Stock market Thread II--Technical Analysis - Page 4 - XBimmers

mact3333 · 08-09-2011, 05:05 PM

snap back rally confirmed as noted last week...looking for 1220-30 resistance...then selling pressure should come in.

Long TNA, TYH as of this am.

mact3333 · 08-15-2011, 10:41 AM

Posted on 8/9/11...position up 35% approx on both positions...getting close to target on SPX...will close out positions then and look to go short...I would look for 0.5-0.62 fibonnacci retrace level to go short....1230-1250 level.

Volume high on selloff, volume low on snapback rally...enough said....

.

Quote:

Originally Posted by mact3333

snap back rally confirmed as noted last week...looking for 1220-30 resistance...then selling pressure should come in.

Long TNA, TYH as of this am.

mc6754 · 08-15-2011, 03:15 PM

Quote:

Originally Posted by mact3333

Posted on 8/9/11...position up 35% approx on both positions...getting close to target on SPX...will close out positions then and look to go short...I would look for 0.5-0.62 fibonnacci retrace level to go short....1230-1250 level.

Volume high on selloff, volume low on snapback rally...enough said....

.

Really appreciate your insight; your posts have proven to be very helpful. Please keep us updated on when you move to a short position.

mact3333 · 08-15-2011, 03:19 PM

Quote:

Originally Posted by mc6754

Really appreciate your insight; your posts have proven to be very helpful. Please keep us updated on when you move to a short position.

I used to post on stock trading sites...but now I like talking to myself on the BMW board...

...glad you are getting something out of my posts.

mact3333 · 08-17-2011, 10:57 PM

Ok, I am seeing some volume patterns that are not healthy...we have indecision candle today also...we should have seen a decent rally to 1230...caution flags are up for me...might make another run to 1100ish level by end of this month...we have had a nice run up recently but stops should be in place now....esp if we cant clear 1213 soon.

But the euro and USD showing mkt wants to rally...odds favor we go down for 1 wk or so retesting lows...then we should see a counter-trend rally starting in sept lasting a month or so.

AngelinIsRich08 · 08-17-2011, 11:26 PM

Futures are down at the moment as well. And we've been down for the last two days with tomorrow and Friday probably being flat or down as well.

mact3333 · 08-18-2011, 10:07 AM

Volume patterns dont lie...unloaded 1/2 TNA/TYH 2 days ago and rest today at open...1160 was key and it didnt hold hence we will prob retest lows now...then a tradeable rally will come(buy TNA and TYH again)...but odds favor we are in a bear LT now.

rallysport · 08-18-2011, 11:13 AM

Quote:

Originally Posted by mact3333

Ok, I am seeing some volume patterns that are not healthy...we have indecision candle today also...we should have seen a decent rally to 1230...caution flags are up for me...might make another run to 1100ish level by end of this month...we have had a nice run up recently but stops should be in place now....esp if we cant clear 1213 soon.

But the euro and USD showing mkt wants to rally...odds favor we go down for 1 wk or so retesting lows...then we should see a counter-trend rally starting in sept lasting a month or so.

I was waiting to sell when it hit the 1230-40 level and then was going to short it. Was very close to doing so yesterday though after it rallied early and then fizzled out after. Wish I hadn't been greedy lol

mact3333 · 08-19-2011, 09:15 AM

Hope longs acted on my warning the other night that the mkts looked like it was prime for selloff which we have now seen...downside target was 1100ish SPX...ES hit 1117 which is close enough to start accumulating longs slowly...cycle work says we bottom for int term either today or by ed of next week...no eed to act all at once but should accumulate slowly...also, the only true bull mkt right now is gold and silver...never ever lose your core position in the metals whether its pper metal or real metal.

Dont fall for the rah rah GOOG is cheap at 430, 550, 300 crap...stocks trade according to the mkts...you need to know the trend the actual mkts will trade...mkts dont trade on news over int and long term(but will respond on very short term basis)...mkts will do what they were meant to do and news other than QE2,3 etc will have minimal bearing.

Best strategy ihmo is to keep your base metal positions, the slowly accumulate long positions over the next week...but dont forget the rally we will see is a bear mkt rally and I dont think we will go much higher than 1230-1250ish level.

Lastly, I have called many short term and intermediate term bottoms and tops on here but I have very minimal participation on here...I truly am just talking to myself it would appear...unless I get some passive or active participation in this thread, I will stop posting and this thread will be allowed to die.

Vanity · 08-19-2011, 12:12 PM

Quote:

Originally Posted by mact3333

Hope longs acted on my warning the other night that the mkts looked like it was prime for selloff which we have now seen...downside target was 1100ish SPX...ES hit 1117 which is close enough to start accumulating longs slowly...cycle work says we bottom for int term either today or by ed of next week...no eed to act all at once but should accumulate slowly...also, the only true bull mkt right now is gold and silver...never ever lose your core position in the metals whether its pper metal or real metal.

Dont fall for the rah rah GOOG is cheap at 430, 550, 300 crap...stocks trade according to the mkts...you need to know the trend the actual mkts will trade...mkts dont trade on news over int and long term(but will respond on very short term basis)...mkts will do what they were meant to do and news other than QE2,3 etc will have minimal bearing.

Best strategy ihmo is to keep your base metal positions, the slowly accumulate long positions over the next week...but dont forget the rally we will see is a bear mkt rally and I dont think we will go much higher than 1230-1250ish level.

Lastly, I have called many short term and intermediate term bottoms and tops on here but I have very minimal participation on here...I truly am just talking to myself it would appear...unless I get some passive or active participation in this thread, I will stop posting and this thread will be allowed to die.

I don't really know what to say to all your posts because they sound credible and have fulfilled themselves. I read all of them to get another person's opinion on the market atm so I'd love to see more posts

Mact3333 > AngelinIsDoucheBag

rallysport · 08-19-2011, 02:33 PM

Quote:

Originally Posted by Vanity

I don't really know what to say to all your posts because they sound credible and have fulfilled themselves. I read all of them to get another person's opinion on the market atm so I'd love to see more posts

Mact3333 > AngelinIsDoucheBag

yeah I agree

Vanity · 08-23-2011, 12:12 PM

Stock Markets all rose today in anticipation for QE3 from Feds. Would the actual release of QE3 lead to a strong rally or a tank of the stock market as investors flee out?

johanness · 08-23-2011, 04:46 PM

Dude. Love the posts. Keep em coming!

ES_TRADER · 08-24-2011, 10:03 AM

traded 50% into the 8/18 gap...looking for a fill ES

mact3333 · 08-24-2011, 10:43 AM

I know told a few of you via PM's to hold off on SLV and esp. GLD few days ago...charts showed ST blow off top...hope you took my advice...metals need to take a break for abit...its healthier this way.

Jackson Hole strategy....mkts will whipsaw until they decipher Ben's message...if he announces QE3 we are taking off...if there isnt even an hint of QE3 actual or implied, we will selloff...might not be a bad idea to hedge abit with either SPY puts or calls to take the edge off if mkts move against you.

I dumped all my AGQ 2 days ago due to blow off top in GLD/SLV...I will buy this position back eventually...been accumulating TNA and TYH.

While there are no guarantees, the timing band is ripe for a IT bottom to form...doesnt mean we will make new all time highs later this yr cause I now dont think we will, but we are oversold and negative sentiment needs to be worked off for now.

Resistance is now at SPX 1185ish level...Jackson Hole will determine whether we clear this level.

Also remember this bit of advice, if you dont know the mkts really well and you have an uncontrollable urge to buy gold or silver cause its exploding everyday and you are actually close to pulling the trigger, we are very close to a top...mkts will always seduce the inexperienced as they make their living off of them.

Now on a long term basis, there will be clear indications of a final top in gold and silver and I havent seen it yet...but these signs have always worked for me in the past...and no I will not tell you what it is unless you send me hot FAP pics haha...

.

mact3333 · 08-24-2011, 12:49 PM

whoa...gold getting sodomized...

...if youre not holding the physical stuff, would be tough to withstand this type of assault.

ES_TRADER · 08-24-2011, 01:24 PM

Quote:

Originally Posted by mact3333

whoa...gold getting sodomized...

...if youre not holding the physical stuff, would be tough to withstand this type of assault.

u know they still gonna buy the dips in this shit...just wait till central banks start shifting

mact3333 · 08-24-2011, 01:30 PM

Quote:

Originally Posted by richpuer

u know they still gonna buy the dips in this shit...just wait till central banks start shifting

50 dma on 1 yr chart...

ES_TRADER · 08-24-2011, 01:48 PM

Quote:

Originally Posted by mact3333

50 dma on 1 yr chart...

bouncing off the 20ema daily chart...id love to see a breach...its been holding this goddam avg forever

mact3333 · 08-24-2011, 03:50 PM

Quote:

Originally Posted by richpuer

bouncing off the 20ema daily chart...id love to see a breach...its been holding this goddam avg forever

CME raises margin requirement for gold futures...kinda like silver few months ago...geez, wonder if anyone saw this coming?...

...but insider trading never happens...

mact3333 · 08-24-2011, 06:01 PM

warning: Jobs retires from Apple...I have for the past year felt that the day this happened the true bear mkt would be kick started again...where Apple goes the mkt will follow...time to be very cautious here...now I trust Bernanke this friday even less...The Naz should gap down tomorrow quite abit.

Vanity · 08-24-2011, 07:48 PM

Quote:

Originally Posted by mact3333

warning: Jobs retires from Apple...I have for the past year felt that the day this happened the true bear mkt would be kick started again...where Apple goes the mkt will follow...time to be very cautious here...now I trust Bernanke this friday even less...The Naz should gap down tomorrow quite abit.

Good thing I didn't jump into AAPL when it hit $356 this monday.

My guess is Bernanke has no choice but to initiate QE3 now? Thoughts, Mact?

08-17-2011, 10:57 PM	#71
mact3333 Lieutenant Drives: e90 335D Join Date: Mar 2011 Location: Pacific NW Posts: 588 iTrader: (1)	Ok, I am seeing some volume patterns that are not healthy...we have indecision candle today also...we should have seen a decent rally to 1230...caution flags are up for me...might make another run to 1100ish level by end of this month...we have had a nice run up recently but stops should be in place now....esp if we cant clear 1213 soon. But the euro and USD showing mkt wants to rally...odds favor we go down for 1 wk or so retesting lows...then we should see a counter-trend rally starting in sept lasting a month or so. Last edited by mact3333; 08-17-2011 at 11:16 PM.

08-23-2011, 12:12 PM	#78
Vanity Private First Class Drives: BMW E90 LCI Join Date: Feb 2010 Location: BC, Canada Posts: 109 iTrader: (0)	Stock Markets all rose today in anticipation for QE3 from Feds. Would the actual release of QE3 lead to a strong rally or a tank of the stock market as investors flee out? __________________

08-23-2011, 04:46 PM	#79
johanness Hans X2 Drives: 2008 Z4MC Join Date: Aug 2010 Location: Seattle, Vancouver Posts: 1,509 iTrader: (2) Garage List 2008 BMW Z4M COUPE [0.00] 2012 BMW X1 xDrive 28i [0.00]	Dude. Love the posts. Keep em coming! __________________ \|Euro Headers\|SS X-Pipe\|REMUS\|UUC\|Zeck CDV\|AFE Intake\|H&R Springs\|RPI Scoop\|ZHP\|AC Schnitzer Side Skirts\|ESS DirectFlash\|APEX\|RE RaceBrace\| the very last TiAg Coupe

08-24-2011, 10:43 AM	#81
mact3333 Lieutenant Drives: e90 335D Join Date: Mar 2011 Location: Pacific NW Posts: 588 iTrader: (1)	I know told a few of you via PM's to hold off on SLV and esp. GLD few days ago...charts showed ST blow off top...hope you took my advice...metals need to take a break for abit...its healthier this way. Jackson Hole strategy....mkts will whipsaw until they decipher Ben's message...if he announces QE3 we are taking off...if there isnt even an hint of QE3 actual or implied, we will selloff...might not be a bad idea to hedge abit with either SPY puts or calls to take the edge off if mkts move against you. I dumped all my AGQ 2 days ago due to blow off top in GLD/SLV...I will buy this position back eventually...been accumulating TNA and TYH. While there are no guarantees, the timing band is ripe for a IT bottom to form...doesnt mean we will make new all time highs later this yr cause I now dont think we will, but we are oversold and negative sentiment needs to be worked off for now. Resistance is now at SPX 1185ish level...Jackson Hole will determine whether we clear this level. Also remember this bit of advice, if you dont know the mkts really well and you have an uncontrollable urge to buy gold or silver cause its exploding everyday and you are actually close to pulling the trigger, we are very close to a top...mkts will always seduce the inexperienced as they make their living off of them. Now on a long term basis, there will be clear indications of a final top in gold and silver and I havent seen it yet...but these signs have always worked for me in the past...and no I will not tell you what it is unless you send me hot FAP pics haha....

08-24-2011, 12:49 PM	#82
mact3333 Lieutenant Drives: e90 335D Join Date: Mar 2011 Location: Pacific NW Posts: 588 iTrader: (1)	whoa...gold getting sodomized......if youre not holding the physical stuff, would be tough to withstand this type of assault.

08-09-2011, 05:05 PM	#67
mact3333 Lieutenant Drives: e90 335D Join Date: Mar 2011 Location: Pacific NW Posts: 588 iTrader: (1)	snap back rally confirmed as noted last week...looking for 1220-30 resistance...then selling pressure should come in. Long TNA, TYH as of this am.

08-17-2011, 11:26 PM	#72
AngelinIsRich08 Banned Drives: '11 X5M, '09 CTS Join Date: Jan 2011 Location: St. Louis, MO Posts: 709 iTrader: (0)	Futures are down at the moment as well. And we've been down for the last two days with tomorrow and Friday probably being flat or down as well.

08-18-2011, 10:07 AM	#73
mact3333 Lieutenant Drives: e90 335D Join Date: Mar 2011 Location: Pacific NW Posts: 588 iTrader: (1)	Volume patterns dont lie...unloaded 1/2 TNA/TYH 2 days ago and rest today at open...1160 was key and it didnt hold hence we will prob retest lows now...then a tradeable rally will come(buy TNA and TYH again)...but odds favor we are in a bear LT now.

08-19-2011, 09:15 AM	#75
mact3333 Lieutenant Drives: e90 335D Join Date: Mar 2011 Location: Pacific NW Posts: 588 iTrader: (1)	Hope longs acted on my warning the other night that the mkts looked like it was prime for selloff which we have now seen...downside target was 1100ish SPX...ES hit 1117 which is close enough to start accumulating longs slowly...cycle work says we bottom for int term either today or by ed of next week...no eed to act all at once but should accumulate slowly...also, the only true bull mkt right now is gold and silver...never ever lose your core position in the metals whether its pper metal or real metal. Dont fall for the rah rah GOOG is cheap at 430, 550, 300 crap...stocks trade according to the mkts...you need to know the trend the actual mkts will trade...mkts dont trade on news over int and long term(but will respond on very short term basis)...mkts will do what they were meant to do and news other than QE2,3 etc will have minimal bearing. Best strategy ihmo is to keep your base metal positions, the slowly accumulate long positions over the next week...but dont forget the rally we will see is a bear mkt rally and I dont think we will go much higher than 1230-1250ish level. Lastly, I have called many short term and intermediate term bottoms and tops on here but I have very minimal participation on here...I truly am just talking to myself it would appear...unless I get some passive or active participation in this thread, I will stop posting and this thread will be allowed to die.

08-24-2011, 10:03 AM	#80
ES_TRADER Colonel Drives: 328i, 335i, M3, 535i, X5, 36M Join Date: Oct 2010 Location: OC Posts: 2,369 iTrader: (3) Garage List 2012 328i E92 [5.00] 2013 X5 [0.00] 2013 335i F30 [0.00] 1990 Toyota Previa [0.00] 1997 E36 M3 [5.00] 2011 E92 M3 [0.00] 2011 535i [0.00]	traded 50% into the 8/18 gap...looking for a fill ES

08-24-2011, 06:01 PM	#87
mact3333 Lieutenant Drives: e90 335D Join Date: Mar 2011 Location: Pacific NW Posts: 588 iTrader: (1)	warning: Jobs retires from Apple...I have for the past year felt that the day this happened the true bear mkt would be kick started again...where Apple goes the mkt will follow...time to be very cautious here...now I trust Bernanke this friday even less...The Naz should gap down tomorrow quite abit.

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