Comments on: Longer term averages survive retest; Going long http://wishingwealthblog.com/2009/07/longer-term-averages-survive-retest-going-long/ 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: Bill http://wishingwealthblog.com/2009/07/longer-term-averages-survive-retest-going-long/comment-page-1/#comment-880 Bill Sun, 19 Jul 2009 20:42:40 +0000 http://wishingwealthblog.com/?p=1927#comment-880 Between July 13 and 15 you seem to have whipsawed in your market analysis . With Goldman STILL driving the volume on the NYSE - 40% of stocks mentioned in your piece . I would be very leery and extremely cautious . Would rather miss a move , especially in current economic environ , than risk losses due to RAMPANT and unchecked market manipulation by Banks that have received huge bailout monies , and reporting earnings off of that via cooked books . This is a fools market imho . Bill Between July 13 and 15 you seem to have whipsawed in your market analysis . With Goldman STILL driving the volume on the NYSE – 40% of stocks mentioned in your piece . I would be very leery and extremely cautious . Would rather miss a move , especially in current economic environ , than risk losses due to RAMPANT and unchecked market manipulation by Banks that have received huge bailout monies , and reporting earnings off of that via cooked books . This is a fools market imho .
Bill

]]> By: Dr. Wish http://wishingwealthblog.com/2009/07/longer-term-averages-survive-retest-going-long/comment-page-1/#comment-869 Dr. Wish Thu, 16 Jul 2009 13:50:25 +0000 http://wishingwealthblog.com/?p=1927#comment-869 I look at a several technical indicators, including MACD and stochastics. The biggest problem for my students is they buy stocks that are "extended" from support and then sell out when they fall back to support. The key for me is to buy a stock in an up-trend that has just bounced up off of support and to place an immediate stop loss order right below the low of the bounce. My preferred indicators for identifying support are the 30 day and 10 week simple moving averages. I use TC2007 to scan the market to find stocks that are bouncing off of these moving averages. In order to make a purchase the market indexes and the stock must be in a Stage 2 up-trend and the monthly chart should also show a confirmed up-trend.It is very important for me to review the daily, weekly and monthly charts. As to whether this is a bear market trap, time will tell. One can never know how long a trend will last. I look at a several technical indicators, including MACD and stochastics. The biggest problem for my students is they buy stocks that are “extended” from support and then sell out when they fall back to support. The key for me is to buy a stock in an up-trend that has just bounced up off of support and to place an immediate stop loss order right below the low of the bounce. My preferred indicators for identifying support are the 30 day and 10 week simple moving averages. I use TC2007 to scan the market to find stocks that are bouncing off of these moving averages. In order to make a purchase the market indexes and the stock must be in a Stage 2 up-trend and the monthly chart should also show a confirmed up-trend.It is very important for me to review the daily, weekly and monthly charts.

As to whether this is a bear market trap, time will tell. One can never know how long a trend will last.

]]> By: kc http://wishingwealthblog.com/2009/07/longer-term-averages-survive-retest-going-long/comment-page-1/#comment-868 kc Thu, 16 Jul 2009 11:55:40 +0000 http://wishingwealthblog.com/?p=1927#comment-868 Professor, are you at all concerned about a bear trap? This is options expiration week and usually not a good predictor of things to come. Professor, are you at all concerned about a bear trap? This is options expiration week and usually not a good predictor of things to come.

]]> By: Jason http://wishingwealthblog.com/2009/07/longer-term-averages-survive-retest-going-long/comment-page-1/#comment-867 Jason Thu, 16 Jul 2009 11:39:39 +0000 http://wishingwealthblog.com/?p=1927#comment-867 Wish, What are you using to time entries into individual stocks? the MACD? Stochastics? And are you waiting for pullbacks at least to the 10 week MA until you enter all your positions? I find that I'm buying a lot of my stocks (and options..) over extended Thanks Wish,

What are you using to time entries into individual stocks? the MACD? Stochastics? And are you waiting for pullbacks at least to the 10 week MA until you enter all your positions? I find that I’m buying a lot of my stocks (and options..) over extended

Thanks

]]>