Runner's Rascals

[Runner]

[Runner]

My streaming indices were down all day. Something was wrong with the backfill from Scottrade through Medved, Never the less it looks like the market chopped around. MSFT did not do well and I did not like the action of it or most stocks on my list.

[Runner]

Just playing with some charts. Notice the structure of this chart,It is obvious that the BULL line is next to non exsistant!

[IIC]

Runner...What happened...Who wants a 1 day chart???

[Runner]

IIC, it is the first trading day of a new month. If I keep all the data in one format it looks all cluttered up. Notice by the end of last month how the charts started getting distorted. I don’t want to stretch them to take up the whole page.

[Runner]

I’ve been reading about market structures and something I’d like to share is the power of the “V” formation.
Notice this example Also the “V” Works with different time frames..

[Runner]

What if anything does this chart tell you???

[Runner]

My longer-term thinking is Bear down to 1750 and Bullish if we can hold above 2100. Yes we will have bounces and more chopping around ahead of us IMO. We may ever test the 2100 area again, Difficult market at the present, But hey this is just my take. I’ve surely been wrong in the past. I do see the possibility the BEAR line will possibly get tested in the coming future.

[Runner]

Well the bullets have been flying and the artillery is landing all around us. The thing about the bombs is they make a deep hole in the earth. The sad reality of it all is that the round that takes you out you never hear it. What does this have to do with the market you ask? Well look the indices and see the battlefield. BULL soldiers have been hunkering down in their foxholes as the massive pounding of the BEARS has taken grip. It is always better to be on the offensive then the defensive, because you chose the time and place of your attack. Look at the BULL U/D volume from last month. Pretty sorry effort on the BULLS part. Once you get an edge on the enemy you drive it down their throat and twist the blade of your bayonet. No mercy and as we know the market has no mercy on us small time investors/traders.

The BULLS better find a way to rise to the occasion and come out of them holes and conduct a counter attack with force so extreme it sends the BEARS in retreat over the hills. Once the window is open you send your best troops in to destroy the enemy. Once the wall is blown we move with speed and force unmatched by anyone on this planet. Smoke conceals our movements as we storm with barrels blazing and we persist until we have retaken our ground.

I put this little writing in my journal yesterday. And I’m not sure anyone else here would be able to understand the words written, but I’m bored with the market right now

[skiracer]

These are the worst of times for traders. Markets are giving off anything but clear signals of it's intended direction. Having a hard time finding decent setups really worthwhile. Truly a market ready to trap you. And we're bored and looking for something either long or short. Perfect time to compromise your disciplines and judgement to take a position partly due to boredom and nothing else to do. The inaction is the pits but to those who control the emotion and sit it out safely somewhere while the volitiality subsides, they will last longer and become stronger in their control of the emotional side of this. It enhances the chances of winning immeasurably.

[Runner]

When I get these mixed signal I normally stay out. I’ve been in mixed mode for a while now. Skiracer your right if one is not sure what to do it often is best to do nothing. Oil seems to be smoking crack and that is about all I see based on my money flow watch, but this is a new week and we know some will win and some will lose.

The choppy action can turn on a trader/investor in a heart beat, but many will still click that mouse as they watch a gain turn into a lose. Then they turn to hope as they watch the lose slip down further. I always try to plot an ETS (entry,target,stop). And in these choppy times your stop will get triggered often then the next day you scratch your head as the price jumps up big time. This does not matter what matters is that one follow the plan. My DT’s have been low risk and low reward. By this I don’t expect huge profits. I’ve also scaled back the number of shares based on conditions, but money management is what also keeps one in the game. Many will argue that entry is not important, but to me it is. Sure I’ll never get in at the bottom, and never sell at the top, but greed can get the best of a trader/investor. Anyway last week was not very impressive and I only traded a few times and scratched on both. After that I just turned the screen off the left for the day!!

[Runner]

Monday watch:
BBH (Bio) to reverse up
OIH (Oil) long signal still valid, but might run out of steam soon
RTH (retail) MLS in place waiting trigger line
SWH (software) looking short off MSH

[skiracer]

My biggest battle is controlling the desire to trade even when the markets are telling me to stay on the sidelines an I know that's the best place to be.
Controlling your emotions under all circumstances is in my opinion the single most important factor. Not only in trading when you should be in cash but on entry and exit strategys an holding to your plan for every trade.
Thanks for your take on HTRN earlier.

[Runner]

[Runner]

The aggressive investors went short off first MSH and placed stop at high of that day. Notice how 4 ticks over they would have been stopped out. I saw the gap up as a bullish move and this sent some shorts scrambling. Especially given the oil madness. The 2nd blue arrow gave a signal that the buyers did not want to pay higher prices. Even still the bulls stepped up to the plate and keep the price up.

I believe it is up to us to attempt to figure out what might occur next. I always expect the price to drop when I see a MSH and the price to climb when I see a MSL. The 3rd tic will be the confirmation signal that higher prices may be coming, but we always look for the buying energy to either increase or decrees.