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I just read the intro to the system by Curtis. He answers all the questions I brought up in the previous post. He confirms my intuition, they are trading much more elaborate systems... Very interesting. Thanks again Acrary.

Acrary, Thanks for the link... How can we know if the guy who put up the site is legit? Also, if they were sworn to secrecy by Dennis (as per New Market Wizards), then why are they suddenly open about their method? My take is that they do not trade the original rules anymore and that...

DSF, Your list looks interesting. ABC has a decent setup, with a break of short term trendline and the break is occurring in a downtrend after a weak pullback. A caveat though is that all of these stocks have been in extended downtrends with the best short entries already gone by. A lot of...

That's a great question to ask oneself. mav.

There are a lot of threads discussing the value of sharing winning ideas that allow 'inefficiencies' to be exploited. One really heated one was by Vladiator if you want to check that out. There's one thing that I've never seen anyone bring up here or in any of my finance classes: The...

The anticipated pullback is underway... I believe this has the potential to turn into a resumption of the uptrend or a lower top that would set up the market as a good short. Waiting and watching... Maverick

Your qqq example on gamma scalping was excellent. I'm sure quite a few members have already picked out some good ideas from your posts. A couple of things that ran through my mind as I was reading the thread: - Higher priced stocks with larger intraday ranges and liquidity offer more...

Opm, I wish all ET members could have the positive spirit you displayed above! :) I agree with you that the other patterns seem to be molded out of the original Pesaventos but I haven't read Carney's book either and accordingly cannot draw any conclusions yet. Not to mention that you have...

Al, Thanks for your insights. I could not agree more with what you wrote. I was actually in the process of writing something up, but since you wrapped it up so well, I just let it go. Indeed, I was struck by the 'fractal' nature of the setup in the S&P when the mini butterfly formed over...

Al C., thanks for posting charts showing the patterns in action. That should be helpful to many seeking to understand the geometry in the market. I was wondering if you also looked at daily time frames too on the major indices. This is what I see so far: The S&P cash is currently...

I read Techniques of a Professional Commodity Trader by Kroll which I thought was a great book. Granted, he traded in some of the best trending environments for commodities, the 70's, but his approach of trading with the trend is worth internalizing. He doesn't talk much about the precise...

I think your point is a good one, however, I would add this to it: As surfer said, it's a funny game this one, you have to have the confidence to build different scenarios in your head for what might possibly happen. That takes a lot of confidence, and although knowing that you don't know is...

Yeah, I came across some thread on this guy and couldn't help but laugh at all the wowsas and powsas. really funny stuff. that kind of stuck. I don't much about him other than he's the rule the freakin markets guy, right? I hope i don't find myself letting those wowsas out in my...

Surf, Looks like the real 2B is now in place, with the SPX out of the way. I was looking at the dow which was too restrictive. Also, it seems like Gann was maybe a couple of days late on this one...? we were close to a fib ratio of the previous decline in time, 13,14,15... then as waxie...

Trajan, Good to see your active and posting, I like your posts. I'm not sure if a long vol option position is always a poor choice. I'd tend to think that there is a time and place for everything. If you buy a three month option which is in its 10th lowest IV percentile and expect a surge...

Surf, Pay no attention to the look-what-you've-done-told-you-so crowd, who obviously have the graciousness of a foaming pit bull in their posts. Of course, you only know what is best for your position and as a community member I encourage you to keep your spirit up and not to let your...

Salut Harry, You mentioned the 7557 level and I tried decipher what you meant in your other thread...not sure i got anywhere though! Did you mean that if the 'perfect' number is not respected the next target will be? or something like that? Enlighten us, Maitre, :D Maverick

I couldn't agree more with your last statement. The geometry and fractals that exists in the market is still a mystery to me, although I realize that there may not be a hard and fast explanation for them. Chaos theory maybe?... (HarryTrader, Please don't post on this thread! :p , jk) I caught...

Surfer, I'd also be a buyer at this level, with a stop right below Friday's low. That last reversal on volume seems to setup the Dow and Nasdaq as 2B buys. Maybe there'll be good enough news to fit the pattern, I'm looking forward to this week's developments. Good luck, Maverick