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I do see what you mean there and it is new territory. I will go ahead and take my call and may we both be correct. GL today

Another note: While IBM is down this morning another large component of the DOW is GM which happens to be up 5% this morning. I usually don't factor in the auto guys because that market is a whole different world and I don't like to trade it. Kind of like the airlines, I don't like them either...

Just changed them, I did see the first one and started to trade it but I had to get my son off to school and did not get in that trade. Just be careful on the long side I am a little skittish on it. I will still trade based on my plan but will not hesitate to exit at first sign of reversal...

Yes, I just finished and this is what I have right now. Long 1261.50 Short 1251 Lets do it....ES is up this morning but QQQQ's and IBM are down in early trading. I tend to use IBM because it is a large component of the DOW and where IBM goes so goes the DOW.

Evidently my subscription is still on. Afshin called me the Friday before Rich took over the mentorship and offered me a free month so I could check it out. I said fine, went in there one time and was bored to tears. I haven't logged on to TI since. I just logged in there and saved a couple...

yes it does, very strong support The way I trade now I don't have to look at this beacause it really doesn't matter but I still like to see what MIGHT happen in the future.

here is the second chart. I don't know how to upload 2 in one post.

I know but these charts don't look too rosey for the near future. I like to look farther out a lot of times even though I trade intraday these days. Old habits are hard to break.

I'm looking at a variety of charts and we could see a larger sell-off before a bottom. The number of shorts and people going to cash in their mutual funds is now increasing. It has been over the last three trading days. We are only very oversold on short term levels and on the medium term...

Here is what I am seeing for tomorrow. This may change depending on trading through the night but I think I have an alternate long trade just in case. Long 1253 - LOD monday @ 1255.75 Short 1246.25 which is .5 below LOD today to I don't really know Alt long 1260 to the linear regression...

LOL, it seems my stupidity always seems to come in a hurry. It really looks to me like a continuation to the downside but the way I trade I don't have to care whether we go up or down. I try to cover both directions and let the market tell me what it wants to do. Looking at the daily candle it...

any of you ex TI guys still monitor Franz. I was looking at Dave's chatroom while ago and he was telling people to listen to Franz' voice the next couple of days and see if there is a difference. I would like to know what is going on with him. I am not trying to bash him or TI but still...

That is why I have not responded to Saico as of now. I also think we are going to be looking farther out. The last chart I uploaded was the daily chart. Man it does not look good for the bulls right now. I think tomorrows trade is going to take some thinking. I see some very good possibilities...

Holy Crap look at todays candle...

Saico, Did you take the short you called yesterday? Would have waited all day but once it got there you would have made points quickly.

I use Ninja Trader and I have mine programmed for targets at 2,3,4 points. I just click the one I want. So I could turn it around pretty quickly. Any time I get nervous I hit flatten all and I am out. I don't do it often but I am not nervous about doing it.

Based on my BB theory I would have gone long at 1267.75 as marked on my chart. Would have taken 2 points.

I didn't take any trades since this morning. I really haven't been watching the charts very much. That is the only way I can keep my money and not be trading.

Almost like everyone is on the sidelines waiting for direction isn't it.