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Real Estate as a percentage of household assets now carries TWICE the weighting that the stockmarket carried back in 2001 for the average household. Real Estate is just starting to come off and probably has a 12-18 month stretch of correcting prices and weakness. As it is now, construction...

Crude is in the process of "cracking" . . . Very helpful for the market leadership broadening out! 10-year note now at 4.87 :)

This is the "grinding" sort of rally that keeps going, and going, and going . . . and next thing you know it, you fall out of your hammock because you overheard someone telling you that the SPX was over 1300! Great environment for technicians that position trade. :D

I assume that you will be using a dual-output PCI graphics card in order to attain this?

Very true on all accounts. Bolling is the only one that I would really give any credibility. He's been on the NYMEX floor for 18 years that I know of. In a lot of ways, he reminds me of a "young" Art Cashin. If you listen carefully . . . you can get a great idea of what is really going on.

Exactly. :)

WRONG.

Agreed on both counts.

You still continue to miss my point: We have a market of STOCKS and not a stockmarket. I don't see how your claim would even begin to apply to sectors that have been in such strong uptrends as the integrated oils or the refiners, let alone defense stocks, brokerage issues, or big pharma...

Given that most trading platforms these days run very "thin" and don't require a lot of reading and writing to the hard drive any current processor that you chose should be just fine for your trading needs. Don't get carried away with splitting hairs. As the previous poster stated, he is...

How is the intermediate trend DOWN in integrated oil stocks, refiners, etc.? How is the intermediate trend DOWN in the brokerage stocks? How is the intermediate trend DOWN in something like Bank of America, Lockheed Martin, or Pfizer for that matter? You talk about trading individual...

A very famous and legendary commodity pool operator once said, "What is obvious . . . is obviously wrong!" Good Luck.

Were you not the person who just asked what the current P/E was for the S&P 500? Asked and answered my friend. And yet you then criticize the operating earnings number saying that it is manipulated . . . only to then claim that in the end all that matters is price. If so, then why even...

I believe that the median historical P/E of the S&P 500 for the past 132 years is roughly 11. The median P/E ratio of the S&P 500 for the past 50 years, from 1955 - 2005 = 17.

Most "astute" traders that I know of who have been trading the financial markets for more than a decade or two would be listening to the markets performance this week ( the best WEEKLY performance since Nov. 2004 ) and not place themselves standing in front of a "freight-train" . . ...

I am amazed that a trader does not know this. The sub-15 P/E on the S&P 500 is for THIS YEAR! Operating earnings per share for the S&P 500 are estimated to be $85.73 for 2006 vs $76.45 in 2005 ( Standard & Poors Corp. ) Thus, yesterday's SPX close of 1263.20 gets you a P/E of 14.73...

:confused:

Exactly! It's difficult to look for a crash when the S&P is trading at a touch under 15 times earnings . . . Meanwhile the "E" portion has continued to grow. Also of note, the market just finished its best WEEKLY PERFORMANCE since November of 2004. The 1280.38 weekly highs of July 2nd is...

You are missing the most important concept of the stockmarket: IT IS A DISCOUNTING MACHINE.

A clear direction??? Not settled until after the next Fed meeting? What is it that you need to see in order to initiate a trade? I'm sorry but I would beg to differ with you regarding the kinds of moves that we are seeing currently. One does not have to be a daytrader in order to...