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Everything posted by frmthefuture

  1. QUOTE (veeone @ Saturday 06/12/08 09:31am) While the candles remain green then the ST momentum and trend is up, so there is still a good chance to see this one test $2.85 or higher, I am not sure when this ST up move will end, i do know that once the candles reverse back to red then you would probably want to be looking to sell those longs or take a new short posistion like i plan on doing at some point http://www.sharescene.com/html/emoticons/smile.gif Either way it is looking good ATM to see more upside according to my chart, the DOW spike yesterday should help keep this ST momentum going for now!
  2. PDN is still holding that ST up trend for now on my chart, its back above that channel resistance after the close today, if she can hold this current ST path then we could see it still test $2.85, it would be good to see the DOW spike up tonight, should give it a nice push along, but who knows with the US! If this current channel break fails then it will be back to $1.90 we go, either way i am looking to short some more of this stock if it can move up a little, close to that resistance would be good or when my charts tell me this stock is turning down again, so far the ST momentum is still heading up ATM, nice to see it close higher than its open price and end the day flat, with the US down almost 300 points.!
  3. QUOTE (flower @ Thursday 04/12/08 08:42pm) This post is for watchmaker, posted it under the wrong person http://www.sharescene.com/html/emoticons/smile.gif lol we are here to make money, we are not here to fall in love with companies, buy a stock and hold it forever on a asumption that they will never fall in value, that is just pie in the sky stuff. The market is a place to make money, some like the LT and some like me like the ST gamble. Whether you are a short term trader or long long term investor makes no difference, its all a gamble in the end, however some like me gamble with low risk, like have stops, money managment, entry and exit rules and some out there buy something and have no idea why, but worst of all they have no clue where to sell. That sounds like an investor to me, its the investor who is taking the bigger gamble not the short term trader, time for people to get out of la la land and realise that the stock market is one giant casino, how you play the odds is up to you and i play to win both short and long!
  4. QUOTE (arty @ Thursday 04/12/08 07:30pm) yeah what a waste of time the short ban was, it is funny that the short bashers continue to blame us for the falling of stock prices, even though the XJO still dropped 30 odd percent while the ban was in place, i guess they only see what they want to, not to forget the declines we also had had in other world indicies of 30% or more. http://www.sharescene.com/html/emoticons/smile.gif
  5. QUOTE (arty @ Thursday 04/12/08 06:42pm) The problem with these market regulators such as ASIC the more they do the worse they make it, if they just did nothing at all, lets the covered and naked shorts do there job in the first place, allowed the market forces to work the way it was intended to, then pretty much we would not be in the current mess. The short ban acctually caused the market to fall more than it otherwise would have, it created instablility, removed liquidity and buyers, destroyed market sentiment, now most people have lost all confidence in the market and the market regulators, the damage has all ready been done. The same goes for the US governemt, the more they try to do the worse everything gets, it is amazing how these fools think that they can interfer with the natural workings of the market to make things better, no wonder the world is going down the drain. How hard is it to understand that all they had to do was nothing nothing at all, we would not be in the mess, yet they continue to stick there noses where it does not belong http://www.sharescene.com/html/emoticons/smile.gif
  6. frmthefuture


    Chart wise the stock looks pretty much gone, would not buy this with a ten foot barge poll ATM unless you are a risk taker, i however are not when it come to trading. It looks like it will test 9c on the weekly chart, if that fails then back to 3.5c, but you would think if it was going back to those levels then its probably finished. I am not long or short, but would much prefer to see a ST rally so i could short some before its next leg down, good luck to those that are still brave enough to hold http://www.sharescene.com/html/emoticons/smile.gif
  7. QUOTE (disco stu @ Thursday 04/12/08 04:49pm) The world is heading to the new era of hyper inflation not to forget that toilet paper will be worth more than the US dollar! AS for the XJO my current target is still 2700 and the DOW 7000 for now, but dont be suprised to see the XJO testing 1800 or lower and the DOW 4000 or lower, when you take that in to count the crash has not even begun yet! http://www.sharescene.com/html/emoticons/smile.gif Just keep those shorts going, its going to be one long winding downward spiral that will eventually make the 1929 stock market crash look like a picnic in comparison to now, all i see a head for this market is one deep dark hole that leads to nowhere!!
  8. frmthefuture


    QUOTE (wolverine @ Wednesday 26/11/08 07:50pm) Yeah right they cant even predict where something is going in the short to medium term, yet we are all mean't to believe that they have the power to see 5 years into the future and can tell us that OSH will hit $7.21,that was the funniest thing i have ever read! You would hope that no one acctually takes them seriously, no wonder i hate brokers, anyhow i enjoyed that laugh, can you get some more of there 5 year projections http://www.sharescene.com/html/emoticons/smile.gif
  9. frmthefuture


    According to my current daily chart this stock is about to get smashed hard, once it breaks back below 48.5c then you should see it head towards that ST support at 25c or lower, the question i ask i wonder if this stock will even survive for it to hit 25c, the chart certainly paints a very ordinary destiny for this stock. Well i said it was a good short between 60 and 70c the other day, it tested a little over 60c but could not not hold that ST uptrend and has continued on its merry way in the LT downtrend, i would be shorting it hard around this level if you missed shorting it around the the 60c level the other day, because once it breaks down breaks through that 48.5c support, it will be game over according to my charts! So one would really hope that 48.5c support holds on this stock, if it does well could see a little ST legs up, if not then you know the outcome, lets wait and see, i personally feel this stock will soon drop really hard through support overall!
  10. frmthefuture


    QUOTE (cranswick @ Wednesday 03/12/08 01:17pm) I would not pay to much attention to the directors buying, for example go back at look at the directors buying ABS , BNB, CNP etc they were also buying near there highs on some cases and look were they are now, the directors might think something is a good buy, however no matter what they think or how much they buy, will not change the outcome of the overall market sentiment. You can find that directors just like brokers get it wrong more times than right, however when the market says MMX has reached the bottom the chart will tell us, not the directors buying shares or not how many brokers tell us it will rise, because so far those brokers have been calling this wrong while i have been calling this right!
  11. QUOTE (veeone @ Wednesday 03/12/08 12:54pm) The reason why i have not gone long, like i said that is the TA in the ST in regards to this stock, however it is still in a long long long downtrend, i like to trade my ST in the same direction as my LT. All i am saying is the there in a potential for the stock to test $2.85 while the ST is up. The reason i will sit on the sidelines and wait for a shorting opportunity before i trade this one again, i just think the risks far outweighs the rewards, the reason why i wont be buying PDN, however while the momentum is building to the upside those that are long might see this one test those upper resistance levels and who knows how much higher..! I still think overall the stock will test much lower levels than it is now, of course if this stock has seen the bottom them it won't, but i will wait until my LT turns bullish before i jump back in on the long side, if that mean i miss buying the bottom then so be it. I would rather miss the bottom or top and wait until the overall trend tells me to get on. that is just me however, there are those that like to bottom and top fish each to out own!
  12. QUOTE (arty @ Monday 01/12/08 11:23am) Hi. PDN is looking bullish in the ST, it looks like there is a good chance that it may test that upper resistance around $2.85, PDN looks like it may be getting ready for a counter trend move in the ST up in the overall LT downtrend. It is not really something i would be going long on because it goes against my TA, buying something for a potential ST gain while the overall trend is still down, i much prefer to trade ST with in the LT trend both in the same direction, however the momemtum at this stage is certainly turend some what bullish. I will wait until i see this the ST trend reverse back down at which i will look to short again, see what happens http://www.sharescene.com/html/emoticons/smile.gif
  13. DOW down 700, that is my point about buying something in LT downtrend, yes sometimes you can be lucky and catch the ST swings up, however overall its much safer to be shorting the ST rallies in a LT downtrend, rather than buying the ST rallies in a LT downtrend.
  14. In reply to: Brendan on Monday 01/12/08 03:54pm My system is just fine, dont tell me how to trade, i have been trading for a long time now, i have dozens of different trading systems, based on ST, MT, LT my strike rate on PDN is around 80% win and 20% loss, i have risk and rewards and money management in place before i enter a trade. I have dozens of different trading systems and time frames i use on many stocks, Like i said my last trade on PDN netted me around 60% profit on the short side, the loss this time does not come close to that profit. Dont talk to me about moving averages, my systems are a little more complex than just going long or short on a crossing of some MA. I dont follow anyone, i use my own systems, as for Arty yes he is good at TA also, however he also does not get them all right, this time so far his call on PDN has proven to be corect and mine wrong, but many of my previous PDN calls were spot on and as such made some good money. I think you need to stop going on about just this trade, this is just one example, there are many more PDN ones not to forget all my other corect calls that were right on the money, like Arty said sometimes you get it right and sometimes not, this time so far i was wrong, the last one right!
  15. In reply to: arty on Monday 01/12/08 11:23am good work http://www.sharescene.com/html/emoticons/smile.gif
  16. QUOTE (Brendan @ Monday 01/12/08 12:13pm) what are you going on about. I still think PDN will eventually fall back towards $1.50 no change there, ok all the stock is doing is having a ST relief rally in the LT downtrend, so all i have done was be a little off in my timing shorting the stock. Nothing more, i have traded this stock many times on the short side and long side for that matter and have made some really good money, sometimes when sentiment reverses in the ST even though it is still in a major downtrend it can be hard to pick the ST peak before it heads lower, this current short signal i got for this stock was a false one, however for example the previous one before that netted me around 60% profit overall, so this time i lost far less than i made on my previous short and i am still up a lot of profit overall. Not everytime does a stock go the way it is supposed to in accordance to the my charts, however my win strike rate on PDN is far better than my losses, so how about give it a rest, before you poke holes in one of my losing trades how about you mention all the other winners, but i guess that is to hard to do, its much better finding fault on the losers hey. Anyhow i plan on shorting more PDN once i see this ST rally end!
  17. In reply to: arty on Sunday 30/11/08 11:52am Yes you were right and I wrong this time, congrats. Like i said in the other posts, one of us would be right, i hoped it was me, but it was you. With the up break today she could be heading back to $2.85 resistance. I have not bought it goes against my trading rules buying something in a strong downtrend, however if it is the bottom then up she goes, Hope you went long the open, well done for now!
  18. QUOTE (arty @ Sunday 30/11/08 11:52am) yeah well beauty is in the eye of the beholder, so you think it looks pretty on the chart, i think it looks ugly, my target overall is 46c, your target is higher, see what happens, either way one of us will be right, just hope it is me. I plan on shorting more Monday, I really think PDN will be under $2 probably buy the end of the week and if you right over $2,50 buy the same time, it's monthly chart pattern is very bearish, any move up will be ST and is just a counter move in the LT downtrend, pretty much like you charts shows, but i feel that ST rally you are talking about on the chart, is about end or has all ready, i just can not see it going up more, the counter trend moves in a downtrend are a chance to short into not buy if you ask me. But like you say, no one gets it right all the time and maybe this time you will be corect and i will be wrong, however i see it heading lower. If you are lucky to pick the ST longs while it continues down then good luck, if it is the bottom then up she goes, but i just can not see that just yet, i prefer to short the rallies and follow the LT downtrend. Chart wise this stock looks doomed, this could fall to $1.50 very quick, in a blink of an eye!
  19. frmthefuture


    nice ST rally, was hoping that would happen, was looking a little oversold in a ST, i would like to see the stock closer to 70c and if that can happen i plan on shorting some more, so just a little more to go up then i go short! 70c to 25c would do me just fine!
  20. frmthefuture


    Just looked at the chart, looks like the perfect short trade according to my charts, ST, MT, LT trends are all down, the stock is having a relief rally within the bigger downtrend piture, that is the perfect short pattern on the chart. Pretty much around the current price would be a good shorting opp, either way i can see this one testing $3 again once we get that momentun buliding to the downside again!
  21. We have a nice dead cat underway, good time to be entering some new shorts or time to sell those longs according to my charts, next leg down will see the XJO at 2700 or lower!
  22. 46c is still my short target. I acctually took a very large short posistion on PDN on friday, shorted at $2.35. Expect this ST rally to end soon and you watch how fast it tanks, it will be back under $2 in no time at all and continue its decent overall back to 46c!
  23. Yes i am still in my shorts, happy to keep holding as BHP is still in a ST, MT, LT downtrend, yes it was oversold and having a ST sucker rally only. If it can go from $24 to $31 in a strong bear market downtrend, it can equally go from around the current price back to $15 much faster. It can be hard to pick the exact ST top, but overall i am happy with my shorts on this stock and expect to see BHP do a 10% drop any day now and then continue its way back to $15 or lower, rather than trying to pick the exact cent it drops, just get set at the current level short and wait for the next big leg down. Wont be long now, this dead cat can only last so long!
  24. frmthefuture


    chart indicates that AWE is a sensational short, yes it has rallied but so has everything else, it was oversold like most stocks out there in the ST, either way this is just a ST sucker rally in the bigger piture of the LT downtrend, i reckon the stock has pretty much reached it ST peak for now. Overall you can expect to see it trade around $1.50 pretty quick and if that fails it will probably do a OZL and test the waters under $1, ayhow that is what the monthly chart predicts. OF course it can be hard to predict when the exact ST top will be hit, just like with the ST bottom, but overall now is the time to be selling or shorting for the next big leg down!
  25. In reply to: early birds on Thursday 27/11/08 10:30pm I have all ready saved it, those are my targets now, in something changes in relation to the charts then those levels could change, however at the present level those price targets remain. Just because they are my levels now does not mean that they wont change, dont forget i use the chart, you need to adjust your rules in relation to the charts, at least i dont go in blind like most people out there! Just because most people buy something on the hope it will only rise only and have no idea at all where it will reach, at least i have my stop losses, money and risk managment, exit and entry rules, targets in place before I enter a trade, i know my risk and reward before i make a trade, how many know this.
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