gadawgsfan87
2 posts
msg #31786
- Ignore gadawgsfan87 |
4/18/2004 3:18:33 AM
Hi, I'm new to this site and forum and I was wondering what you guys think the best indicator is? I'm trying to make 10% a week on my money, any suggestions please? THanks
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chessnut1
58 posts
msg #31791
- Ignore chessnut1 |
4/18/2004 1:44:46 PM
If I were new and I posted your question, I would be forever grateful to the person who invited me to consider the filters and methods developed in the Stockfetcher group, otherwise known as the Muddy Method group.
Check out http://finance.groups.yahoo.com/group/stockfetcher
--BJ
P.S. I now expect you to be officially and forever grateful to me.
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wamphraywater
58 posts
msg #31794
- Ignore wamphraywater |
4/18/2004 10:26:25 PM
Hi Wallman,
In a post you made 4/12/04 you talked about "MOMO" can you tell me what that is....Thanks
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EWZuber
1,373 posts
msg #31795
- Ignore EWZuber |
4/19/2004 1:10:17 AM
TheRumpledOne
I don't believe you. Your intention wasn't to understand anything it was an attempt at ridicule. You asserted that with 20 round trip trades one should be able to build their portfolio by over 4000% ( from $5,500 to $226,296 ). That is so obviously disingenuous I can hardly believe that you are trying to deny it.
About a year ago you posted that you had over $20K in your trading account. According to your own statistics, you should have at an absolute minimum of $820,000 with 20 round trip trades. And more likely have made well more than 20 round trips.
Say you had only 40 RT trades in an entire year, that is not very many.
This should have netted you about $33 Mill.
I don't want to play your silly games, if you feel the need to ridicule or be have the 'best ever' do it with someone else that has more time to play.
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wallman
299 posts
msg #31796
- Ignore wallman |
4/19/2004 6:51:49 AM
Wamphraywater,what i was referring to in the 4-12 post,MOMO,is Momentum,stocks that are almost always news driven and in some caes just create a feeding frenzy for a day or two but that sometimes can just run insane,going 100% or much more in hours,you can find these stocks by just running a volume increase and/or price increase scan,also a scan for "top gainers" of the day will pick up many coming out of a tight like squeeze,ones i found for Monday to keep an eye on at open to see if they start to run again are ADBL BBII BRVO BYCC CYBS FIND IFUE IPYS MRY MYMX PRAN VCMP VION VSTI, imo this method can be risky and should only be used by experianced traders,once entered they must be watched constantly throughout the day,but with huge reward potential involved many times one can make a weeks profits in a few hours,one must just be really careful ....i took equal positions on 2 momo stocks friday,COPY in at .79 closed out at .73 for an 8% loss which is about as far as i let them go and IPYS entered at .885 sold at 1.07 for a 21% gain
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TheRumpledOne
6,529 posts
msg #31800
- Ignore TheRumpledOne |
4/19/2004 5:31:11 PM
Come on EWZuber.. this is not even close to what I posted
"You asserted that with 20 round trip trades one should be able to build their portfolio by over 4000% ( from $5,500 to $226,296 )."
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TheRumpledOne
6,529 posts
msg #31801
- Ignore TheRumpledOne |
4/19/2004 5:32:27 PM
EWZuber:
You read the chart wrong, after 40 round trips, not 20 ... if you make 10% each time.
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EWZuber
1,373 posts
msg #31805
- Ignore EWZuber |
4/20/2004 1:13:49 AM
That makes all the difference.
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EWZuber
1,373 posts
msg #31809
- Ignore EWZuber |
4/20/2004 12:48:44 PM
That would only be a mere 2000% then, much more reasonable. ( TIC )
ANCC is up around 70 ~ 75% today. This would seem to indicate that the Convergent Stochastic Theory in this case was a more accurate tool that Stan Weinsteins 30 Week MA.
I had suspected this would be the case but figured I would let the market decide.
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EWZuber
1,373 posts
msg #31813
- Ignore EWZuber |
4/21/2004 2:51:30 AM
Yesterday saw a huge jump in the balance of a screen that looks for stocks either crossing into accumulation or distribution on Weekly Charts. The balance tipped heavily towards stocks where the stochastic fast line crossed below the slow line indicating the start of a longer term distribution phase.
With the Daily Chart just starting an accumulation phase it looked like there would be small gains before both Daily and Weekly chart were in phase in distribution when we would likely see a huge drop in the NASDAQ. With the Monthly chart also in distribution this would fuel the drop in the market even more.
Now with Greenbomb announcing a coming increase in the prime rate we may see this Daily Chart accumulation phase severely muted.
The 10 Month MA was tested last month as support at 1896, and it seems likely it will occur again within the next few weeks. 10 MO. MA now @ 1932.
JMHO
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