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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (78350)	8/23/2011 10:42:07 PM
From: Cogito Ergo Sum	Read Replies (1) \| Respond to of 217822

Marabuzo Learn something new many days here :O)

To: Hawkmoon who wrote (78350)	8/24/2011 3:02:54 AM
From: 2MAR$	Read Replies (1) \| Respond to of 217822

Alot of people asked me today where i thought Ag was going today and i told them what you told me , lol...to $40 ! Am good with tops n bottoms but in between sucks , just like to find those extreme set-ups that are setting up somewhere in the market's playground, that have high probabilty of working out (short/long)and always appearing if you search & wait . Still have the doubters going into the Fed and those drivers that could keep PM's kited up and think they;re prolly doing everything they can to prevent any more bad news like BAC blowing up getting out . The PM's & maket pretty much have traded inversely up till now and friday we saw them try to pull off a bargain hunters rally off 1120 that got shot down but reappeared today . There were alot of tails left on friday that got retaken today and then some ...i was seeing ,charting & noting those. the usual suspects that they tried to pop Friday they prolly acummulated ..desperate to "pretty up" portfolios after a dismal month...ones like AAPL & MA never really lost their 50mas the whole time . Today they popped the "usual suspects" first: AAPL +17 NFLX +14 AMZN +16 CMG +21 MA +16 GMCR +10 PCLN +30 HANS +5 IBM +5 BIDU +9 GOOG +20 Wynn +8 XOM +3.50 (a little overdone , the Bots were busy tues ) After parabolic $50 , Ag pretty much has respected rsi70 and lately held the 50rsi , pretty braindead tonight so perhaps we rattle around up & down but get that full pullbak to $40 later which would equal the 50rsi ? ...but one can trade with live charts and let things just unfold from here . If things bid up early i always look for two double tops in the am then short or the reverse on the dips . Dam it was real fun hitting that top at $44 and if have only 8trades like that a year, just two per Qtr , am happy ! <big grin> That july 25th $41.47 top and notice that's right where it bounced? Have seen this happen for months and traders all keying off the same pivots ...after thos drop though , one thing is traders will be alot more aware to not get too ahead of themselves , look at that last drop . Would look at that $40.88 july 18th top as another trade point ...then the 20ma @ $40. (you can see that the rsi50 was acting as resistance there for a long while too, real KISS stuff but friggen works for traders really aren't that bright , lol)