Stock market Thread II--Technical Analysis - Page 5 - BMW 3-Series (E90 E92) Forum

Inspired · 08-24-2011, 08:02 PM

Quote:

Originally Posted by Vanity

Good thing I didn't jump into AAPL when it hit $356 this monday.

My guess is Bernanke has no choice but to initiate QE3 now? Thoughts, Mact?

landau88 · 08-24-2011, 09:57 PM

Young finance professional here (not in sales & trading). Going to start following this thread. OP, can you start posting your returns? maybe weekly or mtd or something?

ES_TRADER · 08-25-2011, 09:22 AM

gap filled on ES to satisfy the bulls..sold off

Vanity · 08-28-2011, 12:45 AM

Is the market due for another int bottom soon, or is it on it's short-term rally back for a few more days?

mact3333 · 08-28-2011, 11:55 PM

odds favor IT bottom already hit...we chop higher now for a month.

stylinexpat · 08-29-2011, 03:29 AM

End of the month window dressing should mean we head up. Asian markets did quite well today so I reckon we follow on Monday when the DOW opens up.

mact3333 · 08-29-2011, 11:50 AM

we made a IT bottm because TRIN touched 5.5 two wks ago...we were very oversold and need to release this pressure before selling resumes...think longs good for awhile...think this thread caught the bottom within a day...

.

Vanity · 08-29-2011, 03:13 PM

The markets were up quite a bit today. Any suspected sell-offs tomorrow to protect profits?

mact3333 · 08-29-2011, 11:17 PM

you will not make money trading for short term...what happens tomorrow should be irrelevent...what happens over the next month is important...if you trade day to day odds high you will lose money...it is these people who the pro's feed off of...get the IT and LT trend right to make money...trend will be up for awhile.

mact3333 · 08-30-2011, 09:31 PM

seeing some selling coming up for very short term.

stylinexpat · 08-31-2011, 02:22 AM

I still love MCP after it sells off. Has managed to bounce back every single time. For those that love to trade, keep an eye on MCP. RIMM is back in Bullish mode again.

mact3333 · 08-31-2011, 09:06 AM

Quote:

Originally Posted by stylinexpat

I still love MCP after it sells off. Has managed to bounce back every single time. For those that love to trade, keep an eye on MCP. RIMM is back in Bullish mode again.

Hmm...wanted to add to long positions(TNA, TYH) during slight selloff but it didnt happen...I am long REE, MCP's little brother since 7.5.

mact3333 · 08-31-2011, 01:58 PM

haha...I was wondering why charts said selloff and we didnt get one this am...here it comes just as planned...

...this will be very short term selloff...then rally time for abit longer...

.

stylinexpat · 09-01-2011, 02:05 AM

More gains tomorrow.

ES_TRADER · 09-01-2011, 10:01 AM

shit man u see that ISM bar,...fuckers just faded it

mact3333 · 09-01-2011, 01:04 PM

Quote:

Originally Posted by stylinexpat

End of the month window dressing should mean we head up. Asian markets did quite well today so I reckon we follow on Monday when the DOW opens up.

One would think huh?...but delta charts dont lie...hope people are making use of the calls on ST and IT basis....did anyone buy AGQ at 160 level?.

I have no idea what employment numbers will be tomorrow but charts say the mkts will interpret it as being bad, as I see some more selling over ST basis...but good time to add to longs imho.

ES_TRADER · 09-01-2011, 01:30 PM

Quote:

Originally Posted by mact3333

One would think huh?...but delta charts dont lie...hope people are making use of the calls on ST and IT basis....did anyone buy AGQ at 160 level?.

I have no idea what employment numbers will be tomorrow but charts say the mkts will interpret it as being bad, as I see some more selling over ST basis...but good time to add to longs imho.

1180 gap...if the bulls fail to keep it open for a weeks, we'll most certainly rotate lower...thats all i have to say

mact3333 · 09-02-2011, 08:58 AM

peeling off 1/2 my SPY puts for 70% profit in 3 days...peeling off half my AGQ for decent profit there too...called for downturn 3 days ago...charts said we go down doesnt matter the reason.

Offset and protected longs with these shorts was the strategy during this selloff.

M3Bahn · 09-02-2011, 09:35 AM

Hey Mac put this in your chart maker app.

Massive Wave Of Lawsuits To Be Filed By The US Against America's Biggest Banks As Soon As Tomorrow

In a move that could either send BAC stock limit down overnight or send it soaring (we are still trying to figure out just what is going on here), the NYT has broken major news that the US is preparing to go nuclear on more than a dozen big banks among which Bank of America, JPMorgan Chase, Goldman Sachs and Deutsche Bank, in an attempt for Fannie and Freddie to recoup $30 billion if not much more. The lawsuit is expected to hit the docket in the next few days: "The suits stem from subpoenas the finance agency issued to banks a year ago. If the case is not filed Friday, they said, it will come Tuesday, shortly before a deadline expires for the housing agency to file claims." Now, taken at face value, this would mean that Bank of America can kiss its ass goodbye as unlike the Walnut Place litigation, this will take place in Federal Court where Article 77 is not applicable. Yet there is something that gives us pause: namely logic, captured by the following words: "While I believe that F.H.F.A. is acting responsibly in its role as conservator, I am afraid that we risk pushing these guys off of a cliff and we’re going to have to bail out the banks again,” said Tim Rood, who worked at Fannie Mae until 2006 and is now a partner at the Collingwood Group, which advises banks and servicers on housing-related issues." In other words: if the banks are sued, and if justice prevails, the end of the world is nigh and cue TARP 2 - XXX. Now where have we heard that argument over, and over, and over before.

http://www.zerohedge.com/news/massiv...omorrow?page=1

ES_TRADER · 09-02-2011, 10:10 AM

as i said yesterday, downside gap @ 1180 closed...but closed with another gap

mact3333 · 09-02-2011, 10:47 AM

adding abit to long positions now slowly.

Vanity · 09-02-2011, 01:30 PM

Now might be the time to invest in FAS

08-28-2011, 12:45 AM	#92
Vanity Private First Class Drives: BMW E90 LCI Join Date: Feb 2010 Location: BC, Canada Posts: 109 iTrader: (0)	Is the market due for another int bottom soon, or is it on it's short-term rally back for a few more days? __________________

08-29-2011, 11:50 AM	#95
mact3333 Lieutenant Drives: e90 335D Join Date: Mar 2011 Location: Pacific NW Posts: 590 iTrader: (1)	we made a IT bottm because TRIN touched 5.5 two wks ago...we were very oversold and need to release this pressure before selling resumes...think longs good for awhile...think this thread caught the bottom within a day....

08-29-2011, 03:13 PM	#96
Vanity Private First Class Drives: BMW E90 LCI Join Date: Feb 2010 Location: BC, Canada Posts: 109 iTrader: (0)	The markets were up quite a bit today. Any suspected sell-offs tomorrow to protect profits? __________________

08-31-2011, 01:58 PM	#101
mact3333 Lieutenant Drives: e90 335D Join Date: Mar 2011 Location: Pacific NW Posts: 590 iTrader: (1)	haha...I was wondering why charts said selloff and we didnt get one this am...here it comes just as planned......this will be very short term selloff...then rally time for abit longer....

09-02-2011, 09:35 AM	#107
M3Bahn Lieutenant Drives: M3 Join Date: Mar 2011 Location: ATL Posts: 487 iTrader: (0)	Hey Mac put this in your chart maker app. Massive Wave Of Lawsuits To Be Filed By The US Against America's Biggest Banks As Soon As Tomorrow In a move that could either send BAC stock limit down overnight or send it soaring (we are still trying to figure out just what is going on here), the NYT has broken major news that the US is preparing to go nuclear on more than a dozen big banks among which Bank of America, JPMorgan Chase, Goldman Sachs and Deutsche Bank, in an attempt for Fannie and Freddie to recoup $30 billion if not much more. The lawsuit is expected to hit the docket in the next few days: "The suits stem from subpoenas the finance agency issued to banks a year ago. If the case is not filed Friday, they said, it will come Tuesday, shortly before a deadline expires for the housing agency to file claims." Now, taken at face value, this would mean that Bank of America can kiss its ass goodbye as unlike the Walnut Place litigation, this will take place in Federal Court where Article 77 is not applicable. Yet there is something that gives us pause: namely logic, captured by the following words: "While I believe that F.H.F.A. is acting responsibly in its role as conservator, I am afraid that we risk pushing these guys off of a cliff and we’re going to have to bail out the banks again,” said Tim Rood, who worked at Fannie Mae until 2006 and is now a partner at the Collingwood Group, which advises banks and servicers on housing-related issues." In other words: if the banks are sued, and if justice prevails, the end of the world is nigh and cue TARP 2 - XXX. Now where have we heard that argument over, and over, and over before. http://www.zerohedge.com/news/massiv...omorrow?page=1 __________________ The journey is the reward.

08-24-2011, 09:57 PM	#90
landau88 First Lieutenant Drives: 2007 335xi Join Date: Feb 2011 Location: Philadelphia Posts: 303 iTrader: (0)	Young finance professional here (not in sales & trading). Going to start following this thread. OP, can you start posting your returns? maybe weekly or mtd or something?

08-25-2011, 09:22 AM	#91
ES_TRADER Colonel Drives: 328i, 335i, M3, 535i, X5, 36M Join Date: Oct 2010 Location: OC Posts: 2,377 iTrader: (3) Garage List 2012 328i E92 [5.00] 2013 X5 [0.00] 2013 335i F30 [0.00] 1990 Toyota Previa [0.00] 1997 E36 M3 [5.00] 2011 E92 M3 [0.00] 2011 535i [0.00]	gap filled on ES to satisfy the bulls..sold off

08-28-2011, 11:55 PM	#93
mact3333 Lieutenant Drives: e90 335D Join Date: Mar 2011 Location: Pacific NW Posts: 590 iTrader: (1)	odds favor IT bottom already hit...we chop higher now for a month.

08-29-2011, 03:29 AM	#94
stylinexpat Captain Drives: Join Date: Aug 2008 Posts: 768 iTrader: (0)	End of the month window dressing should mean we head up. Asian markets did quite well today so I reckon we follow on Monday when the DOW opens up.

08-29-2011, 11:17 PM	#97
mact3333 Lieutenant Drives: e90 335D Join Date: Mar 2011 Location: Pacific NW Posts: 590 iTrader: (1)	you will not make money trading for short term...what happens tomorrow should be irrelevent...what happens over the next month is important...if you trade day to day odds high you will lose money...it is these people who the pro's feed off of...get the IT and LT trend right to make money...trend will be up for awhile.

08-30-2011, 09:31 PM	#98
mact3333 Lieutenant Drives: e90 335D Join Date: Mar 2011 Location: Pacific NW Posts: 590 iTrader: (1)	seeing some selling coming up for very short term.

08-31-2011, 02:22 AM	#99
stylinexpat Captain Drives: Join Date: Aug 2008 Posts: 768 iTrader: (0)	I still love MCP after it sells off. Has managed to bounce back every single time. For those that love to trade, keep an eye on MCP. RIMM is back in Bullish mode again.

09-01-2011, 02:05 AM	#102
stylinexpat Captain Drives: Join Date: Aug 2008 Posts: 768 iTrader: (0)	More gains tomorrow.

09-01-2011, 10:01 AM	#103
ES_TRADER Colonel Drives: 328i, 335i, M3, 535i, X5, 36M Join Date: Oct 2010 Location: OC Posts: 2,377 iTrader: (3) Garage List 2012 328i E92 [5.00] 2013 X5 [0.00] 2013 335i F30 [0.00] 1990 Toyota Previa [0.00] 1997 E36 M3 [5.00] 2011 E92 M3 [0.00] 2011 535i [0.00]	shit man u see that ISM bar,...fuckers just faded it

09-02-2011, 08:58 AM	#106
mact3333 Lieutenant Drives: e90 335D Join Date: Mar 2011 Location: Pacific NW Posts: 590 iTrader: (1)	peeling off 1/2 my SPY puts for 70% profit in 3 days...peeling off half my AGQ for decent profit there too...called for downturn 3 days ago...charts said we go down doesnt matter the reason. Offset and protected longs with these shorts was the strategy during this selloff.

09-02-2011, 10:10 AM	#108
ES_TRADER Colonel Drives: 328i, 335i, M3, 535i, X5, 36M Join Date: Oct 2010 Location: OC Posts: 2,377 iTrader: (3) Garage List 2012 328i E92 [5.00] 2013 X5 [0.00] 2013 335i F30 [0.00] 1990 Toyota Previa [0.00] 1997 E36 M3 [5.00] 2011 E92 M3 [0.00] 2011 535i [0.00]	as i said yesterday, downside gap @ 1180 closed...but closed with another gap

09-02-2011, 10:47 AM	#109
mact3333 Lieutenant Drives: e90 335D Join Date: Mar 2011 Location: Pacific NW Posts: 590 iTrader: (1)	adding abit to long positions now slowly.

09-02-2011, 01:30 PM	#110
Vanity Private First Class Drives: BMW E90 LCI Join Date: Feb 2010 Location: BC, Canada Posts: 109 iTrader: (0)	Now might be the time to invest in FAS __________________

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