[mact3333]

The breakdown order....gold, oil, stocks, real estate.

My guess is the recovery process will go in same order...gold has already started the recovery...I have been long GLD for few weeks now...will guess oil will start recovery before stocks do...if we have entered a true bear in stocks which I believe we did, bears will last most likely last approx a year from top to bottom.

JMHO of course.

[mact3333]

SPX at 1835 right now...I want to see 1827 at the close today.

People ask me how I predict the markets...watch the first 5 seconds of this video...thats how I rub the crystal ball for insight...draw from my inner Edgar Cayce/Nostradamus.....


[u2b]https://www.youtube.com/watch?v=WJHiJxG9rsU[/u2b]

[Inspired]

Nice call mact.

Nice bear flag on the daily but the weekly is still trading in range. Once we close below 180 on the SPY then I will be grabbing the popcorn

[imserious]

What is going on with gold bugs HUI? I was going to put money there and got scared off.

It shot up 30% in a matter of days...

[DrFerry]

For those who have eyes to see and ears to hear.

http://x22report.com/wp-content/uplo...pisode_888.mp3

[mact3333]

we should be seeing 1780-1800 soon...not buying these fake rallies at all.

[mact3333]

Originally Posted by mact3333

we should be seeing 1780-1800 soon...not buying these fake rallies at all.

The crystal ball says....we shall pass below 1800 soon(1813 the low so far) and as noted before, finds short term support near 1780...counter trend rally to low 1800's to the underbelly of a very long term price channel, then the selloff will be vicious imho....rallies into underbellies is a very dangerous to be if your long.

As noted last week though, this weeks target is 1780-1800 by end of day tomorrow and I stick with that.

[dragonsi]

Originally Posted by mact3333

The crystal ball says....we shall pass below 1800 soon(1813 the low so far) and as noted before, finds short term support near 1780...counter trend rally to low 1800's to the underbelly of a very long term price channel, then the selloff will be vicious imho....rallies into underbellies is a very dangerous to be if your long.

As noted last week though, this weeks target is 1780-1800 by end of day tomorrow and I stick with that.

So pardon I'm a newbie, it's always hard trying to decipher stock speak but are you saying...

we are going to hit 1780, rally to low 1800's, and then experience another huge sell off (below 1780)? I'm just very beginning to start trading now, trying to figure out when/where to enter...

Thinking of going long on VW Stock, Solar City, Tesla... thoughts?

[ASBSECU E93]

Originally Posted by dragonsi

So pardon I'm a newbie, it's always hard trying to decipher stock speak but are you saying...

we are going to hit 1780, rally to low 1800's, and then experience another huge sell off (below 1780)? I'm just very beginning to start trading now, trying to figure out when/where to enter...

Thinking of going long on VW Stock, Solar City, Tesla... thoughts?

I think VW has not seen the bottom yet.

They will likely announce a buy-back on certain models, plus face extended class action litigation on newer models...

[mact3333]

Looks like I missed on the low point by 10 points, this push down will only get to 1810 and not 1780-1800 like I thought...after this counter push up is over(won't last too long), we will be making new lows soon enough.

[mact3333]

Originally Posted by dragonsi

So pardon I'm a newbie, it's always hard trying to decipher stock speak but are you saying...

we are going to hit 1780, rally to low 1800's, and then experience another huge sell off (below 1780)? I'm just very beginning to start trading now, trying to figure out when/where to enter...

Thinking of going long on VW Stock, Solar City, Tesla... thoughts?

Now what I tell you to do probably won't make a lot of sense and it certainly won't be fun, but if you want to make money, buy a inverse etf for SPX thats single leveraged and don't look at it for 6 months...this way, you have a 80% chance of making good money...but if you are the average human, you won't be able to do this....greed, pride, need for action won't typically allow this for the average human.

In the stock mkt, if you want to make money you have to do exactly opposite what your mind is tell you to do and that should make intuitive sense since 90% of active traders lose money...this should also tell you when human emotions and fears get involved, you are at a huge disadvantage. When a newbie actively trades, unless you are in a bull market where anyone can throw darts, you have a 90% chance of losing your money...jmho.

If you truly feel we are in a bear market, then take unleveraged core short positions you plan on holding for a long time and when you think we will see a counter-trend short or intermediate term bear rally, hedge you short positions with longs temporarily.

Now if you want to catch falling knives by buying things like VW, TSLA, etc...you will be brushing your teeth with your toes in the future!.....

There will be dozens of great stocks to buy when the bear mkt is over...for me I think there will be a ton of upside in TWTR when the selling is over...I would love to see TWTR crater down to 5-10.00 eventually and when the bear over, buy and hold that one...I have a weird feeling it will one day do well like FB behaved when it first started trading.

[John Tanglewood]

Originally Posted by DrFerry

Listen up and listen well. So many here with a naive paradigm.

http://x22report.com/wp-content/uplo...pisode_880.mp3

What is the jist of this? That we won't enter another recession?

mact3333 what's your take on TastyTrade and what they do with options? Do you have any knowledge of their Dough platform and whether it would be a viable tool if you want to be actively involved in trading puts and calls?

Thanks!

[ASBSECU E93]

@mact3333 or anyone for that matter....
Thoughts on UWTI?

[tc328]

Originally Posted by ASBSECU E93

@mact3333 or anyone for that matter....
Thoughts on UWTI?

UWTI is only for day trade as its a 3 X leverage, there's no "thoughts" about it.

You buy it if you think wti crude oil will go up for that day...not something you want to hold long term. If you think oil is going up...uwti, or if you think its going down...dwti

I wouldnt hold it more than two weeks. Buy it, make 5-20%...then sell it (uwti or dwti). Then repeat.

Now for oil, I think we already hit the bottom when it went to $26 a barrel (was it $26??). It should slowly go back to $40-60 as thats where it should be.

[mact3333]

Originally Posted by mact3333

Looks like I missed on the low point by 10 points, this push down will only get to 1810 and not 1780-1800 like I thought...after this counter push up is over(won't last too long), we will be making new lows soon enough.

Crystal ball says this now, we should sell off abit as we are over bought on VST basis but this will be very short lived...then we head up again to near 1950-70(I take off my long hedges at this point)...then the bear re-emerges and we see some strong selling again making new lows.

JMHO.

[Frozen]

Originally Posted by mact3333

Crystal ball says this now, we should sell off abit as we are over bought on VST basis but this will be very short lived...then we head up again to near 1950-70(I take off my long hedges at this point)...then the bear re-emerges and we see some strong selling again making new lows.

JMHO.

I disagree. I think we hit bottom and it's quite a ways up from here.

[mact3333]

Originally Posted by e90m305

I disagree. I think we hit bottom and it's quite a ways up from here.

Fair enough, you must think we are in secular bull still where I think tide has changed and we are in secular bear.

We shall see...

[mact3333]

Originally Posted by John Tanglewood

What is the jist of this? That we won't enter another recession?

mact3333 what's your take on TastyTrade and what they do with options? Do you have any knowledge of their Dough platform and whether it would be a viable tool if you want to be actively involved in trading puts and calls?

Thanks!

Sorry no knowledge of them whatsoever.

[Inspired]

Strong resistance up ahead at 195. Strong support is still holding strong at 180

[EstorilM]

Originally Posted by Inspired

Strong resistance up ahead at 195. Strong support is still holding strong at 180

Can you give me a 2 sec explanation of how you get those two blue limits? Or a subject to google. I am interested. Just getting starting with investing.

[Inspired]

Originally Posted by EstorilM

Can you give me a 2 sec explanation of how you get those two blue limits? Or a subject to google. I am interested. Just getting starting with investing.

http://www.investopedia.com/universi...hanalysis4.asp

Also google support, resistance, and trendlines

[EstorilM]

Originally Posted by Inspired

http://www.investopedia.com/universi...hanalysis4.asp

Also google support, resistance, and trendlines

Thank you!