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| alf44 2,025 posts msg #67934 - Ignore alf44 |
9/30/2008 12:32:49 PM ...this indicator turns on a dime... ~ johnpaulca -------------------------------------------- ...INDICATORS ARE FOR SUCKERS... ~ TheRumpledOne -------------------------------------------- Hmmmm... |
| johnpaulca 12,036 posts msg #67937 - Ignore johnpaulca |
9/30/2008 1:01:08 PM Guess I am a sucker. It's how you use them squiggly. I don't limit myself to a single style of trading, I try to keep an open mind and apply what style is necessary to that particular stock that I'm trading. My Booya worked great last year and most of this year but it's not as effective in this environment, so I moved on and try something else, like MTB....Milk The Bovine or some ruminant animal. |
| dforant1 76 posts msg #67938 - Ignore dforant1 |
9/30/2008 1:01:12 PM Wow, I look at these charts and I'm jealous. Too much for my grey matter to absorb. Just 4 horizontal lines is all I need. Along with Stock Fetcher. hahahha. |
| maxreturn 745 posts msg #67939 - Ignore maxreturn modified |
9/30/2008 1:21:27 PM Yeah, me too JP. I agree that too many squigglies distract from the most important task, analysis of price action and volume. However, in my opinion using just a few simple indicators like moving averages, RSI and Bollinger Bands can give further clarity and confirmation as it relates to trend and volatility. I think it's great that TRO and Alf can trade successfully with nothing but a price chart but my contention is that they are probably in the minority. I've been trading over 18 years and while I've become fairly proficient at reading price I still rely on just a few indicators to give context and confirm entry points and I've done quite well thank you. |
| alf44 2,025 posts msg #67941 - Ignore alf44 modified |
9/30/2008 1:39:35 PM ...just for the record... I've got some so-called "squigglies" on ALL my charts...be they Intra-day, Daily, Weekly...you name it !!! ----------------------------------------------------------------- I WILL say though that with Intra-day Charts...I find these "Horizontal Lines" ... Prev. High / Low / Mid Today's High / Low / Mid Prev Close Today's Open Stretch (which is actually 2 lines based on the Open + - the "Stretch" calculation) - I could elaborate further... Daily Pivots ...to be more helpful in trading Intra-day moves !!! --edit-- Having said that...I still have certain Intra-day set-ups that lend themselves to squigglies...and...I will always have an MA or 2 and an Oscillator on ALL my charts...Intra-day or, otherwise !!! fwiw So...move over "SUCKERS"...make room for one more !!! ------------------------------------------------------------- Regards, alf44 |
| johnpaulca 12,036 posts msg #68666 - Ignore johnpaulca |
10/22/2008 10:12:31 AM DJX... hourly chart. If it breaks support we could see another 200 points drop... imo  |
| johnpaulca 12,036 posts msg #68688 - Ignore johnpaulca |
10/22/2008 3:45:55 PM broken support....timberrrr.  |
| TheRumpledOne 6,407 posts msg #68697 - Ignore TheRumpledOne |
10/23/2008 7:22:32 AM johnpaulca Guess I am a sucker. It's how you use them squiggly. I don't limit myself to a single style of trading, I try to keep an open mind and apply what style is necessary to that particular stock that I'm trading. My Booya worked great last year and most of this year but it's not as effective in this environment, so I moved on and try something else, like MTB....Milk The Bovine or some ruminant animal. ======================================================================== The Buy Zone aka Milk the Cows works in any kind of market. Price must leave the zone, it's that simple. |
| johnpaulca 12,036 posts msg #68702 - Ignore johnpaulca |
10/23/2008 8:52:15 AM Avery...I couldn't agree with you more, yet by nature, I am always looking to try new things, must be the scientist in me. I love the way you trade, very simple yet effective now go milk the bovine...lol. |
| johnpaulca 12,036 posts msg #75678 - Ignore johnpaulca |
6/20/2009 4:46:17 PM Source: Amateur Investors Weekend Market Analysis for 6/20/09 Question: The significance of when the 50 Day Moving Average crosses above the 200 Day Moving Average to the upside and the performance of the market when it occurs. After doing some research here is what I have found going back to the late 1890's involving the Dow. Since the late 1890's their have been 69 occurrences when the 50 Day Moving Average has crossed the 200 Day Moving Average to the upside with the last one occurring in early September of 2005. Overall when the 50 Day Moving Average has crossed above the 200 Day Moving Average the Dow hasn't performed that well over the next 1 to 3 Months as shown in table below. However over a longer timeframe (from 6 to 12 Months) the Dow has slightly favored a Positive Return of varying magnitudes although it's certainly not a given the Dow will be higher over a longer period of time. 1 Month 3 Month 6 Month 12 Month Performance Performance Performance Performance # of Positive 39 35 41 43 Returns (57%) (51%) (60%) (63%) # of Negative 30 34 27 25 Returns (43%) (49%) (40%) (37%) |
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