Recent content by EminiInsider

egggzactly :)

TA is always successful. Maybe you are not (not you personally, but the trader) or maybe the conception of TA that you have may not be working, but TA in the broad form is just various tools of analyzing price, time, volume etc. To say "TA is meaningless" doesn't mean anything unless we all have...

I disagree with the above point. TA is EVERYTHING. But problem is very few understand CONTEXT. If you understand the markets for what they are - a vehicle for cleansing the pockets of the majority of participants - and not for what you want them to be - a representation for some subjective...

Why do you say that? Everyone reads out of the same TA 101 textbook, and just about 'Everyone' (90-95% of retail traders?) get reamed regularly by the markets. Understanding what 'They' are doing is key to unlocking certain truths about how the markets actually work.

That being said, I do agree that a rally is likely to take place. But me thinks it will be shortable...how many perfectly aligned triple bottoms have you seen in your trading career? ;-)

Could be. But that's predicting, always disastrous to one's trading account over long enough time line. True, sentiment is back down to past IT (intermediate term, +/- 50 point swings +) but...sentiment, as well as overbought/oversold, are only CONDITIONAL FACTORS. One should only use them once...

Hi Catalyst, I'd think a good chunk of ES trading is done by speculators. It provides, IMO, one of the most comprehensive, liquid, markets for day/swing trading. Be cautious tho, from my estimation, ES often trades quite differently then a lot of stocks.

Ahh ok...makes sense. thanks.

little confused w your analogy...what's a 'nip'?

Very nice analogy :)

Yea, Mauldin is great. Check out Hussman also...his weekly commentaries are top notch: www.hussmanfunds.com

So although I love your little kitten photo ASusilovic...I think this one is more fitting...

Great photo :) Don't think this market is hibernating tho...seems like it's building fuel for a durable move...55 is an important # if you recall. Yes, it is the 50% retracement from Friday's low 1037 to AH highs at 1072.75...but more importantly lies at confluence of some important...

What makes you say that?

Read the book "Evidence Based Technical Analysis" by Aronson. None of these simplistic TA methods work...My group of trader friends and I call it dummy TA. Crucial to understand because it colors 'Context'; it's all about context....