Homebuilders are next, they are gonna look like the Casino's. Stocks like NVR, RYL, BZH have no business being at the levels they are not now. By Thanksgiving IMHO they will be cut in half. I'll take some time tomorrow to yap more about it but now I gotta go to bed. Brandon
Sure did Bob! 06/03/02 07:10:20 <Brandon> 09:09:17 SELL SHORT ALERT : Nasdaq here <b> here being 1209.5 </b> 06/03/02 07:10:25 <Brandon> 09:09:22 Attention: stops above 1216 06/03/02 07:10:35 <Brandon> what we are looking at here is two fold 06/03/02 07:10:45 <Brandon> first of all the relative weakness the Nasdaq is showing vs the other major indexes 06/03/02 07:10:52 <Brandon> and second that the Semi's just made a new low 06/03/02 07:11:00 <Brandon> the semi's are the Nasdaq's dancing partner 06/03/02 07:11:05 <Brandon> and if they fall down 06/03/02 07:11:11 <Brandon> they will bring the Nasyack with it 06/03/02 07:11:18 <Brandon> the reaction to the numbers was very muted 06/03/02 07:11:22 <Brandon> even though they where good 06/03/02 07:11:28 <Brandon> if the market had really liked them 06/03/02 07:11:39 <Brandon> the GLOBEX highs where within easy distance to hit 06/03/02 07:11:56 <Brandon> so again its something on relationships 06/03/02 07:12:08 <Brandon> if you can key in on relationships 06/03/02 07:12:15 <Brandon> you will have a HUGE edge over 99%% of the market 06/03/02 07:12:32 <Brandon> what fills did you guys get on the Nasdaq? 06/03/02 07:14:06 <Brandon> let me show you guys the things I look at here 06/03/02 07:14:09 <Brandon> this is so important 06/03/02 07:14:29 <Brandon> and one of the problems I had last month was frankly keying in more on chart patterns than on relationships 06/03/02 07:14:41 <Brandon> and it made getting profits from the market like trying to squeeze water out of a rock 06/03/02 07:15:17 <Brandon> when we just scalp based upon key relationships 06/03/02 07:15:21 <Brandon> we tend to do very well 06/03/02 07:15:38 <Brandon> and 06/03/02 07:15:43 <Brandon> its something that very few people understand 06/03/02 07:15:48 <Brandon> and when they think they understand it 06/03/02 07:15:53 <Brandon> they are understanding it wrong 06/03/02 07:15:55 <Brandon> so its good for us 06/03/02 07:16:01 <Brandon> because we dont have a lot of competetion 06/03/02 07:16:06 <Brandon> and not a lot of incentive to hit us 06/03/02 07:16:15 <Brandon> but we are keying in on POWERFUL market forces 06/03/02 07:18:14 <Brandon> smashing pumpkins must be better luck than Rob Zombie 06/03/02 07:18:18 <Brandon> I will make a note of this 06/03/02 07:19:10 <Brandon> http://www.tradingfrommainstreet.com/img/dancing.gif 06/03/02 07:20:00 <Brandon> you guys got the chart up Brandon
I know, I know, I know..I'm not half as smart as the rest of you guys. ----------- 06/03/02 07:20:38 <Brandon> your success in the market will be defined by your ability to act upon information the crowd will, but is not yet, acting on 06/03/02 07:20:50 <Brandon> if you watch relationships you can get in a bit before them 06/03/02 07:20:55 <Brandon> and our scalps then work nicely 06/03/02 07:20:57 <Brandon> in this case 06/03/02 07:20:59 <Brandon> first of all 06/03/02 07:21:06 <Brandon> as I said when the construction numbers came out 06/03/02 07:21:21 <Brandon> the fact that the Nasdaq could not at the very least TEST the GLOBEX highs 06/03/02 07:21:24 <Brandon> that is foul 06/03/02 07:21:28 <Brandon> it should have you thinking 06/03/02 07:21:33 <Brandon> if this is so good 06/03/02 07:21:46 <Brandon> why cant we even break the globex highs which are only 12 points away? 06/03/02 07:21:53 <Brandon> thats not anything if they really like the numbers 06/03/02 07:21:57 <Brandon> something is going on here 06/03/02 07:22:14 <Brandon> then you could look at the Nasdaq and the Semi's during this time vs the SP and the DOW 06/03/02 07:22:22 <Brandon> and you saw MAJOR weakness on a relative basis 06/03/02 07:22:40 <Brandon> if this is all so grand, why is it not moving like the others? 06/03/02 07:22:41 <Brandon> hmmmm 06/03/02 07:22:45 <Brandon> then 06/03/02 07:22:50 <Brandon> right after this TICK spike 06/03/02 07:22:56 <Brandon> as soon as that initial flury was over 06/03/02 07:23:06 <Brandon> the Semi's started breaking to a new low 06/03/02 07:23:23 <Brandon> it was like some drug addict who has been awake for 3 days on speed 06/03/02 07:23:29 <Brandon> as soon as the speed is done it will crash 06/03/02 07:23:33 <Brandon> thats how the market was 06/03/02 07:23:36 <Brandon> the TICK gave it some speed 06/03/02 07:23:42 <Brandon> but as soon as that flury was gone 06/03/02 07:23:45 <Brandon> out go the lights 06/03/02 07:24:23 <Brandon> does that make sense? 06/03/02 07:24:45 <Brandon> the easy money is out of the market for awhile 06/03/02 07:24:50 <Brandon> so im gonna go grab some breakfast Brandon
[07:49] <Brandon> we have a few oops buyus [07:49] <Brandon> XLNX, MRVL, PLCM [07:49] <Brandon> XLNX above 31.05 [07:50] <Brandon> MRVL above 27.60 [07:50] <Brandon> PLCM above 17.35 [07:50] <Brandon> XLNX and PLCM are, I think, the best of the two [07:52] <Brandon> remember that if any of these gap at the open above the trigger then it will NOT be a valid setup Brandon
I agree Brandon....... It is possible to make money realtime........ We had some good work on Swing trades & daytrades in our chatroom, for example..........( rather than posting the chat I have some links that make it easier to see & read) http://www.stocktrendwizard.com/idph603.htm < setup & I updated it lastnight also on the site.......... And from today for that stock.......... <Chris_Terry> 11:39:17 IDPH from website traded 2 more pts today for 4 pts from yesterday setup.........target for daily stilll @ 35.00-36.00 gap close......swing traders, this is a good spot to take profits from as its coming into a support zone now Another was AMR http://www.stocktrendwizard.com/id608.htm has moved $1.00 so far..........as of 12:42est Tues....... We had some good daytrades IBM Semis SP500 ect.....but took MERQ for a play of the day example....... http://www.stocktrendwizard.com/603potd.htm has pic of actual chat & chart of what we did............ Today I spent most of the day so far staying out of trouble, expected sideways market & we are gettng just that........so far.....but still in downtrend & should see lower prices So yea........I agree !! you could make money realtime !! Wiz
Charts looked good especially ;relationships between indexes,AMR downtrend , targets . All gave some, some gave all.
I did not get much of a chance to scan tonight. At about 6pm I learned that one of my good friends from high school had been killed late last night. He was 25 and had just gotten married, its unfortunate that sometimes it takes something terrible to remind you of how luck you are to have what you do, and to remember the things that are truely important in life. Its hard to face the fact that you are not immortal, especially when you are young, but please take the time to tell those people you care about that you do care. And try not to be overwhelmed by the little things in life too. Brandon