20dmf rt

[grems8544]

I know... amazing. I'm out (darn) and my rules prevent me from getting back in today, but wow, what a drop.

I trial ballooned some TNA at SS3 and THAT was a mistake... :oP Trial balloon popped -- out with a 1% loss. I'm waiting for it to come back a bit before attempting again...

Regards,

pgd

[nickola.pazderic]

patient as my mom watching "The Days of Our Lives."

[Pascal]

patient as my mom watching "The Days of Our Lives."

Finally a little bounce?

[nickola.pazderic]

Hi Pascal, Billy, and all Trading Wizards,

Do you'all put any stock in magical Fibonacci retracements:



People are noticing the break of the 50% retracement here on the SPY.

[grems8544]

Hi Pascal, Billy, and all Trading Wizards,

Do you'all put any stock in magical Fibonacci retracements:

Attachment 11568

People are noticing the break of the 50% retracement here on the SPY.

Absolutely. Not so much in market mechanics, but because people believe and code their systems to the Fib numbers.

This is why you see GGT MAs of 2,3,5,8,13,21,34,55...

As an aside, I note that the SPY finished below the YPP and that IWM finished below SS3, with the Q's significantly below QPP and SS1. These are now significant resistance levels....





Make it a great Thanksgiving all.

Regards,

pgd

[nickola.pazderic]

Paul,

Wonderful analysis; now tell me what to do! :)

Prior to the close today, I bailed out of TNA and jumped into TZA. Sold the TZA 2 minutes before the close. This is the only advantage of watching the soap opera, called the stock market: one can reverse course at an obvious inflection point.

But Trev-- are you out there?-- the Jesse Livermore rule about not wasting time during times like these sure proved correct.

Peace all,

[manucastle]

Paul,

Wonderful analysis; now tell me what to do! :)

Prior to the close today, I bailed out of TNA and jumped into TZA. Sold the TZA 2 minutes before the close. This is the only advantage of watching the soap opera, called the stock market: one can reverse course at an obvious inflection point.

But Trev-- are you out there?-- the Jesse Livermore rule about not wasting time during times like these sure proved correct.

Peace all,

Hi Nickola,

Yes, the best place to be just now is out of the market. We have not had success on the short side but we have also not lost anything on the long side. We are in an even better position than Jesse was in that we have the Robot to guide us unemotionally through the morass.

I have just read that this is the worst pre Thanksgiving week on record !!

Only fools rush in :O(

Trev

[roberto.giusto]

Billy,

this is very interesting. Is your position sizing independent by the strenght of the robot signal?