A few reasons why I am shorting this bounce

Quote from waggie945:

It doesn't matter what anyone thinks about the market, nor does YOUR thread about "fading" new highs, old highs, current highs, or whatever . . . because you have already admitted that you have no use for "patterns or cute little charts" in your analysis.

Since members of ET have no idea what your trading "methodology" involves other than stating that you use the VIX ( which obviously has been a horrible indicator the past 8 months ) why would Greenspan, the Bond Market, the Dollar, or anyone else's input make a difference in your methodology.

If you really wish to add some value to this Thread, rather than the "chest-thumping" that you routinely involve yourself on down days . . . why not start up your own JOURNAL thread, with specific recommendations, stops, etc.

That is what Journals are for on ET.
That way, you can share your opinions without having to address the lack of a "methodology".
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Enough of the personal attacks.. lets get back to talking about this market.

I posed a few questions that are market and strategy related and you chose to dodge them.
 
The reason why I am not addressing any market related issues or issues concerning technical analysis with you is because you have already stated that you do not use CHARTS.

Thus, my methodology on how I view the market is totally useless to you. So why should I take time out of my day to address issues that you do not care to understand.

For most people on ET, technical analysis and charting are key elements of one's trading methodology. I'm sorry that you feel otherwise.
 
Quote from waggie945:

The reason why I am not addressing any market related issues or issues concerning technical analysis with you is because you have already stated that you do not use CHARTS.

Thus, my methodology on how I view the market is totally useless to you. So why should I take time out of my day to address issues that you do not care to understand.

For most people on ET, technical analysis and charting are key elements of one's trading methodology. I'm sorry that you feel otherwise.
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Actually I use charts to show me where the market has been and were key support and resistance lies. As far as patterns go.. I dont use them.

Are you still bullish on NSM? How would one play the trade assuming they went long?

--MIKE
 
I merely mentioned NSM along with HOV to Mecro because I am aware that his style is daytrading NYSE stocks. They are great at 2-way intra-day trading and do some good volume. It has nothing to do with position trading.
 
Quote from Trend Fader:

Enough of the personal attacks.. lets get back to talking about this market.

I posed a few questions that are market and strategy related and you chose to dodge them.
More...

Please, someone give waggie a whistle. He's been self-elected ET policeman!
 
Hey Grand Master,

Why not start yourself a JOURNAL.

That way, you don't have to share your trading "methodology" with anyone . . . You simply state your baseless opinions, supported by nothing other than a bunch of hot air, and that way you can still see your name in bold bright lights on ET!

:D
 
I have NSM on my watch list to go long because it is amongst the top in that sector in relative strength. Overall in top 20% relative strength for stocks above 40. Consolidating for four months at top of its one year range. Am I missing something.
 
Quote from waggie945:

Hey Grand Master,

Why not start yourself a JOURNAL.

That way, you don't have to share your trading "methodology" with anyone . . . You simply state your baseless opinions, supported by nothing other than a bunch of hot air, and that way you can still see your name in bold bright lights on ET!

:D
More...

Huh? You blowing the whistle on me? How do you know I have a "trading methodology"? Are you a psychic and policeman for ET?

Your quote is so stupid it's laughable. Where are my baseless opinions? Where are my opinions? And where is my name in bright lights? All I see is you with 1000's of posts. You are a hypocrite.
 
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