dducey
19 posts
msg #31828
- Ignore dducey |
4/21/2004 8:05:57 PM
Re EVOL and IDUL - There is no guarantee of an immediate bounce. It could take a few days but a bounce will surely come (like King Harvest).
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TheRumpledOne
6,529 posts
msg #31852
- Ignore TheRumpledOne |
4/23/2004 4:37:26 PM
I am not sure what you are saying about who is right?
I just posted what RSI(2) showed me.
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roca1018
163 posts
msg #31947
- Ignore roca1018 |
5/1/2004 7:06:20 AM
RSI(2) on QQQ must be close to or under 2 at this point? What other indicators do you use to confirm a bottom?
Regards,
Rich
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TheRumpledOne
6,529 posts
msg #32005
- Ignore TheRumpledOne |
5/7/2004 11:34:27 PM
Don't really need other indicators.
I do look at the linear regression lines. I have posted about this before.
If RSI(2) is low AND the price is at/near the lower linear regression line it is usually time to load the boat.
Also look for a positive divergence.
Right now the QQQ lower LR is around $33.50.
Remember, this is a guessing game, ANYTHING CAN HAPPEN. Just don't be greedy.
Take what you can, give nothing back.
MAY ALL YOUR FILLS BE COMPLETE.
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TheRumpledOne
6,529 posts
msg #32021
- Ignore TheRumpledOne |
5/10/2004 9:36:31 PM
SBAC rsi(2) = .037 closed $3.22
SIRI rsi(2) = 2.09 closed $2.94
GSPG rsi(2) = 1.77 closed $0.37
Sit back and watch or load the boat on green and make some green!
MAY ALL YOUR FILLS BE COMPLETE.
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sparksgl
4 posts
msg #32034
- Ignore sparksgl |
5/11/2004 11:04:35 PM
How has this filter been working of late? Going to start tracking today....
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TheRumpledOne
6,529 posts
msg #32045
- Ignore TheRumpledOne |
5/12/2004 4:22:04 PM
Hey Sparks...
It is NOT what you trade but HOW you TRADE IT!!
You must enter AND exit to capture the profit.
Can't blame the filter because you didn't sell for a profit.
SIRI hit $3.25 today .. I was out at 3.24 and 3.22 (sold 1/2 at the peak to lock in profit, the rest when it reversed).
Was in GSPG at .32 out at .38 same day.
I didn't buy SBAC but it closed at 3.34 today, peaked at 3.40. Profit to be had.
It is NOT the filter, but the trader that determines the success of the trade.
DO NOT CONFUSE STOCK SELECTION WITH STOCK TRADING.
MAY ALL YOUR FILLS BE COMPLETE.
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sparksgl
4 posts
msg #32046
- Ignore sparksgl |
5/12/2004 7:04:23 PM
So this is for short term trades or even day trades?
IASG was on the screen yesterday.... Opened up high today but fell due to the market... Tomorrow will probably be a nice oppurtunity to get in..
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TheRumpledOne
6,529 posts
msg #32072
- Ignore TheRumpledOne |
5/13/2004 4:31:40 PM
IASG... doesn't even average 1,000,000 shares a day. You want to get stuck?
Unless you "know" a stock, I suggest you don't trade any stocks under 1,000,000 share/day average volume.
I KNOW GSPG and I KNOW SBAC.
MAY ALL YOUR FILLS BE COMPLETE.
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sparksgl
4 posts
msg #32073
- Ignore sparksgl |
5/13/2004 5:23:27 PM
So you only play the stocks with greater then 1 million volume?
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