350zCommTech
TSP Legend
- Reaction score
- 71
Craig,
No offense taken.
It's cool...
350Z
No offense taken.

It's cool...
350Z
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Dan, can you provide the 20, 50, 200 and past year DMA for the stocks again?Um ... all of my data is back at the office, I'll have to wait until then. But I can only provide the 20 DMA. I could get the 50 and 200 DMA numbers but I don't normally keep track of those. For the past year .. sheesh ... I guess that would be a 250 DMA for us.
I recently bought a book on Chart Patterns, I hope it discusses the value of these relative DMAs. According to his book, RevShark uses a 50 MA but he was trading stocks real-time. We need to generate sell signals faster than that but that still take market volatility into account - hence the 20 DMA.
Dan
Dan, can you provide the 20, 50, 200 and past year DMA for the stocks again?Um ... all of my data is back at the office, I'll have to wait until then. But I can only provide the 20 DMA. I could get the 50 and 200 DMA numbers but I don't normally keep track of those. For the past year .. sheesh ... I guess that would be a 250 DMA for us.
I recently bought a book on Chart Patterns, I hope it discusses the value of these relative DMAs. According to his book, RevShark uses a 50 MA but he was trading stocks real-time. We need to generate sell signals faster than that but that still take market volatility into account - hence the 20 DMA.
Dan
Just throwing this out there since I'm new here. This is my recommended book list - Toni Turner is very easy to read and understand without putting you to sleep. LOL I haven't read the entire list yet which was passed on to me from someone else. Most are available through the library. Good luck!
A Beginner's Guide to Day Trading Online by Toni Turner www.toniturner.com
“Short Term Trading in the New Stock Market” Toni Turner
A Beginner's Guide to Short Term Trading by Toni Turner (for swing and position trading which i recommend)
How I made $2,000,000 in the Stock Market by Nicolas Darvas www.darvastrades.com (a good complimentary website to his trading style since he is not on this earth anymore to have his own official website)
The Candlestick Course by Steven Nison www.candlecharts.com
Trend Following by Michael Covel (some of the biggest traders in the world are Trend Followers including John Henry, Jerry Parker, Ed Seykota, The Turtles, Richard Dennis, William Eckhardt, Bill Dunn, Keith Campbell etc.) www.trendfollowing.com
Reminisces of a Stock Operator by Edwin Lefevre (about the legendary Jesse Livermore and how he thought about trading)
Market Wizards by Jack D. Schwager (about other traders mindsets)
New Market Wizards by Jack D. Schwager (same as above)
Dan, I agree that stocks will continue to slide. However, if you look at the past several days in the F fund, there is no picnic over there either. The F fund has dropped continually since around the first part of March, except for last Friday where it increased a little. It has even gone down when stocks have gone down significantly. If you're looking for a turn around, you only have Friday to look at. The 200DMA is showing that the F fund is leveling off from a pretty good rise earlier in the cycle. I am eager to get into making money, too (or just tired of sitting on the sidelines) ...and the F fund is probably the safest place to be....but is now the time? Is there other indicators that I am missing here?
Take care..
Craig
I don't think we will see a 75 point drop. Too much down side for inflation and USD devaluation. So the market will not like that, and the stocks will continue to drop and bond will increase.
This may be the last month before the 'real' two IFTs and out...so I'm going with you tomorrow with the possiblity of a fast retreat back to G fund if the world falls apart.
There continues to be a lot of downward pressure on stocks and it appears that stocks are having trouble holding onto the initial gains today.
I noticed that too - so the fear "WE ARE IN TROUBLE" will spur the FED to jump to the rescue.
A cut of 75 basis points sounds like an awful and, even if we do get it, I think it will send a signal that the Fed is in full panic mode.
I agree - that's how you would think most would see it.
The overwhelming odds are the 75 basis point "emergency rescue" in combination with the recent "Bail Out" which sparked tremendous enthusiasm (at least initially) - will likely spur another rally.
Here we need to remember that almost everything that has been done over the past 6 months are MAJOR DESPERATE EFFORTS TO SPUR THE ECONOMY AND PREVENT "A RECESSION". The end result is a sinking dollar; bogus attempt to make everyone go on an unending spending spree; and crisis after crisis standing out more (instead of less).
I'm always ready to beat a fast retreat to G. Protect the gains! They are too hard to come by in this market.
Dan
They can still continue to print more counterfeit money with nothing to back it up and dump it on the market until the dollar is worth the same or less than the peso. That's when they will stop.
Well, that will make the transition to a "Nafta Dollar" easier, won't it? :grumble: