Thread: FUTURESTRADER'S account talk

DWCPF is currently below 8 day ema, 10:13 est, signaling a potential longer pullback. Confirmation would be two lower daily closes below 8 day ema. Same on the way up. 2 higher/lower closes above/below 8 day ema.

Accordingly, I put in my IFT to average down on stocks monday (I know, I know, it breaks one of the investing mistakes rule for the umpteenth time);

With another two down days - where's yours?

Originally Posted by amoeba

Accordingly, I put in my IFT to average down on stocks monday (I know, I know, it breaks one of the investing mistakes rule for the umpteenth time);

With another two down days - where's yours?

Amoeba...last friday saw s&p's first lower close below 8 ema so I had to hold, 5 plus years of historical trends show 2 days. It came back from 8 ema last thursday. S&p now showing 2 lower closes below 8 day ema as a probable confirmation longer term lower prices, based on past several years of trending. DWCPF closed higher today so not complete confirmation. I am leaning towards using the DWCPF only for this inidicator. EFA has had several lower closes below 8 ema.

where do you get the historical data/plots of the DWCPF? (they only show 5 days and no data on Yahoo Finance).

You could be right (that DWCPF is better index).....e.g., the likely 1,175 close in the SPY....is a tweener....I am thinking it will touch the 50 DMA (another 12-15 pts) at least before resuming trend (unless trend breaks). I would have liked to have seen that today; in the hopes of a second deadcat tomorrow...but didn't happen.

My guess is tomorrow is another downer. We'll see.

Originally Posted by amoeba

where do you get the historical data/plots of the DWCPF? (they only show 5 days and no data on Yahoo Finance).

You could be right (that DWCPF is better index).....e.g., the likely 1,175 close in the SPY....is a tweener....I am thinking it will touch the 50 DMA (another 12-15 pts) at least before resuming trend (unless trend breaks). I would have liked to have seen that today; in the hopes of a second deadcat tomorrow...but didn't happen.

My guess is tomorrow is another downer. We'll see.

http://www.marketwatch.com/investing...&optstyle=1013

i dont know if that will print out but it's Marketwatch.com. Prophet.net used to go back to the 1920s..the year..lol...but i think they sold out to Ameritrade.

http://bigcharts.marketwatch.com/int...=dwcpf&time=12 this one works

birthday_glitter_graphics_32.jpg

Happy Birthday Future-T!

on 5/21/10 - #36:

Originally Posted by grandma

Wow! [Saturday] already!!
Have a Beautiful Birthday day! -and Congrats to your mom!
Attachment 9458

Ahh ! a repeat performance !!

Happy Birthday FT!!! You can either consider me right on time this year, or a year late...............

HB FT are you still there?

FT, Happy Birthday. I almost missed the party.


5-balloons.gif

224989-Royalty-Free-RF-Clipart-Illustration-Of-A-Layered-Chocolate-Cake-With-White-Filling-And-F.jpg