Market Direction INDU SPX OEX NDX RUT

following the trend seems to be the best advice on trading, plus obeying stops. Works like magic!! http://lauristonletter.blogspot.com/

 

makloda

If you specify risk via volatility we have

INDU 7
SPX 7
NQ 13
IWM 13
VIX 73 !!! (SPX options volatility)
AAPL 43

QID ?

 

I will re-focus on INDU, SPX, NDX and Russel at specific grids as stated on 01-05-07 06:45 PM (see above).

Ten day grids:

INDU HIGH 12570 LOW 12345 with 12 x 15 point steps
SPX HIGH 1428 LOW 1406 with 11 x 2 point steps
NDX HIGH 1795 LOW 1735 with 16 x 5 point steps
RUT HIGH 798 LOW 776 with 11 x 2 point steps

For the DOW we have following waves:

522122113211231121121233271121424111421724122211

The best system is:

S383 (Stop 3*15; PT 8*15; Stop 3*15)

 

I agree......the only issue is how big the % down room is going to be before the up room. :eek:

 

System
S 10 no PT with 10 point TS

S = Stop
PT = Profit Target
TS = Trailing Stop + Reverse Point

 

For the 15 point grid I've got following results:

S171 12/49
242 13/24

 

System is short from 12525
Trailing Stop is at 12510
At that point the postion will be reversed
Profit Target is 7*15 points

 

I found a nice system based on the Russel Index RUT.

Based on a 2 point grid a nice profit would have been made the last 10 days. Please see attached graphics for details.

 

NDX has been the most volatile index today.
INDU, SPX and RUT sideways (no big breakout)

Long since 1785
Short signal at 1790
(Trailing on 5 point grid)

 

INDU is in a very narrow range.

3 month trend is up! Breakout on the TOP?