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Hi LarryBF, I will let you in on a secret. For the NS, the market tends to move between trending and non-trending phases. My system uses a stop exit during trending phases and a stop reverse during non-trending phases. Primarily because during none trending phases the chance of a major move...

I have commented on the long term support for the S&P recently on a few different threads and my concusions are as follows. Next major support for the S&P is 775 Super major massive support at 658. My time targets to get this low are late September, but the 10th till the 20th is the...

MACD on the monthly chart turns up S&P 500 trades above 1177 Runningbear

When Cisco has a P/E under 30 When the S&P has a P/E under 15 When gold hits $600 Runningbear

I never call bottoms. next major support for the S&P 775@ Septemper 20th If we take out 775 then 658 is our price target. Never pay $12 bucks for a Big Mack. Runningbear

Hi Aaron, I'm really glad to here that your making good money using a completley mechanical system. I have been trying to develop something similar for many years now and feeling I'm getting pretty close to having a fairly robust system for the e-minies. You system seems to work in a time...

At times, you will always feel like reaching down the modem line and punching someone in the face, but the reality is that this is still the highest quality board for traders on the web, and I for one feel previlaged to have found it. I think you should stay. Runningbear

Vishnu Good post, although there are a few other things to consider. 1. The dollar may not be even close to a bottom. Sure a weaker dollar is good longer term, but if it slides too fast, it could add to the ugliness. 2. Your yeild estimate for 02 hasn't happen yet. And probably won't...

Hi Aaron, Could you tell us what software you use for constructing and backtesting your systems? Runningbear

Commisso, I have made several constructive posts on this thread, but I find it funny that Lundy claims to have been buying calls since the 22nd of June, and that he's making money from these trades. He claims to be holding three quarters of that position for a huge run up so whatever he's...

I just worked out how Lundy can be so sure about this bottom. He's looking at his charts up side down. Runningbear

I simply compare the percentage movements up or down. The S&P generally moves about 40% of the NASDAQs daily volitility. Yet at the bottom they were about par which is quite rare. Runningbear

You will notice when the volatility in the NASDAQ falls in comparison to its usual movement against the S&P, it tends to be a warning of a trend reversal. Tuesday morning was such a case. It normally exhibits twice the volatility as the S&P but monday the % down move on each was about the same...

How's this for a predictive trend. It's yeilded me about 8% on the Nasdaq since the 22nd of June. When Lundy is bullish, stay short. Runninngbear

If we assume that major technology waves tend to come along ever 40 years or so. And bring an investment boom with them, I think its fair to say we will not see another major top on the NASDAQ untill about 2040. This will probably be the result of some new technoloy wave that will drive the...

For anyone who is interested, cbs has a related article on this topic today http://cbs.marketwatch.com/news/story.asp?guid=%7B4BE83CBE%2D4010%2D4EBC%2D94EE%2DE069EA11C1FF%7D&siteid=mktw Runningbear

www.marketgauge.com Some bits are free other you pay for I think

Hey bbraunstein, You comments about the SOX leading the NASDAQ are true, but NASDAQ futures buy and sell signals can also be used to trade the S&P futures If the NASDAQ takes out key daily support or resistance levels the S&P often follows a little later. So you can get better execution...

Funny thing I find about Gann is that his most esoteric ideas tend to be his most widely followed. I think a lot of his stuff is just too cryptic to objectively evaluate. However, I have developed a very good trading system that is derived from a combination of a gann swing and a point swing...

Lundy, Can you give us an insight into your trading system. For you to be calling a bottom while the market continues to fall, I can only assume you must be using an ossilator or some kind of time cycle analysis. I'm just curious as to how you be so sure to go long. Can you give us...