[gassah]

Added to the SDS position on the close of June 17th as it appeared the rally in the SP500 was ending.

The SP500 chart shows the rally into support on declining and low volume into the NR7 day (white bar). The down trend appeared strong because the last pivot low and down trend line could not be reached, because it stopped near the 50% retracement and because it rallied for only two days.

[gassah]

Closed the AUDUSD trade for a small loss on 6/19 as it rallied back too far. Haven't been able to get anything going in Forex-land for a couple of months now following an explosive start.

[gassah]

Closed the SDS position on 6/30 that was initiated on 6/6 and added to on 6/17 as the SP500 reached the 3rd STD MP target near the bottom of the range. The narrow spread/high volume on 6/27 (SP500) showed possible demand entering and I didn't give it any room in the target zone.

Took a long position in GG on 6/26 as GDX (gold miners) looked as though they were moving off the bottom of the range with the nice wide spread/heavy volume break of value and resistance lines. GG was chosen because it is the strongest in the group and was looking to break out.

[Tannism]

Originally Posted by gassah »

Pretty much. I'll take a look at intraday charts but over the last couple of years I've been shifting toward just using daily bars.

Any thoughts on the Force EOD?

[gassah]

Originally Posted by Tannism »

Any thoughts on the Force EOD?

There's a positive divergence but there hasn't been the large up move yet that accompanies bottoms.

nic

[Tannism]

Thanks for the chart. Is is the force EOD or intraday?

I know how "secrets" indicates to calculate force, but have been wondering for the longer term why EOD force would not work. (EOD data is so accessible).

[gassah]

Originally Posted by Tannism »

Thanks for the chart. Is is the force EOD or intraday?

I know how "secrets" indicates to calculate force, but have been wondering for the longer term why EOD force would not work. (EOD data is so accessible).

I haven't given it a try. The Force uses intraday swings so it multiplies the effects of volume shifts and would seem to be much more sensitive to turning points on the daily charts.

nic

[Gringo]

Hi,

I am looking at AAPL for a possible short when/if Market (QQQQ) or Nasdaq hit R and bounce downwards.

Weekly chart has clarified quite a lot of things about why the prices are bouncing here.

Daily is somewhat confusing for me. I see lower highs and drew a demand line as well. I am taking lower highs to be a sign of weakness and am perceiving (guessing) price to not reach the R around 98 area. This to me is implying that 90 - 98 range as the place to initiate shorts and more specifically 95 to be the point to look for as a daily box has resistance around there. 90 is the midpoint from the weekly chart and could provide resistance as well.

What is worrying for shorting is that there appears to be a potential climax (selling exhaustion perhaps) around 85 in Oct 08 and subsequent tests of that level have been on lower and lower volume. This may imply lack of selling pressure.

It is possible that AAPL or market or both may just keep going up but my aim is to to develop an understanding for self-sufficiency.

After writing all this down I am not even sure anymore if shorting is a good idea.


Please add your insight as to how to approach this.

Thank you.

Gringo