KW, if what you say is true for you and your finding it difficult to find stocks, how about trading index's or something, you know some of those are seasonal and have a more probabilistic outcome than some of these stocks.
Just a thought anyway~!
Printable View
KW, if what you say is true for you and your finding it difficult to find stocks, how about trading index's or something, you know some of those are seasonal and have a more probabilistic outcome than some of these stocks.
Just a thought anyway~!
Hey DF,
Just been hooked up on the computer in Koh Samui after 10 days. You been making any money??? NGE is moving on up...beautiful!!!!! Not enjoying my ride in CVX at the moment. Will send you a PM in the next day or so!!!
Gazprom
WOW, this market keeps on BOOMING! We ve all forgotten there was even a crisis less than one year back.
KW,
I agree with you. I have purchased TSO and sold for a nice profit and have also purchased some AJA because of the yield. I am not putting the house on them, but the yield is tempting and trading at a susbstantial discount to NTA.
Regards
LEW.
yep...Really really strong, and the US at least is on the back of some really good earnings from its top companies...
I've got my positions all set, this time around, though I won't be standing when the music stops - I was a bit concerned this morning when the guys on CNBC started going on about Jo Public starting to enter the market lol....
Now just need to research indicators that show that the DOW bull rally is running out of momentum.....
Dunno about the cyclic bear market and crisis being forgotten..There are many out there who remember it so well they find it hard to accept that this cyclic bull market may still have some legs left in it and have now decided to sit it out on the sidelines awaiting for that crisis opportunity to return.
TA wise...the AllOrds has broken above its old high before its second correction thus final confirmation that the second correction is history and the primary advance trend has recommenced albeit at a much steeper trend rate than many investors expected...
The All Ord is now primary advancing towards its next TA Target point at 5500 ...(5000 + (5000 - 4500) )
Those figures are rounded for convenience... 5000 is nearer to 4980 or perhaps the Oct 2009 intra-day high of 4900 may count and there was an intra-day low lower than 4500.
A bull trap would stop this primary advance but as we have already had one of those around the New Year, the chances of a second one occurring within 3-4 months of each other should be considered as low.
For those on the sidelines chances are it could be an agonising wait waiting for P chart to turn red again.
There are plenty of indicators that could be used for that purpose, Trackers. Here is just one of them. It is a composite of multiple conventional indicators such as moving averages, stochastics, DMI etc. There is not so much as a hint of the DOW losing momentum at this point. You can see by the MSI plot that the pedal is still right to the metal.
http://i602.photobucket.com/albums/t...sPB/DOW415.gif
I would hope that those so cautious as to be on the sidelines would be prudent enough to wait for the chart to turn light-green before buying up large!
Trackers...Also heard on CNBC this morning that there were a number of factors causing this rapid swing up...yes FA investors coming in with better profit announcements..Joe blogs plucking up courage to re-enter...but apparently the permabears had to cover their shorts, sounds like there were a large number of them too
Tried to figure out why there was a large amount o shorts around...apart from the 11000 DOW and 1200 S&P500 being psychological numbers there is a large Resistance/Support zone around this area dating back as far back as 1998... perhaps this was part of the reason.
Ironic really to think that the Bulls may have the bears to thank for that +1% rise today....eh
Edit: Phaedrus Quote..."I would hope that those so cautious as to be on the sidelines would be prudent enough to wait for the chart to turn light-green before buying up large"....Good in theory P, but I suspect many get seduced by the dark side and buy up that "cheap bargain"..eh