Coolhand, I looked at the website with the Seven Sentinels system talked about on it and studied what he uses for signals. Seems as solid as any other "system". Do you know how long he has used this system and does he have any historical data to back up his system or has he done any backtesting? What are your gut feelings about it? Thanks.
-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com
-
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
div>
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!coolhand's Account Talk
- Thread starter coolhand
- Start date
coolhand
Well-known member
Other folks who have been watching Don post his system moves for some time put a fair amount of stock in it. It was recommended to me by other traders so I use it as part of my market assessment, but certainly not exclusively. From what I've seen the past year or so it's been pretty good. It's not designed for day trading, but for picking out longer term moves.
That helps me feel a little more confident about sticking around in stox than I might otherwise be when it's on a buy like now.
I've said this before, the market will turn before the "fundies" do. While it's too early to tell, it's possible the system is seeing some underlying action suggesting a turn. Whether it's strictly Intermediate Term or longer remains to be seen. I hope the current buy turns out to be a good one; volatility notwithstanding.I'm playin' for it. I'm feeling it. I'll be disappointed if I don't get it.
"What we've got here is a failure to communicate"
Got jury duty today.
Looking for a reversal around SPX 768. Doubt I'll be able to watch the markets much.
"Hang Em High" :toung:
robo
Well-known member
yeah, I get those gut feelings too and today was no exception. That's why I only pushed 15% more into stox.
Looking for more weakness tomorrow, but I'm afraid the bulls will decide to all pile in at the last hour of trading like they've done in the past. Especially if the follow-on weakness is significant like today.
Didn't expect to see this much selling so soon, but I did expect to see it at the beginning of the week. We'll see how it goes.
Seven Sentinels, Remain Solidly Up
I sense from comments and questions I read here that a number of traders at FF seem to think that the SS's flip wildly from one side to the other, getting whipsawed with every market whim. Just wanted to point out that yesterday's rout to the tune of over 80 SPX points and 660 DJ points to downside had no effect on the buy signal currently in place. By the close of that rout yesterday, 5 of 7 remained on buy side, and today all seven are right back on buy side.
I see the buy signal from last week as a significant one- indicating an IT advance is underway- scary pullbacks like yesterday's notwithstanding. I remain a buyer of weakness for reasons explained yesterday.
Just a point of order. Carry on. D
http://www.traders-talk.com/mb2/index.php?showtopic=98451
CountryBoy
Well-known member
Happy Birthday and many more.
CB
350zCommTech
Well-known member
Coolhand,
You're 51?
All this time I thought you were 29.
Happy B-day.
coolhand
Well-known member
Coolhand,
You're 51?
All this time I thought you were 29.
Happy B-day.
No, that's my wife.
350zCommTech
Well-known member
coolhand
Well-known member
Sentiment is pretty constructive right now for a significant rally at some point. The market needs to close above the 18 dma to have a chance to finally make the case for a bigger rally then we've seen.
I am not comfortable with either an all cash or stock position in the current trading environment. A significant upward move could prove to be lasting in large measure and leave a lot of bears in the dust. By the same token, another big leg down to a lower low would crush the bulls. Both scenarios are supportable for different reasons.
I am still in the bullish camp on an Intermediate Term basis (2 months), but am holding 25% cash in the event we take another dive. Either way, I won't miss out on an opportunity.turbo23dog
Member
You buying into that prediction that a sig rally will kick off around the time of 15 Dec and could run through 1Q 2009?
coolhand
Well-known member
I am not looking at dates, but I am looking ahead knowing that I only have so many bullets at my disposal (2 trades a month). And I've already used one of those.
My indicators are saying we have a very real chance of a massive rally coming. Trying to pick a date for that is difficult at best. I know some types of market systems use dates as part of their predictive nature, but I don't follow those. In any event, I am hedged against another decline should a big rally be further away than some expect.Similar threads
- Article
