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Oh a 10k .gif. So sweet.
On the chart top line rate of change of superposition stochastic, next
line superposition stochastic, a 2,2 stochastic and price. The two
horizontal lines: one is for today's JF (the lower one) the other is for
tomorrow's (Wednesday) JF, the upper line.
This is a perfect set up since JF is saying. Hey if this trend is going
to continue today it must clear 54.3. Since I calculate JF in real time
during the day I also see that Wednesday must go higher yet to 56.25 if
the price trend is to continue. Next thing in my favor is the 2,2
stochastic has started to turn down and after going as high as 54 .25
during the day (closing around 51 3/4). So the trajectory is higher but
the internal strength is deteriorating fast. Bingo a good short
candidate with an ideal JF setup. Lastly I didn't receive a negative
rate of change on the superposition stochastic but the momentum (or 2nd
derivative) was showing a deceleration of the superposition stochastic.
This should change tomorrow (Wednesday). So it was too good to pass up.
When will I cover, don't know yet. Let's see how Wednesday goes.
Now I took my position at 52 well below it's high. I also took a very
small position 50 shares since there is only about $2550 in my account.
This way I won't worry if it comes back at me some. And if it drops a
couple of points then I will of added $100+ to the account.
And that is all that I am looking for, to nickle & dime the market with
this account. So if I can add $30 to $50/week from the market into this
smaller account I will be happy.
Harley
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