tag:blogger.com,1999:blog-2335748440449035592.post7771072532143762908..comments2008-08-26T21:16:48.900-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-2335748440449035592.post-18127207768800450772008-08-26T21:16:00.000-04:002008-08-26T21:16:00.000-04:00bluedog - what do you use? a 50-/200-dma downcross? or when the price drops below both the 50- and 200-dma<BR/><BR/>TIAhrs0944http://www.blogger.com/profile/09986838112144909482noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-42437066515347616992008-08-26T21:13:00.000-04:002008-08-26T21:13:00.000-04:00"...chop...", phew, for a while there I thought we were floating in craphrs0944http://www.blogger.com/profile/09986838112144909482noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-61563441999450560902008-08-26T18:44:00.000-04:002008-08-26T18:44:00.000-04:00I didn't mean love technicals to the exclusion of fundamentals. I just notice you like to buy stocks that are fundamentally sound, that are breaking through resistance. But in any case, I didn't realize you cut back at the point. That was a good move in retrospect.<BR/><BR/>"I think even technicals are becoming somewhat useless since I am seeing breakout after breakout fail. It's just a random mosaic at this point, driven by news or that days money flow. Which can reverse 180 degrees the next day." - completely agree with you here. You also combine that with very light volume throughout. We're floating in chop right now...<BR/><BR/>BDBluedoghttp://www.blogger.com/profile/13620622716492473197noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-56120861296505378742008-08-26T17:02:00.000-04:002008-08-26T17:02:00.000-04:00I don't love technicals<BR/><BR/>I'm being forced into using it predominantly due to the nature of this market<BR/><BR/>Back at the end of June commodities if you recall were the one thing holding up while the indexes were down 8% for the month.<BR/><BR/>I cut it back but not out. I prefer to be 90% fundamentals with only a sprinkling of technicals. This market has made that probably reverse. However, I think even technicals are becoming somewhat useless since I am seeing breakout after breakout fail. It's just a random mosaic at this point, driven by news or that days money flow. Which can reverse 180 degrees the next day.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-17498945910191565342008-08-26T16:44:00.000-04:002008-08-26T16:44:00.000-04:00Knowing how much you love technicals, I'm curious why you didn't sell at the break of the 200 and 50 DMA, back at $65? I think you're right about the short term retracement, though. I'd like to get in at $45.<BR/><BR/>BDBluedoghttp://www.blogger.com/profile/13620622716492473197noreply@blogger.com