5 replies to this topic

[Rogerdodger]

I ran across this tonight.
It was something Carl at decision point was showing a few months ago.
I always like to look at past sell-offs and compare.
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&b=3&g=0&i=p24434721663&a=96927041&r=6305.png

Edited by Rogerdodger, 02 August 2007 - 10:31 PM.

[maineman]

Marty Schwartz, in PIT BULL, always used (uses?) the EMA 10 cross EMA 55. If I recall he said "You'd better have a pretty good reason trading against this signal". On the other hand he spoke of the fact that the greatest reward/risk can happen as the 10/55 is approached, as a "kiss off" can lead to great profits, too. mm

[Rogerdodger]

Well this 20/50 is certainly long term. Selling the cross down in March was very near the bottom of the correction. Buying the cross back up was to miss 60 points. But the comparison of corrections is interesting to me. I'm expecting some resistance to appear near that 1490ish blue line, as it did in March at the 1410ish area.

[arbman]

I've been wondering about that and here's the way I see it...



Now, that 10 at the last bar better not be at the above gap for the shorts...

- kisa

[Rogerdodger]

Very interesting. The daily candles have been much longer lately. High VIX Trader heaven

[arbman]

This is exactly what's happening with an example...


The prices and volatility usually increase together, although it seems normal, it is actually an indication of reduced liquidity...