 Nice shakeout..... |
  |
 Mar 25 2008, 01:37 AM
Post
#1
|
|
 Member Group: Traders-Talk User Posts: 1977 Joined: 2-October 03 From: Ft. Myers Fl. Member No.: 260  |
a quick 10 % shakeout to get all you guys out. Gonna whipsaw ya coolie. This baby is ready to rock and roll.
-------------------- I just want one more bull market.
|
 |
 
|
|
Mar 25 2008, 02:10 AM
Post
#2
|
|
 Member Group: Traders-Talk User Posts: 2319 Joined: 12-October 03 Member No.: 345 |
you think so? wishful thinking? what indicators of such are you using? can you point to other examples where a serious impulse down like we have had does not at aleast have a brother down?
an attack on Iran would presumably be good for metals, but who knows in alice in wonderland world of the feed |
|
|
|
|
Mar 25 2008, 07:49 AM
Post
#3
|
|
 Member Group: Traders-Talk User Posts: 1498 Joined: 30-September 03 Member No.: 190 |
QUOTE (cgnx @ Mar 25 2008, 01:37 AM)  a quick 10 % shakeout to get all you guys out. Gonna whipsaw ya coolie. This baby is ready to rock and roll. If she's gonna bounce right here is a good spot as $XAU, GDX, $HUI all at or around their 200 ema's.........anything over a 50% retrace I would consider a shorting opportunity, with stops, as I said before, once it convinces everyone that this was a speed bump then down she goes again, all imvho of course |
|
|
|
|
Mar 25 2008, 07:59 AM
Post
#4
|
|
 Member Group: Traders-Talk User Posts: 648 Joined: 9-September 03 Member No.: 39 |
A close look at the 60 minute intraday chart for gld still indicates that gld could bump up from here, but volume needs to pick up from yesterday.
uh |
|
|
|
|
Mar 25 2008, 09:19 AM
Post
#5
|
|
|
Member Group: Traders-Talk User Posts: 1977 Joined: 2-October 03 From: Ft. Myers Fl. Member No.: 260 |
Most of you will get back in only when it hits a new high. What indicators tell you Gold is going down from here? I don't really want to know. Whatever indicator that is, get rid of it.
I don't understand how you can not be in the Greatest Bull market about to happen probably of all time. I guess thats why this is called traders-talk and not investors talk. Keep up the musical chairs boys. lol 
-------------------- I just want one more bull market.
|
|
|
|
|
Mar 25 2008, 09:46 AM
Post
#6
|
|
|
Member Group: Traders-Talk User Posts: 1498 Joined: 30-September 03 Member No.: 190 |
QUOTE (cgnx @ Mar 25 2008, 09:19 AM) Most of you will get back in only when it hits a new high. What indicators tell you Gold is going down from here? I don't really want to know. Whatever indicator that is, get rid of it. I don't understand how you can not be in the Greatest Bull market about to happen probably of all time. I guess thats why this is called traders-talk and not investors talk. Keep up the musical chairs boys. lol Simply differing trading styles, some trade 5 min charts others buy and hold for months.....depends on ones risk tolerance and personal preference etc. Not many around here willing to stomach more than a 2% drawdown..... I have also observed that Cheerleading can be hazardous to your wealth  unless of course you are secretly short 
This post has been edited by Woody: Mar 25 2008, 09:47 AM |
|
|
|
|
Mar 25 2008, 12:48 PM
Post
#7
|
|
|
Member Group: Traders-Talk User Posts: 2319 Joined: 12-October 03 Member No.: 345 |
woody: why would something "over" a 50% retrace entice you back in? wouldnt a stronger retrace be evidence that the bounce might be for real?
|
|
|
|
|
Mar 25 2008, 01:32 PM
Post
#8
|
|
|
Member Group: Traders-Talk User Posts: 2319 Joined: 12-October 03 Member No.: 345 |
cg: why not share what you are seeing rather than bash, unless as woody says you are talking the market up to short into?
|
|
|
|
|
Mar 25 2008, 01:38 PM
Post
#9
|
|
|
Member Group: Traders-Talk User Posts: 1498 Joined: 30-September 03 Member No.: 190 |
QUOTE (dougie @ Mar 25 2008, 12:48 PM) woody: why would something "over" a 50% retrace entice you back in? wouldnt a stronger retrace be evidence that the bounce might be for real? Dougie, all depends on a myriad of factors, sitting here today thats the expectation, but if it looks different then I'll go with what the market says. For the sake of the Bull I would like to see a greater unwinding of Bullish sentiment and more folks believing like Neely does ...that the Bull is over, more than likely, this is being viewed as a buying opportunity, and maybe so longer term, but in the vst likely not. Anyway, I will be watching how the mkt reacts at key MA's and at Price resistance with a bias to shorting. Its a very volatile market and I would not read much into a retracement of 50 to 62% |
|
|
|
|
|
Lo-Fi Version | Time is now: 3rd September 2010 - 12:11 AM |