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Post by huh on Oct 4, 2016 10:52:10 GMT -5
But like I said, I'm terrible at predicting fundamentals - and why I stick to charts.  I only try to guess what fundies might cause the things the charts are predicting |
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Post by huh on Oct 4, 2016 11:00:01 GMT -5
If you're a near term bull, you really, really want to see ES_F break >2170 soon If you're a long term bear, you really, really want to see ES_F break >2170 soon  |
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Post by walnut on Oct 4, 2016 11:00:53 GMT -5
Stocks reaction to fundamentals is almost 100% random, since all available info was already baked into prices in the first place, the fundamentals tend to fail more than succeed in the short term. (IMO)
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Post by walnut on Oct 4, 2016 11:02:11 GMT -5
market feeling heavier than buoyant at the moment still
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Post by huh on Oct 4, 2016 11:05:19 GMT -5
market feeling heavier than buoyant at the moment still AAPL backtesting the bullish breakout is all, IMO. BAC also in a bullish breakout. |
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Post by huh on Oct 4, 2016 11:07:31 GMT -5
Stocks reaction to fundamentals is almost 100% random, since all available info was already baked into prices in the first place, the fundamentals tend to fail more than succeed in the short term. (IMO) Over the years what I've found is that the fundies only work as catalysts for the charts to make their already forecasted bigger moves. It doesn't matter if the news is bullish or bearish, the pps will react in the direction of the charts. For example if charts show a big down move coming, and employment number is good, price will still head down and the media will call it a sell the news because of the good #'s. If price went up, media will say it's because of the good #'s. This why I always say the charts don't predict the news, only the reaction to it |
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Post by walnut on Oct 4, 2016 11:10:32 GMT -5
San Bernadino closed their courthouse due to estimated 1% elevated risk of major earthquake this week.
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Post by huh on Oct 4, 2016 11:10:32 GMT -5
AAPL could also fill the opening gap. So support between 112.50-113
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Post by huh on Oct 4, 2016 11:19:37 GMT -5
Gold failing that FIB support miserably
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Post by huh on Oct 4, 2016 11:39:03 GMT -5
Expect WFC to find major support between 43.60-43.80 Like DB did last Thursday, WFC completed a downside target of a H&S. Has additional trend support ~43.60. 44.50 now the resistance to beat to get it into dead cat bounce/squeeze mode WFC - tiny vertical line was H&S target. LT bearish but recent tag of lower channel should get at least dead cat bounce  |
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Post by clinton on Oct 4, 2016 12:32:08 GMT -5
sold half of SDS
waiting for a fed person to talk down the dollar soon
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Post by clinton on Oct 4, 2016 12:52:31 GMT -5
added GORO at 5.90 earlier
shit better pop tomorrow
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Post by clinton on Oct 4, 2016 13:08:16 GMT -5
LONG TNA 77.28
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Post by Herceg on Oct 4, 2016 13:27:49 GMT -5
JNUG and NUGT very tempting but will wait for things to settle down........ JMO and BOL small starter at 13.86..........gold will not stay down forever...............I hope.............lol Just as expected, this bounced from the 15 - 16's several times to the 20's and the one time I buy it tanks..............uggghhhhh........  .......this may take awhile......... |
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Post by clinton on Oct 4, 2016 14:05:46 GMT -5
sold other half SDS
fed wont let this market out of this range
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Post by huh on Oct 4, 2016 14:16:05 GMT -5
I thought so, been thinking so... This is gonna be a good show  Apparently I bought tickets to the wrong show  |
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Post by walnut on Oct 4, 2016 14:42:49 GMT -5
Maybe it's a double feature. Just stay in your seat
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Post by dino on Oct 4, 2016 14:54:14 GMT -5
Maybe it's a double feature. Just stay in your seat LOLOLOLOLOLOL... |
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Post by huh on Oct 4, 2016 15:15:01 GMT -5
That's 2 days in a row the market barely hangs in there. That's 2 days down, 2 days with red VIX scams. I can't remember a time that didn't end with a big move up.
But I'm really sick of being a bull. Have been since the Feb lows, with the exception of a very short stint in June - and even then I said it would only be a short term pullback. Let's just get this blow-off top over with already. I'm ready to give in to the dark side
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Post by clinton on Oct 4, 2016 20:23:55 GMT -5
Stocks reaction to fundamentals is almost 100% random, since all available info was already baked into prices in the first place, the fundamentals tend to fail more than succeed in the short term. (IMO) Agree, Fundamentals are for long term trading |
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I only try to guess what fundies might cause the things the charts are predicting
