Replies to post #2670 on ETF SWING & DAY TRADING

[kenwong]

Re: W. Yan's "Simple Trading Strategy"

Hi denmo,

Thanks for pointing this out. Am posting the chart (below) from your link. Yes, has not actually "crossed" but sure is close to doing so. Also, hadn't notice it before ... but the NDX sure looks like it just bounced off the lower trend line.

Just closed my long positions regarding my "Poor Man's 2x (v.8)" (http://tinyurl.com/al3uq) as I'm second guessing the long signal it's currently indicating ... so am presently back in cash. If, however, I were making a trade decision here void of input from the rest of the board (which I value) and other sources (CNBC, news, etc), I'd say it looks like we go up from here (at least short-term).

Ken

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Posted by: denmo83
In reply to: kenwong who wrote msg# 2618 Date:9/4/2005 10:34:37 PM
Post #of 2685

kenwong re:W.Yan...

W.Yan's system would actually still be short.

The 10EMA is at 50.32 while the BPCOMPQ is a smidge below at 52.30:

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$bpcompq,uu[w,a]daclyyay[da][pc....