Replies to post #23028 on *** ALL THINGS MONEY >>>> ATM ***

[Rhythm88]

Remember support and resistance lines.
My eye shows GE pushing to around 19.00 before the reversal.
BTW.. how have you been?

[**D*A**]

Hi Moe- you are after the same holy grail indicator that everyone else is seeking. I'm pretty sure it doesn't exist.

Indicators are fantastic for telling us when the momentum is oversold and overbought. I really don't think they are much more than that.

The kiss is the same, right now, its in an overbought state and the ppo is touching perfectly. Unless the price dips hard? it will look the same tomorrow, except, it will look like the ppo wasn't touching today. IF the price gaps down at the open? the full sto is faster to react and it will cross the ppo line and look like the perfect entry point on the chart. In real time, the price dropped so fast, it wasn't possible to trade it based on the indicator hooking up. If we backtested it next month, it will have looked perfect.

I don't think its quite as easy as using just indicators. Its a combination of the companies fundamental events, overall economic market sentiment, and price patterns. This creates the psychology to drive a price either way in a more sustained manner. If the stock is in a bullish price pattern and the market is bullish, buy the dip. The market wants it to go higher and it probably will. If the price pattern is bearish and the market is too, short the spikes.

Its too late for a short answer, but if I wanted to short GE?, I would find resistance lines and when the price was near that? Use the 10 min dow's weakness to time the entry. If the market breaks out of resistance? there's a good chance GE will too. The shorter term charts will give a faster signal, it may not be as reliable. Its always a risk, we just try to put the likelihood of success as much in our favor as possible.

That's why I like the trix 3,3. It react faster and gives a warning of what "may" happen. Be ready for it.

[L-Back]

Hey moe, check out cci 10, when it crosses -100 or +100 the pps searches for 10ema (either up or down) This one is set up nice for it I was looking at it last night.

[**D*A**]

Hey Mo, since time is the best test of any indicator, pattern or condition? Here is that circled kiss that GE made a few days ago.

The price pattern is at the upper trendline now, I would be more inclined to take a short position at that point based on the price pattern than what the indicator told me a few days ago.