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  1. O

    Holy grail, does exist, but here is why we don’t have it

    Good points Grob! Of course for day traders everything is in the now. But for position traders, now is just for evaluating the progress of the position verses what was anticipated. Position traders do make targets. How else could they apply the risks vs. rewards.
  2. O

    What happened to NVDA late today?

    I like the SEMI sector too. They were washed out during the last correction. I only bought AMD just above $20 and the SMH.
  3. O

    Rising wedge in SPX?

    Maybe you are going to find some thing to trade. If nothing meets my critieria I watch. And, my criteria does not involve triangles. Just passing along some info...
  4. O

    Rising wedge in SPX?

    There are many types of triangles: contracting and expanding. most people just notice contracting triangles. Triangles can occur in the middle of a correction, just before the last thrust of a rally. And if a contracting triangle, ED, at the end of a correction or rally. Also, if what...
  5. O

    Rising wedge in SPX?

    But very few really know how to read them. So they give a major edge to those that do. Having the edge is the name of the game.
  6. O

    Holy grail, does exist, but here is why we don’t have it

    ET phone home :)
  7. O

    Holy grail, does exist, but here is why we don’t have it

    good term ... 'read'
  8. O

    Holy grail, does exist, but here is why we don’t have it

    Exactly!
  9. O

    Holy grail, does exist, but here is why we don’t have it

    Hi Wolfe, Ah, but your just touched upon another part of the human psyche, knowingly or unknowingly. One can NEVER get too confident. Staying tuned in has its term in many sports: being in the 'zone'. If one just observes and reacts to their observations they'll be okay. But when one...
  10. O

    ES 1380 by October?

    True ... time will tell. But the fundamentals are now favorable for stocks. Whereas the last two years or so they have not, and the market still crept up. How much did the market gain between spring 2004 and summer 2006? Looks like 4% in the SPX...
  11. O

    Objective Elliott Wave............

    Actually, he may be discrediting the Elliott Wave on purpose acting as a contrary indicator as he does.
  12. O

    Holy grail, does exist, but here is why we don’t have it

    The price patterns are actually a reflection of these "emotions". The market is all about investor psychology. The patterns reflect this psychology over very short to extremely long periods of time. As I see it, there is an overriding psychological cycle that last for years at a time. A...
  13. O

    ES 1380 by October?

    The 4 year cycle has bottomed. The FED has paused. The Middle East has simmered down. The economy has softened. Crude is stuck in a trading range. Inflation is leveling off. What will generate another heavy selloff ...?
  14. O

    Holy grail, does exist, but here is why we don’t have it

    Wolfe, I completely understand what you are stating. The future is predicated upon the present and the past. The markets are very technical these days. The reaction to the news is more important than the news itself. There are perfect entry and exit points, not necessarily the highs...
  15. O

    Rising wedge in SPX?

    Have you guys quit on your wedgies?
  16. O

    Holy grail, does exist, but here is why we don’t have it

    I'm still looking for guidance from the aliens :)
  17. O

    ES 1380 by October?

    Food for thought. While the bears have been selling into this rally. Look who was buying at the lows.
  18. O

    Holy grail, does exist, but here is why we don’t have it

    In who's world?
  19. O

    ES 1380 by October?

    I take it you are part of the majority
  20. O

    ES 1380 by October?

    Does he still post?
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