Stories of Life.
Not sure I follow your Q... do what?Thanks,Mike
Create mirror image price patterns on widely different time frames.
ATR has flipped short and will be a confirmed ATR Sell Signal as long as SPX stays under 1020.A
Allan,Thanks to you, I'm really adding a lot of tools to my trading arsenal.Question: Are you amalgamating these different methods into your long/short decisions or are you trading each like a separate system?e.g. I noticed the BWT, ATR, and RENKO are quite close in capturing most of gains from July 18.Thanks againMarcello
How do they do that?They cheat.
interesting article on the stock market....http://www.livescience.com/culture/090826-stock-market.html
Marcello:I have merged BW and ATR into a single robust model. Either one is good stand-alone, together they provide for a little more flexibility in stepped entries and trailing stops.
Fractals!!! Markets follow the laws of the universe just like anything else. (I know you know that!)Great observation Allan.- C
Allan,At the risk of being greedy......Could you share your ATR settings so we may mimic you? If they vary what logic do you use to set them?Tom
Hi Allan,I remember you posted a monthly chart with ATR, showing that SPX closing above 1029 at the end of this month (tomorrow) will turn the bearish looking since 2007 into "the most bullish" case. What is your take on that now? SPX is 1030, as I am writing this now.
Re: ATR settings 7.0/2.0Re: Monthly close above 1029Ask me again this time next Monday
This train's next stop, 1050 level! (word verification "buyin") ALL ABOARD!
hmmz.. i can't believe this trend... pff.
Allan, Carl Futia, a well respected contrarian trader has a simple strategy he says confirms that a new bull mkt is underway after a bearish investment crowd like the one in 2008 has become so prominent. "After a bear mkt has has made a drop of 20% or more from it's preceding high point and the bearish crowd has formed look for the S&P 200 day avg to advance 1% from whatever low it makes after the drop which encourged the growth of the crowd". July 27th brought in that 200 day low at 870.57 and a 1% move up to 879.28 will be complete come Monday's close. It would take a 42 point drop over the next 2 trading days from our close today at 1030.98 for that not to happen. This move favors a normal advance of at least65% from its 666 low to the 1100 level or higher. Normal advances can last up to at least 20 months in length. IMO, the bear crowd of 2008 is in cardiac arrest and disintegrating fast.
Alan, looking for a little advice if you are willing to help a fellow Michigan home guy. My news letter today said markets continue to trade in false trend, and they may rise through the fall. Safer bet is to short Oil/Metals & buy USD like crazy 78. range. Anythougts, I keep getting stopped out in FAZ and have been killed. Thanks
Allan:saw somewhere that Prechter recommended 100% short this morning. Any take on this?
After marinating on all of this, it's pretty clear to me that we need more cowbell. Have a good weekend Allan.
Allan,Thanks for the NNVC tip. I bought at .54 a while back =)Here's a favor for you and your bloggers. eco-emissions.com (ECMZ.OB) is just getting started as a company and needs an inventory to fill $100 million worth of commited business. They just went through a reverse merger with Resource Group RSOG.OB They are offering a 3:1 private placement. You get 3x your investment in shares-13months from now. Also, if you want to be more aggressive you can get a 20 cent disount on the opening share price of .50 cents-6 month restriction before selling shares.I just flew out to Arizona to check on the company and make sure it's for real. It exceeded my expectations. I would be happy to send my itinerary or any info to you or your bloggers. I am not self promoting, I am a civil engineer and graduate of University of Michigangdcorvers@hotmail.com
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