LOL… yes you do confuse many people, but everyone love's to read your posts. I'm certainly confused by it, but trying to learn. My trading style is obviously not very successful, so learning a style that is successful, would be the most logical thing to do.
I do understand that the containment points move, as they are some type of moving average. I also understand that the de-leverage area's are fixed, although I don't know how you find them?
Of course the fake prints help, but I'm sure that's not the way you calculate them, as all the fake prints aren't accurate. I find the daily to be more accurate, especially when they are a long way away from where the market is at when they are printed.
So, I'll continue to try and figure out what you are saying. Maybe I'll figure it out one day. LOL In the meantime, I plan on staying short when you are, and going long when you do.
I remember when I kept shorting when you were bullish… up to 1127, and of course the market did indeed go up instead of down. I'm really tired of losing money… so I sure hope I made the correct decision today by going short.
Looking back at the previous down moves, I see 3-4 weeks of a correction coming, and then it's back to rallying mode throughout the summer. Making the right moves here is really important now, as these opportunities don't come around everyday… (crossing my fingers now).
i allocate capital to setups; long or short, I liquidated my inventory for the gap setup @ 1127. I usually have 25-40 setups in progress @ one time. They are all on different time frames.
I don't use options or futures as I often acquire multiple lots on one setup isolating the time element. Containment pts. are moving targets, de-leverage areas are fixed.
I trade backwards to how 99% of people trade. I think I already confuse too many people just talking about containment pts.
Just curious, but do you only go long on your positions, or do you short too? I remember when you said you liquidated your longs when we hit 1127, but I never knew if you actually play the short side too, or just wait for the correction and only go long.
I know I'll be going long with you when we hit 1050-1070 spx (which is also around 10,000 dow), as I do believe that will be the bottom, before a large summer move up.
TNA was a Hold yesterday, and fell today, earning a SELL-IF signal. The TNA buy was at $56.50. TNA closed at $63.54, up 12.4% since the buy. The candlestick today was a Black Candlestick (normal selling pressure). The last two candlesticks formed a not very highly reliable Bearish Engulfing Pattern.
TZA was a Wait yesterday, rose today, earning a BUY-IF signal. The TZA sell price was $6.51. TZA closed today at $6.06, down 6.8% since the sell. The candlestick for today was a White Candlestick (normal buying pressure). The last two candlesticks formed a not very highly reliable Bullish Engulfing Pattern. The last three candlesticks formed a highly reliable Bullish Morning Star Pattern.
Three recent TZA Buy signals have failed and may perhaps serve as a warning: Buy at $7.33, sell at $7.14 Buy at $7.11, sell at $7.05 Buy at $7.04, sell at $6.51
For that matter, recent TNA Buy signals (until this last one) have also been uninspiring: Buy at $55.36, sell at $55.43 Buy at $55.69, sell at $55.63 Buy at $56.50, up 12.4%
Summary of Positive $RUT based ETFs & a few popular ETFs & stocks (Market positive): -4 Hold: IYR(1x RE, down 1.49%), URE(2x RE, down 3.3%), DRN(3x RE, down 0.6%), QQQQ(up 2.4%), DIA(up 1.0%), UCO (2x oil, down 1.4%), AMZN(down 1.6%)
Transition to Market Positive: none
Transition to Market Negative: -2 Highly reliable SELL-IF: IWM(1x), UWM(2x), SPY, ERX(3x energy) Not very highly reliable SELL-IF: TNA(3x), Low reliability SELL-IF: AAPL,
Market Negative: -3 New Confirmed SELL: USO(oil), GS, GOOG
Comment: Bearish overall, Bearish Oil, Bearish $RUT, Bearish Real Estate Action for TNA or TZA for tomorrow: Possibly Buy TZA, Possibly Sell TNA.
Apple Sets Q2 2010 Earnings Report for April 20th April 12th, 2010 at 2:54 PM – Apple Stock Watch by Bryan Chaffin
Apple announced that its fiscal second quarter 2010 earning report will be released on April 20th. A conference call with financial analysts will be held the same day after the markets close, at 5:00 PM EDT (2:00 PM PDT).
The company will offer a simulcast of the conference call, and The Mac Observer will offer full coverage of the earnings report and conference call.
Shares in Apple traded slightly higher in the afternoon trading session on Monday. As of this writing, the stock was trading at US$242.86, a gain of $1.07 (+0.44%), on moderately light volume.
LOL… yes you do confuse many people, but everyone love's to read your posts. I'm certainly confused by it, but trying to learn. My trading style is obviously not very successful, so learning a style that is successful, would be the most logical thing to do.
I do understand that the containment points move, as they are some type of moving average. I also understand that the de-leverage area's are fixed, although I don't know how you find them?
Of course the fake prints help, but I'm sure that's not the way you calculate them, as all the fake prints aren't accurate. I find the daily to be more accurate, especially when they are a long way away from where the market is at when they are printed.
So, I'll continue to try and figure out what you are saying. Maybe I'll figure it out one day. LOL In the meantime, I plan on staying short when you are, and going long when you do.
I remember when I kept shorting when you were bullish… up to 1127, and of course the market did indeed go up instead of down. I'm really tired of losing money… so I sure hope I made the correct decision today by going short.
Looking back at the previous down moves, I see 3-4 weeks of a correction coming, and then it's back to rallying mode throughout the summer. Making the right moves here is really important now, as these opportunities don't come around everyday… (crossing my fingers now).
i allocate capital to setups; long or short, I liquidated my inventory for the gap setup @ 1127.
I usually have 25-40 setups in progress @ one time. They are all on different time frames.
I don't use options or futures as I often acquire multiple lots on one setup isolating the time element. Containment pts. are moving targets, de-leverage areas are fixed.
I trade backwards to how 99% of people trade. I think I already confuse too many people just talking about containment pts.
Just curious, but do you only go long on your positions, or do you short too? I remember when you said you liquidated your longs when we hit 1127, but I never knew if you actually play the short side too, or just wait for the correction and only go long.
I know I'll be going long with you when we hit 1050-1070 spx (which is also around 10,000 dow), as I do believe that will be the bottom, before a large summer move up.
I noticed the operators closed the $NDX @ 2012 (666/Pi=212 boiling pt.)
Thank Q operators, yes the boiling point is getting near
The Daily view from Americanbulls
TNA was a Hold yesterday, and fell today, earning a SELL-IF signal. The TNA buy was at $56.50. TNA closed at $63.54, up 12.4% since the buy. The candlestick today was a Black Candlestick (normal selling pressure). The last two candlesticks formed a not very highly reliable Bearish Engulfing Pattern.
TZA was a Wait yesterday, rose today, earning a BUY-IF signal. The TZA sell price was $6.51. TZA closed today at $6.06, down 6.8% since the sell. The candlestick for today was a White Candlestick (normal buying pressure). The last two candlesticks formed a not very highly reliable Bullish Engulfing Pattern. The last three candlesticks formed a highly reliable Bullish Morning Star Pattern.
Three recent TZA Buy signals have failed and may perhaps serve as a warning:
Buy at $7.33, sell at $7.14
Buy at $7.11, sell at $7.05
Buy at $7.04, sell at $6.51
For that matter, recent TNA Buy signals (until this last one) have also been uninspiring:
Buy at $55.36, sell at $55.43
Buy at $55.69, sell at $55.63
Buy at $56.50, up 12.4%
Summary of Positive $RUT based ETFs & a few popular ETFs & stocks (Market positive): -4
Hold: IYR(1x RE, down 1.49%), URE(2x RE, down 3.3%), DRN(3x RE, down 0.6%), QQQQ(up 2.4%), DIA(up 1.0%), UCO (2x oil, down 1.4%), AMZN(down 1.6%)
Transition to Market Positive: none
Transition to Market Negative: -2
Highly reliable SELL-IF: IWM(1x), UWM(2x), SPY, ERX(3x energy)
Not very highly reliable SELL-IF: TNA(3x),
Low reliability SELL-IF: AAPL,
Market Negative: -3
New Confirmed SELL: USO(oil), GS, GOOG
Comment: Bearish overall, Bearish Oil, Bearish $RUT, Bearish Real Estate
Action for TNA or TZA for tomorrow: Possibly Buy TZA, Possibly Sell TNA.
I don't think we got to worry about GS surprising anyone at this point. LOL
The AAPL orchard is ripe for picking
Here's what I found on Apple…
Apple Sets Q2 2010 Earnings Report for April 20th
April 12th, 2010 at 2:54 PM – Apple Stock Watch by Bryan Chaffin
Apple announced that its fiscal second quarter 2010 earning report will be released on April 20th. A conference call with financial analysts will be held the same day after the markets close, at 5:00 PM EDT (2:00 PM PDT).
The company will offer a simulcast of the conference call, and The Mac Observer will offer full coverage of the earnings report and conference call.
Shares in Apple traded slightly higher in the afternoon trading session on Monday. As of this writing, the stock was trading at US$242.86, a gain of $1.07 (+0.44%), on moderately light volume.
Apr 20. GS also reports same day
when does AAPL report earnings next week