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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Moominoid who wrote (63053)4/30/2005 6:21:31 AM
From: shades  Read Replies (1) of 74559
 
Hey MOO, I really appreciate you showing me this, I didn't even know about that - I am trying to learn so I am going to play devils advocate - looking at your chart - the slow sto % was very low from april to august 2004 - the price fell - now what if it stays low for a long time like it did april to august 2004? The index will fall a lot more no? That is why they say sell in may and go away right? In fact that chart shows buying in october and selling january would have been a winning strategy. And shorting april and covering in july would have made you a lot of money too - so here we are MOO - april - time to short - and cover middle july. No?

stockcharts.com[w,a]waclyyay[pb50!b200][vc60][iUb14!Lh14,3]&pref=G

Plugging your chart into spiraltrader gives some very interesting spirals. When you do your spiral click the july 04 low in your chart and the jan 05 high and it will show you something really neato!
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