Market Direction INDU SPX OEX NDX RUT

Market Direction is UP for INDU, SPX, NDX and RUT

Attached graphics shows a comparison of that indexes on a 0.25% grid and a 10 days timeframe.
 
Best tactics on this picture:

INDU

Enter if .5% are reached, trail .25% and take profit at 1.75%

or

Enter if .5% are reached, trail .5% and take profit at 1.75%

--------------------------------------

SPX

Enter if .5% are reached, trail .5% and take profit at 1.5%

--------------------------------------

NDX

Enter if .75% are reached, trail .25% and take profit at 2.25%

or

Enter if 1.0% is reached, trail .50% and take profit at 2.0%

--------------------------------------

RUT

Enter if .75% is reached, trail .5% and take profit at 1.5% (or 2.0%)


Remark: Trailing stops are moved in .25% increments

In addition there are good 'scalping' tactics (in hindsight) on NDX and RUT.

Enter countertrend if .5% is reached to get .5% profit, but stop if .75% are reached. This gives a reward to risk ratio of 2:1 and netted 2.75% and 2.0% respectively in that 10 days period.
 
Quote from gg12:

Major indexes heading down, but long term direction up...
More...
======================
GG12
Exactly;
and FED chairman BB used the word'' correction'' for that downmove also.

On NasdaQQQQ it was a fairly noteworthy correction,
in line with lots of downtrends from $120 area,
still above 200 day moving average/long term direction up.:cool:
 
murray

A consequence would be to trade long a bigger size than short

- for the next 4 years (or until there is more than a correction)
 
Congrats on the awesome call bro!!!

It's impossible to lose cash on the indexes over the long haul! To hell with what the perma bears say, they will pay the price while the indexes will power higher over time!!!!!!!!!

Quote from gg12:

Buy and hold over 4 years:
INDU >50% gain
SPX >60% gain
NDX >70% gain
RUT >110% gain
More...
 
You must log in or register to reply here.
Back
Top