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Replies to #1938 on RENKO CHARTS

leftyg

08/21/08 12:07 PM

#1939 RE: renkoron #1938

ron...yeah..I look at breadth indicators too.

I was talking about some of the Ihub chat sites..where there is just endless blather about indicators, and the "guess" for what the next 15 minutes will bring. I think there are some lonely people on those sites..or maybe they are home-bound for health reasons, and use the net to pass time. All harmless, of course..the reason to go there for a look-see from time to time, is that occasionally someone posts something important and new.

I check the market a couple times a day for 10 min or so..and just see what is happening. Yesterday and today are interesting..we seem to be at a support level that is quite strong, and holding thus far. I am only 50% long based on following the renkos...the other 50% now in cash follows a completely independent system.

I really am ready for the market to put in a sustained move one way or the other...there is money to be made both ways, if the trends will last. regards.