alf44 2,025 posts msg #91585 - Ignore alf44 modified |
4/24/2010 12:25:52 AM
A Rose By Any Other Name
Would Be Angelina's Lips !!!
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Eman93 4,750 posts msg #91595 - Ignore Eman93 modified |
4/24/2010 10:07:10 AM
I did take a long hold over the weekend IMAX small size.. that dam push at the end.... should have balled up and loaded TZA but that 740 print... has the bulls in charge
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mrkx 7 posts msg #91597 - Ignore mrkx |
4/24/2010 2:36:59 PM
With your filter on the QQQQ, DIA, SPY, and IWM, the close 26 days ago is still below the Chikou, and also the close is above Kijun. The major index is still in up trend which also confirmed with rsi(14) above 50.
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alf44 2,025 posts msg #91618 - Ignore alf44 modified |
4/25/2010 3:48:40 AM
mrkx,
Your analysis (with respect to trend) is exactly correct.
The Chikou clearly shows Bullish sentiment and the Kijun shows an UP trend in the short to medium time frames.
All that was taken into account ... however, this was a "counter-trend trade" ... or, at least it was meant to be. A counter-trend trade is obviously a trade AGAINST the prevailing trend ... thus the name.
The ... ah hem ... "funny" thing about this was ... I actually had a nice profit on the trade.
That "profit" has now disappeared ... and then some.
In other words, the filter did it's job ... the trader (ie. me) ... DIDN'T !!!
---
I feel (however) like there is still a very good chance I will be just fine. fwiw
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alf44 2,025 posts msg #91647 - Ignore alf44 modified |
4/25/2010 10:17:08 PM
...I am expecting further damage (to my account)...
...I WILL "hunker" down and absorb it...
...I liken it to a sub...sitting on the bottom of the ocean...dead silent...enduring the inevitable "depth charge assault"...
... uhhh ... BRING IT !!!
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alf44 2,025 posts msg #91648 - Ignore alf44 modified |
4/25/2010 10:17:29 PM
..................................Run Silent ..............................
............................... Run Deep !!! ..............................
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alf44 2,025 posts msg #91651 - Ignore alf44 modified |
4/26/2010 12:16:38 AM
...................... Know When To Hold'em ......................
..................... Know When To Fold'em !!! .....................
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fortyfour 189 posts msg #91722 - Ignore fortyfour |
4/27/2010 6:59:04 PM
pop !
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Eman93 4,750 posts msg #91726 - Ignore Eman93 modified |
4/27/2010 7:58:21 PM
Some day I will have balls of steel also ....... way to hang tough....
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mrkx 7 posts msg #91729 - Ignore mrkx |
4/27/2010 8:39:04 PM
For SPY, the up trend appears to be cracking with close below kijun. There needs to be a follow through in a few days for confirmation.
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