1. Try clicking on the name of the most recent article in the column on the right. This will remove the "Archives" list.
2. Try right click on the chart itself and open it on a separate window.
I am sorry that I cannot always make the chart small enough to fit neatly on the left column. I want you to be able to see the details I want to point out.
I Hope this helps,
Juan
---------------------------------------
In this Clip, I am describing the long and short-term Elliott wave analysis on the S&P500 and how to use the knowledge of Elliott and traditional Technical analysis techniques to daytrade the S&P500.
http://www.pathometrix.com/Movies/Daytrade.mov
The trade discussed in this movie can be retrieved into Platinum (subscription required) by using this URL
http://tinyurl.com/fwaod
---------------
Update. I left the trade mid morning (Pacific time), when the market began to bounce. The Oscillators in the 60 min chart gave a buy signal. Here is the closed trade.
http://tinyurl.com/z88df
I could enter again, if the bounce fizzle. The SPX options seem quite suited for this type of trading. Low comissions, wide moves make a good formula for big profits. In less than a week I almost double my original investment.
The chart above shows several indicators that the strongest part of the decline is over (very short term), So I took profits quickly. Remember that this is a short term trade.
Both oscillators show me a possible reversal.
The "Head and shoulders" pattern was completed. Notice that the Fibonacci ratios coincide s with the "neck" and the top and bottoom.
The symetry of the two waves down from 1290 to 1236 appears to be an indication of a zigzag, and not an impulse wave, so we have a complete pattern. Again, very short term.
The Bollinger band or the 20 period moving average may be a possible entry point. I will await a sell signal.
Here are my confirmations from OX:
5 comments:
I have recently been considering the SPX index too.
Great trade. Did you actually trade it for real, as the positions and value of SPX dropped?
Just checking if this works.
Hi Mike, welcome to our blog. I hope you share a bit and learn a lot from the rest of us.
Fortitude: As usual, I am showing you what I do. I believe it would be disingenous for me to show you a trade I did not do. Of I want to show you something of interest that I am not doing myself, I's say "THIS IS A FICTITIOUS TRADE".
I closed my trade this morning (about 10am pacific). I will give you the details later. I won't rule out a reentry.
Juan
Juan:
That was a great presentation. I hope you are correct, I have a VIX fly that will do just awesome if what you are looking at happens. ( 1 week to go)
I also googled "PCCRC" and came up with Purdue Climate Change Research Center. - I am sure that is not what you are speaking of... HAHA
Juan,
I have found this site on the Blogger system. It makes reference to yours.
http://greeksman.blogspot.com/
Interesting that you closed out of the PCCRC trade on the SPX index. What was your exit criteria for this decision?
Post a Comment