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25
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From Unersaettlich:
Burned Bear (BB) has been posting some interesting charts similar to stuff I was playing with as part of my eternal quest for the Mystical Magical Mindless Money Machine, the chart that cranks out gobs of money for even someone just barely able to switch ETFs when a line changes direction or crosses another line. Surely the Amazing Answer Automaton lurks just beyond the next exponentially smoothed stochastic oscillator. BB may have a shorter time horizon than people who have a life and thus are not reading this as it is posted near midnight on Christmas Eve. Even we geezers who are even more obsessed than BB happen to be bound to a three-day settlement period for cash retirement accounts. Still, many techniques are adaptable for varying time horizons, so here is a free live chart that may or may not be of use in some above context:
http://www.freestockcharts.com?emailChartID=91ac4aa2-830b-40a4-9dd5-3f3bf8b7245f
Static image of similar chart:
I chart the levered ETFs because the indicators seem to produce the same signals as unlevered stuff, but nothing would prevent using, say, IYR in the above chart.
Hey Uner,
Thanks for your referral. The main reason why I am looking in a very short term is mainly my investment strategy. I am playing small amounts of cash (about $2K each trade) and usually naked ITM Options (sometimes I use debit spreads to minimise my risks) expiring in the current month. So very aggressive, however with small cash I minimise my risk.
However because my trades are based a lot on Fibonacci levels, usually I have very reliable parameters that I use to evaluate my position. I mean, I am able to know in a short term if I am right or wrong in the trade.
Anyway, my trade behaviour has one date to finish, next week. I had to quit my former job due some personal issues and I will start a new one in the 1st week of January/2010. Probably I will have not enough time to check/study the market during trading hours and you will find that my posts will decrease a lot.
Anyway, I learned a lot from folks like you using this great board. I hope that I will have time to contribute again on regular basis on 2010
Take care
Americo (BB)
December 25th, 2009 at 9:30 pm
Gonna miss you BB. Hope you find time to check in here. I like your neither bear/bull bias. Best of luck tho’ with the new job !
December 26th, 2009 at 7:34 pm
Thank you Valerie. I will try to post any useful information if I have any time available. Anyway, I guess that probably I will be too busy during normal trading hours. So probably you will find it later at night.
December 27th, 2009 at 12:48 am
Agreed, BB…I’ve enjoyed your postings too–wish you the very best of success until you can post regularly again!
December 27th, 2009 at 11:30 pm
All the best BB…hope to see you back here.
Uner,
I think that you also enjoy the free service from freestockcharts. Some hints that might be usefull for its usage:
- Use Mozilla browser and install the “Adblock Plus” plugin. It will remove those annoying ads. It is valid for stocktock site as well. I mean for almost every site it is able to remove those garbagge.
- Also Mozilla has a plugin called “reloadevery”. It is very usefull for sites like Stockcharts so you don’t have to reload pages every time when you are using it (like intra-day data). It is much better that the auto-refresh feature that they provide
BB
December 26th, 2009 at 11:21 pm
thank you BB for the plug in tip very helpful
Take a look at social. Spammers started to post garbage again
December 26th, 2009 at 3:25 am
Thanks — those spammers will soon be gone.
Thanks also for your many helpful contributions. I had been thinking about switching more work from stockcharts.com to freestockcharts.com because of additional features, but that also works the other way, so I’ll probably continue using both.
Mozilla and Google Chrome compared to MSFT’s Internet Exploder are definitely further examples of why MSFT is the company we love to hate. Open Office is also better than MS-Office in some ways (it’s free, for one thing, and the spell checker works in German without having to pay to download a module).
However, plenty of announcements of MSFT’s impending demise have been premature over the past couple of decades and more, and they do have some big plans brewing. I am not placing bets on software stocks now — or ever on ANY single stock(s), preferring to stick to ETFs as a way of eliminating analysis of fundamentals, always unknown until too late for us small fry to use them.
Spammers on Social have again been stuffed head first into the Bit Bucket and drowned ignominiously there. One was using the same photo as when zapped under another name yesterday.
from 11-06-09
“SMSI was one I mentioned yesterday as having an very ugly drop on their slightly disappointing e/r. I think that huge drop was overdone ALOT, and much should have already been baked in over the last month already pre-e/r. This stock has been very good to me in the past. Had a steady rise all day today on good volume. I bought a bit today at 7.25, maybe add more later.”
I tripled position at $6.55 for an average of $6.78. Now filled the gap and continued on to close slightly above the 200 MA. Sold all Thurs at $9.34, for gain of 38% or $7,665.15. Waiting now for possible re-entry.
11-10-09 bouight JASO at $4.11 per my post that day. Sold all Tues at $6.02 for gain of 46% or $9540.10.
Bought MSTR at the 50MA (still holding), LNN on recent e/r (sold Thurs), and skimmed very nicely from Chinese CAAS CAGC and FUQI on their bounces last couple days. CSKI has had a nice run recently, though I didn’t participate. Reluctant now to hold too many longs (or shorts for that matter) without a better sense of market direction, which we should soon see.
Itching to re-enter gold miners soon, but continue to wait out the “silly season” as Adam referred to it.. Of course the real gold I continue to hold.
Only short I am still holding is HAR. Trading very tight last couple weeks and of course BB’s are tight also. Still counting on downside break here. Also still watching and adding to my short stalk list.
Fundamentals (telling what to buy/sell/short) combined with technicals (telling when to buy/sell/short) is very powerful, while one without the other, is mediocre at best. Too bad most or all tockers here only rely only on technicals and then usually only for index/sector trades and daytrades.
GLTA for the New Year and hope all have had a Very Merry Holiday thus far. May we also all have had great learning experiences from 2009 and prosper from those experiences in 2010. Thank to all those contributors/moderators and best wishes to all fellow tockers! * Except of course those who would spam or use this site for other nefarious purposes.
December 26th, 2009 at 6:22 pm
“Thank to all those contributors/moderators and best wishes to all fellow tockers!”
Yoo are qvite velkomm. Frohe Weihnachten undt ein Frohes Neues Jahr too yoo too.
” * Except of course those who would spam or use this site for other nefarious purposes.”
Doo nodt vorry — Ve haff vays uff deelingk mit deezen Schweinehunden heh heh heh.
Hi Uner,
Something that probably you will enjoy, playing with it. I know that we have the same background (maths and related area).
The site is sponsored by the Open Source community. You define your own formulas and a robot simulates the trade based on your criteria. Also the community post their own formulas, free for usage. Quite awesome!!!!
TA library – http://ta-lib.org/index.html
Robot – http://www.tradery.com/
Tool – qtstalker – Metastock clone
http://qtstalker.sourceforge.net/
Enjoy
Americo (BB)
Burned Bear,
Thanks. Those were good links above
Meanwhile on Social, another spammer (actually just another head of the same monster that has been trying to gobble up StockTock since before Thanksgiving) got zapped, along with accompanying excreta.
Playing with Fibonacci structures:
I have to stocks to watch, both for short:
MU
- Oversold on daily basis
- PPO hourly is oversold
- recently reached higher highs
- it is forming a nice Fibonacci structure. W3 already reached 261.8%, what is very overextended
http://www.freestockcharts.com?emailChartID=8219c473-c559-4c2b-8dc6-76a2840eef46
MRVL
- Oversold on daily basis
- PPO hourly is NOT OVERSOLD YET
- recently reached higher highs
- it is forming a nice Fibonacci structure. W3 is almost reaching 261.8%, what is very overextended
- I expect a further rise to finish the structure (PPO hourly will become oversold) and then it might drop
http://www.freestockcharts.com?emailChartID=a53c0287-10a5-4610-a682-7630c858f455
December 27th, 2009 at 6:34 pm
..Instead of “oversold” please read “overbought”
Congress finally makes a smart move with gold reserves ! Very Funny
http://wallstcheatsheet.com/breaking-news/satire/us-to-trade-gold-reserves-for-cash-through-cash4gold-com/?p=4684/
With Timmy’s announcement Christmas Eve to back Fannie and Freddie till 2012 no matter what should give us a clear indication where they think the housing market is headed.
They were hoping traders would forget by Monday but futures are solidly red