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Strategies & Market Trends : P&S and STO Death Blow's

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To: Frank Pembleton who wrote (29991)5/25/2003 1:39:05 AM
From: Jeff  Read Replies (3) of 30712
 
frank...those first 100 posts where not for this thread but the link i posted to a different thread....<ggg>

The other day you mentioned something about the markets being North of the 9 day EMA...T/A doesn't have to be complicated to be effective.<smile>

if you liked that one....you must of liked this one also....

Message 18806507

thats what broke the back of my second retrace...i wasn't going to sit here and tell shorts what was going to happen to them like i said....but i thought it was pretty obvious what was going to happen when two solid ema's that held tops in breaks....at the time i believe they were at 1408 and 1415.....but nobody was talking about those and the bears on the threads just kept shorting after they broke up.....totally ignoring the obvious....that shows the lack of simple and basic t/a knowledge on these threads.....

since you referenced this old post....

Message 17493715

i agree stochastics can be useless....in overbought or oversold they tell you nothing as they can range there a long time.....and using 1 stoch indicator is absolutly useless....thats why i use "many" sto's as a "team"...that way what one sto doesn't tell you another sto can and likely will.......

thats like say a guy has one sto....and its riding up bullish heading to overbought....so he's loading up looking for a big run.....but a "different" sto is heading up but hitting the 50 and turning down for a death blow.....all of a sudden....that guy becomes a bagholder and doesn't know why....

or another perfect example of the need to use sto's as a team happened right here in november....the shorts only saw overbought...and even the bull guru's were running and looking down....but i put out the AV watch....and one by one all 3 of my short term sto's hit AV at "different" times which just kept the rally going to the shorts disbelief....that was the 3 sto bing bang boom.....what one sto wasn't showing....others were showing what was going on.....

and i do use other indicators like the ADX...PPO...CCI....MACD...StochRSI....RSI-5...for confirmation plus i actually use 8 different stochastics settings on my main chart along with ema's from 9 all the way to 300......along with simple moving averages.....

thats the good thing about stockcharts.com.....i put all these on 1 chart and see total market "depth" all at once....i also set up other charts with fewer indicators and bookmark them and can pull them up anytime i want....

if you have stockcharts subscription i will send you my main chart and show you how the 8 sto's are lined up right now.....i won't post that public.....

and if you don't have stockcharts....you won't be able to see my link....and that was a big problem here last year as i did all my work off stockcharts and many had no idea what was going on because they couldn't see my charts and settings....that was their loss....

as for this link you posted....

Message 17517258

this is happening right now with nasdaq crappers....and has been going on for months.....i said in november i was going to focus on this market this year because this is where the big money gains will be in this market........right now the VXN is doing just like nasdaq did...its retracing its "bubble" like chart....its been under long range death blows....and its showing the volatility is being drained to the point where this market will get very dull and sideways for sometime ahead....and that means very tough going for both bulls and bears because the gains will be small.....

you play the big cap stocks and they might go 10% up or down..big deal..boring.....

but....when the market gets like that....people look for "action"....they want chances at some "big gains" and some excitement.....

thats where the small crappers come into play.....thats where many bored traders head for action....and if you look at runs in stocks like ENMD...NERX....GNVC...ALTI...SONS..AKAM...PUMA...AMT...SBAC
AVII...CRIS...GENR.....the list goes on and on....NTES...SINA..REDF...PCNTF...HRCT...

in a bored or sideways market....money looks for and finds these type stocks.....

just on friday...one of my crappers CORV broke out on huge volume.....i don't know why...i don't care why...money found it and started chasing it.....now its in "play" so you play it......its really that simple....you can either watch paint dry....or go find where the money is looking for the big gains and play it.....

theres always crapper gems that could explode from the depths at anytime in a market like we are in now.....its very risky playing....but no risk...no reward in this market.....you have to go where the action is....or just sit and be safe and watch paint dry day after day.....even on down nasdaq days crappers can run.....

even if we did go up to 1700....thats only another 10-15%......but during that time....many crappers could be doing an easy 50% and more likely 100-400%.....theres proof of these type runs all over this market right now....so thats all fact....and people and money are chasing these now and will be playing them as long as this market stays like it is......

all you see on all these main threads are clone type people all using the same types t/a and all trying to daytrade long and short the same stocks......i always said...even last year....that these main threads are a great "fade" and thats why....too many all thinking the same way using all the same type t/a....

but theres a whole other market out there thats in play big time right now and will stay in play for sometime to come because its not "popular".....and t/a that works best...is t/a thats not seen on the "main" threads.....

i showed all my t/a on this thread over the last year...so i might as well post my crapper list i've been playing for the last few months since some might want to take a walk on the wild side if they get bored.....<ggg>

STOR..FNSR...AVNX....DIGL...TIWI...TELM...ALTI...SIRI.

ENMD...CORV...ROBV...TRPH...SMTR...CMGI...POSO...INAP.

ICGE...XYBR...BFUN...RBAK...LOUD...CKSW...ASTM...STEM..

EZEN..NVTL...RDRT...OPWV...BIOM...VERT...XEDA...AKLM..

CHTR...GIGM....PROX...EGLS....ONXS...PRSF....ITRA...

OPTV...GOAM....FONR...RSTN...AKAM..SONS...PUMA...DSLN.

TMTA...ARTG...MRVC...ANCC....UAXS...IIIM...ROHN...HMSL.

AVLN....NMEDE....OPLK...AEGN...ADSX...TGEN....EDIG...FNIX

XDSL....

heres some AMEX crap that has been hot......these are very dangerous like all crap...but traders have been jumping on them at times.....you just have to see it happen before others catch on........<ggg>

VRA...UAX...DIO...HEA...CIO...WBR...UDW...XWC...AAC..

KFL...PRL....ISO...LOR...AVR...WEL...

some gold crap...i'm not really playing gold...but heres some gold crap....

CALVF..MYNG...GPXM...GSS...DROOY...BGO....PMU..KRY...WHT

CAU...

for those that know the biggest rewards come with the biggest risk....the above list is some of the most played crappers out there......and many folks are aware of these already.....and when one gets hot....and gets on the CNBC ticker....watch out....they run fast......cause traders spot them and all jump in.....

thats the game thats being played right now......crappers running and some real huge runs can be had....and in the big market shorts getting slowly bled to death.....
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