Member
Posted 16 September 2016 - 02:14 AM
alex - just a ? not a criticism - arent most turns done by just a few power stocks - it takes some time for the rest to follow?
I do not think the downside is over but this may be a longish pause.
could be. but probably after some extended decline.
In our case we had just a blip, and further distribution is masked by a handful of stocks.
Member
Posted 16 September 2016 - 08:44 AM
Thanks Alex - I did mean a pause in the downward action - it looks like a bear flag in the indices to me. I think Pisces has a good point - breaking 2115...
Member
Posted 16 September 2016 - 08:59 AM
They hit the initial STOP. But the swing is still bullish.
Pullbacks are still opportunities to get long. Not saying blindly buy the dip, but using a proper setup.
Member
Posted 16 September 2016 - 09:56 AM
SPX 2141 is a good level to go long today with day low as STOP.
Member
Posted 16 September 2016 - 10:19 AM
Typical STOP size for me is 6 SPX points. It has increased to about 10-11 points in the last few days. That tells me all i need to know about the market volatility. Don't need no stinking VIX.
Member
Posted 16 September 2016 - 03:53 PM
NAV - you base your stops on ATR?
