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HSI made your list...is that liquid?

Tony, What's your read on the Russell 2000 index ?

I agree there are lot of garbage out there... Any titles/papers you would recommend for multivariate time series analysis?

SPX looks better now...despite the volatility over the last couple of weeks, it has managed to make higher lows -- it seems similar to the April selloff and the recovery -- if next week doesn't totally bomb, we can expect a good end of the year rally.

Can a discretionary trader (not a blackbox or 100% systems trader) learn the market patterns through experience over the years (of course let's assume that he/she doesn't blow up in the meantime)?

gharghur2, thx for the detailed explanation. I agree that there could be one final push to the upside before the whole bull ends -- that view is also supported by the fact that we nearing the seasonally good (Nov thru 1st qtr) period for stocks. However there are some negative divergences...

gharghur2, Isn't it better to wait for the impulse waves rather than get in on the 5th waves as from all I've read 5th wave is the weak last attempt before the turn? I haven't used EW for trading for the simple reason that there are so many price points (for example, retraces can be 23.6%...

gharghur2, I'm not an EW expert, but looking at your dow chart, the question popped up why you don't consider the peak in DOW at the beginning of 2005 as the end of V ? -- i.e., DOW has already topped??

yep... two days wouldn't define you as a good or bad trader.

Ozzy / TGM : thanks, I'll give Ensign a try. Good luck with your endeavors.

just curious, which camp are you in?

i'm looking to get a chart program myself. have a question on Ensign.. can it track a price spread or a price ratio or some other formulation of prices real-time? i.e., a custom index of sorts? for example, "Price A x N - Price B" ? thx in advance.

what about for today :)

Nowadays most traders are used to narrow range markets. It seems these last few days have made a lot of people panic. Anyone here remember thanksgiving 2000? I am still fascinated by that episode...here is just a recap: Friday after Thanksgiving, nasdaq rallied 5.4% (149 points)...

so far last thursday's low has not been broken and it managed to have higher lows amid all this volatility and two re-tests. seems it will close about 9-10 points higher than thurs' intraday low. so i think it's still ok for a short-term bounce. Are we in October?

negative divergence indicating losing momentum which has kept me cautious over that past couple of months. also i had a target of 1164 for sp500 index when it broke the triangle on oct 4th (it came close but never hit) and that line will now act as resistance @ around 1211 (cash). <img...

??? please enlighten me...what do you mean by "fair value" ?

mkt was way oversold and it couldn't break previous lows set last Thurs -- so what else is new? .. when almost everyone turns negative this is what happens. When you hear 1300-1400 target on the sp500, it'll be time to short it. 2 days ago SP500 came up to 1190 and today it closed 1195 --...

we could see that year-end rally after all... (but i'm of the opinion that it would be the last and final push of this bull)

sell-off will accelerate after 2pm Beige Book...buy point could be tomorrow-- i'll wait. big question is whether the bull mkt is over.