Traders & lurkers + cad charts>>>

you pathetic little creatures, how easily you are lead, like sheep to the slaughter.

ask yourselves; do you feel good when reading cad92648 charts? should you feel good Before you win or After?

Yes, nasdaq could very well reach 2900. But none will get you there faster, than your own diligence.

lol

cad92648, like your charts-->>>

they are colorful

Woodfish, nice charts,

i like it and if your view is correct, the comp will drop like a rock to 2132, or 2100.

my add-on; the daily macd crossed, the $nasi is up and the pattern looks like a bullish wedge (flag).

in anycase, we will know soon enough, I want to see 2232 again just to shake-out a few bulls.

lol

COMP daily

Position

(correction), JNPR 30% long, currently .03% in the hole,
I already took a loss today and am taking this pain, one more day.

2X-Be-Me, drops below 70,

correct, breaks below 70, sell

2 more good examples are Nov/Dec-05 time frame, and the OCT 24 time frame.

The OCT/24 rsi-5 was (a hurt'n) for some traders,

My current findings, validates rsi-5 below 30. If we get to rsi-5 >70, we'll all have to analyze those market conditions,

Vestor_2000, RSI-5

I have not been consistent with spx macd, so no answer there.

But will try to answer your question in relation to NDX. In a "up market" you would sell when rsi-5 is above 70/80. In a hard trending market you would wait a few days then let rsi-5 take you out on the break. Follow thru with stochs and macd.

AT any point (at the top) rsi-5 above 70, when your in the greedy money (not just plain money), cash-in.

Support/resistance also coincide with this play

thats my part, lol

SPX daily chart
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=6&dy=0&id=p67912094637

Orders position change INTC

cutting intc loose, for a .01 loss
yesterday i said intc was frustrating me and would give them one more day. There is still upside potential for intc, but at this juncture, it is a distraction.

position jnpr 40%, long

re; Pokersam, channels

thanks brother, that truly helps.
i wonder'ed why some symmetricals do not work (break to the opposite side) its a "bigger picture".

That chart says i have another advanced level to go. I enjoy the level i'm at (new toy) and will stay here awhile. It's really great when a symmetrical comes thru. Now i know how that head got so big :)

lol and thanks again.

Dell is down in AH?

must be a mis-print

QQQQ to 42.18 (chart)

this is how i have Q's to 42, with a 3 day 15 min. symmetrical (red-line) and another one forming (blue-line)

on another note for daytraders, look at what happens after a spikey candle.

Q's #day 15 min.

Pokersam analyze this symmetrical chart,

this one really piss'ed me off, so much i would not long it today (i'll get over it, yes i will)

i have had great fortunes in the last 2weeks with symetricals, sbux,msft,btu,cop, daily or intradays,

did i draw the lines in the wrong place? angle too steep? the need to close the gap was stronger?

re; Orders and position change

add JNPR 40%, INTC 60%,

Orders and position change

sold BTU .07% gain
hold INTC, one more day, currently .01 gain.

position is long 60%

Next Play, macd trend

The price has crossed the red-line (symmetrical). And i do not like it. It goes against my downside sentiment. However, (it is.. what it is). So,regardless of what i "feel", the line has been crossed. And to be fair, i drew the lines with red candles only.

Look for a full body candle above the trend line at the close. Full body below the line and I will *NOT* long. Stoch is kinda weak looking, but up is the direction. And of-course, macd cross-over to follow. Also i included a link to macd histos. (60,130,45) will be the clicher. I am cautious going up.

preliminary upside numbers for Q's is $42, S&P 1185

QQQQ histos
http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&yr=0&mn=3&dy=0&id=p64351538031

Q's Daily chart

Next play, MACD cross-over, eom

RSI-5 post-play review

1, RSI-5 dipped below 30 on feb 3 and signaled a buy,
2, we knew from historical accounts NDX-QQQQ had entered bottom,
3, again from historical figures we found our upside target is rsi-5=50 or mid-bollinger
4, (like a finely tuned instrument) hit target =50 at the close feb 15,
5. the play lasted 9 trading days

Post-play analysis;
This message is to validate and confirm the consistency of the RSI-VTO play.You can see by this Months action, RSI-5-VTO is a text book play. The only thing I would add to this play, is do not enter until day 2.

Todays Orders

no new target numbers

position is long BTU 40%, INTC 60%,

I am about to cut INTC loose, out of frustration

DOW, S&P lines broke-out,

at the close, based on DOW resistance, S&P trendline your position in DIA & SPY should be long.

as for Q's, it would be foolish of me to throw in the towel before the line is crossed

Index indicators at resistance

nasdaq, ndx, s&p, dow, are at resistance by price or by trendlines, the battle will end today or tomorrow, unless we go into overtime :)

$NDX (not Q's) needs to close above 50 to close-out that play. Then will either move up to stoch play (trending mode) or stay in this symmetrical for the downside play.

I am betting on the symmetrical to win. So my home-work for tonite is prepare to be wrong (mind-set). And will not be looking at any charts. Let the market be the guide.

Why wait for confirmation?

most already know this but i'll post it for others;

Why wait for confirmation? So we don't chase and get whipped. Which really puts a strain on confidence and on gains.

1, lets say our price range is $40-$45, resistance @41 and price break @42, thats a .024% break, (you are now behind)

2, the good news is you still have a .07% gain posibility, thats been confirmed by your stoch, macd, $nasi

3. so all it cost you was .024% plus one day. I would trade .024 for .07 any day.

4. lets say you're confident and short @ 41 (resistance) then price goes against you to 42. that is still only .024% and only lowers your upside gains to .046. The real trick on this trade is (mind set). Change when you are wrong...However, if this trade was a good short. You have just added gains to your finance and more importantly add 1 tick on the confidence meter.

thats my unsolicited 101 for today, lol and happy trading

Don't Chase it,

let it go, (fear and greed) you have not missed anything yet.
this is actualy an opportunity to draw the line. to prepare for the break.

If you have a downside bias, it is better to let this day go. Gives you time to draw the lines and look for upside confirmation. This is not the time to chase price, its time to change mind-set. Don't listen to the Bull noise. Do your home-work, if it breaks go with it.

RSI-5 play is about to end, target =50 and mid-bollingers on the daily chart. Next play for upside confirmation is the daily stoch & macd.

if you are behind; its more important to change view, than to chase price

Todays Orders

no new orders

buy at 40.30, sell 41.37/.50
buy on red day, sell green day (yes its a play)

yesterday was also a higher low? is that what its called?

RSI-5 play is still in command. The play re-starts again with double-dip below 30 and ends with close above 50.

woderboy, i got it.

http://www.cboe.com/

options trader

You are an options trader.
Interesting. that is my next move. where do i start?

wonderboy, QCOM Chart

is that a pennat first 2mos of 2006? what is the target?

wonderboy QCOM

i can relate to the daily chart. what is the target?

TRADING TOOLS, rev 1

1, RSI(5), enter/exit trade
2, STOCH, support for rsi
3, MACD, to hold current position
4, $NASI and Weekly Chart, for trend bias,

Images
http://www.imageshack.us/

Q's
http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&yr=0&mn=6&dy=0&id=p89077701418

trix4,1
http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&yr=0&mn=3&dy=0&id=p97114952368

VTO-REPORT
http://www.vtoreport.com/rsi.htm

candles
http://www.litwick.com/glossary.html

patterns
http://www.chartpatterns.com/

patterns
http://wongken96815.tripod.com/ChartPatternsEW.pdf

Prophet
http://www.prophet.net/

Briefing
http://www.briefing.com/

Brinker
http://www.bobbrinker.com/secure/mktmrpdflogin.asp

BOA
http://www.bankofamerica.com/premierbanking/

http://www.americanbulls.com/

http://tradeguru.com/

CBOE
http://www.cboe.com/

rev 1, added imageshack, prophet.net,

re, oops,

sorry,
the second part of that message was not suppose to be part of the header

POKERSAM!!!

get your ass on the post!

Market View, for RSI-5 Traders.

In the last 2weeks i have been calling the rsi-5 play with consistentcy. Its not cause of me, its cause the vto-report is consistent, and i run my plays from that "known" point.

The current upside situation with DOW and S&P does not directly effect the play we're in. If it does, it will be obvious.

Tech, Nasdaq, Q's, SMH are the market leaders, when the nasdaq goes, so goes the market. We, the leaders, (RSI-5 traders) have not broken any lines yet. When that happens, we will know. As for sector rotation, that play is limited.

1, RSI-5 play is still in-effect
2, Support/resistance play is in-effect
3, Buy red-day, sell green-day is in-effect,

Market View and SPX

i have no numbers for S&P, too focused on Q's rsi-5 play,

I do have comments;
The numbers i have are from rcptrader and pokersam, 1245-1275. So i do believe we are at resistance. Tomorrow will be the test of your trading abilities. Draw your trendlines, go with the side of the break.

Why i think upside is limited;
I'm short on time and am making this comment prior to looking at market summary. $nasi is down and most of my weekly charts are down. Dow and S&P are at resistance. But they failed to take the leader with them (to resistance), QQQQ, &sox $comp are the leaders....

be back later with rsi-5 play

SPX, deciding moment is here

broke 1275, a follow thru tomorrow will clinch spx updside intentions

QQQQ, however, target not met, rsi play not yet complete, trendlines not broke.

me? time to do home-work decide market direction in the morning.

2X-Be-Me, Dow hits 11,000,

sorry i don't follow the dow,
but a quick glance says you have a double top,
so YOU are set-up for a double top break-out or break-down,

which-ever way, get supporting indicators confirmation

RSI(5) and S&P

the play at spx1275

the spx symmetrical showing (in my opinion is bearish)
a break above that will be a fake-out or break-out,
regardless, i will go with it, if i get support from the daily stochs,

in relation to QQQQ;
it will set-up rsi-5 to 50 or mid-bollingers,

at spx 1275 juncture is where your bias (mind-set)needs reviewing.

SPX daily chart

re; RSI(5) and S&P upside

rsi-5 on spx has broke thru 50 (minimum target came early)

there is a good chance will hit 1275 before 1245.
if this is the case, prepare your views in relation to QQQQ,

sorry fo the lazy charts

SPX daily
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p83386841926

QQQQ daily
http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&yr=0&mn=3&dy=0&id=p67017150467

Order and Position change

sold Q's at 40.61 for .31cent gain

position;
long INTC based on bottomming action
long BTU based on price action (cocky move)

Sell on Q's has nothing to do with rsi-5 play. I seen an opportunity and took it. INTC and BTU results will not be posted with future QQQQ trade results. These trades and trades like sbux & siri are side deals and seperate from vto system.

Todays orders

has changed slightly
sell 41.15 to 41.37 and buy/cover 40.30

set your targets. red is sell, blue is buy,

Also, we are getting close to the break-out.
(a guess) is, price hits resistance one more time, drops and shoots thru support. Either way it goes, one line is gonna break.

Q's daily chart feb13, Chart is old, play is the same,

re; S&P upside,

one more thing.
the meat of that message is; i build my confidence from RSI-5. Prepare your daily combinations and set-ups around it (or your favorite known point). Those people from the vto-report have done a great job with years of "consistantcy".

http://www.vtoreport.com/rsi.htm

RSI(5)and S&P upside

the upside; the last 8 of 9 S&P rsi-5 break-outs (12months) resulted in the rsi-5 indicator reaching 70 before returning to 30 and 50 is minimum target.

SPX daily chart
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p83386841926

MSFT should go green tomorrow,

msft had an intraday low of 26.34, testing the jan24 low, 26.22, I believe this giant from Redmond WA, is due for a bounce, at the very least stop bleeding enough so the Q's can now have a good shot at rsi(5)=50.

http://finance.yahoo.com/q/hp?s=MSFT