January.

Hey Bird: You might like this: http://biz.yahoo.com/tm/060124/13831.html I got stopped out of the yesterday's longs and entered a short position at the close with stop at 1277.25. In the past I have noticed that the market takes off to the upside when there is a slight decline in crude...

Even if the ES goes up 20 pts, you'll still make money on your ES options as long as the strike < 1300. (I beleive you usually sell options). One more question when you refer to S&P, do you mean the cash or futures?

Hey Bird: I ended up going long NQ @ 1694 today. Just had to follow the system. I think there is 40pts. upside in NQ and 20 in ES before we see any type of sell-off. If the indexes do not break today's low in the first half hour tomorrow I might add more to the longs.

Bird: I'll have to disagree with you on this one. I think we'll see 1300 in the 1st half of 2006. My long-term analysis shows that 2006 will end up being another classic bubble. Anyway, I exited out of my shorts when the market was unable to follow through to the down side. Looking for...

I think Reminiscences and Atlas Shrugged were the two books that made me want to be a trader. There is so more you can learn from Reminiscences: One of the most important is Cut your losses short and let your profits run. Anyway, I took this Entrepreneurship class, the professor was really...

I think the strong momentum that started on Friday will carry over on Monday. The Bullish advisors to bearish advisors was 60 to 20 last week, whereas even after the market declining the past week, the bullish advisors are still above 50. This just tells me that majority think it is a...

Well I got out of my longs in the morning when GE and C came with their earnings. In the first half hour when The market could not go up from these oversold level, I went short. Probably the best day ever. Nice Call Bird!!!!!! "It ain't bragging if you can back it up", and you sure as hell...

The only reason to watch CNBC: http://www.beckyquick.com/

I think you're right. It is comparing to the sector and not necessarily the S&P.

Looks like you're following CANSLIM. EPS is earnings of the stock whereas RS is compared to S&P. O'Neil's RS is different from the RSI. So if the EPS of stock XYZ is increasing by 30% year over year but the price compared to S&P is increasing only 5% year over year, then the EPS and RS will...

Bird: My analysis shows that ES will probably hit 1296 tomorrow before we see a sell-off. Your prediction might just be true, again!!!! I ended up going long this morning @ 1285. Exited out of half the positions at 1290, still holding the other half, planning to get out @ 1295 tomorrow...