Interesting flat/cash position; SPY ,QQQ still looks mostly flat for month ,week,/eod, actually still below 50 day moving averages. WB; Also interesting you applied your timing studies/model to retail stores; when you wrote that , thought of how shoppers will stampede into a store, some stampede literaly, like traders ,with a 50% off sale. God bless and good trading, good timing
fader, Unfortunately, sometimes we enter at time loci that catch the momentum low and not the price low and vice versa. This can be costly if commissions are added to small losses when stops are hit. In the current deregulated brokerage industry, round trips are a negligible expense. Also, the structure was allowable from the high to allow a completed look ot the internal structure. So, if we have price, acceptable structure and volume patterns corroborating at a time locus, then it's time to go and enter. Re-entry was simply a matter of still being right about the trade and sticking with our discipline which centered around using the SPX stop to exit all of the swing position. A look at the OEX, Dow, and NYA might have kept us in the trade, but that was not our plan. The SPX pullback intraday to nearly 100% was enough to shake out even strong hands - unless you noticed the smallish gap that it covered. Sometimes gaps matter soon and other times they don't matter at all. I'm still trying to 'learn' this blog medium. It can't be that hard! Lots of people displaying shallow thoughts have figured it out! I'm confident I will too. Good Trading and God bless W. B. Busin
Thanks murray Thanks momoney If somebody makes anything off what I post, please return some portion to a local charity. Then maybe you might find an interest in giving some time to the same charity. It can be more rewarding than receiving any gains from the markets. Good Trading and God bless W. B. Busin
hi W.B. - appreciate your feedback, following your comments and trades has yielded excellent insights - thanks for your contributions and best of luck in your trading.
This is quite a precise prediction: ... This swing upward is most likely the last chance for making new all time highs on the Dow. The time locus of February 24th/27th (both days have gained prominence) could be the turn to take all your investment monies off the table and await the April lower high to create hedges or short your index of choice. March 13th now appears to be developing as a low time locus. Good Trading and God bless I'm impressed with your confidence, and I'm looking forward to see what'll happen.
I have updated the blog again. I have successfully loaded a chart also - a small victory! Good Trading and God bless W. B. Busin
1] Excuse me if this has been asked before, if true a page number would be fine answer, or whatever; whats your accuracy rate, medium term ,long term , about 80 +%???? Its helpful reguardless. 2]If not to personal ; what time did you enter your longs [2-13-o6], close to market open, or late am......???? If to personal thanks for info already given. God bless. I looked and recieved instruction; i looked and learned a lesson .-Solomon,trader king.