Corepuncher's Account Talk

[Corepuncher]

You guys are talking sports after post 1253?? I would have thought the discussion would be about Mossbergs.:worried:

I'm browsing shotguns online as we speak. Thinking about a Remington 870 pump action. Don't own a gun but about to take the plunge.

 

[Show-me]

Love the 870! If you are looking for a long time investment don't skimp and get something cheap. Cheap equals loose and weak.

http://www.remington.com/products/f.../model_870_folding_stock_7-shot_Extension.asp

Folding stock for close quarters and 7 shot mag extension. Usually you get one shot but it is nice to know you got a lot more in the mag.

 

[kar_crazy]

sweet:blink:

 

[Corepuncher]

Love the 870! If you are looking for a long time investment don't skimp and get something cheap. Cheap equals loose and weak.

http://www.remington.com/products/f.../model_870_folding_stock_7-shot_Extension.asp

Folding stock for close quarters and 7 shot mag extension. Usually you get one shot but it is nice to know you got a lot more in the mag.

That IS sweet Show me. Thanks for the link. I'll have to look around and see where I can get one. Do you recommend a brand new or used one? I mean I know it's all about price but is there anything wrong with a used? Also, I wonder where the best place to buy is. I'll have to check out the big bass pro shop and see if they carry it.

 

[Show-me]

Try to find the local guy dealing out of his basement. It is legal and they are out there. They love the business and usually beat all of the retailer on price and service. They can help you find a good used piece too and there is nothing wrong with a used piece just look for obvious wear on the finish and ask about a short warranty period. Then buy a box or two of ammo and test fire the hell out of it before too much time goes buy. That way you can go back immediately and address any failures.

Me, I buy new because the price savings is very negligible to me, you know what you are getting, and I like that new out of the box feel.

Local guy rely of reputation and service more, IMO.

 

[Corepuncher]

Overseas up 5-6% but remember they did not participate in our Friday 3-4% rally...so I'm thinking we close up 2-3% which would...ta-da...put us right at S&P 900.

 

[Show-me]

Could this be a head fake and sell off this afternoon. That would be a classic bull trap scenario.

 

[fabijo]

That is one nice shotgun. I should start looking, too.

 

[fabijo]

Corepuncher, on that Gold Backwardation article...

Would it be possible to think that the delivery of gold in the futures contract could be less than the delivery of gold NOW because investors see that fuel currently costs too much and that they speculate fuel prices to drop significantly in the next month or two?

So, the reason delivery now is so much more than delivery in the future is because it will be cheaper to deliver in the future. Also, cheaper to store.

Just a thought.

 

[Corepuncher]

surely we'll test 9000 on the DOW before the day is done.

 

[JTH]

You can pick up one of these Mossberg 500 Tacticals for about 450.00

I bought one a few weeks back

 

[Corepuncher]

I predict a head and shoulders forming...we are in the head now which may top out 930-950.

Question for today is...how will we close? If we sell off into the close, that is bearish and we will continue down. Therefore, it would be good to sell today.

If we have a parabolic move into the close...that could easily bring us to my forecast of 930-945 at the close...and then the move may be done (head). I can then buy in lower over the next few days (we'll probably bounce off 850 again), to ride the right shoulder back up, then sell.

How's that!

Rally monkey...take me home! Europe is closing strong...> 8% DAX and CAC. 7-8% means 940s S&P.

100G

 

[robo]

Could this be a head fake and sell off this afternoon. That would be a classic bull trap scenario.

Show-me,

It was a Bear Trap my friend before the jobs number. If you sold before that number they already got you out of the market before the run up... They already took out most of the weak shorts this morning.... If you were short since Friday's lows you probably were stopped out long ago that's for sure. They will get the weak Bulls soon enough.

The Bull trap is coming from the folks that will chase and this could be the start. I'm getting ready to sell... This is a Traders market that’s for sure and anything is possible at the close… but the DOW is up almost 1000 points from the lows on Friday... A Big - Big Bear trap and the crooks knew the jobs numbers would be very bad.

However, they want the new buy signals to go out today from the chart slaves first so they can induce max pain to the largest amount of traders and investors. Tom just talked about this – run it up before they sell. If you sold before the jobs number they got you in the Bear Trap since you were Bearish - the Bulls are next....

Take Care... and the sell-off will come. From what level is the question, and yes it could be today? TSP rules suck and we can’t make money off these freaking big swings.

Good Trading to you Show-me....

 

[Corepuncher]

The way this market has been...I think there is a high probability 90% of the rest of the move up is going to happen today...at least short term.

The chart slaves probably see we've broken above the 20 SMA, next stop is 950 and since that is the upper bollinger band, I doubt we will get above that on a CLOSING basis. If you want to sell today, and are lucky, there appears to be just enough room between current levels and 950 to get a strong close IMO. But like I said...if we sell off into the close late, it will likely carry over and we're testing 850 again. If we rally into the close, well, it was a good time to sell as we are still in a bear market and near some STRONG overhead Resistance.

10 yr bond yields up...check. A/D and UP/Down volume ratios...strong. Room to rise before resistance? Check. Talk of bear rally in Dec? Check. Europe closing strong? Check.

I'd say we will close strong. Optimally, we will dip midday...then a ferocious, parabolic rally defying gravity and punching up to 950 on the S&P!

100G

 

[poolman]

The way this market has been...I think there is a high probability 90% of the rest of the move up is going to happen today...at least short term.

The chart slaves probably see we've broken above the 20 SMA, next stop is 950 and since that is the upper bollinger band, I doubt we will get above that on a CLOSING basis. If you want to sell today, and are lucky, there appears to be just enough room between current levels and 950 to get a strong close IMO. But like I said...if we sell off into the close late, it will likely carry over and we're testing 850 again. If we rally into the close, well, it was a good time to sell as we are still in a bear market and near some STRONG overhead resistence.

100G

Nicely said and you covered your bases. I agree.

 

[robo]

The way this market has been...I think there is a high probability 90% of the rest of the move up is going to happen today...at least short term.

The chart slaves probably see we've broken above the 20 SMA, next stop is 950 and since that is the upper bollinger band, I doubt we will get above that on a CLOSING basis. If you want to sell today, and are lucky, there appears to be just enough room between current levels and 950 to get a strong close IMO. But like I said...if we sell off into the close late, it will likely carry over and we're testing 850 again. If we rally into the close, well, it was a good time to sell as we are still in a bear market and near some STRONG overhead resistence.

100G

Yeah - I'm selling all of my I Fund and reducing in others today. I only went 100% long for a short-term position. Not sure how we close here, but we need some ot the bears to cover so we can get a pop at the close. Some traders will want to take profits after this run up. I Fund up big and dollar down, but they usually find a way to cheat us on big up days to ensure Market Timers are punished....

Looks like the sellers are already coming in. Now how many Bears will cover today? Put the squeeze on Boyz.

Take Care and good trading!

 

[Corepuncher]

105 PM CST...get your engines ready. Lets go parabolic!

 

[WIND_HUNTER]

105 PM CST...get your engines ready. Lets go parabolic!

You're spot on again. Nice job!

 

[budnipper1]

The way this market has been...I think there is a high probability 90% of the rest of the move up is going to happen today...at least short term.

The chart slaves probably see we've broken above the 20 SMA, next stop is 950 and since that is the upper bollinger band, I doubt we will get above that on a CLOSING basis. If you want to sell today, and are lucky, there appears to be just enough room between current levels and 950 to get a strong close IMO. But like I said...if we sell off into the close late, it will likely carry over and we're testing 850 again. If we rally into the close, well, it was a good time to sell as we are still in a bear market and near some STRONG overhead Resistance.

10 yr bond yields up...check. A/D and UP/Down volume ratios...strong. Room to rise before resistance? Check. Talk of bear rally in Dec? Check. Europe closing strong? Check.

I'd say we will close strong. Optimally, we will dip midday...then a ferocious, parabolic rally defying gravity and punching up to 950 on the S&P! 100G

Good eye, CP. Not quite 950 yet good enough for gov't work.
View attachment 5206

​

 

[JTH]

It's not every day GFCSI all make money at the same time