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Technical Analysis Fallacy

  • #9,421
  • Aug 5, 2009 6:49am Aug 5, 2009 6:49am
Quoting Green_David
Hi, Lusan:
When DJIA was approaching 6000 points, I told you and feb2865 that it was a good time to buy stocks for long term investment (I suggested bank of America and City group). But none of you agreed with me, saying it was too risky. Now DJIA is even beyond my most bold estimate of 9k.
David, I did listen to you...I bought 2 banks: GS and JPM. I sold GS and I am keeping JPM. I go also SLV, XME, and even some nasty OIL.

Quote
Acutually before you know the present bad consumption, huge deficit, economic trouble etc., the market already knew that very well and discounted already.

I agree.

Quote
US is still the sole superpower in the world, and she has the most advanced technology, militery force, most efficient ecnomic and political system, most culture (think about coca cola and hollywood) influence. The industrial productivity, hi-tech creativity, tangible and intangible assets accumulated for several hundred years in US are still there, not gone like bubbles created by the greedy Wall street people..

I agree. USA is number one....Still watch how strong are these bear around the last weeks. We move from 1.24 to 1.44...and so fast...I am holdting tight to my gold.

Quote
It takes time, 2 years or max. 5years to recover. But the market will discount that recovery about 6 months before it accully happens.

But why not better have an eye on China and India. I have some FXI and I might get some more.

Quote
Wish I helped you.

My point is that the market is rallying while master O tell me that my taxes are going up...it does not look that the market really care about it...still who know...just mental guessing to entertain the brain while we wait for E/U to choose a direction right at ~ 1.4450 or 1.4700.

Thanks for the comment.
Empty as water and soft as a facing wind mountain
  • #9,422
  • Aug 5, 2009 9:07am Aug 5, 2009 9:07am
Hi friends,
how are you doing?

For me my dancing day has good profits so far ;-)
  • #9,423
  • Aug 5, 2009 9:26am Aug 5, 2009 9:26am
ai mamood,
im scaling at small orders , today profit just half a percent , getting back in shape slowly , it actually feels better at small scale , judgment cant go wrong when all you think is dancing ...
good trade all
mostly done for the day
To Live is the rarest thing in the world , Most people exist , that is all
  • #9,424
  • Aug 5, 2009 10:40am Aug 5, 2009 10:40am
Inserted Video


  • #9,425
  • Aug 5, 2009 8:55pm Aug 5, 2009 8:55pm
Something for you Dow enthusiasts...... an opinion read, I think Mamood says, possible dung.

http://caps.fool.com/Blogs/ViewPost....05182759257730
  • #9,426
  • Edited 1:43am Aug 6, 2009 12:34am | Edited 1:43am
Good Morning Friends!

I truly love the markets.
Day after day - trading is one of the most fascinating jobs you can do.

All your success or disapointment depends only on you.
There is no one other, that is reponsible for how are doing.
It's all just you!

Wish you all the best.

CU,
MaMood

p.s.: What you can see on USDJPY at the moment is the strong fight for the 9500 level. There is an large option expiration today with that level. Trading volume much stronger than yesterday at the same time ...
  • #9,427
  • Aug 6, 2009 2:03am Aug 6, 2009 2:03am
Just for info:

London, August 6. USD/JPY Continues to trade a now familiar range around 95.00 (94.75/95.23 today), with 95.00 option expiries helping to contain over the last couple of sessions ). There has been plenty of topside demand noted in the options market amid ongoing talk of a weaker JPY - One US Investment bank have been good size buyers of 3-4mth 105.00 strikes this week and various other high strikes for longer dated maturities. Even today in the UK Telegraph - there is an article by Goldmans Jim O"neal, asking if USD/JPY should be at 195.00. Large stops have built above 96.00 and this increases chances of a topside breakout if tomorrows US nfp data fails to dent the recent pick up in risk appetite. EUR/JPY still trading a 137.00 axis and no real interest in to the US Jobs data tomorrow. ECB announcement may be one to watch, but no surprises expected here either, hence more range trading expected. [i][email protected][/i].

Disclaimer: Be aware of possible Cow Dung included :-)
  • #9,428
  • Aug 6, 2009 2:17am Aug 6, 2009 2:17am
Just another interesting info about the tomorrow NFP and others.
But as always: Be aware of possible COw Dung included ;-)

http://www.ft.com/cms/bfba2c48-5588-...6&fromSearch=n
  • #9,429
  • Aug 6, 2009 2:24am Aug 6, 2009 2:24am
made a grave error in size , didnt realize it ... was 10x the intended size , good thing its still ranging , almost got into trouble

good trade to all
To Live is the rarest thing in the world , Most people exist , that is all
  • #9,430
  • Aug 6, 2009 2:28am Aug 6, 2009 2:28am
Quoting maheswara
made a grave error in size , didnt realize it ... was 10x the intended size , good thing its still ranging , almost got into trouble

good trade to all
Hi Maheswara,

sorr yto hear.
But keep cool and focus on PA only.
You'll get it straight again. I'm sure!!!!

Good fortune!
  • #9,431
  • Aug 6, 2009 3:30am Aug 6, 2009 3:30am
Quoting MaMood
Hi Maheswara,

sorr yto hear.
But keep cool and focus on PA only.
You'll get it straight again. I'm sure!!!!

Good fortune!
hey mamood ,
it didnt go bad , so no probs ,

just wondering , y volume has gone down much , is it because they dont see interest rates changing anytime soon...
To Live is the rarest thing in the world , Most people exist , that is all
  • #9,432
  • Aug 6, 2009 3:40am Aug 6, 2009 3:40am
Quoting maheswara
made a grave error in size , didnt realize it ... was 10x the intended size , good thing its still ranging , almost got into trouble

good trade to all
mashes, you are not focused recently
  • #9,433
  • Aug 6, 2009 3:44am Aug 6, 2009 3:44am
Hi imjscn!

Nice to see ya :-)
  • #9,434
  • Aug 6, 2009 3:47am Aug 6, 2009 3:47am
Hi MaMood,

I have family stuffs around, not much trading this Summer, will catch up soon
  • #9,435
  • Aug 6, 2009 3:47am Aug 6, 2009 3:47am
Quoting imjscn
mashes, you are not focused recently
yup,
but gaining focus slowly ... :nerd:
To Live is the rarest thing in the world , Most people exist , that is all
  • #9,436
  • Aug 6, 2009 4:40am Aug 6, 2009 4:40am
Quoting maheswara
made a grave error in size , didnt realize it ... was 10x the intended size , good thing its still ranging , almost got into trouble

good trade to all
mahes, rude awakening, isn't it.

relax, no need to rush, slow and steady does it.
you know you already got what it takes.
Take it in strades. stay

The markets are letargic, she's mostly like that , the calm before the storm , thingy. Only the most determined suitors gets it.

regards


tip: crystal ball say should see 14700 before 14200
if even remotely possible. but of course, CB intervention, thats another kettle of fish.
  • #9,437
  • Aug 6, 2009 6:08am Aug 6, 2009 6:08am
Whew - what a move on Cable after the QE news of BoE ....
Let's see if the ECB has a surprise for us too ;-)
  • #9,438
  • Edited 8:47am Aug 6, 2009 6:26am | Edited 8:47am
Quoting MaMood
Whew - what a move on Cable after the QE news of BoE ....
Let's see if the ECB has a surprise for us too ;-)
I just saw it while drinkink my coffee.
A train moving at fast speed...
I see dead bears left and right!

Now I wonder about the American upcoming figs.
Today will be an interesting day...
will the bulls restablish control?

Edit: I guess not....now kingdoms are off balence.
Is G/U leading the bulls?
Edit2: I listened to my own advise and became a bull...
let us see.
Empty as water and soft as a facing wind mountain
  • #9,439
  • Aug 6, 2009 6:30am Aug 6, 2009 6:30am
Quoting MaMood
Whew - what a move on Cable after the QE news of BoE ....
Let's see if the ECB has a surprise for us too ;-)
Hi. Perfect intraday triangle it was Niels. Got it posted @ my cave. Missed it by a few moments as was busy talking to my fellow trader-girl.
  • #9,440
  • Aug 6, 2009 8:27am Aug 6, 2009 8:27am
Quoting belekas
Hi. Perfect intraday triangle it was Niels. Got it posted @ my cave. Missed it by a few moments as was busy talking to my fellow trader-girl.
I heard you trying to ask money from traders here?
Is this true?
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