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Do you see everything in black and white ? I was vocal on shorting rallies the past few weeks and I made out really well with it. The market followed the fibs very well thank you. But "I" never said we were in a bear market.. Today I made money long on momentum plays JSDA and PDLI...

I surely hope you jest... the last time RIMM gapped down like this was followed by many further weeks of downward movement.. go to late Sept 06. You're amazing in how you make every event fit what you want to believe. Gaps this big rarely get filled quickly

Whew... so far looks like a 10 pt gap down today...

I dont trade futures..only stocks and I have found that by lunch I either close out my positions or put in stops and go about my day. Several reasons why - I dont have the patience to sit in front of a computer all day when the sun is shining and my convertible is calling - I run two...

you yourself say that you are in this long term and you dont daytrade..so why dont you stop watching the price everyday ? Thats like staring at the teapot waiting for it to boil.. FWIW I usually lose money on choppy days like this but BAC has been good to me today... its sucha weak...

hmmm I seem to recall, in the not so distant past, you saying the numbers were all factored in which is why the market was going up even when the numbers didnt look so hot... If the market went up today you'd be ranting about how the numbers didnt matter...like you did last week :)

luckily the fibs have been working quite well so far... 78.7% stopped the S&P, 61% stopped Nas and Dow. Dow held at 38% and if it closes below that expect to see it drop to at least the 23% S&P has paused right above the 50% but more than likely will see at least the 38% Nas has...

apple has now made a 100% retracement from its latest move up... is it tiime for this bull to run ? Ive covered my shorts and Im now long 400 shares Am I crazy ?

Umm well yeah..and another sell off will come eventually as well.. Keep in mind you've been saying for over a week that we were going to new highs..you never mentioned another leg down first..in fact you semi ridiculed people who were saying we would have another leg down before going to new...

From what I understand regarding EW you have smaller formations within larger ones. So I guess we could look at the wave down in 2000 as a massive A Wave...though I dont think we'll be able to call that until we are pretty far into it. We've had plenty of corrections in the past couple years...

I would agree with your interpretation.

pivot points and fibs both work but not perfectly. The best set up is when you find a strong trendline that converges with a fib or pivot

Im almost speechless at this post... Do you care that you're contradicting yourself ?

you need a better broker then.. Try mine. www.doc_brown.com :)

looks like we might be having a new leg down fellas :) Ill be bizarro Stock_Trad3r and say SHORT EVERYTHING... 100% room to go down ! ..heh heh Edit: for those who have no sense of humour.. that last line was a joke. But todays action is further confirmation that we are going back down...

Im completely unbiased here.. Ive read enough of Hersheys method to see hes smart and that his system has validity. Its not the be-all-end-all. Its another tool. As for why he lost in some contest..who knows..everyone has a bad run at times. Maybe the competitors were better? I...

Yes I am denying the importance of semantics when it comes to a incorrect choice of words. I understand how the Hershey method works..I ackknowledge it works. I understand it is not predictive . I used the word predictive..shoot me. As for Jack being into semantics.. I have a lot fo...

i dont follow it closely enough to know about those claims. I spent some time learning it and now I selectively use it ( whic obviously goes against their 'rules') The trends lines of FTT as they call it..are standard TA procedure..nothing new there. The volume dryup and breakoput...

not taking either side here when I say this but its easy enough to test Jacks method yourself. Theres a list of the stocks on their watchlist. It gives the dryup volume and the breakout volume so you can just check yourself if it works. Doesnt take much time...

yes poor choice of words.. but your response is indicitive of why some people make fun of Jack and his methods. Act like an adult and dont get caught up in semantics