SPX.x forks

[Racehorse]

here is a short sample of the manner in which I use Andrews Pitchforks in charting the emini for my trading.

as the emini S&P only has a life span of three months, and I like to take a longer term look, the SPX.x index reflects the value of each emini over quite a length of time.

of course, there is a very slight difference in the valuations, as each emini contains some value of premium over the cash, but, for the charting, it serves the purpose nicely.

I have posted three successive SPX.x charts ..
longest term is done on a Daily time frame
mid term is done using 379 and 144 periods
and the short term is drawn up with a 21 period base

I'll be glad to attempt to answer any questions ...

I'm not online all the time, so, if I don't respond immediately, I will as soon as I check in here

horse


http://www.ttrader.com/mycharts/index.php

to observe the charts this lind should take you to MyChart home page ..
scroll down to find Racehorse Charting
and
clik on the symbol

[Dave Schwartz]

Racehorse,

WHat are you charting?

Dave

[Racehorse]

Andrews Pitchforks is a technical analysis method of charting

I learned to use the forks about 50 years ago from my Dad.... at that time I was a young and carefree youth barely into being a teenager ....ggggg

I'd done some small degree of discussion with PA on another thread, and had told him I'd post up some forks at which he could look

the emini is what I trade ..... an electronic 1/5 of a full contract
and
the SPX.x is the cash index S&P 500

so, I use the SPX.x for charting a looksee at time ranges of longer than a month or so

the forks provide "mutable" lines of supply and resistance as opposed to "static" fixed points of sup and res

make any sense?

horse

[Dave Schwartz]

Yes, I got that but WHAT is in the horse racing charts?

The price of winners? The effectiveness of last race final time? WHAT?

[PaceAdvantage]

Earth to Dave.....this is Off Topic section....

We're talking stocks here....LOL

[PaceAdvantage]

Racehorse,

I will check out your charts tonight....looking forward to it....

[Dave Schwartz]

PA,

Even the ones about Belmont Park?

Dave

[Racehorse]

I'm not at one of my computers where I have the charting/copying/pasting program available so I can't post a new one right now to the MyChart site.

however, the FOMC yesterday afternoon caused enough of a drop to kill all the forks I had drawn on the three I posted.

I have observed, and put to use over a lengthy period of time, the fact that FA overpowers TA in the short run... and this is definitely illustrated by the FA action on the market of yesterday.

I keep close track of all major announcements and attempt to remove any positions from being in play around that time.

due to the highly leveraged feature of the emini it is self preservation which guides my actions there .... ggggg

I know of two traders of passing acquaintance who were wiped out when Greenspan made the unannounced move of the major drop in overnight rates a while back ...
and
the emini is especially prone to sudden running of the stops which can cause severe depletion of monies in ones account

all in all, I find the forks to be helpful TO ME ....

I'll draw a couple later today and post them

horse

[Suff]

Those of us that are old enough to remember a 15% PRIME RATE and 22% Inflation rate during the Carter Administration should be dumbfounded by the FEDS latest CUT.

1% ....? They're giving money away.

"To good to be true" keeps repeating itself in my head.



Sumthin aint right at HQ's.

Next Month they'll be paying people to invest into this economy.


I see a repeat of the 86 tax repeal. Double and triple Depreciation scales on investment in capital equipment.

[Racehorse]

PA====

I've posted three new charts for anyone who wishes to peek -------


Sufferindowns ======
and, as to your resoning, it is fine and I can tell serves you well

but

I purposefully don't attempt to factor ANY fundamental analysis into my trading ....

a complete technical outlook is my pattern ....

thus the charts I use show the path for ME, rather than trying to import a lot of good information into my feeble brain, assimilate it, attempt to make sense of it, and THEN try to implement it into a course of action to increase my account ...

hey ... I'm not smart enough

so, I just retreat into a mathematical universe replete with charts and figures and NO words ....
that is what it takes for me .... I'm NOT trying to convert anyone from their reliance on FA ....
for me .. TA is it

just as in horse racing .....
and I know this is a sore subject and causes much fuss and bother ....
I rely only on figures .....

my limitations are such that when I start to "think"
I go wrong ...... ggggggg

so, rightly or wrongly, I've done this over an extended period of time on horse and market .....

figures figures figures

[Racehorse]

as I don't mean to make light of your comments
and
I, too, recall all toooooo well the Carter days
and
rampant inflating prices and interest

however, this time and place in the current dilemma of our country I fear DEflation much more than inflation

deflation is an eco killer of huge proportions
whereas
inflation is much more comfortable for most folks

current debt load of the public is unsustainable
so
lower rates and printing more money is the only answer that doesn't intail extreme hardship on the people

that is NOT to say that I feel that this is correct, I just feel that this is what will continue to happen ... for a while ....

deflation will destroy us
inflation and the current actions will only harm us


you mentioned double and triple depreciation ...
were I still in business, I would've purchased early this year a couple of brand new Suburbans .. one for me and one for my wife .....
instead of having to make do with the three year old one and the eight year old one we have ...
now, she does have a "spare" lil car which she drives all the time .... es300 .... and it is four years old and just turned over 30k on our last trip to Austin this past weekend ..... LOL

as the depreciation schedule available for "heavy trucks" allowed a full write off in a year .....
and the Sub, due to gvw it possesses falls into that catagory ...
I have a bud who lives a few houses away from me buy a new Hummer for his roofing business ....
now .. he needs a Humvie about like I need three Suburbans .... LOL


oh well
as I said
figures and charts ...... that is my area .... lol

horse

[Suff]

No problem. I was just Piping in because I follow Political and economic news. Part news Junkie. Part used to work in the biz. Had my 6, 7, 22 and 63 back in my youngin days.

Used to throw a 1/2 pound of Gel in my Hair....tuck my WSJ under my arm and strut through Boston's Financial district like the next Gordon Gecko. The biz zigged, I zagged. Now I pound dirt.

I enjoy your stuff. Thanks for taking time to share it.

[Suff]

BTw are you talking about your TSAN's charts? The S&P500 charts that you put up on Monday? Or your Snappa Charts that went up Wed? Am I correct in assummming your snappa chart is a Comptuer Index chart? Thats whats I get from $COMPX.

I did'nt see any newer charts?

[Racehorse]

the URL hotlink I provided will take you to the MyCharts area of TTrader

you need to scroll down to the R section of the alphabetical listings
and
locate
Racehorse Charting

I currently have six charts on the SPX.x posted ..
three from yesterday and three for today

the guy who runs the website is very kind to have provided free chart posting for a bunch of us .... anyone can join and use it

but
he does make the request that one not hotlink directly to the charts as that ties up his webspace/demand
and
he does request that one take down (remove) outdated charts to keep from hogging bandwidth ...

so I only have six up right now

see if you can find my charts under Racehorse Charting for right now all I have posted is SPX.x .... no comp or other symbols

here is the entire index area for everyone .. and there are a lot of posters doing lotsa different symbols and different things with them .. interesting to take a look at some different things/aspects/outllooks
http://www.ttrader.com/mycharts/index.php

you'll need to scroll down to RacehorseCharting to find mine

and here is a direct URL to mine

http://www.ttrader.com/mycharts/disp...bum.php?id=621

horse

[Suff]

oh...I was reading everyone's charts. oops. Thought they were all yours. I see the directions now, at the bottom of your orginal post. I never read the Bottom paragraph of any post.

I'm to smart for that.