Thanks m_winston! eom.

Thanks Naz! eom.

Does anyone know of a service for pagers that has real-time market quotes?

Back to cash...

Closing longs and taking profits from my Dec.9th entry.

Dow was at 9923
S&P500 was at 1060
Nasdaq was at 1908

Strategy...

Still holding the longs from Dec.9th when the 60 minute had positive divergence.

"Good enough for a nice pop" is now an understatement!

Friday showed slight negative divergence on the 30 minute but the 60 minute looked ok so I held my long position.

There may be a surge of profit taking after this pop, then later in the week, higher prices with a lower MACD on the 60 minute. That's when I plan to pull the plug on my longs. The denmo6/daily remains on the buy signal that was generated the day after Thanksgiving.


http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID345695

Back in long...

Positive divergence on both the 30 and 60 minute time frames. Should be good enough for a nice pop.


http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID345695

That negative divergence saved me 52 downside Nasdaq points.

Negative divergence...

On both the 60 minute and daily time frames.

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID345695

The giant wedge has been broken and backtested.


http://www.ttrader.com/mycharts/display.php?p=16674&u=denmo83&a=denmo


http://www.ttrader.com/mycharts/display.php?p=16677&u=denmo83&a=denmo''s%20charts&id=239


http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID345695

I'm out...

The wedge was broken and back tested.

http://www.ttrader.com/mycharts/display.php?p=16674&u=denmo83&a=denmo's%20charts&id=239

I'm in...

http://clearstation.etrade.com/cgi-bin/bbs?post_id=4954444

The wedge and the apex...

http://clearstation.etrade.com/cgi-bin/bbs?post_id=4949215

Back to cash at the close...

Taking profits.

http://clearstation.etrade.com/cgi-bin/bbs?post_id=4945128

100% long at the close...


The denmo6 issued a buy signal at the close Friday. I wanted to buy in yesterday, but with the price out the top of the bb''s, I couldn''t buy in. Today''s pullback gave me the opportunity.

Well...

On Oct.6th, my setup signaled a buy signal at SPX1034 and I said I wasn't buying it.

http://www.investorshub.com/boards/read_msg.asp?message_id=1542466

I still don't know if this is THE plunge everybody's been thinking about, but I still see no reason to buy this dip just yet as the 60 minute chart shows NO positive divergence just yet. I will say, when the divergences show up in the daily charts like we have right now, it's usually a big move.

Case in point is the positive divergence that showed up last March when I was buying with both hands at the same time I was accused of being insane.

http://www.ttrader.com/mycharts/display.php?p=15848&u=denmo83&a=denmo's%20charts&id=239

pezman...

That was my point.

I'm back in my favorite gold fund, SGLDX as of today's close. I'm going by the rules with this one. The denmo6/gold on the HUI goldbugs triggered the official buy signal.

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID345695

==========================================================================================

I find it interesting that the leaders in the markets are getting creamed, yet the market is still going up without strength behind the move as measured by the negative divergence in the MACD as well as the rest of the indicators.

Take a look at the following charts of GE, 11% off it's recent high and IBM, more than 6% lower than yesterday's high. Note the negative divergence on the IBM chart :

http://stockcharts.com/def/servlet/SC.web?c=GE,uu[h,a]daclyiay[db][pc13!c50!f][vc60][iUa12,26,9!Lp14...

http://stockcharts.com/def/servlet/SC.web?c=ibm,uu[h,a]daclyiay[db][pc13!c50!f][vc60][iUa12,26,9!Lp1...

==========================================================================================

EBAY was taken to the woodshed in the after-hours session today. Whatever they said in their earnings report after the bell was enough to drop the stock more than 6% in addition to the 7% it already lost since last Thursday. This will not bode well for the internet sector tomorrow:

http://stockcharts.com/def/servlet/SC.web?c=ebay,uu[h,a]daclyiay[db][pc13!c50!f][vc60][iUa12,26,9!Lp...

==========================================================================================

While I fully understand that my denmo6 on the S&P500 has been on the buy signal since Oct.6th at SPX 1034, some 16 points ago, I remain in capital preservation mode due to the negative divergence in the markets. I still do not feel this is a good time for me to be in the markets, therefore I remain in cash.

lonestar...

You have mail, sorry for the delay.

Let me know...

When those negative divergences are resolved. The market can't go too much higher without internal strength.

http://stockcharts.com/def/servlet/SC.web?c=$SPX,uu[w,a]daclyiay[d20030306,20031007][p][vc60][iLd20!...

http://clearstation.etrade.com/cgi-bin/bbs?post_id=4841003

excel...

Stockcharts.com
Clearstation.com

Both of these have great tutorials. Check out MACD, stochastics, CCI, ADX, RSI. Each represents a form of market strength level. Understanding when they trigger buy and sell points are the key. It's an ongoing learning process. Once you identify a trigger point, training yourself to trade what you see is part 2.

Spend extra time learning the MACD. At stockcharts.com's chartschool, they have a 4 part series. It is not something to be read and it's over. It's like a text book to be studied.

http://stockcharts.com/education/IndicatorAnalysis/indic_MACD1.html

Don't be in a hurry to trade. Be more anxious to learn than to trade. Learn patience. You don't have to capitalize on every twist in the market. I identified the pop that was coming this week, but I didn't trade it. I missed the move up as did lonestar. SO WHAT! I can't stress that enough. The denmo6 was on the sell and I wanted to see how the market reacts to positive divergence while on the sell signal. Now I LEARNED and in the future I can capitalize. If my heart is going to get broken when I miss a move or a trade goes against me, I need to find another hobby. I deal with it, therefore I can keep my hobby. It's all about psycology. Speaking of psycology, this explains my stance on technical vs. fundamental analysis:

http://ragingbull.lycos.com/mboard/boards.cgi?board=GE&read=65632

Herd mentality:

http://ragingbull.lycos.com/mboard/boards.cgi?board=GE&read=65162

My responses:

http://ragingbull.lycos.com/mboard/boards.cgi?board=GE&read=65169

http://ragingbull.lycos.com/mboard/boards.cgi?board=GE&read=65171

lonestar...

I've got a couple of points I'd like to address. If they pizz you off, deal with it.

1. Why are you trading someone else's system and complaining? I'll assume your complaining as you call me out directly and attach a frown to it. Get your own system.

2. If you were following along, I've made 3 identifications in a row where there was negative divergence in the 60 minute charts and that pull backs were coming. They did and I capitalized on them. It appears as though you didn't. I also posted on my 60 minute chart the positive divergence that developed on Tuesday, at SPX 996, some 44 points below today's high.

3. If you jump into someone else's system mid-cycle, you assume the risk.

4. The "official" sell signal came early on Sept 24th in the upper 1020's on the S&P500. Today's close was 1029.85, pretty much a sideways wash.

Be careful when you make bad trades and then look for a scapegoat. I tell my guys when you make a positive trade off of something I've said, that's great. When you lose a penny, I don't even want to hear it. Take it to your local support group. I quit trading for almost a year so I could figure these markets out. Best thing I ever did. If you're going to keep trading off of my advice, jump on that little tidbit.

Grow up. This ain't grade school. I do my best to help. Be responsible for your own actions. Learn to read the 60 minute chart and the daily chart. It's all about time frames.

m_winston...

I subscribe to the theory that all ship roll with the tide. Which ever signal is on, long or short, pick out YOUR favorite ones and go with it.

Still on the sell signal...

http://stockcharts.com/def/servlet/SC.web?c=$SPX,uu[w,a]eaclyyay[d40][p][vc60][iua12,26,9!lp14,3,3][...

No...

Still on the sell since Sept.24th.


We had positive divergence on the 60 minute chart yesterday, which produced today's upside move. Just past the 50% retrace of the move down from 1040-990. So far, Id say the party is over and down we go.

To be continued...

Naztrader...

No.

The denmo6 registers a sell signal...

Taking profits from the denmo6 buy signal of August 14th at S&P500 990.5

Gone to cash and counting my loot.

Buzzonthebeach...

Thanks for the compliments.

I've only recently experimented with options.

My 401k and gold are my main concern.

My 401k is up 31%YTD and 67% since July 23, 2002.

Mom's account(SGLDX) is up 41% in 6 months. What a goldmine and it's only just begun.

lonestar...

I was VERY clear and to the point.

Turn off the Astros and fill up that boot!

Go Cubs!!!!!

Pulled back to backtest the breakout of the box and trendline.

http://www.ttrader.com/mycharts/display.php?p=15204&u=denmo83&a=denmo's%20charts&id=239

m_winston...

How was that for a small pull back?

Back in long at the close today.

m_winston...

Yes I am. It will be a small pullback on the 60 minute charts that will preceed a trend change bias on the daily chart. A heads-up so to speak.

I can't quite figure how some people can make statements like 3dr qtr. recovery, 2nd half recovery, next Spring, etc.

I use the daily to tell me the current bias. Period. I go to the 60 minute charts to let me know the short term direction.

Very helpful for my 401k in these difficult times which is up 30% year-to-date and up 66% from my bear market low on July 23, 2002.

Thanks lonestar...

BTW, feel free to pick something out of Victoria's Secret to fill up that boot. LOL.

m_winston...

It's been on the buy since August 14th.

Someone actually sent me an e-mail telling me I should be called dumbo instead of denmo. Do you think they're still short? LOL!

Due to the prolonged sideways box we were in for 3 months:

http://www.ttrader.com/mycharts/display.php?p=14760&u=denmo83&a=denmo's%20charts&id=239


I had to resort to the 60 minute charts for short term trading:

http://www.ttrader.com/mycharts/display.php?p=14477&u=denmo83&a=denmo's%20charts&id=239

Negative divergence on both the 60 minute and daily has put me on the sidelines again today:

http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID345695

Thanks for the votes!

http://www.ttrader.com/mycharts/display.php?p=14888&u=denmo83&a=denmo's%20charts&id=239

http://www.ttrader.com/mycharts/display.php?p=14866&u=denmo83&a=denmo's%20charts&id=239

http://www.ttrader.com/mycharts/display.php?p=14865&u=denmo83&a=denmo's%20charts&id=239

I'm just stepping out because of what I see on the 60 minute chart.

I want to step aside for the pullback within an uptrend. Should the pullback become more severe, it gives me a head start on a reversal. I'll keep considering it an uptrend until my 6 tell me otherwise.

I pay no attention to institutional selling, or anything else for that matter. Three years ago I listened to outside influences and got flucked. Now I listen to me(and Mo too, of course).

Going to take profits at the close.

Closing the trade initiated on August 14th with the S&P500 at 990.5.

Looking for a short term pullback. Will re-enter in about a week, +/- a day or 2.

Need spell check. pland = plans.

making_ground...

I don't have a three day forcast, but I'll tell you my pland. I'm watching the 60 minute chart for negative divergence. If we get a small pullback, then pop to higher highs without the MACD making a new high, then I'll exit. We are out the top of the bollinger bands on the daily and we usually don't stay outside the bands for too long.