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TPX

AAP I like the rising wedge on both the daily and the weekly that price has fallen out of, but on the Monthly I see we're sitting at major support

RAH Seems to be very similar to PMC

Well, it's not easy to say critique that many times. PMC = I would wait for a close below the support from the breakout of the double bottom if I wanted to be short. If I wanted to be long this would be a good buying oppurtunity.

Hey Hammer time, I love to critique picks and give my opinions on them, it helps me to learn, so please don't take any offense. I'm a newbie trader and I like to post what I see and please critique my critiques. Well, here's my critiques below.

Sell ratings often mean that the rater believes the bottom of the price action has been found and doesn't expect the company's shares to fall more.

Personally, I wouldn't want to jump into a short right now, until it broke what might be some minor support. Looks like resistance last week or so, and last night held up real well as support.

I've been paper trading the YM and will be going live soon, to see if I can keep from losing my money or not. What can anyone tell my about fills and how different they may be from the simiulated trades. One broker told me that the fills aren't that different, but people tend to put the blame...

You seem to know more about it than me, but I've been using the infinity platform. I love it. I've also been told that you can't get much quicker fills than through infinity because they're computer is actually in the same building as the CME or CBOT, I forget which one. You can also demo...

50-70% of all trades on any given day on the NYSE are made by a computer program! That's one reason it all works so well.

Can I post a link to my blog here? I don't want to spam or anything. I'm a newbie still paper trading and I would love any advice if anyone wanted to take a quick look through my blog. fantastic4esdaytrades.blogspot.com

I still wouldn't want to be short anything if we start to rally. One trader I learn from is watching for a possible reversal here, earlier than he originally thought. If this turns out to be the bottom, and we rally, I don't think they'll be too many safe shorts.

Personally, I think this is a very important question and one you should have answered before trading. First you need to determine what you are, are you a trader or an investor? They're very different from each other.

I love this question, I've been working on this too. What I'm doing is desiging entry exit cards to keep near by. Before I pull the trigger I pick up one card, not randomly, that determines my exit strategy. Is my target 200 points? Then I'll leave my stop at break even, and set my tarfet at...

Just for your info as well, options are T+1, and futures have nothing at all and no day trading rules!

I would really recommend reading google's annual report before any long term investment in them. You have to remember at 700 they were grossly over priced, everyone agreed in that, even google. At 300ish they were just fairly priced, and remember it only takes a bit of bad news to put the...

That's interesting about the angles, but I find it's the steeper, faster mini rallies that tend to be more reliable at tht 50 60ish zone.

Thanks for replying gkishot. Coud you explain that to me? I always thought of the VIX as the fear indicator, lower vix= less fear.

Looks like major resistance around 85 or 86 for GS. I'm looking more for longs now, rather than shorts myself currently. I would expect GS to atleast come out and tag the resistance area. I would keep a tight reign on this short, king of short, just to be on the safe side.