Charts of Note

Quote from darkhorse:

50 EMA support levels for SPY and DIA gonna be torched today.

Heavy short QQQ and IYT from Friday's open...
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Right, and you posted that entry before today's pre-mkt drop?
 
Quote from atticus:

Right, and you posted that entry before today's pre-mkt drop?
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Not following. The shorts were added last week, the setups posted with time-stamp an hour prior to Friday's market open, and fills reported real time. It's been a habit to occasionally refer to existing positions in this thread for the sake of reference, nothing new there.
 
MMM-Chart-2012-10-23.png


3 M Co (MMM) miss today was particularly troubling due to the breakdown in revenue.

In North American and Latin American markets, revenue growth was acceptable, but EMEA (Europe, Middle East, Africa) sales were just up 0.8% and Asia sales actually declined.

Looking more and more like the China "soft landing" is a figment of politicians imagination...
 
Quote from darkhorse:

Not following. The shorts were added last week, the setups posted with time-stamp an hour prior to Friday's market open, and fills reported real time. It's been a habit to occasionally refer to existing positions in this thread for the sake of reference, nothing new there.
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I don't see the QQQ and IYT trades from before the open on 10/19.
 
Quote from atticus:

I don't see the QQQ and IYT trades from before the open on 10/19.
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Not rocket science. We don't post specific trade entry criteria on this thread, never have, though we will frequently suggest attractive looking charts. Our entries are time-stamped and broadcast to an audience, however, and anyone can access both historical records and current real time actions via free trial of the Mercenary Live Feed.
 
Quote from darkhorse:

Not rocket science. We don't post specific trade entry criteria on this thread, never have, though we will frequently suggest attractive looking charts. Our entries are time-stamped and broadcast to an audience, however, and anyone can access both historical records and current real time actions via free trial of the Mercenary Live Feed.
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Not rocket science, clairvoyance. Makes posting trades here sorta moronic if you're only calling the winners here, post facto.
 
Quote from atticus:

Not rocket science, clairvoyance. Makes posting trades here sorta moronic if you're only calling the winners here, post facto.
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That's not the purpose of this thread. The thread is called "charts of note." Interesting or otherwise timely charts are posted.

In discussing the color of how we interpret charts and events, we will sometimes mention trades that are in the portfolio. It's not a regular thing, just occasionally and spontaneous as an aspect of off the cuff commentary. Don't know why you're making a mountain out of a molehill, unless you are just bored and feel like trying to pick a fight.
 
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