StockFetcher Forums · General Discussion · Can anyone tell me how he knew ... ?<< 1 2 3 4 >>Post Follow-up
karennma
6,386 posts
msg #57107
Ignore karennma
11/28/2007 3:57:56 PM

I'm talking about M4M's VIX chart overlayed with the Q's.


EWZuber
1,373 posts
msg #57108
Ignore EWZuber
11/28/2007 3:59:05 PM

I use what I call the Convergent Stochastic Theory. It called for a bounce right at the COMP 50 WK.MA which is exactly what happened.

Take a look at a Daily and Weekly Chart and note the cooresponding oversold conditions in both time frames just as the COMP was testing the 50 WK.MA as support. Slow stochastics fast %K and slow %D had already converged.

Then move your focus to the shorter time frames. Note the Hourly Chart where we have a double bottom pattern. Then this morning the COMP gapped up exactly to pattern resistance and confirmed it as support first thing.
The fact that this all took place right at the 50 WK.MA as support ties it all together.

karennma
6,386 posts
msg #57112
Ignore karennma
11/28/2007 4:11:15 PM

ok, Nikko.
I got it.
I have certain formulas I HAVE to work with ....
$SPX did NOT break 1400, therefore .....
thanks.


welliott111
98 posts
msg #57117
Ignore welliott111
11/28/2007 4:27:46 PM

http://seekingalpha.com/article/47251-etfs-with-a-50-correlation-to-the-vix

Use some of these as your VIX indicator in SF

EX. ind(sds,rsi(2)) > 95
ind(sh, rsi(2)) > 95


Add this to your big movers such as TRO's "jumper" filter
or any high day range filter

marine2
805 posts
msg #57149
Ignore marine2
11/29/2007 1:59:43 AM

What's the big deal? We knew the credit markets were punishing the markets, we knew gas was flying upward, we knew housing was horrible, we knew the market could very well go down 10%.

Look at history and you will see, to sustain markets we need to see temporary rests. This fuels the markets to accelerate to greater heights.

Our lives depends on these markets to thrive. This is why we have mechanisms to giggle things, either by lowering the fed rate, convince Opeq to put out out more oil to lower the barrel of oil, and calm hostile countries down and behaving for the betterment of our world.

Bottomline, when times look bad, don't gamble on stocks, sit tight and let the system stablilze then when commons sense tells you its ok to dive in again then go right ahead.

Always remember the well used phrase, the pause that refreshes.

petrolpeter
439 posts
msg #57151
Ignore petrolpeter
11/29/2007 4:33:32 AM

I see nothing?Create a couple filters.Put the date offset at the beginning of this short covering rally.Results should be all green,if not toss into the recycle bin.

maxreturn
745 posts
msg #57179
Ignore maxreturn
11/29/2007 3:16:21 PM

"...Can anyone tell me how he knew?" Karen, please. He didn't. If you would take the time to go through his postings during the July decline and also in the recent decline he was calling bottoms all the way down. My breadth indicators and technical analysis indicate that we may indeed have put in an intermediate term bottom BUT it would be wise to look for confirmation before you go all in on the long side. Take the time to look at past declines to see when the market really took off. Until price is able to rally above at least the ema200, ideally the ema50 and then finds support, there is no confirmation. IMHO even if the market does rally it is likely to be stopped cold at the October highs. VERY formidable resistance at that levels. My 2 cents.


TheRumpledOne
6,358 posts
msg #57188
Ignore TheRumpledOne
modified
11/29/2007 6:18:59 PM

Fetcher[
symlist(qqqq,dia,spy)

add column rsi(2)
add column rsi(2) 13 week low
add column rsi(2) 26 week low
add column weekly rsi(2)
add column weekly rsi(2) 13 week low
add column weekly rsi(2) 26 week low
]



That's how!


karennma
6,386 posts
msg #57192
Ignore karennma
11/29/2007 7:27:29 PM

Holy mackerel!
Now THAT tells me something!!
WOW!!
Thanks, TRO.
I owe you an Xmas gift!

;>)
ewe's truly,
k.


TheRumpledOne
6,358 posts
msg #57193
Ignore TheRumpledOne
modified
11/29/2007 7:32:32 PM

Well, I posted the BOTTOM FINDER STATISTICS filter just a couple of weeks ago.

Aren't you traders using these tools?

Fetcher[
/* BOTTOM FINDER STATISTICS - How many times has it hit bottom */

set{LOW5, count(close equal close 5 day low, 100)}
set{LOW13, count(close equal close 13 day low, 100)}
set{LOW26, count(close equal close 26 day low, 100)}
set{LOW50, count(close equal close 50 day low, 100)}
set{LOW200, count(close equal close 200 day low, 100)}

/* VOLUME CALCULATIONS */
set{v, volume 1 day ago}
set{volinc, volume - v}
set{volpc, volinc / v}
set{volpct, volpc * 100}

set{VolZ, days(volume < 1,100)}
set{VolUp, days(volume is below volume 1 day ago,100)}
set{VolDn, days(volume is above volume 1 day ago,100)}
set{VlXvl, VolUp - VolDn}

set{vck1, volume 1 day ago }
set{vck, volume / vck1 }
set{vdbl, days(vck < 2, 100)}

/* END VOLUME CALCULATIONS */

/* selection criteria */

symlist(qqqq,dia,spy)

and add column LOW5
and add column LOW13
and add column LOW26
and add column LOW50
and add column LOW200

and add column VlXvl
and add column Vdbl
and add column volpct

sort column 9 descending
]




Fetcher[
/* RSI 2 SLOT MACHINE */

and add column RSI(2)
and add column WEEKLY RSI(2)
and add column separator
and add column RSI(2) 5 day low
and add column RSI(2) 13 day low
and add column RSI(2) 26 day low
and add column RSI(2) 50 day low
and add column RSI(2) 200 day low
and add column separator
and add column WEEKLY RSI(2) 13 week low
and add column WEEKLY RSI(2) 26 week low
and add column WEEKLY RSI(2) 52 week low

/* selection criteria */

symlist(qqqq,dia,spy)

sort column 5 ascending
]



And if you don't like RSI(2) then just substitute your favorite "squiggley line" indicator...LOL!




StockFetcher Forums · General Discussion · Can anyone tell me how he knew ... ?<< 1 2 3 4 >>Post Follow-up

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