Comments on: Friday’s Trading – 8/21/09

By: Mitch

Mitch — Fri, 21 Aug 2009 21:08:25 +0000

Yerk:

Why would a clone candle be helpful?

By: K

Fri, 21 Aug 2009 21:08:08 +0000

this is from Barry Ritholtz

A few things to note about this rally:

• The volume is absurdly light– even for August;

•Today is an expiration day, with the bias to the upside;

• Professionals are fully invested; Individuals are mostly under-invested;

• Markets are now 53% up from the March lows;

By: K

Fri, 21 Aug 2009 21:06:52 +0000

hilarious headline
http://danericselliottwaves.blogspot.com/2009/08/we-saved-world_21.html

By: admin

admin — Fri, 21 Aug 2009 20:47:06 +0000

Yerk,

See if your software has a “displace” feature. If so, you would be able to tell it to move the indicators forward x number of bars.

Matt

By: Yerk

Yerk — Fri, 21 Aug 2009 20:24:08 +0000

George, thanks. You know, it would be very helpful to see the readings for the next bar in advance. eg as if the current bar were to close now and the readings for the next one or two already displayed assuming price stays constant. I don’t know if any trading software supports this. One can do it in Excel on the daily but it is a pain.

7.5 billion got put into action by the Fed today… Have a great weekend!

By: George

George — Fri, 21 Aug 2009 20:04:39 +0000

Post a million and 1, I need to keep busy this weekend. Have a nice one.

By: George

George — Fri, 21 Aug 2009 20:04:06 +0000

Yerk,

Good call. This must be big bucks coming into the market to make it move relentlessly. Similar to the selling last year.

Almost all of my charts have been Miff’ed. Until the weekly begins to turn, this is assumed an up market. I’ll play it that way by holding longer on the underlying moves and shorter for the counters.

SPY 15min MACD never did cross up while the 5min got weaker and couldn’t push it up. Should be a slight pull back here before moving up again.

By: K

Fri, 21 Aug 2009 19:31:39 +0000

have a great weekend. (am sure i’ll be posting a million links)
Am off from work don;t want to see the fireworks today

By: Yerk

Yerk — Fri, 21 Aug 2009 19:30:04 +0000

George, my 1:36 did happen – when the 5 and the 15 reversed things got moving.
Dax closed at major resistance and so far is not moving up. opex games…

By: George

George — Fri, 21 Aug 2009 19:29:12 +0000

SPY weekly looks good. Bullish engulfing candle this week. It may be going up to fill that gap around $109.