[E92TTKING]

Originally Posted by AngelinIsRich08

Yea, my SLV ETF is up 4% today.

Hey I have been gone for a while.
How are you doing with silver? I cant remember but how much you were down but I was around 25k. Now im only 9 or 10k I think.

Good thing we held in there haha!~

[AngelinIsRich08]

Originally Posted by greek335xi

Hey I have been gone for a while.
How are you doing with silver? I cant remember but how much you were down but I was around 25k. Now im only 9 or 10k I think.

Good thing we held in there haha!~

I've almost broken even. I first bought in at $42 and then at $39. So a couple more dimes in SLV value increases and I'll be solid!

[mact3333]

Originally Posted by mact3333

I have this weird feeling after SPX does obligatory snap back rally to 1263 we then tank....

1. SPX high 1260....tank...classic backtest of major trendline violated and tank.

2. AGQ rec'd at 160...now 235(+75).

[AngelinIsRich08]

OXY......... What's up with them? Down $18 since I bought em. Lol this blows. Not even my SPXU buying and selling binges can recuperate the losses. But they'll go up significantly when the markets go back up.

[AngelinIsRich08]

What a murder on wall street. And once again I sold SPXU too early thinking the markets would stabilize.

[mact3333]

Originally Posted by AngelinIsRich08

Why? I unfortunately have this feeling too.... I did buy SPXU and Sdow this morning though and I added to my SLV position.

why, did you look at the chart I posted 2 days ago???...your answer right there staring you in da face....

[ES_TRADER]

whos takin donations today??

[mact3333]

Trailing stops hit on AGQ at 225...protecting profits there....we should see relief rally for awhile to relieve the selling pressure/exhaustion....we will make lower high and selling resumes.

Mkt's didnt hold 1250 which was crucial...mkts to new high by end of yr theory in seriously jeopardy now...we are now in confirmed downtrend on ST, IT, LT basis now for first time since 09'.

[mact3333]

Lower trendline that has held since 3/09 broken now.

[ES_TRADER]

Originally Posted by mact3333

Lower trendline that has held since 3/09 broken now.

on the money...i expect a pullback, now that the TL has been breached, to a LH or HH now to exit longs and enter shorts

[ES_TRADER]

only way id get bullish is a close above 1275 on the week...so that we maintain that TL...but at this point, the chances of that are pretty dire....JOBS rept could possibly be a catalyst BUT that number would have to be Killer

[mact3333]

Originally Posted by richpuer

only way id get bullish is a close above 1275 on the week...so that we maintain that TL...but at this point, the chances of that are pretty dire....JOBS rept could possibly be a catalyst BUT that number would have to be Killer

agree.

[Fantom555]

Angelin....other than this week....do you often play the SPXU or SDOW? When you do play it, what are you looking for that morning or at prev close as deciding factor?

[xtac]

I'm glad fidelity didn't allow me access to my transfer last week

[bolinp78]

Buying Spreeeeeeeeeeeeeeeeeeeeeeeeeee

[AngelinIsRich08]

Originally Posted by Fantom555

Angelin....other than this week....do you often play the SPXU or SDOW? When you do play it, what are you looking for that morning or at prev close as deciding factor?

I've been trading it for over a month now. I usually buy them on poor economic expectations and whenever there is a downtrend. I sold SPXU at $18.80 this morning but the markets didn't stabilize so I didn't buy it again as I planned. I'll buy it again right now because the unemployment numbers from July will come out tomorrow and they'll be down so the markets will react negatively. I expect the S

[wren57]

Picked up ERX today. Energy consumption isn't going down anytime soon, and supply isn't rising rapidly. Plus QE3 is coming so...

[AngelinIsRich08]

Sheesh, pussy investors backed off of SLV right as I broke even causing SLV to fall to $37, or down 7%.

[mact3333]

when the VIX(up 25% today!) is in play, it is what will seperate the men from boys...throwing darts wont work during bears...your nerves will be tested...there is a sale on depends on aisle 5.

stock mkt thread II did or did not call for tankage after obligatory rally to 1260ish SPX yest??

We shall soon see a short term relief rally to work off overbought conditions....give the bulls a chance to pick up their rectum linings off of the sidewalk.

Just screwin with ya guys, your guess as good as mine.

[AngelinIsRich08]

If we see a rally it'll be because of everyone loading up on the great deals laying around. Will markets be down even more tomorrow? Not 4% but 1 or 2%? I'm wondering if I should buy SPXU or SRTY again. SPXU is so high... $19.61. It was $17.43 at yesterday's close. Lol. I sold at $18.80 this morning. Agh blow me and my conservative ass. I predict they'll be down again tomorrow because of the 9.2% unemployment of July.

[mact3333]

so, do you think the avg Joe while at work has any idea that the mkt is tanking???...prob not...so why all the selling?...is SKYNET calling the shots?......just remember, flash crash can happen anytime cause the black boxes will see everything if they think they can make a penny off if ya....they dont care...if your stock goes to 0 you wont get reimbursed but if your Warren Buffet u will get your trades/losses reversed....

[cotmfk]

DOW down more than 500 points!!!