WALLSTREETGENIUS
983 posts
msg #44219
- Ignore WALLSTREETGENIUS
modified |
5/26/2006 2:13:00 PM
- DELETED BY THEMIGHTYRIGGS HIMSELF -
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WALLSTREETGENIUS
983 posts
msg #44218
- Ignore WALLSTREETGENIUS
modified |
5/26/2006 2:14:13 PM
- DELETED BY THEMIGHTYRIGGS HIMSELF -
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cello13
88 posts
msg #44224
- Ignore cello13 |
5/26/2006 3:08:13 PM
Hi Riggs
So if I understand you in the right way, I should sell my position (despite the loss), because RMBS will go down again. Would you turn the position and go short?
I had a look at the chart, 1 year, weekly measurement... Please take a look. What I see is an increasing DMA(28,-14), a bullish divergence in CCI and a close at EMA(39). Volume is increasing, while price is getting down and MACD is still trending down. Another thing is, that RMBS built a Doji, next week would tell me, if perhaps a morning doji star. This would mean, that I shouldn't sell and wait for higher prices...
What do you think about this constellation?
PS: My strategy is not daytrading... I look for investments about weeks or months...
Cheers and happy weekend
Cello
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nikoschopen
2,824 posts
msg #44225
- Ignore nikoschopen |
5/26/2006 3:25:04 PM
Cello,
Sorry for cutting in, but ure analysis is right. This is not the time to bail out of RMBS. On the contrary, I would step into buy.
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cello13
88 posts
msg #44226
- Ignore cello13 |
5/26/2006 3:46:00 PM
@Nikoshopen
Thx for your reply. I hope, that we're both right ;-) The problem in technical analysis is always, that you get your result, when it's too late. I worried myself today when watchting at LOGI (its ticker is LOGN on SWX... I selected a option LOGWA, with which I could have made around 70 %)...
Despite Riggs told, not to jump in LOGI, it had been a great trade... So, I learned another lesson: Discuss about trading, but decide yourself. And first thought normally is the right one..
Cheers and happy trading
Cello
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nikoschopen
2,824 posts
msg #44230
- Ignore nikoschopen |
5/26/2006 4:27:20 PM
Cello,
Over the years, I came to a conclusion that the best method of trading is abiding by the K.I.S.S principle, namely, Keep It Simple, Stupid. My old man used to say "it's better to concentrate on digging one well than to dwell on many useless wells". As such, stay focused on one area of discipline and master it.
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WALLSTREETGENIUS
983 posts
msg #44231
- Ignore WALLSTREETGENIUS
modified |
5/26/2006 4:46:09 PM
- DELETED BY THEMIGHTYRIGGS HIMSELF -
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WALLSTREETGENIUS
983 posts
msg #44232
- Ignore WALLSTREETGENIUS
modified |
5/26/2006 5:10:07 PM
- DELETED BY THEMIGHTYRIGGS HIMSELF -
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cello13
88 posts
msg #44234
- Ignore cello13 |
5/26/2006 5:22:38 PM
Riggs
I have to think about, what you and Niko wrote. The same chart, one bull, one bear...
I asked myself, why you wrote, that I'm in profit and I saw, that you take the wrong month by accident. It was in April. Just went in, when Rmbs reached its top (intrady) at 46$... Do you know now, why I'm looking for a rush upwards? Because I'm in a huge loss (luckily, my position is only a small part of my assets..).
I still can't see, why you're telling me that RMBS will go down. Could you tell me your aspects, please? I only see a rising MACD-H, RSI & CCI are confirming the uptrend and fast MACD is trending upwards and should cross slow line next week. Only volume and DMA tell me to sell or staying outside the market. Today, RMBS built a Doji, if I'm right.
The longer I look, the more I think to see, that RMBS is building a flag as an 05/05/06...
Mmhh.. I will think about....
cheers & thx
Cello
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nikoschopen
2,824 posts
msg #44236
- Ignore nikoschopen |
5/26/2006 5:45:59 PM
Cello,
I have no desire to debate you on the issue of specific indicators because they're so subjective in nature, but I should mention in passing that on a weekly chart RMBS ended the week with a dragonfly doji formation on higher volume. This in itself is an indication that the bottom has been reached and an ensuing rally should manifest itself in the near term.
Just a point of clarification: In no uncertain terms am I challenging Riggs to win ure attention. I would rather have you disregard my suggestion altogether than to have you associate me as a "bull" in connection to Riggs.
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