Investors....come in please!

[Turk]

Originally Posted By: Drew99GT
Try doing some charting. Chart out the major indexes with trendlines, chart out what longer duration treasury ETFs are doing, chart out commodities, gold, silver, currencies, the dollar index etc. to get a feel for where the flow of money is going. That has helped me tremendously and it's made me much more successful, especially this year with the insane volatility.

You can use Wordens freestockcharts.com; it's the best free charting software. If that helps, stockcharts.com is awesome, but it's a monthly fee to get all the good features and over 3 years worth of data.

http://www.bondsquawk.com/2012/07/23/divergence-does-not-bode-well-for-stocks-credit/



Oh gosh yes, I'm BIG into charts. I chart everything at work too, been doing Statistical Process Control (SPC) since 1981. Work calls me "Statman".

Thanks for the confirmation.

I bought CAT today at 81.13, near the low of the intra-day chart. Made 1.81% today after I bought it in my Roth. Check out the chart.

 

[Drew99GT]

I hope that didn't come off as me insulting your intelligence!

I used to just buy funds and ETFs without knowing anything about charts or what's going on in the economy!

 

[Turk]

Originally Posted By: Drew99GT
I hope that didn't come off as me insulting your intelligence!



Not at all - good recommendation to anybody!

I also used the chart on the V stock to sell it at it's midday high for a nice triple digit profit, just to buy it back at the low near the end of the day in the 3's. It is it's normal daily trend, but should really take off soon.

 

[Mr Nice]

Drew,

Would you pull your money out of the market and be sitting on cash waiting to see what happens in the next 4-6 months ?

 

[Indydriver]

Here's an interesting read recommended by Rick Santelli of CNBC this morning. It is a rather technical economic analysis of what happens when governements force long term low interest rates through increased borrowing. This sure looks like where we are headed: Japan redux.

http://www.hoisingtonmgt.com/pdf/HIM2012Q2NP.pdf

 

[Indydriver]

Forgot to add to the post above, this is solid evidence as to why debt and deficit reduction are an essential component of any responsible plan to fix what is wrong with our economy. It proves that the fundamental basis of Keynsianism--government spending is stimulative-- is wrong.

 

[Pablo]

NOW we know what happened to Buster!

 

[Drew99GT]

Originally Posted By: LT4 Vette
Drew,

Would you pull your money out of the market and be sitting on cash waiting to see what happens in the next 4-6 months ?



I'm no expert. That totally depends on your individual situation and what type of investor you are, IMO.

I personally am moving a bit more out of stock ETFs and just sitting tight for the moment, but in doing that, you can miss big flash rallies. The Federal Reserve is poised to take action again if conditions warrant it which could spur a big rally, even if the economic outlook is deteriorating.

I got my butt handed to me in 2008 so my main concern is preserving capital.

 

[Drew99GT]

Originally Posted By: Pablo
NOW we know what happened to Buster!




Huh?

 

[Pablo]

Originally Posted By: Drew99GT
Originally Posted By: Pablo
NOW we know what happened to Buster!




Huh?

Quote:
It proves that the fundamental basis of Keynsianism--government spending is stimulative-- is wrong.

 

[GROUCHO MARX]

Originally Posted By: Pablo
NOW we know what happened to Buster!



Buster Keynes?

 

[Pablo]

Yep!

 

[Warstud]

Originally Posted By: Warstud
The next cycle low should arrive on the 26th.


Reminder!

Been dead on...all month. Both tops and bottoms. Don't bet the farm though.

 

[Turk]

Originally Posted By: Warstud
Originally Posted By: Warstud
The next cycle low should arrive on the 26th.


Reminder!

Been dead on...all month. Both tops and bottoms. Don't bet the farm though.


That's today!

Either:

or

 

[Drew99GT]

Originally Posted By: Warstud
Originally Posted By: Warstud
The next cycle low should arrive on the 26th.


Reminder!

Been dead on...all month. Both tops and bottoms. Don't bet the farm though.


Seriously! You are the man.

This one could be short lived if it doesn't break through some serious resistance.

 

[Drew99GT]

Trying to day or swing trade this market is ridiculous when you get such massive overnight gaps in price. You get almost a 2 point gap up at open on the SPY because the ECB chief "says" he's going to fix the Euro. Yea right. If you're not right there at your computer trading after hours, you miss the bounce.

 

[Turk]

Good day. The V stock moved into "load up" territory, imho.

 

[Pablo]

Originally Posted By: Warstud
Originally Posted By: Warstud
The next cycle low should arrive on the 26th.


Reminder!

Been dead on...all month. Both tops and bottoms. Don't bet the farm though.


You think?

E was up nicely.

 

[JHZR2]

Originally Posted By: Drew99GT
Trying to day or swing trade this market is ridiculous when you get such massive overnight gaps in price. You get almost a 2 point gap up at open on the SPY because the ECB chief "says" he's going to fix the Euro. Yea right. If you're not right there at your computer trading after hours, you miss the bounce.


Its been pretty easy actually. 500 or 1000 shares of a bunch of companies can make a decent little profit over and over again. FTE was a winner today, but have been using WFT, VE and FTE for the most part successfully.

 

[Drew99GT]

Yea, but if you bought this bounce during regular market hours like on the 26th, you've already missed almost 1 or 2% of it (index wise). That was kind of my point. If you bought in the day before, then you're the man!

I've bought the last 2 coming off the bottom nicely, with TNA and SPY options and did great, but I'm holding off on this one because it's already half over it looks like. I just had no time to get in early enough for me since everything gaped up.