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I am just surprised the article does not mention the "Kondratieff Winter" to sound even more esoteric and scary. Everything is possible. I am quite sure some perma bulls could come up with some very articulated projection of Dow 36,000 or 100,000 using Fibonacci's.....extension (1.618) ...

Oh yes, there are plenty of double tops.....after the fact, when one looks at the past data. We will know next week, I guess. Meanwhile, I stay with my long only systems right now.

Possible. But I think we are going to squeeze some shorts first, break up those highs, and then , when things look good, we get a corrrection/reversal (?). At least this is the way I am going to trade those levels.

Just curious why you said those at TradingMarkets.com are scumbags? Any insights ?

Yes sure heard a lot of screaming from shorts being squeezed, at times !!!

Could not agree more. If you trade a system that you have tested/optimized, with clear rules, including stops, then not respecting your stops (I am using time stops for my swing tades) just shows lack of discipline. It might work out a few times, but more often than not, it is a losing proposition.

I have an ethical question, which I find difficult to deal with. When short the overall markets, or long in oil or gold stocks, isn't there a kind of hidden wish that something bad happens in the world in order to benefit from that event? I am currently trading two swing systems which are...

I agree with you , Ron, that absolute ROI does not mean much in terms of real performance for the traders. Also, those concepts of Annual or YTD performance measurements are mainly driven by tax regulations more than any other reason. If you start trading a system on July 1st on year 1 with a...

It seems to me that , as for trading, one has to find the health insurance that fits its psychology. It is part of risk management. We all know that it takes just one major crisis (market crash/accident or serious disease) to seriously impact your wealth. So there is no right answer, just...

I also disagree with Smiling that placing an order before the fed announcement was gambling. Or to be exact, it was not any more of a gambling than placing a trade at any other time. As you said, Smiling, no-one really knows which side the market is going to go, at any time, and more...

Agree with you both, as far as the entry point of the trade is concerned. However, I think the "trading what you see" is more relevant for protective stops. In other words, if the price goes to your protective stop, this is where I would trade what I "see" (and terminate the trade) rather than...

I read things like, the public is bullish, commercials are bearish. Where does this information come from? Is it reliable? How do we measure public's bullishness? Thanks

Agree vhehn, in this new era of mass information with Internet, sattelite TV etc.., one has to be very skeptical on what is written or said. What really matters, as far as trading is concerned, is price action. The rest is all subjective and biased.

Yes, excellent article. Shame on those European countries and their culture of death (Death penalty, pre-emptive wars, etcc..). Oh, wait a minute.... !

Loser, Hooked2000. I just checked my Monthly Statement and I made 2 Billions in March ! :D

I do not remember the name of the site, but I have downloaded, a while ago, the turtles rules, free of charge. Do some research on the internet.

Excellent thread, indahook. I also trade systematically now and I could not agree more with the difficulty to stay disciplined and do what the system wants you to do. Actually, my weakness is still with me taking my profits a little too early, by fear of losing them all. I track , in...

He is covering !

Once again, I think it depends on your personality. If you are not a risk taker, big volatility might lead you to give up on the fund at the WRONG time, just when the system is about to recover from a low. Can you stomach the volatility is the question. If not, then a more prudent approach is...

Long 90% of the time here, on swing trades. Could not find a stastical edge with shorting yet on a 2 days - 5 days basis. Of course, this is only when the S&P is above its 200 days moving average.