What works in predicting a "run day"?

Discussion in 'Technical Analysis' started by himself, Nov 8, 2014.

  1. %%%%%
    Dont remember the coin flip tues, but i'll take your word for it.
    50dma, 200 dma usually run;50dma can run with the longer term trend, but that's not a prediction .Good points on keeping track of daily changes;personally i use %, so i dont exspect a $200 area move when SPY is $75 area
     
    #11     Nov 18, 2014
  2. #13     Nov 21, 2014
  3. One thing that could help would be to look at the longer timeframes - day, hourly. If the chart is near a key level (s/r, swing point) then the possibility for a smooth day ("trend day") could be higher as soons as the chart moves in it's primary direction (daily trend).

    this is the theory. and in general it works. BUT you don't know if the chart starts moving well from the swing point today or makes another range day and moves tomorrow, possibly even with a big overnight gap that eats in your profits.

    so in practice i'd say it's hard to predict a trend day. I don't believe I can do it.



    And then decide wheter the
     
    #14     Nov 23, 2014