Pat494
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For Week Ending Friday 3rd Febuary at 1344.9
Name...........Call.........Points.......Direction .....Podium ...…Total
Isatrader...........1325..........8......... ...1 . ..............2............11
robster974........1330..........5.............1... ..............3............9
N.Rothschild......1290.........8.............0... . ............0............8
wt average........1303..........6.............0.... ...........0............6
dpinpon............1300..........6.............0.. . ............0............6
Pat494……….......1280…........6.............0………........ ..0.........….6
DonStar............1320...........3....... ......1 . ............1.............5
bodavula..........1292...........4......... ....0................0............4
mrkmcknz.........0000..........3...............0. ..............0............3
wackypete2......1274...........3..............0 .. .... ........0.............3
VielGeld............1310...........2........... ..0................0.............2
Atilla................1301............2........ . . ...0. ............0.............2
Average............1302...........1............... 0 ...............0...........1
ashestoashes.....0000..........1.................0 ... ...........0............1
Gaffs1964........1295...........0................ 0 ... . .........0............0
Our winner this week is robster, so congrats to you. Isatrader is ahead overall.
:clap:
Name...........Call.........Points.......Direction .....Podium ...…Total
Isatrader...........1325..........8......... ...1 . ..............2............11
robster974........1330..........5.............1... ..............3............9
N.Rothschild......1290.........8.............0... . ............0............8
wt average........1303..........6.............0.... ...........0............6
dpinpon............1300..........6.............0.. . ............0............6
Pat494……….......1280…........6.............0………........ ..0.........….6
DonStar............1320...........3....... ......1 . ............1.............5
bodavula..........1292...........4......... ....0................0............4
mrkmcknz.........0000..........3...............0. ..............0............3
wackypete2......1274...........3..............0 .. .... ........0.............3
VielGeld............1310...........2........... ..0................0.............2
Atilla................1301............2........ . . ...0. ............0.............2
Average............1302...........1............... 0 ...............0...........1
ashestoashes.....0000..........1.................0 ... ...........0............1
Gaffs1964........1295...........0................ 0 ... . .........0............0
Our winner this week is robster, so congrats to you. Isatrader is ahead overall.
:clap:
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robster970
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Surely it should be me 1330, isatrader 1325 then donstar 1320 in that order for 1st, 2nd, 3rd if it closed at 1344???
Pat494
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robster970
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Just testing
I can see that giving 1,2,3 position 3,2,1 points is a little confusing sometimes....
Atilla
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Should have been me with 3 points really. I had 1350 for last two weeks and should have stuck to it.
Not talking sour grapes - honest. Just my view that often the TA is correct but trying to get timing is so much harder than the highs and lows.
Be interested to know if anybody has any methods/tips/suggestion re: getting timing right. Does anyone use Fib or Gann time lines in their analysis?
Well done mobster man :cheesy:
robster970
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Thanks my friend.
I have one question to ask you which hints at why you did not win IMO.
After 2 weeks of posting 1350, why did you decide that it would not eventually make 1350 in the 3rd week?
I suspect the only thing that changed was not your analysis of the conditions, rather a reaction to not being right for the previous two weeks.
I'm not a TA person myself but I don't think the method is at question here - merely that you could not accept your analysis on some psych related level. That's where I think your answer is.
VielGeld
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It was supposed to go down.
Oh well, I got my price on Monday's and Tuesday's closes. Some consolation.
Anyway, getting a bit top-y there just eyeballing the chart. That level is also pretty much this summer's top too. I doubt there is much higher to go before we see some profit-taking.
1330 for moi, please. It'll go down, but it'll hardly be a crash or anything.
Oh well, I got my price on Monday's and Tuesday's closes. Some consolation.
Anyway, getting a bit top-y there just eyeballing the chart. That level is also pretty much this summer's top too. I doubt there is much higher to go before we see some profit-taking.
1330 for moi, please. It'll go down, but it'll hardly be a crash or anything.
Atilla
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I think I've conquered my demons about not being right - but there may be a latent fear lying low somewhere. Was more the candle-sticks if I'm to be honest. :|
I like to base my trades purely on TA and news is secondary for me. I consider it increasingly as noise but do like to keep awareness.
1301 again please Pat.
Pat494
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..
NEW YORK (Frankfurt: A0DKRK - news) , Feb 3 (Reuters) - Europe (Chicago Options: ^REURUSD - news) will again be at the center of investors' focus next week as the U.S. earnings season passes the halfway mark and there is little on the economic calendar to give the market direction.
Economic data expected next week includes weekly initial jobless claims, the Thomson Reuters (Toronto: TRI.TO - news) /University of Michigan's consumer sentiment index and international trade figures.
Improving data helped push the S&P 500 (SNP: ^GSPC - news) index up nearly 7 percent for the year, highlighted by Friday's stronger-than-expected jobs report.
"It's the old ping pong game. Today it is the U.S., tomorrow it is Europe again," said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham (Other OTC: CHTM.PK - news) , New Jersey.
"Normally in this type of tape when there is no economic news, it seems like the bias goes to the upside." But Europe and whether European bond yields spike or other news from Europe emerges will be the wild card for the markets, Saluzzi said.
Greece remains at the forefront of the euro zone crisis as the government continues to struggle for agreement on fiscal reforms that would be accepted by political leaders and private bondholders as it tries to avoid a disorderly default.
Talks on a bond swap and 130 billion euros in bailout funds have been continuing for weeks before a March deadline when 14.5 billion euros of bonds fall due. Hopes a deal was on the horizon dissipated on Friday as euro zone finance ministers delayed a meeting scheduled for Monday.
"There is always the chance in brinkmanship - which is what is being played here - that you have a dangerous outcome if the pieces don't come together," said Paul Mendelsohn, chief investment strategist at Windham Financial Services in Charlotte, Vermont.
"They have until March 19. They are going to keep pushing this thing until everybody gets the best deal they can out of it or they decide not to move forward and let Greece go. It's always a possibility at the end of the game."
The flood of earnings reports will slow next week. A total of 66 S&P 500 companies are expected to report, including Walt Disney Co, Coca-Cola Co and Cisco Systems Inc (NasdaqGS: CSCO - news) . NYSE Euronext (Euronext: NYX.NX - news) is also due to report results after the exchange terminated merger plans with Deutsche Boerse on Thursday.
Through Friday, 283 companies in the S&P 500 have reported results, with 60 percent posting earnings that have topped Wall Street expectations, a lower percentage than seen in recent quarters through this stage of the reporting season.
The payrolls report on Friday helped lift the S&P 500 1.5 percent to 1,344.90, past a recent resistance point of 1,325, which the benchmark index had failed to pass on several occasions recently. Analysts said the resistance level could now serve as support, with 1,350 representing a new resistance point for equities.
But even with the gains sparked by the payrolls report, a lack of volume remains a troubling sign, one which could be alleviated by a resolution of the Greek question.
"The (payrolls) news is great but you are not getting a ton of volume, so you still get some skepticism," said Ken Polcari, managing director at ICAP Equities in New York.
"It is going to be slow to get these people back. Ultimately I still think the large asset managers are waiting for a Greece decision because no matter what, the market will pull back and that is when they will jump in."
(Reporting By Chuck Mikolajczak; Editing by Kenneth Barry)
..
NEW YORK (Frankfurt: A0DKRK - news) , Feb 3 (Reuters) - Europe (Chicago Options: ^REURUSD - news) will again be at the center of investors' focus next week as the U.S. earnings season passes the halfway mark and there is little on the economic calendar to give the market direction.
Economic data expected next week includes weekly initial jobless claims, the Thomson Reuters (Toronto: TRI.TO - news) /University of Michigan's consumer sentiment index and international trade figures.
Improving data helped push the S&P 500 (SNP: ^GSPC - news) index up nearly 7 percent for the year, highlighted by Friday's stronger-than-expected jobs report.
"It's the old ping pong game. Today it is the U.S., tomorrow it is Europe again," said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham (Other OTC: CHTM.PK - news) , New Jersey.
"Normally in this type of tape when there is no economic news, it seems like the bias goes to the upside." But Europe and whether European bond yields spike or other news from Europe emerges will be the wild card for the markets, Saluzzi said.
Greece remains at the forefront of the euro zone crisis as the government continues to struggle for agreement on fiscal reforms that would be accepted by political leaders and private bondholders as it tries to avoid a disorderly default.
Talks on a bond swap and 130 billion euros in bailout funds have been continuing for weeks before a March deadline when 14.5 billion euros of bonds fall due. Hopes a deal was on the horizon dissipated on Friday as euro zone finance ministers delayed a meeting scheduled for Monday.
"There is always the chance in brinkmanship - which is what is being played here - that you have a dangerous outcome if the pieces don't come together," said Paul Mendelsohn, chief investment strategist at Windham Financial Services in Charlotte, Vermont.
"They have until March 19. They are going to keep pushing this thing until everybody gets the best deal they can out of it or they decide not to move forward and let Greece go. It's always a possibility at the end of the game."
The flood of earnings reports will slow next week. A total of 66 S&P 500 companies are expected to report, including Walt Disney Co, Coca-Cola Co and Cisco Systems Inc (NasdaqGS: CSCO - news) . NYSE Euronext (Euronext: NYX.NX - news) is also due to report results after the exchange terminated merger plans with Deutsche Boerse on Thursday.
Through Friday, 283 companies in the S&P 500 have reported results, with 60 percent posting earnings that have topped Wall Street expectations, a lower percentage than seen in recent quarters through this stage of the reporting season.
The payrolls report on Friday helped lift the S&P 500 1.5 percent to 1,344.90, past a recent resistance point of 1,325, which the benchmark index had failed to pass on several occasions recently. Analysts said the resistance level could now serve as support, with 1,350 representing a new resistance point for equities.
But even with the gains sparked by the payrolls report, a lack of volume remains a troubling sign, one which could be alleviated by a resolution of the Greek question.
"The (payrolls) news is great but you are not getting a ton of volume, so you still get some skepticism," said Ken Polcari, managing director at ICAP Equities in New York.
"It is going to be slow to get these people back. Ultimately I still think the large asset managers are waiting for a Greece decision because no matter what, the market will pull back and that is when they will jump in."
(Reporting By Chuck Mikolajczak; Editing by Kenneth Barry)
..
robster970
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1353 for me this week. I think we're in and interesting area now where it'll bounce around for a while before taking the down escalator.
wackypete2
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1315
Pat494
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For Week Ending Friday 10th Febuary at 1342.6
Name...........Call.........Points.......Direction .....Podium ...…Total
Isatrader...........1366..........11......... ...0 . ..............0............11
robster974........1353...........9...............0... ............0............9
DonStar.............1340.........5....... .......1 . ..............3.............9
N.Rothschild.....0000...........8................0... . ..........0............8
wt average........1350..........6...............0.... ............0............6
dpinpon............1355..........6...............0.. . ............0............6
Pat494……….......1363…........6...............0………........ ..0.........….6
bodavula...........0000..........4......... .....0................0.............4
wackypete2.......1315...........3...............1 .. .... ........0............4
VielGeld............1330..........2........... ...1................1.............4
Average............1338..........1............... 1 ...............2............4
mrkmcknz.........0000..........3...............0. ...............0............3
Atilla...............1301..........2........ . . ...1. ..............0.............3
ashestoashes......0000..........1................0 ... ...........0.............1
Gaffs1964..........1320..........0............... 1 ... . .........0.............1
Congratulations to DonStar for the win. And well done to Gaffs - off the mark ! It was so nearly up but ......
Name...........Call.........Points.......Direction .....Podium ...…Total
Isatrader...........1366..........11......... ...0 . ..............0............11
robster974........1353...........9...............0... ............0............9
DonStar.............1340.........5....... .......1 . ..............3.............9
N.Rothschild.....0000...........8................0... . ..........0............8
wt average........1350..........6...............0.... ............0............6
dpinpon............1355..........6...............0.. . ............0............6
Pat494……….......1363…........6...............0………........ ..0.........….6
bodavula...........0000..........4......... .....0................0.............4
wackypete2.......1315...........3...............1 .. .... ........0............4
VielGeld............1330..........2........... ...1................1.............4
Average............1338..........1............... 1 ...............2............4
mrkmcknz.........0000..........3...............0. ...............0............3
Atilla...............1301..........2........ . . ...1. ..............0.............3
ashestoashes......0000..........1................0 ... ...........0.............1
Gaffs1964..........1320..........0............... 1 ... . .........0.............1
Congratulations to DonStar for the win. And well done to Gaffs - off the mark ! It was so nearly up but ......
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