I thought I’d walk through the NASDAQ chart for the last month or so to show you how I came up with my game plan. This chart will look a bit different than the charts I usually post because I’m showing Guppy’s Multiple Moving Averages instead of just showing the 10, 50 and 200-day moving [...]
Posted by 27 January 2004
Smelly SOX
It was an ugly day today as the NASDAQ erased all of yesterday’s gains and then some. Novellus’ earnings guidance and a slightly weaker than expected consumer confidence report were the reason for all the selling. The SOX is now back below its middle Bollinger Band and is sitting just 2 points above its 50-day [...]
Posted by 3 December 2003
Key Reversal
My crystal ball worked pretty well with regards to what would happen once the NASDAQ hit 2,000. It reached that level mid-day, closing a gap from way back in January 15th of 2002 by 0.01 points (damn those technical traders!). It was a very weak attempt to break out above 2,000 and the buyers quickly [...]
Posted by 31 May 2003
Breaking It Down
For a while now I’ve been meaning to explain who I am and how I trade. After reading Dr. Steenbarger’s blog today, I’ve been inspired to do it, so here goes. It appears that my trading philosophy is very similar to that of Dr. Steenbarger. I’ll attempt to use similar headings so you can compare [...]
