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Euphoria, euphoric rally - China plays the stall card to extract more


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#41 12SPX

12SPX

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Posted 19 November 2019 - 09:33 AM

 

seven spentitalls.....>smile.png

LOL..... The same reasons over and over why the market "SHOULD" go down....  For me the bottom line is this - It has been 28 days since my last buy signal, and the trend remains up. Hold long positions until we get the VXX buy signal.....

 

I trade the trend. I trade what is happening not what I think will happen.  A VXX buy signal "LOOKS" to be very close now, but I will wait for the signal.

 

https://stockcharts....749&a=701126433

 

Totally agree, easier to flip when it turns.  The problem with the bulls is when we start talking about rationality in the market they automatically think were bears lol!!  



#42 robo

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Posted 19 November 2019 - 10:27 AM

 

 

seven spentitalls.....>smile.png

LOL..... The same reasons over and over why the market "SHOULD" go down....  For me the bottom line is this - It has been 28 days since my last buy signal, and the trend remains up. Hold long positions until we get the VXX buy signal.....

 

I trade the trend. I trade what is happening not what I think will happen.  A VXX buy signal "LOOKS" to be very close now, but I will wait for the signal.

 

https://stockcharts....749&a=701126433

 

Totally agree, easier to flip when it turns.  The problem with the bulls is when we start talking about rationality in the market they automatically think were bears lol!!  

 

I use to look over data for hours and place bets on the markets next move. Now I just wait for the move even if I get whipsawed. I'm trying to catch the big moves up (weeks) and avoid the big moves down.  My data indicates we are within days of a pullback, but I'm not going to buy the VXX until it happens. A simple 10 DMA on a daily chart is good enough for me. I'm retired and the gains are more then I need. (Delta and Gamma indicate the SPX is overbought too)  I wait as the trend remains up. However,  I agree the SPX/SPY looks very weak, and "LOOKS" like its topping....  I trade what is happening not what I think will happen.... Bottom Line - The trend remains up!

 

Good Trading!

 

https://stockcharts....156&a=701161604


Edited by robo, 19 November 2019 - 10:32 AM.

“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore