A Stock Market Crash is coming!

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 6 years ago '08        #301
o7media 47 heat pts47 OP
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$30,223 | Props total: 8642 8642
 Supa Mario 910 said:
Cool, I'll give you 35% of mine, if I can get 10% of yours.



























 6 years ago '05        #302
kkkid 177 heat pts177
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$3,711 | Props total: 749 749

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im taking 25% of what you foos make.
 6 years ago '10        #303
Ambassador 444 heat pts444
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 o7media said:
By the way, since I started this thread has anyone shorted Gold or went long the USD by buying up UUP or something similar?

I've been right so far about what's happening, and I still believe Gold is going much much lower and the USD is going to be the safe haven.

30 day gold chart... this sh*t fell off a cliff:


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...

And the UUP (Bull USD etf) is making 52 week highs, climbing pretty much every day


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....

I personally haven't bought any LEAPS yet, I'm still waiting on the markets to break its daily wedge. But I hope some of you guys capitalized on the Gold short/USD long trade over the past few weeks. Or at least sold your Gold before it dropped.

I probably had the longest debate about the dollar vs gold.

In the open market, gold may not be worth much but everyone talking about the world ending and how gold will be the most valuable currency (commodity) whatever the fu*k you wanna call it.

I'm gonna go get drunk, now.
 6 years ago '08        #304
o7media 47 heat pts47 OP
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 kkkid said:

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im taking 25% of what you foos make.



 iNsane said:
I probably had the longest debate about the dollar vs gold.

In the open market, gold may not be worth much but everyone talking about the world ending and how gold will be the most valuable currency (commodity) whatever the fu*k you wanna call it.

I'm gonna go get drunk, now.
Everyone says the Dollar is just a piece of paper...well Gold is just a piece of metal. Anyone can make arguments as to why one will be the true safe haven.

But they do have correlations and history proves that commodities aren't safe. If the sh*t hits the fan then Gold, Silver, and Oil will get crushed badly.
 6 years ago '08        #305
o7media 47 heat pts47 OP
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In FSLR 30x December puts at .27 out at .75 +177.8%
In BHI 45x December puts at .38 out at .51 +34.2%
In ORCL 30x December puts at .49 out at .91 +85.7%

Currently holding AA 9x December puts at .18


[pic - click to view]




First 2 hours of trading ...
 6 years ago '04        #306
Adwerdz 319 heat pts319
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 o7media said:
In FSLR 30x December puts at .27 out at .75 +177.8%
In BHI 45x December puts at .38 out at .51 +34.2%
In ORCL 30x December puts at .49 out at .91 +85.7%

Currently holding AA 9x December puts at .18


[pic - click to view]




First 2 hours of trading ...
hey bro, how did you start off gaining knowledge of the stock market?? and what's the best way to go about it??
 6 years ago '08        #307
o7media 47 heat pts47 OP
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 Adwerdz said:
hey bro, how did you start off gaining knowledge of the stock market?? and what's the best way to go about it??
Read up, learn technical analysis.

Start at
 6 years ago '07        #308
MOTTAFOOKAH 4 heat pts
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 o7media said:




Everyone says the Dollar is just a piece of paper...well Gold is just a piece of metal. Anyone can make arguments as to why one will be the true safe haven.

But they do have correlations and history proves that commodities aren't safe. If the sh*t hits the fan then Gold, Silver, and Oil will get crushed badly.
True; but metal also has intrinsic value, paper does not.. It is just paper... Look up all the uses for gold and silver..
 6 years ago '08        #309
o7media 47 heat pts47 OP
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 o7media said:
Currently holding AA 9x December puts at .18
Decided to hold my AA December 9x puts overnight. Looking pretty bearish. Closed below nice support, hopefully it can go for the 8.45 52 week low tomorrow.

In at .18 on the puts, finished at .26. Up 44% on them, so I have a little safety net for tomorrow in case I'm wrong.
 6 years ago '08        #310
o7media 47 heat pts47 OP
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 MOTTAFOOKAH said:
True; but metal also has intrinsic value, paper does not.. It is just paper... Look up all the uses for gold and silver..
That's true, metals are resources.

Metals will always have a value ..they're not going to go to $0. But they can still be over valued.
 6 years ago '10        #311
Ambassador 444 heat pts444
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Any thoughts on $XOM technical wise?

Would this pull back on the 200 be a buy signal?
 6 years ago '08        #312
o7media 47 heat pts47 OP
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 iNsane said:
Any thoughts on $XOM technical wise?

Would this pull back on the 200 be a buy signal?
Really depends on the markets and oil. I'm personally very bearish on both so...

But, yes the 200 ma will be support. There's also a potential double top.

Keep your eye on the RSI, if it closes below 50 then it's probably not a good buy.
 6 years ago '10        #313
Ambassador 444 heat pts444
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 o7media said:
Really depends on the markets and oil. I'm personally very bearish on both so...

But, yes the 200 ma will be support. There's also a potential double top.

Keep your eye on the RSI, if it closes below 50 then it's probably not a good buy.
Why 50? I know above 70 is overbought and below 30 oversold...
 6 years ago '08        #314
o7media 47 heat pts47 OP
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 iNsane said:
Why 50? I know above 70 is overbought and below 30 oversold...
Well for one, 50 is the midway point.

But, it's also where RSI has support on XOM...

Yesterday RSI hit 51, on October 2nd it hit 52 ...so there's support above 50. RSI is a strength indicator, so if you see it crossing 50 it's giving the bears the upper hand.
 6 years ago '10        #315
Ambassador 444 heat pts444
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 o7media said:
Well for one, 50 is the midway point.

But, it's also where RSI has support on XOM...

Yesterday RSI hit 51, on October 2nd it hit 52 ...so there's support above 50. RSI is a strength indicator, so if you see it crossing 50 it's giving the bears the upper hand.
October? But yeah, nice a friend of mine was asking and I immediately said bullsh*t for the simple fact it closed above 200 MA yesterday and was green today
 6 years ago '08        #316
o7media 47 heat pts47 OP
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 iNsane said:
October? But yeah, nice a friend of mine was asking and I immediately said bullsh*t for the simple fact it closed above 200 MA yesterday and was green today
I meant October 7th, not 2nd. Markets weren't even open on the 2nd lol
 6 years ago '10        #317
Ambassador 444 heat pts444
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I hope my lines are correct


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The candle on Dec 13th got me thinking that could be the second top. Your thoughts?
 6 years ago '08        #318
o7media 47 heat pts47 OP
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^^ Yeah you got the resistance right. There's more support along the way though.
 6 years ago '06        #319
simplyAmazin 2 heat pts
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media, what's ur diagnosis on bac, will it go under 5 next week? Jan puts with $5 strikes are at .27 right now...
 6 years ago '10        #320
Ambassador 444 heat pts444
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 o7media said:
^^ Yeah you got the resistance right. There's more support along the way though.
Yeah I know that but I was trying to make the dip on Nov 25th is neckline. If that is the neckline, wouldn't it need to break that support to complete the double top pattern? Only if it fails to break the upper trend line of course
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