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Registered User
Joined: 10/7/2004
Posts: 86
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I am creating this topic to discuss what people use to determine Market Direction. All feedback, example and questions welcome. Maybe we can simpify to the lowest common denominator to help all.
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Registered User
Joined: 2/5/2005
Posts: 4
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[QUOTE=traderc]
I am creating this topic to discuss what people use to determine Market Direction. All feedback, example and questions welcome. Maybe we can simpify to the lowest common denominator to help all.
I look at weekly stochastics, volume and of course price. For market direction I check DIA, SPY, XLF, IWM and SMH. When they are all moving the same direction I will buy stocks if the weekly stochastic is moving up and the price and volume show strong buying.
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Registered User
Joined: 10/7/2004
Posts: 86
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Thanks Lithoprinter trying to uploads my charts hope to get this off the ground this week when I figure out the problem.
rctrade
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Registered User
Joined: 10/7/2004
Posts: 86
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Wow I had to use Firefox to get this loaded after a week of fighting with Edge and Chrome.
Here is one of my sscreens I look at that gives me a breath and reversion(Oversold, overbought)
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Registered User
Joined: 10/7/2004
Posts: 86
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Here is my basic Index screen I use for S&P, QQQ, IWM,VTI.
I split screen for weekly and daily to provide direction(Trend or consolidation)
On the daily chart I am playng with connersRSI, Price distance between the 20 and 50dma - not really using this yet. I would like to add an overbought over sold indicator to my screen oon daily. Still working that.
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