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Hi bmwhendrix, What way is the trend? What price behaviour gives an indication that the trend 'might' be close to an end? Are you looking for a swing high or a change in trend of the market? How do you know the difference? Gringo

Db's eyes are a sight to behold! :D Gringo

You are probably right. Considering the pre-Christmas low participation, it's easier for indexes to do all kinds of stuff even to this day. Gringo

Hi Db, In the 1930 analysis by W, Dec 30 is given as a day for entry. Could Dec 24 be considered a buy entry as well? I do understand the Dec 30 entry and how it's better than Dec 24th entry. However, in real time the Dec 24th comes earlier and we don't know whether the lower entry of...

Niko, I like your posts. Your thoughts are getting streamlined. Keep up the work and enjoy the trading. Gringo

Hello MadeMan, In this thread Db has posted comments dealing with situations when there are no support or resistance levels ahead to guide. If you're interested enough you'll have to sift through the thread yourself. Considering the importance of the topic it wouldn't be a waste of time...

wtf=what the f'k. It's when price out of the blue just drops dramatically. There is a pause in drop usually for a few seconds to a minute where the trader goes WTF just happened. The plunge then resumes dramatically again. Those with experience and alertness have known to take advantage of...

I had heard some time back that quest trade would do that. Swift trade as far as I understood was a proprietary trading firm where one used their funds. It doesn't hurt to ask. Gringo

Oh yes, that time of the year, and then there are Octobers. Gringo

Price is close to the top of the trading range as far as Q's are concerned. I don't know what's in store but this is where we stand. If price stalls here we could get furious drops but demand has shown significant resilience today. Is a BO in store soon enough? Gringo

QQQ gives the same message but isn't exactly the same as NQ. QQQ Weekly: Gringo

If Q's are pushing above the trading range. Demand showed some serious intent by recovering all the drop from the morning. If the demand continues to stay solid we might get some break outs. AAPL is looking like there might be chance for a BO from this congestion that may be a hinge. Now...

Thank you Db. Maybe you should start a literary journal as well, and I am sure there shall be something for all to learn: ~~~~~~~~~~~~~~~~ If the mountain will not come to Muhammad... Meaning If one's will does not prevail, one must submit to an alternative. Origin The full...

It's from game's journal: http://www.elitetrader.com/vb/showthread.php?s=&threadid=264682&perpage=6&pagenumber=74 Here's the chart you had posted: Gringo

Hi Db, Here's a quote from you: Those who trade stocks understand that price need not fall in order to find support. Price can also move sideways until support catches up to it, as in this case. Given how futures move, this is generally not an issue What does this really mean? If price...

Niko, I don't think your thinking is faulty. Perhaps just not as quick as Db's is. When we were in chat today, I also waited for 36 to break before accepting down move was underway. 40 for me although was clear as a place to go short but previous bounce from 36 had me also wondering...

For a RET to happen there has to be a BO or reversal first. BO -> then RET REV -> then RET This further implies BO out of something, and a REV at somewhere. These are the potential s/r levels that cease to be potential and become real at the edge of the trading range. Gringo

Just for fun. This looks interesting. It's a continuation of the move started in Mar/Apr of this year. Lets see how it behaves. So far it's looking strong. We'll have to keep an eye on that potential resistance around 90 and the general price behaviour. Because the real base is way down it...

How do you plan on making any money without any suckers around? Gringo

SLV is showing serious signs of a fatigued demand. The probability of price going up has become lower, significantly so that I wouldn't want to be in SLV at all on the long side. The fact that price couldn't even reach the previous swing high around 24 and dropped back like a rock after...