Now I realize that the move is nutty and emotional and news
driven, however I want to use it as an example:
on the strong move up to $100, the CCI indicator had negative
divergence. The 5 RSI clearly did not. This is why I
have the CCI on all my charts, because it will show divergence on
strong moves up or down, where even a fast 5 RSI or even a very
vast 2 RSI will not. That's why all the reversion to mean
stocks that are over extended and due for a pullback, I use the CCI
as it will have divergence on the plays that work out.
also funny, the 60 Length Stochastic had stopped right at
80%
hope you didn't chase it or shorted/sold, it's now given almost
all that gain back again. Again DRYS is for very experienced
day traders, too dangerous to hold overnight
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Now I realize that the
DRYS
Posted by matt on 17th of Nov 2016 at 11:00 am
Now I realize that the move is nutty and emotional and news driven, however I want to use it as an example:
on the strong move up to $100, the CCI indicator had negative divergence. The 5 RSI clearly did not. This is why I have the CCI on all my charts, because it will show divergence on strong moves up or down, where even a fast 5 RSI or even a very vast 2 RSI will not. That's why all the reversion to mean stocks that are over extended and due for a pullback, I use the CCI as it will have divergence on the plays that work out.
also funny, the 60 Length Stochastic had stopped right at 80%
Thanks, Matt.
Posted by RichieD on 17th of Nov 2016 at 03:46 pm
DRYS last trade $12.36; might be a complete round trip by the close.
Incredible.
definitely incredible, unreal moves
Posted by matt on 17th of Nov 2016 at 03:49 pm
definitely incredible, unreal moves
"Ship happens" - Tim Knight
Posted by a_l_ on 17th of Nov 2016 at 05:05 pm
"Ship happens" - Tim Knight
DRYS again
Posted by zubeldia on 18th of Nov 2016 at 10:23 am
Here we go... +97% today so far.
Let me take you to the racetrack instead...
Posted by RichieD on 18th of Nov 2016 at 01:35 pm
Used to play for a living. MUCH less volatility, and they don't stop the race (and not let you collect) when your horse is 5 in front.
hope you didn't chase it
Posted by matt on 18th of Nov 2016 at 12:11 pm
hope you didn't chase it or shorted/sold, it's now given almost all that gain back again. Again DRYS is for very experienced day traders, too dangerous to hold overnight