Could you analyze this chart for me?

scottwww · 04-23-2009, 05:50 PM

I was told that this type of formation is called a saucer. I see 3 1/2 of them in this picture. Am I right?

Would you say six weeks to come down the other side?

rebeltraders

solefald · 04-23-2009, 06:55 PM

hey, what's up scott? haven't seen you for a minute...

that chart... must be obama's fault...

blue-coupe · 04-23-2009, 07:13 PM

As tempting as it is, I never trust technical analysis.

Blake · 04-23-2009, 07:16 PM

Quote:

Originally Posted by solefald

that chart... must be obama's fault...

that's what i heard

cougfan335 · 04-23-2009, 08:07 PM

Looks like more of the downward spiral to me. Did a quick check and sounds pretty solid. Might be a great bargain hunter buy. I am not analyzing the stmts of anything but if their air bubbles do their scrubbing effectively sounds like a great roll of the dice. I'm not sure how well analytics are workign these days with most market moves being based entirely on that days news. To sum up -=profit taking +=bargain hunting (save you a little time watching CNBC).

scottwww · 04-23-2009, 09:13 PM

Quote:

Originally Posted by solefald

hey, what's up scott? haven't seen you for a minute...

that chart... must be obama's fault...

It's a lot of people's fault. I couldn't lay the blame on one person. But I am just trading from home these days. No other day job. It's working out pretty well so far.

I am short the S&P 500 with SDS right now. I'll go long with SSO when the timing seems right.

And you?

scottwww · 04-23-2009, 09:15 PM

Quote:

Originally Posted by cougfan335

Looks like more of the downward spiral to me. Did a quick check and sounds pretty solid. Might be a great bargain hunter buy. I am not analyzing the stmts of anything but if their air bubbles do their scrubbing effectively sounds like a great roll of the dice. I'm not sure how well analytics are workign these days with most market moves being based entirely on that days news. To sum up -=profit taking +=bargain hunting (save you a little time watching CNBC).

Looks kinda like Mt. Rushmore to me. But look at bubble forming on the right up to today. Looks like it busts soon. But there are other ways to see it.

JoosyJoos · 04-23-2009, 10:09 PM

Technical analysis is pretty pointless if you believe in the efficient market hypothesis at all. I can't help you with it since I don't believe technical analysis is good for anything. Nice to see someone bringing up some finance topics though lol.

Heinzftw · 04-24-2009, 03:13 AM

GDP is on it's way down?

haha funny chart

scottwww · 04-25-2009, 02:18 AM

Please comment about this chart comparison. I have superimposed one chart onto another to make it easier to copare them. I am not a technical analyst or I might not be asking for an interpretation.

I know what I think it means is that what is to come in the one could very likely be similar to what already happened in the other (not shown on this chart).

scottwww · 04-25-2009, 02:25 AM

One more chart for the S&P 500 action as of today's close. This is a weekly chart.

scottwww · 04-25-2009, 02:44 AM

http://

scottwww · 04-25-2009, 11:43 AM

Anyone in for the new government sponsored 101K? It replaces your existing 201K which replaced your 401K last year.

scottwww · 04-25-2009, 10:09 PM

link

Insiders Selling Like Crazy

Joe Weisenthal|Apr. 25, 2009, 8:07 AM|

12

Tags: Investing,
Stock Market

We're not convinced that insiders are really the smart money everyone assumes them to be. But either way, they're sending one message: head for the door! Rather than take advantage of stock prices that are still at historically low valuations, insiders are taking advantage of the aggressive run up in stocks and cashing out.

Bloomberg: Insiders from New York Stock Exchange-listed companies sold $8.32 worth of stock for every dollar bought in the first three weeks of April, according to Washington Service, which analyzes stock transactions of corporate insiders for more than 500 institutional clients.

That’s the fastest rate of selling since October 2007, when U.S. stocks peaked and the 17-month bear market that wiped out more than half the market value of U.S. companies began. The $42.5 million in insider purchases through April 20 would represent the smallest amount for a full month since July 1992, data going back more than 20 years show. That drop preceded a 2.4 percent slide in the S&P 500 in August 1992.

scottwww · 04-26-2009, 12:49 AM

ideliver · 04-27-2009, 01:03 AM

yeah this ones worse...and getting worser (or so says my 5 year old)

scottwww · 05-02-2009, 10:48 PM

I think we may be seeing a repeating pattern that could give an indicator of where the next few days may go in the market.

scottwww · 05-04-2009, 11:05 PM

I did a little looking at S&P 500 historical data. It looks like of the 29 days since July 2006 that there was a gain of at least 3%, the next day was a losing day 19 times.

The ten dates that had another gain following the day of a 3% gain on the S&P 500 were 9/18/08, 11/21/08, 11/24/08, 11/26/08, 12/2/08, 12/5/08, 3/10/09, 3/12/09, 3/17/09 and 4/9/09.

It looks like of the 29 days that had at least a 3% increase in S&P 500 index since July 2006, only 5 of those gains were stilll intact one week later. The other 24 were lower than the close of the day that saw at least the 3% gain. All five of those were just a little more.

The dates that had at least 3% gain and were actually higher than the close one week later were 12/2/08, 12/3/08, 3/10/09, 3/12/09, and 3/17/09. I think the market is not quite so oversold as it was those dates.

Isn't it fair to say that all those dates were at a time when we were following a sharp down move? Like it was on the bounce?

And 17 of the 29 times, just one week later the S&P 500 index actually closed lower than the close on the day of the 3% gain.

scottwww · 05-14-2009, 10:01 PM

Does anybody think the stock market isn't going to take a leg down?

04-23-2009, 05:50 PM	#1
scottwww Brigadier General 547 Rep 4,760 Posts Drives: 07 BMW 335i, 15 Infiniti Q60S Join Date: Dec 2006 Location: USA iTrader: (0)	Could you analyze this chart for me? I was told that this type of formation is called a saucer. I see 3 1/2 of them in this picture. Am I right? Would you say six weeks to come down the other side? rebeltraders Attached Images __________________ 2007 BMW 335i E92, Montego Blue on Cream Beige, MT, ZSP, ZPP, CA, PDC, CWP and Style 188 for winter Last edited by scottwww; 04-25-2009 at 02:38 AM..
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04-23-2009, 06:55 PM	#2
solefald Nigerian Prince 396 Rep 2,180 Posts Drives: '11 F25 Join Date: Apr 2008 Location: San Diego, CA iTrader: (2) Garage List '11 BMW F25 [0.00]	hey, what's up scott? haven't seen you for a minute... that chart... must be obama's fault... __________________ http://soundcloud.com/djtchort
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04-23-2009, 07:13 PM	#3
blue-coupe Second Lieutenant 118 Rep 253 Posts Drives: 1999 Z3 Coupe Join Date: May 2008 Location: Dallas TX iTrader: (0)	As tempting as it is, I never trust technical analysis.
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04-23-2009, 08:07 PM	#5
cougfan335 First Lieutenant 10 Rep 326 Posts Drives: 335i Coupe MT, Montego/Saddle Join Date: Mar 2007 Location: Reno, NV iTrader: (6)	Looks like more of the downward spiral to me. Did a quick check and sounds pretty solid. Might be a great bargain hunter buy. I am not analyzing the stmts of anything but if their air bubbles do their scrubbing effectively sounds like a great roll of the dice. I'm not sure how well analytics are workign these days with most market moves being based entirely on that days news. To sum up -=profit taking +=bargain hunting (save you a little time watching CNBC). __________________ e92 335i: Montego, Saddle Brown, Burl Walnut, MT, Sport, Prem, CW, PDC, Rear Shade. Mods: JB4, BMS Dual Intake, Cyba Scoops, Beyern Mesh Chrome 19" wheels, 15% F1 tint, LeatherZ weighted shift knob, body color reflectors, Matte black grill with Montego surround, middle lower grill removed, left and right lower grills painted black.
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04-23-2009, 10:09 PM	#8
JoosyJoos Major 116 Rep 1,347 Posts Drives: 2011 335d Join Date: Apr 2007 Location: Atlanta, GA iTrader: (1) Garage List 2008 BMW 335i [0.00]	Technical analysis is pretty pointless if you believe in the efficient market hypothesis at all. I can't help you with it since I don't believe technical analysis is good for anything. Nice to see someone bringing up some finance topics though lol. __________________ 1997 M3 Coupe - BMWCCA I-Prepared #22 2006 M Roadster - 23,000 miles and slowly counting
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04-25-2009, 02:18 AM	#10
scottwww Brigadier General 547 Rep 4,760 Posts Drives: 07 BMW 335i, 15 Infiniti Q60S Join Date: Dec 2006 Location: USA iTrader: (0)	October 13, 2007 and April 24, 2009 are the end dates Please comment about this chart comparison. I have superimposed one chart onto another to make it easier to copare them. I am not a technical analyst or I might not be asking for an interpretation. I know what I think it means is that what is to come in the one could very likely be similar to what already happened in the other (not shown on this chart). Attached Images __________________ 2007 BMW 335i E92, Montego Blue on Cream Beige, MT, ZSP, ZPP, CA, PDC, CWP and Style 188 for winter Last edited by scottwww; 04-25-2009 at 03:11 PM..
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04-25-2009, 02:25 AM	#11
scottwww Brigadier General 547 Rep 4,760 Posts Drives: 07 BMW 335i, 15 Infiniti Q60S Join Date: Dec 2006 Location: USA iTrader: (0)	One more chart for the S&P 500 action as of today's close. This is a weekly chart. Attached Images __________________ 2007 BMW 335i E92, Montego Blue on Cream Beige, MT, ZSP, ZPP, CA, PDC, CWP and Style 188 for winter
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04-25-2009, 02:44 AM	#12
scottwww Brigadier General 547 Rep 4,760 Posts Drives: 07 BMW 335i, 15 Infiniti Q60S Join Date: Dec 2006 Location: USA iTrader: (0)	http://
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04-25-2009, 11:43 AM	#13
scottwww Brigadier General 547 Rep 4,760 Posts Drives: 07 BMW 335i, 15 Infiniti Q60S Join Date: Dec 2006 Location: USA iTrader: (0)	Anyone in for the new government sponsored 101K? It replaces your existing 201K which replaced your 401K last year.
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04-25-2009, 10:09 PM	#14
scottwww Brigadier General 547 Rep 4,760 Posts Drives: 07 BMW 335i, 15 Infiniti Q60S Join Date: Dec 2006 Location: USA iTrader: (0)	link Insiders Selling Like Crazy Joe Weisenthal\|Apr. 25, 2009, 8:07 AM\|12 Tags: Investing, Stock Market We're not convinced that insiders are really the smart money everyone assumes them to be. But either way, they're sending one message: head for the door! Rather than take advantage of stock prices that are still at historically low valuations, insiders are taking advantage of the aggressive run up in stocks and cashing out. Bloomberg: Insiders from New York Stock Exchange-listed companies sold $8.32 worth of stock for every dollar bought in the first three weeks of April, according to Washington Service, which analyzes stock transactions of corporate insiders for more than 500 institutional clients. That’s the fastest rate of selling since October 2007, when U.S. stocks peaked and the 17-month bear market that wiped out more than half the market value of U.S. companies began. The $42.5 million in insider purchases through April 20 would represent the smallest amount for a full month since July 1992, data going back more than 20 years show. That drop preceded a 2.4 percent slide in the S&P 500 in August 1992.
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04-26-2009, 12:49 AM	#15
scottwww Brigadier General 547 Rep 4,760 Posts Drives: 07 BMW 335i, 15 Infiniti Q60S Join Date: Dec 2006 Location: USA iTrader: (0)
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04-27-2009, 01:03 AM	#16
ideliver Major 246 Rep 1,247 Posts Drives: E60 M5, E71 X6M, E46 M3 Join Date: Feb 2008 Location: At the gas station iTrader: (0) Garage List 2006 BMW E46 M3 'vert [0.00] 2008 BMW M5 [0.00] 2011 BMW E92 [0.00] 2012 BMW X6M [0.00] 2003 E46 M3 [0.00]	yeah this ones worse...and getting worser (or so says my 5 year old) __________________ Current: 2006 E46 M3 'vert 6-sp 2008 E60 M5, 2011 E92 328 6-sp, 2011 E70 N55, 2012 E71 X6M
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05-02-2009, 10:48 PM	#17
scottwww Brigadier General 547 Rep 4,760 Posts Drives: 07 BMW 335i, 15 Infiniti Q60S Join Date: Dec 2006 Location: USA iTrader: (0)	I think we may be seeing a repeating pattern that could give an indicator of where the next few days may go in the market.
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05-04-2009, 11:05 PM	#18
scottwww Brigadier General 547 Rep 4,760 Posts Drives: 07 BMW 335i, 15 Infiniti Q60S Join Date: Dec 2006 Location: USA iTrader: (0)	I did a little looking at S&P 500 historical data. It looks like of the 29 days since July 2006 that there was a gain of at least 3%, the next day was a losing day 19 times. The ten dates that had another gain following the day of a 3% gain on the S&P 500 were 9/18/08, 11/21/08, 11/24/08, 11/26/08, 12/2/08, 12/5/08, 3/10/09, 3/12/09, 3/17/09 and 4/9/09. It looks like of the 29 days that had at least a 3% increase in S&P 500 index since July 2006, only 5 of those gains were stilll intact one week later. The other 24 were lower than the close of the day that saw at least the 3% gain. All five of those were just a little more. The dates that had at least 3% gain and were actually higher than the close one week later were 12/2/08, 12/3/08, 3/10/09, 3/12/09, and 3/17/09. I think the market is not quite so oversold as it was those dates. Isn't it fair to say that all those dates were at a time when we were following a sharp down move? Like it was on the bounce? And 17 of the 29 times, just one week later the S&P 500 index actually closed lower than the close on the day of the 3% gain. __________________ 2007 BMW 335i E92, Montego Blue on Cream Beige, MT, ZSP, ZPP, CA, PDC, CWP and Style 188 for winter
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05-14-2009, 10:01 PM	#19
scottwww Brigadier General 547 Rep 4,760 Posts Drives: 07 BMW 335i, 15 Infiniti Q60S Join Date: Dec 2006 Location: USA iTrader: (0)	Does anybody think the stock market isn't going to take a leg down?
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