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Obviously this is a significant long term level of support for the US dollar. The market could break down through it, but I suspect this level will hold. If the dollar does hold support, then we can expect US interest rates to continue to firm up and lead to near-term weakness in the S&P 500...

Points well taken N.Q. ! This was a good litmus test of the ET waters, taking the patient's temperature if you will. Clearly the ET guru game is one of skillful illusions directed at preconditioned minds. A game of feeding dreams of vast wealth at the boundary of one's imagination. Illusions...

N.Q. - The pure bright light of genius always casts a shadow... Thanks N.Q. for issuing your prophetic warning a full 2 days in advance of this dire situation.... " [BRIEFING.COM] S&P futures vs fair value: -3.0. Nasdaq futures vs fair value: -7.0. With dashed hopes for an interest-rate...

Thanks so much N.Q., your generosity is only eclipsed by your pure genius !

...this one sure looks like a no brainer....we are loading up the wells-fargo truck on this textbook ConFabulator signal ! ( thank God (aka. Goldman-Sachs) for 100:1 leverage :D )

Congrat's N.Q. on your stunning first day forecast ! I notice on tonight's chart, exactly as you predicted, the ConFabulator turned down and crossed below the key 90 level...all the happy talk of mergers, takeovers, and even a 4% plunge in the price of Crude Oil could not encumber the force...

umm yeah a couple of helpful suggestions here.... 1. The name of your indicator is a bit simplistic, you might consider the more mathematically oriented confabulator, (Confirming Fabulous Oscillator), which I am confident will be shortened by your new believers to the more appropriate CFO in...

just a little reminder, these rules exist to protect us from the destructive power of our ego... Reviewing yesterdays numerous posts in this thread, I took note that each of the above rules was repeatedly broken yesterday. This journal now stands as a clear example and warning that mental...

In response to the market break this week, just a quick update on the larger containing 5 wave structure and related trend channel, along with the anticipated $VIX spike. Although the timing of the original posting was a touch early, the overall thesis and larger market structure is intact...

11...no mental stops 12...no guessing 13...no predictions 14...no hoping 15...no assumptions 16...no ego 17...no opinion 18...no bias 19...no bottom / top picking (= 12 + 16) 20...no averaging losers 21...no widening stops to give a proven loser more room to work itself out somehow...

jimns - I just wanted to mention I appreciate your attention to detail. Please keep us posted on how this works for you.

a couple of helpful suggestions... Trust the method. All this jumping around with new indicators and settings is the manifestation of your lack of trust in the SPM. You can do this in a day or a lifetime, the choice is yours. Accept the SPM will win some and lose some, it will have good...

Snarly - the prodigal son has returned ! Glad to see you have returned to your senses. Welcome home son :p beeflover - the fundamental SCT gaussian for an uptrend day: buy the open and hold. This way your always in the market, and on the right side as well !

First step is to always assume the new position is a loser until proven otherwise. In which case the goal is to lose as little money as possible on the failed attempt. It's the mistake of falling in love with an unproven new trade that causes all sorts of basic trade management mistakes...

...1 sees the truth and profits from it, 99 think they know the truth and fail...[/B]

I see a few basic problems with that backtest.... Some of the best entries setup pre-market and trigger right around the open, filtering based on 10:00am is not a valid filter/rule for the system as originally presented. Signals from the 5 minute MACD are not a good representation of the...

Thanks for the props :D I agree with bumble as well... Dalton's "Mind over Markets" is an excellent orientation reference to formalize your understanding of the basic theory and language. MP is such a foreign concept to the traditional canned charting package offerings. The run of the...

$VIX daily chart updated thru Friday's close...

Updated chart through Friday. Zoomed in on the daily candle chart of the dow with the $VIX line chart, going back to the July 2006 low. Remember this is taken within the context of the larger 2 year / 5 up wave channel shown on the previous charts posted. This zoomed in view lets us focus...

MP is as simple or complicated as you choose to make it. Try this exercise for 1 week: Set aside all the books and web-pages and other stuff your reading about MP. At this point there is so much conflicting information being pushed out on the subject, it will just confuse you. Set up 5...