Pos Index Update Hey, PD...How about an update on your plans?
#2
Posted 17 February 2003 - 10:58 PM
No clear signals other than a short term o/s pop which should only last another day or two at best.
I'm holding until stopped out.
"This ain't no bottom"
#4
Posted 19 February 2003 - 12:47 AM
in when the red 2 day crossed the green 5 day
moving average.
Confirmation will be when the green 5 day crosses the blue 9 day up.
So caution is the watchword here. Tommorrow had better be the reversal.
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#5
Posted 19 February 2003 - 12:52 AM
This is a shake-out fake-out for sure
ANDW down 10% today
The truth will prevail and all crappy stocks will go down over time.
Imagine being long this portfolio, imagine it being profitable. Ha!
I just laughed so hard right now I wet my pants.
#8
Posted 19 February 2003 - 09:03 PM
ANDW getting spanked again today proves the theory of selling begets more selling and once a piece of crap always a piece of crap.
Short crap hitting new 52 week lows in a weak market and you're practically guaranteed to come out ahead and not lose as long as you are patient.
I mean its just the opposite of a sound bull market strategy - duh! Why make it harder to trade the markets than need be?!
#10
Posted 19 February 2003 - 10:00 PM
The "value areas" - fat distribution areas are very useful to lean against for short term trading. The relationship between profiles provide useful information about relative buying and selling between "value areas". I believe these offer a lot of information over candles or bars, but I think we'd all agree - I don't know dung.
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#12
Posted 19 February 2003 - 10:45 PM
Mr. Beal, I'm speechless at the technologies on today's software programs, and the nimble and adept use of the goodies they offer.
It has become apparent that some very world-class players have migrated here to Stoolville, and of course that is a good thing!
I am learning, baby, I'm learning!
Soon, I may even be potty trained!
#13
Posted 20 February 2003 - 12:18 AM
However I'm in triple digits on shows and the other day I meant to say that Mars Hotel was no slouch of a studio album. Although Speedway Boogie on Workingmans is a serious favorite.
#14
Posted 20 February 2003 - 10:36 PM
red=2 day ema, Green=5 day, blue=9 day
Yesterday 2 crossed 5 up - first buy signal
Today 5 crossed 9 up - confirmation.
I don't buy it yet though. The market is too sick.
This signal did fail on June 27 2002 when it did the
same thing and the S&P fell more than 200 points.
I have some good working shorts and a few that are
up at resistance and failing to make new highs.
I'm staying short but will set tight stops (with alarms) on
most of my port tomorrow - tighter than usual.
Depending on Docs call I will decide to cover if
alarms go off.
I closed NPSP on the gap down today thank you very much.
I hear your riding it to zero.
If this fails I'll quit posting the chart. If it is correct - well lets
hope it's not.
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#15
Posted 20 February 2003 - 11:37 PM
The MTI is not low enough where major buys are usually conceived. The BSR and RT aren't low enough either. Most broader-based "bullish percent indexes" aren't low enough as well. McClellan Summation still going down.
I'm giving the benefit of doubt to the current primary trend which is still down.
I'm holding onto NPSP and CERS. So far so good.
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