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Stock Charts Daily RSI(5) at 64.7. MACD(12,26,9) at -5.34.
Once again we are headed for the RSI(5) 70. Will we get there today. I have a good feeling we will. However, the long run won't be over till we do. After we hit RSI(5) 70 the MACD(12,26,9) will then take over the controls and determine when this puppy will be heading down.
Also I have been watching the CCI(20) it should now go to +100 before we turn around. It is now at 26.4.
We have more upside to go.
Good Trading to All.
Lindy
Husk - I said that 2 months ago. If timing systems are so good, you would think they would give it away for free.
Something else to think about. If everyone was using one timing system, would that not screw up the system?
Lindy
Bull & Bear: "Don't argue with the PERMA-BULLS or the PERMA-BEARS!
Above all, be absolutely honest with yourself, keep your trading system as simple as possible and don't make profitability such a complexity"
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I couldn't have said it better!
Lindy
rcptrader & blasher: Glad I'm not the only bull here. Pfiser held the DOW down today. You know how the market always over reacts. Unless, something unexpected comes up this weekend. Monday should be another up day. Hopefully to put us over the RSI(5) 70 mark. Another positive the CCI(20) closed above zero, so we could have alot more upside to +100 on the CCI(20).
Have a great weekend everyone!
Lindy
It's getting lonely being a bull, right now.
Lindy
Husk - Sorry to hear of your loss. Good luck with the new puppy. We had a stray show up at our door about a month ago. We have just been able to start petting him. We think he was abused before. He seems to like us. We just let him come and go as he pleases (we live out in a country setting). I think he has a girl friend up the street.
It sure seems like the DOW has been wanting to get in positive country all day, then a road block comes out. I hope wookie10
is right and the DOW rallies from here.
Lindy
Hi Husk - exactly. When the RSI(5) gets up above 60 and starts stalling out I'm not going to lose all the green I've grown to get there. I've made a few extra profits riding it up and down. The bottom line is we will eventually hit RSI(5) 70.
I've been watching the CCI(20) it is at 16.4. Yesterday it got up to around 19 then down to below zero. If it closes above zero, it should then continue on up to +100 correct?
Lindy
Steve - sounds like we are pretty much on the same sheet of music.
Lindy
Steve - Actually I think we have seen the lows at 1170 level and we will probably be around 1220 on Dec 16. But I'm just guessing.
Lindy
Stock Charts Daily RSI(5) at 61.3. MACD(12,26,9) at -6.99.
Once again we seem to be stalling out. I will take profits if RSI(5) falls below 60 and rebuy at lower levels as I did yesterday.
Lindy
Steve - I don't think we go that low, but your numbers I think are in the ball park.
Lindy
nutckles - hang in there. We still have some upside. I hope.
Lindy
The DOW is way below it's 200 & 50 DMA. You got some guts Beerworld.
Lindy
16 Dec/S&P 1060
S&P at 1177
-117 to proposed target
Trading Days 38 = -3.07 per day to target (on 29 Sep it was at -2.85) we seem to be going in the wrong direction.
S&P Average last 38 days: 29 Aug/1212 -35 1142(my prediction) actually I think it will be higher than that.
It's a slow day.
Lindy
I imagine we will start hearing how everyone was profitable shorting the market today after the fact.
Lindy
cruzship - You can't make much in cash, of course you can't lose much either. They might as well just go put their money in CDs and bonds. I'm always in the market. Seldom at 100%, mostly at between 25 & 50%, but atleast 10%.
Lindy
Stock Charts Daily RSI(5) at 60.4. MACD(12,26,9) at -7.12.
I am still long. Yesterday I took some profit when it deeped down under RSI(5) 60. Then I added a long position at the close. I am still looking for the RSI(5) to close at 70 or above before I consider a short position. However, if we dip below RSI(5) 50 I will take profits on any levels in the green, in hopes to buy at lower prices. When RSI(5) does hit 70 (and it will eventually) I will then closely monitor the MACD(12,26,9) for trend change. Then I will initiate a short position and follow the RSI(5) down to 30.
That is my game plan for today. Lets play ball!
Good Trading to All.
Lindy
Looks like a big Bear Trap being setup. We still haven't hit RSI(5) 70.
Lindy
Husk - I think most people are more comfortable with the RSI(5) because VTO has shown proven results. I have just taken their system and modified it to beat their results. I can go to their webpage and compare their results with mine. If there is a site that shows the results using CCI(20) I would sure like to see it. Otherwise I have to use what is proven. I will look at the CCI(20) and see if it will work for me.
I will monitor the CCI(20) and see how it performs.
Thanks for the info Husk. I am always looking for better ways to make trading easier and more profitable.
Thanks,
Lindy
All - If the Stock Charts Daily RSI(5) falls below 60 I will be taking some profits off the table. Looks like the market is weakening. However, I will still maintain a long position until RSI(5) hits 70. If RSI(5) closes below 50 I will add to long position.
Good Trading
Lindy
Husk - If I understand you correctly using the CCI(20) it is currently at +19.7. So it should go atleast to +100 before going back to zero?
Lindy
Vestor 2000 - Just because we don't respond does not mean we aren't getting anything out of it. I read most of the posts here. Usually I will respond to something I don't agree with or provide input. However, I have to admit there is alot of info that is posted here that I just don't understand and feel that a response would just be showing my ignorance.
Anyway, keep posting, your helping more than you know.
Sincerely,
Lindy
Stock Charts Daily RSI(5) at 63.1. MACD(12,26,9) at -7.83.
I'm still Long. I still believe the RSI(5) will hit 70 before going back to 30. We are very close. With the big white candle we had yesterday, I would have thought there would be more upside. However, it looks like the market is weakening as indicated by the MACD(not looking very strong for much more upside). If the RSI(5) hits 70 at the close, I will probably initiate a short position unless the MACD looks stronger than it is now. However, if we don't hit RSI(5) 70 and the market continues to weaken, I will probably take some profits off the table but remain Long, because we more than likely will go to RSI(5) 70 before 30. We may just get a pull back before the final drive to 70. If we fall under RSI(5) 50 I will add to Long position.
That is my game plan today.
Good Trading to ALL.
Lindy
rcptrader - Excellent chart. I agree. The question is where is the top going to be? Answer: When the RSI(5) hits above 70 and MACD starts to trend down. Then we get to go short! Ya!
Lindy
2X-Be-Me - We must be looking at different charts again.
http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[w,a]daclynay[da][pb50!b200][iLb5!La12,26,9]&...
The thick black line is going up.
Lindy
So I will be long until it turns to the downside. So we maybe above RSI(5) 70 for a bit.
Lindy
rcptrader - I will not go short until Stock Charts Daily
RSI(5) hits 70 and MACD(12,26,9) starts a downtrend. I am usually early. I am trying to fix that, so I will be watching the MACD more closely to confirm the downtrend. If I wait till the crossover it could still be profitable. However, the trend normally always starts before the crossover occurs. By the way things look we could be above RSI(5) 70 tomorrow and may hang there a bit.
To be honest, my most profitable trades have been on the short side. I seem to have that trend timed pretty well and of course there are alot of cheerleaders on the short side here, that always makes it more fun.
Good Trading.
Lindy
Freemarket - Maybe I was to hard on him. He has gained over 70% this year, that sure beats me. However, if you look at his performance since July 25th. It hasn't been to good, only around 2.05%. I did beat that!
Lindy
2X-Be-Me - Yes me again. I once again respectfully disagree. We are just starting a bullish crossover on the MACD. The trend is up. Lets not paddle up stream, it wears ya out.
Lindy
cruzship - Like I said before. If he was smart he would have stayed long. One of my rules is to always stay in the market, I never go 100% cash. I have been watching him also, now he is scratched off my list. This was an easy call to make.
Lindy
VDHanson - From the way things look I maybe joining you on the short side in the near future.
Yep, I hope we both come out smelling like a rose.
Good Trading to ya.
Lindy
rcptrader - I 100% agree.
Lindy
VDHanson - Lots of luck!
From what I see we still have more upside.
The Stock Charts Daily RSI(5) is at 60.94, MACD(12,26,9) starting a bullish crossover.
But look at the bright side. We will be back down in a few days, maybe. That's if we don't go into extended innings above RSI(5) 70. That could be pretty painful. OUCH! Of course I'm nobody to listen to.
Good Trading.
Lindy
detlevs - The chart RSI(5) & MACD say it was overdue.
Lindy
Daaverage - Currently the MACD (12,26,9) is at -11.80 it is currently trending up. The RSI(5) is at 44.9. We may have a bullish crossover around MACD -10. 50% chance we go to RSI(5) 70 before we go back to 30.
http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[w,a]daclynay[da][pb50!b200][iLb5!La12,26,9]&...
I'm not very good at explaining this stuff, I just watch it and report what I do, when I do it.
But I will try to answer questions the best I can.
Lindy
RE: fishin: Short side of RSI(5). If you use it in conjunction with the MACD you can short just as easy.
Lindy
Kovulk - Time Frame: Daily The Bearish/Bullish crossovers normally occur after the trend has started sometimes as much as 50% into the trend. When the crossover occurs I monitor the MACD(12,26,9) for trend change. I normally am early. Negative on the lower highs/lows and higher highs/lows. As I have stated in previous posts, I am currently long. I will stay long until the RSI(5) at least hits 70. However, I do have some exceptions to the rules. You may want to read my posting history.
Here is the only chart I use: http://stockcharts.com/def/servlet/SC.web?c=$NDX,uu[w,a]daclynay[dc][pb50!b200][iLb5!La12,26,9]&...
I will admit, I'm not a TA guy. I like things simple. I believe in the KISS (Keep It Simple Stupid) process.
I'm also not a greedy guy. As long as I'm making enough to keep me from working I am satisfied.
Good Trading.
Lindy
Metal - Yes, I do trade similiar to this. However, I don't go short until RSI(5) is at or above 70 and I use the MACD (12,26,9) as a trend indicator. Right now I am about 75% long and will remain long until RSI(5) hits 70. I do have some exception to the rules. One is if the RSI(5) closes under 50 and MACD(12,26,9) is trending down I will sell any levels I have in the green. This is because there will be a good chance for a pull back before going to RSI(5) 70.
If you look at the past history of the RSI(5) by selling at 50 alot of gains are lost.
Right now the Stock Charts DAily RSI(5) is at 36.0 and MACD(12,26,9) is at -12.46. I see this pull back as a buying opportunity.
Good Trading To All.
Lindy
Posted by: northam43
In reply to: northam43 who wrote msg# 8053 Date:10/17/2005 1:12:39 PM
Post #of 8549
Stock Charts Daily $NDX RSI(5) at 40.0. MACD(12,26,9) at -12.55. As I stated on Friday the MACD is bottoming out. The RSI(5) has pulled back slightly. The downside is limited. I sold 40% of long position on Friday anticipating a pull back because the RSI(5) closed below 50. If we close today in the red I will add a long position. We have big tech companies giving earnings this week. They could give a boost to this market to the upside.
JMHO
Lindy
Good luck to ya.
Lindy
Stock Charts Daily $NDX RSI(5) at 40.0. MACD(12,26,9) at -12.55. As I stated on Friday the MACD is bottoming out. The RSI(5) has pulled back slightly. The downside is limited. I sold 40% of long position on Friday anticipating a pull back because the RSI(5) closed below 50. If we close today in the red I will add a long position. We have big tech companies giving earnings this week. They could give a boost to this market to the upside.
JMHO
Lindy