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I think patience is the key and required here for short plays...looking back at a 3 yr weekly chart on the S&P looking back at the rsi it seemed to hit a bottom of 30 during the steep selloffs, now the rsi is at 70 and my guess is if it does go higher there is just not much further to go. Seems...

I feel that this will be another buy rumor (now) & sell news (earnings). I can see the market at least taking a break when earnings start to come out. You may see all the market pundits on cnbc & bloomberg say (once the market is dropping during earnings) the old cliches like "price is...

I like to use RSI to track the continuance of the trend or break. For example I use a 21 day period of RSI, if a stock is in a good uptrend I watch to make sure the rsi stays above 50 it may dip below 50 temporarily but I watch to see if quickly resumes above the 50 point however if it starts...

Great thread!! Makes me want to short the market tomorrow (especially if we have a gap up opening on employment #'s). I'll also add that looking at a 3 year weekly chart the rsi is near 70 and looking toppy also the macd is diverging. Great charts guys! :D

Cverm this was posted as a link on ET earlier. Hope this helps... http://moneycentral.msn.com/investor/invsub/ownership/ownership.asp?Symbol=msft

LU is broke out this week too. Looks like money is going into the telecom sector. Damn I wish I would have bought those jan ITM call last week!! :mad: Oh well.

Hi Surfer, Good to see you Gann channel analysis again. I agree with your latest pick & I just wanted to point out only from a purely technical standpoint that the naz (qqq's) recently did break out of an ascending triangle which would give it (qqq) a target area of about 38.50 (if it follows...

I second that advice, if you want problem free execution w/ bargin basement commission AND lightning speed fills - switch to IB dude. :cool:

Sounds like a winner then, just fade Kramer. lol :)

Nice chart Rogue, are you looking to short NEM even if gold continues higher?

Mav, the reason that I ask is just to expand the education of your trading to others. I think there is nothing like watching real trades unfold (good and bad) to learn from and watch how the dynamics of the trade change. As to others criticizing your picks, personal attacks and all that other...

Congrats on the awesome call on SIRI - Simply Uncanny!! What I wouldn't give to be a fly on your wall when you're doing your analysis. lol. Stellar performance Surfer!! :D

Because there are lots of people starting new journals in the journals section lately, I thought I would make a request for the Mav to start a journal. It would be refreshing to see a journal on spreads. I am sure that I speak for a lot of et 'rs who follow your info packed threads (did that...

I picked up some feb calls, if you recall what happened in the summer when Canada had one cow the had the diesease MCD dipped and started to rebound. I see this as a buy the bad news reversal play. Now saying that if there is more cows found with mad cow then I would agree with your short. I...

jrs3, I have been watching the same formation in the nas. Nice looking ascending triangle forming here with higher lows. Looks like a good play for the new year of a potential breakout (and catchup to the dow/s&p). Good trading.

jrs3, I have been watching the same formation in the nas. Nice looking ascending triangle forming here with higher lows. Looks like a good play for the new year of a potential breakout (and catchup to the dow/s&p). Good trading.

Maybe you are looking for Adrienne Toghraie?? her website is www.tradingontarget.com Cheers.

Surfer, May you & yours have a Happy & Safe Holiday Season! :D

Looking forward to it T, Seasons Greetings. :)

Was perusing the internet last night and found this article on (Chicken) Bull Put Spreads by Darlene Nelson of Bettertrades.com http://www.bettertrades.com/BTC/Tutorials/20030814_Darlene.asp I would like to get members who trade credit spreads opinion on this strategy, also I have never...