| StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500 | << 1 ... 14 15 16 17 18 ... 30 >>Post Follow-up |
| nikoschopen 2,824 posts msg #62063 - Ignore nikoschopen |
5/2/2008 11:55:31 AM Just an "average" volume doesn't cut it when it comes to breaking out above such an important technical pattern as the inverted head and shoulders we see before us. Another idiotic phenomenon that I've noticed alot these days is how the bulls are pushing the market up during lunch time on volume that's thinner than air. This would obviously be exploited further by big institutions when the afternoon session kicks in. |
| nikoschopen 2,824 posts msg #62064 - Ignore nikoschopen |
5/2/2008 11:58:18 AM BTW where did ya get the number for 4,448,780,000? |
| karennma 8,057 posts msg #62066 - Ignore karennma |
5/2/2008 12:13:37 PM yahoo finance. i clicked price history. ^DJI |
| nikoschopen 2,824 posts msg #62068 - Ignore nikoschopen |
5/2/2008 12:29:21 PM My source reveals that ^DJI had volume of 1,398,631,000 yesterday. |
| karennma 8,057 posts msg #62069 - Ignore karennma |
5/2/2008 12:31:34 PM well then, I don't know what the crap is on yahoo finance. |
| nikoschopen 2,824 posts msg #62074 - Ignore nikoschopen |
5/2/2008 1:58:44 PM So much for relying on free quotes. **wink wink** At any rate, there are many ways to minimize ure losses. Obviously, the best way to cut ure losses is to sell the loser outright. But if ure a proud member from the land of the timid (no offense meant), then you can hedge ure position by either buying the option or, should you have enough capital, pair-trade. Both of these strategies have their pros and cons. Whereas options only require a small premium (depending on the contract size), pair-trading requires a substantial sum of money. However, with pair-trading, you need not worry about losing the premium due to time decay as you would with options. |
| karennma 8,057 posts msg #62078 - Ignore karennma |
5/2/2008 2:53:51 PM you're right about the options .... I realize I should've hedged such a huge bet with options, but my ARROGANCE prevented me from doing so. I was so "sure" of what I was doing. I had a cruise planned and everything. This is how I lose money .. overconfidence, hubris. Three weeks ago, I was on top of the world. Now I feel like the dumbest person in the world. :>( |
| karennma 8,057 posts msg #62117 - Ignore karennma |
5/3/2008 8:03:07 PM johnpaulca - johnpaulca 5/2/2008 10:59:38 AM I don't think it will stay under 20 for much longer. ==================================================== Regarding the $VIX It's @ 18 now. The lowest it's been in the last ten years was 10. That was January '07. In that case, the DOW could rally to 15,000. |
| karennma 8,057 posts msg #62118 - Ignore karennma |
5/3/2008 9:34:18 PM I HOPE your suspicions are correct. Maybe we'll get a reversal soon. Like Monday! From SF home page: Candlesticks: Dark Cloud - 300 Dark Cloud Cover - 683 Come on dark clouds! |
| johnpaulca 12,036 posts msg #62119 - Ignore johnpaulca |
5/4/2008 12:58:05 AM Amateur-Investors: The 2 Period Relative Strength Index (RSI). This was the 3rd week in a row the 2 Period RSI has closed below the 20 level (point D). The last time the VIX closed three weeks in a row below the 20 level was in October of 2007 (point E) right before a correction developed (points F to G). Thus this is one reason I believe the major averages are nearing a short term top although they may still have one more up week before a correction develops. 
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