Yes, It is possible. Real Time Idea's for "This Market"

[08:06] [Brandon} Toni and I both spent a few hours looking stupid at each other trying to figure out what to make of it
[08:06] [Brandon] so that most likely means
[08:06] [Brandon] SLOW DAY
[08:06] <Brandon] quick sidenote
[08:06] [Brandon] how many gold bugs we got in here?
[08:07] [Brandon] no one?
[08:07] [Brandon] good reason to buy gold then :)
[08:07] <Brandon] hehe
[08:08] <Brandon> ill throw someting out
[08:08] <Brandon> and ya'll can think Im a nut case if you want
[08:08] [murphy] just let me know when to load up on drooy
[08:08] *** mainstreet.chat.server sets mode: +o Toni
[08:08] [Brandon] this is 6 5 years out
[08:08] ]Brandon] gold will have been at $1000
[08:08] <Brandon> it wont go much higher
[08:09] <Brandon> but with in 5 years, lowball gold is $750, high its $1000
[08:10] <Brandon> taht excits ya huh
[08:14] <Brandon> for longer term stuff, watch for breakouts in TVX (which could see $30/$40 long term) DROOY,HL, KRY, PDG
[08:14] <Brandon> if I am right about Gold, then silver will also have a heck of a run too
[08:15] <Brandon> anyway enough of that or Im going to start getting emails accusing me of being on drugs
[08:18] <Brandon> but, if you want to be long something long term
[08:18] <Brandon> then be long gold ya bugs
[08:18] {David} why so bullish on gold, B?
[08:19] <Brandon> coz the world is gonna go to the toilet
[08:19] <Brandon> and
[08:19] <Brandon> its been awhile since gold had its day in the sun
[08:19] <Brandon> if you look at a chart, it has a pretty clear bottom in July/Aug/Sept of 1999
[08:19] <Brandon> and since then it keeps going
[08:19] <Brandon> and I think that things are going to get worse and worse
[08:20] <Brandon> I think its only a matter of time and a miracile that its not occured yet that India has not invaded Pakistan yet
[08:21] <Brandon> I think its only a matter of time before Isreal is at war with the middle eastern countries again
[08:21] <Brandon> Egypt has said it would go to war with Isreal if the other Middle Eastern countries would replace its American Aide
[08:21] <Brandon> and on top of all of that
[08:21] <Brandon> the stock market is still more over valued than its ever been at any time in history
[08:22] <Brandon> PE's are still around 20, bottoms don't occur until around 5/6
[08:22] <Brandon> and consumer debt is terrible
[08:22] <Brandon> the average american has $10,000 in Credit Card debt
[08:22] <Brandon> with many having debt loads of over 100% of their household income
[08:22] <Brandon> and many of them will never be able to pay
[08:22] <Brandon> which will hurt them and the CC company both
[08:23] <Brandon> so when people start to see their stock market "wealth" go to hell, and see great instability around the world
[08:23] <Brandon> they will seek something that they at least feel wont loose value
[08:23] <Brandon> and the supply and demand of that is going to drive gold prices through the roof


Brandon
 
[12:22] [Toni] In addition to the refer a friend program we are implementing, we are also putting into place a guarantee for new members on their first month that the alerts will be profitable or the month will be free.
 
The homebuilders look like they will be good on the shortside again. Here is a chart of RYL as an example, the whole sector looks similar.

Brandon
 

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Church and Dwight, Inc (CHD). One of the things that is most important as a trader is to think work with basic concepts and build your trading program out from that. In the case of CHD we are working with two core concepts, strong gaps, and resting. On May 6th CHD experienced a strong break away gap, these tend to not fill, which we see is the case in CHD. After break away gaps traders should generally focus on the long side. The next concept is one that I very often speak of, that is rest. Nothing moves in a straight line, and after a strong move either up or down a stock will need a period of rest to "catch its breath." This resting can occur, in the case of an uptrend, by a stock trading lower (profit taking) or by trading in a sideways basing manner (accumulation). Either is perfectly acceptable and will often present traders an opportunity to jump back on board a strong trend. You can see in the case of CHD that we have rested by a trading in a sideways manner for several days now. Look for buying opportunities in CHD on trades above $34.90 with stops under $34.15. Please note that this is a very thin stock and as such has a high degree of risk associated with your order executions.

Brandon
 

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Brandon........are you sure about SHORT ?? did you mean a BUY "? Isnt this considered still in an uptrend ?? higher highs & higher lows, could see trendline under all the lows as a support...........I marked the chart on the higher high & higher lows......had a small pullback with good overlapping bars also, shows strenght ..........personally looks strong it ran $4-5 already & still looks okay as a uptrend UNTIL that trendline is broken or a topping pattern in place would you agree ?.....no disrespect meant as we are good frineds but did you mean long or short ?


Chris
 

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Originally posted by Chartwiz212
Brandon........are you sure about SHORT ?? did you mean a BUY "? Isnt this considered still in an uptrend ?? higher highs & higher lows, could see trendline under all the lows as a support...........I marked the chart on the higher high & higher lows......had a small pullback with good overlapping bars also, shows strenght ..........personally looks strong it ran $4-5 already & still looks okay as a uptrend UNTIL that trendline is broken or a topping pattern in place would you agree ?.....no disrespect meant as we are good frineds but did you mean long or short ?


Chris
More...

Every now and then I try to do something fancy, and its generally a creative way to give money away. I actually did it all afternoon today. Shorted new afternoon highs in the TICK, then did it again blah blah blah. That said, over all I have had decent success with tops in the overall market. Currently with interest rate cycle starting to get ready for higher rates, and the economy getting slower and slower etc, I think there is a good funnymental case to be made for being short some of these kind of stocks.

Take care,
Brandon
 
Brandon..........short the price highs of the day , thats better than shorting new highs in the ticks confirmed with 3 indexes making new highs.............ahah.........whatever,,,,,,,,,I am moved in finally & all settled..........I will call you over the holiday weekend & we could chat a while


Chris

Also

Checkout this AMAZON chart.........I liked this from 16.50 BUT broke out from weekly H&S bottom & is forming 1st bullflag now on the daily.......I gave 19.18 buy in chatroom & have tight stops on currnt long.......BUT still looks okay ?......like it ?? ya na ?............I feel has good upside in it, even if comes back in to 17.50 - 18.00 still okay as support below it..........lemme know what ya think.
 

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Hope everyone had a great holiday weekend and had took pause to give thanks to our Vets, both past and present.

Looking at the market we are heading into the summer when things slow down (its too damn hot to trade much I guess). The biggest danger is making your brokers wife a happy woman at the expense of really pissing off your own, so choose your shots real carefully. If volume is light, your in a range etc, don't screw around and feel like you have to do something, you don't. If things get too bad and you are really dying for some excitment, find some free porn or something, but don't try to find it in the market. Take only the best shots.

Looking at the various indexes the Semi's look like they could continue to show weakness and bring the rest of the market down. Gold remains a market leader, and we've been doing great with gold stocks like TVX and DROOY.

Below is a chart of the Semi's, I wouldnt want to buy them right now as they have broken under the lows of the range and have now rallied back to those levels, prior support = new resistence once broken.


Brandon
 

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Here is an hourly chart of the Semiconductors. You can see a clearly established downtrend is in place, and a rally to the 20ma and price resistence. More signals to short.

Brandon
 

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