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Shanky - "Mr. I Am Short Now"
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  • Columbus, Georgia
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DOW 11000 BY DEC/JAN 2010 BABY. LETS GO.
November 7, 2009
Since we're getting to have some days that could yield huge upside potential - please post your picks here - not your basic UYG, but something more original. Thanks for participating!
November 7, 2009
Well done my permabear buddy!
July 17, 2009
you get more annotations on SC than I do - not fair! Well done Woo.
June 24, 2009
THE TIME IS GETTING NEAR to short AAPL .. http://www.cnbc.com/id/15840232?video=1139834831&play=1
June 2, 2009
Also if you read further down she has a bit on the time structure.
June 2, 2009
Fujisan (from moles site) has it as a confirmed ABC structure and gives it a few strats for option playing to take advantage of both the advance and decline. http://evilspeculator.com/?p=7916
June 2, 2009
ON ANOTHER NOTE: this guy makes funnies at Cramer: http://www.youtube.com/watch?v=YMbdZVgI0e8
June 2, 2009

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Shanky - "Mr. I Am Short Now"

Time To Short AAPL Getting Near?

Large ascending wedge, indicators getting tired and volume going away. It may go for one more touch of top trendline or even an overthrow. Not sure if COMP is ready quite yet, but but when AAPL and GOOG turn it will as well.

AAPL Targets:

1) 120 - support and 38.2 retracement
2) Retracement box and gap fills in the 105 - 112 area meeting 200ma
3) To retest the breakout point at 102


Continue

Posted on June 2, 2009 at 3:00pm — 5 Comments

Shanky - "Mr. I Am Short Now"

Remember this CPC chart?

SPXA50 scenario might be playing out. Might not though.



http://shankystechblog.blogspot.com/

Have a good one.

Posted on March 18, 2009 at 4:16pm — 2 Comments

Shanky - "Mr. I Am Short Now"

Let's try this again

I blogged 60m and weekly SPX charts for you to digest. Lots of options. Weekly chart shows several P1 vs. P2 options that have to or have happened. I'm still in the P1 camp, but I believe the bottom is in (until 3 of P3). Still short, but may begin to hedge if rally takes us to 804ish. 782 is a new number I have calculated. 780 double top is a good spot, but the indicators may not give it to us. This is IMO an idiot rally on light volume into the double top which is a classic reversal sign (reme… Continue

Posted on March 17, 2009 at 6:00pm — 1 Comment

Shanky - "Mr. I Am Short Now"

What is this fall made of?

I thought I'd write a little diddy about this fall and where it could end up. Most may be disapointed and think it is a cop out, but it is the smartest remedy to the question I could come up with. I did it in the blog. Craig or team member, if you would like to bring it in to read here (if worthy) (I'm not worthy), go ahead. I think it is a good read. the link is at the bottom. Have a great evening!

Thanks,

Shanky

http://shankystechblog.blogspot.com/2009/03/what-is-this-fall-made-of.html

Posted on March 16, 2009 at 6:47pm — 3 Comments

Shanky - "Mr. I Am Short Now"

APB for Mohan and S-135?

Please come back!

This is not a wasted blog post for those that know them. They have been extremely valuable members. If you two are hanging out somewhere else, where?

Posted on March 12, 2009 at 9:01am — 8 Comments

Comment Wall (6 comments)

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At 12:50am on November 14, 2008, Craig Simons said…
I think Scott moderated the board.

As I said before, I am not abandoning the site cold turkey. I just cannot post actively during the trading day.

What I hope others have learned from this site is a methodology. Take emotion out of the equation and follow rules. Plan your entries and exits and manage risk. Be disciplined and you will make money.

I never did anything overly complicated in my posts. And I was wrong a lot. But I preached discipline and an open mind.

I don't even like the terms bullish and bearish. They create a sense of belonging in one camp or the other. I'm am usually in the middle. One second I think the market is going up and the next second new information comes to light and I think its going down. I'll play whatever I see. In this market, tight stops are essential or your capital will disappear.

My trading decisions have nothing to do with my opinion on whether the bailout plan is working or if the PE ratio of GS is too high. I'm a very short-term oriented trader. Others on this site are not and that is there style.

Watch price. Then watch volume. Then watch for patterns and support-resistance levels. And watch your MACD for divergences. Finally, throw in some Elliot Wave if it helps you.

My advice to you, Shanky, would be to keep your emotions in check. Sometimes, you seem a bit too committed to one side or the other. This has probably helped you sometimes stay in winning trades, but I worry that you become so emotionally invested that it may be difficult for you to change your view.

Even when I'm in a winning trade, I keep my emotions in check and try to view the market as if I have no money in the game. This helps me stay objective. I use logic to exit. I expect pullbacks against my trade and I prefer they be on lighter volume. If it doesn't look right, I exit. No regrets or second guessing. Look for the next opportunity.

I think I'm rambling now but I felt like I owed you this much. I would like you to take over the Intraday Commentary if you would be interested.
At 9:42pm on October 30, 2008, Craig Simons said…
That's odd that your post disappeared. Not sure why that would happen. Nothing needs approval on Social.

Your posts are fine. Today's commentary was up about 100% in terms of quality. I get frustrated when people argue with each other because it is irrelevant and a distraction to their trading.
At 11:10am on October 23, 2008, Craig Simons said…
Regarding your AAPL chart, I see a bearish H&S pattern but not a bullish inverse H&S pattern. That would indicate a break of the neckline would cause downside, not upside? Am I reading that right?

GS, I do see the inverse H&S pattern here, but the right shoulder may be breaking.
At 11:12pm on October 15, 2008, Mohan said…
I am with you... we should leave the politics form these boards.

BTW, Ron Paul is my guy too.
At 1:07am on October 12, 2008, Craig Simons said…
Thanks Shanky. The site wouldn't work if you and other contributors didn't share your thoughts and keep the board so active.

We are all learning together.
At 8:51am on October 3, 2008, Kent Leemis said…
Woot!, he told all his followers to vote for other 3rd party candidates, but I think I am just going to end up writing him in. He is da best!
 
 
 

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