Trading Houston 5

Discussion in 'Share Investing Strategies, Theories & Education' started by Tropo, 23rd Nov, 2008.

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  1. perky

    perky Well-Known Member

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    Gold got to around 1007 - you were right. Heavily sold off today , might take the profit on KCN and get out this morning me thinks.
     
    perky, 25th Feb, 2009
    #21
  2. Tropo

    Tropo Well-Known Member

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    Perky,

    There is nothing wrong (so far...) with KCN - (broke up 61.8% retracement level = good news).
    Watch $ 4.80, but it may go to $ 5.60 & $5.92 ... ;)
    Go with a trend as long as possible and trail your stop!!!!!!!!!

    Actually Men in Black are ‘shorting’ gold (current price = $ 962.30)
    Short/middle term cycle on gold (mid points): $905... $939...$984...$1010...$1030...$1069...$1102

    Happy Trading and keep $$$$miling :D
     
    Tropo, 25th Feb, 2009
    #22
  3. Tropo

    Tropo Well-Known Member

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    DOW

    I found below info somewhere in cyber space...

    “DOW low on June 27, 1932 was 42.93.
    DOW high on October 9, 2007 was 14164.53

    50% retracement between low 42.93 and high 14164.53 = 7103.73.

    DOW low on Feb 23, 2009 was 7106
    DOW effectively retraced 50% of the 77 years move."
     
    Tropo, 25th Feb, 2009
    #23
  4. Tropo

    Tropo Well-Known Member

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    O.K......So far so good....:p
    DOW broke down 6790/83...(closed at 6763).
    With a bit of ‘luck’ ;) and corporate support DOW may hit 6605/6598....6449/42....
    Possibly ?? trading range = 6760 ~ 7040 (approx.)
    Happy ‘shorting’! :D
     
    Tropo, 3rd Mar, 2009
    #24
  5. Tropo

    Tropo Well-Known Member

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    XJO weekly

    Current XJO weekly chart showing major retracement levels (0.382, 0.50, 0.618).
     

    Attached Files:

    Tropo, 5th May, 2009
    #25
  6. TwoDogs

    TwoDogs Well-Known Member

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    The chart challenged amongst us will be even more impressed by you with the jargon explained, in English please!
     
    TwoDogs, 6th May, 2009
    #26
  7. Tropo

    Tropo Well-Known Member

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    Tropo, 6th May, 2009
    #27
  8. TwoDogs

    TwoDogs Well-Known Member

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    Thanks for the link, educational, really. Oh and here is one for you !

    Jargon - Wikipedia, the free encyclopedia

    Picked the wrong site to learn something I guess :rolleyes:
     
    Last edited by a moderator: 6th May, 2009
    TwoDogs, 6th May, 2009
    #28
  9. Tropo

    Tropo Well-Known Member

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    If you consider yourself an investor and reading this and other sites you should be familiar with a basic terminology (incl. jargon) in this business. :rolleyes:
     
    Tropo, 6th May, 2009
    #29
  10. gazza

    gazza Well-Known Member

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    Rubbish Tropo. People also come to sites like this to learn from people like yourself who are experienced investors.
     
    gazza, 7th May, 2009
    #30
  11. Tropo

    Tropo Well-Known Member

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    Learning requires a bit of work and effort.
    It seems that some people are just too lazy to do a homework and try to find an answer to trivial problems by themselves.
     
    Tropo, 7th May, 2009
    #31
  12. Simon Hampel

    Simon Hampel Founder Staff Member

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    Don't forget that part of the problem when first starting is that you generally don't know what you don't know, so actually finding an answer may not be as easy as it is for someone with more experience in that area.
     
    Simon Hampel, 7th May, 2009
    #32
  13. Denis__

    Denis__ Well-Known Member

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    Tropo
    Back on Topic.
    Do you consider this a dead cat bounce or is it now full steam ahead with a few minor retracements along the way.
    Regards

    Denis
     
    Denis__, 7th May, 2009
    #33
  14. Tropo

    Tropo Well-Known Member

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    Sure ... but this apply to completely ‘green’ individuals – not to those with some degree of knowledge and experience.
     
    Tropo, 7th May, 2009
    #34
  15. Tropo

    Tropo Well-Known Member

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    Denis,
    I must admit that I am a bit surprised with a length of a current run, which is not sustainable IMHO but may continue for some time.
    Nothing goes up or down in straight lines, so how painful pull back may be is anybody’s guess.
    It is too early for any sensible conclusion about future market's movement right now.
    Big caution is required if you consider entering the market. Just make sure that you do have an exit strategy in place when music stops.
    Watch US market after stress test announcement on 7-th of May... :eek:
     
    Tropo, 7th May, 2009
    #35
  16. perky

    perky Well-Known Member

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    Well Mr Market has spoken - and he seems to be over the bad news.
    9% unemployment in the USA and the DOW goes up another 165 points. Monday should be a pretty good day.
     
    perky, 9th May, 2009
    #36
  17. Tropo

    Tropo Well-Known Member

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    DOW

    Levels for DOW: 6249, 6540, 7034, 8055, 8599, 9090/94, 9630, 10085...
     
    Tropo, 11th May, 2009
    #37
  18. Tropo

    Tropo Well-Known Member

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    DOW

    DOW = Important support at 8190.
     
    Tropo, 28th May, 2009
    #38
  19. bundy1964

    bundy1964 Well-Known Member

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    8600 is resistance and 9000 is the next barrier after that.
     
    bundy1964, 1st Jun, 2009
    #39
  20. Tropo

    Tropo Well-Known Member

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    I've got 9090/94 but 9000 is a psychological barrier not technical (IMHO).
     
    Tropo, 1st Jun, 2009
    #40
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