here's the 1-5 min charts, by the time I've captured and posted, the 1 min may have changed.
1-min on Q's negative
5-min Q'snegative
SPY 1 min slightly negative
5 years ago
Tuesday, September 21, 2010
Here are the current 1-5 min charts-you've seen the 10 min
13 comments:
the divergences are negative, but the price is going up!
Andrea,
Yeah, that seems to be a daily occurance! 3C says down, market goes up! 3C says gold and silver dow, and they've gone up. 3C says dollar accumulation, and it's gone down!
We need a credibility check and fast!
This is possible the momentum move we have been looking for. All those traders that jumped in on the FED news are starting to feel the pinch.
Jack,
Seriously, after a 800+ up move on the DOW in a few weeks. Do they really need to pump it up another 50-70 to be able to get momentum to the downside? Seems like serious over kill to me.
Andrea-that's the point of a divergence, it suggests selling into higher prices. If you think prices are going higher, you would be buying and holding, not selling
Mr. Pink, obviously some people find them helpful-here's an email-two actually I just received...
"As soon as you sent that I went long SPY and doing well, looks like
they will take it up setting up for a nice short.
Thanks,"
and
"Brandt,
Thanks for the Cramer update, I am out of my SPY longs good quick profit."
Both trades were based on the 3C divergence alert. There are over 70 different kinds of traders here, some find information valuable for different reasons.
Brandt,
Don't worry when we are back down below 10,000 on the DOW then you'll get a big kiss from me also ;-)
And i have been long on indices short term (mainly to offset/manage losses on my long term indices shorts!)
Pink, think of it like throwing gas on a fire that just doesn't want to go or the drama queen that stirs up the pot by spreading false rumors. It gets the whole thing started.
Mr. Pink, Andrea and Jack....You might want to print this out and put it right at your trading computer....Along with risk managment.
It is helpful to put all the known information on the table, and to determine which conclusions fit all the data and which do not. In this manner, you can eliminate most possibilities, and discover through the process of deduction which scenarios remain. Of course, you should have a detailed plan of action even if the least-likely scenarios actually develop. While you can never know what the future will bring, you can always be fully prepared as to how you will deal with any possible contingency.
At 2.15 P.M I was not in the market because you made two differents, and opposite, forecasts.
To be out was a good thing, not a bad! Your vision was not wrong!
QS
"Of course, you should have a detailed plan of action even if the least-likely scenarios actually develop. While you can never know what the future will bring, you can always be fully prepared as to how you will deal with any possible contingency."
Are you a professional trader?
QS...thanks for the encouragement. I wasn't so worried about my risk management as I was about my entry point(s). Much has been learned over the last 4 months I have been watching this board and this latest round has taught me a couple of things I should of caught on to prior. Better entry points will bring better profits. Plus I could of rode the wave up longer. I don't care if the market goes up or down...you can make money both ways.
Not a professional trader but a life long student of the market. I will try to share more as we go.
- Once you have a general plan, then you have to become specific and decide exactly which funds you will buy, and at what prices. You have to have a comprehensive strategy so that if any given fund or funds move up or down after you buy them, then you'll always know what your next move.
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