About this blog:

CURRENT MARKET TREND: Down on 1/24/2020






Saturday, August 4, 2012

Tracking a couple of counts - looking for clarity.

I'm currently tracking a few daily counts. A couple are bearish, a couple bullish. During times like this I sit on my hands so as not to make a terrible trade since capital preservation is my number one goal. The Daily ADX gave a buy signal back around 1290 on the SP-500. Every signal has been met with an opposite signal in the past. So there's no point being overly bearish here. I must wait for a conclusion and establish a trading plan.

Daily ADX Bull/Sell Setup Chart


My Swing Trade Trend Indicator is still on bullish buy


Will post as soon as I take on a new swing trade.

Peace.
Posted by geno0010 at 2:20 PM

13 comments:

  1. AnonymousAugust 4, 2012 at 2:25 PM

    thanks Geno

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    Replies
    1. geno0010August 4, 2012 at 3:01 PM

      Sometimes the trendline on the lower indicator of the Swing trend indicator will give you a perfect short or long entry point. As you can see, that trendline is coming up within a couple of days. In an extended bull or bear trend it doesn't work very well and you have to rely on the red or green horizontal line breaks.

      Delete
  2. AnonymousAugust 4, 2012 at 2:56 PM

    arrived.

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  3. AnonymousAugust 4, 2012 at 3:16 PM

    Geno, this is drockny. I didnt know you had a site...good stuff.

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    1. AnonymousAugust 4, 2012 at 3:20 PM

      So you are currently long this market? There are many knuckle heads in these blogs. I have noted you are one of the better posters. Glad you have site. Keep the scum out.

      Delete
    2. geno0010August 4, 2012 at 3:34 PM

      In my swing account (medium term trading account where I generally use 2x or 3x ETF's) I'm still long. In my short term trading account I closed SPY puts on Thursday, but missed the move up yesterday. I am currently flat in that account.

      Delete
  4. AnonymousAugust 4, 2012 at 4:37 PM

    geno.....u would get alot more traffic if the worldpress login or openid would work ....geeeeesh

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  5. AnonymousAugust 4, 2012 at 4:45 PM

    notice how everyone is annonymos????

    thats because nobody can login on ur blog

    fix it if u want folks to participate

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    1. AnonymousAugust 4, 2012 at 7:11 PM

      This comment has been removed by a blog administrator.

      Delete
  6. AnonymousAugust 4, 2012 at 7:07 PM

    This comment has been removed by a blog administrator.

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  7. AnonymousAugust 4, 2012 at 7:10 PM

    This comment has been removed by a blog administrator.

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  8. AnonymousAugust 5, 2012 at 11:53 AM

    Geno,

    Any updated thoughts on gold? Thanks for resurrecting the blog.

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  9. blueskiesAugust 5, 2012 at 1:36 PM

    Will always stop by to check out your work. Thanks Geno for your hospitality.

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