Critical moment in the market right now. Possible sell off to end day coming. Tomorrow looks terrible.
Bearish divergance on the S&P MA's. 800 looks like its not going to hold.
Printable View
Critical moment in the market right now. Possible sell off to end day coming. Tomorrow looks terrible.
Bearish divergance on the S&P MA's. 800 looks like its not going to hold.
well the way they milk this sucker we can repeat days. Go up (or down) just a little each day but make moves in after hours pre-market where those who follow the pattern make their money. They let it go up in general a bit in order to get those who sell along with them to buy back in a dip to try to make more but then they drop the price further so they can climb back on.
I find it interesting how articles like this come out the closer we get to the .40 wall... or is it just me? I think some of the senior guys were talking about that either yesterday or today earlier.... the strange way weird or outdated negative articles will show up mysteriously at critical times.....Quote:
Originally Posted by Demian
I think the next leg up brings SIRI to it's 200 DMA........
http://stockcharts.com/h-sc/ui?s=SIR...d=p89775725136
not too often we see SIRI move this in tune with the overall market.....
I'm back in 100%!!
big ben you buying back in now? your penny move (now 3 pennies from where you sold) seems good? I got in more at .3551 and am clenching my teeth as we approach .35. Not feeling as helpless as I felt down at .14 or .25 but it's creeping up on me again... the pain... the fatalism... the anxiety. I'm going to get a drink.
andQuote:
Originally Posted by Demian
Quote:
Originally Posted by Demian
I think any news at this point is better than none! Both articles are indicating a frustration with Sirius, bringing Sirius recognition! With recognition comes investors!
crap. .35 broken. I should never buy more. buy and hold buy and hold. i can't trade for crap. somebody tell me it's going to be all right. I bet there are so many SIRI investors who are keeping the psychiatry profession (or liquor industry) a float during these tough economic times!
way way way way way oversold atm i think we get a bounce going into close, maybe we get back to .38 like dem called
Run baby run!! (or should I say Fall, baby fall) I was feelin crappy selling at .3801 this morning when it kept teasing .39.....Feeling much better now, but Now when to buy back?
When you buying Ben? I got a little dry powder but will have more tomorrow. I'm thinking .32?
Don't hate me for rooting for a drop. I'm still long 6600 shares (at .385) , and know this puppy has great days ahead, just want to improve my position.
ive been following the same indicators(plus a couple more), i dont expect to hit the 200dma for a couple of weeks(maybe even a month), resistance is hella strong. i see slight upticks in range trading short term while the bands contract. this to me makes for a spring board and huge jump percentage wise once we diverge. there it becomes a short covering and some value money coming in with basically a non down day for multiple days in a row. kind of like what we've seen last week except it will be a more than just a few pennies per day as the price is higher( i think pps will be more concentrated on percentages). 2 things that will make the crossover will either be time or a sick news release. im hoping for the latter as it will propel the springboard higher. the only thing working against the charts (which is extremely bullish) is the R/S. it can happen at any time, as i dont know what mel's intentions on it are.Quote:
Originally Posted by Demian
jmho......i am long, i dont day trade this equity, not till i hit my breakeven at the very least then i will readjust my short term plans but maintain a major core position for the long term.
You'll be ok...Quote:
Originally Posted by dmo2424
I think we all could use a shrink about now.... :)
Hi, Don't wait to hit this thing perfect. Buy when you can make money when you sell and sell when you made the money you hoped for when you bought.
When you do either don't look over your shoulder thinking "crap"
(did I mention I don't pay attention to charts.)
It has an hour to get over yesterdays close and stay in pattern.
PATIENCE guys and gals...
Like I said yesterday, we are heading back to the .20's
We are not making new highs and volume has topped out
Interesting tidbit....23,000 buying....4500 selling..
Now its 3000 buying...4500 selling
The buying side is ALL over the place...Looks like a lot of people getting in..
With all due respect, you are incorrect. The .20's would be a disaster for the people who make a living making the market for this stock. It has to close up more often then not to generate the volume they need. They use afterhours and premarket as their setup for each days trade.Quote:
Originally Posted by SiriusXM - Jason
By going back to the .20's they would allow all the people they spent 2 weeks shaking out back into the money.
p.s. there will be a headfake ( not sure how long it will last) so dont get fooled.
p.p.s. i notice ALOT of noobs are trading ranges, IMO i believe it a huge mistake. most have no plans except "to get rich". when i read posts about people buying and selling on the wrong ends actually makes me laugh. short term( intraday) strategies can change within minutes or even seconds and by the time they read the posts and execute trades (without truly understand all the tech indicators) they either get lucky or get fished in.
It will close above .3560 (by closing up the afterhours and pre-market crowd look to get in for tomorrows up day) Then the game is played all over again.
(I sold at .385 and rebought at .355 today)
.38 .38 .38 .38 .38 .38 .38 .38 .38 .38........