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Profile: spinalix
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User Name: spinalix
Groups: Gold User, Member, TeleChart
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Joined: Wednesday, January 10, 2007
Last Visit: Wednesday, July 11, 2018 1:29:34 AM
Number of Posts: 5
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Last 10 Posts
Topic: Let's Talk for Just a Minute About Picking a Bottom ...
Posted: Monday, November 3, 2008 9:44:26 PM
With the VIX dropping and the market getting some good footing on the recent October low, I think we are due for a corrective rally in the coming weeks. Moving averages looks good on major indexes and it's a good possibility the trend will continue for a little while. On a elliotwave pattern, it looks like we are heading for 3:4 that could extend to around the end of November. That would also indicate that this market will head lower into 2009.

It also seems that the market could pullback within the next day or two from being overbought but the longer term should give us a decent rally before falling again.
Topic: Anyone see Google at the end of the market today?
Posted: Tuesday, September 30, 2008 4:06:08 PM
This could be an error on OptionsXpress streaming quotes, but towards the end of the day - about the last few minutes before close - Google shot up past 100 points, then dropped all the way to .01? If not an error, how could this even happen?
Topic: Chaos in the Financial Sector
Posted: Sunday, September 14, 2008 7:01:19 PM
I have just noticed futures just dropped over 270 points in DOW, 40 points in NASQDAQ and 35 points in the S&P 500. While my trading career has been short, this is the first time I have seen as steep as a drop as this. At the same time, I have never seen futures pop up such as it did when Fannie and Freddie was taken over. These days sure bring some interesting scenarios to the market.
Topic: Hmmm tomorrow up?
Posted: Thursday, August 28, 2008 9:04:04 AM
Like you Scott, I was prepared to start selling my long positions and get ready for some short positions today. From the looks of futures, it looks like the bounce may extend a little longer.  Still I'm still on the very cautious side of how long I want to hold these positions, I think I want to play it safe since a bounce higher then the recent highs seem unlikely... well anything can happen. If the market is less volatile today I may open up a long position or two. Strangely enough, it seems like it's going to be a strong day.

Happy trading.
Topic: Volume Spread Analysis (It's Back)...
Posted: Saturday, June 21, 2008 8:52:52 PM

While I am basically a new person here on the forums I do spend my time roaming around this particular board looking for new concepts or ideas that are posted among the more experienced traders.

This actually has been a useful resource, and I can tell quite a few of the usuals must have been in this occupation for some time. Yet when their ideas are shared, no one claims that their method is absolute and is usually offered as a topic for research. I have found that your replies, BigBlock, are some of the least helpful information found on this board, in my opinion.

Instead of bashing with negative criticism, you should do your best to educate us so that we can become more successful, if that is your intent.

On VSA, the first time I've heard of it was on this Worden forum. This is an interesting concept that I have not looked too much into, but plan to do more research and see if it's applicable to my trading style. Not one indicator will clearly define the probability, but when combined with different methods that point to the same direction, that is gold and that's what we should be interested in. And I can see VSA as being a helpful indicator to determine probabilities.

Clearly you are not a fan of VSA, BigBlock. My question is why do you have such a negative perception on VSA? Have you proven its invalidity? If you can share with us on actually why you would not recommend VSA then that would be most helpful. Is it just impractical? To be honest, it doesn't sound like you know anything about it, but I would certainly consider your answer.