You asked how I decide to sell. First thing is you have to not listen to me. I am just throwing things out. I will say that I am better at knowing what should be done than doing it. Once you get Pro set up you will want to look at the weekly chart of INTC as the trend chart. George’s 36MA works real well. If price on the weekly is above it and it is moving up, it gives you more confidence in buying a daily chart dip. Not a drop of one day, but a good pullback.

I get ansty when the Fast STO gets up over 80 on the daily. Thing is though real strong trends develop when it is up there. Once Slow STO gets over 80 I am really antsy. I also look at what is ahead as resistance. For instance the major moving averages like Georges 36MA. Since I like to sell ITM call options, I can sell at some of these resistance areas. If it pulls back but looks like it is going to turn back up, I might buy the call back and let it go again. There is no science here on my part, because it all blows up at times. A Fast STO crossing down the Slow STO is sure a warning sign. You will just have to stare at a lot of charts until you see what your plan will be. If you are stupid like me you will see your plan, but not do it a lot of times.

The DM indicator is real handy for me. There are systems based just on it alone. A cross up of +DI over -DI should be confirmed according to those systems. By that I mean the high of the bar during the crossing needs to be exceed on subsequent bars.

Good luck, and remember take everything I say with a shaker of salt, not a grain

String

That’s FUNNY!

You gave him flowers and he provides the fertilizer. My, you ARE efficient. That’s the first Organic Skunk I’ve seen.

Well done!

I went heavy this AM on SRS but sold out when it reversed. Then I got UYG for an intraday swing. I didn’t think SRS was going to reverse but I thought it would at least make a try.

Some of the inverse is beginning to show signs of digging out. How far, I don’t know.

Looking at the indexes’ long-range charts, they have the ‘makings’ of a continued rally with the requisite dip here and there.

SPY price filled the MOO gap and is now resting on top. While this latest move has gone on quite a while, that doesn’t mean anything. I recall this type of action years ago and thought it would never end.

http://i39.tinypic.com/2euisrd.jpg

Here’s my chart of SDS. It looks like it is ‘building a bottom’, i.e., consolidating. This could fail, but with all of the open gaps on SDS – and one is a daily – I believe it will fill those before any substantial move higher.

http://i40.tinypic.com/21eui6w.jpg

First, another topping action, then gap-fill down below, followed by a continued move up. Normally, I’d put a fundamental statement in here like: There’s just too much money coming into the market right now for it to let up barring any significant news. But I won’t this time because I don’t have a clue.

Technically speaking however, everyone says the market is ‘toppy’; I’d have to say ‘relative to what?’ Certainly isn’t toppy compared to last year.

The advantage of this type of move down on the inverse is its degree. Had it been wishy-washy and not well defined, that would be more of a trending action. Rather, the sharp move it has had is more reactionary. Those end up with reactions to the opposite direction.

That being said, Back in 2000-era, some of those moves up hung on for a longer than expected time.

I’ll follow the longer-term MACD and stochastic for direction and the weekly will need to perk up before I back up the truck.

The skunk I had is R.I.P. as of this morning! Picture of the services!

String

http://i42.tinypic.com/fvdbuq.jpg