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+447 points +$2,235 W -$170 L -$16 C -------------- +$2,049 Hi Tom, TY! All OK? Pretty good going if I may say so. Right, now the next step is to wait until the time daily histogram starts showing a weakening formation, this locked in gain will give me enough buffer to be wrong...

That's pretty good news. http://www.smh.com.au/news/world/bush-considers-embassy-in-iran-amid-dramatic-policy-change/2008/07/17/1216163059580.html

Opt789, it has been a long established philosophy that mass media's prime objective is to control majority, people that wish to think for themselves simply can't rely on mass media coverages, it's pure maipulation of our minds. Media is one of the most powerfull weapons as it controls out...

Monthly chart is King Cobra, always look for lower time frames to align with the monthly chart, whatever method you use. Alignment of multiple time frames strengthens probabilities. Looking at equity index's monthly chart, they are bearish, so look out for an alignment.

You subscribe to the belief that markets are random, that is your problem. So if they are random, then no matter what you do you wouldn't be able to derive logic from price action.

The main reason we have disbalances is because we don't like stability, humans are not machines, we get bored with repetitive processes, so we create new modules, which sometimes work & sometimes don't. Credit Crunch is nothing more but another module which hasn't worked in light of very low...

USA will probably merge with Canada & Mexico, just like Europe in time will merge & Asia & perhaps sometime in the future there will be just one state. Markets have always worked on positive expectations & always will. We create & destruct, there is no God.

Lower than $132? Did they discover more oil? Are we running out of oil or not? :)

ImPO it's a retracement, as monthly chart remains bearish, monthly chart commands longer term opportunities.

It's not hard, it just takes experience, like any other profession. What it means is that if the predominant trend is down & you short a retracement you are trading on the right side*. *Subject to various terms & conditions.

What? Don't ask a fella full of vino why, as I am short on because at the mo. Why Buy Lo & Sell Hi? Because that's the way of the world, all you need to do is widen the time frame. That's how wealth has been made & preserved for centuries. Some people will swear by consumption of alchohol...

Bingo! Spot on ImPO

Good boy, love you man! I am pissed, so what? This ball is just a sentiment analyses indicator, risk management makes The Ball worthy or maybe it doesn't, I don't follow The Ball, I just visit here, small losses turn into bigger wins, that's all that matters in this game.

Buy Lo & sell Hi have been driving markets for centuries, nothing has changed. I woudn't worry about fading a 50/50 probability.

There is an extremely thin line between hindsight & real-time participation, if we learn how to take advantage, then we learn how to make mega returns vs losses. It's about belief in oneself & risk control. It's just a game to screw with out minds.

Ahh, OK. I used to think the same looking at charts below 15m, the greater the time frame, the greater the opportunity, how you tame the beast is another matter. I have a journal going dedicated to that. Always a learner (borrowed quote).

Meaning?

You kow what I think is one of the key ingridients for wealth creation? Double tops & double bottoms, both offer small risk & huge profit opportunities. Excuse any typos, I am heavily drunk at the mo :)

Let's agree to disagree, markets will solve this one :) All the best!

Looking at charts I don't think bear phase is done, but shorter term charts call for a retracement, channels are good until they are broken. ImPO this is the time when bearish channel you posted stands a good chance of being broken.