Breadth thrust marked on chart

gravitar by easyguru 10:32 AM Dec 1st

 

I am a member on your site. I was studying general market signals for being long and short. Since picture is worth a thousand words while I was studing Market montor I created a picture for me where I drew "turns" according to market monitor guide. (10 day ratio > 2 after bullish and 10 ratio < 0,5 after bearish). I studied it  for last four years.

Result is a picture of weekly graph for qqqq with red (go short swing trading) and green (go long swing trading) vertical lines for 2007, 2008, 2009 and 2010 (YTD).

MM is prety good in predicting major turns. In attachment is a picture that I created.

http://goo.gl/gcIg3

Sent by Kresimir

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Comments

  • gravitar jsatt11 commented on December 02, 2010

    link isn't working?

  • gravitar easyguru commented on December 02, 2010

    It is attachment file. There is no link. See at bottom of post for attachment.

  • gravitar jsatt11 commented on December 02, 2010

    In reviewing your MM map, it appears there is a bullish line around Dec 09 and the next bearish line is around June 2010. (The days are hard to read on it) The MM shows bearish 10 Day Ratios beginning on May 6, 2010. Are you using some rules that prevented you from going bearish on May 6?

  • gravitar easyguru commented on December 02, 2010

    I have just reposted his image. I have not studied it in detail.

  • gravitar kresimir commented on December 02, 2010

    Hi I make a picture. :) Sorry for not possible to read exact days. It is compromise of having 4 years data and pricise days reading. it was not my plan to send it to stocbee at begining. I created it for my usage durign studing of MM According to my understanding of MM May 6. is not a bearis signal. According to the guid Primary Breath trend colum must be switch to bearish AND ratio must go undet 0,5. On May 6 ratio is under 0,5 but primary indicator is still bulish so this is not a "switch" day.

    At least that is how I understand the method.

  • gravitar jsatt11 commented on December 03, 2010

    Thanks for your explanation kresimir. I believe the point of MM (and interpretations thereof) is that timing indeed can beat buy and hold. Why even something as simple as a weekly or monthly moving average would have prevented the big hurt of 2008.

  • gravitar TireBuilder commented on December 03, 2010

    @Kresimir Fantastic study. Thank you for posting your results. I would hope you continue posting at turning points... @jsatt11's comments are very worthwhile also imho. Thank you both.

  • gravitar None commented on January 06, 2011

    Pradeep,

    For your "stocks doubled in a year" scan, do you use any filter other than (C/C260)>=2? Is there a volume requirement, minimum price, etc? I am building a market monitor and wanted to know what filters you use for the 'up 100% in past year' and 'up 200% in past year' columns.

  • gravitar easyguru commented on January 07, 2011

    Minimum volume has to be 10k.

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