It seems strange but the markets seem to like rising oil the last year. Weird.

Gary

Yeah, I know. Everybody knows the rule is...

"When oil goes up the stock market is supposed to go down."

I wonder if the SEC can fine people for refusing to follow the rule.

Larry

Boy the market just doesn't like it when oil goes down. Strange very strange!

Gary

Hey Joe,
Quick question. If you still own AAPL would you sell it today if it closes below the previous low or would you hold it till it gets taken out by the PSAR?

Gary

What am I saying. It already got taken out by the PSAR. DUH!

re: AAPL -- i was stopped out today - weekly SAR stop.

re: oil... i'm trying to find a logical time to buy PXE - that etf i mentioned on an earlier post. i don't expect the weekly SAR to go bearish soon so i don't want to wait that long.

i think i'll use my silver strategy, which is:

if the weekly SAR is bullish and the daily price closes below it's 20 DMA -
wait for a close ABOVE the 20 DMA, then buy.

i think i'll do that.

-ja

<<if the weekly SAR is bullish and the daily price closes below it's 20 DMA -
wait for a close ABOVE the 20 DMA, then buy.>>

Joe,

Would that be a good strategy, in general, to hop on board an existing up-trend?

I ask because I'm still interested in some of the Magic Formula/PSAR stocks that I didn't buy from the beginning of the signal.

Thanks,
Steve

i got this idea from alexander elder - not the EXACT strategy, but the general idea of betting on the long-term trend during a pull-back. it just made logical sense to me so i've been doing it for a while.

personally, i like to wait until the short-term trend (the 20 DMA) has not only pulled back but has begun to resume it's trend - i'm a "johnny come lately" kind of guy.



all that to say - "sure, why not?" i think it's a good way to jump onboard.

sometimes we just miss that first dot!

-ja