| StockFetcher Forums · Filter Exchange · ANOTHER BILLY 2 | << 1 2 3 >>Post Follow-up |
| chetron 2,817 posts msg #65993 - Ignore chetron modified |
8/9/2008 12:29:00 PM MAYBE... |
| johnpaulca 12,036 posts msg #65995 - Ignore johnpaulca |
8/9/2008 4:17:29 PM Hi Chet...this looks like a good short filter...I looked at some of th results and they are in some serious down trend, would you put your cash on these? I hope not. Take a look at NBR...would you go long on this?  |
| WALLSTREETGENIUS 983 posts msg #65997 - Ignore WALLSTREETGENIUS modified |
8/9/2008 6:31:32 PM John - It's not a "long" filter. I designed it to be a 2-3 day pop. That's it. Then you're on to the next one. It's actually an incredibly RELIABLE filter when all the stars are lined up, and if you look at "NBR", it really is done falling for the moment...If you look at the "tweezer bottom" it just set-up for itself. That also is a very reliable pattern. The "tweezer bottom" doesn't happen by accident. It's a showing of new buying, rather than selling. Will it last? Probably not. Is "NBR" indicative of the entire filter?...Now you know better than that right? It's just one stock, and not one that "I" would look at twice, but you cant argue with Mr. divergence. It's like riding a bike against a 100 MPH windstorm. That too is up against your theory. Peace, RIGGS |
| johnpaulca 12,036 posts msg #66001 - Ignore johnpaulca |
8/10/2008 1:23:30 AM Thanks Riggs...I am still learning. |
| chetron 2,817 posts msg #66005 - Ignore chetron modified |
8/10/2008 1:18:30 PM hi jp, no, i would not long it. also i won't pick it for a pop either, because the weekly biily angle of attack is too shallow (weak). as you pointed out, if i were to play NBR, it would be to short it. hope this helps. |
| WALLSTREETGENIUS 983 posts msg #66006 - Ignore WALLSTREETGENIUS |
8/10/2008 2:51:25 PM hi jp, no, i would not long it. also i won't pick it for a pop either, because the weekly biily angle of attack is too shallow (weak). =========================== ....then would you mind telling us all WHY you started a thread with it??? Currious.... RIGGS |
| chetron 2,817 posts msg #66019 - Ignore chetron modified |
8/10/2008 6:31:07 PM i was trying to key in on weekly bill at a 45 degreee angle blended with hstxhst. what popped up at me with this filter was that a weekly bill angle of less than 15 degree angle were less likely to pop. nbr is at the top, because i sorted on a low weekly rsi which looked more promising. the equities of interest to me are. CNX XOM EQIX RRR ZOLT MXB CONN ASX l believe these have a higher likelyhood to pop monday. i am not using this filter, the idea interested me. |
| chetron 2,817 posts msg #66145 - Ignore chetron |
8/13/2008 2:23:42 PM NICE CALL ON NBR, GENIUS. WOW, I AM GOING TO HAVE TO RETHINK MY IDEA. |
| WALLSTREETGENIUS 983 posts msg #66147 - Ignore WALLSTREETGENIUS |
8/13/2008 2:34:21 PM CHET - Look where the bottom dropped out on OBV yesterday. That should ALWAYS be one of your guiding lights. NBR was an easy one to call, but I personally would be taking profits right about now. Thanks, RIGGS |
| WALLSTREETGENIUS 983 posts msg #66186 - Ignore WALLSTREETGENIUS |
8/14/2008 12:17:04 PM 8/13/2008 2:34:21 PM Look where the bottom dropped out on OBV yesterday. That should ALWAYS be one of your guiding lights. NBR was an easy one to call, but I personally would be taking profits right about now. ________________________ Gosh I hate being right all the time! LOL...NBR down $1 since yesterdays advice (prediction). RIGGS |
| StockFetcher Forums · Filter Exchange · ANOTHER BILLY 2 | << 1 2 3 >>Post Follow-up |