Another Day...Another Dollar

Thursday, October 7, 2010

Another Day...Another Dollar

What a great day. We caught some fantastic moves long and short. As you can see from the attached SPY chart, no technical damage has been done to the bull case. The jobs report due out tomorrow morning should hold some more clues for near term direction. Stay tuned.

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Reading Our Charts

Rampage Trading charts are the result of enormous research and development efforts focused on profitability and simplicity. Despite the visual simplicity of the charts, they are built on complex, proprietary mathematical algorithms. Rampage Trading charts could not be simpler — Buy on Blue arrows, Sell on Red arrows. When the market changes to or stays in an up-trend, the bars become or remain Blue. When the market changes to or stays in a downtrend, the bars become Red. Each signal is also confirmed with our proprietary trend algorithm represented by the Blue and Red colored dots above or below price. If the trend algorithm is Blue in color and a buy signal materializes, higher prices are warranted. If the trend algorithm is Red in color and a sell (short) signal materializes, lower prices are warranted. The proprietary mathematical formulas and algorithms are based specifically on real time or end of day data and do not employ ANY conventional technical indicators. The formulas are calculated using the most accurate and reliable indicator – PRICE ACTION.

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ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. Please note that there are additional limitations when attempting to simulate the performance of a trading system which includes short trades due to various short trading regulations and hard/impossible to borrow stocks which cannot be incorporated into the simulated performance. There is a high degree of risk in trading, and short trading can carry additional risk, so you should always consult a qualified adviser about the suitability of any investment. CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

Rampage Trading - Wall Street's Best Kept Secret

Thursday, October 7, 2010