MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 689.17

+0.2%

Dec 11 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Kevin Batey who wrote (24889)	9/4/1999 12:26:00 PM
From: James F. Hopkins	Read Replies (1) of 99985

Once I decided to play the XLF, I didn't take my eye off the ball, I get into it with three windows running one being my DVI , when I say I got in on the low of the day, I mean real close..actully I did get the exact low only one day, I get nervous when I get the exact low, as I've had them taken back even after a conformation. I stayed within 1/8 of the low, and Friday got within 1/32 .. One thing that helps is watching my broad DVI in a third window as all the indexes do seem to track sort of close. Also note I stepped into it as while my signals were good even Tuesday they were not strong. By Wed I had a 23-1/4 average cost..I doubled Thursday and got it down to 23-1/8th average. By then I was swinging with all I had in cash , and about ready to leverage and tried right at the close but was to slow. ----------- While I could see the bounce coming I could not and did not expect it to be that fast & hard. a 5% bounce in the XLF is most unusual so I didn't know what to make of that, and took my chips off the table, had it been less of a bounce I'd most likely let it run or even added to my bet. But 5.08% on the XLF in a day, hmmm that's so rare it blew my mind. Jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next