Comments on: Where are we heading from here? http://www.momdaytrader.com/blog/2010/05/08/where-are-we-heading-from-here/ Trade to win Sat, 04 Feb 2012 15:04:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Satuki (Trader Mom)http://www.momdaytrader.com/blog/2010/05/08/where-are-we-heading-from-here/#comment-1562 Satuki (Trader Mom) Sat, 03 Jul 2010 06:58:24 +0000 http://www.momdaytrader.com/blog/?p=1869#comment-1562 The stock market indeed broke down. But If you knew how to read charts, you would not say "the market went straight down 1300 points".<br><br>Now, open the 60 min Dow chart, you can see that a standard rectangular trading range started on 5/14 and ended on 6/30, when the market effectively broke down. How long did it last? It was almost 7 weeks, right? Now let me ask you this. What part of "a few weeks" do you NOT understand? Do not answer it. That is just a rhetorical question.<br><br><br>One thing I am sure is that you are absolutely not a technician. So stick with your FA. And we would appreciate some quality comments on FA<br><br>I said you were childish because you came here and bragged about it every time there was even a small drop. It was not becuase you disagreed with me. Can you even read? The stock market indeed broke down. But If you knew how to read charts, you would not say “the market went straight down 1300 points”.

Now, open the 60 min Dow chart, you can see that a standard rectangular trading range started on 5/14 and ended on 6/30, when the market effectively broke down. How long did it last? It was almost 7 weeks, right? Now let me ask you this. What part of “a few weeks” do you NOT understand? Do not answer it. That is just a rhetorical question.

One thing I am sure is that you are absolutely not a technician. So stick with your FA. And we would appreciate some quality comments on FA

I said you were childish because you came here and bragged about it every time there was even a small drop. It was not becuase you disagreed with me. Can you even read?

]]> By: Satuki (Trader Mom)http://www.momdaytrader.com/blog/2010/05/08/where-are-we-heading-from-here/#comment-1577 Satuki (Trader Mom) Sat, 03 Jul 2010 05:58:00 +0000 http://www.momdaytrader.com/blog/?p=1869#comment-1577 The stock market indeed broke down. But If you knew how to read charts, you would not say "the market went straight down 1300 points".<br><br>Now, open the 60 min Dow chart, you can see that a standard rectangular trading range started on 5/14 and ended on 6/30, when the market effectively broke down. How long did it last? It was almost 7 weeks, right? Now let me ask you this. What part of "a few weeks" do you NOT understand? Do not answer it. That is just a rhetorical question.<br><br><br>One thing I am sure is that you are absolutely not a technician. So stick with your FA. And we would appreciate some quality comments on FA<br><br>I said you were childish because you came here and bragged about it every time there was even a small drop. It was not becuase you disagreed with me. Can you even read? The stock market indeed broke down. But If you knew how to read charts, you would not say “the market went straight down 1300 points”.

Now, open the 60 min Dow chart, you can see that a standard rectangular trading range started on 5/14 and ended on 6/30, when the market effectively broke down. How long did it last? It was almost 7 weeks, right? Now let me ask you this. What part of “a few weeks” do you NOT understand? Do not answer it. That is just a rhetorical question.

One thing I am sure is that you are absolutely not a technician. So stick with your FA. And we would appreciate some quality comments on FA

I said you were childish because you came here and bragged about it every time there was even a small drop. It was not becuase you disagreed with me. Can you even read?

]]> By: Satuki (Trader Mom)http://www.momdaytrader.com/blog/2010/05/08/where-are-we-heading-from-here/#comment-2297 Satuki (Trader Mom) Sat, 03 Jul 2010 00:02:00 +0000 http://www.momdaytrader.com/blog/?p=1869#comment-2297 It indeed broke down. But the side way market lasted for almost 6 weeks. What part of "a few weeks" do you NOT understand? I guess it is you who have a short term selective memory. It indeed broke down. But the side way market lasted for almost 6 weeks. What part of “a few weeks” do you NOT understand? I guess it is you who have a short term selective memory.

]]> By: caligula123http://www.momdaytrader.com/blog/2010/05/08/where-are-we-heading-from-here/#comment-1559 caligula123 Fri, 02 Jul 2010 23:53:02 +0000 http://www.momdaytrader.com/blog/?p=1869#comment-1559 Boo! I'm back, hows that sideways market working out for ya? We have now dropped 1,300 points on the DOW since my post, pretty much straight down with some sucker rallies in between, not bragging that I was right and you were wrong, but don't say I'm being childish for disagreeing with you, or that you provided no facts to support your claims.<br><br>Remember that you only care about a few weeks? Do you have short term selective memory? Good luck with your sideways market... who would have thought that I'd be up 35% shorting a sideways market! Boooyaaa Boo! I'm back, hows that sideways market working out for ya? We have now dropped 1,300 points on the DOW since my post, pretty much straight down with some sucker rallies in between, not bragging that I was right and you were wrong, but don't say I'm being childish for disagreeing with you, or that you provided no facts to support your claims.

Remember that you only care about a few weeks? Do you have short term selective memory? Good luck with your sideways market… who would have thought that I'd be up 35% shorting a sideways market! Boooyaaa

]]> By: Satuki (Trader Mom)http://www.momdaytrader.com/blog/2010/05/08/where-are-we-heading-from-here/#comment-1533 Satuki (Trader Mom) Fri, 21 May 2010 21:51:51 +0000 http://www.momdaytrader.com/blog/?p=1869#comment-1533 First off, you read my post carefully. I mentioned to my readers that they needed to unload long positions when the market bounced after the first drop.<br><br>As a day trader, I do not even need to argue with you about the fundamentals because they do not carry much weight in day trading.<br><br>However, when we talk about "fundamentals", we do need to look at a longer time frame, right? We are not going to talk about FA based on a 5-min chart right? So what is wrong with using a monthly here?<br><br><br>As I mentioned in the previous post, what matters is how much weight you give to it. So do not bring this "monthly" argument of yours again. It is very weak.<br><br><br>Since you are so bearish, is it safe to assume that you have been shorting the market since 7000,8000 or 9000? Do not tell us that you started shorting the market around 11000. Of course, we won't know it until you post your trades in real time just like I do.<br><br><br>Most of my readers are way smarter than you think. They trust me because I am one of those very few people who post their trades in real time instead of blah blah blah............... First off, you read my post carefully. I mentioned to my readers that they needed to unload long positions when the market bounced after the first drop.

As a day trader, I do not even need to argue with you about the fundamentals because they do not carry much weight in day trading.

However, when we talk about “fundamentals”, we do need to look at a longer time frame, right? We are not going to talk about FA based on a 5-min chart right? So what is wrong with using a monthly here?

As I mentioned in the previous post, what matters is how much weight you give to it. So do not bring this “monthly” argument of yours again. It is very weak.

Since you are so bearish, is it safe to assume that you have been shorting the market since 7000,8000 or 9000? Do not tell us that you started shorting the market around 11000. Of course, we won't know it until you post your trades in real time just like I do.

Most of my readers are way smarter than you think. They trust me because I am one of those very few people who post their trades in real time instead of blah blah blah……………

]]> By: caligula123http://www.momdaytrader.com/blog/2010/05/08/where-are-we-heading-from-here/#comment-1532 caligula123 Fri, 21 May 2010 18:33:41 +0000 http://www.momdaytrader.com/blog/?p=1869#comment-1532 Make up your mind. You care only about a few weeks time frame, go back and read your own post when you state that. Now you are bringing up the 15 months chart again.. we can play that little game for long time if you keep adjusting your window, again if I look at a 3-4 week chart it is craziness to say that we are going sideways. Also its not my theory, I ave you facts to support it, your call is a theory, actually not even, just a gut feeling.<br><br>I just hope non of your thousands of readers got hurt following your sideways call, although you have disclaimer, but still some people who don't know any better are easily influenced. Make up your mind. You care only about a few weeks time frame, go back and read your own post when you state that. Now you are bringing up the 15 months chart again.. we can play that little game for long time if you keep adjusting your window, again if I look at a 3-4 week chart it is craziness to say that we are going sideways. Also its not my theory, I ave you facts to support it, your call is a theory, actually not even, just a gut feeling.

I just hope non of your thousands of readers got hurt following your sideways call, although you have disclaimer, but still some people who don't know any better are easily influenced.

]]> By: Satuki (Trader Mom)http://www.momdaytrader.com/blog/2010/05/08/where-are-we-heading-from-here/#comment-1531 Satuki (Trader Mom) Thu, 20 May 2010 22:05:36 +0000 http://www.momdaytrader.com/blog/?p=1869#comment-1531 look at the chart carefully. The drop is only about 10% from the top. A 10% drop after a 80% rally from March in 2009 means what? it means nothing.<br><br>According to your theory, which is "The fundamentals now are worse than 2008/2009.' If it holds, then we would see DOW drop below the 6000 mark soon, right?<br><br>I still see a side way market until the monthly breaks. look at the chart carefully. The drop is only about 10% from the top. A 10% drop after a 80% rally from March in 2009 means what? it means nothing.

According to your theory, which is “The fundamentals now are worse than 2008/2009.' If it holds, then we would see DOW drop below the 6000 mark soon, right?

I still see a side way market until the monthly breaks.

]]> By: caligula123http://www.momdaytrader.com/blog/2010/05/08/where-are-we-heading-from-here/#comment-1530 caligula123 Thu, 20 May 2010 21:08:16 +0000 http://www.momdaytrader.com/blog/?p=1869#comment-1530 How's that sideways market trend working out for ya? Still see a sideways market? We have had a pretty vicious sell off since my post, some 800-900 points now, I suppose that also means nothing. I expect a bounce here soon, but I guess we will have to see. How's that sideways market trend working out for ya? Still see a sideways market? We have had a pretty vicious sell off since my post, some 800-900 points now, I suppose that also means nothing. I expect a bounce here soon, but I guess we will have to see.

]]> By: Satuki (Trader Mom)http://www.momdaytrader.com/blog/2010/05/08/where-are-we-heading-from-here/#comment-1525 Satuki (Trader Mom) Mon, 17 May 2010 01:16:50 +0000 http://www.momdaytrader.com/blog/?p=1869#comment-1525 You can edit all your posts provided that they do not have any replies yet. Here is how you can do it. Just sign up for a Disqus account, which is totally free. That is it. Follow the link below<br><br><a href="http://disqus.com/comments/" rel="nofollow">http://disqus.com/comments/</a> You can edit all your posts provided that they do not have any replies yet. Here is how you can do it. Just sign up for a Disqus account, which is totally free. That is it. Follow the link below

http://disqus.com/comments/

]]> By: caligula123http://www.momdaytrader.com/blog/2010/05/08/where-are-we-heading-from-here/#comment-1523 caligula123 Sun, 16 May 2010 20:19:14 +0000 http://www.momdaytrader.com/blog/?p=1869#comment-1523 oops meant first quarter GDP being short of estimates, not second. Darn I wish I can go back and change my posts... oops meant first quarter GDP being short of estimates, not second. Darn I wish I can go back and change my posts…

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