LOOK AT THIS CHART - all you predicting mofos, what will SPY do next?

Discussion in 'Trading' started by 1a2b3cppp, Mar 10, 2011.

What's it gonna do?

  1. It's gonna go down

    30 vote(s)
    35.3%
  2. It's gonna go up

    32 vote(s)
    37.6%
  3. I'm not an ET guru and I can't predict price direction. Sorry, I'm not selling a trading course via

    23 vote(s)
    27.1%
  1. shows up in mine for some strange reason..... Idiots at CNBC cant even make shit embed right..

    3:45
    http://www.cnbc.com/id/15840232?video=3000009977&play=1



    Then heres Cramer telling the Fed to SELL oil futures short to stop speculation...... Do i even need to say anymore..... No speculation going on the thousands of shit stocks he pumps everyday....

    http://www.cnbc.com/id/41958428/Cramer_Post_Gaddafi_Dow_to_Rally_1_000_Points
     
    #31     Mar 12, 2011
  2. Nine_Ender

    Nine_Ender

    What's the point on focussing on indexes right now ? Everythings sector related you should be looking at what sectors are strong/weak or overbought/oversold and trade accordingly.
    In fact, this coming week these conditions could change daily due to option expiry.

    Two things I don't understand right now are Gold stocks and the VIX. Seems somethings got to give in these areas. I suspect there will be some serious money changing hands in the metal area this week, I can't predict direction so I'm on both sides. I suspect any move will be obvious and there will be a 24 hour window to make money on it.
     
    #32     Mar 13, 2011
  3. I don't know if the market is going lower right now, but if it does it will create some great buying opportunities.

    Buy S&P at 1220 area and ride the bounce to 1257 is the one that leaps out to me. Thats a high probability trade.
     
    #33     Mar 13, 2011
  4. going down whoa
     
    #34     Mar 14, 2011
  5. buy the dips, sell the rallies...
     
    #35     Mar 14, 2011
  6. Can you post your analysis or reasons for why you think this will happen?
     
    #36     Mar 14, 2011
  7. Do you do that by feel or do you have specific buy and sell points that you use?
     
    #37     Mar 14, 2011
  8. kburr

    kburr

    Based on the overall action of the market I would think it goes lower...
     
    #38     Mar 14, 2011
  9. another doji
     
    #39     Mar 14, 2011
  10. ET70424

    ET70424

    You mean something like this?
    SYMBOL, DATE, PRICE, FORECAST, PERCENT
    SPY, 20110311, 131.0000, 1.8785, 1.4
    SPY, 20110310, 130.1900, 1.5644, 1.2
    SPY, 20110309, 132.0200, 0.8930, 0.7
    SPY, 20110308, 132.4900, 1.4823, 1.1
    SPY, 20110307, 131.5000, 0.4507, 0.3
    SPY, 20110304, 132.3900, -0.5522, -0.4
    SPY, 20110303, 133.5200, 0.5601, 0.4
    SPY, 20110302, 131.1700, 1.3620, 1.0
    SPY, 20110301, 130.4700, 0.9654, 0.7
    SPY, 20110228, 133.3700, -0.5928, -0.4
    SPY, 20110225, 132.2800, 0.5525, 0.4
    SPY, 20110224, 131.0600, 3.2253, 2.5
    SPY, 20110223, 131.1900, 2.6652, 2.0
    (Note: you wait for extreme readings to go long/short)

    For not just SPY, but 15,000 other stocks?
    Yes, I know the source, if anyone interested.
     
    #40     Mar 14, 2011