Comments on: Market up-trend in doubt; mainly in cash http://wishingwealthblog.com/2009/05/market-trend-in-doubt-mainly-in-cash/ A stock trading blog by Dr. Wish Fri, 30 Jul 2010 17:01:03 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Dr. Wish http://wishingwealthblog.com/2009/05/market-trend-in-doubt-mainly-in-cash/comment-page-1/#comment-721 Dr. Wish Tue, 19 May 2009 03:55:41 +0000 http://wishingwealthblog.com/?p=1743#comment-721 I have no idea of the correlation between IWP and the IBD mutual fund index. I have learned that as long as the IBD fund index is above its 50 day average I can make money going long growth stocks. Still, it is only one of the 6 indicators in the GMI. I have no idea of the correlation between IWP and the IBD mutual fund index. I have learned that as long as the IBD fund index is above its 50 day average I can make money going long growth stocks. Still, it is only one of the 6 indicators in the GMI.

]]> By: kc http://wishingwealthblog.com/2009/05/market-trend-in-doubt-mainly-in-cash/comment-page-1/#comment-720 kc Mon, 18 May 2009 21:55:33 +0000 http://wishingwealthblog.com/?p=1743#comment-720 Professor, How important is the IBD mutual fund index in your market index? Could the IWP ( iShares Russell Midcap Growth Idx) be substituted as a representative index for those of us without IBD access? Professor,
How important is the IBD mutual fund index in your market index? Could the IWP ( iShares Russell Midcap Growth Idx) be substituted as a representative index for those of us without IBD access?

]]> By: Dr. Wish http://wishingwealthblog.com/2009/05/market-trend-in-doubt-mainly-in-cash/comment-page-1/#comment-719 Dr. Wish Mon, 18 May 2009 16:17:42 +0000 http://wishingwealthblog.com/?p=1743#comment-719 1. I will get out of QLD and into QID if a down-trend develops. 2. I have manually back tested my strategies over the years. As a research analyst, I know how tempting it is to systematically test various strategies. But the pitfall is to become so engrossed in these sophisticated methods that one loses track of the primary goal of making $$$. I plan to post more tutorials in the future--thank you. 3.I intentionally put "GOLD" in caps to show I was not talking about the metal. Sorry for the ambiguity. 1. I will get out of QLD and into QID if a down-trend develops.
2. I have manually back tested my strategies over the years. As a research analyst, I know how tempting it is to systematically test various strategies. But the pitfall is to become so engrossed in these sophisticated methods that one loses track of the primary goal of making $$$. I plan to post more tutorials in the future–thank you.
3.I intentionally put “GOLD” in caps to show I was not talking about the metal. Sorry for the ambiguity.

]]> By: jeff99az http://wishingwealthblog.com/2009/05/market-trend-in-doubt-mainly-in-cash/comment-page-1/#comment-718 jeff99az Mon, 18 May 2009 15:53:48 +0000 http://wishingwealthblog.com/?p=1743#comment-718 you should clarify that when you say "GOLD closed at an all time high", you are talking about the company with they symbol GOLD ... and not the metal itself, which did not close at an all time high last week. GOLD (the metal) Spot price closed at 931.9 last week, below the 1033 it reached about 1 yr ago. Still GOLD, the metal, is in a long term uptrend, and likely to go higher. you should clarify that when you say “GOLD closed at an all time high”, you are talking about the company with they symbol GOLD … and not the metal itself, which did not close at an all time high last week. GOLD (the metal) Spot price closed at 931.9 last week, below the 1033 it reached about 1 yr ago. Still GOLD, the metal, is in a long term uptrend, and likely to go higher.

]]> By: Shawn http://wishingwealthblog.com/2009/05/market-trend-in-doubt-mainly-in-cash/comment-page-1/#comment-717 Shawn Mon, 18 May 2009 12:18:18 +0000 http://wishingwealthblog.com/?p=1743#comment-717 Hi Dr. Wish, do you use software to "back test" your trading strategies? Do you do that in your worden telechart software? Do you know of any other software that is good and inexpensive for this purpose? Also, one suggestion for future strategy posts is advice on how to manage one's position in a stock/ETF after deciding to buy it; for example, it would be useful to learn more on strategies for averaging up into a stock and selling the stock. It seems like what happens too often is I pyramid up, buying more stock as it rises, and then I end up being lightly invested during its rise (buying a little at a time) and heavily invested when it peaks and drops to my stop loss (after having purchased it over the past few months). Your strategy post on buying put options as insurance was interesting, and I'm interested in more strategy posts like that! Thanks. Hi Dr. Wish, do you use software to “back test” your trading strategies? Do you do that in your worden telechart software? Do you know of any other software that is good and inexpensive for this purpose?

Also, one suggestion for future strategy posts is advice on how to manage one’s position in a stock/ETF after deciding to buy it; for example, it would be useful to learn more on strategies for averaging up into a stock and selling the stock. It seems like what happens too often is I pyramid up, buying more stock as it rises, and then I end up being lightly invested during its rise (buying a little at a time) and heavily invested when it peaks and drops to my stop loss (after having purchased it over the past few months). Your strategy post on buying put options as insurance was interesting, and I’m interested in more strategy posts like that! Thanks.

]]> By: telzinga http://wishingwealthblog.com/2009/05/market-trend-in-doubt-mainly-in-cash/comment-page-1/#comment-716 telzinga Mon, 18 May 2009 03:16:13 +0000 http://wishingwealthblog.com/?p=1743#comment-716 Would you consider going short with some QID if we break support this week? Would you consider going short with some QID if we break support this week?

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