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You're on the right track imo - - but change has got to start from the top - or forget it. Since the idiots at the top are, well, educated idiots (the worst kind of idiots) there is no hope for the once mighty GM. Steve

LOL The market died - just awaiting the burial.

Don't think so....TN has (downsized) Saturn (Spring Hill), KY has Ford and Toyota, both downsized - TX has GM (Arlington) and Toyota (San Antonio) for now. They just keep shrinking.........brainiacs in charge still sending work over seas. You'd think the college degreed educated idiots in...

Not sure if we bounce from here or not, or if we test Friday's low, then bounce. Or even if we keep crashing. Personally, I think it is time for a bounce - but I also thought that last Wed, Thu and Fri too lol Lately the market has been having intraday moves in 60 minutes, that normally...

1) Hire back the U.S. workforce they laid off over the last 10 years or so to build the cars. 2) Start selling a lot of cars right away. Good luck.

You mean there's a company attached to that stock? :D

Price usually chops around a flat moving average much more so than a trending one. As such, a flat moving average tends to lose it's value as a moving support or resistance. But when a major ma like the 200 trends, and price repeatedly finds it a resistance as it currently does - at least on...

If hookers are what you're after, there's no need to add to your loss trading SPY. The chart plainly shows the trend is still down and keeps confirming the 200ma is a formidable resistance. Buy at support, sell at resistance.........but where is support? Who knows? Might be a bottom...

Why not just wait for a confirmed break above 200ma (red line) to buy? Good luck. Steve

What happens? You wished that you bet the entire farm, your folk's farm, the neighbors farm, and put everything you had into the trade.

You know what I'm talkin' 'bout! Steve

I can speak about one method I used to participate in while risking very little capital pre-market. First thing you need to find is a cheap stock - less than .50/share worked good - under .25 worked best...........the more money you're willing to risk, the higher the stock price. You...

Again, I am encouraging you to actually go back and watch his lessons - particularly his earliest videos where he teaches and speaks ad nausem on this particular subject. In short, a confirmation break consists of two CONSECUTIVE bars (in this case - lower) something that never happened here...

Just my opinion.................... The fact that the market did not zoom Friday when it knew there was a good chance the hurricane would hit the rigs should be the best indicator. Good luck to all longs - hope it zooms for ya! Steve

What I can say is that the break below 1289.50 was not confirmed. In fact, it bounced up - off *double support* (1289.50 area + rising 20ema). His lessons teach "don't short into a rising moving average". Again, this is a low risk strategy that repeatedly works. To answer your question...

Cool, thanks. I have used MACD with not much success in the past, but the way he uses it has worked a little better for me......but like you, for me volume works better too. MACD is used only as a tool, one that is used only for possible confirmation - - but timing it with MACD still...

http://globaleconomicanalysis.blogspot.com/ ........many are anticipating a huge jump in oil and gas prices next week. I do not know if that will happen, but I will offer the opinion that if it does not happen, or if it happens and prices quickly reverse lower, they will keep going a lot...

See, I'd be interested in seeing your comment. I'm always interested in others market opinions - sadly, he needs to filter comments due to typical idiots that often decide to post spam or otherwise derogatory bs, but please, if you can remember, please post here what did not end up posted in...

Anek, Look at the chart I posted. He gave these levels for the week, before the week started. As you can see by the chart, price consistently "did something" at or very near the levels he posted. His lessons teach what signals to watch for *AT THOSE LEVELS* in order to either remain or...

You all really should actually watch his videos and learn how to utilize his levels before you attempt to criticize something you obviously know nothing about. To those who fail to take the time to watch his lessons, thus fail to learn how to trade his levels, I would agree that they look...