Search results

I don't use percentage or point stops. I wait for price to cross an EMA, or a time stop of 10 days if I have not reached my profit target, depending on the chart and my feelings for the stock at the time. While I take buying signals from a system, there is quite a bit of discretion as to...

Update, current prices (2/05): INFY -- 89.58 +3.03 ITW -- 79.53 +2.53 BDK -- 51.56 +2.07 CAT -- 78.01 +1.11

I have a few questions about this software: 1) What realtime datafeeds does it support? A number of data vendors. Check www.linnsoft.com site. When you register the software, you specify which data vendor you want to work with. 2) What kind of charts will it handle. Tick, minute bars...

InvestorRT at www.linnsoft.com. Fast, easy, very powerful and no programming languages. You can revise and backtest in a fraction of the time of WLD or Tradestation.

I went into ROK yesterday because of weakness in a strong sector, but buying into the defense stocks is always a tough decision. There are so many things that can impact them other than their fundamentals. If Bin Laden farts or Cheney coughs they can make a move.

Actually, I would put it under "Announcements". More appropriate for him.

It will probably help at this point to get out of the trees and look at the larger picture. Under what conditions are your trades signaling? Do you know? If not, you need to look at how they are signalling vis a vis overall market conditions, which often have a big impact. As one example...

The government, through the FCC, has EVERY right to set decency standards for broadcast television, as we operate in with a limited broadcast spectrum that is set aside for FREE, nonsubscription broadcast television. Without basic standards of decency, television would become even more of a...

You don't understand the issue. BROADCAST network television has a large responsibility to maintain certain standards, because they are using government alloted broadcast spectrum. And this is the way it should be. Networks have shown repeatedly, in their programming and stunts like this...

I don't use divergences for pullbacks. If you will remember the simple analogy of a rubber band being stretched, then bouncing back, you may begin to see this reflected in price action on a daily, then an intraday chart. The trick is to find the right levels at which the "probabilities" are...

Warren Buffet

You've SOLD calls on the S&P with the market just bouncing off lows after a two day pullback, and Nortel blowing out earnings and up 20% after hours? And you intend to be trading for...how long? This would very possibly be the only pullback we'll see for weeks.

Exactly. As in "I will probably get castrated by the falling knife, or I will probably not."

I swing trade pullbacks. Today, I bought the following: INFY @ 86.55 ITW @ 77 BDK @ 49.49 CAT @ 76.90 You might want to look at daily charts on these stocks to get an idea of levels that caught my attention. Look for simple technical indicators yesterday, and what has happened today...

Another down day tomorrow will set up for some great long swing trades going into first week of February. Nice to finally see a little pullback.

From what I hear, these days if you are breathing, you can probably get a credit card. Doesn't take much. You can start out with a minumum balance card, then build from there. Just call the major credit card companies. I have found over the years that having perfect credit is the MOST...

You can qualify for a "no-doc" mortgage based on credit and net worth. You do not have to show income verification. However, if you want or need to show income, they will usually want to see at least two years of results as self-employed person, no matter what your occupation. If your credit...

So you're going to look at a daily chart of the S&P and tell me what? That it is in a downtrend? There is absolutely NOTHING in that chart to suggest that we are ready for a major correction. Further, I suggest there is nothing in the economy, there is nothing politically, there is nothing...

If you want one SIMPLE reason why the market is unlikely to roll over, it's because we're in an environment where weakness is met with new buying. There is a LOT of cash waiting to get in on weakness, and you see that repeatedly whenever good stocks, or market indexes, begin to offer buying...

LOL! But that's far too simple and logical for people who think they need to jump through hoops and get all stressed up just to make an easy profit. Simple is trading in the direction of the trend. Hard is trading against the trend. Now, why is that a difficult concept! Duh.