The ACD Method

Quon · Dec 21, 2011

Looks like an intra-day failed A down in the SPY

medicsix · Dec 21, 2011

Quote from Maverick74:

Shan, I'll make an effort to highlight when I'm wrong going forward. LOL. It happens enough.

If you must. But after nearly 500 pages I'm going to stick with the predictable outcomes:

Mav = right > Mav = wrong.

Maverick74 · Dec 21, 2011

Quote from Quon:

Looks like an intra-day failed A down in the SPY

Correct.

medicsix · Dec 21, 2011

I have been looking at various ETF's for longer term positions in retirement accounts.

Fisher talks about the "domicile market". So if I'm looking at GLD, I should also note what is going on with gold futures.

Question - would it be better to base my OR's and A/C values on the underlying asset of the ETF, or the ETF itself?

I'm thinking watch them both independently and when they both confirm, make my move....

Maverick74 · Dec 21, 2011

Quote from medicsix:

I have been looking at various ETF's for longer term positions in retirement accounts.

Fisher talks about the "domicile market". So if I'm looking at GLD, I should also note what is going on with gold futures.

Question - would it be better to base my OR's and A/C values on the underlying asset of the ETF, or the ETF itself?

I'm thinking watch them both independently and when they both confirm, make my move....

They usually are the same with Gold futures and the Gold ETF. Close enough.

medicsix · Dec 21, 2011

Quote from Maverick74:

They usually are the same with Gold futures and the Gold ETF. Close enough.

Does this hold true with most ETF's in your opinio?. I imagine it would.
I will still watch both just in case some odd event happens.

mfbreakout · Dec 21, 2011

Quote from mfbreakout:

As usual I covered too quickly, CL back at 98.20. 11.04 am. waiting to see what European close does to the 98 level

They could not break 98 level during euro close. long 98.12. had to wait for 2 hours to get some ticks. Out mostly 98.80.

medicsix · Dec 21, 2011

Quote from Maverick74:

Correct.

Spent the last week creating my spreadsheets with OR times and A/C values. Also got a failed A down, almost to the tick.

Yeah, that's the sound of lightbulbs again

kinggyppo · Dec 21, 2011

"Never look for a narrative to get long or short. Look at price action. Price action was decent today all things considered. I think the monthly A down is a possible target but that is not much downside. Far more upside here for risk assets, particularly in oil.

If I were going to get short, it would be via a spread, not short SPY. One of the spreads I highlighted was the long SPY/XLF spread. There are countless others. Look for the edge king!"

this was the quote I was looking for the other day regarding spreads carry on.

Maverick74 · Dec 21, 2011

Quote from medicsix:

Does this hold true with most ETF's in your opinio?. I imagine it would.
I will still watch both just in case some odd event happens.

Yeah it's true for most of them.