Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Our Irish friend has it just right..good one. Indeed..I wonder if we could swap a million anti-American dissidents who always complain about America (aka liberals), for about 100 of those kind of Irishmen? It would be an uneven deal for Ireland, but maybe if we gave them a boatload of money too.
dang...sorry, sorry...how do I delete messages and clean this mess up?
http://stockcharts.com/h-sc/ui?s=UWM&p=D&yr=0&mn=9&dy=0&id=p95683049111&a=138586803&listNum=1
RUT looking good. Nearly has the third white box filled..trix and aroon confirmation. Maybe we get the runup into Sept that Walker has predicted.
One of the nice things about the Renko's is it leads to following two basic tenets of successful investing:
1. Limiting losses (assuming one takes each reversal, and ignores any whipsaws as part of the cost of doing business..taking the trix crossovers seems to help).
2. Staying with the trend. (stay with the trend until a reversal occurs).
http://stockcharts.com/h-sc/ui?s=UWM&p=D&yr=0&mn=9&dy=0&id=p95683049111&a=138586803&listNum=1
RUT looking good. Nearly has the third white box filled..trix and aroon confirmation. Maybe we get the runup into Sept that Walker has predicted.
One of the nice things about the Renko's is it leads to following two basic tenets of successful investing:
1. Limiting losses (assuming one takes each reversal, and ignores any whipsaws as part of the cost of doing business..taking the trix crossovers seems to help).
2. Staying with the trend. (stay with the trend until a reversal occurs).
http://stockcharts.com/h-sc/ui?s=UWM&p=D&yr=0&mn=9&dy=0&id=p95683049111&a=138586803&listNum=1
RUT looking good. Nearly has the third white box filled..trix and aroon confirmation. Maybe we get the runup into Sept that Walker has predicted.
One of the nice things about the Renko's is it leads to following two basic tenets of successful investing:
1. Limiting losses (assuming one takes each reversal, and ignores any whipsaws as part of the cost of doing business..taking the trix crossovers seems to help).
2. Staying with the trend. (stay with the trend until a reversal occurs).
Fox..how is the development of your V signal progressing? Do you think you will have a viable commercial product at some point? regards.
The greens and the hip-hops merged.....well, something is right in this world, isn't it? lol
Who is their candidate, I wonder? Cher?
Any movement that takes votes away from the dems, is very positive. All you libs vote green-hop in November. lol.
Hi Gleno..re:apple. I don't directly trade apple, only as part of the basket of indexes.
My take is that the health of a high profile ceo like Steve Jobs will have a short (1-2 days) impact on index prices. Studies have shown that even big news events have a short impact, and then normal action resumes...that is speaking from an index perspective.
AAPL itself, may decline for some time..with the speculative money moving to other companies, if Jobs is considered irreplaceable..and, I know it didn't go well for apple the last time he stepped aside, so investors may move on.
In summary..I wouldn't buy apple now..but would look at competitors instead. From an index point of view, it may drop prices a bit for a day or two. Regards.
The trend is now officially up. Retracement days will be just that for awhile, as buyers and sellers adjust their positions to where they are comfortable.
Speaking of the MID..the confirmations are in place. The weekly has not added to the confirmation yet, but may before the close.
edit: empty set..was just experimenting..sorry.
ollie..do you mind elaborating on that comment on the adx? What do you use to evaluate trends with the adx? Thanks.
Hi rab: re the aroon... I agree with what you have written.
I have read the stockcharts description, but I think that is a far too late signal of a trend change for me to use. Especially if a period of aroon(25) is used. Walkers use of the 70 line as confirmation makes it even later.
Since di- and di+ are the inverse of each other, it continues to make sense to me to use the one which moves first at a trend change...which is, the one in which direction the trend has been moving begins to show weakness first, and a drop below 70 may be used as confirmation of a trend change underway. Regards.
"mccain is the known cheater." Careful you don't throw a stone that comes back to break your own glass house. There are rumors of evidence of Obama cheating on Michelle, and that may come out as the campaign develops. I'm not sure if it's men or women who might come forward...or whether there is any truth to the rumor blogs. It may be made up from thin air for all I know.....I just think it is ironic that you bring up a second issue to Mac's age,..one that may in fact be a real Achilles heel to Obama.
My guess is that Mac could whip the effete Obama in most any "fight" they wanted to stage. Obama may have had some help to father those two daughters...just an opinion. Michelle probably has higher markers on testosterone than he does.
McCain's mother is going strong..and very sound of mind in her 90's...he has some good bloodlines. Best of all, while he is not exactly conservative..by comparison to the other choice..MAC looks quite conservative.
If all the liberals have to bash McCain on is the age thingy..they will lose. The more they bleat that..then the more Mac will appear surprisingly strong, virile, intellectually acute, and non-radical as those who don't pay much attention to politics see them side-by-side in debates or town hall meetings. I think it is a bad strategy by the dems to protray him as too old to govern..because then the bar is set very low for him to exceed expectations.
In the insipid name of Al Gore..what is going on here?
"An organization representing nearly 50,000 physicists has reversed its stance on climate change. The American Physical Society now says that many of its members no longer believe global warming is caused by humans."
http://www.foxnews.com/story/0,2933,386481,00.html
These scientists must have determined to evaluate the data in the light of rigorous scientific analysis, rather than rely on anecdotal data like "some species of birds are starting their migrations earlier"...
Most of the eco nuts claims will be de-bunked like the false claim that the Eskimos have no word for robins..a complete falsehood, since the Inuit have a name for robins stretching back as far as records can allow.....the early 1800's or earlier..well before any "carbon impact from man" effect.
Maurice Walker on the Public Charts site. His analysis seems to be top-notch. He provides commentary plus chart updates almost every night..he is the only must-read for me..other than the guys and gals on this site of course. Regards.
Sam..Maury looking for some consolidation/down for next week..but he is hugely bullish into Sept.
I'm sure you have seen the trend change on the Renko MID's..hope we get a good, long, uptrend.
Dan..you apparently were blessed with a rare set of hand-eye coordination skills. I am quite impressed. The most difficult thing to do well in sports is to hit a baseball, against an accomplished pitcher. Those few who can excel in that have the kind of skill set you describe. Forget golf..which is comparatively easy..you could have been a great hitter.
Wow..what could have been? If you were a young man today, those skills would have been noticed..and if you were willing to work hard to hone those skills, you would have had an opportunity to compete at the highest levels of baseball.
Does your daughter excel in hand-eye coordination sports, as well? You should have had several boys also..I bet at least one of them would have made an impact somewhere.
Now Dan..I believe your golf stories completely..but if you now tell me that you used to shoot running rabbits with a rifle I may just have a little shadow of doubt. Tell me you used a .410...or at least a rifle with birdshot bullets(?).
Did you ever play billiards? Sounds like you would be excellent at that game as well.
Billiards or 8-ball or 9-ball is my game. If my mother had not raised me with such scruples about gambling, I probably could have made some money on the side...or nowadays, with the tournaments on TV, might have won a few pots. I gave up playing at the senior center...I hate to throw off..and they didn't want me to play with them..so I haven't opened my cue case for at least a year.
Hi Rab..actually it is "supposed" to be an early or warning signal. I think it means "dawns early light" or some such in Sanskrit.
Further to my previous comment..I find the most use is in giving an early warning of a weakening change in the dominant, or higher line (be it the red one or the green one). It seems that the high line begins to drop away from the horizontal high, being the 100 level usually.. sometimes that happens before the price really makes a move..or early on anyway.
Early moves below 100 can be reversed back upward of course..so I use the 80 level as an indication that a trend move may be seriously under way. I also use shorter periods on the indicator..usually about aroon(15) on the daily chart.
Now having said all that..I'm not sure that there are not better ways to use the indicator. Anyone else using the aroon..and if so, how are you using it? Thanks.
Dan..then you are a darn good golfer. That's amazing given how little you've played. I can only dream of shooting in the 70's....high 80's is pretty good. You should have played a lot, and turned pro as a young man....you would probably have had a great career. To say nothing of the pretty ladies who are golf groupies, and would approach you for a "lesson".
rab...I like the aroon..and have found it helpful in keeping track of cycles. I tend to focus more on the movements of the top line (be it either the red or green one)...As it begins to drop, it seems to give a far more timely signal of weakess developing in that side (red or green, down or up) than the actual cross.
However, I have no real experience in using aroon on the monthly..I would be happy if you or someone wanted to discuss thier observations on the aroon in any particular time frame. Regards.
blasher's ramp?? Mid cap buyers started entering at 3:00. I think shorts are swimming against the tide for awhile..but, of course, the tide goes in and out..so, if they're prudent..they can make money too.
Gleno..then we're doomed.
Sam..what Maury has been saying for a couple weeks seems to be happening. For us watchers..when the prices seem to go up, or only fall slightly, in spite of some less than stellar news..there is a message. Read and heed, imo.
yeah..agree that it won't be straight line upward, in the best case. There will be plenty of chance for the shorts to make money also. Good trades back to you.
be...Renko charts signaling a positive trend change across a wide range of the market. I think the short-term bottom may be in for a number of weeks.
Maury Walker has been calling a strong summer rally for weeks now..as we have slid lower. His rationale was that fear-mongers were using the banks to drive down the prices for their shorts........and that banks in general were not in as bad shape as was being said. I think he got the general health of the banks right..now we'll see if he is also right about a surprisingly strong summer rally into October. I am just going to follow the trend..can't lose too much that way..you lose a little on the turn..but usually more than profit nicely on extended trends. good trading.
Bada Bing, Bada Boom...the RUT and MID are right at the cusp of changing to a positive trend. Lots of bank earnings tomorrow..if the earnings are just OK..they don't have to be great..there will be quite a rally, I believe. The market might even shrugh off so-so earnings with a modest gain...the smell in the air is one of gunpowder from todays fireworks. I hope it's not a cannon aimed at me.
Surely the Far Left wackos who support Obama wouldn't try to shut down sites that present another view.......or would they??
Free Speech, Free Speech..uhh..just for them and their cause, I guess.
What hypocrites.
http://www.foxnews.com/story/0,2933,382452,00.html
Good way to see support levels. The weekly Renko on the MID filled the box that is the lows of Jan and Mar. Will this level hold again?
http://stockcharts.com/h-sc/ui?s=$MID&p=W&yr=1&mn=8&dy=0&id=p20576790351
Gleno..I don't try to call the next days action very often..but if I had some speculative money to place on one side or the other..I would buy the open.
be..it may be time to get one of those motorized whellbarrows..you don't want to strain your back, just when you are on a roll.
Reminds me of the old lines from somewhere.."Lee-Roy!! You leaves that wheelbarrow alone! You knows you don't know nothing 'bout machinery."
blash..hard to argue against your down week call, with the weekly trend still down. I think there will be another one of those big (+5%) up days soon..but I sure wouldn't want to wait for it long and leveraged.
yep..Bush is to blame: news item headline "Bush calls on Congress to lift oil drilling ban
White House also wants plan to develop oil shale, speed refinery permitting"
http://www.msnbc.msn.com/id/25674571/
It seems farcical to blame Bush. One can make a much better argument that prices began to rise with Dem control of Congress because they are well-known to be against further oil exploration and development. What a plum to hand the ME countries...loudly telling them that the US will not try to be independent of their oil. Those creepy dems!!!!
sammy...the best thing, I think..is to go to cash and wait for the next box fill, and take that direction. I would caution to wait for the closing price..because there are some horrendous intraday moves going on. regards.
"Bush has screwed this country royally." Really?? Seems to me the price increases in gasoline correlate pretty well to the 2006 election of Democrat majorities in both houses of Congress. Why didn't prices go up, more than moderately, in the first 6 years of the Bush administration?? Dang those Democrats..they are responsible for the high gas prices!..prices have soared since they came to power! Of course this is sarcasm....but it makes as much sense to blame the President as to blame Congress. What a hoot..blame President Bush for everything..give him credit for nothing. I can only imagine the whining and sniping if there had been an internal terrorist attempt that had not been thwarted by the Presidents team since the 9/11 attack. The liberals give no credit..but how quick they would be to blame if our intelligence and covert operations had not been successful.
Some would say mendacity on the part of the liberals..they would be right..mendacity and hypocrisy.
be...I'm not real good at predicting the market..I make guesses, but that is all they are. I will refer you to Maurice Walker's site on Public Charts. He provides a commentary after hours, most evenings. He has noted historical data in election years of a low in June (late this year)..of a strong summer rally..another low in late October..a rally..then a low near Christmas. Much of that is in keeping with normal years..but also especially with election years.
I believe if you read Maury's site regularly, you will see some good analysis of the market. Don't expect him to always be right..he isn't..but he has educated reasons for his opinions. Hope this helps.
http://stockcharts.com/def/servlet/Favorites.CServlet?obj=ID1926808
You may have missed a post about my moving my sell price on MVV to 62.00..look back a few posts, I think I explained it pretty well. The results were that intraday when the price fell just below 62.00, I was taken out.
Sammy...whips happen, and are what eats into any trend trading system..i.e., moving averages, ADX, or whatever one uses.
Even given the whips..the longer term results are quite good..if 25-60% annual is acceptable. I have never had a losing year, as measured on a calendar year basis.
I do all I can to reduce whips..even so, in such a volatile week as we just finished, I managed to be taken out of my long position...by only a few pennies..but out nonetheless. Perhaps that will prove to be beneficial if the market continues down. Then the whip problem becomes the "false" positive filled box. That happened on a rare up day which was greater than +5%..that usually is a good signal, but not this time..again, we only finished filling that box by about 6 cents, as I recall.
If we had used a slightly bigger box size..say 1.75..we would not have gotten that whip, and the trend would still be showing a down action.
The box size is important..and how one chooses it is dependent on many personal considerations involving risk tolerance, and performance goals. Regards.