5 replies to this topic

[NAV]

Edited by NAV, 17 August 2007 - 11:11 AM.

[OEXCHAOS]

Doooood! Nice chart... Ever notice how well simple TA works when the market gets wild and heads south? It's like everyone is suddenly a technical analyst. M

[NAV]

Mark, Drawing those pair of lines was easy, not trading it though ! . TA is working perfectly fine amidst all this crazy volatility. My system is still giving very good signals. Remember my hourly buy signal at 11:00 Est yesterday. I bought that signal and sold it within 15 minutes . I am mostly still out of the market the last 4 or 5 days, not because of my signals, but my money management rules are not allowing me to take positions with very wide stops. I think this volatility is a temporary aberration because of the liquidity crunch. Once it's over, calmer nerves should prevail. To the contrary, if the market starts trending up with high volatility, then i will have to pare down my position size and start getting active again.

Edited by NAV, 17 August 2007 - 11:34 AM.

[skyymaster]

Looks like until we break above the channel, it is pretty much like what semi said, DOOMSDAY.

[eminimee]

there is order in chaos....the count could be incorrect.....just showing how orderly it's been (so far)

http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=2&dy=27&i=p85951954116&a=93045759&r=3991.png

[skyymaster]

there is order in chaos....the count could be incorrect.....just showing how orderly it's been (so far)

http://stockcharts.com/c-sc/sc?s=$SPX&p=60&yr=0&mn=2&dy=27&i=p85951954116&a=93045759&r=3991.png

Until we have Super NOVA