5 replies to this topic

[Mr Dev]

Feb 23rd,..."I think many here are still expecting higher highs

before ever seeing a 2.5 - 4% sell off for the NDX, RUT, or even the SP & DOW.

I still beg to differ,"
LINK

first CPC LOOK BACK chart is from about Feb 17th/18th or so maybe even 19th


CPC LOOK BACK


Update

Edited by Mr Dev, 27 February 2007 - 10:21 PM.

[Mr Dev]

Picture yourself in a boat on a river.........

[bylo]

http://img201.images...nshot001ue1.jpg

Working on getting this image to post without much luck, but basically it is a chart of MACD and Stoch on the CPC you have used in the past. When both got in higher limit areas on the 25th, what made you think a rally would not insue and they would turn back down?

TIA-as always and much congrats for catching this one.

Edited by bylo, 27 February 2007 - 11:05 PM.

[Mr Dev]

Well that sliver is a bit hard to see but, in a nutshell the cross of the MA to the MID Bolli or Bolli MA is a trend change
signal. It then needs a low CPC which we got to get some momentum.

My Rule,.. under those conditions we don't worry about the High CPC spikes as those are what we want and are
with the Trend. We search for LOW CPC spikes counter to the Trend Signal and SHORT until the next really
High CPC and then we have a Profitable exit for the trade.


I think the 24th(Friday/Sat) was about when I posted that a GAP Up Monday would re-set the CPC lower while

having the MA well above that Mid Bolli.

Experience has shown me as soon as you get those signals ,....ie the second one since the LOOK Back chart you just have

faith that your knowledge of TA is good enough and you place your a@@ on the line.

Having traded the chart and sometimes ignored the chart,... I KNEW the chart was smarter than I, ...from there

I knew what to expect under these conditions for both the chart and the markets.

[Mr Dev]

Here's that faster MA I mentioned that has moved above the Upper Bolli....meaning MOMO similar to that of

last May.

[bylo]

You answered my question precisely. Thanks