Replies to post #17970 on ETF SWING & DAY TRADING

[kenwong]

James Bondage: "my signals" looked bearish ...

PM2x(v.9) was showing short-term bearish. Which was why I sold my QQQQ and GOOG long positions at a profit.

It still showed the intermediate-term trend as bullish ... but since the short-term trend was bearish, I sold.

BUT YES, I THEN BECAME STUPID AND BOUGHT GOOG AGAIN ... after looking at Stock100.com's bullish chart projection of GOOG. Boy, were they ever wrong ... and so was I for using their charts ... and it hurt me pretty good. (yes, SaintAvarice, read your post and it's been ringing in my ears). Have since then been debating about removing the free advisors list from my webpage since my 9-day exercise proved they all don't know squat. Saw them all calling it both ways, switching back and forth, and all of them discredited themselves more than established how good they are.

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Posted by: James Bondage
In reply to: kenwong who wrote msg# 17973 Date: 1/23/2006 12:46:37 AM
Post #

Ken - what did your signals look like in the last week of September 04? I see similarities here...

[kenwong]

James Bondage: re Last week of Sept 03

Just realized your post was all about the last week of Sept. 03 ... and not recent market movement. Sorry, I need to read more carefully.

All I can say about the last 6 months of 2003 is that it didn't matter what chart indicators one used ... they all failed. The only thing that worked during this time was upper and lower trend lines. Chart indicators were going haywire from all the juice being generated by the supercharged uptrend.

So, don't have an answer for you about what my signals looked like during the last week of Sept 03 ... except to say that since I'm using chart indicators, they probably failed during that period.

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Posted by: James Bondage
In reply to: kenwong who wrote msg# 17973 Date:1/23/2006 12:46:37 AM
Post #of 17975

Ken - what did your signals look like in the last week of September 03? I see similarities here...

[CaribbeanJim]

Well, so far, from the looks of Germany, Japan, and the USD right now, it does not look good for the Bulls today. I see futures are higher though.

I see Germany is currently finding resistance at its 50dema and is riding lower on its bollinger band line...this is not the stuff bullish dreams are made of.

I am still holding long unless we close below 2200.