The Stock Market

[zorro1]

having problems with tv website or my laptop, any case cant post current chart but keep an eye out for the next rally which may not last long but could eclipse previouse highs. after that well amargedon maybe just be prepared for a quick exit

[zorro1]

midas you ready to call me mr market told you about the bounce

[basjke]

midas you ready to call me mr market told you about the bounce

Bounce? Is that correct English,"bouncing down"?

[zorro1]

The best time to buy but just make sure you sell next day. market SMASHED!!!

[midas]

The best time to buy but just make sure you sell next day. market SMASHED!!!

And which letter shaped recovery do you see these days zorro ?

[zorro1]

markets will look like this

7

L

U

M

W

Take your pick historically we =should bounce before capitulation. I dont care now I take any profit i see on the bounces. Bought today and anything more than -50 (upwards) will see a tidy profit monday. If not then I take the loss. now we are at the casino . i wiated patiently for the last bounce and sold the next day so heres hoping monday is kind. As far as the world economy I couldnt give a toot, Im just playing the numbers short term.

[basjke]

markets will look like this

7

L

U

M

W

Take your pick historically we =should bounce before capitulation. I dont care now I take any profit i see on the bounces. Bought today and anything more than -50 (upwards) will see a tidy profit monday. If not then I take the loss. now we are at the casino . i wiated patiently for the last bounce and sold the next day so heres hoping monday is kind. As far as the world economy I couldnt give a toot, Im just playing the numbers short term.

I see time of your post was 16:37,so you bought already long before the markets opened.Would you mind to tell us what you bought and at what rate,then maybe we can organize a party for you on Monday if it is clear that you made a huge profit.

Anyway I like your phrase,if I don't have profit I will take the loss.You sound like the weather man.

Edited February 5, 2010 by basjke

[zorro1]

firstly a tidy profit isnt a "huge profit" I made a massively huge profit in the rally. A thousand or 2 is all Im aiming for not bad if it comes off

huge profits were made in stocks sucha as pen which I bought a million shares at 28c and sold at 55c

there are many more which are listed on this thread however not one person aknowledged anythings not even my call on the rally LoL

Nobody disclosed any holdings here but me why? no balls to scared to buy

Simple if the dow dipps again my stop will be hit. Im just playing now small bets for me so need to party if I win 1 or 2 k not worth a party , well not compared to the rally profits already had that party, still hungover

[midas]

markets will look like this

7

L

U

M

W

Take your pick historically we =should bounce before capitulation. I dont care now I take any profit i see on the bounces. Bought today and anything more than -50 (upwards) will see a tidy profit monday. If not then I take the loss. now we are at the casino . i wiated patiently for the last bounce and sold the next day so heres hoping monday is kind. As far as the world economy I couldnt give a toot, Im just playing the numbers short term.

So the truth finally comes out

First you argued your faith in the “ market “ based on momentum and sentiment. Then after the momentum stopped

after 10,000 in post after post you referred to your infamous “ V ” shaped recovery. Now you say you don’t care about a recovery.

So lets face what you are doing now is straight up gambling…………no skill on your part because you

admitted to being an amateur but even the professionals are taking their money home now.

Still time for you to get some psychiatric help with that gambling addiction

[nakachalet]

i just came off the stocks forum. you really need to go there where you'll find plenty of companies.... LOL

just curious though, from your past experiences, did you ever find anyone who can reasonably predict which way the downs, NIKKEI, FTSE, DAX or S&P.... is going?

is there any broker, analyst, long term trader, medium trader, day trader, nano trader et cetera.... out there yonder who with in depth knowledge of earning reports, economic calendar data, gold price, oil price etc, gold, banking, mining, commodities and many others etc...,

can actually predict the direction of the market with any degree of accuracy and consistency....?

if there is such a guru in existence....what would such a person be doing amongst us motals....

and why would such a person be doing anything at all but counting his/her trillion euro....?

about 6 hrs before u s mkt opened today, an established multimillionnaire called to ask--which direction is downs heading today? my response was, i do not really know....

he called back again around 9 am (est), 30 min before mkt opened with the same question.... again i told him, it is going higher.... he wants to know why is it going up....? i answered, i do not know....

he continued--i am serious now, which direction is it going for sure? my answer was, it would probably be going lower....

again he wanted to know why.... my answer again was, i do not know for sure....

he was a little pissed and said that one of his banker confidants told him that he should call me for trading advices.... lol

i told him again, i really do not know which way the mkt is going to move and nobody in the world would be able to tell him with any degree of certainty which way the mkt is going to turn....

and my sms to him read....

i am very sorry, i truly do not know what the mkt is going to do or how high or how low it is going to trade....

i only trade with the trend and take whatever the mkt would give me during that particular session....

and even with my well defined perimeters i still lost several millions since 1986.... LOL

and i also advised him to go to THAIVISA STOCKS MARKET FORUM where he can find all the answers.... LOL

so jackinbkk.... you'll find your answers and plenty of enthus companies there....

best of luck and more importantly wishing you profitable trading as well.

<question posted in another forum>

hi jackinbkk

i just came off the stocks forum. you really need to go there where you'll find plenty of companies.... LOL

just curious though, from your past experiences, did you ever find anyone who can reasonably predict which way the downs, NIKKEI, FTSE, DAX or S&P.... is going?

is there any broker, analyst, long term trader, medium trader, day trader, nano trader et cetera.... out there yonder who with in depth knowledge of earning reports, economic calendar data, gold price, oil price etc, gold, banking, mining, commodities and many others etc...,

can actually predict the direction of the market with any degree of accuracy and consistency....?

if there is such a guru in existence....what would such a person be doing amongst us motals....

and why would such a person be doing anything at all but counting his/her trillion euro....?

about 6 hrs before u s mkt opened today, an established multimillionnaire called to ask--which direction is dows heading today? my response was, i do not really know....

he called back again around 9 am (est), 30 min before mkt opened with the same question.... again i told him, it is going higher.... he wants to know why is it going up....? i answered, i do not know....

he continued--i am serious now, which direction is it going for sure? my answer was, it would probably be going lower....

again he wanted to know why.... my answer again was, i do not know for sure....

he was a little perplexed and said that one of his banker confidants told him that he should call me for trading advices.... lol

i told him again, i really do not know which way the mkt is going to move and nobody in the world would be able to tell him with any degree of certainty which way the mkt is going to turn....

and my sms to him read: i am very sorry, i truly do not know what the mkt is going to do or how high or how low it is going to trade....

i only trade with the trend and take whatever the mkt would give me during that particular session....

and even with my well defined perimeters i still lost several millions since 1986.... LOL

and i also advised him to go to THAIVISA STOCKS MARKET FORUM where he can find all the answers.... LOL

in addition, in thaivisa stocks forum, there are several very able individuals who are attempting to achieve and attain not just the above.... but admirably also--BEYOND THE STANDARD OF EXCELLENCY in their daily predictions and predicaments...

so jackinbkk.... you'll find your answers and plenty of enthus companies there....

best of luck and more importantly wishing you profitable trading as well.

Edited February 5, 2010 by nakachalet

[nakachalet]

moderator

can you help pls? pls delete the top part of my repetitive post. much appreciated.

and to everyone: i am very sorry about my posting error and my inability to delete the top part.... resulting in double posting within one page.... am truly sorry.

the proper post should read like the followings:

<question posted in another forum>

hi jackinbkk

i just came off the stocks forum. you really need to go there where you'll find plenty of companies.... LOL

just curious though, from your past experiences, did you ever find anyone who can reasonably predict which way the downs, NIKKEI, FTSE, DAX or S&P.... is going?

is there any broker, analyst, long term trader, medium trader, day trader, nano trader et cetera.... out there yonder who with in depth knowledge of earning reports, economic calendar data, gold price, oil price etc, gold, banking, mining, commodities and many others etc...,

can actually predict the direction of the market with any degree of accuracy and consistency....?

if there is such a guru in existence....what would such a person be doing amongst us motals....

and why would such a person be doing anything at all but counting his/her trillion euro....?

about 6 hrs before u s mkt opened today, an established multimillionnaire called to ask--which direction is dows heading today? my response was, i do not really know....

he called back again around 9 am (est), 30 min before mkt opened with the same question.... again i told him, it is going higher.... he wants to know why is it going up....? i answered, i do not know....

he continued--i am serious now, which direction is it going for sure? my answer was, it would probably be going lower....

again he wanted to know why.... my answer again was, i do not know for sure....

he was a little perplexed and said that one of his banker confidants told him that he should call me for trading advices.... lol

i told him again, i really do not know which way the mkt is going to move and nobody in the world would be able to tell him with any degree of certainty which way the mkt is going to turn....

and my sms to him read: i am very sorry, i truly do not know what the mkt is going to do or how high or how low it is going to trade....

i only trade with the trend and take whatever the mkt would give me during that particular session....

and even with my well defined perimeters i still lost several millions since 1986.... LOL

and i also advised him to go to THAIVISA STOCKS MARKET FORUM where he can find all the answers.... LOL

in addition, in thaivisa stocks forum, there are several very able individuals who are attempting to achieve and attain not just the above.... but admirably also--BEYOND THE STANDARD OF EXCELLENCY in their daily predictions and predicaments...

so jackinbkk.... you'll find your answers and plenty of enthus companies there....

best of luck and more importantly wishing you profitable trading as well.

Edited February 5, 2010 by nakachalet

[zorro1]

markets will look like this

7

L

U

M

W

Take your pick historically we =should bounce before capitulation. I dont care now I take any profit i see on the bounces. Bought today and anything more than -50 (upwards) will see a tidy profit monday. If not then I take the loss. now we are at the casino . i wiated patiently for the last bounce and sold the next day so heres hoping monday is kind. As far as the world economy I couldnt give a toot, Im just playing the numbers short term.

So the truth finally comes out

First you argued your faith in the " market " based on momentum and sentiment. Then after the momentum stopped

after 10,000 in post after post you referred to your infamous " V " shaped recovery. Now you say you don't care about a recovery.

So lets face what you are doing now is straight up gambling…………no skill on your part because you

admitted to being an amateur but even the professionals are taking their money home now.

Still time for you to get some psychiatric help with that gambling addiction

Midas In a bull market the bulls ramp everything UP including their own stock and a recovery

The bears ramp everything DOWN in a bear market

sorry to break your little heart but thats the market for you. I couldnt give a toot about a recovery , Im cashed up.

I bought friday when dow was -260

I will sell monday when the dow is +10

back to cash again . I will make $$$. Buy low sell high Midas a monkey can do it.

Have a good weekend I know I will

Edited February 5, 2010 by zorro1

[siamamerican]

I've now invested 100% of my allotted stock market investment funds into equities/ETF's across the globe. 2 weeks ago I owned zero stocks! Really hard to call the markets short term direction but the only thing that matters is that it is worth more when I sell it. I read the last few pages of this topic and it's odd the abuse posters take for calling the market wrong. If I was right 80% of the time on my short term market predictions I would be extremely rich. As it is, I'm right slightly more than I'm wrong in the short term but almost always rewarded in the long term.

For what it is worth, I'm betting the market rebounds sometime in the next 2 weeks and the Dow will be above 10300. I'm extremely confident my portfolio(down 3%) will be heavy in the money before year end.

[Abrak]

can actually predict the direction of the market with any degree of accuracy and consistency....?

if there is such a guru in existence....what would such a person be doing amongst us motals....

and why would such a person be doing anything at all but counting his/her trillion euro....?

Personally I am not convinced that, if the guy was that smart, he would be counting EURO at all.

[zorro1]

I've now invested 100% of my allotted stock market investment funds into equities/ETF's across the globe. 2 weeks ago I owned zero stocks! Really hard to call the markets short term direction but the only thing that matters is that it is worth more when I sell it. I read the last few pages of this topic and it's odd the abuse posters take for calling the market wrong. If I was right 80% of the time on my short term market predictions I would be extremely rich. As it is, I'm right slightly more than I'm wrong in the short term but almost always rewarded in the long term.

For what it is worth, I'm betting the market rebounds sometime in the next 2 weeks and the Dow will be above 10300. I'm extremely confident my portfolio(down 3%) will be heavy in the money before year end.

Chinese New Year 14th! Big $ usually gets tipped into the Chinese economy then. Thats when most are predicting a possible start to the new rally. Get onto this site if your not there already. I couldnt trade without i

www.hotcopper.com.au

also this charting programme is brilliant, it scans the whole ASX and triggers a buy or sell signal automatically when the trend starts to change. Has made me a lot $$$ and its around $10 a month

invest4y.com

[lannarebirth]

I've now invested 100% of my allotted stock market investment funds into equities/ETF's across the globe. 2 weeks ago I owned zero stocks! Really hard to call the markets short term direction but the only thing that matters is that it is worth more when I sell it. I read the last few pages of this topic and it's odd the abuse posters take for calling the market wrong. If I was right 80% of the time on my short term market predictions I would be extremely rich. As it is, I'm right slightly more than I'm wrong in the short term but almost always rewarded in the long term.

For what it is worth, I'm betting the market rebounds sometime in the next 2 weeks and the Dow will be above 10300. I'm extremely confident my portfolio(down 3%) will be heavy in the money before year end.

You're willing to go in 100% in the hopes of making 3%? How great of a stop loss would one put on that? Just curious.

Edited February 6, 2010 by lannarebirth

[zorro1]

I've now invested 100% of my allotted stock market

allotted

could be $500 could $500k how else could you invest it but 100%?

[lannarebirth]

Livermore 101:

IMPORTANCE OF VOLUME

From the beginning of his trading career, Livermore was keenly aware of the importance of volume. Volume is a key factor in recognizing true Piv-otal Points and other recurring patterns. It was obvious to Livermore that as the volume drastically changed in a stock, it was a clear aberration or deviation from the normal behavior of the stock. But was the volume accumulation or was it distribution? Livermore was an expert at detecting

distribution. He had formed a strong opinion on that subject, because he knew how stocks were distributed by the pool runners of his day. The pool runners, experts like Livermore, were often charged with distributing the stock of the insiders who had formed a pool with their own stock for the purpose of controled distribution.

How did the pool runners do it? The same way as they do it today.Stocks were never distributed on the way up . . . they were distributed on the way down. The reasoning was simple—people will not take their losses when they should. The public will hold on to their stock as it drops and wait until it rallies back to the price where they bought it, so they cansell it. This is why so many stocks falter as they rally back to the old high.

The people who bought at the high are now selling to get their money back—because they got a serious fright—and are now happy to recoup their losses.

To the astute trader, a change in volume is an alert signal. It almost always

means that there is something afoot, a change, a difference, a possible

aberration. A serious change in volume always caught Livermore’s attention. He would ask himself—was it the volume leading to the blow off, setting the stage for a decline, or was it a real interest in the stock,was it being accumulated getting ready to be driven higher?

Reminiscences of a Stock Operator, Edward LeFevre

Edited February 6, 2010 by lannarebirth

[nakachalet]

lannarebirth

very interesting, seemingly, indisputable theory indeed....

now... did livermore also expound somewhere how to implement his theory to existing markets....?

so ordinaries like we could benefit from his writing and begin to make some real money like so many persons in the forum....?

i can hardly wait for some real application.... at last....!

come to think of it, there have been several seminars attracting many who would like to learn just how to apply such seemingly indisputable theory into existing market conditions.... but the organizers and presentors could only, at best, apply the theory to selective time frames at selective intervals and selective market conditions.... to many attendees' disappointment....

yes, the oranizers and presenters got wealthier at the expense of the eager attendees....

maybe, this theory .... and this time.... it is different.... what is the cost of attending, pls..... LOL

Edited February 6, 2010 by nakachalet

[Abrak]

now... did livermore also expound somewhere how to implement his theory to existing markets....?

so ordinaries like we could benefit from his writing and begin to make some real money like so many persons in the forum....?

So it should work something like this....

1. Find a stock on a PE of 3x and trading US$20,000/day (it is trading US$20,000/day because it is on a PE of 3x and vice versa.)

2. Turn it into a stock on a PE of 3.5x trading US$200,000/day.

3. Watch it magically turn into a stock on a PE of 6x trading US$1m/day.

4. If you get really lucky the fact that the market cap. has doubled and volume increased 50x will mean that institutions actually start buying it.

5. When it is one of the top 20 most actively traded shares dont forget to sell.

Edited February 6, 2010 by Abrak

[terenceyeo]

More US banks failing coming soon.

Thailand political situations on-going.

[midas]

I've now invested 100% of my allotted stock market investment funds into equities/ETF's across the globe. 2 weeks ago I owned zero stocks! Really hard to call the markets short term direction but the only thing that matters is that it is worth more when I sell it. I read the last few pages of this topic and it's odd the abuse posters take for calling the market wrong. If I was right 80% of the time on my short term market predictions I would be extremely rich. As it is, I'm right slightly more than I'm wrong in the short term but almost always rewarded in the long term.

For what it is worth, I'm betting the market rebounds sometime in the next 2 weeks and the Dow will be above 10300. I'm extremely confident my portfolio(down 3%) will be heavy in the money before year end.

You're willing to go in 100% in the hopes of making 3%? How great of a stop loss would one put on that? Just curious.

This is a serious question....based on your own statement " Really hard to call the markets short term direction ",

at that sort ratio wouldn't the odds of making money be better in a casino ?

[zorro1]

Hi rice boy the markets are a casino its what makes them work. One big difference though its called a stop, last time I will explain it for ya in terms you will or should understand

you go to the casinio and being a rice boy you head straight for the chocolate wheel, the big round one surrounded by 20 year olds and 70 year blue rinse set.

you place your $1 on 33-1 and the wheel spins your heart is pumping

in the final spin you can clearly see its not going to be your night. $1 gone

stockmarket

same deal pick a stock the bell rings the stock surges you hesitate and it heads back to 90c you sell whilst watching for a 10% loss 90c back you live to play another day. PLEASE tell me you understand this right? where would you rather be at the chocolate wheel or by the pool at your condo trading?

worst case scenario , yet let the stock slide and dont use your stop, its still there waiting for the next bounce. This is what is called a long term holder

[Orion76]

lannarebirth

very interesting, seemingly, indisputable theory indeed....

now... did livermore also expound somewhere how to implement his theory to existing markets....?

so ordinaries like we could benefit from his writing and begin to make some real money like so many persons in the forum....?

i can hardly wait for some real application.... at last....!

come to think of it, there have been several seminars attracting many who would like to learn just how to apply such seemingly indisputable theory into existing market conditions.... but the organizers and presentors could only, at best, apply the theory to selective time frames at selective intervals and selective market conditions.... to many attendees' disappointment....

yes, the oranizers and presenters got wealthier at the expense of the eager attendees....

maybe, this theory .... and this time.... it is different.... what is the cost of attending, pls..... LOL

Wow, you've really done your homework...

[Orion76]

I've now invested 100% of my allotted stock market investment funds into equities/ETF's across the globe. 2 weeks ago I owned zero stocks! Really hard to call the markets short term direction but the only thing that matters is that it is worth more when I sell it. I read the last few pages of this topic and it's odd the abuse posters take for calling the market wrong. If I was right 80% of the time on my short term market predictions I would be extremely rich. As it is, I'm right slightly more than I'm wrong in the short term but almost always rewarded in the long term.For what it is worth, I'm betting the market rebounds sometime in the next 2 weeks and the Dow will be above 10300. I'm extremely confident my portfolio(down 3%) will be heavy in the money before year end.

Lots of traders are profitable with as little as a 30% success rate because their risk reward ratio is better than 1:3 and they use good money management, ie. not holding on to losing trades.

I'm extremely confident my portfolio(down 3%) will be heavy in the money before year end.

Extreme confidence has blown many trading accounts.

What criteria have you set for selling your shares if you are wrong? Even if you are right in the long run, being underwater for 10 months is bad for your mental wellbeing, and leaves your capital tied up in unprofitable investments.

Edited February 7, 2010 by Orion76

[badge]

can actually predict the direction of the market with any degree of accuracy and consistency....?

if there is such a guru in existence....what would such a person be doing amongst us motals....

and why would such a person be doing anything at all but counting his/her trillion euro....?

Personally I am not convinced that, if the guy was that smart, he would be counting EURO at all.

On September 11th 2009 I posted these two charts on a forum of professional traders(of the United States DJIA and Germanys DAX), citing a few resistance levels, shown from lowest to highest, as a red boxes.

Ive also included updated versions from the February 5th close.

However Im sad to report I dont have a trillion of anything to count

[badge]

Incidentally I tweeked my resistance levels as more data became available, but was eventually still 30pips out on the high for cash DJIA and 14pips out on the high for cash DAX.

[flying]

Even if you are right in the long run, being underwater for 10 months is bad for your mental wellbeing, and leaves your capital tied up in unprofitable investments.

Sometimes in markets like today where many feel cash is king I think about what Mark Twain said

I am more concerned about the return OF my money than the return ON my money. --Mark Twain

[Orion76]

Even if you are right in the long run, being underwater for 10 months is bad for your mental wellbeing, and leaves your capital tied up in unprofitable investments.

Sometimes in markets like today where many feel cash is king I think about what Mark Twain said

I am more concerned about the return OF my money than the return ON my money. --Mark Twain

I agree with Twain, if price falls a few % below my entry point I want my money back. You can always buy the stock back when it rebounds if you're in love with the company.

Here is a 10 year chart of the Nasdaq. I wonder how many investors who bought in the late 90's are still confident that one day their shares will rebound

Edited February 8, 2010 by Orion76

[midas]

i just came off the stocks forum. you really need to go there where you'll find plenty of companies.... LOL

just curious though, from your past experiences, did you ever find anyone who can reasonably predict which way the downs, NIKKEI, FTSE, DAX or S&P.... is going?

is there any broker, analyst, long term trader, medium trader, day trader, nano trader et cetera.... out there yonder who with in depth knowledge of earning reports, economic calendar data, gold price, oil price etc, gold, banking, mining, commodities and many others etc...,

can actually predict the direction of the market with any degree of accuracy and consistency....?

if there is such a guru in existence....what would such a person be doing amongst us motals....

and why would such a person be doing anything at all but counting his/her trillion euro....?

about 6 hrs before u s mkt opened today, an established multimillionnaire called to ask--which direction is downs heading today? my response was, i do not really know....

he called back again around 9 am (est), 30 min before mkt opened with the same question.... again i told him, it is going higher.... he wants to know why is it going up....? i answered, i do not know....

he continued--i am serious now, which direction is it going for sure? my answer was, it would probably be going lower....

again he wanted to know why.... my answer again was, i do not know for sure....

he was a little pissed and said that one of his banker confidants told him that he should call me for trading advices.... lol

i told him again, i really do not know which way the mkt is going to move and nobody in the world would be able to tell him with any degree of certainty which way the mkt is going to turn....

and my sms to him read....

i am very sorry, i truly do not know what the mkt is going to do or how high or how low it is going to trade....

i only trade with the trend and take whatever the mkt would give me during that particular session....

and even with my well defined perimeters i still lost several millions since 1986.... LOL

and i also advised him to go to THAIVISA STOCKS MARKET FORUM where he can find all the answers.... LOL

so jackinbkk.... you'll find your answers and plenty of enthus companies there....

best of luck and more importantly wishing you profitable trading as well.

This stuff was in today's telegraph:

The Fed's own Monetary Multiplier crashed to an all-time low of 0.809 in mid-December. Commercial paper has shrunk by $280bn ($175bn) in since October. Bank credit has been racing down a hair-raising black run since June. It has dropped from $10.844 trillion to $9.013 trillion since November 25. The MZM money supply is contracting at a 3pc annual rate. Broad M3 money is contracting at over 5pc.

Prechter: We're At A "Grand Supercycle Top", Nowhere Will Be Safe In The Coming Downturn

http://www.businessinsider.com/prechter-we...downturn-2010-2