StockFetcher Forums · Filter Exchange · the "newest" Elder thread<< 1 2 3 4 5 ... 12 >>Post Follow-up
chetron
2,817 posts
msg #64089
Ignore chetron
6/20/2008 11:16:41 AM

could you share your version, also?

tia chetron



FuriousThug
256 posts
msg #64090
Ignore FuriousThug
6/20/2008 11:39:12 AM

The common thread between those two trades was an Elder Ray reading far above the zero line as well as an expansion (divergence)...as well as noting big AH and PM moves. I'm basically using the filters that have already been posted and just looking over the past week at how those stocks behave and finding the patterns that seem to perform best.

Some of the things I'm looking at:
1) where the divergence in bull/bearpower lies in relation to the zero line (is it straddling? above? below?)
2) WR%R(2) and FI moving together?
3) WR%R2 divergences

One interesting thing I noticed was how the following screen performs vs. the market:
bullpower up, bearpower down, RSI(2) above 80, WR%(2) above -50

With 2 exceptions out of 45 stocks on 6/17, every single stock that had the ER divergence above the zero line and both FI and WM%R rising went up...on a pretty strong down day in the markets. I like those odds.

Todd

FuriousThug
256 posts
msg #64092
Ignore FuriousThug
6/20/2008 11:48:42 AM

Incidentally, I did the same exact option trade on MOS yesterday (6/19) for a nearly 600% gain.

Bought 1 x MOS Jun160 put @ $1.15 8:31am
Sold @ $7.40

arby347
87 posts
msg #64093
Ignore arby347
6/20/2008 12:16:28 PM

FT, what time frame charts are you using?

FuriousThug
256 posts
msg #64094
Ignore FuriousThug
6/20/2008 12:28:43 PM

EOD

WALLSTREETGENIUS
983 posts
msg #64095
Ignore WALLSTREETGENIUS
modified
6/20/2008 12:42:57 PM

- DELETED BY THEMIGHTYRIGGS HIMSELF -

FuriousThug
256 posts
msg #64096
Ignore FuriousThug
6/20/2008 12:46:36 PM

So should I be selling my SDS and DXD shares during this lull?

WALLSTREETGENIUS
983 posts
msg #64097
Ignore WALLSTREETGENIUS
modified
6/20/2008 12:55:12 PM

- DELETED BY THEMIGHTYRIGGS HIMSELF -


EdmondDantes
20 posts
msg #64099
Ignore EdmondDantes
6/20/2008 1:08:05 PM

Hello Riggs,
This is a powerful tool I have been watching the effects of the Bear Tick. Can you please give one more example of divergence with one of your trades as you buy and sell. I will print this up and read it like a thousand times . Sorry to bother you so much today , I just really want to learn .

Chris

WALLSTREETGENIUS
983 posts
msg #64101
Ignore WALLSTREETGENIUS
modified
6/20/2008 1:15:29 PM

- DELETED BY THEMIGHTYRIGGS HIMSELF -

StockFetcher Forums · Filter Exchange · the "newest" Elder thread<< 1 2 3 4 5 ... 12 >>Post Follow-up

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