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SECTOR SELECTION


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#1 diogenes227

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Posted 11 October 2011 - 02:22 PM

...in that order.

http://stockcharts.c...25685&r=849.png

http://stockcharts.c...8983&r=6760.png

http://stockcharts.c...3756&r=3863.png

http://stockcharts.c...4777&r=8322.png

Edited by diogenes227, 11 October 2011 - 02:24 PM.

"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 diogenes227

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Posted 17 October 2011 - 05:46 PM

I'M SEEING RED

:rolleyes:

"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."


#3 diogenes227

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Posted 20 December 2011 - 03:12 PM

I'm wondering if everyone is worn down enough by the chop, chop, chop of the last few months for the market to finally mess with a few minds and follow through right now with a ripping Santa rally on a NYMO low above a low at the close today and all the candle power evident above? :) 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."


#4 edamat

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Posted 20 December 2011 - 10:06 PM

yes, I am almost scared by this market. is IYB or Fib's warning(context is down) still concern you? thanks

#5 diogenes227

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Posted 21 December 2011 - 02:08 PM

yes, I am almost scared by this market.
is IYB or Fib's warning(context is down) still concern you?

thanks

Yes, it's scary and their warnings are right on. I started being concerned about this market back in May (MAY 29TH POST), and in reply to an email in June (JUNE 7TH POST) took note of the changing tone in the market as the NYMO/NYSI began to suggest a possible transition to a bear market, and then in late July as that May Post chart shows, we dropped through the "Death Cross" and the bear was confirmed. That period back in early summer -- of course clearer now in retrospect -- was a time when the McClellan Oscillator was really showing its value by truly giving signs of the shifting context for the longer term.

It is still a bear market and not a nice one. Any bear market is frustrating for the bulls, and this one is going sideways, which is makes it also frustrating for the bears. Today, so far, is pretty good sign of the bear -- big up blast yesterday, lots of buy signals, not a lot of follow through... You have to either stay out, or play disciplined defense or, depending on your risk tolerance, be willing to accept draw downs until this works its way out one way or the other.

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."