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Thanks for answering Saturn's question. 

$SPX...

Posted by bobkatg on 22nd of Jan 2010 at 03:18 pm

Thanks for answering Saturn's question.  Very helpful.

Big help, daveananda

Setting stops

Posted by bobkatg on 18th of Nov 2009 at 12:20 pm

Matt, that is certainly my

Setting stops

Posted by bobkatg on 18th of Nov 2009 at 11:45 am

Matt, that is certainly my experience too.  That's why I am troubled to hear that so many think that stops are manipulated by market makers.

Stops not manipulated?

Setting stops

Posted by bobkatg on 18th of Nov 2009 at 11:43 am

Michael, so you think the impression that a number of traders have here that market makers stretch to grab stops before letting market rise again is just a subjective impression, an illusion caused by bad experiences?  You think I'm safe setting stops that I'm comfortable with and then not checking back on the markets till end of the day?  And, what would be an average stop that swing traders use--3% off entry, 5% off entry, or just impossible to say?  Thanks.

Enlightening and Disillusioning

Setting stops

Posted by bobkatg on 18th of Nov 2009 at 11:16 am

Thanks to all.  I have a job I mostly do at home.  I have to admit that I've allowed the markets to take time away from my job--not disastrously yet but it's time to switch my attention back fully to work.  So I really need a way to set stops and not worry about being robbed by market manipulators.  Best idea I heard so far, I think, is to set the stops really wide.  I'm guessing this would prevent manipulators from grabbing them.  Meanwhile I could keep mental stops that are tighter.  Then I could check in with the markets, say, every two hours, and see if my mental stops have been hit.  It will take self-discipline not to sneak a peek every 10 minutes!

Thanks for responding.  Do you

Setting stops

Posted by bobkatg on 18th of Nov 2009 at 10:57 am

Thanks for responding.  Do you mean just keep them in my head?  Then keep an eye on the price all day?

Setting stops

Posted by bobkatg on 18th of Nov 2009 at 10:52 am

I have a gift for setting stops at just the point where my long pick backs up and reaches its low of the day.  Like XME today.  Stop set at 49.85.  XME first went up, giving a gain, then went down to 49.76, triggering my stop for a loss, and since has gone back up for what would have been a gain so far.  I don't have enough experience to draw on to be able to make a rule of thumb for myself in terms of setting stops at a given percentage below entry (for longs).  Could anyone suggest a general guideline, even if every situation is unique?  Thanks.

I second that.  Great help,

SPX 15

Posted by bobkatg on 13th of Nov 2009 at 03:10 pm

I second that.  Great help, Steve!

I watch the dollar index at Bloomberg.  I think it's 15 minutes or so behind, but better than nothing:

http://www.bloomberg.com/apps/quote?ticker=DXY%3AIND

I think the point was not where is the chart, but where is your comment about the historic fact that Price touched this huge declining trendline.  At least that's my question.  Wouldn't this be a gigantic indicator compared to all the others we wrestle with?  And how does this touch on the linear scale compare to where SPX is currently on the log scale?  Thanks.

Me too...exactly.

Is it me....

Posted by bobkatg on 11th of Nov 2009 at 11:39 pm

Me too...exactly.

Okay I see your later

Matt/Steve

Posted by bobkatg on 11th of Nov 2009 at 09:59 am

Okay I see your later post.  Thanks.

Gap indicator

Matt/Steve

Posted by bobkatg on 11th of Nov 2009 at 09:58 am

Sorry, Matt, I'm not sure what you mean by not positive.  Do you mean the gap indicator is suggesting the market will continue up after the gap up?  I know you say don't bet the farm on it, but which direction is it suggesting?

 

Great job fixing the popup

Posted by bobkatg on 4th of Nov 2009 at 10:26 am

Great job fixing the popup so fast!

SPX 10min Stochastics has sharply

Posted by bobkatg on 30th of Oct 2009 at 02:13 pm

SPX 10min Stochastics has sharply turned up above 20.  This is on the dynamic link for nonStockChart subscribers.  Time to go long, stop shorts?  Thanks.

nvda?

Posted by bobkatg on 26th of Oct 2009 at 12:10 pm

NVDA still on for a short?

Beautiful music! Thanks.

AAPL Upd

Posted by bobkatg on 21st of Oct 2009 at 03:08 pm

Beautiful music! Thanks.

Buy CENX

Posted by bobkatg on 20th of Oct 2009 at 11:10 am

I've lost on CENX since it broke out.  Is it a new buy since it's dropped below its breakout price? Thanks.

Social Security

Posted by bobkatg on 15th of Oct 2009 at 11:03 am

Headlines in many reports today were misleading.

Cost of Living went down last year, so of course there is no increase in Social Security this year!  Logically, there should be a decrease, to stay proportionate to cost-of-living decrease.  But SS will not do that.  It will stay the same.  So SS recipients will be doing better than just getting the usual cost-of-living adjustment.  They will be receiving morethan what a cost-of-living adjustment would have been.

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