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I think I understand Carol. I trade KLAC and my method is extremely simple but then again for a guy like me it needs to be. Enjoy the KLAC ride while it lasts. I started a KLAC thread last week and was considering posting trades for feed-back.I've been trading about a year+ and am starting to...

Appreciate it.

Would somebody post a definition of the VIX and how to read it. Is it similar to the naz trinq, below .7 buyers in control above 1.2 sellers in control? Thanks.

Did you play it Fri? The a.m. run-up would've been a nice play but I couldn't force myself to go long today. I shorted the down turn and entered @ 29.35 and am holding over the weekend. EOD it kept bouncing off the 28.5. I notice this happens often while price is declining, it will reach a...

What TonyS said

yabz Junior Member Registered: Aug 2002 Posts: 2 09-25-02 09:58 PM I don't know which specific stocks I'd buy but my overall strategy would be as follows: Go short if the US looks like winning Go long if the US looks like losing THE US DOES NOT LOSE!:mad:

Yes Illiquid, I was thinking about the 31.5 range but not because of the 20 ma but because most shorts should be out by then going on the theory that many shorted at the loss of 30 resistance and are now covering on this run-up and the 31 range being the short coverers who waited to long to...

My sentiments as well AAA, maybe it's just short covering I've only been at this about a year just tring to figure out whats going on behind the chart & L2 i.e. why is price moving up. As a trader we react to price and should have a feel for price but we don,t need to know what's driving it I guess.

I always viewed ET for trading insight and shop talk always ignoring the bs that goes along with it. Till I read Bungs post here. Glad you weren't advising during WWII we'd be speaking German now. Pre-emptive is the new USA policy, strike them before they strike us; again. Refreshing change, a...

Last week I went short KLAC when it broke 30 resistance. was planning on covering at 25.5 because that was next res pt from Oct 2000. Yesterday it got down to 25.74 pre-market then shot up, in afternoon it didn't look like it would brkdwn so I covered for close to 2 pts instead of 4, not here to...

Never assume, keep an open mind, things aren't always as they appear. From someone it took 4 trys to figure it out. Nice.:eek:

ADSK has been in a downtrend since April. Fri it receives bad news and has a pre-market gap down of about 10% then retraces and blows out its avg daily trading range (about .85) by 3 times ending the day up 2.70, all on huge volume. Getting in at the 10.6-10.7 ( it formed a pre-market cup w/R at...

I blew up my account overtrading. There, I said it. I'm an overtrader. Not no more though, pardon the dble neg. Why did I OT, stupidity, and many of the reasons previously listed on this thread. Glued to L2 and 1min chart were biggies, not looking at the whole picture, trading w/.2 stops getting...

Friendlytrend, for the naz to be in a minor uptrend it will have to show a higher low than the previous low (approx. 1200) and a higher high than previous rally. It hasn't even begun its downturn yet. If you are talking about the bear market overall, that would require an uptrend, higher...

I have been a member here about 6 mos and this is my first response. Exellent post! I have been demo trading the last 5 weeks due to losses eg over trading and have calmed down and re-focused considerably. I not only print my trades eod, I print the accompanying charts and the Naz chart for the...

I traded about 2 years ago full time, for a period of six months, using GroTrader. I lost some $ and made many dumb mistakes but learned a little as well. After much reading and studying, I am prepared to trade again. I don't know anyone in the business and have many questions I would like...