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Strategies & Market Trends : Charting & Technical Analysis for Stock Indexes -- Ignore unavailable to you. Want to Upgrade?

To: macavity who wrote (75)	11/21/2001 1:37:04 PM
From: chartwiznyc	Read Replies (1) \| Respond to of 211

Macavity, thanks for your message, but dont think I look at it only for short term, works equally as well on any time frame, What do for people i train is HIDE the time frame & symbol & price on the charts & let them see the patterns only !..........hiding the info you cannot tell a 5 min chart from daily........bars are bars..............but ya anything non confirmation is perfet on any time frame We just closed our shorts on QQQ on a price divergnce.... here is the chat.......anyway thanks for your support [13:11] <Chris_Terry> 13:11:05 Possible divergnce from QQQ to SPY/DIA>............ [13:11] <Chris_Terry> 13:11:45 SPY & DIA made new lows & QQQ did not... [13:11] <Chris_Terry> 13:11:49 close out your QQQ shorts [13:12] <Chris_Terry> 13:12:21 close out your QQQ shorts [13:19] <Chris_Terry> 13:19:13 ....thank god for price divergnces to signal exits for shorts............this time i am happy we where out minutes before a move [13:19] <Chris_Terry> 13:19:26 QQQ jumped up fast just now [13:20] <Chris_Terry> 13:20:55 Today, I am not looking for much action with a thinner market & holiday conditions......... [13:22] <Chris_Terry> 13:22:28 When we have no real instituional participation & also cannt expect real follow thru up or down [13:22] <Chris_Terry> 13:22:34 DIS if short close it out. [13:29] <Chris_Terry> 13:29:07 This week is non confirmation week.............seems at ALL turning points we are seeing these price divergences within the indexes left & right, learn this stuff gang......okay, we did not make any money on shorts on QQQ BUT the signal to get out was plain as day, divergnce to SPY & DIA is alert to exit a position...... [13:30] <Chris_Terry> 13:30:21 This is so importan to your trading, think of the amount of traders caught short still on that bear flag when spy & dia broke ?............you where not .......this is key & vital......i posted the article i gave last night & its important in range bounce markets to look for non confirmation of price [13:31] <Chris_Terry> 13:31:15 We did not go long, we did not expect a rally that we are having now , marrkets are forgiving & if it will trade higher, it will give us a entry