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• Friday, November 06th, 2009

Dollar for dollar option explained, at youtube , MSFT 30 strike = $7.00, MSFT @ 37.00, example.
I only know–
When the gov’t prints money it goes up!
If and When they burn money___ gold will go down.
It’s pretty much “one and one and one is three!”

Gold is also taking on a second role ( this is a new phenomena ) as a VIX indicator, but that’s a whole “nother story!

Category: Gold stocks
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    ABX short sell details
  • rose2797
    Negro, I see ther fib level, regression channel icons. But when I click and drag, it just silvelite. May be i don't know how to use
  • nergo
    Maybe you need to register and set-up an ID and password. Its free, of course. Again, I don't remember the details what I did 6 months ago when i first visited freestocks and set myself up. See Zee's post below. He loaded up silverlite first, I think.

    P.S. Another thing, I notice alot of traders that post on chart.ly use freestockcharts.com
  • rose2797
    Negro, i tried freecharts. It is really cool. Stockcharts does not have10, 15, 30 min chrts. This one does. I did not notice fibr retracement, regression channels
  • nergo
    Really? .... I thought the Fib line, Regression line, etc., icons just show up. Its been 6 months or so since I began using freestockcharts. The Fib lines, etc are on the left side of the chart. Run your cursor on those icons/labels and the name of the icon/labels pop- up. Also, you may have to click & drag the left column to make all the icons show up.
  • rose2797
    Now. -i see it. Thanx. Great site
  • Stockcharts subsrciption site has 1,5,10,15,30,60 minute, interrvals
  • this guys H&S GDX chart, what a bunch of hooey! although ABX double top fails, he gets a +1
    http://www.bostonwealth.net/2009/11/08/hs-and-gold/comment-page-1/#comment-4734
  • Nergo
    I have been using freestockcharts.com for about 6 months now. I have not been too consistent visiting their website but I would go at least once a week. It seems to me freestockcharts is a very good FREE chart site. For those that have not visited the web site give it a try. And listen .... this is NOT a marketing advertisement for the web site. I have NO connections with freestockcharts. If you been trading for a while you know Trading is a difficult chore and you got to be careful. My point: Traders need all the edge they can get. (P.S. Hint -> Join Zee's Membership site and many of your concerns will go away.) I just think its a very good FREE web site for traders and I am just spreading the word if you haven't heard of the site... that's all. Freestcokcharts has all the indicators including Fibonacci retracement, regression lines and channels (Zee has referred to these), tirone lines (what?), and speed line, gann lines, and Andrew's pitchfork (a pitchfork? ... give me a break). Just add the indicator of you choice to your chart.

    Zee, I am pulling for your short GOLD alert that I bought Friday with you. And I am also pulling for my beloved alma mater University of Alabama at Tuscaloosa today. Roll Tide over LSU!!!!!
  • I downloaded Microsoft silverlight and the freecharts.com site came alive! Looking good so far--I'll test the alert bar--did you see the alert bar?
  • nergo
    I have been using Fidelity's alert system for the past year but I am gradually changing to freestockcharts.com alerts. I LOVE that freecharts allows you to type in a comment for each alert you set-up. A trader is not going to remember all the details on some stocks that he/she needs to remember about when an alert goes off two weeks or so after the alert was set-up. Zee, I remember once you posted that you wish someone would have let you know when BKC hit $16 (or whatever $ that was.) An alert would have told you and your comments could help. I use alerts all the time now. I hope all traders are using alerts. Its very important. When several alerts go-off all within a 10 to 30 minute time span that tells me the market maybe be going south or ripping, depending on the alert. I have setup alerts for the SPX and QQQQs based on the highs & lows, strong resistance and support levels and pivot points.

    All my alerts are sent to a separate gmail account that is reserved ONLY for alerts. (Gmail allows you to set-up 6 gmail accounts.) I reduce the gmail screen to a 3" x 3" size and minimize it in the lower right hand corner of my monitor screen. I will glance at the 3" x 3" alert screen to notice if a bold time appears. If so this tells me one of my stock alerts was hit. The alerts keep me from constantly monitoring stocks that I am interesed in. The alerts do the monitoring for me.

    I have rambled too much ... Have a great week trading guys/gals. Be Careful. Its short term Bearish out there IMO. The Market can be brutal. Bag those profits!
  • darrendong
    FSLR short position looking good.hohoho
  • When FSLR goes below $109, ( which if all this downgrade news hold up, will happen) what will you do then? hohoho2
  • Traderbean has SPY going to 1250 and 900 support
    http://traderbean.blogspot.com/2009/11/spx-chart-supportresistance.html
  • TenYear
    KONG: on its way back to $16

    have a good weekend
  • GR and UNP, getting into short sell territory--I'll do the charts this weekend or sooner
  • nergo
    Okay ... shorted a little GOLD here on Zee's alert (75 shares). I'll average in if it goes up Monday.
  • Hi Nergo, I have GOLD short backers
    Kemal_1 replied to me: Good call! Expanding triangle at the top.
    annamall replied to me: excellent rubbing hands together hehehe ;)
    Romaitas replied to me: nice rec z
  • GOLD SHORT 77.5 yay! If GOLD misses earnings , ( it will) it could easily fall to $68 or even $55, look at AEM
  • cotguy
    Z,

    You have balls to short it? best of luck
  • It's all formula's---I'll post the formula in the member's area, this weekend.--I'm always wondering what I should post in the member's area---Thanks for the idea!
  • TenYear
    Something is up with KGC...not performing like other miners lately
  • KGC at 40X earnings--probably headed to $15= 200 day weekly
  • GOLD ( the stock) reports next Tuesday--that'll tank--I'd short now! $80 is the highest it can possible get to--even if it beats st by 20%
  • FSLR, I think I'll wait for $109--I read the target price reports--$135 ( 20X earnings) is the highest--They are wrong,
    ( it's much higher) but in the meantime, I have to go with what they say, short term
    Here's 30 days ago Target price $185
    http://finance.google.com/group/google.finance.707027/browse_thread/thread/8f42fb4737c91ca5?pli=1
  • rose2797
    ten year, I wanted to buy NDAQ. It hit 17.85. I thought it will go lower on 10min chart.
    It didnot, and I missed it. I bought BW at the low of the day- still doing good. Bought COCO, just now
  • TenYear
    yeah, thats my bad. NDAQ, I got too conservative.

    Unless mkt dumps in last 20 min., today is a big win for the bulls. Oil and many other commods getting killed, yet mkt consolidates.
  • If you made goldman sachs burn all of their profits in a 55 gallon drum, that would make the price of gold come down---I'd pay to see that!
  • I see a lot of end of day entries, so I guess I'll wait till end of day---
  • LONG APOL 55.8--at the may lows --I clearly see a $62-63 exit
  • NEM, remember last month I said, NEM going to $51, at $49 currently, finally broke thru $48 resistance--Gold, just may make it to 1130, that's where I'd try a short
  • I have overnight long signals FSLR, favors up on Mon
    COCO has the same signals
  • TenYear
    JCP: I have $25.70-24.20 go long area. Thats a tough one. I hate retail anyway.

    PALM: anyone buying down here?

    WFMI: gap at $25 wait for it

    ANDE: thats a scary one. If market pulls back ANDE could easily see $18-20

    BAC: when does the new CEO get announced? could be a good catalyst
  • Isn't one of your rules __GO long VMC at $45?
  • TenYear
    i missed it. NDAQ taking off too. I hate it when I miss bottoms or entries because then I have to chase like Moo's blog members. I hate chasing.
  • I hate this part --I have all my long overnight picks finished, 2 hours before market close. I have to wait for 1.5 hours now, for end of day entries--going long FSLR and APOL,COCO
  • TenYear
    UNG: it is getting close to the buy area. $9.54 would be the minimum for first entrance.
  • TenYear
    Nice fading opp this morning. so much for my gap up and selloff idea. gap down and rally...lol.

    108 SPY I'm telling ya
  • If the market opens down, it's because the employment report missed--Probably gets worse and worse as the day goes on.
  • SKF can't get above 30--inverse 30/50 signal. limits the upside, next 2 weeks out.
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