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Author Topic: Stock Market - February 2011  (Read 7020 times)
sidewinder
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« Reply #30 on: February 21, 2011, 02:58:12 PM »
I know of one trader who quit trading /ES for this reason and has gone over to /6E because it's a better day trading ve
Quote

I think it's whatever you feel comfortable with and what moves.  Moves is the operative word for trading.  If it ain't moving, you have less opportuinty.

As far as technical trading goes, I don't think it matters what you trade, be it fainting goats in Tenn. or the /6E.  They all exibit some technical pattern it's just a matter of identifing the pattern, cycle, R/R factors and then use your plan and disipline to pick the bones.  Smiley 
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"Political Correctness is a doctrine, fostered by a delusional, illogical, liberal minority and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end."
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« Reply #31 on: February 22, 2011, 11:44:43 AM »
Well, things look like they are starting, failed retests coming on some big miners. I will call a last gasp of desperation of this mini up-leg on Pan Am Silver and Silver Standard for today, lots out there may want my neck in a noose for saying it, but I tell it as I see it on the charts. Paladin energy, Interesting, this run started with a low of 2.94, and a high of 5.88 with Financing, an EXACT Double. Think it was by chance of pure public trading?   Huh   Huh    Huh The fog is starting to clear up...Be careful out there, hope you all have your stops in place.
Good Luck and Good Trading...
D  Wink
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" Lesson number two is to learn what most investors never do; that you cannot consistently make money in the market by reading today's fundamentals" - Stan Weinstein
sidewinder
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« Reply #32 on: February 22, 2011, 08:54:49 PM »
Good advice, Depleted
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pinetree
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« Reply #33 on: February 23, 2011, 02:53:03 AM »
Thanks for the update Depleted, I've been expecting a correction for the past month and am in agreement with your assessment.  I've noticed your timing on major market turns has been quite good over the past year or so.   It's always good reinforcement when I see your analysis lining up with mine.
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Don't be so hard on yourself, perfection is not achievable in the markets.  If you're trying to be perfect at every entry and exit then you will nickel and dime yourself into the psychiatric ward.
onlooker
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« Reply #34 on: February 23, 2011, 10:02:40 AM »
yeocokent's January 18, 2011 quote:
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I was doing some research for a magazine article I am writing and ran accross this historical DJIA chart.  I thought it would go well on the "thought provoking" thread.....

http://stockcharts.com/charts/historical/djia1900.html

~     ~     ~

Economic pundits’ predictions have often been wrong, so I am inclined not to post them.    But, I am posting this pundit’s comments which are not his predictions; rather they are his observations on historical events.

See: 
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Buy Oil, Not US Stocks: Marc Faber

Tuesday, 22 Feb 2011

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"The US stock market has now doubled from its low. In other words, there are only three occasions in the last hundred years when the stock market in the US doubled within two years," he added.

One such occasion was in 1934, coming off a "very deeply oversold condition" in 1932 and the other one was in 1937. After 1937 and 1934, the 12 months return were both negative, Faber said.

http://www.cnbc.com/id/41713182
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sidewinder
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« Reply #35 on: February 23, 2011, 05:06:15 PM »
I have had drinks with him on several occasions in Hong Kong although I knew nothing about who he was or what he did at the time.  All I knew was Marc and he was some kind of Dr.  LOL our topics were as far away from finance as you could possibly get.  (well, maybe not entirely LOL).

I think he moved to Thailand, I mean why not go directly to the factory.  O:  I won't talk out of school but he seemed like a cool guy having fun. 

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onlooker
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« Reply #36 on: February 24, 2011, 02:04:10 AM »
Hong Kong is small enough that it's possible to spot a minor celebrity from time to time.  Kinda cool when it happens.   Cool

Still, I could only stand living in pricey, high pressure, rabbit hut-like conditions for so long, before I just had to head back to my wide open space, no worries Canada.
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sunseeker
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« Reply #37 on: February 25, 2011, 05:27:50 PM »
Old news first.....

14th February

London Stock Exchange Switched Over to Linux (dumped Microsoft in favour of a more reliable system)....

http://lxnews.org/2011/02/14/london-stock-exchange-switched-over-to-linux/


Bearing this in mind.........
The London Stock Exchange lost functionality this morning.

http://www.zdnet.co.uk/blogs/mapping-babel-10017967/glitch-halts-london-stock-exchange-trading-10021827/


What system next. Playstation?

ATB  Cool
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You must...
http://tinypic.com/r/1zzhuee/5

http://i33.tinypic.com/zk48rl.jpg
sidewinder
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« Reply #38 on: February 25, 2011, 05:49:08 PM »
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What system next. Playstation?

Why not?  it is after all, just a game.
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sunseeker
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« Reply #39 on: February 25, 2011, 06:06:33 PM »
Quote from: sidewinder on February 25, 2011, 05:49:08 PM
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What system next. Playstation?

Why not?  it is after all, just a game.

Absolutely.


Hi OL

Just noticed that you've notched up your 500th post.....

Time to choose an outfit..  Cheesy
                  
                      

                                  Justly deserved.
ATB  Cool
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MetalMeister
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« Reply #40 on: February 25, 2011, 09:50:24 PM »
Here's my new outfit....!!   Cool

I'm the one with 2 guns loaded...   Grin
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Basically, I'm for anything that gets you through the night - be it prayer, tranquilizers or a bottle of Jack Daniels - Frank Sinatra
onlooker
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« Reply #41 on: February 27, 2011, 12:31:22 PM »
Hi SS:

SS's quote:
Quote
Just noticed that you've notched up your 500th post.....

Time to choose an outfit..   
                     
Much thanks for noticing my milestone at BHSH!

Time to choose a winning outfit?  Hmmm?  In keeping with my lifestyle, I'm going to stick with wearing my sloppy casuals,
 
http://businesstm.com/wp-content/uploads/2010/05/dadclean.jpg

and let my five and a half year kid wear all the ego boosting super hero outfits.   Cheesy   
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sidewinder
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« Reply #42 on: March 01, 2011, 06:34:21 PM »
YEE HAW ......    Ride 'em boys.......................
They tend to come down harder than they go up...... But the "Broom" only vibrated a bit.
« Last Edit: March 01, 2011, 06:38:00 PM by sidewinder » Logged
"Political Correctness is a doctrine, fostered by a delusional, illogical, liberal minority and rabidly promoted by an unscrupulous mainstream media, which holds forth the proposition that it is entirely possible to pick up a turd by the clean end."
MetalMeister
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« Reply #43 on: March 02, 2011, 03:07:58 AM »
I won't be too much longer before that broom CAN fly!!!!!!!!!!!
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Basically, I'm for anything that gets you through the night - be it prayer, tranquilizers or a bottle of Jack Daniels - Frank Sinatra
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