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Variable velocity


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Specie, for the graph below, I pasted the GIF into Excel, drew some lines on it, pressed PrintScreen again, repasted and cropped into Paint, and resaved as a GIF.

 

BAC graph below done properly. In early August the trend channel widened dramatically, as the sharks smelled blood in the water. It is interesting to observe that I would have done much better simply shorting and holding the entire time, and adding to the short on rallies, instead of trading in and out as I have done. But when I am short and it looks like it is going to rally, I keep turning chickenshit, covering and taking the profits.

 

Yves Smith over at Naked Capitalism started a Death Watch on BAC a while ago. I still think it was a good call.

post-647-13226717627176.gif

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Madness: a question. With your graph below, I would have thought a case could be made that we are merely retesting the breakout from the line below which I highlight with a red arrow. And therefore, as we approach it, even you might try a short with a stop just above the line. Am I missing something?

 

PS: Mrs Scully loves your avatar.

post-647-13226720954285.gif

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scully thanks so much for the two ideas

 

at work here

 

print screen is disabled

 

In BigCharts, one can right click on the chart and paste same in MS-Paint.

Annotate as you can (MS-Paint has very limited abilities) and save as JPG or GIF.

That's what I did for NDX chart posted earlier.

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Madness: a question. With your graph below, I would have thought a case could be made that we are merely retesting the breakout from the line below which I highlight with a red arrow. And therefore, as we approach it, even you might try a short with a stop just above the line. Am I missing something?

 

PS: Mrs Scully loves your avatar.

 

Correct.

I would take a stab on 'scalping' for a short around there.

 

Short term trend is up and heading into a seasonally STRONG period. Playing a mean reversion trade after almost 800+ Dow points in 3 days look prudent if opportunity is there.

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