24 Responses to “Tuesday’s Trading – 11/3/09”

1. phil says:

   November 3, 2009 at 9:41 am

   GEORGE…..BOUGHT…1/2 position DDM @ 38.07….lets see if i can trade like you….yesterday bot/sold it twice….going for 3 times today lol….
2. Mitch says:

   November 3, 2009 at 9:45 am

   Phil, qld could be fun too!
3. phil says:

   November 3, 2009 at 9:47 am

   MITCH ….no.. i am not friendly to nasdaq..the count there is more bearish…..i will stick with ddm
4. phil says:

   November 3, 2009 at 9:48 am

   2TH FIXER…i read something you posted about me seeing a double bottom…i never posted any such thing…
5. phil says:

   November 3, 2009 at 9:49 am

   2th fixer..i dont believe in double or triple bottoms or head and shoulders or any of that nonsense
6. Mitch says:

   November 3, 2009 at 9:53 am

   Phil, it behooves me to use “could” when I’m posting – saw some bearish resolve in the Q’s before I commented – I’m contrarian so I look for consensus and start running away.
7. phil says:

   November 3, 2009 at 10:00 am

   phil Says:

   July 7th, 2009 at 11:39 am
   george…see above chart for h and s …..see how we are toying with so called “neckline”……we will break it hard soon and convince the majority that h and s is in effect….then we go up near spx 1000 for final top dragging all bears kicking and screaming….be careful george
   >>>>2 th FIXER. …this was my post about head and shoulder nonsense back in july befor upward EXPLOSION
8. Jim says:

   November 3, 2009 at 10:42 am

   Looks like a blow off in gold is starting. Once that’s done then look out below for all markets except for treasuries.
9. scotty says:

   November 3, 2009 at 12:07 pm

   Everyone sleeping here? Dollar up,oil up,R2K up , are we getting ready for a pop north??
10. Randall says:

    November 3, 2009 at 1:28 pm

    Except for GLD, like watching paint dry, big event tomorrow, I am betting down she goes after a burst later today or early tomorrow.

    What is GLD saying to us: the world’s currencies are all “the biggest losers”.

    Prechters recent Youtube videos are worth a look, man is relentless about this being a golden opportunity to short the equity markets and go long the dollar…
11. Jim says:

    November 3, 2009 at 2:15 pm

    Randall: I seem to remember Prechter being wrong from 1987 low until 2000 high. He fought it all the way up!
12. 'K says:

    November 3, 2009 at 2:30 pm

    Time to take the 3pm dump? (When market is boring like today the amount of posts here is ridiculously low
13. phil says:

    November 3, 2009 at 3:26 pm

    JIM…you are correct….prechter is right once every 20 years….ie 1987 then wrong till 2007….next time for a correct call should be 2027
14. junglegirl says:

    November 3, 2009 at 3:33 pm

    Hi everyone! Major computer problems. Sorry.

    This looks like it could be a double-three combo (ABC completed, then X, then into at least tomorrow for another ABC) to get us up to where we can have a nice ii in the area of a RS.

    Still having problems posting. Will keep trying.
15. Jim says:

    November 3, 2009 at 3:35 pm

    Phil: Yeah, kinda like a stopped clock is right twice a day.
16. phil says:

    November 3, 2009 at 3:40 pm

    NDX starting to lead again
17. K says:

    November 3, 2009 at 6:52 pm

    The split is one piece of Berkshire’s $26 billion takeover of Burlington Northern Santa Fe Corp (BNI.N), and is intended to make it easier for shareholders of the railroad who want to swap their shares for Berkshire stock to do so.

    Berkshire Class B shares closed Monday at $3,265. After a 50-for-1 split, they would cost just $65.30. Class A shares of Berkshire trade around 30 times the price of the Class B shares, or around $100,000, and are not being split. The split requires approval of Berkshire shareholders.
18. K says:

    November 3, 2009 at 7:09 pm

    http://lh4.ggpht.com/_APmrYvpA45s/SvCo9MYDueI/AAAAAAAAFS0/YMNiWtJ7jVc/s1600-h/SPY30min2.png
19. K says:

    November 3, 2009 at 7:13 pm

    Apple’s Chinese partner sold 5,000 iPhones in the country since last week’s debut, raising concern the handset’s price is undermining the U.S. company’s ability to gain customers in the world’s biggest phone market.
20. 2thfixr says:

    November 3, 2009 at 8:34 pm

    Phil, my apologies if I misrepresented your views regarding patterns or direction of the index.

    In your posts recently, you have been BULLISH and expressing a desire/belief to see SPX 1600 and (recently backing off to ) 1500. You even posted a chart drawing out a repeated zig-zag pattern between 1500 highs and less than 1000 lows.

    I was using your 1500 to 1600 call as the antithesis of my “back to 1070/1080 and complete a H&S top” theory. It actually makes me feel good that you are in a bearish camp as well! I’ve been feeling recently like my swing trading radar has been running 180 degrees from the senior members of this blog.

    Again, my apologies.
21. 2thfixr says:

    November 3, 2009 at 8:38 pm

    And while we are discussing things Phil, I have been VERY confused as to your ideas on interest rates. You own TBT, want it to crash lower, so that your other holdings (which far outweigh TBT) will soar in value? Then, why own TBT? As a trade? As a hedge? I’m confused.

    Welcome back JG–nice to see a post from you!

    Anyone besides me miss George? Hope he is having a good time fishing!
22. K says:

    November 3, 2009 at 8:48 pm

    no matter how technicals play here TED spread is still in an uptrend channel so we will wake up one day to disaster.
23. 2thfixr says:

    November 3, 2009 at 9:38 pm

    Just a matter of time K before we wake up to it! Just be prepared (like we are doing already)!
24. Julie says:

    November 3, 2009 at 9:48 pm

    K,
    The SPX 20 DMA turned down. Be sure to
    read Jim Curry’s Nov.3 post on safehaven.
    Do not know if Jim is right or not, but he
    called the March low within a point…so we
    pay attention to what he has to say.