Comments on: Short Term Oversold http://www.chrisperruna.com/2008/01/18/short-term-oversold/ Tue, 17 Aug 2010 02:24:01 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Royce http://www.chrisperruna.com/2008/01/18/short-term-oversold/comment-page-1/#comment-16364 Royce Fri, 01 Feb 2008 15:26:02 +0000 http://www.chrisperruna.com/2008/01/18/short-term-oversold/#comment-16364 Are you still in YGE? Maybe you have added more to your position at 21.00? Are you still in YGE? Maybe you have added more to your position at 21.00?

]]> By: Chris http://www.chrisperruna.com/2008/01/18/short-term-oversold/comment-page-1/#comment-16155 Chris Tue, 22 Jan 2008 15:53:10 +0000 http://www.chrisperruna.com/2008/01/18/short-term-oversold/#comment-16155 Chris, I did nothing. I anticipated the huge declines this morning. I don't have hard stops due to be stopped out in mornings like this. Chris, I did nothing. I anticipated the huge declines this morning. I don’t have hard stops due to be stopped out in mornings like this.

]]> By: Chris Poston http://www.chrisperruna.com/2008/01/18/short-term-oversold/comment-page-1/#comment-16153 Chris Poston Tue, 22 Jan 2008 15:19:30 +0000 http://www.chrisperruna.com/2008/01/18/short-term-oversold/#comment-16153 Chris, I see that YGE is down more than 15% this morning. Did you cut your loss/sell short/buy more? Chris Chris,

I see that YGE is down more than 15% this morning. Did you cut your loss/sell short/buy more?

Chris

]]> By: Chris http://www.chrisperruna.com/2008/01/18/short-term-oversold/comment-page-1/#comment-16144 Chris Tue, 22 Jan 2008 00:53:11 +0000 http://www.chrisperruna.com/2008/01/18/short-term-oversold/#comment-16144 jimmyj, Be a wise guy elsewhere or expand on your one line statements (contribute or be gone). I never block comments that don't agree with me but they must add to the community. BTW: no one is your "son" on this site. jimmyj,
Be a wise guy elsewhere or expand on your one line statements (contribute or be gone). I never block comments that don’t agree with me but they must add to the community.

BTW: no one is your “son” on this site.

]]> By: jimmyj http://www.chrisperruna.com/2008/01/18/short-term-oversold/comment-page-1/#comment-16139 jimmyj Mon, 21 Jan 2008 20:43:47 +0000 http://www.chrisperruna.com/2008/01/18/short-term-oversold/#comment-16139 "Short term oversold" Son, you don't know the meaning of oversold! “Short term oversold”

Son, you don’t know the meaning of oversold!

]]> By: Paul S. http://www.chrisperruna.com/2008/01/18/short-term-oversold/comment-page-1/#comment-16100 Paul S. Sat, 19 Jan 2008 23:52:49 +0000 http://www.chrisperruna.com/2008/01/18/short-term-oversold/#comment-16100 Chris (Poston), I firmly believe that a good trader must have multiple trading strategies. While the IBD system is excellent, it performs better in certain types of markets. There's no harm in deviating from ones core strategy, especially when risk is kept at a minimum. A lot of money can be made playing bounces, even in markets showing major distribution. In fact, these are the best markets to play bounces. Chris (Poston),
I firmly believe that a good trader must have multiple trading strategies. While the IBD system is excellent, it performs better in certain types of markets. There’s no harm in deviating from ones core strategy, especially when risk is kept at a minimum.

A lot of money can be made playing bounces, even in markets showing major distribution. In fact, these are the best markets to play bounces.

]]> By: Royce http://www.chrisperruna.com/2008/01/18/short-term-oversold/comment-page-1/#comment-16089 Royce Fri, 18 Jan 2008 17:39:39 +0000 http://www.chrisperruna.com/2008/01/18/short-term-oversold/#comment-16089 Chris, I got into YGE today at under $25.00 When do you think it might hit $44.00? It was over $36.00 just last week. Any thiughts from other bloggers? Chris,

I got into YGE today at under $25.00 When do you think it might hit $44.00? It was over $36.00 just last week. Any thiughts from other bloggers?

]]> By: Chris http://www.chrisperruna.com/2008/01/18/short-term-oversold/comment-page-1/#comment-16087 Chris Fri, 18 Jan 2008 15:53:03 +0000 http://www.chrisperruna.com/2008/01/18/short-term-oversold/#comment-16087 Chris, It's a partial position (not full risk) and it's a swing trade, not a longer term trend trade (no trend in this chart). We'll see. Buy did trigger at $25 flat - this morning. We'll see what happens. Risk/reward plays. Some work, some don't. Who am I to guess what trades will work and which ones won't. If you play opinions, you lose! Yes, the market is trading down, YGE has had distribution but the setup is there with low risk based on what I am trying to accomplish. i don't have much to lose, especially with a partial position. Very low risk. Chris,
It’s a partial position (not full risk) and it’s a swing trade, not a longer term trend trade (no trend in this chart). We’ll see. Buy did trigger at $25 flat – this morning.

We’ll see what happens. Risk/reward plays. Some work, some don’t. Who am I to guess what trades will work and which ones won’t. If you play opinions, you lose!

Yes, the market is trading down, YGE has had distribution but the setup is there with low risk based on what I am trying to accomplish. i don’t have much to lose, especially with a partial position. Very low risk.

]]> By: Tim http://www.chrisperruna.com/2008/01/18/short-term-oversold/comment-page-1/#comment-16086 Tim Fri, 18 Jan 2008 15:50:46 +0000 http://www.chrisperruna.com/2008/01/18/short-term-oversold/#comment-16086 With the damage that has been done, wouldn't be surprised if the $NAA200R (% above 200 day avg) traces out a similar pattern to the 2002 bottom in your chart - double bottom around 15 over a 1-3 month time frame. With the damage that has been done, wouldn’t be surprised if the $NAA200R (% above 200 day avg) traces out a similar pattern to the 2002 bottom in your chart – double bottom around 15 over a 1-3 month time frame.

]]> By: Chris Poston http://www.chrisperruna.com/2008/01/18/short-term-oversold/comment-page-1/#comment-16085 Chris Poston Fri, 18 Jan 2008 15:02:26 +0000 http://www.chrisperruna.com/2008/01/18/short-term-oversold/#comment-16085 Chris, I know your an avid IBD reader and that you follow O'Neill's principles pretty closely but why would you take a long position in this market with as many distribution days as we've seen? I've examined YGE's chart and its showing a possible double bottom. The scary thing is that on the second leg down volume was extremely higher to the downside. 8 of the past 12 trading sessions for YGE have seen the stock go lower on above average volume. Chris,

I know your an avid IBD reader and that you follow O’Neill’s principles pretty closely but why would you take a long position in this market with as many distribution days as we’ve seen? I’ve examined YGE’s chart and its showing a possible double bottom. The scary thing is that on the second leg down volume was extremely higher to the downside. 8 of the past 12 trading sessions for YGE have seen the stock go lower on above average volume.

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