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EMA is Exponential Moving average. Its the same concept as simple moving average except that it put more weight to the more recent data to compute the moving average. Its all a matter of preference but I like to use EMA instead of SMA. I like to use the 20 day ema and see how stock trend...

Just went red on the day when the naz is off just 2 points. What is this saying about the good news? Just my humble opinion but I say this puppy breaks its support of 24.5 and heads south in a hurry.

Exactly, well said.

QCOM gapped up this am and sold off immediately. Although up 1 point, it couldn't even mount again to overcome its nearly 4 point decline yesterday. The stock is telling us that even yesterday's supposedly stellar earnings report can't rally the troops. If a stock can't stem a rally on good...

I also like KKD at the 36 area.

Would anyone care to post their stocks to short list? I feel that the market will trade sideways with an upward bias for the next few weeks but then should continue with its downtrend. I like to watch the 20 day ema and the how the market trades in relation to it. As long as we are below it...

Can someone please explain to me what Proprietary trading is all about? I trade for myself, but I would like to know why someone would want to trade for a company. thanks in advance. Trade4me

I've been with Prophet for about 1 year now, and I would have to say their execution and reliability have been top notch. Knock on wood but I can't remember the system going down (watch out tomorrow when I'm up to the gills shorting QLGC now that I've said that). I don't doubt you when you...

QCOM closed nicely below its open creating somewhat of a kicking pattern but its up to 27+ in the after hours. The stock seems to be held down by its 50 day ema and has been going sideways while the ma catches up. I'll probably short more tomorrow. My stop will be 32, with a target of the...

IF QCOM can close below nicely below its opening price of 26.77, it will create what I think is one of the most bearish candlestick reversal pattern called kicking. Whenever I see this 2 candlestick formation, I usually see the stock drop substantially from those levels. Just my opinion...

Love the company but not the stock. It may be a good play if you write options on it every month. Its range bound.

Woulda coulda shoulda. Shorted QCOM yesterday at 29 thinking this market would help this stock sell-off. Looking good until the last hour of the day. Spiked up 2 points. Yikes. Still in downtrend and therefore I'm still holding on. What do you guys like going long?

Longer term I am very bearish, as post bubble periods don't end so quickly or nicely. However today seemed like we put in a temp bottom that may last a few weeks. In my opinion we trade sideways to up until the moving averages play catch up. Will short rallys and cover on the dips for a few...

We are on the same page my man. I totally agree with the highly leveraged joe public. We just came off a huge economic expansion cycle, and cosumer debt is at an all-time high. What's going to happen through the economic contraction cycle? People will magically pay off their debt with good...

I can see your point. However, these car makers have another thing coming. The demand will not be there for long. There will be a severe drop off in demand and they will be caught will a whole lotta inv. If inflation does rear its ugly head it will be due to high energy prices and you know...

I don't know of any information of a meeting but if the feds do come out with a surprise rate cut, that would mean that they are specifically targeting the stock market. I really don't think it would make a difference though, despite a short term rally, the economy has just too much...

I just shorted QCOM at $29 today. Stock looks to have tested its 50 day ema and has formed a bearish candlestick pattern. With this bear market in full force, I can see this stock playing a little catch up and tanking to the low twenties....soon. The catalyst? Earnings due out Wednesday...

Why are you so unhappy with your broker? Just curious.

Lol. I know exactly what you are feeling shadowman. I used to be with Cyber trader myself and thought I would be getting that 9.95 rate. That commission scale is really deceiving. You have to trade like a bastard and your avg. commission will never get to 9.95. I switched to...

Not sure if you are looking for a proprietary firm or what, but the direct access firm i go through only requires 2k ( www.propehttrader.com ). I don't know much about the requirments though so you may want to check it out yourself. I don't know if they offer proprietary trading however...