StockFetcher Forums · General Discussion · DJI<< 1 ... 2 3 4 5 6 ... 7 >>Post Follow-up
chetron
2,817 posts
msg #65142
Ignore chetron
7/17/2008 10:53:55 PM

PLEASE DON'T THROW AWAY A 1000 POINT PULLBACK.



alf44
2,025 posts
msg #65144
Ignore alf44
7/17/2008 11:04:03 PM

THE TREND IS DOWN !!!


Trade accordingly !!!


Regards,

alf44


johnpaulca
10,096 posts
msg #65211
Ignore johnpaulca
7/19/2008 1:22:18 AM

alf44...can't argue with you, the trend is down, we still have some major moving averages to overcome before we can turn this thing around and it helps if you have a short time frame.

alf44
2,025 posts
msg #65212
Ignore alf44
modified
7/19/2008 1:32:16 AM

..."it helps if you have a short time frame..."

--------------------------------------------------------

YES...AND...NO !!!

Actually...I try to remind myself...ALWAYS...of my LONGER TERM...Market bias...(ie... currently BEARISH) ... and take trades that fit...within that "LONGER TERM" bias !!! fwiw

The TREND IS DOWN !!!


Regards,

alf44


PS. Doesn't mean you don't ALSO take "LONG" trades (ie. BULLISH positions) ...

...just know that within the overall "bias"...these trades MAY be "counter-trend trades" !!!


Therefore...TRADE ACCORDINGLY !!!

johnpaulca
10,096 posts
msg #65213
Ignore johnpaulca
7/19/2008 1:40:44 AM

VIX...it needs to break above the majenta trendline as shown in chart for the market to continue up, if it doesn't then we go short.

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johnpaulca
10,096 posts
msg #65214
Ignore johnpaulca
7/19/2008 1:43:51 AM

Well put Alf....thanks.

chetron
2,817 posts
msg #65228
Ignore chetron
modified
7/19/2008 11:24:08 AM

fwiw ;)

your magenta slopes are weakening and the would be uptrend slope is strengthening.



johnpaulca
10,096 posts
msg #65244
Ignore johnpaulca
7/19/2008 5:18:39 PM

VIX...some serious moving averages need to be broken, ema(34) and ema(100) and don't forget upper BBand. We could see some sideways meandering for the rest of the summer.

johnpaulca
10,096 posts
msg #65340
Ignore johnpaulca
7/22/2008 4:36:29 PM

Looks like all the oil forces are aligning themselves. Hang in there longs.

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kenrun01
1 posts
msg #65341
Ignore kenrun01
7/22/2008 4:56:41 PM

johnpaulca, I am impressed with your approach and clearly your results, I notice you use NeoTicker and I am not familiar with some of the indicators you use. I have been using stockcharts and have had good luck with it, but I would love to know more about your indicators.
kenrun

StockFetcher Forums · General Discussion · DJI<< 1 ... 2 3 4 5 6 ... 7 >>Post Follow-up

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