buys for tuesday

[wallstreetsedge]

whats not to like? theres plenty of buys for tuesday...

ma
x
bidu
goog
cmi
sohu
bwld

probably see a small 100-150pt retrace up over next 2 sessions, what do you guys think?

[netwrangler]

whats not to like? theres plenty of buys for tuesday...

ma
x
bidu
goog
cmi
sohu
bwld

probably see a small 100-150pt retrace up over next 2 sessions, what do you guys think?
And, of course, that's because you say so.

WSE, you are back to your old [bad] habits.
Give us some logic here behind these [because I say so] picks.

'Glib' does not an analyst make.

[john_for_u80]

And, of course, that's because you say so.

WSE, you are back to your old [bad] habits.
Give us some logic here behind these [because I say so] picks.

'Glib' does not an analyst make.

No need to buy them. Market might bounce for few days but market will soon break on the downside. Also most interesting thing to watch next week is LEH!
It has lot of put activities recently. Barely holding the support. It might fall big. LEH is in worst situation than what BSC was in! JPM was smart to bash BSC and get it. Again, Who knows JPM is smart or not? Time will tell in few years.

Most of the stock charts have broken. I think S&P will go down soon looking at the charts.

I will show you 1 chart where most of the stocks are trading above 50DMA. When this is the case, market falls.

http://stockcharts.com/charts/gallery.html?$nya50r

Buying anything on Tuesday is a BS unless you are a day trader and get in and out looking at the intraday chart!

[wallstreetsedge]

my reasons are technical bounces! lol :top:

[Rich]

No need to buy them. Market might bounce for few days but market will soon break on the downside. Also most interesting thing to watch next week is LEH!
It has lot of put activities recently. Barely holding the support. It might fall big. LEH is in worst situation than what BSC was in! JPM was smart to bash BSC and get it. Again, Who knows JPM is smart or not? Time will tell in few years.

Most of the stock charts have broken. I think S&P will go down soon looking at the charts.

I will show you 1 chart where most of the stocks are trading above 50DMA. When this is the case, market falls.

http://stockcharts.com/charts/gallery.html?$nya50r

Buying anything on Tuesday is a BS unless you are a day trader and get in and out looking at the intraday chart!


This is NOT a pretty chart you are providing...........

Are there other MA's that you can provide for us? I found that it works with a 200 day,

Thanks

[wallstreetsedge]

yeah but jpm has been biding $1 for bsc for over a year now

[cramerica1972]

yeah but jpm has been biding $1 for bsc for over a year nowwhat caused the collpase of sterns?rumors or bad decisions?

[john_for_u80]

This is NOT a pretty chart you are providing...........

Are there other MA's that you can provide for us? I found that it works with a 200 day,

Thanks

200 DMA chart

http://stockcharts.com/charts/gallery.html?$nya200r

VIX chart

http://stockcharts.com/charts/gallery.html?$vix

http://stockcharts.com/charts/indices/McSumNYSE.html

I am not able to find T2108 chart(stock % above 40 DMA). Compare that with S&P and you will get the picture. T2108 is at a peak and everytime it reaches the peak, it falls down and S&P follows!

Warren Buffet says:

http://biz.yahoo.com/ap/080525/germany_warren_buffett.html

LEH can crash anytime. It is slipping down. Also lot of put activities seen recently.

http://stockcharts.com/charts/gallery.html?LEH

What do you think about LEH? Do you think this firm can ever make money? NO WAYS! Would you invest in LEH? NO!

I think market can bounce but it will not hold up and go up breaking the resistance. I am looking to start position in SDS when market bounces up. Also look at the volume of DUG in past 3 days.
OIL might go down soon.
http://stockcharts.com/charts/gallery.html?dug

Investing on the wrong side of the market can burn us. Be Careful.

[wallstreetsedge]

i think you leh is done being sold off and its time to buy now

[John Law]

I wouldn't touch LEH over 30. This is a stock just waiting for a catalyst for a major drop. There are safer plays, even in financials.

[Rich]

whats not to like? theres plenty of buys for tuesday...

ma UP
x UP
bidu UP
goog UP
cmi UP
sohu UP
bwld Begining to go UP

probably see a small 100-150pt retrace up over next 2 sessions, what do you guys think?
Forgot LEH, starting to level off today! Another good call.....

So far, good calls WSE.

[Rich]

WSE, what indicators or news did you have that suggested/confirmed that these stocks would go up today, please?

Rich

[freakscene]

im going to guess ........... RSI ;) ?

[Rich]

im going to guess ........... RSI ;) ?

At what settings????

BTW, WSE, what settings do you recommend for RSI, Stochrsi, EMA, MA and anything else you can think of <G> for a day, short or long trade?

I was reading several posts that stated that the EMA of 4-8-21 was good because when the 4 crosses the 8 the stock is good for at least a meaningful profit.

Rich

[john_for_u80]

my reasons are technical bounces! lol :top:

Good Calls :)

[Riddicks]

The dude is on fire, he called DRYS today and it went up 9% after the week and half of downward spiral.

[wallstreetsedge]

thanks guys... for the support guys :)

the chart and indicators really depend on how youre looking to trade.. whether its a day trade, swing trade, or longer

all indicators are basically the same, they take the same info and put it on a scale. the most important things you need to look at are the most basic....

individual candlesticks - chart depends on how youre going to trade it... day trade i say use one of these... 2min, 5min, 15min, 30min, 60min.... swing i say use daily or weekly... longer i say weekly... and support/resistance

then depending on how youre going to trade, you have to adjust your indicators... to learn to trade would be time consuming to post here but i teach online classes off of my site if youre interested based on what you want to learn or how you want to trade

but some of my favorite indicators that i mention a lot on this board include..20sma, 200sma, never ema... slow stoch, fast stoch, volume, rsi

everything is basically the same, its just how you use it and how you combine them... an important thing you need to remember is that indicators should be used only to confirm your trade and that you shouldnt be trading just bc an indicator says so

[wallstreetsedge]

by the way.. if anyone got involved in those trades... i would sell out of...

MA
GOOG
SOHU
BWLD

[wallstreetsedge]

I was reading several posts that stated that the EMA of 4-8-21 was good because when the 4 crosses the 8 the stock is good for at least a meaningful profit.

Rich

by the way.. 4,8,21 dont matter and you dont have to stick to it like a religion.. and the the first number is wrong anyway but not a big deal.. it should be 5, 8, 21 but again the numbers depend on how youre going to trade

the numbers are formed by fibonacci...

1+1=2
2+1=3
3+2=5
5+3=8
8+5=13
13+8=21