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Depends. As Bill Williams said, "If you really are interested in getting enlightened, one way would be to go off to Tibet, crawl in a cave, and sit there meditating for thirty years. Another equally good way – but much, much faster – is to trade the S&P . . . " Trading can be an excellent way...

I should also point out for those who might actually be sufficiently interested in this to read the material *gasp!* that reading and study is not nearly enough. One must also engage the material, not be content with watching and following and copying. If one leans toward the latter behaviors...

Actually, children understand this much better than adults do. These are charts drawn by a nine-year-old girl:

For the SLA/AMT, no. As I've said repeatedly, the SLA/AMT is a primer, for the beginner and the damaged. If one not only reads it but studies it, he can develop the habits required for any trader: (1) accepting the certainty of loss, (2) thorough preparation, (3) planning, (4) discipline, (5)...

The snark aside, one ought to be able to "get it" in six months. If he doesn't, he should pursue some other route. Intellectual qualities? Open-mindedness in general, an understanding of human behavior, specifically what prompts people to buy and sell, more specifically what ignites greed and...

What's better for capitalism is not necessarily what is better for "the American pocketbook". We've seen clearly over the past seven years that the upper tiers have done very well for themselves while the rank-and-file has not. If the average American were fully invested, that would help. But...

Oops!

FYI: http://www.traderslaboratory.com/forums/wyckoff-forum/19107-trading-sla-amt-intraday-3.html#post196702 http://www.traderslaboratory.com/forums/wyckoff-forum/19107-trading-sla-amt-intraday-3.html#post196709

Sorry, but this is wrong. I've been reviewing all this, and we are at or very near target. This doesn't mean that we can't become overbought, and price may very well reach 2200 before reversing, but it might also tread water here. Of course, I don't know how you arrived at 2200. I missed it...

If by "pipe dream" you mean the idea that trading will make one a millionaire without understand how the market works and how and why price moves as it does, I agree. One has at least to understand, again, that price has two states available to it: trending and ranging. If he doesn't know what...

As far as the ES goes, this is all wrong, and I apologize. I don't follow the ES closely. I watch the quote out of the corner of my eye to see if the NQ and ES are coupled or not (most of the last few days, they have been very much uncoupled), but I generally chart the ES in the same timeframe...

You bet. And I encourage those who like to trade short on the way up to continue to do so. After all, that helps price to reach its upside target.

There's a difference between pointing out that the upper limit of the channel is 4450 and stating that we're going to reach it. Given that Auction Market Theory is a theory, one cannot state unequivocally that price is going to reach this or that level in advance. But understanding the...

A nice try, but drawn incorrectly, in hindsight.

Well, we got within six points of the projected target today after a considerable advance. And it didn't require a Ph.D. in math, physics, or computer technology. All it required was the ability to draw a pipe. Odd that no one did.

All the more reason to use a larger bar interval. If you're watching it in real time and nothing is going on, like the last two days, the temptation to find something that isn't there is that much greater. With a larger bar interval, this doesn't matter.

That's what Auction Market Theory is all about. Of course, not everyone would like to know what direction price is going to go and how far it will go. But some do.

I wouldn't be too eager. The ES has a hundred points to go before it reaches the upper limit of its trend channel, and it's unlikely that the NQ will reverse while the ES is rising. Not that the ES is required to reach 2200. So, yes, be alert. Just don't plan on a big, dramatic reversal on...

Wake up?

The market did, last April, and confirmed Wednesday. Of course, you won't see it if you don't read it. Or you could just draw a straight line . . .