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Renkoron,when MZZ change direction in that weekly renko chart, do you wait till the end of week to confirm a trend change, or can you trade that chart intraweek? Thanks, AL.
Quarterend rebalance of most indexes. Alfred
Dear Jim, do you still see 8/20 as a 39 days low?
Thanks, Al
Hi,Nocona, when you were trading with a 60 min RSI5 long time ago, did you check your chart hourly at the top of the hour, or at the 30 min mark? Because you said to use a chart with the first bar of a full hour, that would make the first check at 10:30 ET? TIA Alfred
Only bond market close early.
Alfred
Hi dan2fl,
thanks for your info on Etrade, but I think they charge a short term holding fee for trading in and out of funds. Mutual funds, unlike stocks, use a T+1 rule, so your money is settled the next day, and if you have a margin account, you can place same day trade. Alfred
Hi Husk,
I had the same problem with my Schwab IRA, T+3 Reg.,If you buy a stock with unsettled fund, you have to wait for the settled fund before you can "Sell". So if you sell QID on Monday and buy QLD with unsettled fund, you are not allow to sell until Thursday open. What I've been doing is sell at EOD instead of NDO, so the fund is available 1 day earlier. And if the fund is available on Thursday, you can take the Wed. trade(Tuesday EOD signal), Because the soonest signal change is Wed. EOD and can be execute on Thurs' NDO. Alfred
Hi,Husk,
I've been trading QID/QLD in 500 block with Schwab. I've try market,limit order,and stop limit. Market order usually get filled quickly but the price is very bad, as much as 0.5% slippage. Limit order get filled reasonably fast, usually 100 shares at a time. Buy/sell Stop are tricky, and I've seen price went thru' the stop without a fill, then eventually filled at a bad price. Hope this help. Alfred
I got 3 email from you today, was the last email signal still true? Will you please update us during the weekend. Thanks
Hi, I just subscribe to TMG, how do I sign up for the prelim. signal before the close? Thanks
Alfred
Dear MVP, have you ever look at "$bpoex:$vix" or "$bpcompq:$vxn", a 3 year chart with a 20-day MA show spikes at bottoms. Alfred
Dear PS, my understanding of EW is that in an impulsive wave, like the blue wave A during 2000-03, wave 2 and 4 should not overlap, and they're usually alternate waves,i.e. if 2 is a flat, then 4 is likely a zigzag. Am I missing something? Al
Hi,Jim,
Would you consider close end fund like CHN GCH TFC TRF JOF etc. When they become out of favor, you can get 10 to 20% discount to NAV. Alfred
Poker, S&P500 200 week moving average is about 1066. I think your 1060 target is very realistic. Alfred
Pokersam - "The people .... playing around with going long and looking for a reversal etc. are stone cold wrong. They will be buried. ...those who went long and at what price. Look at how those trades are working out. Pitiful." They are trapped now.They could provide the next fuel and wave of selling when and if price bound up,trying to get breakeven, that's what makes resistance. Alfred
If you click on my profile, you will see that I've been on i-hub since 2002, only new to this board. But it seems that you started only 2 months ago. Alfred
SPX August 04 wave 4 bottom at 1060.7, we 're in an ABC retrace back to the wave 4 bottoming area of a higher degree. JMHO,Alfred
S&P 500 1245.9 times 85% is appox. 1059, since normal bull market correction averages 15%. I've always trust your 1060 target. Alfred
Thank you for giving me the courage to go 2X short @ 1235 SPX, THANK YOU AGAIN. Alfred