Trying to see what the bears see
#1
Posted 11 June 2007 - 06:51 PM
#2
Posted 11 June 2007 - 06:57 PM
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#3
Posted 11 June 2007 - 07:04 PM
My daily indicators are all lined up at the bottom and turning.
The only difference between now and Feb. is the weekly is not
oversold yet.
Is that the reason for looking for more down ?
Trading short against buried daily indicators has cleaned many a trader out.
That said, I'm short along with those that have been right but expect I'll
lose just the same this time.
CLK, i dont think you should trade or do something just because certain board members are doing so. Why not follow your own system? Of course if your system is disappointing you, then its a different story. That being said, there are a few charts that Mr. Dev has posted over the past few days which are a more compelling reason to being bearish than your ordinary MACD/STO/RSI, etc. Yet, even those simple indicators are not at their bottom levels on a daily basis, in fact not at all....
#4
Posted 11 June 2007 - 07:09 PM
#5
Posted 11 June 2007 - 07:11 PM
My daily indicators are all lined up at the bottom and turning.
The only difference between now and Feb. is the weekly is not
oversold yet.
Is that the reason for looking for more down ?
Trading short against buried daily indicators has cleaned many a trader out.
That said, I'm short along with those that have been right but expect I'll
lose just the same this time.
CLK, i dont think you should trade or do something just because certain board members are doing so. Why not follow your own system? Of course if your system is disappointing you, then its a different story. That being said, there are a few charts that Mr. Dev has posted over the past few days which are a more compelling reason to being bearish than your ordinary MACD/STO/RSI, etc. Yet, even those simple indicators are not at their bottom levels on a daily basis, in fact not at all....
My system, as many, is not good at picking tops, we had the potential for a top
but just as easily could have blasted higher out of the consolidation, I think the
problem was that the angle of ascent was not steep enough to do that, like
it was in April.
#6
Posted 11 June 2007 - 07:20 PM
Btw, here is my VIX chart. I am not huge on Fib numbers, but they do have their uses. On the 60minute chart the retrace looks complete and volatility is poised to strike again.
http://stockcharts.com/h-sc/ui?s=$VIX...5&listNum=3
My daily indicators are all lined up at the bottom and turning.
The only difference between now and Feb. is the weekly is not
oversold yet.
Is that the reason for looking for more down ?
Trading short against buried daily indicators has cleaned many a trader out.
That said, I'm short along with those that have been right but expect I'll
lose just the same this time.
CLK, i dont think you should trade or do something just because certain board members are doing so. Why not follow your own system? Of course if your system is disappointing you, then its a different story. That being said, there are a few charts that Mr. Dev has posted over the past few days which are a more compelling reason to being bearish than your ordinary MACD/STO/RSI, etc. Yet, even those simple indicators are not at their bottom levels on a daily basis, in fact not at all....
My system, as many, is not good at picking tops, we had the potential for a top
but just as easily could have blasted higher out of the consolidation, I think the
problem was that the angle of ascent was not steep enough to do that, like
it was in April.
#7
Posted 12 June 2007 - 06:07 AM
Mark S Young
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