ryeone's blog

 As the move continues to go up here on the  daily dia chart, I have some time on my hands. So  I got a book.  Off of an  over sold RSI, and a contracting ATR i guess this move is going to be somewhat profitable if u got in on the 11th or so. The news remains mixed. I dont see the white hats able to do much here, they have commited the words and cash. We  know what they have the ablity to do. Check out Cali realestate if you have nothing to do. I have a book, and until this works itself out. im out and reading , later looking to sell and let it run.

    Well the Dia Daily is showing it wants some up action as the ATR or range action continues to contract.  But their is some overhead resistance that may take time to get thru here if it wants higher. I have had no other signals to trade and I know that rallies in a bear can be very attractive for some to play.  But I remain  in the bear camp for now. The news is very neutral, not enough to push it thru the overhead, not enough to pull it back down. What to do? Nothing!

  The Dia trade was not such a bad trade. It made a few pennies. But more to the point it was a poor signal. I saw a possible entry to sell made on 3/25/08. The ATR contracted, that is the bar for that day was well below avgerage. The RSI was over bot and we had a nice formation to sell into. What went wrong then? The price action continued to contract. That is the ATR narrows and the avgerage drops. Here we had the previous week an expanding ATR and then it narrows on the decline of the price action. This is not what I wanted to see.

Out in the chop. Placed Stp. to close to the action. Spooks me everytime, the contraction in ATR going into the move.  Now I sit  and wait.best to you and yoursryeone

 For the Daily Dia, its at a point thats sellable for me. The rally is sufficent in range and the chart looks good. The indies are not in line. Nor are they divergent. News is only somewhat negative. But the Bear deal is interesting. Selling the rallies and letting it run , and be safe, wear a stop. Best to you and yours ryeone P.S. This is for instructional purposes, not actionable material.

Nothing to do but wait! But lots of intra-day moves. The ATR is really up here. (As range expands in price action.) When I see agreement with-in the indies, then I can consider the set-up. Till then its just basic chop. Wide ranging chop, but chop all the same. Reading the blogs and media here. Things are more toned down from last week. Not predicting if its over, not not predicting if its over. Bland words like "We will do whatever it takes to keep the financial mkts stable." and stuff like that. So Im sitting on hands. Will sell the rallies and let it run.

best to you and yours

So the triangle got broken on the Dia daily chart. However the previous lows have not been met yet. I had hoped that the kiss back would be bigger. That is, the up trend off of the lows of 03/10/08 would be closer to the back of the up trend that formed the bottom part of the triangle. But even so my work shows a sell signal out of syncronisity. (That

Looks as if the tri is being broken to the downside on the DIA daily chart. Its hard to call the triangles imo, but the sell seems to have been the 27th and the price action is breaking thru the lower support. Its still to early, to be sure ,that we might see the lows again. However they are in range at this point. My work is showing a negative bias and the "news' we read in the media and blogs seems negative too. My guess is stagflation. It would account for the split nature of the mkts. Will it all be like Japan 91?

Some things never change it seems. Im looking at the DIA daily chart today 2/19/08 and think my gosh it can go either way here. Some of the blogs out in the web are really negative and some are very positive. The negative blogs side with continued writeoffs in the banking industry. The more positive blogs are indicating that the worst is over and
these are good prices to be found in this rubble here. I am going to see and wait a bit.
I like the formations, but Im going to side with the trend, which in my book is still down.

The Stock market is always the same and never the same.