THE OLD DOG LAID DOWN AGAIN
http://stockcharts.c...4000&r=6165.png
Oops!
Started by
diogenes227
, Jul 08 2010 11:41 AM
5 replies to this topic
#1
diogenes227
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Posted 08 July 2010 - 11:41 AM
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#2
goldswinger
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Posted 08 July 2010 - 03:02 PM
THE OLD DOG LAID DOWN AGAIN
http://stockcharts.c...4000&r=6165.png
You an always teach an old dog new tricks, this one is learning to jump high when it tries.
Probably one more new wavelet lower from here before a take off or bounce move to the recent highs (probably a wave
or a correction of this wave down..........not sure.....either way a good bounce I am eying....
GS.
#3
Tor
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Posted 08 July 2010 - 03:07 PM
a stupid post. the guy would have gone long given his posting.
anyway its still above the buy point so whats the issue.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#4
diogenes227
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Posted 08 July 2010 - 03:27 PM
Uh, what guy are you talking about?a stupid post. the guy would have gone long given his posting.
anyway its still above the buy point so whats the issue.
And what buy point, yours? Where's the stop? At break even at least, I hope.
UNG broke out of its base, which made it actually look promising and gave a nice quick profit, but now it's fallen back into that base with a notable uptick in volume -- and that is not good! I don't give much weight to news but UNG died on the news there's just too much natural gas in this world.
GS's point is well taken, it could drop to the bottom of its range -- 6.80 to 7 or so -- rise from there. That would be typical of range-bound trading.
Since you asked, I guess the issue is don't let a profit turn into a loss or don't let your time get wasted by trades going no where, or both.
Go stops to you.
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).
“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”
"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."
#5
Tor
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Posted 08 July 2010 - 04:43 PM
Uh, what guy are you talking about?a stupid post. the guy would have gone long given his posting.
anyway its still above the buy point so whats the issue.
And what buy point, yours? Where's the stop? At break even at least, I hope.
UNG broke out of its base, which made it actually look promising and gave a nice quick profit, but now it's fallen back into that base with a notable uptick in volume -- and that is not good! I don't give much weight to news but UNG died on the news there's just too much natural gas in this world.
GS's point is well taken, it could drop to the bottom of its range -- 6.80 to 7 or so -- rise from there. That would be typical of range-bound trading.
Since you asked, I guess the issue is don't let a profit turn into a loss or don't let your time get wasted by trades going no where, or both.
Go stops to you.
lol. as you like pal.
Observer
The future is 90% present and 10% vision.
The future is 90% present and 10% vision.
#6
inamosa
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Patterns-based Trader and Investor in ETFs and Futures
Posted 08 July 2010 - 07:00 PM
Ignore Tor, diogenes. Don't waste your time with TT's menace.
Wish there was an Ignore List feature on this site.
"Our job is not to predict where the market will go, but to interpret daily price and volume action to ascertain the facts of the current environment and make decisions based on that interpretation."
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months
