Market Gems-Trading Strong Earnings Growth and Momentum 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 : Market Gems-Trading Strong Earnings Growth and Momentum

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: marilyn who wrote (1651)	1/13/2001 12:20:31 PM
From: Jenna	Read Replies (4) of 6445

Go Short, Traders! We speak a great deal about reversal periods for optimal trading profits. Changes in the reversal period should coincide with a corresponding change of the trade from the long to the short side or vice versa. That is the best way to profit from bottoms or tops of the intraday trend. You can profit daily on the long and on the short side. Why just close your position? Think why are you closing the position in the first place? Because the trend has changed, so just go with the new trend. The chart below depicts the CFLO chart as it fails to hold its 9:30 to 9:50 high and reverses at the line. Do you just give up and wait for another chance to go long? No you plot a course IMMEDIATELY ON THE SHORT SIDE with a probability of a hold either through 10:25 to 10:35 reversal period or (according to the S&P Futures and Nasdaq Futures & TICK & TRIN readings) whenever the downtrend ends. INTRADAY CHART FOR CFLO marketgems.com In this 5 minute chart of the Nasdaq 100 futures contracts you can easily see the reversal from a gap up and exhaustion move up until it reversals. At this point with confirmation from an oscillator (schocastics) and trend indicator (DMI Directional movement indicator) you see a more substantial reinforcement of the trend change. Intraday Chart of the Nasdaq 100 Futures contracts marketgems.com marketgems.com Reverse! Close Position and set a buy stop above the area support level 2) above above a spike low 3)above the 20 period moving average CMRC was a short through the final drop from intraday support, dropping BELOW the 20 period moving average and final support (yellow line) but the reversal back up came about 1;30 towards the end of the doldrums and the beginning of the second most reversal period :the 2:00 reversal period. INTRADAY CHART FOR CMRC marketgems.com I this chart of OPWV below you can see a very strong gap up and break away beyond the 9:50 period as OPWV soars but every soaring (or falling) stock hits a spike high setting up new opportunities in the opposite direction. The ultimate end to this move, OPWV doubled in only 6 sessions. Look for "stop" signs like this for possibly closing your position and going short on a confirmation that this uptrend indeed has ended for now. In the chart that big range expansion bearish bar was the clincher. INTRADAY CHART FOR OPWV marketgems.com For the most part when the nq's and sp's continue to move high by 1:45 to 2:00 you might have a retest of the previous highs. See the chart of NUFO below, what you got was a complete breakdown and and failure of 20 period moving average to act as support. Anticipating an increase of volatility towards the 2:00 time period could have gotten you into a good shorting opportunity which lasted beyond the drop from the 200 period moving average. INTRADAY CHART FOR NUFO marketgems.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next