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Fortunately to maintain the Bullish bias of the other sentiment indicators monitored, this ISEE call/put ratio only managed a 200 reading by days end, which is not a spike similar to what occurred in prior spikes and market tops.

I do see a spike high in early August, and August was a down month. Interesting.

Commercial Net S&P 500 short positions are being dumped: 8/19 -42,157 contracts 12 month low: -55,506 8/26 -36,403 9/2 -31,912 9/9 -28,761 9/16 -17,671 9/23 - 3,686 So, while the Rydex fund switchers are buying bear funds at a clip last seen in August 2004...

Here is another sentiment indicator that comes from American Association of Individual Investors (AAII). The ratio at the bottom at extremes is a good indicator of market extremes. Recently it was at a low point which historically has corresponded with market lows:

Here is a longer term chart of the Rydex Nova/Ursa Ratio vs. S&P500:

The 40yotrader thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=10237 and he made it work: http://www.elitetrader.com/vb/showthread.php?s=&threadid=21579

Also I never give the market much chance of any downside when the Bears are short the market 5 times more than the Bulls in the Rydex funds. Need to wait for a meaningful rally and a dumping of the short funds and much higher level in the Rydex ratio before the market falls.

My analysis of the UofM sentiment is when the value is low as it is now (pre Sept = 76.9%) the market is in a buy region. When high as in 1999-2000 it is a sell. Notice that we are now at a level that was last seen in 2003...a good buy point. Also notice early 90's...another good buying...

Here's my wallpaper in real life: Corvette Z06

If long why the stop at the high of inside bar? If stop at low of inside bar, then how did you get stopped out?

I have one that works great and will sell it for a good sum of money. Now why would I sell it? Because I have some other systems that are much better! :D

I have a Dell 670 workstation with dual CPU's and 3 gigs of RAM and with a 30% off coupon, I think it is a great computer that has handled anything I've tried so far, for a very good price.

The market is going higher? The market is going lower? ---------------------- That's the question?...well depends upon the time frame doesn't it. Shorter term over the next couple of weeks I would expect a pullback. But after that I fully expect to see new recovery highs in the major...

Here is someone that purchased a system that was followed on Futures Truth and then refined it and if you have followed this at all has gone on to make it work very well. http://www.elitetrader.com/vb/showthread.php?s=&threadid=10237&perpage=6&pagenumber=1

I suppose most people think of an "indicator" as using price in an attempt to determine the probable direction of a market. However, please remember that not all "indicators" are based upon the underlying price of the market that is being traded. I have several systems that do not use price...

How about tracking the signals from the various market timing people? Try www.timertrac.com

Here is an interesting site: http://members.aon.at/tips/moneyMan.htm

http://www.maxtrader.net/

Here is some software...free version available. I have used it with some Tradestation strategies and it worked well. http://www.adaptrade.com/

This will tell you what is available/new in TS: https://www.tradestation.com/support/whats_new/tradestation_0810.aspx