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Strategies & Market Trends : Playing the QQQQ with Terry and friends.
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To: fiboman who wrote (194)5/20/2005 1:28:59 AM
From: fiboman  Read Replies (1) of 4814
 
ttrader.com

Here is an update of the TSI chart. If you take a close look at the TSI index, you can see that at the major reversals TSI leads the price. In this chart, this can be abseved at the high in the upper right hand corner and then at the reversal that started the presemt rally. I am waiting for the TSI to start moving down.

I mentioned before that the TSI is closely related to MACD, which has an open ended scale. I prefer that kind of indicator to the bounded variety, because of this characteristic feature of reverting to the 0-line while the price is still advancing/declining. That is always a heads up. A decisive 0-line crossing is eventually accompnied by a dramatic change in price.

I know my approach may look foreign. I suggest you watch it evolve before making any trading decisions based on what I have written. As with any method you have to make it your own first.

*************

I gravitated to this site because I want to trade the Rydex funds. I think I am ready to make the plunge. But trading with money is different from analysing chart patterns and indicator divergences.

I believe in the instant elimination of single stock risk by sticking to QQQQ, SPY and DIA and their corresponding Bull and Bear funds. The advantage of high liquidity and a narrow spread in the case of the ETFs.
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