Runner's Rascals

[Runner]

Chart alert on the Nas looks as volume higher today then yesterday. Notice green line that is the 50dma!! Good day to be in cash or short, except for STEM

[Websman]

STEM is rocking! This one will go on my watchlist...

[Runner]

Well sometimes it is best to just wait things out until the market gives a better direction. I’m wondering if we will now begin a whipping motion the next few weeks. Maybe we are entering into a day traders market? Holding overnight could prove painful for this week anyway. This correction will give us new opportunities and set up’s. So I do see a positive in the mist of the madness. Nothing is making sense to me right now and so on the sidelines for now. One of my short-term indicators the TRIN was pegged out over 3.0 the other day. Be careful during this first rally attempt!!

[Websman]

I took a small position in AAI but am not risking much until things get straightened out. I'm mostly in cash.

[yaoyao]

Excuse my ignorance. What does it mean when the TRIN was pegged out over 3.0? Thanks.

[Runner]

Yaoyao, I View the TRIN as a barometer of the market. It is an acronym for Trading Index, the TRIN is also called the Arms Index. Mainly the TRIN is used by day traders but I use it as it gives me a gauge of how well the internals of the market look. It simply measures the volatility in the market. Low TRIN means the Bulls are in control. High trin means the Bears rule. If you want more info on this indicator this is the link.

Hope this helps

http://stockcharts.com/education/IndicatorAnalysis/indic_TRIN.html

http://www.investopedia.com/articles/trading/03/021203.asp

[Runner]

This is a TRIN chart of the Nas. It shows me best set up for day trading may have occurred from about 11:00 until 12:30. Normally when the TRIN goes down the nas goes up.Look on your intraday chart and see how this time frame was positive for the Nas.

[Runner]

Hey Webs, AAI chart looks like a quad triple bottom. Maybe some buyers will step up to the plate and take it to your target.

Best Trading!!

[Websman]

Hey Webs, AAI chart looks like a quad triple bottom. Maybe some buyers will step up to the plate and take it to your target.

Best Trading!!

If not, I'm out at $9.11. The plan is in place! I think Spike is starting to rub off on me.

[Runner]

To some degree you have planned your fishing expedition. You checked the local marine forecast, you put gas in your boat, and you set up your route with your GPS so you can get to that special strike zone. You have a plan!! The same thing applies to the market. You have a plan with AAI and if it does not work out who cares? You stuck to your plan and worked your plan this is what counts. I think what counts is when you exit your plan. After all this is the make it or break it point.

I have had numerous stocks that bolt after I pull the plug and unload, but I’m happy with a little 3-5% hit. It was the plan and when your plan works you get fired up. But when your plan does not work and you take a small lose get fired up. I have found that after the plan is in motion sometimes sticking with it is harder then it looks. Mr. emotion will try to creep in and spread fear and doubt. That Rascal can take a flying leap, because I have a plan. Sometimes I’ll just shut the screen down and leave the room. I’ve even tried mental brainpower. It goes like this.. Come on big institutions buy up my stock now!!! I’ve yet to master that technique.

Why is it that 90% of the population will spend weeks planning for a vacation and yet spend 2 seconds planning their financial future? I’ll tell ya why because MR. Doubt and fear slips in and tells then they CAN’T accomplish this or that. The definition of FEAR is False-Evidence-Appearing-Real….

[IIC]

Runner...there was a cool site called SnappyTrader.com that had R/T 1 min refreshed Tick/Trin charts for FREE...Apparently they went out of biz a couple of mos. ago...know any others besides Stockcharts? I subscribe to R/T Stockcharts, which I love...but many others don't. When I watch these Indicators(and others) I am more concerned with the current direction than I am with the level...THX...IIC

[Websman]

Thanks for the great pep talk Runner! You're right, sticking to my plan has proved to be difficult in the past, but I am determined to make it this year. I have my plan with AAI, and I WILL stick to it. 5% is nothing and it gives me plenty of room to work with.
If I have to sell at $9.11, I'll move on to one of the other 8000 or so stocks out there.
Then, I'm going fishing!

[Runner]

IIC, my screen updates Tic and TRIN every 5 sec, so that is not bad. I normally will pull up the chart like the one I posted. It is interesting how trin coincides with the nas. It does give an early warning when things start looking ugly.

[Runner]

I forgot to tell you Medved has free tic and trin with their screen. You just have to link it into your broker for the data. This is what I use and I like it. You can even use VIX if you like.

[IIC]

I forgot to tell you Medved has free tic and trin with their screen. You just have to link it into your broker for the data. This is what I use and I like it. You can even use VIX if you like.

THX Runner...IIC