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General Discussion · VIX and SPX Charts
donnelt
msg #83276
11/20/2009 9:28:29 AM


Tranny looks good for the $70 Put.

http://stockcharts.com/h-sc/ui?s=IYT&p=D&yr=0&mn=7&dy=0&id=p87306009755

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donnelt
msg #79456
9/17/2009 7:30:20 AM

I think we have some growth short term. Transportation stocks usually are a strong leader for the rest...

http://stockcharts.com/h-sc/ui?s=IYT&p=D&yr=0&mn=7&dy=0&id=p87306009755

IYT might run out of steam soon, but the rest lag.

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donnelt
msg #79401
9/16/2009 2:20:43 PM


RF, LOW, MO and TMX are all doing very well for me today.

Filter Exchange · would anyone be interested in writting a book with me- called--the closest thing to the holygrail
donnelt
msg #79355
modified
9/16/2009 7:00:10 AM

Cello.. the main indicators I use are in the chart. I also use fib/volume for resistance support, eg:

http://www.stockta.com/cgi-bin/analysis.pl?symb=C&num1=9&cobrand=&mode=stock

However, using Connors/M4M RSI(2) was causing problems when I timed the entry or exit badly on a large near-term, near-money call trade when the trend was down. On a down-trend, the calls started to run away from me, but all the short-term indicators were giving periodic (hourly) cause for hope when the tide was going out.

I used MACD and RSI(14) to try and spot the turning point, but they seemed to have too much lag for day-trading. I noticed MFI(14) seemed to have the right balance of immediacy and trend. It did not lag as much as the others.

Clearly, its's good to know when money starts to flow out of a stock (as a trend). It increases the risk of large intra-day or over-night call option purchases, but also helps you decide whether you get out now with a small loss or ride the calls further.



Filter Exchange · would anyone be interested in writting a book with me- called--the closest thing to the holygrail
donnelt
msg #79351
9/16/2009 5:00:36 AM


Here's another example of MFI(14) as an early (earlier?) warning signal of trend reversal:

http://stockcharts.com/h-sc/ui?s=URS&p=D&yr=0&mn=6&dy=0&id=p84529150406

Filter Exchange · would anyone be interested in writting a book with me- called--the closest thing to the holygrail
donnelt
msg #79350
modified
9/16/2009 4:07:42 AM

Karennma .. yes. The RSI(2) may have given you cause for hope, as would the MACD(12,26,9); but the immediacy of the MFI(2) would have give you 2-days heads-up that money was now flowing out of C and the trend had possibly reversed. With this information, you might have close out a losing call sooner thus paring any loss.

http://stockcharts.com/h-sc/ui?s=C&p=D&yr=0&mn=3&dy=0&id=p99030618473

+++ Correction... MFI(14), not MFI(2)

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donnelt
msg #79268
9/15/2009 3:32:09 AM


http://finance.yahoo.com/gainers?e=us

Filter Exchange · would anyone be interested in writting a book with me- called--the closest thing to the holygrail
donnelt
msg #79183
9/14/2009 1:05:07 PM

M4M ... your RSI(2) is good at tracking intra-day and 2-3 days buy/sells. Try using MFI(14) as well.

Sometimes you can't see the forest for the trees. Using RSI(2) on CITIGROUP Calls would have yielded a few blips where you could have made money, but if you got the timing wrong, the general downward trend would have left you nursing an expensive mistake.

If you check the MFI(14) for C, you will notice that on 24 August, it was signalling a big reversal. September calls would have been difficult to correct with the tide going out.



Filter Exchange · lession #6- finding stocks ready to make big moves
donnelt
msg #78713
9/6/2009 4:49:29 AM


It seems low or high ATR can issue a breakout, but in either direction. Perhaps in combination with an RSI or Williams index to flag over-sold might be a method of getting the direction.

Filter Exchange · lession #6- finding stocks ready to make big moves
donnelt
msg #78666
9/5/2009 4:14:55 AM


I thought high ATR was the buy signal and low ATR an exit signal?

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