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  1. L

    Call me crazy - I want to buy banks!

    If you were speaking to me Brendan R, I wouldn't touch a bank stock primarily because I am not someone who is interested in equities. There are those who are and the OP suggested that although the big banks were rather toxic, there were smaller banks and/or banks that thought 'smaller' that...
  2. L

    Call me crazy - I want to buy banks!

    This is an article from the folks at Risk Center which some of you might find of interest: February 25: Industry Risk - Amid Crisis, a Select Group of Banks Improve their Standing with Large Companies --------------------------------------------------------------------------------...
  3. L

    Call me crazy - I want to buy banks!

    Nice recovery. lj
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    Iterative Refinement

    Guuci, Let me reciprcocate by saying that the JH post you reference is just superb. It is lucid and very much to the point (several of them actually) and I would strongly recommend it as great reading material for anyone. lj
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    Iterative Refinement

    A. I was not aware romanus, that a spike bar could not be an IBGS bar based on my understanding of the definition of a spike bar, which definition you extracted from Spyder: "Try using Price comparing Close and Open to the High or Low. In other words, Close closer to the Open than to the High...
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    Iterative Refinement

    Quote from ljyoung: Hey guava. Do you think you could post the chart that you were discussing with dkm? -------------------------------------------------------------------------------- Quote from guavaman: Thanks to R/R I am now able to oblige. Aside from looking like a 'naked' spike...
  7. L

    Prechter Recommends Short Covering

    Yah. That's our Bobby - the quintessential perma-bear. However now he's saying to cover them shorts. I lost a disgustingly large amount of money 5 or 6 (I'm still trying to blur the misery from my conscious mind) years ago by blindly (and I mean blindly) following the recommendations of a...
  8. L

    Prechter Recommends Short Covering

    Emminently so. Just ask him. In this case I think Prechter is also making a reasonable call. FWIW, I agree with both of them but as always it's that old "But when should I do it?" thingy. Do what the floor traders do. Redeem half of your position if you can't make your mind up. That...
  9. L

    Hmm. Wonder what's next.

    This from the FT: JPMorgan cuts dividend by 87% By Julie MacIntosh and Francesco Guerrera in New York Published: February 24 2009 01:20 | Last updated: February 24 2009 01:20 JPMorgan Chase surprised investors late on Monday by slashing its quarterly dividend by 87 per cent to...
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    Iterative Refinement

    Hey guava. Do you think you could post the chart that you were discussing with dkm? Sounds like you and the other cult members who have reported back to the thread had a great time, physically, intellectually and quite possibly spiritually as well. There are many of us who for whatever...
  11. L

    Call me crazy - I want to buy banks!

    I think you are referring to UBS - the Swiss big-boy. lj
  12. L

    Call me crazy - I want to buy banks!

    FWIW I've been a USB depositor for many years and these guys are so tight they would make a Canadian banker, let alone a Scotsman (Oh RBS, how did it all start and when will it all end) look like profligate spendthrifts. So if they really didn't get too much into the subprime swamp (ALWAYS hard...
  13. L

    Software Used to Trade Jack Hershey Methods

    Mod completed and it works as you described LT. A very sincere thank you. lj Edit: There's actually another 'new' IBGS just to the right of the one annotated (the EOD one).
  14. L

    Iterative Refinement

    Thank you Mr. B. for showing what you were talking about. You are not trading off the tape and thus what you described in your earlier post makes perfect sense. lj
  15. L

    Software Used to Trade Jack Hershey Methods

    Thanks LT for your help. I will do the modification over this weekend and post the findings on this thread. Regards, lj (Laurent)
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    Iterative Refinement

    Mr. Black. Indeed you can never be accused of bland recitations of perceived dogma. You very frequently have something new and intriguing to say and sometimes I agree with you and sometimes I don't. It is the discussion that counts, IMO. One of my greatest difficulties in moving out of the...
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    Software Used to Trade Jack Hershey Methods

    Hi LT, If you're still up to tolerating my programming ineptness, I've inserted a jpeg file which has my query about which 'remove ...' to comment out. TIA lj
  18. L

    Iterative Refinement

    I hear what you are saying palinuro. I've thought about doing that myself but haven't taken the plunge. Clearly, using the 24 hr Globex, as described by the CME, gets around the gap crap at the 9:30 open. What has held me back is the other point I was trying to make having to do with the...
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    Iterative Refinement

    C'est vrai, mon ami. C'est vrai. lj
  20. L

    Iterative Refinement

    And once again the 4:00 to 4:15 time spot gives us a new low for the day and we're back to where I was at the start of the blather du jour. Now there will be a 15 minute nap and then the Globex day starts anew at 16:30 EST with a longer nap coming up from 17:30 EST till 18:00 EST during...
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