Wednesday, August 24, 2011

Quotes

One of the traps many people fall in to is that they become too bearish near bottom and are not mentally ready for start of new bull move. Some continue to short the market when it starts rallying. Some get so convinced of the bearish propaganda that they start believing market is going to go down a lot. That is why you need timing tools which will tell you when the trend has changed.
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Everyone was so excited about gold few days ago. Now see what happened. That is why think setup rather than hype. The setup idea that works in swing trading is to :
1 find stock with momentum
2 wait for it to pullback or go sideways
3 buy a b/o from that

That is your setup logic. If gold stock meet that then you buy. Don't buy based on someone predicting it will go up.
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Think setup not what people feel or say. Setups are:
1 breakouts
2 pullbacks
3 exhaustion
4 pivot


Bear Flag Scan - (XAVGC9C1) and (C1>C2) and (C2>C3)) or ((C>C1) and (C1>C2 or C2>C3 or C3>C4))) and (V
In stockcharts scan, the syntax for bear flag scan is as following:

[type = stock] and [country = us] and [daily sma(20,daily volume) > 40000] and [daily ema(9,daily close) < daily ema(20,daily close)] and [daily close < daily ema(20,daily close)] and [ [daily close > yesterday's daily close] and [yesterday's daily close > 2 days ago daily close] and [2 days ago daily close > 3 days ago daily close] or [[daily close > yesterday's daily close] and [ [yesterday's daily close > 2 days ago daily close] or [2 days ago daily close > 3 days ago daily close] or [3 days ago daily close > 4 days ago daily close] ]]] and [daily volume < yesterday's daily volume] and [yesterday's daily volume < 2 days ago daily volume] and [2 days ago daily volume < 3 days ago daily volume]

http://www.hardrightedge.com/tour/watch.htm

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