Posted on May 9th, 2008 at 1:04 PM

The argument is often had in the stock market between fundamental data lovers and technical analysts about what really drives a stocks price, technicals or fundamentals? I don't believe that either one holds constant sway over price movements. Now and again its the fundamentals, other times its all technical price action. Now as for myself I really don't care which one it is. I just want to have a disciplined risk averse consistent methodology to take advantage of movement. That is what Advanced GET gives me.

Posted on May 9th, 2008 at 1:39 PM

So the S&P is pulling back and trying to consolidate. If it gets in gear to the upside Tyco International (TYC) is a nice looking long setup waiting for a good trigger. I am going to keep an eye on this one. The MOB is a good distance off giving us nice reward/risk potential here (over 4/1). Let's keep an eye on it.

Posted on May 9th, 2008 at 1:57 PM

So if the S&P heads down and we see a continued selloff Emulex Corporation (ELX) is setup nice for a GET Stochastic sell. Something to keep an eye on should it trigger nicely. Below is the chart setup.

Posted on May 10th, 2008 at 10:48 PM

In my March 18 post, I showed that the ($SPX) had set up a classic counter-trend trade on the daily timeframe. Since then, the market has rallied just under 7%.

So where are we now? We can see on the daily timeframe that if we pull back further we may set up a stochastic buy. However, it is the weekly timeframe that I am paying more attention to here.