RE: Splutters to a halt.5 Jun 2009 01:38
I show a mid-price of 5.33 Monday for VIY though my wife doesn't agree entirely as she remains a confirmed ichi fan.
Despite a few upsets recently, I've got my head around reading MacD and CCi with some success from a day trade perspective - even tending to rely on CCi rather than L2 to get a complete picture of what is happening intra-minute.
From a day trade perspective, look to MRW hitting 256 tomorrow (grin - hate that company)
It's quite interesting how one mans tip can be dangerous. to someone with another trading style. Recently I mentioned QQ. as a day trade target and was quite chuffed at the entry and exit points the next day. (though the close SP was pitiful) To me, MRW is a safe target tomorrow but someone reading this may think it's a safe long term hold. I've no idea.
My wife is concentrating on ichi to id targets which are safe day trades on the basis that if I get it wrong, we'll still get out at some point soon. Don't like RBS, BARC, or LLOY at present - substantial investments and no profit until mid June at best, though July looks like fun.
The glaringly obvious secret seems to be using timeframes for confirmation or risk minimisation and switching to a 1 year window with a weekly timeframe seems to give the best initial clues then tightening up the focus toward the present.