Jump to content

Perishabull

Administrators
  • Content Count

    3,447
  • Joined

  • Last visited

Everything posted by Perishabull

  1. Perishabull

    PositiveDev's trading journey

    Here's one I was watching earlier today as the double top was forming - ISRG (Intuitive Surgical), it made a perfect double top on my indicator at 5.35 then my signal to short was 5.40 (when my indicator moved away from the double top). I didn't take it since the spreads on ISRG options are wider than the grand canyon. Unfortunate since it was a straightforward $3 drop in the share price right after the high of the day. The entry signal point was $293.26, 19 cents from the high of the day... Here is a further chart of the ISRG price with volume charted in profile across price, you can see how the volume dried up near the highs. Entry point shown also in red.
  2. Perishabull

    PositiveDev's trading journey

    The longer term triple top formation Indicator (black) used on QQQQ (blue) with SPY (green) for reference
  3. Perishabull

    PositiveDev's trading journey

    Got out of half the position as the intraday tops were breached. (It was two trades - one short term based on the intraday formation - the other based on the longer term formation). The longer term triple top appears to have formed today, if things stay roughly where they are.
  4. Perishabull

    Alternative needed to HPC?

    Sounds like this professor guy is a pretty hot contra-indicator (I'm off to see where he thinks the markets are heading....bye)
  5. Gross mortgage lending declines in August That's quite a stunning statistic given the UK base rate was 6% back in August 2000. Given the recent sharp MOM fall in prices this could really mark the start of the next journey downwards. Next report 20th October.
  6. Perishabull

    Fraudulent foreclosures

    It's perhaps unlikely but if a hyperinflationary scenario developed whilst this is all being thrashed out, effectively the people involved may even get to keep real estate for free. If the FED has to print to make up for losses (if this ends badly) then perhaps it's not such an unlikely scenario...? This is a potential nightmare scenario for the banks if it drags on since the equity value of these homes could continue to drop for some time... Turning to the UK for those who lied about income on their mortgage docs (and there were a LOT), if (when) interest rates go up and banks want to repossess then legal issues surrounding this aspect could also potentially arise here.
  7. Perishabull

    PositiveDev's trading journey

    An intraday triple top has formed on my indicator for QQQQ (my indicator in black, QQQQ in blue). There is a longer term double top forming at the same time spanning August to October. I've highlighted other double tops/bottoms that occurred during the period along with the difference between those and the price of QQQQ, all of them would have been excellent entries. On a much longer timeframe a triple top is also forming Due to the confluence of tops I've bought some puts on Apple initially, I will need to wait until monday for further confirmation that the longer term triple top has formed, if so I will add more.
  8. Perishabull

    GOLD

    From: http://www.youtube.com/watch?v=KUeQgiVSGw0
  9. Perishabull

    Alternative needed to HPC?

    www.housepricecrash.co.uk is in a bear market, it peaked last year, a crash may be on the cards... Now is the time to buy puts folks
  10. Perishabull

    Alternative needed to HPC?

    ...posted on the new thread
  11. Perishabull

    Alternative needed to HPC?

    That's what's I like about GEI, my thinking has developed a lot and it's contributed to the ongoing development of a trading system I'm working on. HPC is a mish mash of at times very dogmatic views, some of the bright people there seem to be chased away. Can't remember where I read it but I understand the guy who runs it pulls in a lot of advertising revenue due to the volume of people going to the site. I would certainly contribute to it as a poster (most of my time is being sucked up by developing my trading system) Global Edge Habitat Global Edge Abode GEI House Price Cache
  12. You could try a spreadbetting firm but the spreads (and prices) make for an inefficient trade - probably the best way would be to buy long dated put options, you'd need to open an account with a broker
  13. Perishabull

    GOLD

    I think back to your chart Pixel8r's lines and so far it has followed the script - very well done - can you post it again? Do you expect a pull back at $1350?
  14. Perishabull

    Alternative needed to HPC?

    Why not set up an alternative house price discussion website? GEIPropertywatch? Beat them at their own game. That way you make sure only adults and those with at least a 3 digit IQ could join. HPC has veered way off course from what it used to be.
  15. It's off the radar but most certainly on the table
  16. Perishabull

    GOLD

    Don't forget about the Japanese, they will pour some more Yen down the drain I'm sure. ABCD on AUD/USD, exact in price and time...
  17. It would be useful to know how much of the business profit is from home sales advertising and how much is rental advertising.
  18. Perishabull

    Zoomrakers X Factor Betting Diary

    Are there any polls on this? I've not been following it, what's the consensus view?
  19. Rightmove looks like an amazing short at this point
  20. Perishabull

    GOLD

    Looks like a potential topping for gold. Quite comfortable with not owning any.
  21. Perishabull

    SILVER

    Thanks for posting this, I just bought more physical silver on friday!
  22. There are some signs of people trying to flip properties in Glasgow. One that sold last year for £160K and is back on the market (with a coat of paint and some posh wallpaper) for offers over £190K. Another bought for £154K in May is back on the market with a new bathroom for £175K. EDIT - I definitely think Scotland has topped or is topping out now. Just reviewing some of the homes on sale and there are examples of some that are being offered at 15% - 20% more than peak - it's beyond belief.
  23. Perishabull

    Zoomrakers X Factor Betting Diary

    Absolutely brilliant point ZR, about tech analysts, it's just another market after all right? I had originally visited this thread to castigate you for betting on "reality TV" but now realise that it's precisely the fact that it's dross that opens up the marketplace for you. Eg It's (Generally speaking) numbskulls betting on fantasists. However "technical analysts" is a broad brush, some read too much into the long gone past rather than estimating trends from very recent events.
×