Stock market Thread II--Technical Analysis

[ES_TRADER]

Originally Posted by BMW//M

Oh man you must've been slaughtered. Did you get hurt really badly with it or you don't have any long positions?

Long 50,000 shares...hows that for being slaughtered......it was actually more like daylight rape, now that i think about it

[OOOSQ]

Originally Posted by richpuer

Long 50,000 shares...hows that for being slaughtered

[ES_TRADER]

Originally Posted by mact3333

wow...this thread is degenerating quickly....

+1 mkt causing people to get delirious

dont kno what the fuck anymore

[mact3333]

did you mfo's look at the charts I have been posting...we are in a bear trend now...once 1180 broke but esp. after 1140 broke down...look at gold and silver charts they are clearly broken now...I expect the rallies to be very short lived...but once we see 1000-50 ES we should see a buyable bottom...this should happen soon.

Then look for a decent rally followed by a steep decline into Nov is what timing studies say...once we break 1000 there will be panic selling to 900...then Bernanke breaks down and gives us QE3 to stop the mkt bleeding but it will guarantee us steep inflation and our economy will suffer again as the money will go to the banks once again and the avg Joe will see nothing but a cap on stock mkt declines.

These are jmho's of course...

BTW, when gold hits 1500 level I will be buying more physical metal getting ready for QE3 inflation party.

[mact3333]

ES 1125-40 a decent place to short....use stops.

[ES_TRADER]

Originally Posted by mact3333

did you mfo's look at the charts I have been posting...we are in a bear trend now...once 1180 broke but esp. after 1140 broke down...look at gold and silver charts they are clearly broken now...I expect the rallies to be very short lived...but once we see 1000-50 ES we should see a buyable bottom...this should happen soon.

Then look for a decent rally followed by a steep decline into Nov is what timing studies say...once we break 1000 there will be panic selling to 900...then Bernanke breaks down and gives us QE3 to stop the mkt bleeding but it will guarantee us steep inflation and our economy will suffer again as the money will go to the banks once again and the avg Joe will see nothing but a cap on stock mkt declines.

These are jmho's of course...

BTW, when gold hits 1500 level I will be buying more physical metal getting ready for QE3 inflation party.

HOWS this for charts???

[mact3333]

Not bad, but I want some commentary on what will happen over next month or so...

Originally Posted by richpuer

HOWS this for charts???

[ES_TRADER]

^^^ well there are basically 3 scenarios that will play out

1. retest of the Hs
2. continued sideways or box
3. break below the box and were off to 1000 and thats FOR SURE

which one will you bet on?

actually from a R/R standpoint, betting on the retest of the Hs are a better bet because your risk is defined @ 1100....if you bank on the shorts, your effectively risking to the top of the TR which is 100 or so pts, vs risking 30 or so right now to make 3 times that

[ES_TRADER]

look at this fucking bid here ES

[mact3333]

hope you guys took notice of that broken AGQ(double long silver) chart I posted few days ago...silver and gold getting sodomized now...good, I need to buy more gold at lower prices....want to see gold get to 1400-1500 level.

[Javi335]

Originally Posted by mact3333

hope you guys took notice of that broken AGQ(double long silver) chart I posted few days ago...silver and gold getting sodomized now...good, I need to buy more gold at lower prices....want to see gold get to 1400-1500 level.

To me gold market is preparing now the field for the next months, it needs a speculative margin streetch for 2012. I see it going to 2300 in the future and all people singing

Now won't you bubble bubble
Let me see you shake it, shake it
Now won't you drop it, drop it
Ohh, take it, take it

[mact3333]

Originally Posted by Javi335

To me gold market is preparing now the field for the next months, it needs a speculative margin streetch for 2012. I see it going to 2300 in the future and all people singing

Now won't you bubble bubble
Let me see you shake it, shake it
Now won't you drop it, drop it
Ohh, take it, take it

Gold will be a buy again when Bernanke cries uncle and gives the street QE3...simple as that...in mean time, deflationary forces at work as margin calls will cause people to sell everything not nailed to floor and esp. winners where they still have profits.

BTW, agree with you gold should see 2500.00 but not this yr...we need a flood of funny money Fed inspired money supply to get the CRB and gold moving again.

[ES_TRADER]

Originally Posted by mact3333

Gold will be a buy again when Bernanke cries uncle and gives the street QE3...simple as that...in mean time, deflationary forces at work as margin calls will cause people to sell everything not nailed to floor and esp. winners where they still have profits.

BTW, agree with you gold should see 2500.00 but not this yr...we need a flood of funny money Fed inspired money supply to get the CRB and gold moving again.

when your mailman and hairdresser both tell you to get long Gold and Silver in your portfolio (as they both told me 3 weeks ago), you know its time to GTFO and get fucking short as fuck and keep pressing it....thank god my puts came in today...no bids last week and soared over 1000% today..

[BMW//M]

SLV has fallen over 20% this week. It's $32 now if I'm not mistaken. If you expect it to go up get some sell to open puts. They'll give you a lot of money right now since they've risen with SLV's fall.

[infinitekid2002]

how do u feel about netflix?

[mact3333]

Originally Posted by richpuer

when your mailman and hairdresser both tell you to get long Gold and Silver in your portfolio (as they both told me 3 weeks ago), you know its time to GTFO and get fucking short as fuck and keep pressing it....thank god my puts came in today...no bids last week and soared over 1000% today..

You go to a hairdresser?...for perm or just a cut?..

Just kiddin ya bro, I like your posts cause they all have the word fukk or shit in them...your passion/anger really shows...

[mact3333]

Originally Posted by infinitekid2002

how do u feel about netflix?

NFLX's only shot is from buyout by AMZN...gambling???

[infinitekid2002]

lol

[rallysport]

Well this at least explains gold, silver and copper going down. Not like there was much insider trading going on here or anything
http://www.zerohedge.com/news/case-c...copper-margins

[BMW//M]

Originally Posted by mact3333

NFLX's only shot is from buyout by AMZN...gambling???

If they get bought out or something they'll go up 30% easily in a single day.

[wuzupfoo]

the sky is falling... seriously though, weak rebound today, no catalysts, run on french banks, this sucker (S&P500) has room to fall. 1100 ish there is a pivot if it breaks then all kinds of stops are going to be triggered.

Only thing that can push it higher would be a bazooka type solution from the G20 or the ECB.. Im not holding my breath though it is a risk.

Disclosure: Im short SPY and GLD and have been for the last week..

[BMW//M]

[quote=wuzupfoo;10480050]the sky is falling... seriously though, weak rebound today, no catalysts, run on french banks, this sucker (S