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Nice projection so far.

LOL

I will be trading QM tomorrow from short side

Also 5 contracts?

Of course magicians have secrets, if you knew how they do it, then you wouldn't go & pay to see them perform those tricks, why bring in Babcock into this? Jack is a failed magician. It's like buying a book "Best magic tricks revealed" & not be able to do any of those tricks in a live environment.

3m looks weakening 7.52am

I treat Jack Hershey as Marx/Engels of a trading world, people may invest thousands of hours reading & seeking the truth only to realise that it is all but a sweet dream. In this life there is no such thing as true perfect, close to OK, but Jack is trying to sell the idea of us able to achieve...

That's what I am thinking, support may well come in today to create a bounce, but after that bounce completes we drop, that's basically what weekly's allignment with monthly means to me. A bounce is very possible, if these patterns were always as straightforward as indicator crossing the line &...

DOW30 right on TL support, but I doubt there will be strength there as weekly histogram has already crossed its centreline whilst SPX's is just above it. Apex, Spooztop where are you guys?! Hello! :) <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1963040>

Monthly histo - bearish Daily histo - bearish Weekly histo - declining towards centreline=watch out!

OK, S&P500 is looking weaker to me at the moment, histo in C's weekly chart is very close to the one of S&P500, so it is reasonable to expect C going down with the index. Rising histo & RSI making sharp oversold troughs with combination of huge volume in C (see chart) does indicate to me that it...

Weekly histo near centreline & with monthly chart's histo bearish & daily also bearish we can see 1260 SPX in 2 trading sessions. Let's say a quite prayer for the bulls. Buy1Sell2, I didn't notice whether you posted a reply to my question or not, I was asking you why you made a decision to...

Because huge money is being thrown at markets on daily basis & quite a big chunk of this money is short term speculation emotions will be present, especially so whenever there isn't a strong trend present. So instead of using 1 average, I would suggest using 2 & not pay attention so much to ever...

Words of wisdom

ImPO we have a decline next, no idea on what sort of volatility, we'll see anyway, at the moment we just have to wait, obey the rules :)

Spectre, what makes you think that the green channel is indeed a channel before it matured? Just because price is there at the moment doesn't really constitute a valid channel, only a vision of one based on previous support level. I am not certain yet, but I think we might be going lower...

I don't understand reasoning behind this one at all. 60/120/240 do not look bullish, surely this is a longer term trade, but based on what? Seems like either a rushed trade or late to the party ImPO

Last 1/2 sold b/e, that 3m's histo pattern is 'lethal'

3m histo pretty bearish

1/3 +2.75 Long 1356.5 with 50% position, stop near 1354.5, hard stop -10 off 5 & 10 histo C'MON YOU BULLS!!! Scale out target near 1364 Scaled out 1/2 +3 due to 1m's uncertainty