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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Clappy who wrote (63087)	12/31/2005 12:25:19 PM
From: RR	Read Replies (4) \| Respond to of 65232

Clappy, looks like you could have pulled 2-3 points on the SPX just on a day trade after my post yesterday, but I rarely do that. Just not enough time to watch it during the day. That's why I usually look a bit longer, 2 days to a week or so. That set up yesterday has proven to be a good example. Look at both charts. Compare the the various settings and you'll see how useful they can be for comparison and confirmation. In that case, while the blue line turned up and did cross the red, it turned back. Look at the chart with the stoch at 5,5,5 and MACD at 4,9,5. The Wms caught it first on that one. Both the 30 and 60 show it later turning back. Then check the second chart, with the stoch at 12,3,3 and MACH at 4,9,5 and take a good look at the 60. That one would have told me not to enter for a swing trade yet, to wait, because on the 60 it had not fully turned up yet. Consequently, if I had done anything, it would have been a day trade, using chart 1, and as soon as it indicated on the 30, confirmed on the 60, that it was turning back down, I would have exited and scalped my 3 points for the day. RR