bull is back

[rtstrading]

Quote from swoop[TR]:

someone read "How I trade for a living" by Smith, right RS ?

Gary?

Nope.....

I just add 2 + 2 to get 4

 

[swoop[TR]]

Yeah Gary, the Ursa/Nova is one of his favorite indicators.

 

[Point Man]

Brinker was looking for 18% move higher in the S&P's. This was achieved today.

 

[def]

Quote from tamaharbor:

Anyone remember Brinker's ZZZBest recommendations?

He is 'legendary' all right.

I was in on that IPO. Rode it up 15+ bucks, didn't see any fundamentals and sold only to kick myself as I watched it soar higher. It then went bust in a matter of days when it became clear it was a money laundering front. My first bubble.

 

[dgabriel]

Quote from rtstrading:

were not in place in September!
You see you cannot rely on just one or two indicators.
These are just two pieces of the puzzle that when used with the other pieces says "Bingo" now is the time!
Never buy the first low after a significant move lower! Wait for all the indicators to be in place.

1. Momentum Divergence
See the Sept low and corresponding momentum and now the March low and corresponding divergent momentum! Yes! That's one piece.

Let me explain my comment.

Your earlier chart and the one to which I responded showed the Rydex ratio. You said the low ratio in March was the signal to go long. The chart showed that as of September, a new and significant low was made. That's all I meant. If your comment was based more than one posts, I apologize, I did not see them before.

Divergences are helpful, and there were a few bullish divergences on the SP between July and September