Recent content by bj139

There is only one page describing a conspiracy to destroy the markets. I have thought this for some time and I would like to learn more. I thought so since George Soros nearly destroyed the British pound and made a billion dollars. I hope I am not too old to work in the labor camps.:(

Hi BJ139 Was it this divergence (one at the left shoulder and one on the head) that you were refering to? vs the dj utilities. Yes, that is the divergence.

I tried posting a chart of the DJIA but was unsuccessful even after uploading the image to this site. There is a divergence on the head and shoulders between DJIA and DJ utilities. Many trading books show this as a sign of lower prices ahead. This is a very classical sign which proceeded the...

I went long with TNA yesterday with a small testing buy. I bought more TNA near the first peak and sold it all on the first correction. TACTICAL MISTAKE. I got discouraged and went to do something else and missed the opportunity to get back in. Trading is really tough emotionally. I guess...

I was studying the daily and hourly charts and considering the comments on CNBC and Bloomberg. I mentioned in one of my previous posts that the Elliot wave count on the hourly chart looked to be early in this move down. I agree with the previous post about not relying on predictions...

I haven't heard of convergence in technical analysis except in a triangle the two trendlines converge. Divergence means a trendline drawn through price lows or highs are at a different angle than with trendlines drawn through the indicator lows or highs. I posted mysome of my daytrading...

I think your Elliot wave thinking is good. There is a five wave subwave down starting April24 till June6. Then 1 wave up till June21. The third wave down might end now or later. I have posted more information on divergence here...

This is just my thinking, not advice. If you want to make money do the opposite.:lol: I'm looking for a return to SP1150 starting near 7/2/10. If I see any strength by the close I may buy some TNA or BGU. An extended trendline from the January highs through the May lows may provide support...

Nice trade:clap:

I am having trouble with this site not responding and then my post is lost. I tried to send a message twice but was unsuccessful. Maybe this time it will work. I always sell when the market proves me wrong. If I was long NOW would be the time when I know I am wrong. Whenever I held on...

I think tomorrow could be the bottom. Not THE bottom but good for 8 to 10 days up. :thumbsup:

It looks like the market is having trouble going above SP1046. From my Elliot wave count it looks too early to be at a bottom. A drop to SP1025 would sure clean out a lot of bulls and make a good uptrend more likely. I will not make any swing trades now because I don't have any idea which...

I think we will go lower; only because I had a strong urge to jump in and go long after the close. My feelings are usually dead wrong. :cool:

It looks like SP1040 must hold for the head and shoulders to be false and the market to go up. I guess that makes sense since if 1040 holds the only other direction is up :-) If 1040 is broken for a day or two or three then the downside target would be around SP853. Just my 2 cents, if I...

Yes. Wait for the trend to clearly define itself before jumping in front of the moving train :-)