Dow TOP call - 10yr top formation done
- Thread starter deadbroke
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same Dow Jones 60-min. chart shown earlier is updated below ... I said a few posts back that if the 144 x 200 sma then the rally is doomed and we've got a great shorting opportunity at the top of the rally.
The cross is in
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The cross is in
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Good question. Will leave it up for a year. Just as I did with this one ... only one or two have tried.
for 12 -100 yr olds .....
Try this one - if nobody gets it, answer will be posted 1 yr from today. No hints will be given.
Starting from first principles and without the use of logarithmic tables, slide rules, computers, calculators etc., prove that
cot 7.5 degrees = sqrt 2 + sqrt 3 + sqrt 4 + sqrt 6
i.e. cotangent 7.5 degrees = square root of 2 etc.
thread is located here ........
http://www.elitetrader.com/vb/showthread.php?s=&threadid=179200&highlight=cotangent
You are so full of shit. It was a trick question dumbass, because most know MA crossovers are as good as random. Just like this thread where price clearly went above your limits, stopping your ass out, assuming you even freaking trade, and then by a touch of a miracle you invisibly got back in like if nothing had happpened.
Distancing myself from this thread and this moron.
Distancing myself from this thread and this moron.
GREETINGS ALL!
Well I've been away and the market has been yuckie yet all our positions are doing fairly well so I must surmise this is the general decay of large cap tech which was predicted and add to that a real fall out in the banks. Is the bank's decline telling us anything more than they will eventually have a harder time making money under the new rules? is this a dead bird in the coal mine or just reality?
Now that the market is right back to where it was when DB started his thread we can see that the real header could very well be " Dow Bottom Call - 10 yr bottom formation completing. "
I must apologize for a few things. (1) I have not read all the pages here since I went to Ct. and (2) When I left I had made a prediction that the DOW would reverse and go up 111 points on a day when the market was already down 130. I made that call based on some info that I had wrong. The info was based on the jobs report which I see after much study will actually be reflected in THIS FRIDAY'S REPORT. So whereas the major economists are calling for ZERO JOB GROWTH, I have a high number. It will instantly be poo pooed by the press but the more work i do on the subject the more folks I find working out of their garage, at home and part time, some of these figures will be added into this report as the Gov does one of their re balance tricks. Secondarily, I had some miss info about a big Geithner plan to allow refinancing of mortgages with no pre pay for assumed loss in value (the big stumbling block to all re fi's ) That announcement never came. I imagine politics are at the forefront here and that is something that can never be predicted too well. Let's see how THIS FRIDAY pans out.
On TV I saw the usual gloom and doomers this time punctuated by two " smart " market observers who BOTH pointed to DOW 5,000 in short order. Investor optimism is so low it can barely be tracked on the charts and everyone as you know appears to be in bonds of one sort or another.
When I left DB had drawn out the markets next move and it was UP from 10,300 something to 10,650 top area-- that move did not happen we sunk back down on low volume. Volume is interesting here because what looks to the naked eye as low may not be low-- so much action is taking place off the exchanges now including all the Index stuff and THAT volume is NOT factored in to the number. Someone would be doing us all a big favor if they would combine all the off the floor volume with the exchange volumes to give us a true picture. Personally, I don't know where the volume is I suspect it's higher than we think and this can create a trap situation as it is constantly reported as being so low.
Anyway CROX has held up much better than other retail I think. We are down less than a buck. My other retail playUnder Armor is back to cost basis (UA) unfortunately but that too in a tight range considering how out of favor the sector is. I haven't checked everything yet but RINO finally had a very bad day yesterday after holding up great - that will have to be monitored. Other than that the portfolios seem strong in the face of this general market retreat.
What to do today? Applied Signal APSG reports after the close. Last time they beat by 6 cents but came in a little shy on the rev. Boeing bought a direct competitor of APSG so I'm interested in following this name. Cavium networks caught my eye in research this morning CAVM. On the chart (OF COURSE I USE TA DB! NEVER SAID I DIDN'T- JUST THAT FUNDI WINS EVERY TIME ESPECIALLY IF YOU CAN SPOT A BUYOUT) you can see CAVM took a dive from $30 to $24 and has a nice rising flag set up on top of support Jan 10' time frame. Up until then it had been a perfect rising chart. The company is in an upgrade cycle (Citrix just included their chips) and analysts are calling for a PT of $37! Hexcel HXL was a stock we were looking at before we went away @ $18.00 it hasn't budged much looks pretty strong. Ditto CF we took a mini position at $88 and it's above $90 still. Brush Engeneering was top of our buy list when we last talked it hasn't moved a cent in the downdraft still $24.00. From out M&A portfolio VCLK & BKE both are where they were or higher (Director bought 100,000 VCLK). I don't love Scotts Miracle Grow, I'm a natural planter- but the powerful mid cap stock has been basing at $47- $48 throughout all of this and looks potentially strong to me. FOSL- has amazingly zoomed to a high I so wish I owned it, my wife ended up with some shares in her IRA after I gave her the cataloge to browse. Unfortunately she still shops at more expensive stores. AVINAR AVNR looks prime it had a 1.07 mil share day in my absence and poked above $3.00, this is my bio pick now, some of you may remember my buy recommendation on SOMX the bio play with no downside-- that had a big day when I was away I caught it on the telly and sold.
PPO Still looks mucho powerful. I can't believe this active name is hanging in there so well buying more today.
I think that catches us up-- New purchase RINO is the one that I must watch carefully as well as CTFO-- these are Chinese names so you know what you're getting into- both down about a buck.
I'm only here through today, as I have to finish off this summer in style. Wed it's back to Ct. After labor day I'm here mon - fri and hopefully the market participants are too. ~ stoney
5 IDEAS FOR TUES*
APSG
CAVM
HXL
PPO
SMG
Well I've been away and the market has been yuckie yet all our positions are doing fairly well so I must surmise this is the general decay of large cap tech which was predicted and add to that a real fall out in the banks. Is the bank's decline telling us anything more than they will eventually have a harder time making money under the new rules? is this a dead bird in the coal mine or just reality?
Now that the market is right back to where it was when DB started his thread we can see that the real header could very well be " Dow Bottom Call - 10 yr bottom formation completing. "
I must apologize for a few things. (1) I have not read all the pages here since I went to Ct. and (2) When I left I had made a prediction that the DOW would reverse and go up 111 points on a day when the market was already down 130. I made that call based on some info that I had wrong. The info was based on the jobs report which I see after much study will actually be reflected in THIS FRIDAY'S REPORT. So whereas the major economists are calling for ZERO JOB GROWTH, I have a high number. It will instantly be poo pooed by the press but the more work i do on the subject the more folks I find working out of their garage, at home and part time, some of these figures will be added into this report as the Gov does one of their re balance tricks. Secondarily, I had some miss info about a big Geithner plan to allow refinancing of mortgages with no pre pay for assumed loss in value (the big stumbling block to all re fi's ) That announcement never came. I imagine politics are at the forefront here and that is something that can never be predicted too well. Let's see how THIS FRIDAY pans out.
On TV I saw the usual gloom and doomers this time punctuated by two " smart " market observers who BOTH pointed to DOW 5,000 in short order. Investor optimism is so low it can barely be tracked on the charts and everyone as you know appears to be in bonds of one sort or another.
When I left DB had drawn out the markets next move and it was UP from 10,300 something to 10,650 top area-- that move did not happen we sunk back down on low volume. Volume is interesting here because what looks to the naked eye as low may not be low-- so much action is taking place off the exchanges now including all the Index stuff and THAT volume is NOT factored in to the number. Someone would be doing us all a big favor if they would combine all the off the floor volume with the exchange volumes to give us a true picture. Personally, I don't know where the volume is I suspect it's higher than we think and this can create a trap situation as it is constantly reported as being so low.
Anyway CROX has held up much better than other retail I think. We are down less than a buck. My other retail playUnder Armor is back to cost basis (UA) unfortunately but that too in a tight range considering how out of favor the sector is. I haven't checked everything yet but RINO finally had a very bad day yesterday after holding up great - that will have to be monitored. Other than that the portfolios seem strong in the face of this general market retreat.
What to do today? Applied Signal APSG reports after the close. Last time they beat by 6 cents but came in a little shy on the rev. Boeing bought a direct competitor of APSG so I'm interested in following this name. Cavium networks caught my eye in research this morning CAVM. On the chart (OF COURSE I USE TA DB! NEVER SAID I DIDN'T- JUST THAT FUNDI WINS EVERY TIME ESPECIALLY IF YOU CAN SPOT A BUYOUT) you can see CAVM took a dive from $30 to $24 and has a nice rising flag set up on top of support Jan 10' time frame. Up until then it had been a perfect rising chart. The company is in an upgrade cycle (Citrix just included their chips) and analysts are calling for a PT of $37! Hexcel HXL was a stock we were looking at before we went away @ $18.00 it hasn't budged much looks pretty strong. Ditto CF we took a mini position at $88 and it's above $90 still. Brush Engeneering was top of our buy list when we last talked it hasn't moved a cent in the downdraft still $24.00. From out M&A portfolio VCLK & BKE both are where they were or higher (Director bought 100,000 VCLK). I don't love Scotts Miracle Grow, I'm a natural planter- but the powerful mid cap stock has been basing at $47- $48 throughout all of this and looks potentially strong to me. FOSL- has amazingly zoomed to a high I so wish I owned it, my wife ended up with some shares in her IRA after I gave her the cataloge to browse. Unfortunately she still shops at more expensive stores. AVINAR AVNR looks prime it had a 1.07 mil share day in my absence and poked above $3.00, this is my bio pick now, some of you may remember my buy recommendation on SOMX the bio play with no downside-- that had a big day when I was away I caught it on the telly and sold.
PPO Still looks mucho powerful. I can't believe this active name is hanging in there so well buying more today.
I think that catches us up-- New purchase RINO is the one that I must watch carefully as well as CTFO-- these are Chinese names so you know what you're getting into- both down about a buck.
I'm only here through today, as I have to finish off this summer in style. Wed it's back to Ct. After labor day I'm here mon - fri and hopefully the market participants are too. ~ stoney
5 IDEAS FOR TUES*
APSG
CAVM
HXL
PPO
SMG
Ok my medicine finally arrived I'm ready to trade!!!
terrible thought- I've been having a pretty good tingly day in the feet although the touch sensitivity is weird today in the fingers and I'm typing a lot. But I'm having a good day in the feet and I haven't smoked since Madmen. What if I start to feel it now as I think I almost might be... oh boy THAT's a road I don't want to go down. All this hydroponic planting, the chemicals.... That's where us stoners have gone astray...
Right now it's a disease called CMT. I think.
Ok.... APSG is acting very nice it's a stock normally I would buy. they have a pretty good history of reporting earnings, they are a buyout candidate - they report tonight... market is over sold... it's a good set up. Chart peeks show we are at 2008 levels despite a lot of good news. It's a quasi terrorist play and these idiots just got nabbed planning something. that's the problem here folks... it feels like something is about to go down... forget I said that. in fact I'm worried about this whole thread. It appears to have finally died. I may have to start my own thread if this doesn't pick up soon. DB's job was posted and he's long gone I guess. It was fun while it lasted.
Paper traders are fun people. They are a lot like fantasy football freaks. Real investors as we know are a lot more grumpy.
BW- Brush, this stock has really caught my eye it's my #1 STABLE PORTFOLIO BUY HERE. I'm going to eventually do a piece in the stks section on the name so look for it.
CAVM- nothing yet, HXL... treading water the thought here is inside the last round of bad economic numbers was all the aircraft spending - the AA's of the world are really spending and with new lighter planes to save gas... comes the alloys that HXL provides. BW too is in everything, even Apple products and another great stock PPO ditto-- check it's end markets.
Back to APSG. The market is scary punishing stocks that miss. Why risk it, despite the very positive set up especially when $22 is my objective and the stk is a firm $19, risk reward is against me although I like the trade.
As I sit here looking at things-- PPO // BW // & HXL is really really a firm threesome here and add my bio AVNR and I've really come up with some good ideas. I think IF FRIDAY doesn't pan out and we don't level off at 10,370 DOW and we give up the ghost I will sell a whole lot of stuff and really focus on those 4 names.
The line of ascent on CF is pretty wild. There's $10 more upside here to $101.
If no one replies I'll unofficially close this thread.~ stoney
terrible thought- I've been having a pretty good tingly day in the feet although the touch sensitivity is weird today in the fingers and I'm typing a lot. But I'm having a good day in the feet and I haven't smoked since Madmen. What if I start to feel it now as I think I almost might be... oh boy THAT's a road I don't want to go down. All this hydroponic planting, the chemicals.... That's where us stoners have gone astray...
Right now it's a disease called CMT. I think.
Ok.... APSG is acting very nice it's a stock normally I would buy. they have a pretty good history of reporting earnings, they are a buyout candidate - they report tonight... market is over sold... it's a good set up. Chart peeks show we are at 2008 levels despite a lot of good news. It's a quasi terrorist play and these idiots just got nabbed planning something. that's the problem here folks... it feels like something is about to go down... forget I said that. in fact I'm worried about this whole thread. It appears to have finally died. I may have to start my own thread if this doesn't pick up soon. DB's job was posted and he's long gone I guess. It was fun while it lasted.
Paper traders are fun people. They are a lot like fantasy football freaks. Real investors as we know are a lot more grumpy.
BW- Brush, this stock has really caught my eye it's my #1 STABLE PORTFOLIO BUY HERE. I'm going to eventually do a piece in the stks section on the name so look for it.
CAVM- nothing yet, HXL... treading water the thought here is inside the last round of bad economic numbers was all the aircraft spending - the AA's of the world are really spending and with new lighter planes to save gas... comes the alloys that HXL provides. BW too is in everything, even Apple products and another great stock PPO ditto-- check it's end markets.
Back to APSG. The market is scary punishing stocks that miss. Why risk it, despite the very positive set up especially when $22 is my objective and the stk is a firm $19, risk reward is against me although I like the trade.
As I sit here looking at things-- PPO // BW // & HXL is really really a firm threesome here and add my bio AVNR and I've really come up with some good ideas. I think IF FRIDAY doesn't pan out and we don't level off at 10,370 DOW and we give up the ghost I will sell a whole lot of stuff and really focus on those 4 names.
The line of ascent on CF is pretty wild. There's $10 more upside here to $101.
If no one replies I'll unofficially close this thread.~ stoney
Ok I just got in touch with the hedge fund. just to see if this move into Solar stocks means anything. i've been burned sooooo many times here.
SUNPOWER is the most upgraded stock by analysts so if nothing else they are talking a good game. the stock is way down. And it's my itchy premenition a big buy is coming in this sector-- one that will set it off... 1st Solar probably.
BW I threw that idea at them too.
A couple people have emailed me the same article and it's about the low level of analyst 4 star stocks. In essence although they keep their numbers high no one has a good opinion of the stocks not even the analysts... that's a bottom type event.
In the big picture we will find that index funds are behind this ten yeasr slog I am sure of it. Here's an interesting tidbit...
The correlation between the U.S. equity benchmark and its individual members was 0.81 in the 50 trading days through July 7 and has since remained close to that level, Birinyi data show. Thatâs almost twice the historical average of 0.45 from the past 30 years. A higher number means moves in individual stocks are increasingly related to the direction of the index as a whole and not on their own earnings prospects
I think it's from the same article on Bloomberg.... what does that mean... the general direction of the index... index funds... speed trading... index funds bought and sold a million times IN THE SAME DAY... What's the index going to look like tomorrow? it's like sitting in your garage with a hot ass car and just revving the engine... revving the engine... in the end only the mechanic gets paid.`si
SUNPOWER is the most upgraded stock by analysts so if nothing else they are talking a good game. the stock is way down. And it's my itchy premenition a big buy is coming in this sector-- one that will set it off... 1st Solar probably.
BW I threw that idea at them too.
A couple people have emailed me the same article and it's about the low level of analyst 4 star stocks. In essence although they keep their numbers high no one has a good opinion of the stocks not even the analysts... that's a bottom type event.
In the big picture we will find that index funds are behind this ten yeasr slog I am sure of it. Here's an interesting tidbit...
The correlation between the U.S. equity benchmark and its individual members was 0.81 in the 50 trading days through July 7 and has since remained close to that level, Birinyi data show. Thatâs almost twice the historical average of 0.45 from the past 30 years. A higher number means moves in individual stocks are increasingly related to the direction of the index as a whole and not on their own earnings prospects
I think it's from the same article on Bloomberg.... what does that mean... the general direction of the index... index funds... speed trading... index funds bought and sold a million times IN THE SAME DAY... What's the index going to look like tomorrow? it's like sitting in your garage with a hot ass car and just revving the engine... revving the engine... in the end only the mechanic gets paid.`si
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