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Nice Blog on Stockcharts
http://stockcharts.com/articles/
I used to think I liked volatility, but the market lately is giving me seasickness. Another strange day IMO. Vix jumped a bit and small caps had a big red candle. Still some indecision IMO.
See ya next week.
Volatile day today eh...
a comment on the total market charts... indecision
I don't feel a direction has been decided by one day. The short term trend is down , as seen by the 10 and 20 day moving averages. The intermediate and long term trends are up, shown by the 50 and 200 day moving averages. Markets recently broke to new highs and the momentum is up. BUT...a false breakout will retreat with force, so something to be on watch for. Spinning tops today = indecision.
(link back for charts) and bollies still squeezing
Will do. Thanks
Hi 13,
Been busy with several matters these past couple years. hope you ahd time review and catch some of the updates on the hurst board
b
All World Markets on watch
DOME Technical Trading System. Divergence, Oversold/Bought, Momentum/Money Flow, Entry
This system attempts to find reversals. Reversals are against the trend and therefore have a lower rate of success than trend following techniques. Contrarian trading can be a way to get into a trade at a low price point. Often times out of favor funds offer a good buying opportunity, but you must always have a plan that includes what to do if the trade turns against you. The key to any successful system is protecting capital. Cut your losses short!
D 1. MACD Histogram / Price Divergence
O 2. Oversold or Overbought condition
M 3. Momentum and/or Money Flow
E 4. Entry / Exit
Cancelled stop loss. adding a tight one below opening price. It's trading just below my stop loss. Breaking a rule, but premarket doesn't determine the days direction and I hate being stopped out by a few cents per market. My original stop was less than 1% so I have some wiggle room. Just a note.
Small Caps
DOME Technical Trading System. Divergence, Oversold/Bought, Momentum/Money Flow, Entry
This system attempts to find reversals. Reversals are against the trend and therefore have a lower rate of success than trend following techniques. Contrarian trading can be a way to get into a trade at a low price point. Often times out of favor funds offer a good buying opportunity, but you must always have a plan that includes what to do if the trade turns against you. The key to any successful system is protecting capital. Cut your losses short!
D 1. MACD Histogram / Price Divergence
O 2. Oversold or Overbought condition
M 3. Momentum and/or Money Flow
E 4. Entry / Exit
Nice to see you Wildbilly. I thought I was replying on your good and evil board. Totally confused today. Here's an interesting chart. I remember Auroradude posting a while back about hmm nasdaq down , market up. Soon thereafter the market followed. We'll see what happens here and if this is a leader again this time. Something to definitely pay attention too.
I've been reading here some in the past sir, that post caught my interest. Call/Put ratio is great tool for market sentiment. Thanks for the forum Wildbilly!
Ah, thought you were hiding back here?
Now I've got you, *D**A* and jimmy covered, that should keep me scratching my head for the rest of the year.
I'm mainly a lurker, but I appreciate you guys putting these boards up - good stuff.
EOW note: Judging by the call/put ratio and assorted new High / new Low percentages, I would say the Pro's are set up for a pull back. Maybe extra caution over a weekend with some global tensions up in the air. See you next week. Have a Great Weekend!
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