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Pastimes : The Big Tex House of Coin -- Ignore unavailable to you. Want to Upgrade?

To: BigTex who wrote (17413)	3/13/2001 8:30:35 PM
From: Jeff	Read Replies (2) \| Respond to of 19297

i just tell it like it is bubba......roll yesterday i said in a post that a stoch 50 bounce on the spx 15 minute chart would be my buy signal to jump in long again......well that happened today...and thats why the market ran up towards the end...... heres how it happened.....i suggest everybody follow this method if you want to daytrade nasdaq stocks and be successful at it...... pull up interactive bigcharts...... bigcharts.com now write in SPX.....and put in 1-day.....5-minute......now this is your leading indicator time frame.....you will notice the two beautiful stoch 50 bounces near the end....that first bounce was a clue this market was going to run up...... now write in 5-day...15- minute.......now this will confirm longer term strength.....and you will notice that it bounced above the stoch 50......confriming more strength...... now write in 5-day...hourly......you will see it was rising with strength all day...... this was so easy...... you know the hourly is rising up.....strong you see the 5-minute bounce at 50......pure strength... you see the 15-minute bounce up above 50...... nothing but pure buy signals........ now i don't know if this is a dead cat bounce.....or the start of a run into the fed meeting.......but i will have my clue real soon......and it will be if that 5-day HOURLY chart does a stoch 50 bounce......that will lead to strength for 2 or 3-days out........ now the 5 and 15 minute will breakdown at some point tomorrow......like they do everyday.....no big deal......thats your shake outs and then runs again.....but that hourly is so key right now for the rest of the week...so watch it close......and if it starts getting close to that 50 line.......and you see the 5 and 15 minute charts doing stoch 50 bounces......that will be your signal that the hourly will then also do a stoch 50 and be strong right up to the fed meeting.......if you see that load up stocks bigtime..... you need to use all 3 timeframes as confirmation of each other.....its that simple....... and then just buy any stock that runs with the nasdaq......its automatic money......cause remember the SPX leads the market direction....... anyways when i saw that obvious buy signal...i loaded a few like QQQ...JNPR.....NTAP...... but i also went looking for a few cheapo's......like INKT for example.......and i was looking for candles that show a reversal using this chart that shows realtime candles all day long....... askresearch.com now you can see that nice little hammer......well after a downtrend...thats bullish......so i loaded some INKT at 6.30......roll! and i have more targets for tomorrow with hammers or doji stars......OPLK.....RDRT...CMGI...ICGE.....AETH.....TLAB.. HAND...SSTI......RMBS....tons more.....if any of these open above todays close and hold it.....the reversal is confirmed....and they will run if the market runs.....its that simple...... and everybody would be wise if they checked their stocks everyday to see the candle whether its bullish or bearish.....it could get you out before a big fall.....or let you hold for bigger gains long or short.....roll$$ so using the 3-timeframe charts of the SPX.....and the candle chart......you can play these crazy nasdaq stocks long and short all day everyday and have a very good idea where this market is going short term for some fast easy money...... now i don't know how long this upswing will last......but i believe we have more pain ahead and will head down yet again.....so i'm looking for some resistance points that may kill any rally......that way i can go short again for another ride down......heres a great chart that shows points we might stop at.....might take a while to load.....buts its a great chart..... clearstation.com this market has been tanking off double tops since last march.....so the obvious targets for another double top failure is 2285....or if it gets past that.....maybe 2574.....remember those areas.....if you watch them fail.....you could get short and likely ride the next wave down past this recent low.....and while others have yet more pain......you will rake in some easy coin......and if you are afraid to short individual stocks.....like i said many times.....short the QQQ.....nothing easier than that..... now this run could just die out tomorrow......or run up to the fed.....no matter.....always be ready to cut your losses fast......if you are not sure you got in at the right time...just get out and save your money.....theres thousands of other targets to go after cause everything is cheap.... and always look for candle reversals and know what will confirm them the next day.....