Archive for the ‘ Tutorial ’ Category

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Mar 15.10 / Dr. Wish
Jim Cramer on stop loss orders–terribly wrong again! KCI soars; How I trade the 3X ETF’s

I am dumbfounded!   I recently taped some of Cramer’s shows and reviewed Friday’s show this weekend.  At about 10 minutes into his show, Cramer responded to a caller who asked him about the use of stop loss orders.  Cramer ranted on about how he did not want his “home gamers” to put their orders on [...]


Feb 22.10 / Dr. Wish
How to use IBD 100 and New America stocks and TC2007 to find potential rocket stocks; Market rally begins

I am writing this post primarily to teach my students how I search for potential rocket stocks–stocks that have been launched and appear headed towards new peaks.  As I said in class this week, it makes the most sense to buy stocks that have the best fundamentals and technicals.  This strategy has been advocated both [...]


Feb 08.10 / Dr. Wish
More new lows than highs; T2108 and stochastic in oversold territory

For the first time since early November, there were more new lows than new highs in my universe of 4,000 stocks on Friday. Furthermore, the Worden T2108 indicator is getting near the level (below 20%) where declines sometimes end.  Friday was the 11th day of the current QQQQ short term down-trend.  We are either at [...]


Oct 26.09 / Dr. Wish
Exciting New Worden stock tool–volume buzz at FreeStockCharts.com

I recently attended a Worden seminar about their new software, StockFinder.com, which will eventually probably replace TC2007, my favorite analytic program.  While there, they talked about the  free software that they make available to everyone, Freestockcharts.com.  Freestockcharts.com is a platform that is very similar to their new StockFinder software, but it is free and  provides [...]


Oct 19.09 / Dr. Wish
Using Bollinger bands to avoid buying extended from support.

When I teach my class to honors students I find that the biggest mistake they make in trading is buying a stock when it is too extended from support.  They buy when it is extended and then sell as it falls back to support.  I did that a lot until I reviewed several losses and [...]


Jun 14.09 / Dr. Wish
How my General Market Indicator (GMI) and technical analysis kept me and my 401K out of the bear market

Many of you have requested that I post a chart showing the recent performance of the GMI over the past year.  The GMI, though not perfect, has successfully kept me on the right side of the market through the 2000-2002 and 2008 bear market declines.  I simply go to cash in my university pension and [...]


May 19.09 / Dr. Wish
New America stock ASIA breaks out and I automatically buy some

On May 10, I wrote: “So, stocks on the New America list often take off sometime after their story is published in IBD.  One recent addition to the New America list that looks promising technically to me if it can break $18.60, is ASIA. ”
After I wrote that post, I placed a  GTC (good til [...]


Apr 11.09 / Dr. Wish
The dirty little secret about the up-tick rule: rigging the market

The uptick rule is designed to prevent short sellers from jumping nonstop on a declining  stock and driving it to oblivion. It was implemented in 1938 in the aftermath of the the depression and the huge market declines.  Every bear market needs a scapegoat and the public loves to blame the villainous short-sellers for everything [...]


Mar 08.09 / Dr. Wish
How I use put options as investment insurance

There were 7 new highs and 1,221 new lows in my universe of 4,000 stocks on Friday.  The QQQQ completed the 14th day of its short term down-trend within a longer term down-trend. I heard on Fast Money that the AAII survey has the most bearish reading ever.  Furthermore, the momentum indicator in IBD for [...]




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