Edited by Sentient Being, 19 May 2007 - 03:25 PM.
A Two Week Look At Market Performance
#1
Posted 19 May 2007 - 03:25 PM
~ Johann Wolfgang Von Goethe ~
#2
Posted 19 May 2007 - 07:11 PM
Looks like I'm working hard just to stay even with the gains in oil/services sectors.
I just exited those about two weeks ago thinking I could out run-em playing the leverage indexes.
Lesson learn,...but I'm going for another two weeks before looking back into the oils and UtLs, which I feel are
slightly outperforming even oil...with a lot less volatility.
You may want to add them to your chart.
Wait... a minute I just happen to have one of the charts I use,,...very handy.
Sorry for such a long history, but here ya go.
Edited by Mr Dev, 19 May 2007 - 07:05 PM.
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!
#3
Posted 19 May 2007 - 07:43 PM
Edited by Sentient Being, 19 May 2007 - 07:44 PM.
~ Johann Wolfgang Von Goethe ~
#4
Posted 20 May 2007 - 10:59 AM
Thanks Mr. D.,
I'm at work and the company firewall wont let me see your charts. I'll check them out when I get home tomorrow.
I'm just starting to look at charts like this and thinking about how I might use them. A Year to date, two month and two week should be enough. Now I have to figure out how I would trade them.
Conider the loss of liquidity-indicated by the different sectors moves.
#5
Posted 20 May 2007 - 01:48 PM
Consider the loss of liquidity-indicated by the different sectors moves.
Spooky,
I'm having trouble wrapping my mind around what you are really trying to tell me. Lets take a look at a specific market, like Reits. Are you saying that because they are dropping so much that "liquidity" is leaving those markets? What does that mean to me, what's the next logical conclusion I should draw?
I say this because I'm not that sophisticated and I'm sure you know what you mean but I don't.
Edited by Sentient Being, 20 May 2007 - 01:48 PM.
~ Johann Wolfgang Von Goethe ~
#6
Posted 20 May 2007 - 02:12 PM
Edited by Sentient Being, 20 May 2007 - 02:15 PM.
~ Johann Wolfgang Von Goethe ~
#7
Posted 20 May 2007 - 04:43 PM
Consider the loss of liquidity-indicated by the different sectors moves.
Spooky,
I'm having trouble wrapping my mind around what you are really trying to tell me. Lets take a look at a specific market, like Reits. Are you saying that because they are dropping so much that "liquidity" is leaving those markets? What does that mean to me, what's the next logical conclusion I should draw?
I say this because I'm not that sophisticated and I'm sure you know what you mean but I don't.
Well, if you want to sell your home right now-is there a lot of liquidity in that market to support the price you would desire? So, imho, yes-liquidity has left the housing market. Is there less money for real estate now that subprime loans are being looked at much harder-you bet-and builders are betting on it too, by taking out the lowest number of building permits in 10 years.
The other culprit is gold and silver-by your charts, gold is underperforming, and silver prices as well. I have noticed a relationship in the past between falling silver prices and liquidity. As tons of cash became apparent, driving the market up-what happened with silver prices?=UP UP UP. They are now dropping BECAUSE liquidity is waning-just my take. When you and I talked about gold, bonds and real estate before-your instincts seemed right on! -Which to me is much more important than any levels of "sophistication". I have daytraded for a living for 25 years, and could, probably spew a bunch of sophisticated crap on this board with the best of them-but time has taught me that to make the most money, I use the KISS method to enjoy maximum profits, instead. I believe that simple indicators and situations, combined with a recognition and firm understanding of the RST pattern most indexes are in now will keep me profitable-I'll leave the esoteric judgements to others, as I allways have. Your approach of trying to devine which sectors are up and down-for which reasons-seems quite well grounded to me.
Spooky
Edited by thespookyone, 20 May 2007 - 04:45 PM.
#8
Posted 20 May 2007 - 06:09 PM
~ Johann Wolfgang Von Goethe ~
#9
Posted 20 May 2007 - 06:19 PM
#10
Posted 20 May 2007 - 09:56 PM
In the mean time, I'm 80% buy and hold so I'm not missing much in the present rally because I'm trading only a fairly small portion of my assets. Next year I may reduce that to 10% in my trading account. Unless for some reason I feel my trading has actually improved.
I will tell you what I've shared with my family members,...buy UTLs but UTLs buy UTLs!
You can watch and play the oils and the OIH,..I do,...but it can get choppy, if you don't want to work so hard to make Grrreat returns go into UTLs on almost any given down day.
Don't wait for one tho,... just start in small and add more on the following market down days.
My weekly UTH ($151.80) has support at 145. My daily has support between 147- 149. The short interest has about 10days to cover.
Now go make some money!
Pm me after you receive this then .. it will disappear!
.. .. ..
Mr Dev
......trading is basically a simple operation, but you have to be a genius to understand the simplicity.
.....timing,..... is ....everything !
... remember no guessing visit MrDev!