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#11 risk_management

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Posted 08 February 2016 - 11:54 AM

 

So much for some of these "magic" indicators.

 

It all looks good from the cockpit until you look up into the windshield and see the ground staring at you...

 

But some are convinced that down is up, because the indicators say that it has to be up...

 

Indicators are the crutches for the crippled who don't know how to read the price.

 

 

Indeed Sir.  I call them training wheels.  lol



#12 NAV

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Posted 08 February 2016 - 11:56 AM

 

So much for some of these "magic" indicators.

 

It all looks good from the cockpit until you look up into the windshield and see the ground staring at you...

 

But some are convinced that down is up, because the indicators say that it has to be up...

 

Indicators are the crutches for the crippled who don't know how to read the price.

 

 

 

 

P.S- Did you see the number of posts which talked about the bounce last week ? Did you even hear the word "Correction" or "Decline", let alone CRASH ?!

 


"It's not the knowing that is difficult, but the doing"

 

https://twitter.com/Trader_NAV

 

 


#13 SemiBizz

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Posted 08 February 2016 - 12:14 PM

Yep, we've shared the stories about certain market timers that claimed the market was wrong in April 2000 - and it took Nasdaq only 15 years to get back up to those prices...

 

Price-Discovery can be a harsh process, and our perceptions of the future can be rudely interrupted by even harsher realities...

 

Like who would have thought our money would become "funny" again like 2008?

 

Those who understood that BKX chart... what it said, and what it didn't say.- they are not surprised.


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Volume is the only vote that matters... the ultimate sentiment poll.

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#14 viccarter

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Posted 08 February 2016 - 12:15 PM

Fear mongering was so last month...

 

It may or may not crash if it doesn't bounce tomorrow or Wed.  But it's just as likely a rude WAKEUP comes to the bears like... what happened to the oil bears last Wednesday.

 

FCG can't do -3% on the CHK news and people are calling for a crash.  The crash already happened.  All bad news is known in independent oil and gas. 

 

Some of us bumped and pushed the dips on miners since last August.  Dips/Rips.  Made $ all the way up and now trending.  Same with fraud/lies oil and gas.  Nice dip to buy today in FCG.



#15 SemiBizz

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Posted 08 February 2016 - 12:20 PM

RUT just tested the PREVIOUS JANUARY LOW TO THE PENNY at 958.48

 

From Today's Forecasts:

 

RUT fell sharply on Friday and on STRONGER VOLUME to a low of 985.62 and closed on the low of the day, so we have an EXTREME CLOSE, we could see that faded next week as we expect lighter volume over the Lunar New Year and into the 3 day weekend.  Nevertheless we can't just dismiss a LOWER LOW ON STRONGER VOLUME, closing on the low and that we could see some further decline into Monday.  RUT did close on the lowest low of this "crash" event so far on Friday, another powerful message we should not ignore.  We could easily continue lower here based on Friday's momentum with a target of 958, the January low as a downside target.  RUT closed at 985.


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#16 Ticker

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Posted 08 February 2016 - 01:11 PM

Careful with FCG.  It could easily go to $2.60 or lower.  You may be catching a falling knife.  I sold for a loss today.  I will buy back later when there is a break out of the descending wedge.



#17 SemiBizz

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Posted 08 February 2016 - 01:25 PM

GS is down TEN BUCKS HERE

 

146s...

 

boiling-frog-300x277.jpg


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#18 mss

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Posted 08 February 2016 - 02:21 PM

 

panda.gif Lately have seen comments about many indicators, fancy charts, lots of lines etc.,etc. These remarks may be valid in many cases. However not everyone on this board has the same skills. How and when you make decisions depends on your bank account and whether it is growing or shrinking. Some posters show what THEY see and make small comments at to proposed outcome. Sometimes they win, sometimes they lose. Long term posting and comments suggest the truth. Some just huff and puff with wild projections with no indications as to how/why they post. There are some very talented posters here who say very little, but they make money over the long run. Below is something I posted for the second time.

 

mss, on 05 Feb 2016 - 4:54 PM, said:

 

I made a dime or two. I no longer day trade and most of my dimes were in IT trades where I got really good but it took too much of my time. I'm old and want to enjoy myself so most of my trades are I/L T . I started going short on 8/20/15 and have been selling and shorting various things. Started long in Gold in Nov. added Silver in Jan and am 80% of funds allocated to that at the present.

Have a great weekend and remember --IF WE BREAK 1800 two days in a row 1600+/- is next most likely.

 

Best to you,

mss


Edited by mss, 08 February 2016 - 02:22 PM.

WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!

#19 SemiBizz

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Posted 08 February 2016 - 02:51 PM

RUT just tested the PREVIOUS JANUARY LOW TO THE PENNY at 958.48

 

From Today's Forecasts:

 

RUT fell sharply on Friday and on STRONGER VOLUME to a low of 985.62 and closed on the low of the day, so we have an EXTREME CLOSE, we could see that faded next week as we expect lighter volume over the Lunar New Year and into the 3 day weekend.  Nevertheless we can't just dismiss a LOWER LOW ON STRONGER VOLUME, closing on the low and that we could see some further decline into Monday.  RUT did close on the lowest low of this "crash" event so far on Friday, another powerful message we should not ignore.  We could easily continue lower here based on Friday's momentum with a target of 958, the January low as a downside target.  RUT closed at 985.

 

RUT broke even lower here to 955 and change, hovering around that old low now.  Better not close under it.


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics

#20 viccarter

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Posted 08 February 2016 - 04:06 PM

Careful with FCG.  It could easily go to $2.60 or lower.  You may be catching a falling knife.  I sold for a loss today.  I will buy back later when there is a break out of the descending wedge.

You should have kept those shares.