robwiley |
Gold User, Member, TeleChart
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Unsure |
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Wednesday, March 9, 2005 |
Monday, October 9, 2006 2:06:43 PM |
71 [0.02% of all post / 0.01 posts per day] |
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LOL
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WOW
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This thread has reached a bottom no doubt!
Go back to CNBC and the masters of misdirection that operate the market.....
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That's funny. Trading a gun Mfg company stock with a bunch of gunrunners and criminals alike in the speculation arena called Wall Street.
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Sell into a rally. Buy them when they are not wanted. Enter a stock when institutes are now buying them. The clock always comes back to 12:00. Whatever the cons of CNBC are saying, it likely is a typical lie and the opposite of what they mumble is the results. Are the stocs low? On the weelky & daily? Then that may help target entry point to long an issue. What does the VIX say? Low you go high you buy. Remember, every reason to buy or short a stock is valid, to the participant. But, the institutes with the big wallet move it for "whatever" reason they want to! Follow what they are doing and forget the rest of what you hear, it's all noise...
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Most online trading firms have a free information source about the basics to expert level on options. Some even offer various levels of understanding thru classes. The one I use "E-----" has them. Learn about them before one penny is put to any option play -PLEASE DO THAT. Don't spend a dime on any software package as I have learned they are a trap. Hard work to get wisdom will pay off. You can get all the information for free that will be very useful.
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It seems you are tenatively aware of the mixed messages of TRAN going down and DJX going up. A sign of what led up up to the 1987 black Monday was those two birds doing the opposite swing. Will it reoccure, who knows? Those two elements in opposite directions don't do well for the market from what I've seen. Keep your stops current.
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Look at the Stocs. 15 minute, daily, weekly. What are they doing? Vol confirm?? What are the support resistence levels telling you?
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Both are relavent. TA and the monkeys. Monkey wants good banana called good ER or dot dot dot.
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Quote:"Again, if they drive a stock then doesn't it make sense to follow their path instead of technical or fundamental focused reasoning as to why "we" think they are going to do what they do?"
The istitutes drive a stock price. Not fundamentals or ER reports etc. They are --reasons-- institutes chose to get into it which is fine so I meant by the quote to focus on the monkey with the wallet who will drive the issue up / down, not to discard the technicals that help us see their foot prints leading over to the ABC pulpit where the market maket is at. We need to be wise enough to follow them and do what they are doing to be on the winning side of the wave.
Quote:"I follow the "money trail" putting all theology aside."
The money trail is the wallet of the monkey of the institutes. What he does drives the stock. It's a bit too ideal to get that immediate information so indicators are the next best thing of course. Lest we should actually be on ground zero where the rubber meets the road and we get it at the same time and price and be on the winning direction side of the tsunami wave.
Can't ask for too much from people who have a job to extract Money like all gun runners do.
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