Kevin_in_GA
4,599 posts
msg #83094
- Ignore Kevin_in_GA |
11/15/2009 11:07:12 AM
Here are two quick charts that might be of interest:
^SPX with Bollinger Bands and Stochastics
^VIX with Bollinger Bands and Stochastics
Note that these stochastics settings do a pretty good job of catching the highs and lows. Also indicates that we are probably in for a reversal and downturn in the SPX this week (unless the dollar totally craps out).
Kevin
(posted this in the VIX Volatility Thread as well, but wanted to add it as a thread here to get a wider view and feedback).
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BarTune1
441 posts
msg #83095
- Ignore BarTune1 |
11/15/2009 11:13:53 AM
Wow Kevin, I have looked at alot of charts and I sure like this one .... looks very promising ....
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Kevin_in_GA
4,599 posts
msg #83096
- Ignore Kevin_in_GA
modified |
11/15/2009 11:22:06 AM
Well, applying this same set of indicators to the $USD is also informative:
US Dollar with Bollinger Bands and Stochastics
Looks like we may have a dollar rebound? Fingers crossed for now.
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BarTune1
441 posts
msg #83104
- Ignore BarTune1 |
11/15/2009 6:01:41 PM
Thanks Kevin,
Been looking at charts this afternoon .... i have completely revamped my default graph settings for:
5dma
BB(9,2)
Stochastics(9,5,3)
RSI(2)
Thats about all I need to know - and the charts of what I hold or am short all look good right now. I also have a number of, what appears to be, good short candidates based on stochastics readings over 85.
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Kevin_in_GA
4,599 posts
msg #83106
- Ignore Kevin_in_GA |
11/15/2009 7:07:22 PM
I've noticed that for the Bollinger Bands, both the 9 day and 10 day settings give the same result. I have been going with 10 day as my default lately.
I like the combination of stochastics and Bollinger Bands. If you have not used this variant before try the following
draw Bollinger Oscillator(10,2) line at 90
draw Bollinger Oscillator(10,2) line at -90
This will convert the position of the close relative to the BBs into an oscillator (0 is the median line, 100 the upper BB, -100 the lower). Any time the close is within 10% of the distance to the BB, it might be a good signal in conjunction with the Stochastic(9,5,3) crossover.
Kevin
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BarTune1
441 posts
msg #83126
- Ignore BarTune1 |
11/15/2009 10:38:35 PM
Thanks Kevin .... good idea .... my standard screens included the B% and I always keep my eye on that statistic for >1 and <0 stocks. Now with the oscillator I can see it on my graphs. Pretty simple set up .... Stochastics, RSI2 and BB oscillator
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BarTune1
441 posts
msg #83128
- Ignore BarTune1 |
11/16/2009 8:25:10 AM
Looks like a rough start to the week for me .....
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Kevin_in_GA
4,599 posts
msg #83135
- Ignore Kevin_in_GA |
11/16/2009 10:55:46 AM
Me too. I just averaged in a little further when the DOW hit +130. Added another unit of each of the 4 3x bears I am in right now. With the added shares, I am still down about 3% on average.
Setting a stop loss at 7%. Will not average in any more this week (OpEx).
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BarTune1
441 posts
msg #83141
- Ignore BarTune1 |
11/16/2009 12:48:29 PM
I have added a number of short positions today near their highs ....
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trendscanner
265 posts
msg #83146
- Ignore trendscanner |
11/16/2009 3:20:07 PM
Bought SDS today around $35.7. May add more later this week depending how the market behaves.
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