Why Yes! Of Course! The Baron Von Raschke Play!Quote:
Originally Posted by Dr. Dave
How could I have missed this . . . johnnyirishxm even mentioned the "iron claw formation" just a few days ago . . .
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Why Yes! Of Course! The Baron Von Raschke Play!Quote:
Originally Posted by Dr. Dave
How could I have missed this . . . johnnyirishxm even mentioned the "iron claw formation" just a few days ago . . .
LOL! That's so awesome!!!!!Quote:
Originally Posted by Sirius Roadkill
I actually have a couple patterns I found that I named myself - one is the triple swoop, but there's only 2 swoops, and the Chinese downhill.
============================================Quote:
Originally Posted by vaporgold
Wow. For a minute there I thought you could see me trying to figure them out.......................:eek::googley::iagree:
Quote:
Originally Posted by Dr. Dave
thanks dave for the insight. now this is my first year following the market. do mutual funds/traders start up again towards the end of december or does everyone wait till the new year?
They work year round, but in terms of reporting numbers, they report quarterly and their end of year results... ie.
AsFX Fund 2009 Results: +1570% vs. SP500 +20%
Spectacular Sponge Small Cap Fund 2009 year end results: +40%
2009 End of Year Results - Goldman Sachs Only Bailout Receiver Fund: +120%
2009 End of Year Results - Goldman Sachs Small banks we didn't buy and didn't receive funding Fund: +5%
They all have to calculate their value on the last day of the year. So they may adjust things accordingly. Thus far, the month has been pretty docile, so I'm not expecting a big change, but on December 1, I started looking for signs.
But, they could dump to ensure a good number if some of the others start to dump first. Flipside, if everyone is busy with holiday shopping, including the managers, it'll lay low. I just figure, there still hasn't been much of a dump off, since the rally, so a few scares could get the ball rolling. Then the crowd will follow, particularly, since everyone perceives that the market has rallyed too far compared to the state of unemployment, etc.
Anyway, usually for a turndown, you'd see the weaker stocks head down first (which would be something like SIRI and the like (plot SIRI, QQQQ, AAPL against each other a few years back, along with some random tickers)), then once the bigger ones start to crack, then you get a downtrend. I'm watching AAPL and JPM and such, as if they start to go first, then the probability that the small guys follow really gets increased.
So, not saying it's gonna happen, you just watch, trade accordingly. And bear in mind, you don't get every trade right, so don't fret over it, just cover your butt. Or, if you have a lot of cash, and invest a small portion of your account, then I suppose you can do the average down game, just can't run out of cash, or let the world end in the process.
Again, I'm no master trader by any means, but that's what I see or at least think.
Nasdaq futures riding the line... (I'd rather see them break north than south!)
names redacted for privacy . . .
September 27, 6:38 P.M.:
Sh*r**: miss you
joh**y: now that's hot so who is your new broker SRK
Sh*r**: no new broker...still running dry powder...been in on 2 real trades in the past 2 months
joh**y: I need you
Sh*r**: then get your tight wallet over here and visit me! I need u
joh**y: I will wear you out soon
Sh*r**: how soon? I got a new screenshot
joh**y: really. Where
Sh*r**: I just sent u a pic of it...it is on my chart thread below my avatar...implanted a little CINN
joh**y: send it again. I didn't pick up on that
joh**y: you must need some IBD from me
joh**y (at 8:45 p.m.): do you have a broker
Sh*r**: I don't even have someone I am dating...no...u can be my broker
joh**y: then I am
Sh*r**: I wish
joh**y: quiet and secretively we will always be invested
joh**y: when was the last time you got paid
Sh*r**: ha. king-of-kings doesn't pay anyone here
next time you spot this pattern somewhere show me please..lolQuote:
Originally Posted by Dr. Dave
SRK- hilarious
Thanks Socal. Nice job. I'm thinking the Buzz has a lead pipe lock on victory. KOAT is too optimistic - almost all them predict a higher close vs. their SB opponent. If I had played, I'd be there right with SRK - "stuck in a rut" and I agree 100%.Quote:
Originally Posted by socalrunningfool
We are winning in match play 8 - 2, but we ought to count stroke play as well (cumulative difference of prediction vs. close). I think the Buzz wins there too.
What's Up All. Great posts on this thread. Let's keep it up and keep up the contest chatter going.
Buzz picks are on the left, koat guys on the right
julietoo .83 vs stang3O2 .75 KOAT ahead by .08
s50fan .77 vs Asm610 .83 Buzz ahead by .06
Havakasha .68 vs Great Gazoo .84 Buzz ahead by .16
Candleman .78 vs Sheree .79 Buzz ahead by .01
socalrunnningfool .721 vs rick .8897 Buzz ahead by .1676
bassmaster .735 vs. Michiganblue .8915 Buzz ahead by .1580
John .72 vs RichardKeane .795 Buzz ahead by .075
SiriusRoadKill .6349 vs JohnnyirishXM .86 Buzz ahead by .2251
Dr. Dave .535 vs Relmor .90 Buzz ahead by .215
Hopeful .8173 vs Captains Pick .72 KOAT ahead by .0973
It needs to be said here that the SiriusBuzz team is currently on top in "8" matches with the KingofAllTrade team ahead in "2". 8-2 Buzz.
With 13 trading days remaining, the KOAT team does indeed need a nice "rumor" or "upgrade" to get them closer. Dr. Dave has indeed closed in on SRK as being the "Top Spread Dog" in the contest.
Still hoping to put together a half way chat at KOAT need to confirm with Johnny for next weekend. Hope everyone is well and let's put the shoe down to the ground, and do some ground and pound. :boxing::hammer::gfight:
Did you watch the Penn Vs. Sanchez fight???? Man... ouch.Quote:
Originally Posted by socalrunningfool
Lol, the spread for Relmor and I is always going to be high... we're on opposite sides of the spectrum. Price can be 0.60, 0.70, 0.80 and we'll be up there.
I'm just surprised so many of them picked prices so far above the 0.68-0.70 band. It takes 2 technical events for the price to settle there, a bounce of thee trendline and a break thru of that resistance zone. If I remember right, the price has only closed above 0.70 twice, and that was not at the previous earnings release, but the one before... when we were still negative. Even with a rally off the trendline, the highest I'd go would be 0.74, with the idea that the price is fighting within the resistance area.
For all our sakes though, I hope Relmor's price is the one that hits... but the ATR (using a 14 period, which for short term for contest's sake is ok) is in a downtrend. When the contest started, it was challenging the march low, at about 0.02. During the rest of the year, it only challenged 0.03 twice. We're at 0.021 this weekend, and the last time it hit below 0.02 was in February. That's also what is likely holding the March calls down so low. If it breaks 0.02, I bet one could buy Jun $1 calls at 0.05. I think the ticker is QOXFA.
Who knows though - one thing I learned is statements like "It can't go past XXX" or "Well never see ### again", aren't ones to trade by.
So far, this month has been sideways on the indexes, so really need them to move one way or the other to get the ATR rolling, or as you said, some tremendous news. At this point, if there is an upgrade, I'm sure most institutional guys will wait until after the year end to move anything. Seems like they are content on riding out the year with what they have for reporting's sake.
We're challenging some horizontal price support at 0.60. The candle is hammerish - but with a lower close, lets hope that one springs - for our account's sake. The previous hits were more indicative of rebounds, as the candles had longer tails.
Havakasha - you basically have my bullish pick - I picked 0.68 for a bullish case and then shaved half a penny in case of a tie breaker...
Anyway, have fun xmas shopping or whatever you folks are doing!!!
Man, I wish futures trading would start up!!!
Nasdaq futures still hugging the line - didn't break 1800.
But, it's right up there, hopefully, we'll get a breakout on these holiday shopping numbers. There is another stimulus bill up, that could float us up a little more. Maybe then SIRI will rally up.
Sirius XM onyX Satellite Radio with Dock & Play Home and Car Kit
http://www.hsn.com/sirius-xm-onyx-sa...833445_xp.aspx
Video is about 15 mins long, they screwed up quite a bit but hey whatever sells! :D
I hope it tops the Zune player by tomorrow afternoon, and we get a bounce!Quote:
Originally Posted by Hopeful
I had picked .65 on the low end and .72 (that would have been hilarious if i had picked the same price as John) on the high end, and ultimately decided to go close to the middle of those 2 figures.Quote:
Originally Posted by Dr. Dave
You have to give the Doctor his due. They are impressive!! I will stay with Havakasha..I still think he will be close at .68. Perhpas .66 to.67Quote:
Originally Posted by socalrunningfool
vaporgold
Thanks for your expressed confidence, but are you sure you want to go with me? I mean John is the guy who says he has great common sense, does his research, and has such vast stock picking experience. :DQuote:
Originally Posted by vaporgold