Mactheriverrat 3,178 posts msg #148312 - Ignore Mactheriverrat |
6/29/2019 11:05:51 PM
A simple chart to start will do. The wma(30) is the key. On can use MA(30) or even EMA(30). I like is Weinstein's use of plan ole simple chart on a weekly chart display.
Submit
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Mactheriverrat 3,178 posts msg #148313 - Ignore Mactheriverrat |
6/29/2019 11:14:05 PM
The
set{x1, compare with ^SPX}
draw x1 line at 0
set{x2, cma(x1,52)}
draw x2 on plot x1
is a comparison with SPX but is don't show up right in sometimes.
There are some other links that have be posted that show Mansfield comparison.
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Mactheriverrat 3,178 posts msg #148314 - Ignore Mactheriverrat |
6/29/2019 11:21:56 PM
Here's 2 stocks.
SBLK - at a breakout.
GE - near breakout.
Not in SBLK but if GE can breakout I'm going to be in.

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volvlov 32 posts msg #148326 - Ignore volvlov |
7/1/2019 10:55:24 PM
I just received my copy. It really is an excellent book!
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Mactheriverrat 3,178 posts msg #148327 - Ignore Mactheriverrat |
7/1/2019 10:59:11 PM
Roger that !!!!! It is a excellent book.
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graftonian 1,089 posts msg #148338 - Ignore graftonian |
7/2/2019 3:40:34 PM
Got my copy on Friday and have devoured it. When Mac first introduced this new(old) system, I started placing a few small long trades. So far, so good; just closed AMRN for 28% since 6/28, GDX for 31% since 6/21. CZR and several other gold ETFs are doing well.
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graftonian 1,089 posts msg #148342 - Ignore graftonian |
7/2/2019 5:56:15 PM
Tomorrows buy: PSX
Pro: recent cross of WMA, WMA turning positive, Well defined head and shoulders mid-may to mid-june, MRS strengthening, and a nice volume spike.
Con: Late buy, should have been at the neckline (86), Energy is not the hottest sector on the block, however it is pushing the WMA and exhibits a head and shoulders pattern over the same time frame. I'd like to see the Mansfield RS a little stronger.
No big move planned, just Buy an ATM call out 2 or 3 months. A learning experience.
Plan to keep a tight stop on this position, the Guppy CBL or the WMA, I'd like to see PSX break resistance at 99, I might double up there.
I offer this for discussion purposes. Show me where I'm wrong. What have I forgotten?
Thanx, Graf
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Mactheriverrat 3,178 posts msg #148343 - Ignore Mactheriverrat |
7/2/2019 6:40:27 PM
That's GREAT Graftonian . Stan's approach is time tested again and again over the years. We did a boat crew change where west clinton and mason hollow roads meet in Grafton last week- That water sure got up this time. I think I ran over a stop sign with our jon boat
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Mactheriverrat 3,178 posts msg #148348 - Ignore Mactheriverrat |
7/3/2019 2:18:28 AM
For PSX
I'm not messing with Guppy CBL anymore right now . PSX is getting near that $99 resistance line which it could bounce off that line and go back lower. SPX comparison is still below the ma(50) . Yes ma30 is moving up but that resistance would be a concern for me. A weekly break above above it would be clear sky's . A buy now might have you holding while it goes back south off of the resistance line. I would have it on a watchlist. I would give a week or two .
Thats just me.

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Mactheriverrat 3,178 posts msg #148349 - Ignore Mactheriverrat |
7/3/2019 2:31:45 AM
Profile isatreader posts great setups near resistance of us stocks called US Stocks and ETFs - Watchlist and Discussion
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