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 689.23

0.0%

Jan 23 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: eichler who wrote (81109)	8/1/2001 4:56:30 PM
From: HairBall	Read Replies (1) of 99985

eichler: No offense intended with this post as I am aware you primarily trade the penny stocks where three or four cents can be a nice profit...<g> You said you were not trading the QQQ, but you are providing charts with five-minute trend lines using the COMPX as a proxy, suggesting breaks above or below would be signals to buy or sell, "trend is your friend" as it were...<g>. I highly recommend you trade this stuff "at least some" before presenting five-minute trend lines as buy sell triggers for the QQQ. Unless well adapt at making profits from three or four cent gains on a 43 dollar stock prior to paying commissions, I suggest trading five-minute trend lines as your primary day trading trigger for the QQQ (even using the NDX or COMPX as proxy) is not a good percentage bet especially during periods of price clustering when one might think it best to shift down to shorter time intervals. Take a look at your trend lines moved to the one-minute interval... My QChart "Intraday" QQQ (Nasdaq 100 Index Tracking Stock) 1-Min Semi-log Chart I added a couple of more trend lines to press the point. Yours are emboldened. My QChart QQQ Chart can be viewed at the link below. Click on Chart 7 lgscharts.homestead.com Regards, LG

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next