StockFetcher Forums · General Discussion · Mark Crisp<< >>Post Follow-up
karennma
8,057 posts
msg #56051
Ignore karennma
10/26/2007 9:31:33 AM

Hey Mark:
I just read your ad on crispstocks.com, which certainly makes a compelling case for just buying and "holding" momentum stocks.
There's no doubt that method works quite well, especially when you catch those stocks at the beginning of their rise.
I certainly wouldn't choose to sit at home all day trading stocks when I can simply buy and hold stocks like ISRG or FSLR cheap and hold them as they make their meteoric rise and I make millions.
Clearly, selling ISRG in September was a mistake.
But, how would I have KNOWN in September, that a month later it would be $100 higher?
I never should've sold CROX. I never should've sold RIMM or BIDU or FSLR or GOOG.
Heck! They're momentum stocks, right?
This market has no "top", right?
They're all going higher and higher ... $100 a month right?
Now, I ask you, how would I know that ahead of time?
Everytime the market "corrects", how do I know it's not a reversal?
How do YOU know?
At this point, should I just buy BIDU, CROX and ISRG and blindly assume, they're going to $600? I say "blindly", because obviously you see something that I don't.
I'd love to do that. I'd love to go the ice-skating rink every day during market hours knowing my momentum stocks are making me millions ... my trading account would be on "auto mega millions", like a slot machine in Las Vegas; just like 1999.
Should I assume the DOW is going to 30,000 in my lifetime, as James Glassman's book suggested 7 years ago.
If that's the case, I'll gladly do as your website suggests.
Less work for me, and I like that!





SAFeTRADE
644 posts
msg #56064
Ignore SAFeTRADE
modified
10/26/2007 5:15:39 PM

I am not Mark, but here are some long range tools I found that have helped me.

Fetcher[
apply to symlist(drys,gldn,fslr,bidu,drys)

draw rsi(14) on plot weekly rsi(14)
draw weekly rsi(2) on plot weekly rsi(5)
draw ma(20)
draw ma(50)
draw macd on plot weekly macd
draw slow stochastics(39,1)
set{m50, ma(50)}
set{m75, ma(75)}
draw m50 on plot m75
]



The cross of ma(50) and ma(75) would be a good place to start. Check with IBD or Zacks to see if any of these would be good candidates to buy long. Look at how the other indicators line up. Find something that works and believe in it.

welliott111
98 posts
msg #56075
Ignore welliott111
modified
10/27/2007 11:14:12 AM

Not Mark either,but here's a modified TRO "jumper" filter that might work well when stochrsi(8) bottoms out on both spy and stock


Fetcher[
set{jumper, count(day point range above 2%,30)}
set{ hiop, high minus open }

add column cma( average day range , 20 )
add column hiop

jumper above 25
volume above 2000000
60 day slope of the close is above .25
draw ind(spy,stochrsi(8))
not otcbb
]



These are kinda pricey,but should work on call option.

karennma
8,057 posts
msg #56076
Ignore karennma
10/27/2007 11:54:52 AM

Awesome!
Thanks guys.


TheRumpledOne
6,411 posts
msg #56079
Ignore TheRumpledOne
modified
10/27/2007 1:17:10 PM

Fetcher[
set{jumper, count(day point range above 2%,30)}
set{ hiop, high minus open }

add column cma( average day range , 20 )
add column hiop

jumper above 25
volume above 2000000
60 day slope of the close is above .25
draw ind(spy,stochrsi(8))
not otcbb

/* Run Forest Run Filter Display */

set{volcnt, count(volume above 1000000, 100) }
set{volzero, count(volume equal 0, 100) }

set{x1, high - open}
set{Long_Profit, x1/open }

set{C1A, count(Long_Profit > .04 , 100)}
set{C2A, count(Long_Profit > .09, 100)}
set{C0010, C1A - C2A}

set{D1A, count(Long_Profit > .09 , 100)}
set{D2A, count(Long_Profit > .19, 100)}
set{D1020, D1A - D2A}

set{E1A, count(Long_Profit > .19 , 100)}
set{E2A, count(Long_Profit > .29, 100)}
set{E2030, E1A - E2A}

set{F1A, count(Long_Profit > .29 , 100)}
set{F2A, count(Long_Profit > .39, 100)}
set{F3040, F1A - F2A}

set{G1A, count(Long_Profit > .39 , 100)}
set{G2A, count(Long_Profit > .49, 100)}
set{G4050, G1A - G2A}

set{H1A, count(Long_Profit > .49 , 100)}
set{H2A, count(Long_Profit > .99, 100)}
set{H50100, H1A - H2A}

set{I100, count(Long_Profit > .99 , 100)}

add column Long_Profit {ProfitPct}

and add column C0010 {4_9}
and add column D1020 {10_19}
and add column E2030 {20_29}
and add column F3040 {30_39}
and add column G4050 {40_49}
and add column H50100 {50_99}
and add column I100 {100}

and add column volcnt
and add column volzero

sort column 8 descending
]



Just added some display columns.


TheRumpledOne
6,411 posts
msg #56080
Ignore TheRumpledOne
10/27/2007 1:20:14 PM

Fetcher[
apply to symlist(drys,gldn,fslr,bidu,drys)

draw rsi(14) on plot weekly rsi(14)
draw weekly rsi(2) on plot weekly rsi(5)
draw ma(20)
draw ma(50)
draw macd on plot weekly macd
draw slow stochastics(39,1)
set{m50, ma(50)}
set{m75, ma(75)}
draw m50 on plot m75

/* Run Forest Run Filter Display */

set{volcnt, count(volume above 1000000, 100) }
set{volzero, count(volume equal 0, 100) }

set{x1, high - open}
set{Long_Profit, x1/open }

set{C1A, count(Long_Profit > .04 , 100)}
set{C2A, count(Long_Profit > .09, 100)}
set{C0010, C1A - C2A}

set{D1A, count(Long_Profit > .09 , 100)}
set{D2A, count(Long_Profit > .19, 100)}
set{D1020, D1A - D2A}

set{E1A, count(Long_Profit > .19 , 100)}
set{E2A, count(Long_Profit > .29, 100)}
set{E2030, E1A - E2A}

set{F1A, count(Long_Profit > .29 , 100)}
set{F2A, count(Long_Profit > .39, 100)}
set{F3040, F1A - F2A}

set{G1A, count(Long_Profit > .39 , 100)}
set{G2A, count(Long_Profit > .49, 100)}
set{G4050, G1A - G2A}

set{H1A, count(Long_Profit > .49 , 100)}
set{H2A, count(Long_Profit > .99, 100)}
set{H50100, H1A - H2A}

set{I100, count(Long_Profit > .99 , 100)}

add column Long_Profit {ProfitPct}

and add column C0010 {4_9}
and add column D1020 {10_19}
and add column E2030 {20_29}
and add column F3040 {30_39}
and add column G4050 {40_49}
and add column H50100 {50_99}
and add column I100 {100}

and add column volcnt
and add column volzero

sort column 8 descending
]




Just added some display columns.


SAFeTRADE
644 posts
msg #56106
Ignore SAFeTRADE
10/28/2007 10:39:49 AM

Thanks TRO. I added lines on the RSI(2), RSI(14) and the ADX. 75 on the Weekly RSI(2), 68 on the weekly RSI(14) and 20 on the ADX.

Fetcher[
apply to symlist(drys,gldn,fslr,bidu,drys)

draw rsi(14) on plot weekly rsi(14)
draw weekly rsi(2) on plot weekly rsi(5)
draw ma(20)
draw ma(50)
draw macd on plot weekly macd
draw slow stochastics(39,1)
set{m50, ma(50)}
set{m75, ma(75)}
set{75, 75}
set{68, 68}
set{20, 20}
draw 75 on plot weekly RSI(5)
draw 68 on plot weekly RSI(14)
draw 20 on plot adx
draw m50 on plot m75
]




markcrisp
187 posts
msg #56140
Ignore markcrisp
10/29/2007 10:00:44 AM

wow i am flattered....Hey shorties on BIDU, DRYS and CROX over the past 4 months...nice...real nice calls.

Good trading isn't all about T.A. and rules.....

CU


StockFetcher Forums · General Discussion · Mark Crisp<< >>Post Follow-up

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