Black doji on the diamonds, should indicate a reversal, CCI etc.
Might gap down first though, looks that way, 60min.
I'm not taking on any new position, just trying to see if I can
improve on my track record of calls.
I've got some decent systems to the eye, but I don't have a way to backtest
right now. I know there are some bad signals, the percentage is hard to nail down.
I'd feel more comfortable if I could come up to 80%+ accuracy.
Maybe it is not possible to call every day and be 80% right. But it hurts to wait several
days for a setup then get it wrong.
Tomorrow should be up
Started by
CLK
, Feb 11 2009 06:00 PM
8 replies to this topic
#2
CLK
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Posted 11 February 2009 - 06:06 PM
No need to get too beared up until the wedge breaks. Even then have
to check the divergences.
http://stockcharts.com/h-sc/ui?s=$IND...2&listNum=1
to check the divergences.
http://stockcharts.com/h-sc/ui?s=$IND...2&listNum=1
#3
zigzag
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#4
thespookyone
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Posted 11 February 2009 - 09:04 PM
We close down. Gold to roll over, crude couldn't look worse. STVO's and VTO's rolling over.
Small point change in the MCO indicates a big day in the next two-my take is it's down.
#5
CLK
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Posted 11 February 2009 - 10:06 PM
Could be, it's a close call since we are so close to support.
I note the futures have the classic bear, upside down U formation
on the 60 minute.
Will see if divergences hold it in case it breaks down.
We did put in a doji up, though, which usually signals reversal.
#6
traderpaul
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Posted 12 February 2009 - 01:49 AM
Tomorrow should be a down day....a hard down day....
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay
#7
blustar
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blustar
Posted 12 February 2009 - 08:39 AM
Agreed and FridayTomorrow should be a down day....a hard down day....
#8
CLK
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Posted 12 February 2009 - 03:49 PM
I'll have to give myself a B- on that call, we got the gap down and reversal finally
to nearly break even, not an up day but not much damage either.
Buy weakness would have been the best on that one.
#9
zigzag
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Posted 12 February 2009 - 04:31 PM
I'll have to give myself a B- on that call, we got the gap down and reversal finally
to nearly break even, not an up day but not much damage either.
Buy weakness would have been the best on that one.
Nope. You were right. spx comp rut ndx up. Up is up.
