The investment..speculation, out right gambling thread

Parent Cafe
2581

<p>Well, I think GE’s stock is down over 50 percent over the 5 years and a 3 percent div yield isn’t going to really cut it.</p>

<p>But if your mom is happy, that is good.</p>

<p>I don’t care about Fib. My opinion, I think it is bs.
But if you like it, that is fine.</p>

<p>I know the market is up 8 percent or so depending on the index you use, so I am not arguing that we are in a falling market.
Doesn’t change the fact that stock picking is easier in a rising market.</p>

2582

<p>In HI, most real estate has held its value & continued to rise, as it is a global market & folks from all over the world like the temperate climate we enjoy year round. It has always been challenging to make money on real estate here, but many have managed to through careful investments, trading up, etc. Developers and brokers can make a lot and/or go bankrupt. </p>

<p>It really depends on the individuals involved as to what folks are best suited to holding different types of investments. Long term holdings in real estate do tend to do pretty well in our state, though of course there are many exceptions. </p>

<p>Most of us aren’t sure what the future holds, as economies all over the world are having their challenges, including China, Japan, Europe and here in the US.</p>

2583

<p>BCEagle91. Do you really use Fib?</p>

2584

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<p>I use what works for me and I find Fibs to be a useful secondary indicator to provide price targets, support and resistance.</p>

<p>I think that it’s pretty obvious; but see if you can see it here:</p>

<p><a href=“ImageShack - Best place for all of your image hosting and image sharing needs”>ImageShack - Best place for all of your image hosting and image sharing needs;

2585

<p>Fib = Fibonacci?</p>

2586

<p>So you bought Goog at 560?</p>

<p>And at 595, was there supposed to be resistance?</p>

<p>Can you show me a chart of spx with Fib numbers?</p>

2587

<p>[Fibonacci</a> Retracements - ChartSchool - StockCharts.com](<a href=“http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:fibonacci_retracemen]Fibonacci”>Fibonacci Retracements [ChartSchool])</p>

2588

<p>A chart of spy would be good if spx is more difficult to find.</p>

<p>Forget spx, just spy.</p>

2589

<p><a href=“http://img822.imageshack.us/img822/5235/spxq.jpg[/url]”>http://img822.imageshack.us/img822/5235/spxq.jpg&lt;/a&gt;&lt;/p&gt;

<p>I don’t use Fibs to determine upside or downside targets (that’s a more aggressive approach). I mainly use them for retracement support and resistance lines (the three lines in the middle). I may start using them for upside or downside targets in the future though - on stocks that I really like or that I’m holding.</p>

<p>You can generate charts yourself at stockcharts.com. Generating Fib charts is pretty easy though you have to read the directions on how to do it. It’s all simple algebra.</p>

<p>In the good old days (so I hear), you had to call your broker to get analysis like this and I guess that was rolled into your commission costs. Generating charts by hand can be quite time-consuming.</p>

2590

<p>In the old days, traders would make their own charts, or they could buy charts.
There were traders thst had huge charts. One guy had multiple sheets of paper 3 ft by 5 ft on a wall. As the sheets filled up, He would add new sheets. He had most of a wall covered with charts.</p>

<p>He was a pretty smart guy. He went to Yale. In the summer 1982, I went to his office and saw his wall of charts. Lines drawn everywhere. Very impressive. And the trader explained to me why the stock market rally of 1982 was going to fail. This line meant failure.This formation meant failure.</p>

<p>I told the guy, “That is very interesting, but when I call my floor broker in NY before the opening and ask him what he sees, the broker tells me there is buying in everything. Then the trading starts on our option floor, and, there is buying in everything. I am going to trust the order flow over your lines.” :)</p>

<p>I ueed to get charts from the publisher of IBD. Those charts had 50 and 200 day moving averages on them.</p>

<p>Traders used services like Meta Stock to generate charts.</p>

<p>Now brokerage firms provide charts in real time, as you know. I don’t know if Fib lines are included.</p>

<p>I have a lot of problems with Fib, but you like it and that is what counts.</p>

<p>Thanks for the SPX chart with the Fib lines. I appreciate it.</p>

2591

<p>Fibs are simple and old. They are usually displayed in chart markup tools though. </p>

<p>If you go to stockcharts.com, you will see that they have a bunch of static indicators which you can include in your charts. Moving averages, oscillators, moneyflow, momentum indicators and lots of others. </p>

<p>They also have a tool where you can mark up charts. This is where you can draw trendlines, patterns, annotations, forks, time spacers, fibs and other things. The tools make it incredibly easy and this stuff is free. </p>

<p>You just have to know how to use the tools to find if they are useful or not.</p>

2592

<p>Ok, thanks…</p>

2593

<p>[Letters</a> to a Young Trader | Dynamic Hedge](<a href=“http://dynamichedge.com/2012/07/27/letters-to-a-young-trader/]Letters”>Letters to a Young Trader Dynamic Hedge)</p>

<p>I like this. Quite a bit of this. I could highlight most of the link…</p>

<p>I am going to highlight this…</p>

<p>"*On “making it”</p>

<p>…I don’t feel like I’m a greedy person.* I’m just looking for a way to consistently make $400-$500 per day to cover expenses and build my account slowly.* When do you think I will get to that level?</p>

<p>Never.* When trading is good, there nothing better in the world.* When it’s bad, it’s the worst.* The concept of “lunch bucket” trading is not realistic.* Trading is all about nirvana followed by crushing agony.* I
wish I was joking.* You avoid more disastrous situations and you feel it less as time goes on but it’s always there.* Most money is made during a couple of good months of the year and the rest of the time is spent avoiding murderholes."</p>

<p>I think there are better fields to go into and make a living than the
trading profession.</p>

2594

<p>I use freestockcharts dotcom. Pretty amazing charts for free. Here is a weekly SPX with fibonacci retracements. I like to be aware of them. As you can see, sometimes they work, sometimes they don’t.</p>

<p><a href=“http://content.screencast.com/users/MJTrading/folders/AAA%20nontrading%20screenshots/media/2b81b6dd-04f1-470f-b280-2223ad662aa3/2012-07-29_1542.png[/url]”>http://content.screencast.com/users/MJTrading/folders/AAA%20nontrading%20screenshots/media/2b81b6dd-04f1-470f-b280-2223ad662aa3/2012-07-29_1542.png&lt;/a&gt;&lt;/p&gt;

2595

<p>Njres, thanks. </p>

<p>I might download that when I get a pc. Doesn’t work on a tablet.</p>

2596

<p>so what is the investment plan this week with all those central bank meetings? Buy or sell?</p>

2597

<p>I am waiting for Germany to say something like the debtor nations in Euro land need to take their medicine…The recent rally will rollover real quick…</p>

2598

<p>Apple Fibs provided nice targets on the earnings miss.</p>

<p><a href=“http://img256.imageshack.us/img256/6263/aaplm.jpg[/url]”>http://img256.imageshack.us/img256/6263/aaplm.jpg&lt;/a&gt;&lt;/p&gt;

2599

<p>So at 597.75, sell or buy for Aapl?</p>

2600

<p>That’s resistance. I saw AAPL run up this morning to that area and wondered why it stopped there and pulled back. Then I pulled up the fib chart. I’m sure that you know how to play support and resistance lines - basically short with a stop or sell if you’re long there the first time. If it breaks through, then look for long plays - play the break.</p>

<p>I have a strong inclination to get to at least 50% cash sometime in August. If there isn’t significant improvement in the markets/economy (central bankers, governments, employment, weather, etc.) then I feel that things are bleak for September and/or October.</p>