Wt Indu Metals Discussion Threads

[edwood19] 09/6/2006 19:53

ok then Captain... look away now if you want a nice w.end

this is Dow as at close yesterday. I rekon that reversal yesterday on the line chart was dodgy but hey ho (see Kozel's post a while back about conspiracy theory)

[leeshindig] 09/6/2006 19:53

if anyone is stuck for a simple system to keep them on the right side of the action...look no further than the 40 MA on the 10 minute chart above bottom of header

buy or sell breaks of the first high or low after price crosses of the moving average...with a stop above or below the previous high/low to the entry..
trail your position moving stops just above each high or low it makes in the continuing trend.. or .. keep locking in profit when it moves the same distance as your original stop..

would have paid good dividends thhese last few weeks

for an extra filter add a macd with smooth setting and only buy if its above zero and sell if its below.. might stop some of the whipsaws...

[captain.] 09/6/2006 19:41

I`ve seen most scenario`s ed i can`t decide so i` m using an hedge for a core BP position

signing off

put the chart up anyway , gets the thread rolling

goodnight off for another tinny

[edwood19] 09/6/2006 19:38

lol Captain! there are lots of shockers for all the indices but I'm finding (edited) the P&F's are too slow moving - interesting to look at and good for a wind-up ;-] you've probably seen the Dow one on livecharts anyway which showed a couple of nice features - don't want to spoil your weekend Captain!

[captain.] 09/6/2006 19:32

Blimey! how could i leave ed out of that list the guy who gave me sleepless nights with his p+f charts

Course you can ed ... take it away mate

[edwood19] 09/6/2006 19:28

so can I put up a P&F sometimes too Captain?? :0) on second thoughts I'll not

a funny post on FTSE a couple back..

[captain.] 09/6/2006 19:25

Exactly lee

That`s why i brought it up , the whole boards divided into camps since the CA and Mad rift, no debate , discussion , views .It was a good thread and by the way so is your site , difficult to understand when you look at what`s going on in the REAL world why people get so involved.

Anyway here`s to a truce and the return of the old posters

CA , HP , Easytimes, Sea+sky , Joe Moon, Amarshak , spec , Kozel , tpb , yourself and all the others that gave this thread credabilty

Remember you`re a long time dead , give a rest and get on with it

[leeshindig] 09/6/2006 19:19

was just saying to joe on dax thread theres been some beautiful swinging moves on dow lately..

[leeshindig] 09/6/2006 19:14

or whats left of it

[leeshindig] 09/6/2006 19:14

this is the leeshindig thread!!

[captain.] 09/6/2006 19:12

Can we have the leeshindig thread back please

or the zulu thread , at least get in on the board for a bit of discussion.

Put issues to one side and get the debate going

[holts] 09/6/2006 10:16

or just been reading a suggestion that the sharp sell off and reversal yesterday could be the low based on the pattern of the last 4 year low.

[holts] 09/6/2006 08:06

if this is the start of a drive to a four year cycle low , we have a long way to go.

[kozel] 08/6/2006 23:40

Ok, thanks.

[wall2wall] 08/6/2006 23:39

I was refering to his, what looked like a, 5 wave move up prior to the May 10th top. waves 4 and 1 overlap. he also suggests we will now see a 5 wave up move, which I guess is possible as part of an A wave, but not likely to see it making 11,400+ as his chart seems to suggest.

[kozel] 08/6/2006 23:03

He wasn't far wrong though.

He wrote on the Tuesday that it should retrace back up to the 38.2%/neck line area, which he had at 11,092. On Wednesday it tried to get back up there, achieving 11,071. So he was only 20 or so points out.

He also said it should then test the 61.8% fib level, which he had as 10,736 & today, Thursday, It reached 10,758. So again he was only 20 or so points out.

I don't know a lot about EW, only the very basics, but it can't be that exact a science. To be 20 points out or thereabouts seems pretty good to me. Maybe this was supposed to happen over a longer timeframe?

[wall2wall] 08/6/2006 22:38

Steve, you need some lessons in Elliott by the look of that chart!

[tub of lard] 08/6/2006 20:56

all gone down the tube with ca.

[jack tile] 08/6/2006 20:19

Closed + 81.

'Where have all the traders gone' Long time ago.

[jack tile] 08/6/2006 18:55

Halalula, I,m long and in profit,

So far.

[tub of lard] 08/6/2006 13:45

POMONA, Calif. (AFX) - Keystone Automotive Industries Inc., a distributor of
unbranded auto parts, said Thursday that its fourth-quarter profit jumped 74
percent as same-store sales increased and revenue outpaced the cost of sales.