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RE: [SM] Re: RE: [RT] near a bottom



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Clyde,

 

Is this basically the same as was written in a recent article in Stocks & Commodities magazine?

 

Adrian

 

From: swingmachine@xxxxxxxxxxxxxxx [mailto:swingmachine@xxxxxxxxxxxxxxx] On Behalf Of Clyde Lee
Sent: Wednesday, 19 December 2007 9:50 AM
To: realtraders@xxxxxxxxxxxxxxx
Subject: [SM] Re: RE: [RT] near a bottom

 

I have been working on a strategy that uses the Pearson r Correlation

Coefficient as a means of estimating points of Change In Trend.

 

The attached picture is of 30 minute bars of ES.  You will notice that

in this scenario the CIT has been fairly well called.

 

That is said to note that the strategy called for the trend to turn

positive in the middle of the day -- so maybe near bottom ! ! !

 

Clyde

 

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Clyde Lee                 phone: 713.783.9540
SYTECH Corporation
7910 Westglen, Suite 105
Houston, TX  77063     fax: 713.783.1092
WebSite:       www.theswingmachine.com
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----- Original Message -----

From: EAdamy

Sent: Tuesday, December 18, 2007 04:03 PM

Subject: RE: RE: [RT] near a bottom

 

Closed out my long R2K at 760.10. Very strong performance today including an outside reversal, however the other major indexes lagged percentage-wise and closed off their highs. Breadth was ok but not overwhelming. Profits on long side have been hard to come by so decided to bank what I had and see what charts and breadth models look like tonight.

 

If this is the beginning of a Christmas rally, we could see 1600. If we get anywhere close, my primary objective will be to re-establish shorts at higher levels.

 

Earl

 


From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of EAdamy
Sent: Tuesday, December 18, 2007 12:08 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: RE: RE: [RT] near a bottom

Covered short SnP at 1453 and went long the R2K at 749 with a tight leash. Gave up some profit when SnP didn't close the gap but that's life. I'll have to see how breadth looks at end of day (if I don't get stopped out) before deciding on whether to hold or fold.

 

Earl

 


From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx] On Behalf Of profitok@xxxxxxxxxxxxx
Sent: Tuesday, December 18, 2007 11:39 AM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: RE: [RT] near a bottom

hello earl

I went long at  1450

bought the  1445  put for jan

will sell my long  tomorrow at  1465-1475

and

enter my shorts

Ben

----- Original Message -----
From: EAdamy
Date: Tuesday, December 18, 2007 12:39 pm
Subject: RE: [RT] near a bottom
To: realtraders@xxxxxxxxxxxxxxx

> I have enough signs that the down trend is long in tooth that
> I'm looking
> for the SnP to reverse once it closes that gap at 1429.44 which
> appears to
> be acting as a magnet. I put on an SnP short near this morning's
> highs and
> will be very quick to cover near that gap.
>
> Earl
>
> _____
>
> From: realtraders@xxxxxxxxxxxxxxx
> [mailto:realtraders@xxxxxxxxxxxxxxx] On
> Behalf Of Jim White
> Sent: Tuesday, December 18, 2007 10:30 AM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] near a bottom
>
>
>
>
> We are nearing a bottom in all major indices - in fact the
> Russell (IWM) and
> NASDAQ (QQQQ) have reached the level to expect a reversal. The
> dow level is
> 12953 (DIA = 130) and S&P level 1426 (SPY = 143). Expect NAZ and
> Russell to
> lead.
> Jim White
> Pivot Research & Trading Co.
> PivotTrader.com
>
>
>

 

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