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Steve - I hear ya, loud and clear! I'm to comfortable right now, no debts, I like to sleep at night.
Lindy
daaverage - I am very seldom 100% invested. I usually am about 50% to 75% invested when the trend changes. On a new signal I normally start out between 10%-25% invested. I have normally been early on calling a new signal. However, this time I started out at 25% as I have gained more confidence in the system. With the help of the CCI(20) that Husk introduced me to. I was able to make a more timely signal change.
I've made 20% this year being only 50% invested most of the time. I only play with money I can afford to lose. I won't touch a margin account.
Good trading to ya.
Lindy
Stock Charts Daily RSI(5) at 42.2. MACD(12,26,9) at -3.27.
CCI(20) at -47.6
Position is short. If we close today in the green I will add to short position. We will go to RSI(5) 30 before going back to 70. Looking at the CCI(20) it is trending down faster than the MACD. The CCI(20) should hit -100 before changing direction. It also could go on down to the -200, -300 levels. However, since the MACD is getting close to a Bearish crossover, I think the downside will be limited. But of course the charts will drive the train. Right now they say short is the place to be.
Good Trading.
Lindy
Stock Charts Daily RSI(5) at 35.1. MACD(12,26,9) at -2.55.
CCI(20) at -31.8
Short is the place to be. Enjoy the ride to RSI(5) 30. Then MACD & CCI(20) takes the controls.
Lots of green today!
Good Trading.
Lindy
All - I agree with Pokersam. We are headed down. We may get a little bounce tomorrow but nothing I would trade on. The RSI(5) has not hit 30 yet, the MACD(12,26,9) showing sharp trend down, CCI(20) trending down. We went through the NDX 1550 level. Next support at 200 SMA maybe.
JMHO
Lindy
It's always a good start when you start out in the green.
Lindy
Husk - I agree with you on the NDX going to 1550. I think that is where we see it hit the RSI(5) 30 level. I also hope that it continues down to the SPX 1136 level, more profits. But of course the charts are driving the train.
Good Trading.
Lindy
Stock Charts Daily RSI(5) at 45.3. MACD(12,26,9) at -1.02.
CCI(20) at 6.1
Short is the place to be. Enjoy the ride to RSI(5) 30.
Good Trading.
Lindy
Hey Pokersam - Got room in the Bears Den for me?
Lindy
Husk - I like that CCI(20) even though it hasn't hit +100, if it does there won't be much upside.
Going to try the short side to RSI(5) 30 now.
Good Trading.
Lindy
Bobjack - Normally I am early on the call. But this time I watched the MACD and CCI(20) and waited till what seems to be a change in direction. Hope it works out.
I'll be a Bear after the close today.
Lindy
Stock Charts Daily RSI(5) at 59.7. MACD(12,26,9) at -.51.
CCI(20) at 60.6
Indicators have changed direction. Going 25% Short at the close.
Lindy
Don't see much more upside. Have reduced my long position to 10%. MACD & CCI(20) are falling. Pokersam, looks like I'll be joining ya shortly.
Lindy
Stock Charts Daily RSI(5) at 70.0. MACD(12,26,9) at .48.
CCI(20) at 73.7
Current position is Long.
MACD has crossed into positive territory and still shows a strong trend up. CCI(20) is getting close to +100.
Until the MACD shows a change of direction, I will remain long.
CCI(20) should go to +100 so it looks like we still have some upside left to go.
Good Trading.
Lindy
Husk - Yes, the CCI(20) is moving nicely towards the +100 area.
The MACD(12,26,9) is still showing a strong uptrend.
We could still have some pretty good upside left. However, the charts will drive the train and right now the MACD has the controls.
Good Trading to ya.
Lindy
I agree with Rcptrader. Keep the rules out of here. Those we feel that step over the line will be delt with as a collective group. With the use of the ignore and moderators.
Lindy
Stock Charts Daily RSI(5) at 67.3. MACD(12,26,9) at -1.70.
CCI(20) at 65.0
Staying Long. Indicators have strengthened at the close.
Good Trading.
Lindy
All - If you go back to around 4-6 May and look at the Daily RSI(5), MACD(12,26,9) and CCI(20) you will see alot of similarities to the current picture. Differences are that they were below the 50 & 20 SMA's. This is just an observation, I'm not saying that we will go to new highs. The charts will determine the direction. I agree that this market is probably going to break open one way or the other and we shall find out in the near future. Questions I have right now is what out there would cause this market to tank? We have had alot of bad news lately and the market has dismissed it. We are now getting into a period of time where the market normally rallies. Any comments would be greatly appreciated.
JMHO
Lindy
Stock Charts Daily RSI(5) at 64.1. MACD(12,26,9) at -2.05.
My current position is Long. We closed above the RSI(5) 70 yesterday. Now the MACD(12,26,9) has the controls. The MACD is still in an up trend. I'm also watching the CCI(20) which is at 68.5, it is also in an up trend and may hit +100 before we change direction. We probably are getting close to a top, but the charts will have to decide that in time.
Today we have earnings being reported by Amazon, on Thursday Microsoft reports. On the economic side today we had consumer confidence that didn't meet expectations and existing homes sales that exceeded expections. On Friday we have the GDP.
So we have some key reports that can easily impact the market one way or the other.
Bottom Line: I will go short when the MACD starts trending down. That could be today, next week or whenever. But that is what it will take for me to initiate a short position.
That is my game plan for today.
Good Trading to all.
Lindy
Husk - I have usually been early on the change of trend. I am hoping that by watching the MACD(12,26,9) and CCI(20) that I will get confirmation on the trend change when it occurs and not before.
Believe me, I wanted to hit the short button several times on this ride, but I'm going to stick with the charts until they screw me.
JMHO
Lindy
Pokersam - Right now the MACD is in control. When it shows a trend change, I'll be on your side of the train for a ride down to RSI(5) 30. Hope it is a smoother ride down, than it was going up.
I'm also monitoring the CCI(20) it closed around +62. According to the charts it might hit +100 before changing direction.
Good Trading to ya.
Lindy
Rcptrader - Thanks. Just following the charts. The CCI(20) that Husk put me on seems to be working real well. It closed at +63.2. It should hopefully go to atleast +100 before we make a turn around. I will be monitoring the MACD and CCI(20) for confirmation of a trend change. Hopefully I won't start shorting early this time.
Good Trades.
Lindy
Rcptrader - good calls.
Lindy
All - The MACD(12,26,9) is now in control. Will stay long until trend change.
Good Trading.
Lindy
Daily RSI(5) at 70.2
Lindy
Husk - "it might mean that I would want to watch both the rsi5 and the cci20, and how they are responding to one another. Just making some observations, at present."
Yep, that is what I am doing.
The MACD(12,26,9) looks pretty strong at this point. I don't see a trend changing anytime soon.
Good Trading.
Lindy
Husk - Thanks. Looks like the CCI(20) is working like you said. The MACD(12,26,9) showing a pretty good up trend.
Lindy
Brig 88 - Glad you covered. Yes, I would wait it out also because I believe we are getting near the top and we may start a short run in the next few days or less. The RSI(5) is at 68.3. So we are getting close.
Good Trading.
Lindy
Brig 88 - That's how the market works. There will also be some big earning reports this week and economic reports. Some are betting that these reports will miss the mark. However, Merk came in with good earnings. This may just be the beginning of this upside. My charts say up is where we go.
I think I have a pretty good track record, of course I may be wrong. But I really think we will hit RSI(5) 70 before we start heading back to RSI(5) 30. Also the CCI(20) is at 37.8 and should hit +100 before heading down.
Good Trading.
Lindy
Brig 88 - Pokersam has claimed that we are going to fall off the cliff the last 2 months. This market is going up and down. Not just down, down, down.
Good Trading.
Lindy
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