Member Journals & Experiments Discuss Evil Trading in the Stock Market Discussions - Stock Dividend Stocks forums; I have shifted my focus to trading the Dow for safety. The Ultra Dow ETF's look good for some no brainier trades. The technicals have been some what reliable ...

Evil-Eye · #1 11-12-2008, 10:54 PM

I have shifted my focus to trading the Dow for safety. The Ultra Dow ETF's look good for some no brainier trades. The technicals have been some what reliable except after 1PM today or so. I am thinking that when the market comes back the focus will be more towards the larger stocks. I also think more money will be coming back from over seas and looking for a place to park. My short term thoughts are that the bad news will be followed by good news. The market may be pushed down some more but we should see a snap back rally sometime soon.

I have been watching QCOR and AFAM but I am not too interested in single stocks right now.

Weirdharold · #2 11-13-2008, 03:29 AM

Sure is good to see you back on the board.

Evil-Eye · #3 11-13-2008, 06:21 AM

Quote:

Originally Posted by Weirdharold

Sure is good to see you back on the board.

Thanks Harold. For some reason I do not think this is what my Psychiatrist had in mind as a therapeutic activity but it works for me. I hope to be around more also. My biggest problem was I did not have stops in place when they put me in the quite room. By the time they let me out my stuff was down, way down. Now, I have to work hard to bring it back.

**BadThad** · #4 11-13-2008, 02:47 PM

Welcome back!

Sounds like you have a good plan. Don't feel bad, everyones stuff is way down....we're all feeling the pain.

Evil-Eye · #5 11-13-2008, 03:25 PM

Hopefully we have seen the blow out bottom today.

Evil-Eye · #6 11-13-2008, 07:54 PM

DDM had a nice little run after 1 pm today.

12+% from Open to Close but more like 18% if you caught it after the lunch hour was over.

I think this has been my safest best trade this year. It made a lower low so I still believe we are in a down trend. I am going to look at DXD when this turns again.

Too bad I don't know anything about options.

Evil-Eye · #7 11-13-2008, 09:58 PM

Quote:

Originally Posted by BadThad

Welcome back!

Sounds like you have a good plan. Don't feel bad, everyones stuff is way down....we're all feeling the pain.

Thanks BT.

Evil-Eye · #8 11-14-2008, 05:30 PM

Blew out of DDM with Bracketed order but jumped into DXD with brackets. Entry was not the best and got busted out on a pull back. I had the trailer to close. Lost a small amount on it. If I had not had the trailer so close I could have made a halfway decent trade. Next time I will leave a little more room. My target was eventually met so my idea was correct but the execution was sloppy.

Evil-Eye · #9 11-16-2008, 08:33 AM

I am mostly in cash now. I am thinking of setting a limit to buy down towards the bottom price range of DDM.

I like listening to this guy

YouTube - Stock Market Technical Analysis 11/14/08

Others from stockcharts that have some good general info.

Public Chart Lists - StockCharts.com

Public Chart Lists - StockCharts.com[s57481402]&disp=O

Evil-Eye · #10 11-17-2008, 07:05 PM

Well, I have a one triggers all on DDM set down near it's all time low. It has a little more to go to get there so we shall see.

I think they call that some kind of window in Japanese Candlesticks. My Steve Nison video's have not arrived yet so I can't tell you just yet. I call it a gap down.

Now I was looking for something to do while I was testing my crisis plan. I was calling my mental health professional who told me to call if I were in crisis. I got his voice mail instead. I am glad that wasn't am actual emergency. This is what I came across this:

FAS

The Direxion Financial Bull 3X - Triple-Leveraged ETF is designed to yield investment results approximately equivalent to triple (300%) the return of an investment in the Russell 1000 Financials Index, which tracks financial-related securities in the Russell 1000 Index. For example, if the underlying index gains 1%, this fund should gain approximately 3%.

Holly smoke, I must have died and gone to heaven. This thing is brand new. At first look I thought this was a loser's bet.

Then I broke it down a little. It looks a little better.

This doesn't look too bad.

Look at that volume end of day. Wow, it looked like a nice blow off bottom except for it was the end of day so I will have to wait and see. This seems to be a good swing setup.

If anyone would like to add an observations please feel free to make them.