7 replies to this topic

[ogm]

Just reflecting on the xcitement on the board A lot of stops went off today. Now I'm sitting on a lot of cash. A lot more cash then the previous time the world was ending Some charts do look sppoky. But we have another rate cut coming up in a week or so. So we'll probably rally into that one. Looking for stuff in uptrends to buy on this dip.

[ed rader]

Just reflecting on the xcitement on the board

A lot of stops went off today. Now I'm sitting on a lot of cash.

A lot more cash then the previous time the world was ending


Some charts do look sppoky. But we have another rate cut coming up in a week or so. So we'll probably rally into that one.

Looking for stuff in uptrends to buy on this dip.

were you stopped out of SNDSK? VIRL lost 4 cents today on half volume .

ed rader

Edited by ed rader, 19 October 2007 - 04:07 PM.

[Tim Johnson]

No ******** re the "excitement" from some on here. A few really need attention, I guess, LOB!!!

[hiker]

bears WERE right. now it is over is what I hear you saying. NYA closed just below the 50day ema. SPX closed well below the 50day ema, and outside the daily lower BB

[eminimee]

What would this do for investor psychology? ...don't get me wrong...haven't flipped bullish yet....tried to play at least a bounce late in the day and got burned...but didn't hurt my mountains of cash



Will go charting this weekend....



http://stockcharts.com/c-sc/sc?s=$HGX&p=D&yr=5&mn=5&dy=0&i=p16900529626&a=90039873&r=9895.png









The more I stare at this....the more I like it...





http://stockcharts.com/c-sc/sc?s=$NYAD&p=D&yr=0&mn=9&dy=3&i=p88250582328&a=113409410&r=6675.png

[hare_bear]

Incredible Vision Tea! Thanks for tha wonderful charts you provide this board with.

[JAP]

Just reflecting on the xcitement on the board

A lot of stops went off today. Now I'm sitting on a lot of cash.

A lot more cash then the previous time the world was ending


Some charts do look sppoky. But we have another rate cut coming up in a week or so. So we'll probably rally into that one.

Looking for stuff in uptrends to buy on this dip.

Yeah, and Mr. irrational exuberance was wrong.

[ogm]

bears WERE right.

now it is over is what I hear you saying.

NYA closed just below the 50day ema.

SPX closed well below the 50day ema, and outside the daily lower BB

We're certainly oversold, but I don't know if its over or not.

This was a whole confluence of events today. OPEX, 1987 aniversary, general fear over earnings and the end of the world and so on. Unfortunately today did a lot of technical damage to my indicators. So I'm neutral.

Either way.. there are too many influences that are pulling different sectors in different directions, so I'm not trading indexes, since general trend in indexes is pretty confusing here. Except for the Naz.

I'm just going to trade individual stocks like I've been doing for the past few month and not care about indexes too much, because of these multiple influences.