Official Short-term Investments Thread

[Dinan]

tempted to buy some HOD,,,,,,, :dunno:

with tomorrow's inventory, who knows....

[997TT]

added more HND at $11.01 :facepalm:

when will i ever learn ....

[rizfarmer]

ASW- get in while you still can. Announcements are coming; you've been notified.

[bg_27]

Originally posted by rizfarmer
ASW- get in while you still can. Announcements are coming; you've been notified.

completely not helpful, either elaborate or don't post this crap

[Dinan]

NG seems to be looking good... :dunno:



Natural gas closed higher on Tuesday as it consolidates above the 20 day moving average crossing at 3.627. The high range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain bullish signaling that sideways to higher prices are possible near term.

If August extends the rally off last week's low, the reaction high crossing at 4.138 is the next upside target. Closes below the 10 day moving average crossing at 3.483 would temper the near term friendly outlook.

First resistance is last Friday's high crossing at 3.79
Second resistance is the reaction high crossing at 4.14

First support is the 10 day moving average crossing at 3.48
Second support is last Monday's low crossing at 3.23

[bigbadboss101]

Originally posted by Big Daddy G
Anyone into HEB?

Up 80 cents in the last 2 days

What are you doing with this one? Sell tomorrow morning? Some thinks it's all speculations and nothing to it.

[SilverRex]

ok so yesterday while majority of the market moved as expected, however the surprise was the late rally in the DOW and oil didnt come down nearly as much as I would like, but no matter its a new day and so we will forget about the past.

now for today im target for oil still remains some where between the uptrend line/200 EMA and previous support at around 63.2-64. something to be careful about is the little red down trend line, if broken to the upside, oil may want to test 66. That is why if we shorted oil at around 66.3 then perhaps we have alot of flexibility, but those who got in late some where in the 65s may have to adjust their stops to take on a bit of a risk here if oil does continue to move lower.

the key is for shorting oil is to hope for a break below 63.2, then the fun really begins because that instantly would open up further down side back to 58-60. Dont shoot me for being wrong but it would be dam nice to have a projection of 15 dollars similar to the initial drop from 73.9-58.5 = 15.4, it would be too good to be true if the 50% retracement at around 66.3 marks another near term high for another swoon 15.4 lower right back to about 51.5, remember months ago when we were focusing on oil once it broke 51.75 it marked the beginning of a up trend out of the U shape bottom pattern that targeted 71-75? and we touched near 74. wasnt that perfect or what.

anyhow my bet is lower oil, but caution as the STOCH is very over sold, while the 4 hour chart is near over bought, we could potentially if the DOW rallies higher this morning, could make things a bit interesting such as pushing oil to a double top at 66.8 or perhaps even stretching as far as 67.6 for a divergence. That is why I suggested to place stops above 67.6 to anticipate such an event. and if 67.6 doesnt hold, I would say all bets and oil may have further higher to go before it finally tops out.

But as of right now 66.3 seems to be the right number to go short again which we did yesterday. so likes cheer for a sheer collasp of the DOW as a pull back is much needed.

http://i278.photobucket.com/albums/kk118/genmaster/oil072209.jpg

for gold, not much has changed for chart wise, the same resistance zone 947-957 continues to be the sell point in my books, it too did not make any significant break downs, but at least it did manage to break below the 947 support as well as an up trend line. I would say 957 upside max remains nearterm with next target to 943 then 937 then nothing until 928 and the all important up trend line on the daily chart now at about 918 to be the critical pt for gold bulls, if that is broken to the down side then I would suggest its headed for low 800s.

oh but on the flip side if 957 gold does not hold it would and could open up gold back to about 970, but even then I still very much remain bearish over all for gold to dip significant lower in coming months as the US dollar rallies, so hold off any large investment and or at least give your self some ammo for potentially much lower gold prices.

Now looking at the US dollar which has been key to much of all the moves in all sectors in the last 2 months, now I would love to see the US dollar retrace a bit back to about 79.4-5 before resuming the down trend to mark the next low in the dollar, this would give all sector some breathing room so that oil could head lower and the DOW could pull back and reset some overbought signals but the dollar index will have to beat above 79.10 for this to happen and so far it is unable to break higher, the flip side would be it will again make another plunge like yesterday but once it touches the lower part of the trend channel, it will rally again. Either way what does means is even if the dollar drops because we are so close to its previous support at 78.33, every time it dips towards it, it will be met with some buying, so that would make the upside to oil, dow or even gold limited. Meaning your not going to get great surges in those sectors, and it gets mroe difficult the higher it goes as alot of big players are probablly beginning to go short, just waiting for the dollar to bottom and change its trend, then all sectors will sell off heavily.

http://i278.photobucket.com/albums/kk118/genmaster/dollar072209.jpg

now finally the chart for DOW the late rally was strange given we had a sharp advance bar decline after dOW made a big move yesterday morning. However as I've written eariler, there is some big negative divergence happening so any more upside I would say will be met with alot of selling pressure and I would expect DOW to come down hard to the red trend line and support for a healthy pull back before it marks higher. Key retracement still remains at first level at 9400, so in order for DOW to start a wave to new lows (below 6500) we need dow to make it to 9400-10k so we are getting very near to a top in all sectors. Therefore imo cash is king in the coming months once the dollar bottoms.

http://i278.photobucket.com/albums/kk118/genmaster/dow072209.jpg

[cosmok]

^^Great call on HOD yesterday

[997TT]

You bet. HOD opened at $13.99 ... Thanks SR

just need HND to go a bit more to get to break even now. lol

[Dinan]

Originally posted by cosmok
^^Great call on HOD yesterday


yes it was, too bad i didn't get in on that...:cry: :burnout:

[997TT]

Nat gas, you pos. This is going to be a major loss ....

Oil bounced straight off of $63.8X ... looks like breaking $63's isn't going to be easy.

[DRKM]

Oh fuck. Woke up late this morning and watched my 44cent profit dissolve into a 15 cent profit. FUCK.

[cosmok]

Originally posted by 997TT
Nat gas, you pos. This is going to be a major loss ....

I'm thinking about jumping back into HNU and taking the HND loss

[guessboi]

go HNU. I still believe. :D

[997TT]

Originally posted by cosmok

I'm thinking about jumping back into HNU and taking the HND loss

I set a stop on HND at 10.45 .. no particular tie in to what Nat Gas will be only that it represents a $1/share loss from my adjusted.

I look forward to being stopped out. :banghead:

I did get a recommendation to short Sept NG at 3.90 with a stop at 4.30 but i have 6k shares and i'm not willing to lose 20% given that HND is 2x leveraged.

[SilverRex]

hmmm the us dollar index is unable to crack 79.10 on its 3rd attampt im beginng to see that it will dip lower

prepare for a higher dow, euro and gold today.

oil well we quite possibly could see 66+ again

[Dinan]

SR, did you sell your HNU ?

i'm looking to get into HOD at 66+ oil...


not sure what to do with HNU, i think i'll hold and if it dips all just buy MORE

:nut:

don't want to sell and see it move up ...

[997TT]

stopped out ... wow

HND at $10 now.
pos

sold my HOD for a small gain too. Might rebuy if it gets back to $13ish

[SilverRex]

remember this morning if oil breaks the red down trend line then there is some more upside to oil before it dips.

now that it hit 65.12 which imo has broken the down trend line expect oil to retest above 66 with 67.6 last stop

given 4 hour is coming out of overbought, we could possibly have a setup of divergence here with a higher oil 67 ish.

good place to short again between 66.5-67.5 but be sure to have a tight stop above 67.6

gold possibly could test 955-957 today, and euro near 4300

[SilverRex]

ok lets review oil, now that it broken the down trend line clearly it wants to retest yesterday in the 66 zone.

now obviously im not god for forecast here, I will get these thing wrong from time to time, but it feels as tough oil could possible poke higher to 67, then form some sort of H&S pattern similar to what we saw when it last hit 73.9, then it crashed shortly after breaking the neckline.

so as you can see, look at all those insane red line, you have a triple support neckline coming in with recent lows, the 200 EMA, the up trend line for the last two weeks, the 64 area is a fibo retracement level resistance which is now support. soon very soon 64 will be the key trigger for sharp oil sell off.

so the next time we dip below 64 could mark the run towards 58 and 54. but before that we will see what type of consolidation or top it is forming. now the only thing I worry is if the DOW does not give in and just keep marching higher (unfortunately it was expected remember when I say once it breaks 8400 and most importantly above 8600 it will want to make a new high in DOW? well it already did but key is to reach 9400+

not sure if dow keeps going up what it will do to oil as the 66.3 area is suppose to be a very very significant resistance if it does not hold, then it would revise may of the EW counts that perhaps oil has higher price to go.

cant rule out oil range bound between 64-67 then dip along side the other market when real sell off begins.

so if we short in the 66-67 area make sure you have tight stops so that it does not run against you back to 70 in a technical failure event. other wise the safer play is to wait until oil breaks below 64 again.

http://i278.photobucket.com/albums/kk118/genmaster/oiltoday-3.jpg

[guessboi]

HNU is a monster right now. :D

[SilverRex]

^ nice, probablly wont last, like I said key resistance at 4.07, 4.32 I'll take those level to exit and wait for a true break out and bullish indicators to cross over first before thinking very long.


I hope we have a fake break out today so that the market can reverse and tank.

I short oil at 66.3, not going to sell, so if it goes to 67 im adding to my position with stop yes. key level to watch is a break below today's low, it will be significant if it does.

why this level will be key no matter if oil moves higher or drops suddenly?

simply because we could also have a mini H&S with 65.4 left side, 66.8 yesterday's head and today 65.76 right side (so far it has been rjected here

so with oil can break 64 which is the neck line, then the fat lady has sung.

[SilverRex]

Originally posted by 997TT


I set a stop on HND at 10.45 .. no particular tie in to what Nat Gas will be only that it represents a $1/share loss from my adjusted.

I look forward to being stopped out. :banghead:

I did get a recommendation to short Sept NG at 3.90 with a stop at 4.30 but i have 6k shares and i'm not willing to lose 20% given
that HND is 2x leveraged.

you are right 3.91 is also a critical resistance area. wont be surprise if it drops here so far we are trying to break thru this for the 3rd time in a few days, if it fails again, then no where to go but down

[Dinan]

so i take it your out of hnu SR???

[SilverRex]

^ yup

not surprise if it goes higher but I dont think its ready to pop just yet

[RX_EVOLV]

translation: Buy HND hahah

disclaimer: I'm not buying.. not touching NG atm.

[SilverRex]

ok oil is coming down along side DOW, looking good, while gold and euro STOCH is moving higher and dragging price higher, I would very much like to see oil drop like a brick, like now.

come on oil, kill 64 for us in the name of money

[DRKM]

Holy shit.Oil does not want to stay up at all...
Fuck I bought some HOU. Wanting to sell at 66...

Damn. What to do when all you moves are against you?

Hit 64.82... Hmmm...

SR: What do you make of this little sell off?
EDIT: The 64.50 trend line is approaching fast...

[Dinan]

Originally posted by SilverRex
^ yup

not surprise if it goes higher but I dont think its ready to pop just yet


alright, putting a sale on for what i got in GREEN.....

why the change, few days ago, you were kinda bullish, said even if NG drops to 3.15 you would just add more...

are you all out or just what you had green?

[Dinan]

Originally posted by SilverRex
ok oil is coming down along side DOW, looking good, while gold and euro STOCH is moving higher and dragging price higher, I would very much like to see oil drop like a brick, like now.

come on oil, kill 64 for us in the name of money

hahahhaha, i just sold some HNU, is it too play to join the HOD party ???

or should i get in the HND :nut:


what else are you buying SR? HGD ?

[davidI]

I think I'm going to finally ditch my $6 HNU at a loss today. Looks like the best price we'll have for a while...

[SilverRex]

Originally posted by Dinan



alright, putting a sale on for what i got in GREEN.....

why the change, few days ago, you were kinda bullish, said even if NG drops to 3.15 you would just add more...

are you all out or just what you had green?

yes had 3.25 was the bottom then buying on dips is the key, but yet until it breaks 4.32, I think we could see lower price. especially oil is not moving up nearly as much as the market which indicates extreme weakness ahead.

still, technically the DOw needs a pull back, I view the entire run recently as corrective so an ABC correction, the rise from 8100 to now 8900 could mark the A, it needs to pull back a few hundred pts then shoot for a final Top Wave C into the 9400+

its during this B correction that could happen anytime makes oil/NG bearish.

[Dinan]

what else is a good buy SR?? HGD??


i would like to get into HOD, but i think i'll wait and see if it hits 66+ and get in... :dunno:

[civic_rida]

man you guys trade lots.

[cosmok]

Can't seem to make any good trades today :thumbsdow

[SilverRex]

^

no kidding, oil wants to come down but the market wants to push a bit higher. oil is being contained in a new down trend line making it look like its forming a trianglular pattern, I guess we will see which way it will breakout

[Dinan]

HOD had a nice pop in the morning,......

[SilverRex]

im liking what I see, 65.7 resistance is holding quite well, as long as dow doesnt do anything stupid like suddenly moving 100pts higher I think its safe to say oil should be able to slowly make lower :D

[max_boost]

Originally posted by davidI
I think I'm going to finally ditch my $6 HNU at a loss today. Looks like the best price we'll have for a while...

I am thinking the same thing! Too bad I didn't have the balls to average down when it was at $4. Oh well. Hmmm......

NG has been on a good run but I don't want any part of this anymore haha

[bigbadboss101]

Hmm. Interesting. So you guys think it will drop a bit yet? Pick up at like $4.50?

[max_boost]

Tomorrow is inventory count, could see $6 or $5 HNU. Who knows hahaha

What are your thoughts SR?

[Dinan]

Originally posted by max_boost
Tomorrow is inventory count, could see $6 or $5 HNU. Who knows hahaha

What are your thoughts SR?

hahahah, yeah i would risk and hold till tomorrow, either way it will pop up, it always doees, even if there is a build it! last week there was a build up and NG went up .30 cents lol...

i took some out, hope to take some more out tomorrow...:D an then let let drop!

[Dinan]

wow, everytime HOD gets to 13.30 i'm tempted to buy and it pops up to 13.50, thats been the play most of the day....


with my luck, if i buy, oil will break and move up! :nut:

[SilverRex]

Originally posted by max_boost
Tomorrow is inventory count, could see $6 or $5 HNU. Who knows hahaha

What are your thoughts SR?

im a beliver of technical trading, which means news will follow where price goes. not price following news. Yes price will be reactive when first released but really the over all trend everything has already worked in hence the trend was down since the beginning at 147

even if news was good, it would simply present a shorting opportunity, assuming oil is to be shorted down to 0.

but aside from that, the general feel is I think DOW is ready for a pull back if not already started. As I mentioned eariler, it needs to pull back alittle harder, not a 100 pt down day but rather a 200-300 pt to establish a wave B count.

it is in this leg down I believe oil has the potential to fall all the way back to 58-60 oil.

yes as DOw swings higher towards 9400 for a final top some where around there, it will bring oil, gold back up, and so there is good swing pts at 58, 55 etc for intraday trading.

but just because DOW makes a new high will not equal oil making a new high. think about this oil dropped from near 74 to 58 while DOW dropped from 8600 to 8100. but when DOW moved from 8100 to a new high at 8950, oil went from 58-66. So could you imagine if the DOw were to sell off? at this rate it will take DOw going to 12k to bring oil back above 74. So the thory goes, very high probable chance 66 oil could be a top. Im hoping when DOw drops 200-300 pts. it will bring oil back to 58, then it will never be able to recover. This will in turn give us a chance to short from 66 to 51, another 15 dollar drop price target just like 74-58

key resistance remains at 66.38 watch this level closely, a break below 64 will confirm 66.38 is the near term top and rapid sell off should being.

[DRKM]

Well I am still holding a small position of HOU... In the green at the moment but we will see what happens....

Judging by todays ralley from 63.80 I thought we would see some more action towards 66-67 area, but the bears are really trying to pull it down.

This kinda looks like gold a couple of days ago if you ask me...

Moved up pst 50 then fucked aroundin the fortys not really going anywhere...

[davidI]

Originally posted by max_boost


I am thinking the same thing! Too bad I didn't have the balls to average down when it was at $4. Oh well. Hmmm......

NG has been on a good run but I don't want any part of this anymore haha

I had the balls...I just got F'd by one damn penny!!! I had an order in at $4 that would have brought my average cost down to $4.50 and the HNU low that day was $4.01. Fawk. I would have made a mint...but my order was off by one lousy penny so it never filled!!

Gotta love trading!:banghead: :banghead:

[SilverRex]

^

yeah happens all the time, that is why I always set my order a few pennies higher than where I want in.

seriously some times price never hits the exact stop you want. might as well ask your self, if you want in, pay the price lol

anyhood, lets hope for a close below 8875 for DOW today. that will be good technically for us oil bear

[bg_27]

Originally posted by cosmok
Can't seem to make any good trades today :thumbsdow

I agree, I stayed out of the markets today, couldn't see a good direction up or down, days like this I find it safer to stay out.

[KRZY403]

Originally posted by bg_27


I agree, I stayed out of the markets today, couldn't see a good direction up or down, days like this I find it safer to stay out.

I wish I stayed out too. Ended up losing all profit from yesterday and this morning. :(

[997TT]

I not only wished i stayed out of the markets today, i wish i never heard of the markets. lol

i need to talk to my parents and see if they can hook me up with a job in the rice patty fields.

Rebought HND at $9.97 and HOD at $13.30

Lets lose some more money ... :poosie:

[SilverRex]

darn, it closed above 8875, going slap who ever did this in the face.

anyways still believing we are near if not at a short term top for DOW. looking for a 2-3 week pull back, then rise for a month from mid aug to mid sep, then the real drop begins or deflationary rise of the US dollar for many months.

why drop until mid aug then rise to mid sep? well im pulling this off a forum with someone who trades according to cycles. and he is suggesting we are at a near term top and should sell off into mid august, then get one more rise into mid sep.

well if I line this up with the EW count. then it does make sense, but can the market tank for 3 weeks? well maybe not down every day, sort of like a side way consolidation between 8500-8900, but it will grind slowly lower and lower of the next few weeks. then build for one final month long rally into 9400 and above.

sweet, the more confirmation the better lol

lets hope the slow grind is just as bad for oil and push oil back down to the low 50s. Then as the dollar finally puts in a true bottom and or the market makes it's final rally towards middle of sep, oil will make a pretty good swing trade off the low 50s and back to 60 or a bit higher and it would mark a very faint H&S pattern that will see oil test 33. all the while DOW back to low and the US dollar index would probablly be back near 84-86 area, everyone will be thinking the US dollar is just making a larger right shoulder in the H&S pattern that forced the dollar's weakness in the first place, people would again load up on oil in the 30s and gold at that time may be in the low 800s, like 02/03 DOw buying at low 7000 would be the perfect place to be. then as the deflationary setting continues, bad news hit the fan and suddenly things dont look rosy any more. the 2nd wave will force even greater people holding cash and the new height in the dollar will no doubt make new 52 week lows in gold, oil and dow. thats when everyone will once again come out and say the market is dead.

if oil ever does make lower the new lows for DOW and oil and gold will probablly not last, because once this final wave finishes, it will be the beginning of a new inflationary rise. As the US will no doubt devaule their very strong US dollar to again stim the market. oil will can dip to 10-20 dollar but quickly rise back above 30, dow could be in the 2000-4000 area fulfilling all EW count as well as water fall patterns and what ever. gold will also see a low in the 600s, thats the perfect time to load up and hold on for a wide ride. Thats when I think gold will finally be ready to launch straight thru 1000

[Dinan]

WOW! That's a VERY bearish outlook! Maybe we should sell our house and load up and buy, oil,gold,stocks :)

What's a good forum?

[SilverRex]

^

haha thats just my thoughts who know how it will play out months down the road. but I would laugh my head off if it plays out exactly like that,.

[civic_rida]

So cash is king until we reach new lows then buy everything and make tons of money?

[max_boost]

SR: you know that's crazy talk right? 2-4000 dow? lol which means 3-5000 TSX? lol

That would bring XIU to about $5. That would be the mother of all average down for me. I will sell my house, my car, fucking everything, the question is, would anyone even buy it at the time. It could be the end of the world! hahaha

[SilverRex]

another day lets hope today actions are more predictable and offer better ranges.

oil after it bounced off 64, at a moment was expecting it to retest 66, but 65.76 50% fibo held the fort, while it looks like it broke a down trend line and currently is retesting it. depending on the action this morning in the general market, oil could go either way, oil will either be unable to break above 65.76 and will eventually break below that 3 very important support near 64 or if it does break above 65.76, it can perhaps retest its prior highs at about 66.8 and has a clear shot at 67.6.

all in all I still expect oil is above to roll over so any larger up move should be viewed as shorting opporunity, especially within the range of 66-67.

current risk is to short with stops above 67.7, other wise next play is to short when it can break below all those demand trend line underneath slightly below 64.

http://i278.photobucket.com/albums/kk118/genmaster/oil072309.jpg

let see gold over night or you can say asian market took gold up just ticks before 957. and we are at any moment to be able to confirm we have some obvious divergences but will require gold to head back below the purple line before it takes shape. we are now at 954 as I write this, so close to 957 makes you wonder if it can shoot higher, I just have to stick to my initial targets that the 947-957 should continue to be the place to short, of course if gold manages to crack 957 and stay above it without any quick pull back, then thats another story but until that happens still expecting weakness coming pretty soon here. For target, it will take a while but if 957 is the top, then will easily target the daily up demand trend line near 918-920 as of today.

http://i278.photobucket.com/albums/kk118/genmaster/gold072309-1.jpg

ok finally the US dollar index so far it looks like a very simple trend channel headed down, but notice its getting more and more difficult to make new lows, everytime tets near 78.50, it is met with buying. with all other market is over bought territory especially the DOW, I am expecting the dollar to rally a bit here at least to the upper part of the channel. Will it break it and head higher? it could but until it does I'm just going to say price should be contain in this channel with a very high chance it is heading up short term, and if there is down side, similar to yesterday, it will be again met with alot of buying holding it up.

I'm hoping it will and does put in a bounce for a few days or even a week or two so that it can bring the DOW/oil/gold back down, over all still expect the dollar to put in new lows within the next few weeks.

http://i278.photobucket.com/albums/kk118/genmaster/dollar072309.jpg

[Neil4Speed]

I was surprised to see ECA doing as well as it is considering their Q2 results were poor. Anyone else? Still nice to see a positive day in the markets.

[Dinan]

HOD anyone?

[KRZY403]

oil broke past 65.76

[SilverRex]

wow tje market just doesnt want to give up, I dont think it can keep moving up like that with out any significant pull backs. we'll see how oil reacts above 66, gold near 957. NG got near 4.04, remember 4.07 folks a pretty important number

would like to see a strong sell off towards end of the today would be ideal technically.

[Dinan]

lets get ready for NG, few more min to go.... :nut:

[997TT]

wow HND went from $9.9X to $10.40.

inventory reports ...thank you.

http://www.eia.doe.gov/oil_gas/natural_gas/ngs/ngs.html

[KRZY403]

i bought hnd at 10.45 and it reached a stop at 10.15 now it makes a high of 10.66?! fml

[997TT]

bad luck bro.
i was going to see HND through to NG = 4.30 this time. Made up my mind that i throughly enjoyed losing money.

HND at 10.70 now. Don't know if i want to sell and try and pick it up around $10.30 again or if it will just keep going. No matter what i do, i'm sure it will go the other way.

[bigbadboss101]

Time to shut down and go for a workout. Nothing good to see.

[SilverRex]

DOW is extremely over sold pretty much all charts especially the daily.

for bear, be glad oil is still having trouble trying to crack its previous high at 66.68 with DOw now above 9000 since Jan

can you imagine if the DOW were to sell off few hundred pts what it would do to oil?

I'm still calling this rally bullshit: although on a higher time frame, DOW is suppose to goto about 9400-10k, but technically it was suppose to pull back a bit before rising so we will see how it plays out.

[997TT]

HND = 11. made back $3k of my $6k loss if i sell now.

C'mon HOD ...lets see $63 oil by end of week.

[Dinan]

Originally posted by 997TT
HND = 11. made back $3k of my $6k loss if i sell now.

C'mon HOD ...lets see $63 oil by end of week.


oh shit, when did you lose 6k?? when you got stopped out of HND the other day...?

i'm soo tempted to pick some HOD too, but this damn market just wants to move up.... it's cause of these better then expected earnings....

[997TT]

^ ya, had 6k of HND at 11.40 cost
stopped out yesterday AM for a $1/share loss.

But rebought at 9.97 (only 3k shares this time).

so up $1.10 or so at current HND price.

Are you still holding HNU?

debating whether to buy more HOD or not.

[Dinan]

Originally posted by 997TT
^ ya, had 6k of HND at 11.40 cost
stopped out yesterday AM for a $1/share loss.

But rebought at 9.97 (only 3k shares this time).

so up $1.10 or so at current HND price.

Are you still holding HNU?

debating whether to buy more HOD or not.

should have held... easier said after after...

yeah i'm holding 2500 at about 5.8... didn't want to take a lose, but should have....:banghead: oh well got cash to buy when SR gives the go :)

i might buy a bit when NG gets to 3.57, as it's a support, for a quick flip... but who knows....


yeah i want to get some HOD, but not sure...:dunno:

[davidI]

I just jumped on some HOD. Only 300 shares though.

[SilverRex]

oil 67-67.6 to watch. might add to my HOD position here.

[tryingtobebest1]

Originally posted by 997TT


I have followed TCK pretty close for the past 1.5 years (still own it in my LT portfolio that my broker manages). Have day-traded it consistently past 6-8 months.
At these levels i think its dead money ST (thought so at $18ish and was wrong...lol) and now $24 i would either sit on the
sidelines or short it like you. If the TSX pulls back, TCK will fall very hard imo.

We'll see how it plays out.

HND ... what a see-saw. Glad i'm sitting on 4k shares ...making my morning interesting for sure. NOt necesarily in a good way either....

SR can you give as something about TCK.b?

[Vanish3d]

Originally posted by SilverRex
DOW is extremely over sold pretty much all charts especially the daily.

for bear, be glad oil is still having trouble trying to crack its previous high at 66.68 with DOw now above 9000 since Jan

can you imagine if the DOW were to sell off few hundred pts what it would do to oil?

I'm still calling this rally bullshit: although on a higher time frame, DOW is suppose to goto about 9400-10k, but technically it was suppose to pull back a bit before rising so we will see how it plays out.

if this is bullshit rally, u think its wise to short DOW today for a correction for tomorrow?

[cosmok]

Originally posted by yellowsnow
AVM just keeps going up :D rumor is they will get new financing approved on wednesday...
:thumbsup: kept on moving up and up

[civic_rida]

In hod at 12.70

[SilverRex]

double up hod at 12.62 this should be according to my calculation oil at 67.5

this is 61% fibo from the 74 to 58 drop, its the last stand if oil is to head to 55

[Dinan]

in at 12.63 ... :drama:


anyone else get anymore....

[davidI]

Originally posted by Dinan
in at 12.63 ... :drama:


anyone else get anymore....

Picked up another 300 shares at $12.64 for an average cost now of $12.82.

[Dinan]

Originally posted by SilverRex
double up hod at 12.62 this should be according to my calculation oil at 67.5

this is 61% fibo from the 74 to 58 drop, its the last stand if oil is to head to 55


lets go oil!!! i mean lets go DOWN!!! :D

[Dinan]

Originally posted by davidI


Picked up another 300 shares at $12.64 for an average cost now of $12.82.

nice... i just got 500....


SR, is leading the way, when to get out :):D

[Vanish3d]

12.68

[Dinan]

oh boy, this reminds me of when we all got into HNU.... hope it plays out differently :facepalm:

[civic_rida]

see the difference this time is that Maxboost is not in on this.

[Vanish3d]

it better not play out like HNU, that sucked

what does 67.6 oil translate into HOD price?

[KRZY403]

Originally posted by Dinan
oh boy, this reminds me of when we all got into HNU.... hope it plays out differently :facepalm:

word

[SilverRex]

Originally posted by Vanish3d
it better not play out like HNU, that sucked

what does 67.6 oil translate into HOD price?

I think its about 12.37

[SilverRex]

the US dollar index got so close to its previous major low at 78.33, it touched 78.42

will it touch 78.3 to the tick?

not sure

I only expect oil to reverse somewhere between 67-67.6

which is probablly 12.3-12.6 price

[civic_rida]

So a safe stop would be 12.20

[SilverRex]

^

yup


next closest DOW resistance is probablly at 9088, we are quite near, after that there is probablly nothing stopping it in between all the way to 9400.

so either it has to hold here or next stop is 9400 of course here i am hoping its due for a pull back.

[Dinan]

Originally posted by SilverRex
^

yup


next closest DOW resistance is probablly at 9088, we are quite near, after that there is probablly nothing stopping it in between all the way to 9400.

so either it has to hold here or next stop is 9400 of course here i am hoping its due for a pull back.


are you putting your stop there?



so if dow closes above that, then it will take oil with it...?

[sputnik]

Originally posted by civic_rida
see the difference this time is that Maxboost is not in on this.

He knows better.

In this economy, playing HOU/HOD is like going to a roulette table and cheering for "red".

[max_boost]

^
:rofl: :werd:

I knew I should have sold that pos HNU yesterday for a small loss and dump the rest into XIU but I just had to gamble that it might pop to $6. I also said if it doesn't pop to $6, it'll drop to $5 and it's at $4.84 right now. :facepalm:

At least the markets are up 200pts, love it. :love:

[Dinan]

Originally posted by max_boost
^
:rofl: :werd:

I knew I should have sold that pos HNU yesterday for a small loss and dump the rest into XIU but I just had to gamble that it might pop to $6. I also said if it doesn't pop to $6, it'll drop to $5 and it's at $4.84 right now. :facepalm:

At least the markets are up 200pts, love it. :love:



i too was hoping for it to pop to 6$ to get out....


when you plan on selling your xiu??

[Red@8]

I am still in HNU as well. Could have got out this morning for a small profit and tried but I was stuck at the dealership who had BMO blocked on their computers for some strange reason. Just not meant to be I guess.

Picked up some more HOD today.

[Dinan]

Second support is the 10 day moving average crossing at 3.57


how strong of a support is this ?? would it be a good buy, NG is just around the corner from it...

[Dinan]

damn. not looking good.... :nut: DOW is moving UP and so is OIL!

[max_boost]

Originally posted by Dinan




i too was hoping for it to pop to 6$ to get out....


when you plan on selling your xiu??

I'm thinking around 11,000 TSX.

Hoping market optimism pushes it through and I cash out half my position.

[SilverRex]

euro collasp is accelerating so far so good, that means the US dollar is rising

hold is slowly but coming down, eventually this will rock the boat for oil and dow :)

[Dinan]

Originally posted by SilverRex
euro collasp is accelerating so far so good, that means the US dollar is rising

hold is slowly but coming down, eventually this will rock the boat for oil and dow :)

i like, i like the sounds of that! :D


where do you see a good support for NG? 3.25 ??? 3.50 ? for a quick flip?