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Sector Swings --


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#1 diogenes227

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Posted 13 July 2011 - 11:43 AM

...there is money to be made.

http://stockcharts.c...9033&r=6497.png

http://stockcharts.c...4778&r=7288.png

http://stockcharts.c...4776&r=8549.png

http://stockcharts.c...4777&r=8818.png

"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#2 mss

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Posted 14 July 2011 - 03:25 PM

:) Nice post.
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#3 diogenes227

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Posted 22 July 2011 - 01:55 PM

...and other money to be made....

http://stockcharts.c...8914&r=1541.png

http://stockcharts.c...8723&r=7404.png

"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#4 edamat

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Posted 24 July 2011 - 09:08 AM

Hi, diogenes227: great charts as usual, and you're right on the buy signals(green lines). to my inexperienced eyes, during July 11 to 18, NYMO made lower low and lower high, NYSI was down, what prompted you to buy, if you don't mind to explain? anything I overlooked? I did notice the signal for DRN was after July 18, but NYMO was up but hadn't made higher low, NYSI was still down on the day you put on green line. Is it because for those commodity related ETFs you put more weight on CCI crossing 0? thanks in advance. edamat

#5 diogenes227

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Posted 24 July 2011 - 10:33 PM

edamat, I posted these charts mainly as a reference to illustrate the obvious -- that when the NYMO is in an up swing and the sector ETF and the major stocks in the ETF surge at the same moment it's probably a good play to jump into the sector for a swing. Remember I am a swing trader and everything I post is something I think relevant to a swing trading. Doesn't always work (that's the nature of the market), but often does as illustrated in these charts. On a personal trading note, I did not buy any of these during the last down swing because of the high below the high that went into place on the NYMO on July 8th, then made the mistake of buying TNA against the high below highs on the July 13 and promptly got whacked on the 14th for a loss and a lesson in not fighting with the McClellan Oscillator. I bought TNA again on his last swing starting on the 19th and ending on the NYMO downturn last Friday (simply, a three-day swing) mainly because it was a NYMO upturn and also because the NYMO had gotten rather oversold just before that (still no low above a low so it was a dangerous trade with a tight stop). Made a couple percent. In retrospect, would have liked to have grabbed DRN and/or ERX, which ran about 6.5 percent each during the same swing, but did not feel confident enough at the start of the swing to have all that size with NYMO highs below highs staring me in the face. Hope that helps. Good luck and good trading.

"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#6 DrSP

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Posted 28 July 2011 - 06:44 PM

Does not always work (same as you said: nature of the market), but I thought you were buying and selling the NYMO crossing 0.
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#7 diogenes227

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Posted 29 July 2011 - 02:20 PM

Does not always work (same as you said: nature of the market), but I thought you were buying and selling the NYMO crossing 0.

NYMO crossing zero (in other words a rising or falling NYSI) is just context for which side of the market to be on. The aggressive trader's buy signal (with an appropriate defensive stop) is a low above a low on the NYMO. Right now there are only highs belows highs on the NYMO (and the NYSI is declining) so in my mind one should be flat or playing the short side.

Good luck and good trading. :)

"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#8 diogenes227

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Posted 04 August 2011 - 01:58 PM

Adding:

http://stockcharts.c...1650&r=3880.PNG

"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx (on market history?).

“I've learned in options trading simple is best and the obvious is often the most elusive to recognize.”

 

"The god of trading rewards persistence, experience and discipline, and absolutely nothing else."


#9 DrSP

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Posted 07 August 2011 - 07:00 PM

diogenes, Respect to you but it would be useful to post that (red/ green) line less than 2 days after, rather than 10 days after when it is obvious to everyone. Do it a couple of times in real time, I will believe you have a useful indicator. ThankQs.
You could be a billionaire or an industrial worker or a teacher or a moderator of a forum - Hold a good conscience because that is what matters.