PileDriver Posted December 31, 2002 Report Share Posted December 31, 2002 the best we'll get is a one or two day pop, that's it. It'll be over in the blink of an eye and probably not past NAZ 1375 Link to comment Share on other sites More sharing options...
Rockhead Posted December 31, 2002 Report Share Posted December 31, 2002 Another comment on TICK and TRIN. I watch and watch TICK and TRIN and I think the best thing I can say in general for their usage is................more or less ignore their values...what is important is the direction of the indicator. When TRIN is rising and TICK falling...short. When TRIN is falling and TICK rising...dong. When the two are mixed or go flatline...dont enter a trade and stay out unless the levels are relatively high. The key is watching for the reversals in the indicators and you need short term charts to do such. Oh yeah...Happy New Year to all Stoolville. Stoolville, best wishes for a most healthy, happy and propserous 2003. Link to comment Share on other sites More sharing options...
sniff Posted December 31, 2002 Report Share Posted December 31, 2002 did ja see what happened at spx 878.75.... must be that trendline rockhead was talking about, dang, I think we want that one taken out. Problem with short term charts... regression line and oscillators jump around all the time, but ranges stay the same until taken out........ Link to comment Share on other sites More sharing options...
Rockhead Posted December 31, 2002 Report Share Posted December 31, 2002 NYSE Of the cuff comments....TRIN is following a rising trendline...bearish. TICK is inside a descending channel...bearish. Will it last.....dont know....but until it breaks those two "ideas", I would be bearish. Crap....as I type...TCIK broke the channel to the upside with a +923 TICK. Does it stay outside the channel.....you gotta watch. But you were warned when it broke the channel. And now TRIN breaks the trendline to the downside. Looks like a bullish move may be happening for the scalp trader. It is very hard to write these comments with such volatile indicators. You dont need to follow TICK and TRIN unless you play one and five mintue charts IMO. Link to comment Share on other sites More sharing options...
Rockhead Posted December 31, 2002 Report Share Posted December 31, 2002 As has been said by others......you dont have to game the tape every day. There will be another opportunity. If it aint clear in your mind...dont take the trade. I have done little trading in last week or two...kinda just watching and relaxing. Bassomatic people, bassomatic. Link to comment Share on other sites More sharing options...
Guest Posted December 31, 2002 Report Share Posted December 31, 2002 CBOE Intra-day Put/Call Link to comment Share on other sites More sharing options...
Rockhead Posted December 31, 2002 Report Share Posted December 31, 2002 It's a nail bitter....SPX 882 and DOW 8363...can they break them? Link to comment Share on other sites More sharing options...
Rockhead Posted December 31, 2002 Report Share Posted December 31, 2002 NYSE advancers 2240 , decliners 956.....ouch thats too damn bullshit for me. Its gonan reverse IMO. But dont trade on that opinion. Link to comment Share on other sites More sharing options...
PileDriver Posted December 31, 2002 Report Share Posted December 31, 2002 rally will fizzle like all others since Dec 2. Link to comment Share on other sites More sharing options...
BusKow Posted December 31, 2002 Report Share Posted December 31, 2002 Happy New Year to All Today's possibles... APIEF -5.5% IIIM +6% NPHC +2% did not get fill PRTL +4.7% SSMR -3.4% Doc, Congrats on the growth. POWER ON! Link to comment Share on other sites More sharing options...
sniff Posted December 31, 2002 Report Share Posted December 31, 2002 Thanks Rocky, always like to kick ideas' around. I keep hearing how trading may get easier after the First of the year. I doubt it. Agree with Mr. Hanky, these "Bastards" will make sure trading is never easy, again. Therefore it may be nescessary to spend more time planning the trade ..... forget about up or down...... if the trade does not trigger.... you don't want to be in it regardless. I didn't say ignore Doc's maps..... That is your safety net...... similiar to yours Rockhead... Setups planned way ahead of market open. Maybe 3 or 4, No big deal if they don't hit. I still have a few open posistions that need looking after...... Kind of like herding chickens...... Link to comment Share on other sites More sharing options...
Rockhead Posted December 31, 2002 Report Share Posted December 31, 2002 For those of you who would really like to get into TICK and TRIN and advancers and decliners to tell if we have accumulation or distribution today...here is a thought. TRIN today has been above 1.0 all day. Thats bearish. But is has been falling for most of the day, which is bullish. But look at the advancing issues vs. declining issues......its been bullish most of day. Advancers rising alll day and decliners falling all day. WTF? Well which one is it folks? TRIN or advacners/decliiners. Which do you follow? Which do you believe? Accumulation? Distribution? Again, it pays to watch the direction of these things, not the value, IMO! Thoughts and opinions wanted. Link to comment Share on other sites More sharing options...
Charliss Posted December 31, 2002 Report Share Posted December 31, 2002 For those of you who would really like to get into TICK and TRIN and advancers and decliners to tell if we have accumulation or distribution today... Just be gentle... Link to comment Share on other sites More sharing options...
Jorma Posted December 31, 2002 Report Share Posted December 31, 2002 For those of you who would really like to get into TICK and TRIN and advancers and decliners to tell if we have accumulation or distribution today...here is a thought. Thoughts and opinions wanted. Sounds like an invitation for Doc to give us his opinion of Dickarms. Link to comment Share on other sites More sharing options...
richmtn Posted December 31, 2002 Report Share Posted December 31, 2002 The borkers, bonkers, analcysts, talking asses, fund idiots and market manipulators were not good little boyz and girls this year. No Santa Rally for them. Too bad all of the revelations this past year will amount to nothing. In fact things are going to get much worse. The crooks are firmly in charge. They get endlessly recycled like Poindexter. Where will it end? Link to comment Share on other sites More sharing options...
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