With all these oversold conditions, if we can't get a one or two
day rally, this could be a real mess. And testing the 200 day
on the SPX is not helpful. Anybody got a easy-to-understand-
bearish case chart for dummies like me?
I have used options but ATM or slightly in the money 2 months
out...but only after the first buy signal on the SPY system.
Concurrently I used SPY. I was very lucky on the 3rd and 4th
entry but I did not wait for a sell signal to dump the
options. When I made a considerable profit I counted my
blessings, sold out and let the SPY ride. I did pick up 20
contracts on the second sell signal Friday and will not hold them
long. I guess it is really up to your own comfort
level. So I use SPY primarily and "play with" options if
it looks very very promising on the second to fourth signal.
So far, so good, but again I stay within my own comfort zone.
Posted by Robert50 on 29th of Jul 2011 at 01:18 pm
It would be truly amazing if we got 4 entry points TWICE in one
year as that is rare. The 4th entry has never had a loss from
the data I have seen. Would love to be presented with that
one again!
Posted by Robert50 on 29th of Jul 2011 at 09:02 am
Talleyrand, it is "Short Term Trading Strategies That Work"
Available on Amazon.
Also get free download by googling Larry Connors RSI. Has
some free "special reports" on line by PDF.
When you backtest these during a major drown trend, you have to
obviously reverse it all and short. I did that from 2007-2009
and it works well using the 200 MA as a guide.
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VIX buy signal triggered today
VIX buy signal triggered today
Posted by Robert50 on 1st of Aug 2011 at 04:07 pm
Need confirmation of signal tomorrow with a lower VIX close. Would be real nice.
a little more upside and then (hopefully) a slide into the close.....
a little more upside and then (hopefully) a slide into the close.....
Posted by Robert50 on 1st of Aug 2011 at 02:19 pm
Dow ready to test 200 day. Let's not all run to the door at the same time....
Bearish Case
Posted by Robert50 on 1st of Aug 2011 at 12:05 pm
With all these oversold conditions, if we can't get a one or two day rally, this could be a real mess. And testing the 200 day on the SPX is not helpful. Anybody got a easy-to-understand- bearish case chart for dummies like me?
Multi Entry System 3rd Long entry
Multi Entry System 3rd Long entry
Posted by Robert50 on 1st of Aug 2011 at 11:04 am
Another chance to excel!
Vix Buy Signal - uh uh maybe...
Vix Buy Signal - uh uh maybe...
Posted by Robert50 on 1st of Aug 2011 at 11:03 am
Steve's Chart here: http://stockcharts.com/h-sc/ui?s=$VIX&p=D&yr=0&mn=10&dy=0&id=p83263584240&a=228313176&listNum=59
Vix Buy Signal - uh uh maybe...
Posted by Robert50 on 1st of Aug 2011 at 10:56 am
This from one of Steve's chart on a newsletter. Just shortened the language. Hope I got it right!
http://stockcharts.com/h-sc/ui?s=$VIX&p=D&yr=0&mn=10&dy=0&id=p76330250029&a=239937510
Spreadsheet Updated
Spreadsheet Updated
Posted by Robert50 on 1st of Aug 2011 at 06:29 am
I have used options but ATM or slightly in the money 2 months out...but only after the first buy signal on the SPY system. Concurrently I used SPY. I was very lucky on the 3rd and 4th entry but I did not wait for a sell signal to dump the options. When I made a considerable profit I counted my blessings, sold out and let the SPY ride. I did pick up 20 contracts on the second sell signal Friday and will not hold them long. I guess it is really up to your own comfort level. So I use SPY primarily and "play with" options if it looks very very promising on the second to fourth signal. So far, so good, but again I stay within my own comfort zone.
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&b=5&g=0&id=p72614592215&a=239611267
DEBT: DEAL OR NO DEAL
Posted by Robert50 on 31st of Jul 2011 at 10:26 am
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&b=5&g=0&id=p72614592215&a=239611267
Debt
DEBT: DEAL OR NO DEAL
Posted by Robert50 on 31st of Jul 2011 at 10:21 am
Roger that Tango, I am about 40% long as of Fri. Will get more if we have another down day.
DEBT: DEAL OR NO DEAL
Posted by Robert50 on 31st of Jul 2011 at 08:08 am
Predictions.
I don't think it'll go to 4 (probably just 1 ...
SPY Swing System Multi Entry #2
Posted by Robert50 on 31st of Jul 2011 at 07:49 am
If we got one more the odds would be fantastic...looking back at the charts by Matt and Tumbler. Need more fear! :)
VIX
Posted by Robert50 on 29th of Jul 2011 at 02:20 pm
SPY Swing System Multi Entry #2
SPY Swing System Multi Entry #2
Posted by Robert50 on 29th of Jul 2011 at 01:18 pm
It would be truly amazing if we got 4 entry points TWICE in one year as that is rare. The 4th entry has never had a loss from the data I have seen. Would love to be presented with that one again!
There are bright spots
SPY system long 7/28
Posted by Robert50 on 29th of Jul 2011 at 01:15 pm
Excellent, alot of indicators are really oversold. We need some more fear to make more money!
Connors High Probability Trading
Connors High Probability Trading
Posted by Robert50 on 29th of Jul 2011 at 09:52 am
Great stuff, thanks!
CNBC
Anyone watching CNBC?
Posted by Robert50 on 29th of Jul 2011 at 09:34 am
Cramer says buy deep in the money calls. Better do the opposite! :)
VIX spike
Posted by Robert50 on 29th of Jul 2011 at 09:33 am
INDU
INDU
Posted by Robert50 on 29th of Jul 2011 at 09:18 am
Well we can always buy SPY option spreads. :)
INDU
Posted by Robert50 on 29th of Jul 2011 at 09:08 am
Can the Dow test the 200 day MA? Doom and gloom from Cramer on CNBC right now.
Connor's Book
Connor's VIX System
Posted by Robert50 on 29th of Jul 2011 at 09:02 am
Talleyrand, it is "Short Term Trading Strategies That Work" Available on Amazon.
Also get free download by googling Larry Connors RSI. Has some free "special reports" on line by PDF.
When you backtest these during a major drown trend, you have to obviously reverse it all and short. I did that from 2007-2009 and it works well using the 200 MA as a guide.