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  • #164,241
  • Nov 22, 2009 3:19pm Nov 22, 2009 3:19pm
Quoting SerpentDove
The red MA is the 21ema
I would not trust Sunday open volume to get much past it. There a quite a few traders waiting for a touch of it to short and it looks like it will converge with the daily pivot.
Long closed short in play. I will close out and go to bed If I lose half this nights gains.
  • #164,242
  • Nov 22, 2009 3:19pm Nov 22, 2009 3:19pm
1.487, watch out now.
  • #164,243
  • Nov 22, 2009 3:21pm Nov 22, 2009 3:21pm
Quoting Popee83
The blonde lady --- I think Meredith is full of crap with her double dip fallacy .. just wait for Goldman Sachs to finish correcting and she will be in a world of her own as GS gets back on the financials steering wheel ...
i guess her being correct the other times was fallacy also. oh you cant say fallacy here. because some people get upset. once the origin of the word is known it becomes dirty. also no turkey stuffing,
those who can, do. those who cant, talk about those who can
  • #164,244
  • Nov 22, 2009 3:21pm Nov 22, 2009 3:21pm
Gold at new high today. Maybe last week was just a bull reload after all....
"If The Fool persists in his Folly he will become wise." - William Blake
  • #164,245
  • Nov 22, 2009 3:23pm Nov 22, 2009 3:23pm
I think it was mid-day Thursday and then Friday he euro broke away from the 90% coorelation to US Stocks...what do you guys make of that? What are the implications for PA from here?
  • #164,246
  • Nov 22, 2009 3:26pm Nov 22, 2009 3:26pm
Quoting The Fool
Gold at new high today. Maybe last week was just a bull reload after all....

day trading gold is near impossible imo. gold is obviously in a bull market: buy it, hold it, make good $$$
"Timing Is Everything. Really I Swear It Is"
  • #164,247
  • Nov 22, 2009 3:26pm Nov 22, 2009 3:26pm
Quoting gatorinla
i guess her being correct the other times was fallacy also. oh you cant say fallacy here. because some people get upset. once the origin of the word is known it becomes dirty. also no turkey stuffing,
If I find a double-ended phallusy in my turkey this year - f*ck it I'm goin' to Taco Bell.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #164,248
  • Nov 22, 2009 3:27pm Nov 22, 2009 3:27pm
early part of week lately weak usd.. later part stronger..
those who can, do. those who cant, talk about those who can
  • #164,249
  • Nov 22, 2009 3:27pm Nov 22, 2009 3:27pm
anyone thinkin short some gold here for a scalp/swing play. monthly is looking like the space shuttle. should see some correction? ideas?
  • #164,250
  • Nov 22, 2009 3:27pm Nov 22, 2009 3:27pm
Quoting gatorinla
i guess her being correct the other times was fallacy also. oh you cant say fallacy here. because some people get upset. once the origin of the word is known it becomes dirty. also no turkey stuffing,
Hope you watched the review of her opinion after the closing bell .. Dec 2nd mate .. and the rally zooms on ..
"I am convinced that He (God) does not play dice." - Albert Einstein
  • #164,251
  • Nov 22, 2009 3:29pm Nov 22, 2009 3:29pm
21ema on 1h finally touched, now to see if it means anything.

Conspicuously MS1 was untouched. I won't be stubborn though, Lord knows where London will go with this.

I'm not trading Gold, I'm trading Euro/Usd, the risk for shorts is that equities will form a right shoulder, which would make shorts at this level a tad risky.

I do also recall that the last 10% I added to my account was fading a hour pin, this one is more doji-ish.
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  • #164,252
  • Nov 22, 2009 3:29pm Nov 22, 2009 3:29pm
Quoting Popee83
Hope you watched the review of her opinion after the closing bell .. Dec 2nd mate .. and the rally zooms on ..
I dunno man, I think she is correct. Just because she missed the top by a few days doesn't mean squat imo. I'm short like a mofo from 1075-1110
"Timing Is Everything. Really I Swear It Is"
  • #164,253
  • Nov 22, 2009 3:29pm Nov 22, 2009 3:29pm
Quoting Masrim
1.487, watch out now.
only the resistance and the pivot, more to come.
  • #164,254
  • Nov 22, 2009 3:30pm Nov 22, 2009 3:30pm
Now the battle is to close above 1.4870 4H, possibly another hammer? That, or a bearish scenario, we'll know, relatively soon.
  • #164,255
  • Nov 22, 2009 3:31pm Nov 22, 2009 3:31pm
Quoting TexasforEX
day trading gold is near impossible imo. gold is obviously in a bull market: buy it, hold it, make good $$$
There's a fortune to be made there on a decent pullback, but you can lose one trying to catch it. I have had fun scalping XAU - its fun making 4-500 pips in 10 minutes. But you have to burn 200 pip sl's right and left to get that. Unless you're not retarded like me and just buy it and hold on...
"If The Fool persists in his Folly he will become wise." - William Blake
  • #164,256
  • Nov 22, 2009 3:33pm Nov 22, 2009 3:33pm
Quoting The Fool
Unless you're not retarded like me and just buy it and hold on...
I am starting to like you...or maybe that's all the Miller Lite I drank at the Cowboys game talking.
"Timing Is Everything. Really I Swear It Is"
  • #164,257
  • Nov 22, 2009 3:35pm Nov 22, 2009 3:35pm
Quoting Popee83
Hope you watched the review of her opinion after the closing bell .. Dec 2nd mate .. and the rally zooms on ..
sure.. in ozz all is clear. goldmen getting 0/.5% loans is part of the norm.. take away the bottle and what do you have. opinions of the same clowns who put us here.
those who can, do. those who cant, talk about those who can
  • #164,258
  • Nov 22, 2009 3:37pm Nov 22, 2009 3:37pm
Quoting scalpah
anyone thinkin short some gold here for a scalp/swing play. monthly is looking like the space shuttle. should see some correction? ideas?
I not sure but last week i just short gold all trades was +,right now i short again but if it will do the same like last week started im scrue.
  • #164,259
  • Nov 22, 2009 3:44pm Nov 22, 2009 3:44pm
Since we are in the bussiness of speculating, I do not see a double bottom in the stock market. I see a new low. First 6 months of next year.


This is my opinion. You may have a very different opinion. And so may everyone else. The only certainty we have is no one is either right or wrong in any opinion as only price action will dictate the correct answer.

As for my reasoning...its my interpretation of how this corrupt world works only, and what I think will happen when we have a national California debt crisis on our hands. Simply because everyone will be affected. The holiday shopping season will give strong proof of this assumption. The treasury cannot print dollars forever. Geithner is on the chopping block already.
Different opinions highly valued, ignorant to slander.
  • #164,260
  • Nov 22, 2009 3:47pm Nov 22, 2009 3:47pm
Morning /evening all
The best thing that can happen to you is to find out where you're wrong.
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