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Agreed - TA still works, but because it's largely self-referencing now it's a lot more complicated than it used to be. Simple formations used to be more reliable because there was less feedback in the system. My opening statement for this thread was unfortunate; it does imply that TA...

I know nothing about RE, but what kind of % were you looking for? You can margin a short on any stock and double your money if housing tanks.

No pity. We all have problems. Some people die of starvation 6 mos. after coming into the world. I've seen a reference to GEB on this site before - accompanied by a D. Hofstader quote to the effect that 'behind the mask of order is an eerie disorder, and beyond that disorder an even more...

You're talking about a pretty sophisticated style of trading; the more power to you. My main concern is the longer-term implications of what I perceive to be a drift away from fundamentals. When systems change they usually don't simply transmogrify - they collapse, then arise from the...

No. Due to vision problems I can't read for extended periods. I've been turned off books because it takes me half an eternity to make my way through one of them a paragraph or two at a time. Is that an Escher? Beautifully apropos. Thanks. Oops - There it is right in the web address.

I think that our ponderings might be more applicable than mere philosophical rambling. If you accept the notion that the whole market collective is drifting away from fundamentals (and it appears that you do) you won't be as inclined as those who take the current market rationale seriously to...

Unquestionably program trading is a major contributor to the new trading rationale. The first explanation I heard for the crash of '87 was program trading. '87 was ostensibly caused by a cascade of triggered stop-losses that were loaded into computers around the trading world. In answer...

Actually, Tea, I'm not suggesting that TA doesn't work anymore - just that it's less accessible by way of being much more complex than it once was. The reason that it's more complex is that, in the good ol' days, TA was based on stock movements motivated primarily by ordinary investors'...

Once upon a time TA was simple - and it worked. When TA traders referred to simple consolidation patterns, multiple tops/bottoms, volume-trend patterns and other such unsophisticated chart phenomena they had a definite advantage over the general - and generally disorganized - investing...

I went through the $887.00 gold peak in '80, and the crash of '87. At these extreme moments - "market limits" - one's natural impulse is to either freeze or panic. It's as though the market is a universe unto itself, unconnected to any natural law. There appear to be no "limits" except...

Re. your first point (as excerpted here): prices will stay within the BB's 95% of the time because the BB's dynamically adjust to the volatility of trading. If this is remarkable, it's in a mathematical sense - that volatility is so integrally related to price range. The psychology that...

Too bad. Sure could have used some wrong advice. Seems the right advice always costs me. Best of luck.

Do you see further consolidation here 390.00 - 400.00, or do expect a push through next week? personally, I shorted golds today in the hopes that Al Qaeda will be quiet over the weekend and mini-corrections in gold and the USD Monday will cause a lot of these golds currently hugging the...

They are clueless, but if you're masterminding your own straightforward equities trading you can bypass your broker. The biggest problem I've had with TD is that, even with a well-margined account, after 5 trades they have a Rep review your order - obviously fatal in a fast market. Up to...

OK - so forget TD. In October I placed 2 orders for 200,000 + @ .305 and .21 and couldn't get a break. (two worst trades of my life!)

Glad you're not offended, HT. Looking forward to your dissertation on BB's; they seem to be one of the better indicators - especially when coupled with RSI. Incidentally, I'm not completely deluded; I'm aware that I've been talking through my hat through this entire thread. I just like...

OK. Half a trading day tomorrow. Good luck.

Probably nothing.

Try TDWaterhouse @ 1-800-387-1722. Press "0", then "2" to get a Rep. Explain your situation to the Rep who can pass you on to a manager; the manager has the power to negotiate; if the deal's too big for the manager, he/she will pass you on to somebody who can handle it. I use TD because...

I was in such a hurry to respond to the first part of jbtrader's post that I didn't get the interesting notion presented in the last paragraph ( where the actual question is posed ) . " What are the psychological principles behind the standard deviation numbers?" . Why does greed generate 2-3...