All Things Stock Market Thread

most viewed right now
 106
NBA Draymond Green On Cavs: "I Want To Destroy Them."
67 comments
@sports
most viewed right now
 70
Image(s) inside This pic... internet is brutal
112 comments
@wild'ish
most viewed right now
 66
NBA MJ scored same amount of playoff points as LBJ in 33 less games
61 comments
@sports
most viewed right now
 59
Image(s) inside May 24 - $500 million worth of opium poppy plants found growing in nor..
37 comments
@news

section   (0 bx goons and 1 bystanders) Share this on Twitter   Share this on Facebook
 

 5 years ago '08        #741
o7media 41 heat pts41
space
avatar space
space
$28,206 | Props total: 6331 6331
 o7media said:
I think we've pretty much hit the lows for the week. Max downside I'm seeing is to 1332 for the week, and we already fell to 1336 today. But, if we don't bounce back by Friday then I'll be looking at grabbing some SPY puts for a move back down to 1300.
 iNsane said:
Expecting more downside tomorrow. I thought eod rally was short covering.

Oh and btw, we've hit max downside for the week. Hit a low of 1333.25 today, just above that 1332 support.

We should go to test 1352 by tomorrow or Friday (135 - 135.20 SPY area).

fu*k your Elliot Wave


















 5 years ago '10        #742
Ambassador 444 heat pts444
space
space
space
$18,650 | Props total: 2 2



[pic - click to view]



This is his forecast for $SPX. Just updated it tonight.

This is a 30 minute time frame from what I know. Just so you understand, what happens on a smaller time frame dictates what will happen to a larger degree time frame, and so forth. So, when this 5 wave is complete, it will complete a move that's currently playing out on a larger time frame. It can be confusing, I know

I don't know. We shall see how it plays out


Last edited by Ambassador; 07-11-2012 at 10:29 PM..
 5 years ago '08        #743
o7media 41 heat pts41
space
avatar space
space
$28,206 | Props total: 6331 6331
^^ Soooo he's saying we're gonna hit 1312 today and then bounce?

That's a 30 handle drop...
 5 years ago '08        #744
o7media 41 heat pts41
space
avatar space
space
$28,206 | Props total: 6331 6331
LNG ...i love this stock

 5 years ago '10        #745
Ambassador 444 heat pts444
space
space
space
$18,650 | Props total: 2 2
The high we reached today was 1341.29 (today's open). That's the closest it looks like it's going to get to satisfy the 23.6% retracement (1342.83).

Another leg down is expected to meet the 1318 target. If we don't, today's move would be considered all of wave 5, satisfying only the 1324 target. Today's low 1325.41 is enough to validate that.

Hopefully you can see the break down of the analysis. I decided to share this with you-and anyone else who is reading this-to state that EW does work, but not the original one, you know?



Last edited by Ambassador; 07-12-2012 at 01:32 PM..
 5 years ago '10        #746
Ambassador 444 heat pts444
space
space
space
$18,650 | Props total: 2 2
Catalysts that can potentially move the market tomorrow:

PPI
Core PPI
UMich Consumer Sentiment

My opinion though, I think we move into the green tomorrow to bid up option premium. I've learned not to guess though.
 5 years ago '08        #747
o7media 41 heat pts41
space
avatar space
space
$28,206 | Props total: 6331 6331
^^ I still think we see 1350-1352 this week. Looks like it may happen tomorrow with the bounce we got today.
 5 years ago '08        #748
o7media 41 heat pts41
space
avatar space
space
$28,206 | Props total: 6331 6331
 iNsane said:
The high we reached today was 1341.29 (today's open). That's the closest it looks like it's going to get to satisfy the 23.6% retracement (1342.83).

Another leg down is expected to meet the 1318 target. If we don't, today's move would be considered all of wave 5, satisfying only the 1324 target. Today's low 1325.41 is enough to validate that.

Hopefully you can see the break down of the analysis. I decided to share this with you-and anyone else who is reading this-to state that EW does work, but not the original one, you know?


huh? we didn't open at 1341.29 ... we gapped down.
 5 years ago '08        #749
o7media 41 heat pts41
space
avatar space
space
$28,206 | Props total: 6331 6331
LNG looking for the 16.70 16.75 area tomorrow ...


[pic - click to view]

 5 years ago '10        #750
Ambassador 444 heat pts444
space
space
space
$18,650 | Props total: 2 2
 o7media said:
huh? we didn't open at 1341.29 ... we gapped down.
We didn't open at 1341.29?

We never made a high today.
 5 years ago '08        #751
o7media 41 heat pts41
space
avatar space
space
$28,206 | Props total: 6331 6331
 iNsane said:
We didn't open at 1341.29?

We never made a high today.



The high was 1341.29


I know you saw futures down like 75 points this morning on the Dow....
 5 years ago '10        #752
Ambassador 444 heat pts444
space
space
space
$18,650 | Props total: 2 2
 o7media said:



The high was 1341.29


I know you saw futures down like 75 points this morning on the Dow....
That's what I said two posts ago

No I wasn't home for pre market and I didn't get online till two hours after we opened. My computer was acting up. Worst day
 5 years ago '10        #753
PaperBoy971 
space
avatar space
space
$466 | Props total: 244 244
 iNsane said:
Sorry my dude, I don't use scans.

o7media might know something about that. I know he uses scans frequently.
How do you go about finding stocks then ? I'm just getting started so I don't know what are the other methods.. Do you base your research on fundamental analysis and then look at the charts to determine an exit strategy ?

 o7media said:
Not sure what you mean by formulas. You can customize scans with your own settings, which is what I've done at Etrade. But I don't think that's the same thing as you're asking
Formula as the mathematical translation of a criteria. Let's say my strategy is shorting stocks that are entering a bearish trend, I could set my scans in order for it to bring up stocks whose chart formed a bearing engulfing pattern on the previous trading days for instance right ?
The formula would be something like ((C1>O1)AND(O>C)AND(O>=C1)AND(O1>=C)AND((O-C)>(C1-O1))) O being yesterday's opening price, O1 the day before. Then I would add other criterias like Price per share>10, Volume>200k, Stochastic>80 etc...in order to find potential stocks to trade.
That's just an example to explain what I meant, I hope it's clear enough. I really don't see a big platform like E-Trade not allowing traders to use formulas so I'm not too worried but I just wanted confirmation. My account won't be opened before next week.

Y'all are putting me on some good stuff I'm gonna look into fibonacci arcs and harmonic elliott wave right away.
 07-13-2012, 05:51 AM         #754
Illuminated 
space
space
space
$n/a | Props total:  
^^^ It sounds like you're looking for some type of an algorithmic software. Some people create those themselves.
 5 years ago '08        #755
o7media 41 heat pts41
space
avatar space
space
$28,206 | Props total: 6331 6331
 iNsane said:
That's what I said two posts ago

No I wasn't home for pre market and I didn't get online till two hours after we opened. My computer was acting up. Worst day

lmao no you said we opened at that and never went higher
 5 years ago '10        #756
Ambassador 444 heat pts444
space
space
space
$18,650 | Props total: 2 2
 o7media said:
lmao no you said we opened at that and never went higher
Wait

We opened at 1341.29 correct? That is also the high. What was yesterdays high?

My chart says, 1341.29.....so that would mean we didn't go higher....
 5 years ago '08        #757
o7media 41 heat pts41
space
avatar space
space
$28,206 | Props total: 6331 6331
 iNsane said:
Wait

We opened at 1341.29 correct? That is also the high. What was yesterdays high?

My chart says, 1341.29.....so that would mean we didn't go higher....

No we didn't open at 1341.29. You're looking at the index... that's why.

We gapped down yesterday.
 5 years ago '10        #758
Ambassador 444 heat pts444
space
space
space
$18,650 | Props total: 2 2
 PaperBoy971 said:
How do you go about finding stocks then ? I'm just getting started so I don't know what are the other methods.. Do you base your research on fundamental analysis and then look at the charts to determine an exit strategy ?



Formula as the mathematical translation of a criteria. Let's say my strategy is shorting stocks that are entering a bearish trend, I could set my scans in order for it to bring up stocks whose chart formed a bearing engulfing pattern on the previous trading days for instance right ?
The formula would be something like ((C1>O1)AND(O>C)AND(O>=C1)AND(O1>=C)AND((O-C)>(C1-O1))) O being yesterday's opening price, O1 the day before. Then I would add other criterias like Price per share>10, Volume>200k, Stochastic>80 etc...in order to find potential stocks to trade.
That's just an example to explain what I meant, I hope it's clear enough. I really don't see a big platform like E-Trade not allowing traders to use formulas so I'm not too worried but I just wanted confirmation. My account won't be opened before next week.

Y'all are putting me on some good stuff I'm gonna look into fibonacci arcs and harmonic elliott wave right away.
I know a lot of stocks off the top of my head. I stick to trading only a handful of them though. I only look at fundamentals for fun really. Never trade off them unless it's a long term investment or if I'm playing earnings. Rarely do, though.

Here is the site that got me started on HEW

You WILL need to buy his book, he breaks down his analysis and you'll get a better understanding.
 5 years ago '10        #759
Ambassador 444 heat pts444
space
space
space
$18,650 | Props total: 2 2
 o7media said:
No we didn't open at 1341.29. You're looking at the index... that's why.

We gapped down yesterday.
....And you're looking at? $SPY?
 5 years ago '08        #760
o7media 41 heat pts41
space
avatar space
space
$28,206 | Props total: 6331 6331
Back in ESRX. The July 57.5x calls at .22
Home      
  
 

 






most viewed right now
 77
Image(s) inside Groom cancels wedding after video of Bride going Wild in Bachelorette ..
222 comments
1 day ago
@misc
most viewed right now
 43
Video inside WTF shorty head game is....
72 comments
1 day ago
@thotsdimesetc
most viewed right now
 26
Video inside Dudes run up on Lil Bow Wow's house
93 comments
22 hours ago
@hiphop
most viewed right now
 12
Ohhh Fux I'm cumn hard!!! Day 12 nofap fail
93 comments
1 day ago
@thotsdimesetc
most viewed right now
 11
Video inside XXX half blonde half black hair kid throwing shots at Offset
83 comments
1 day ago
@hiphop
most viewed right now
 9
NBA BBB Lavar Ball With Another Genius Move
153 comments
22 hours ago
@sports
most viewed right now
 6
Video inside Troy Ave - I Ain't Mad At Cha (Taxstone, Hovain, Casanova Diss)
58 comments
1 day ago
@hiphop
most viewed right now
 6
NBA charles barkley. ....wow
120 comments
1 day ago
@sports
back to top
register contact Follow BX @ Twitter Follow BX @ Facebook search BX privacy