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there are several on the TS forum fwiw, i think they are relatively weak, which is why i pay extra for investor RT with the market profile option.

whatever you think of rennick - it was a PERFECT call. props to him. furthermore, it did not come from a permabear type who has been calling to top 50 times and getting blasted each time give the man his due. he waited and got it exactly right

professionals think about (before they enter a trade) how much can they lose, and whats the probability of winning vs. losing amateurs think how much can they win (a KILLING) and get rich guess which camp tends to make money in the futures market?

if you are going to watch util's, keep an eye on bonds. bond strength (lower rates) is good for utils. the 30 yr is over 107 and the yield on the 10 yr notes is right around 5% after popping up well over it rates go up, utils will charge down

i use market profile. cbot has a nice PDF file to introduce people to MP

"When I see all three RSI readings in the 90s, I know some sideways or some corrective action is near. This did not work in late April and all of May 07, but 90% of the time its worth paying attention to. When all three and under 30, its time to buy, as long as price is above 50,100,200...

but if you want to go back and check you will realize we have had these divergences many times newbie traders LOVE divergences. but making a trade decision solely on an AD divergence is ridiculous, and not a robust methodology

what's your point? yes, it's a divergence. divergences are nifty, but what does that tell you in regards to trades and or investments?

NYSE short interest has continually been making new highs that says a lot

also, i find the title of this post telling the dow was down 1.05% today that's a "big down day"? have some perspective 2% or more is a big down day. you are using a frame of reference that doesn't take into account the character of markets. 1.05% may seem like a "big" down...

which is part of what's helping the bull market NYSE short interest hit ALL time high recently for instance

DAX dropped 200 pts on bernanke announcement. if you don't watch foreign, bonds, institutional capping, etc. yer at a disadvantage the 200 pt DAX drop happened long before the dow drop a serious tell

"I don't think true mentors charge their proteges. However, vendors do so gladly. Perhaps not in every case, but on balance I think that a vendor is a mentor's evil twin." i don't care too much about semantics, but i guess this doesn't make me a "true mentor" since i charge my trainees...

the observation of the OP is valid as an analysis, only if you have a myopic viewpoint many (usually losing ) traders extrapolate from recent history to generalities perfect example is the crude/stock correlation last year and for a bit before, oil prices and indexes were roughly...

the correlation, last i checked is roughly 90% there are (to some extent) different stocks within each index. thus, they don't move the same why is that hard to understand?

YM is based on an underlying index of 30 blue chip stocks it is PRICE weighted ES is based on an underlying index of 500 stocks. it is capitalization weighted

i filter profits from my trading account every week. that money goes into gold, silver, bonds, blue chips, collectibles, etc.

"1. You really find MP helpful, huh? I have heard alot of great things about it, and looked into some basic educational materials on it, but from what I have seen on MP charts I could just as easily tell it was chop on a candle chart as on a historical MP chart? Does that make sense? I...

look. of COURSE you need edge that's a given. but frankly, it was not very difficult to develop a methodology with an edge. i have over 15 setups (some might only happen every few days) and all have statistically backtested and reality tested to have significant edge. that was not the...

personally, i concentrate about 90% of my trade volume on one market (YM). (i do investing, but that's investing not trading. when i trade, i mostly trade YM) if you are going to concentrate on one market you must either 1) be able to adapt to different market environments 2) or only...