This Is The Buy Of The Year

Quote from stock_trad3r:

WOW HUUUGE white candle

very bullish..ouch dow up 50 points in 6 minutes lol

they're gonna run the markets huge into close
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Oh f-k off....just kidding... :-)

congratulations, you perma-bull freak...the PPT saved you a black Monday....for now...

but seriously, on your chart you have marked off some support points...now we all know what good traders are supposed to do when support is broken.

what price level is that top support line drawn at?
 
The red lines simply show the average trading price for the trading range. They don't indicate support levels.

The concept of support and reistance levels for indexes dosn't work. You can't apply those type of TA tools to indexes.
 
Quote from stock_trad3r:


The concept of support and reistance levels for indexes dosn't work. You can't apply those type of TA tools to indexes.
More...

What are you smoking, jeffrey dahmer jnr???
 
Quote from stock_trad3r:

The red lines simply show the average trading price for the trading range. They don't indicate support levels.

The concept of support and reistance levels for indexes dosn't work. You can't apply those type of TA tools to indexes.
More...

ahah
 
Quote from stock_trad3r:

Dow 15,000 illustration

dow.jpg
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Nice chart. You would think LEH would supply better charts for someone who heads a trading desk.
 
stock,

For this evening, I had planned a 4 in a bed sex romp with Maria Bartiromo, Ben Bernanke, and that cute little red head from Bloomberg who reports from Washington.

But I have canceled it, to hear your theory of how S & R cannot be used to trade indexes.

please explain....
 
Stock_trad3r likes big bubbles. cos it's so HUUUGE, so round and out there.

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Quote from stock_trad3r:

WOW HUUUGE white candle

very bullish..ouch dow up 50 points in 6 minutes lol

they're gonna run the markets huge into close
More...
 
Quote from Sobieski:

stock,

For this evening, I had planned a 4 in a bed sex romp with Maria Bartiromo, Ben Bernanke, and that cute little red head from Bloomberg who reports from Washington.

But I have canceled it, to hear your theory of how S & R cannot be used to trade indexes.

please explain....
More...

indexes are dirven mainly by fundamentals such as earnings, growth and profits. Subsequently, technicals such as double tops, double bottoms, moving averages, and so on generally don't apply to indexes such as the DOW or Spooz.

With regard to stocks, however, some technicals can be useful such as the cup and handle, which I have found to be the most reliable.

Support and resistance lines aren't very reliable.
 
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