| StockFetcher Forums · Filter Exchange · Tails, ODRs & ROCdiv...OH MY !!! | << 1 ... 1 2 3 4 5 ... 52 >>Post Follow-up |
| richo 74 posts msg #81478 - Ignore richo |
10/21/2009 6:21:44 AM ALF, Yes I understand the difference and I was referring to the roc pivot @ 12.82. The low for the day was 13.22 on 10/19. It looked interesting because it was down for 5 consecutive days, the rsi was 1.48 and it had touched the lower bb. Do you give more weight to certain indicators on the index etfs or do you play them the same as individual stocks? One thing that is difficult is interpreting all the ind columns Rich |
| alf44 2,025 posts msg #81495 - Ignore alf44 modified |
10/21/2009 11:48:04 AM Rich, Ahhh...I see...sorry for the confusion wrt the "pivot" ! ----- you ask... Do you give more weight to certain indicators on the index etfs or do you play them the same as individual stocks ? I treat them ALL the same...there has to be consistency in your approach to trade selection and decision making ! ----- ...back to that NVDA trade and your reference to the "ROCpiv" column... What the rocpiv (ROC pivot) column shows is the closing price (tomorrow) that will either maintain the current direction of the ROC(2) indicator...OR...turn it in the other direction. That ROC pivot # is derived like this: ----- Day 1 = Today's Close Day 2 = Yesterday's Close Day 3 = Close 2 days ago ...so the ROC pivot # for tomorrow will be... Pivot = Day 1 (-) Day 3 (+) Day 2 ----- After you start watching these ROC pivots for a while, you can begin to get a "feel" for when the stock will really have to "reach" for that Pivot #...and by knowing when the momentum is likely to turn, you can "anticipate" the movement, up or down...FOR THE DAY ! It helps you establish a "trading bias" for which way the stock MIGHT move next. No long-term implications ! What the ROC(2) really is (aside from being a great short-term momentum indicator) is a proxy to gauge the "buy day", "sell day", "sell short day" rhythm that George Douglas Taylor wrote about many years ago. This is just a short-term indicator, used to try and determine 2 or 3 day market swings. As for the "roc^" column... What the roc^ column shows is how many consecutive days the ROC(2) has been moving either...UP (+ numbers)...or...DOWN (- numbers). When the 2 period ROC moves 2 or 3 days in one direction...you can begin to expect it to turn in the other direction. ----- So, with that background info... ...I look at those ROC pivots AND the number of days the ROC(2) has been either UP or DOWN...to give me a "trading bias" for how that stock MIGHT move tomorrow. Just another piece of the puzzle ! Regards, alf44 |
| johnpaulca 12,036 posts msg #81497 - Ignore johnpaulca |
10/21/2009 1:04:32 PM GRMN....caught this shark today....thanks ALF. |
| alf44 2,025 posts msg #81501 - Ignore alf44 modified |
10/21/2009 1:40:28 PM
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| johnpaulca 12,036 posts msg #81502 - Ignore johnpaulca |
10/21/2009 1:42:44 PM LOL!!! |
| alf44 2,025 posts msg #81520 - Ignore alf44 modified |
10/21/2009 9:32:17 PM ...just an FYI... ...the QQQQs printed a Top Tail, an ODR and ROCdiv today...add to that a 20 day high...then a Close at the 11% day position ! The SPY similarly printed an ODR and ROCdiv and also made a 20 day high...then a Close at the 4% day position ! Expectedly...ditto the above for QLD, SSO & DDM (leveraged Bull ETFs for the 3 Major Indexes) !!! fwiw ----- The ingredients are in place for a bit of a pullback here !!! imo Just sayin' !!! |
| richo 74 posts msg #81535 - Ignore richo |
10/22/2009 6:53:07 AM Alf, Thanks for the clarification. Is the day position simply a function of where it closed in the day range? Thanks Rich |
| alf44 2,025 posts msg #81537 - Ignore alf44 |
10/22/2009 7:59:11 AM Rich, Yes... ...0% day position would be the exact LOW of the day... ...50% day position would be the exact middle of the day's range... ...100% day position would be the exact HIGH of the day... ----- Day Position info is in the "dp" column of the filter. fwiw Regards, alf44 |
| alf44 2,025 posts msg #81574 - Ignore alf44 modified |
10/22/2009 9:46:29 PM
Like Jason...this Market...WILL NOT DIE ... BOOO !!! --- After topping patterns yesterday...a late day sell-off...and some downside follow thru this morning ... ...I sat here today and witnessed a slightly unexpected ...IT'S ALIVE ...turnaround ...that held up through the Close !!! SHEEESH !!! Tonight I sit here looking at "bottom patterns" everywhere ...where 24 hours ago there were "top patterns" ...uhhh...everywhere !!! Jason Indeed !!! --- Still not convinced though...that YESTERDAY'S ACTION ... didn't mark a short-term pivot HIGH ! We shall see ! |
| alf44 2,025 posts msg #81766 - Ignore alf44 modified |
10/26/2009 12:33:27 PM "Still not convinced though...that YESTERDAY'S ACTION ... didn't mark a short-term pivot HIGH ! We shall see ! " ----- Uhhhhh...YES...we shall !!! |
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