Why Is The Obvious Not So Obvious?

MrScalper said:
Mr ironchef..the truth is I really don't have a clue what GILD will do next..but..if I was in your position.. depending on how much I am in profit..I would move stops up based on the monthly chart if investing for the longer term.

I am not following the markets closely at the moment..due to other commitments..but if I was I would watch for any changes in ES futures OI..and total volume levels for SP 500..to see if we are starting to run out of steam with this bull market.

Bond yields are rising with anticipated hike in interest rates..and I am starting to watch them from here on out.

You have the option of selling some GILD calls..but look at IV's first..and the model prices if you have access to same.

Final word.. current monthly chart shows no need to exit yet..but be prepared..as re-entry is but a few commissions!

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I took your advice to heart. Exited GILD a few months ago and glad I did. Now thinking of re-entry.

Thanks.
 
MrScalper:

would it make sense to consider the SKY as a sort of border separating the stars from the earth?

the way I see it in any chart there is a sort of disguised track separating the stars from the ground (nose from toes), this track (groove?) is not easy to see all the time as but if one was to guess it and then figure out the general direction (up or down or flat) and trade accordingly by exploiting price moves outside the groove, wouldn't that give that trader an advantage?

or am I simply seeing something that is not there? (I think not, but then...)
 
The problem is there is a lot more rubbish and misinformation spread by hacks peddling their books, DVDs, seminars costing thousands of dollars. How many actually, learn anything useful that they can use to trade and make monies? Probably, closer to zero! Online seminars are exploding and a seminar I attended kept talking about how many millions you will be making in the stockmarket but, never once, talked about any setup on how they trade. I asked the guy who was obviously, a salesman and nothing more why, they did not show any setup as an example of how they traded and he said, oh, we only give out that information to those paying for the seminar! Can you believe that BS? They cannot even demonstrate any competence in trading and they are supposed to teach you? To be fair, other seminars show you some setups or blackboxes they use. Still, majority talk in generalities which cannot be quantified if it has any validity at all!
 
nysestocks said:
Buy Low does not mean Buying The Low point of a swing!

If I wanted to imply that then I would have said BSLASH

Another big misconception held by the majority of traders!
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Something I've been pondering about BLASH...

If NY didn't mean buying a low point then what did he/she mean by "buy low"?
 
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