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Yawn. Leave it to you to think that there is a strong correlation between the Economy and stock market performance.

I didn't even have to OPEN up the thread to know WHO posted . . . Please tell us how much Baron pays you per post? And . . . Do you get a "bonus" for crossing 7,000 posts? :D

Still looking for some sort of an entry point to take advantage of a move to new highs for the sequence. Thus far, lots of 1-2's and not much else.

Should see ACCELERATION into the close if the Bull is any good here!

And what "right" call would that be? The one where he buys the QID at $43, or the one where he averages down to $42? 39.63 last, Bro. :eek:

You still don't get it do you? But then again, I keep forgetting that everything with you is a "paper-trade". The market was off HUGE earlier, but the NDX was "strong" relative to the DJIA. Thus, as soon as a "bid" came back into the market, guess what happened to the NDX...

Dow Jones - 133 But the QID is +.06 cents! 39.64 LOL! :D

Thanks guys!

Anyone using the above monitor from SCEPTRE? Anyone using the 22" ACER that is also on SALE for $199 and free shipping? ( Model AL2216 ) http://www.newegg.com/Product/Product.aspx?Item=N82E16824009094&cm_sp=DailyDeal-_-24-009-094-_-Homepage Any recommendations?

Yes, CHK has a very high debt-to-cap ratio which has increased from 47% at the end of last year to now 57% as of Q2. The latest sale of the Woodford Property to BP for $1.8 Billion ( closed today ) and should help them lower their ratio. Meanwhile, DVN just used proceeds from the sale of...

If you don't use trend lines, aren't open to exploring the use of fibonacci, then what do you deem to be a significant technical tool? Just wondering.

Victor is a GREAT teacher, especially when it comes to classic Dow Theory and confirmations, or lack thereof. He was my first boss out of college. Hugo Securities, from 1984-1985. A very generous man. Saw him on CNBC last week talking about the leverage in the Commodity markets. Blew...

More STRONG GAINS today while the market tanks on poor financial stocks. LMT, LLL, GD, NOC, RTN, etc.

You left out one of the STRONGEST SECTORS on the board since quarterly earnings were announced in late July . . . DEFENSE!!!

Your comment above was quite typical of someone that obviously isn't OPEN to any realistic discussion on fibs. My post highlighted only 3 fibs . . . 38.2, 50.00, and 61.8%. I'm sorry that you are unable to comprehend that. My guess is that you would also have great DIFFICULTY in drawing...

Thanks Papa! Tell me, how would you play such a potential Hurricane? What stocks do you like? The usual . . . APA, DVN, CHK, PTEN, HP, NOV. etc?

If you have ever been a floor trader on a commodities exchange, you would be well aware that PIVOTS do indeed work, and that FIBS ( such as .382, .500, and .618 ) work as well. They are part of several technical tools used by TRADERS. My guess is that you most likely don't use any technical...

Why not do some "homework" and provide some data to support your claim that fib levels are meaningless? My guess is that you are unable to do so because you don't fully understand how they are applied to actual technical analysis of the market.

Here's my contribution from last Thursday's close, using a combination of a "measured-move" and a .618% retracement to confirm that the market was ready to rally and that 1264 SPX was strong support. Please bear in mind that the market had gotten crushed last Thursday as the SPX fell 23...

As someone that worked for PTJ back in 1986 just as his fund was taking off, I can confirm that pattern recognition, measured-moves, and fib ratios were extremely important to him . . . And as Pabst so accurately points out, it's how these fib sequences are APPLIED that's important. Given...