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One society=no more wars. But that is just a utopia :) I wouldn't mind if there were no borders on this planet, one currency, one language, one religion, etc. in the end of the day we all share same origins.

What's that old saying about irrationality of a market? Just have to be patient if you think it's driven by BS motives. Just looking over on daily chart, it just managed to break away from a congested range where it's been trading for a long time, 20 ma is steadily apart from 100 ma. There...

For WWIII to happen don't we need an almost total destruction of wealth within upper classes? Perhaps we are almost there, I don't know.

What is/are the reasonings behind expectation that this is a false breakout? In the chart that I posted it clearly shows that it's a global event, ImPO Nas is set to revisit 1960.

No stop - hold bag, use stop - pass the bag :)

I don't look at COTs but I did peep at silver/gold ratio & it does look like silver is likely to start outperforming gold in the next cycle, which could be down as well as up :)

If indicators are liars, then what would you call support & resistance levels that didn't provide support or resistance?

Them megaphones aren't frequent behaviour intraday, are they? I don't recall seeing them as often as double/treble tops/bottoms or wedge type formations. Correct?

It is still a bull. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2684497>

ImPO I see Daily chart in a bull flag, histo keeps rising, expecting at least a re-test of 1220s. Prior to that I see another dip to establish intermediate support within 1070-1050 area, which I anticipate to be jumped at by bulls to take to 1220s or even higher :)

Here we go, here is a final version from 1 July 09-25 December 09. Clearly we are still bull across the world :) Composite includes: FTSE100, DAX, SPX, NDX, HANG SENG, NIKKEI <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2684086>

Final version will be adjusted by %, the idea is not to follow 1 index, but to follow a composite index, which ought to provide better indication of turning points/continuations. Global economy :)

I wanted to create a composite for a while now & here is the basic version of 6 Composite index (FTSE 100, DAX, SPX, NDX, Hang Seng, Nikkei 225). It is yet to be adjusted by %, this is just a basic chart based on weekly close values :) 1 July 2009 - 25 December 2009 <img...

Whether GOOG was volume leader or not it is rather obvious the intention was to force the index above resistance. You can also see last time similar volume was a while back :) <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2683829>

but volume in NQ prior to breakout was rather huge, was it not?

That wolfe looks busted :)

That image is not so hot Pek, when markets were crashing that indicator was showing a buy for a long time, would you have held? I wouldn't. Merry Xmas :)

do you recall that monthly chart I posted dax at 8000 & pointed pullback all the way to 4000 according to how I measure divergence based retracements. Markets started selling off, arrived at unacceptable fundamental lows & now they have to get it back to fundamentaly acceptable levels, which are ...

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2680229>

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2678129>