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All - We closed with NDX RSI(5) above 70, that is positive. However, I believe any upside will be small. Tomorrow 50% chance either way. Staying short.
Good Trading.
Lindy
ALL - RSI(5) is at 70.49. If we close below 70, next stop will probably be around 50.
Good Trading.
Lindy
Anyone - Does the gap at NDX 1600 and QQQQ 39.50 have any impact on upward movement?
Lindy
Omandan - "real confident"
That's when it falls down.
Pokersam - Will be right over and get a good seat before the crowd arrives.
What the guy on the street is wondering is when this market is going to tank. Then the money will come in.
Anyone ever hear "By low and sell high"
NASDAQ is at over 4 year HIGHS.
QQQQ is at 52 week HIGHS.
Good trading!
Lindy
Pokersam - If a top didn't occur today I would be surprised.
Look at these indicators at Barchart
http://quote.barchart.com/texadv.asp?sym=QQQQ
8 of 13 indicators are showing strongest.
No where to go but down!
Lindy
Omandan - We are in overbought territory. A sell off/pullback is overdue. I would say 75% chance down day tomorrow.
rcptrader- I could be wrong. But if you look at the period from May to Aug 05 using the RSI(5) and MACD(12,26,9) there are alot of similarities with this run that started in Oct.
Looks like we are on the tail end of this run.
Lindy
That is great! Wish I could say the same. I decided to take a short position(USPIX) at the close today. Charts are just looking too over bought.
Lindy
Position Trader, I understand that. Do you have a cutoff time on when you make your decision?
Position Trader, using UOPIX/USPIX you must submit request prior to 3:50 EST, correct? Price is determined at the close.
If RSI(14) is above 70 you indicated you will go to 50% Long(USPIX). When is your cutoff?
Lindy
Position Trader - I agree on RSI(5) below 30. You said earlier that you added to longs. Do you expect RSI(5) to head to 70?
Good Trading
Lindy
Metal - Thanks, glad I was not the only one in the sinking ship.
Good Trading and hope 2006 is prosperous for us all!
Lindy
Husk - No, nothing anyone said. The RSI(5) failed me on the downside and I missed a big part of the upside. I just didn't feel I had anything to contribute. So I have just been reading all of the posts and learning from you all. I think position trader has a good system going.
Hope you have a Great New Year!
Lindy
Vestor - Thanks for the welcome back. The USPIX dividend was a welcome sight. I've been buying long now that the RSI(5) is under 30. So it looks like I'll collect either from QQQQ with a bounce up next week or USPIX if we continue down.
Good Trading.
Lindy
Daaverage - I've just been lurking the past couple months. I missed alot of the upside from Oct/Nov because the RSI(5) failed to dip below 30 and I got caught holding a large short position in USPIX. However, things are starting to look alot better.
Lesson learned: Will lighten my short position on the way down when RSI(5) goes below 40.
Thanks for noticing my absence.
Good Trading!
Lindy
Jakesan - You was correct. They paid a dividend of 0.338424 per share. http://www.profunds.com/info/Distributions.asp?year=2005
Have a great Trading Day!
Jakesan - I did'nt think of that. But they haven't paid a dividend since Dec 03 and that wasn't worth anything. I will call the fund manager and find out.
Thanks.
USPIX is down 13 cents. How can that be? It is suppose to correspond to twice the inverse of the daily performance of the NASDAQ-100 Index. Does anyone have any info on this?
Daaverage - Thanks. I feel a little better now.
Lindy
AC4LA - Sorry about that, didn't see that post. I noticed that your RSI(5) is reading 52.85 at the closing mine reads 57.6 and mine matches the VTO report. The reason I mention this is. Your RSI(5) line showes that it has touched the 30 line. That would have been a signal for me to go long. Very interesting!
Thanks,
Lindy
Gizmo,
It's the thing-a-mabob
Rcp - I agree that Bears need to come out swinging tomorrow.
About Pokersam short term I disagree! Yes he does have several trading styles, one to fit most any occasion.
Good Trading. Hope the Bears get to work tomorrow!
Lindy
Husk - I don't suspect you as being a multi-ID Holder. But you seem to think there are some on this board that are, I think your probably right. If everyone would just send me a simple e-mail message to northam43@yahoo.com with their iHUB ID in the subject line. I will be able to find out real fast who is. Obviously those that have multi-IDs will not respond. If they did they would be easily identified. This
is not a big thing just a simple little e-mail, it will be just like sending me their DNA. You think the crooks will voluntarily submit thiers, of course not.
Lindy
I don't expect that I will get an e-mail from those ID's that have multi-personalities. Don't you think?
Lindy
All - If everyone will send me an e-mail(northam43@yahoo.com) with their iHub ID in the subject line. I will identify the muli-personalities on this board.
Lindy
Husk - I guess it's ok to call someone stupid and KMA. I have never called anyone a liar on this board. If I don't believe someone that is also my perogative.
I suppose if everyone is not getting along to meet your specifications they need to go some place else.
Maybe if you go back and review all the problems on this board you will seem to find Pokersam connected. Should that not raise a falg to anyone.
You are making an accusation against someone here, what proof do you have? I also think that there are some folks on here that are the same. If you will all send me an e-mail message to northam43@yahoo.com and include in the message your IHUB board ID. I will tell you who they are.
Lindy
Cyclist - You can take up for him that is fine. But look at the words he uses. I have not cursed at anyone on here and I won't start. He thinks it is ok for him to attack others, just don't attack him. He puts out crap like this:
"Another important change is in the longer term forecast. I had thought that the market would bounce when the lower downtrend line of the RST which began early in 05 was hit. That is where the forecast of 1060 on Dec. 16th came from. I now believe I was too bullish. I now believe we will retrace 61.8% of the S&P advance from Oct.11,2002 to Aug.3,2005. That would take us to 955 S&P AND 1525 Nasdaq and well into 2006. Untill these targets are met there will be no meaningful rally."
His comments are not of any use to me. If you have noticed when the market was going up you never hear from the guy. Why didn't he say he was going into calls, until after the fact?
Most of his comments on Friday was this market was going down. He did say it might not go down on Monday. But he said Tuesday we was going to come crashing down. So who would be trading back and forth on that?
So I am just sick and tired of his back and forth after the fact crap. Exactly what information has been of use to anyone?
Lindy
AC4LA - What tells you that we are going north. Care to share with us how you are determining that?
Lindy
Pokersam - I'm really getting tired of your CRAP! Your on ignore.
Lindy
Same to you!
Posted by: POKERSAM
In reply to: rcptrader who wrote msg# 10305 Date:11/1/2005 3:30:47 PM
Post #of 10318
rcp - Yeah my friend I would hate see you develope a bias. LOL
POKERSAM
Metal - I'm with ya. Staying at 75% short. Hope tomorrow the bottom falls out!
Good Trading.
Lindy
Kerry said he voted for it and then said he didn't vote for it, I believed him also.
What a great day it is!
Lindy
2X: I will be nervous if the Daily RSI(5) hits 70 before 30. If that happens, I will probably start looking at modifying the system. However, until that occurs I will follow the chart and continue with a short position. The Daily RSI(5) did hit 36 before turning. If you look back at the RSI(5) during the March 05 time frame you will see that it is performing similar to now and we had a big down move in April. This may take a while to go its course and we may be going sideways for awhile.
JMHO
Lindy
2X - Yes, thanks. I will watch it. Lindy
2X - I don't really understand what I am looking at or how to read the Slo-Stoch 5,5.
Lindy
2X: I have not done that comparison with the daily and hourly RSI(5), so I will take your word for it. Yes, days like this can cause us to question our system, that's when emotion kicks in and we do the wrong thing. I will surely be adding to my short position at the close to 75%.
Lindy
Stock Charts Daily RSI(5) at 56.8. MACD(12,26,9) at -1.74.
CCI(20) at 52.3.
Current position Short.
I still think that we will hit RSI(5) 30 before going to 70. This is just an opportunity to add to my short position.
This is where I stay with the system and filter out the noise on the board. Right Pokersam?
JMHO
Lindy
Daaverage - My records show that around the middle of July I sold off most of my long position and I initiated a small short position (Like I have said earlier I have been early on the signal change). That is one of the reasons I have only made a 20% return this year, because I miss alot of the tops and bottoms. But in the past couple of months I have been improving on that. Right now I am short, short, and looks like I will add another short position at the close today.
Good Trading.
Lindy