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Replies to #1860 on Ring of Fire
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FreeMarkets

11/08/06 2:18 PM

#1865 RE: CaribbeanJim #1860

Same here CJ. I like to scale in mid-signal or wait for a new signal. I guess going with SPY or something less risky would also work.
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KovuLK

11/08/06 4:37 PM

#1866 RE: CaribbeanJim #1860

CaribbeanJim & FreeMarkets re: mid-signal


Understood about difficulties of mid-signals. I am long already on some indexes which I can use with their main signal. So thats taken care of. As for the world indexes I am going to work my way in those. What I am looking for is a low point on some hourly indicators like CCI-12. Sort of using Noconas hourly method to get in. Yesterday's close and early today got me an entry for two installments. This was much quicker than anticipated so I am using a small percentage of my portfolio amount and with some tight stops. Another method I use is the "sling shot" on the daily if I can get it. This is what I have used for the last three months buying the dips. If I understand TC correctly they update their list every Friday after the close, so that will set the parameters as to what is bought.

Thanks
kovu
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sammy1024

11/08/06 7:16 PM

#1868 RE: CaribbeanJim #1860

dk's nasi chart with the broken trendline says it all. this rally has legs and will leave all the bears in the dust. ride the trend till the end and then switch sides.