| StockFetcher Forums · General Discussion · Intraday Trend Watch: S&P 500 | << 1 ... 14 15 16 17 18 ... 30 >>Post Follow-up |
| karennma 8,057 posts msg #62069 - Ignore karennma |
5/2/2008 12:31:34 PM well then, I don't know what the crap is on yahoo finance. |
| nikoschopen 2,824 posts msg #62074 - Ignore nikoschopen |
5/2/2008 1:58:44 PM So much for relying on free quotes. **wink wink** At any rate, there are many ways to minimize ure losses. Obviously, the best way to cut ure losses is to sell the loser outright. But if ure a proud member from the land of the timid (no offense meant), then you can hedge ure position by either buying the option or, should you have enough capital, pair-trade. Both of these strategies have their pros and cons. Whereas options only require a small premium (depending on the contract size), pair-trading requires a substantial sum of money. However, with pair-trading, you need not worry about losing the premium due to time decay as you would with options. |
| karennma 8,057 posts msg #62078 - Ignore karennma |
5/2/2008 2:53:51 PM you're right about the options .... I realize I should've hedged such a huge bet with options, but my ARROGANCE prevented me from doing so. I was so "sure" of what I was doing. I had a cruise planned and everything. This is how I lose money .. overconfidence, hubris. Three weeks ago, I was on top of the world. Now I feel like the dumbest person in the world. :>( |
| karennma 8,057 posts msg #62117 - Ignore karennma |
5/3/2008 8:03:07 PM johnpaulca - johnpaulca 5/2/2008 10:59:38 AM I don't think it will stay under 20 for much longer. ==================================================== Regarding the $VIX It's @ 18 now. The lowest it's been in the last ten years was 10. That was January '07. In that case, the DOW could rally to 15,000. |
| karennma 8,057 posts msg #62118 - Ignore karennma |
5/3/2008 9:34:18 PM I HOPE your suspicions are correct. Maybe we'll get a reversal soon. Like Monday! From SF home page: Candlesticks: Dark Cloud - 300 Dark Cloud Cover - 683 Come on dark clouds! |
| johnpaulca 12,036 posts msg #62119 - Ignore johnpaulca |
5/4/2008 12:58:05 AM Amateur-Investors: The 2 Period Relative Strength Index (RSI). This was the 3rd week in a row the 2 Period RSI has closed below the 20 level (point D). The last time the VIX closed three weeks in a row below the 20 level was in October of 2007 (point E) right before a correction developed (points F to G). Thus this is one reason I believe the major averages are nearing a short term top although they may still have one more up week before a correction develops. 
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| nikoschopen 2,824 posts msg #62120 - Ignore nikoschopen |
5/4/2008 2:01:19 AM JP, Nice analysis. Although I don't follow VIX personally, it's a convincing argument nonetheless. Another reason for a reversal is that $SPX is nearing its 200-day moving average, which will be fought tooth and nail by the bears. This would be like ure wrestlemania cage of death match. Karen, we haven't even gone through a capitulation process. If you revisit every one of them bear markets in the past, you'll notice a period of long drawn-out capitulation before it was able to pick its ass up. I haven't seen that yet, have you? |
| karennma 8,057 posts msg #62123 - Ignore karennma |
5/4/2008 8:45:07 AM johnpaulca johnpaulca 5/4/2008 12:58:05 AM Amateur-Investors: ================================================ "Amateur-Investors"...??? Thanks, John. I guess you HAD to put that there .. to make me feel better? It must be very gratifying for "pros" like you to kick a gal in the face when she's already down. I'd already learned my lesson, but thanks for the reinforcement. |
| johnpaulca 12,036 posts msg #62124 - Ignore johnpaulca modified |
5/4/2008 11:10:01 AM Karennma: "Amateur-Investors" is the name of a newsletter...I don't judge people because we "all" make trades we are not so proud of...you will get your groove back...cheers. P.S. I am no pro, just a student of the market. |
| nikoschopen 2,824 posts msg #62126 - Ignore nikoschopen |
5/4/2008 3:17:41 PM JP, To minimize any useless misunderstanding, you should quote ure source in the following format, preferably with a hyperlink: (Source: Amateur Investor) |
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