goldfinger
- 19 Mar 2013 13:57
cynic
- 17 Nov 2014 13:36
- 2303 of 2763
the key number to watch on dow must be 17,600 - i'll see if that needs fine-tuning later
if it closes sharply through that level, then a true correction may well follow
======
meantime, QPP is moving very nicely in the right direction - due south
Shortie
- 17 Nov 2014 16:49
- 2304 of 2763
Cynic are you viewing 17600 as the short term Wall St pivotal point?
goldfinger
- 17 Nov 2014 17:02
- 2305 of 2763
Wouldnt say it was red lights on this bull market yet maybe amber. Having said that.....
Going to start adding a few shorts to the folio now. Gone short on BRBY this afternoon doesnt look like breakout is sustainable and they flog a lot of gear in Japan, so that cant help.
Best type of stocks are the PI punter favourites ones tipped in tip sheets where all the lemmings are following each other and the domino effect gives you a quick return.
Cockneys Den epic CR on advfn is a good place to start.
cynic
- 17 Nov 2014 18:09
- 2306 of 2763
if you mean what i think you mean, then yes
that said, the initial downside is only small at say 17525 or thereabouts, but then it starts to fall away rather more sharply ... or at least that's what i am told, for i shan't boast of prowess which i do not possess
would you disagree?
Fred1new
- 17 Nov 2014 18:13
- 2307 of 2763
Self realisation come late to some!
“Don't be satisfied with stories, how things have gone with others. Unfold your own myth.”
goldfinger
- 17 Nov 2014 18:32
- 2308 of 2763
Well there is an up trend channel (floor more or less runs with 200 day EMA) and SP looks to be banging on the ceiling. A movement to the base of the ceiling or SP drop fails at 25 day or 50 day EMA?????.
Very subjective.
MACD is well overbought.
goldfinger
- 17 Nov 2014 18:37
- 2309 of 2763
At the moment Id say we are on amber, but things can move very quickly down as you know.
Just hoping we have an xmas rally and then all bets off.
Anyway just sell a few stocks for a balanced folio.
cynic
- 17 Nov 2014 18:44
- 2310 of 2763
thanks for that chart :-)
skinny
- 17 Nov 2014 19:03
- 2311 of 2763
goldfinger
- 17 Nov 2014 19:10
- 2312 of 2763
SPX daily looks like its rolling over like the DOW. Just look at MACD.
cynic
- 19 Nov 2014 17:43
- 2318 of 2763
thanks for that one sticky old bean ..... i'll put it back on my watch list .... already hold CLLN
goldfinger
- 19 Nov 2014 17:45
- 2319 of 2763
Some beuts over last few days If I dont mind saying so myself ..............LOL.
cynic
- 19 Nov 2014 18:36
- 2320 of 2763
QPP has been very tasty for me :-)
goldfinger
- 20 Nov 2014 10:15
- 2321 of 2763
skinny
- 20 Nov 2014 15:51
- 2322 of 2763