Wednesday, August 19, 2009
August 19, 2009
Welcome to my first blog. I am here to assist you making sound decisions before you invest in the U.S. market. Almost every day I will post my targets. Usually my targets will hit within the same day or next 2 days. Today I posted on Yahoo SPY message board that QQQQ will hit 39.30 in the morning. During lunchtime it hit my target. When I posted my predicted targets, there are not random or lucky guess.
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QQQQ will hit next target at 39.76 either today or next 2 days.
ReplyDeletegcl106
Thanks gcl - I follow you on the spy board. I appreciate your work.
ReplyDeleteThanks Bob. You are my first client to write a comment. I will treat you very special. How long have you been following me?
ReplyDeleteI noticed your posts a couple of weeks ago. I was new to the spy board, was usually on QQQQ board but they bore me there. The spy board has smarter people on there.
ReplyDeleteWhy did you pick 39.30 and 39.76? I would like to understand your thought processes.
First you need to understand the market. Don't be bias on one side either bear or bull. For example, if you have two friends or your two kids argue, who do you favor? You need to understand both sides argument before making a decision.
ReplyDeleteThe current market sentiment, lots of so-called expert investors are expecting a somewhat pullback. But on the other side the mutual funds have lots of money on the side to put into the market. The fund money usually come from novice investors. Who do you favor?
That makes sense, but how did you arrive at 39.30 and 39.76?
ReplyDeleteI've been following for about 5 trades. Looking good so far!
ReplyDeleteWhen I make a predicted target, I looked at almost everything. Of course, you asked, "What is almost everything?".
ReplyDeleteEverything includes the following.
1. Opening price.
2. Closing price.
3. Gaps.
4. Support level.
5. Resistance level.
6. Breakout.
7. Volume.
8. Market sentiment.
9. Tick by Tick.
10. Minute by Minute.
11. and many more.
My target can only last 1 to 3 days. The longer the timeframe, there are too many factors involve.
I do not post on yahoo board, but been following some of your trades. will keep an eye on your blog.
ReplyDeleteJDT
For Bob's comment about how I arrive 39.30 target for QQQQ this morning and later 39.76.
ReplyDeleteRight at the opening today I want to see how the market reacted first. QQQQ almost opened at where the last two days low. It slowly crawled back up.
If it ever closed close the morning gap, you have to see how it reacted from there. From that point I predicted target price at 39.30. Why I chose that price. It opened at around 38.50 to 38.60 range. Then it went up to 38.90 to 39 range to close the gap. The move was .30 to .40 each time. This is how I predicted 39.30 target and 39.76 target.
How did you nail last Friday's SPY into close?
ReplyDeleteDid you look at the open of the beginning of the beginning of the week to get some idea?
Actually I missed that move on Friday. If it closed at 4:05 PM it did hit it. The last 10 minutes on Friday it shot up fast and approaching my target. I believed it missed .20 below it. It was a long shot to make that target, but it did closed to it. Why I chose 101 target for SPY?
ReplyDeleteFirst in the morning on Friday, it shot down too far too fast without any retracement at all. It spend entire day seasawing at the low. It usually happened there is a chance to go back up to retrace in the late afternoon.
Do you have any favorite stock books?
ReplyDeleteYes, I have many. There are good as some points. The real test is getting your feet wet. Books don't teach you how you handle your emotions during trading. Books teach you the knowledge and basic about it.
ReplyDeleteWow, QQQQ closed at my target exactly at 39.30. There is a chance it will hit 39.76 tomorrow.
ReplyDeleteI will open a new post for tomorrow so we can keep track of daily post.