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Ok, Thanks!

DOCU follow up

Posted by rfmathis on 29th of Jul 2020 at 06:03 pm

Ok, Thanks!

Matt -- On a previous

DOCU follow up

Posted by rfmathis on 29th of Jul 2020 at 05:47 pm

Matt -- On a previous post, today, you said you don't necessarily play a "breakout".  Is a breakout "pattern" a near horizonal line of support/resistance; or do you consider coils, wedges, etc., a "breakout" as it relates to you waiting for a retest before playing?

Great work, Jason!  Lots of work went into this.  Appreciate your sharing!

Really great info Matt.  It helped me define the chart timeframes I should be looking at for swings, AND the patterns to play.  Thanks!

There is always an inclination

Posted by rfmathis on 11th of Jun 2020 at 06:47 pm

There is always an inclination to try to match today, against what happened in the past; and this is a credible way of predicting the future.  However, sometimes there are significant changes from the past to the future.  In 1930, there was no Fed, and you could exchange fiat for gold.  Then, fiat was tied to gold, then fiat was disconnected from gold.  The Fed, was always hesitant about injecting liquidity (printing money), but in the last 30 years has gradually increased its timing and magnitude of injecting liquidity; to the point, we have no idea as to how this latest round will impact the future.  As you can see, in the chart, below, the injection of cash for the 2007-2009 Bear market was much quicker and stronger than their action in 2002 and 1990,   ..... and we recovered nicely from that.  So, their thought is, let's increase it faster and stronger than last time.  Will we recover as nicely as we did in 2009; or is THIS time different?

About 10 points below the

Posted by rfmathis on 11th of Jun 2020 at 02:50 pm

About 10 points below the 3030.  I guess it is time to go to cash in 401K's..........

120 min 60 STO =

Posted by rfmathis on 11th of Jun 2020 at 01:01 pm

120 min 60 STO = 48.91

Matt, maybe I am missing

Example of a long setup tonight

Posted by rfmathis on 10th of Jun 2020 at 11:50 am

Matt, maybe I am missing something.  I have often seen the start/end Bull/Bear Cycles on some of your charts; but, I don't see any of these as overlays in Stockcharts; or, any discussion in BPT Education section.  Are these custom?

For the "big picture view" (since you mentioned your children and grandchildren), I suggest reading "The Changing World Order" by Ray Dalio.  Read Chapter One, which gives you the overview, but all of his work is extremely insightful.  You can find this on LinkedIn.

Matt--I am amazed as to

Posted by rfmathis on 26th of May 2020 at 04:59 pm

Matt--I am amazed as to the accuracy of your forecast in your newsletter mid-day yesterday.  You said the S&P would go to the 3000 target, and the 200 day MA was a magnet.  You also said that you expected/hoped for a "pinocchio" above the 200 day MA.  I don't know how much more accurate you could have been!  Now we will see if the market is ready to head downwards........

I took some this morning, with a stop back inside the wedge.  Given the more "macro" forecast for next week, I was planning to take a position today, in any case.  Thanks to you both for pointing out this swing idea.

Matt -- Assume no "second

Posted by rfmathis on 30th of Apr 2020 at 03:54 pm

Matt -- Assume no "second entry SPY System short today, given we are 25 to 30 points down from yesterday's close on SPX?

Thanks for this educational video.  Really great stuff.  Not super-efficient with Stockcharts yet; but I am anxious to set this up and see how it works!

Excellent educational post/video.  Thanks!

I saw it was having

ZM just gave way.

Posted by rfmathis on 24th of Apr 2020 at 02:49 pm

I saw it was having quite a run up, and thought it was extended away from the 5 and 9.  It was also in a pennate; so, set up a bracket trade to sell when it broke the pennate and buy when it hit the 5 ma.  Just luck for my first day trade; but, technical analysis work!

ZM just gave way.

Posted by rfmathis on 24th of Apr 2020 at 02:18 pm

ZM just gave way.

I agree, it is hard

SPY systems update

Posted by rfmathis on 21st of Apr 2020 at 01:53 pm

I agree, it is hard to argue with the current process.  Too many open SPY System trades would be confusing; and, a lot of notifications coming out from Matt.

I would rather play the tradable ETF (SSO); or, would prefer to see the DVTS on the tradable SPY, rather than SPX (like the SPY System).

SPX just broke below the

Posted by rfmathis on 21st of Apr 2020 at 09:38 am

SPX just broke below the 120 minute DVTS

Thanks!

New DVTS on 120 min

Posted by rfmathis on 16th of Apr 2020 at 04:17 pm

Thanks!

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