as214
184 posts
msg #47202
- Ignore as214 |
9/27/2006 7:52:41 PM
Check out this prediction from 9/9/06. While alot of the people who bash him mercilessly claimed the market was headed downward, Riggs' assessment came to fruition. Personally I think market forecasting is as zero-sum game, I look for individual stories. However, for you short-term black magicians RIggs was correct.
When will some of you ever learn to read charts? Did you NOT read my "HISTOGRAM MAGIC" thread? There will be no "sell off!" More than that....there is no indication that there will be.
Look at the SMA(20) along with DMA! The market is in the midst of riding a tidal wave just as I predicted a couple of months ago. The MACD is so far above the zero line, that not even Anna Nicole Smith could F**K this up!
Stay the course.....it will only get better!
- WALLSTREETGENIUS -
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TheRumpledOne
6,411 posts
msg #47203
- Ignore TheRumpledOne |
9/27/2006 8:06:20 PM
Look at a daily chart of the QQQQ using RSI(2).
On 7/21 see the positive divergence with 7/14?
On 9/7 see the positive divergence with 8/23?
It's so simple!
Riggs did make a nice call.
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traderblues
195 posts
msg #47205
- Ignore traderblues |
9/27/2006 8:33:12 PM
I'll check back 3 weeks from now. Not that I am doubting RIGGS's abilities. It's just that I have abandoned trying to predict. Design a system and trade it. If you start peering into the future and try to predict, your objectivity gets clouded. The market is drifting slowly upward, which is the perfect climate for RSI(2). Things are going well. If things turn, I switch to my short-selling sytem. If the market really picks up a good head of steam, my long-term trending stocks do well.
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maxreturn
745 posts
msg #47211
- Ignore maxreturn |
9/28/2006 8:41:16 AM
TRO...not to get picky but while there is a closing price divergence with RSI2 in July there is none in September. However, there are excellent buy points on the dips in August and September when RSI2 dipped below 30, macd was steadily rising and prices were making higher highs and lows above rising ema50 and ema20. Made some nice profits on those calls.
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TALL GUY
1 posts
msg #47218
- Ignore TALL GUY |
9/28/2006 7:50:20 PM
egos are such a wonderful thing...so when was the bottom...in hindsight we all see it...when is the TOP...that is what I want...so I can close positions...and book profits...until then, all paper profits...and paper is good for one thing only...reading or being used with the morning paper
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WALLSTREETGENIUS
983 posts
msg #47246
- Ignore WALLSTREETGENIUS
modified |
10/1/2006 2:02:43 AM
As214, thanks for recognizing that prediction, but everyone must be used to it by now. THEMIGHTYRIGGS is always right! If there's one thing I know....it's chart reading! How those two "morons" back there saw the market "falling", is way beyond me! One of them must have thought he was looking at the S&P 500, when he was really looking at (RMBS) ROFLMAO!!!
- WALLSTREETGENIUS -
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WALLSTREETGENIUS
983 posts
msg #47335
- Ignore WALLSTREETGENIUS |
10/5/2006 5:11:30 PM
THE S&P 500 NOW RESEMBLES THE "STAIRWAY TO HEAVEN!" YOU'RE ALL VERY WELCOME.....
- THEMIGHTYRIGGS -
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as214
184 posts
msg #47336
- Ignore as214
modified |
10/5/2006 8:49:53 PM
Riggs congratulations man. Did you see my TEX contrarian value play. Sept. 16 I bought almost a half million dollars worth of it at 41 and change, now it's above 48. I posted it live in this forum. Anyway wanted to thank you for DMA. About a week ago I was contemplating buying a gold play GG for it has been beaten down unjustly. EVERY MAJOR INDICATOR AND VOLUME pointed to a reverse of the downtrend. The only indicator that wasn't cooperating was DMA. DMA was still pointing downward so I held off. The next day saw a deadcat bounce followed by resumption of downtrend. My largest holding AET I bought at 32, now above 41. That's whats great about buying value, you never worry about what the market is doing thus your brain cells are free to make the best decisions possible on individual companies. As Mr. Buffett says " Don't worry about what the market is doing, it's irrelevant".
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markcrisp
187 posts
msg #47384
- Ignore markcrisp |
10/9/2006 9:06:44 AM
For the NASDAQ simply look at a weekly chart and 1-2-3's. Nothing else is needed when showing the current market trend.....I can't predict markets or stocks. I am not that good. But I can profit form what IS happenning.
Good luck.
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WALLSTREETGENIUS
983 posts
msg #47480
- Ignore WALLSTREETGENIUS |
10/15/2006 2:35:09 AM
I'll check back 3 weeks from now. Not that I am doubting RIGGS's abilities. It's just that I have abandoned trying to predict. Design a system and trade it. If you start peering into the future and try to predict, your objectivity gets clouded. The market is drifting slowly upward, which is the perfect climate for RSI(2). Things are going well. If things turn, I switch to my short-selling sytem. If the market really picks up a good head of steam, my long-term trending stocks do well.
_______________________________
Looks as though you missed the boat traderblues. Did you really think you needed to "check back in 3 weeks?" BTW, my "objectivity" NEVER got "clouded." lol....
- GENIUS -
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