chetron
2,817 posts
msg #75673
- Ignore chetron |
6/20/2009 9:45:10 AM
ALL MOMO DATA IN MEASURED IN DAYS
NEGATIVE IS BEARISH
POSITIVE IS BULLISH
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chetron
2,817 posts
msg #75674
- Ignore chetron
modified |
6/20/2009 9:58:47 AM
CORRECT ME IF I WRONG, BUT.....
JP CORRECTIONS....
THERE IS NO VALUE ADDED TO COMBINING 2 TREND INDICATIORS TOGETHER, YOU NEED TO PICK ONE AND ONLY 1.
HTH
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johnpaulca
12,036 posts
msg #75676
- Ignore johnpaulca |
6/20/2009 11:27:35 AM
Another thing, after 20 down days do you really want to open a short position?...not. How I would short this filter is to look for stocks like ONB with the reversal doji as of yesterday. I would set the the down days to 8 or 9 instead of 20 that way you are clear of stocks simply correcting (3-7 days pullback), look for reversal candles at the BB12, then see how far away you're from support, check if the market is correcting, check risk reward, finally make your decision.
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chetron
2,817 posts
msg #75757
- Ignore chetron
modified |
6/24/2009 1:02:07 PM
HOW ABOUT....
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johnpaulca
12,036 posts
msg #75760
- Ignore johnpaulca
modified |
6/24/2009 5:56:29 PM
Chet: tomorrow would be a good day to use the " Trend is Bearish " filter. Most of the stocks from today's scan are up against a downward trend, these stocks are high probability short. Note the Dow is also down, fell below ema100....F looks good for shorting.
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chetron
2,817 posts
msg #75765
- Ignore chetron |
6/24/2009 9:33:39 PM
THANX JP
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Eman93
4,750 posts
msg #75766
- Ignore Eman93
modified |
6/24/2009 11:07:19 PM
I have been fooling with this......
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Eman93
4,750 posts
msg #75767
- Ignore Eman93
modified |
6/24/2009 11:09:33 PM
Bull Killer
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decipherlinda
133 posts
msg #75772
- Ignore decipherlinda |
6/25/2009 8:29:06 AM
Eman93, outstanding!
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Eman93
4,750 posts
msg #80249
- Ignore Eman93 |
9/28/2009 10:52:13 PM
bump
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