alf44
2,025 posts
msg #44212
- Ignore alf44 |
5/26/2006 11:20:53 AM
Hmmmm...
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WALLSTREETGENIUS
983 posts
msg #43918
- Ignore WALLSTREETGENIUS
modified |
5/26/2006 1:17:28 PM
- DELETED BY THEMIGHTYRIGGS HIMSELF -
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nikoschopen
2,824 posts
msg #44217
- Ignore nikoschopen |
5/26/2006 1:42:50 PM
Another episodic plot flushed down the drain without seeing the all too obvious an outcome. What a Pity, it was just getting interested!
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WALLSTREETGENIUS
983 posts
msg #44219
- Ignore WALLSTREETGENIUS
modified |
5/26/2006 2:13:00 PM
- DELETED BY THEMIGHTYRIGGS HIMSELF -
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WALLSTREETGENIUS
983 posts
msg #44218
- Ignore WALLSTREETGENIUS
modified |
5/26/2006 2:14:13 PM
- DELETED BY THEMIGHTYRIGGS HIMSELF -
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cello13
88 posts
msg #44224
- Ignore cello13 |
5/26/2006 3:08:13 PM
Hi Riggs
So if I understand you in the right way, I should sell my position (despite the loss), because RMBS will go down again. Would you turn the position and go short?
I had a look at the chart, 1 year, weekly measurement... Please take a look. What I see is an increasing DMA(28,-14), a bullish divergence in CCI and a close at EMA(39). Volume is increasing, while price is getting down and MACD is still trending down. Another thing is, that RMBS built a Doji, next week would tell me, if perhaps a morning doji star. This would mean, that I shouldn't sell and wait for higher prices...
What do you think about this constellation?
PS: My strategy is not daytrading... I look for investments about weeks or months...
Cheers and happy weekend
Cello
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nikoschopen
2,824 posts
msg #44225
- Ignore nikoschopen |
5/26/2006 3:25:04 PM
Cello,
Sorry for cutting in, but ure analysis is right. This is not the time to bail out of RMBS. On the contrary, I would step into buy.
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cello13
88 posts
msg #44226
- Ignore cello13 |
5/26/2006 3:46:00 PM
@Nikoshopen
Thx for your reply. I hope, that we're both right ;-) The problem in technical analysis is always, that you get your result, when it's too late. I worried myself today when watchting at LOGI (its ticker is LOGN on SWX... I selected a option LOGWA, with which I could have made around 70 %)...
Despite Riggs told, not to jump in LOGI, it had been a great trade... So, I learned another lesson: Discuss about trading, but decide yourself. And first thought normally is the right one..
Cheers and happy trading
Cello
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nikoschopen
2,824 posts
msg #44230
- Ignore nikoschopen |
5/26/2006 4:27:20 PM
Cello,
Over the years, I came to a conclusion that the best method of trading is abiding by the K.I.S.S principle, namely, Keep It Simple, Stupid. My old man used to say "it's better to concentrate on digging one well than to dwell on many useless wells". As such, stay focused on one area of discipline and master it.
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WALLSTREETGENIUS
983 posts
msg #44231
- Ignore WALLSTREETGENIUS
modified |
5/26/2006 4:46:09 PM
- DELETED BY THEMIGHTYRIGGS HIMSELF -
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