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The Tick is dangerous to use all by itself. Look at today for example. A 15 minute chart of the DOW shows a classic bottom formation, then we got 2 nice up bars, and bam, the Tick is over 1,000. Then it stays over 1,000 for nearly the next 250 points up! Even trading off of a 5 minute chart, you...

Whenever I see the DOW hitting intra day lows, down 100, 200 points or more, I think of the song "Free Falling". Something about seeing all that red on the screen. Another cool song related to the market on Jim Cramers radio show (I don't know if he still plays it) is "The Danger Zone". That...

If 475 bps of cuts haven't helped, what is 25 or 50 more going to do? Would any of the big investment powerhouses on Wall Street have predicted such a sluggish economy 19 months into a FED easing cycle? I doubt it. Also, for what it is worth, Larry Kudlow use to say a good rule of thumb is...

Great thread. BB's are one of the main tools I use in TA. You can't use them in a vaccum though. You need to employ other indicators to confirm a move you see on the BB's (on balance volume for example). One of the big mysteries for me when it comes to trading is understanding WHY BB's...

At what point do high open interest levels at a particular strike keep a lid on prices? Look at the QQQ Aug 24 calls. Almost 200,000 open interest with another 150,000 at the 25's. Talk about a resistence barrier. How do you use these numbers in your trading?

I'd like to see what Junior does when: A. More middle east countries refuse to let the US use their soil for a base of attack (such as what Saudi Arabia has done). If you don't get Turkey on board or Kuwait, where exactly does this "invasion" happen? Qatar? B. OPEC threatning an oil...

What specifically would happen to the world economy and to the US economy if JPM's derivatives exposure "blew up" on them?? I hear alot about it, but I've never heard the specifics of what would happen. Would the whole banking system "freeze up"? Where would interest rates go? I don't know...

Suze Orman is a great case studying of filling a niche in a market. Here's a middle aged woman talking stocks and financial planning in plain english (The courage to be rich, lol, couldn't be any plainer than that). She appeals to so many average folks out there, who don't know the difference...

If you're buying stocks right now, then I guess you don't buy the thesis of the US economy (and the markets) entering into a Japan style deflationary environment in the next few years, decade(?). Stephen Roach had an interesting piece today for Morgan Stanley about this...

Without the cover of the "war on terror", where would Bush's presidency be? In the toilet, no question about it. A double dip recession for the first time in 20 years? 3 consecutive down years in the stock market for the first time since 1941? Unemployment going up, confidence going down, the...

Cramers down 50%?!?! Incredible. Being paid money by Action Alert Subscribers (assuming there are still subscribers) and being down 50%. What a country. When Cramers portfolio was on RealMoney, I remember him being down 20% I think earlier this year.

dgabriel, Sorry, it is a weekly 5 year chart that I was looking at. Just the standard Bollinger Bands (20, 2 standard deviations). I don't have my software in front of me, I was looking at it on bigcharts.com. No question, it was the tightest it's been since the summer of '98.

Here's my logic: The VIX got incredibly low prior to this recent sell off. Look at a 5 year chart, and you'll see it touched the lower Bollinger Band, which is something that only happened twice before. Also, there was talk of the VIX becoming irrelevant back when it was in the low 20's for...

Brian Finnerty worked for CE Unterberg Tobin (sp?) When was the last time any of these bulls have been on CNBC? What happened to Ralph Acampora? Mary Farrell is another funny one. She's so @#%&* bullish it's insane. What happened to Mary Meeker? Bill Gross of PIMCO is probably the only...

The Wade Crook odyssey: Taxi cab fare $20 Real Estate Seminars: $2,500 Stock market seminars: $4,000 Wearing an orange prison jumpsuit: Priceless There are some things money can't buy. For everything else, there's the Crook Card. Accepted by Wade Cook worldwide.

This bear market won't end until a big perma bull goes into a perma bear. Have any of these perma bulls made their clients a dime in the past few years? Battipaglia, AJ Cohen, etc? Remember in '98, when Ralph Acampora capitulated right at the end of the sept/oct declines? That's what we need...

No retest? Naz came within 20 points of yesterdays low today. The DOW couldn't even close in positive territory. Not very inspiring action.

Almost all of the great bottoms in recent history have a retest within a few days or weeks ('74, '87, '98, '00 etc). There are some anomolies like sept 21st that went straight up. But retests wash out the remaining weak holders and they often cut through the previous low ('74, '98 for example)...

Bush won't go to war before the november elections. The Dems all ready smell blood with the Harken/Haliberton/Harvey Pitt is a stooge fiasco. I still think Bush is way too optimistic about this. Look what this latest market dive is going to do to consumer confidence, spending, GDP in the...

There doesn't have to be classic "capitulation" for the market to end a severe slide. Look at a chart of the DOW in 1974 (Bigcharts.com has it) It was the worst decline in the post war era. Look how many down days in a row there were in August and September. At the eventual bottom in October, I...