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Chart for today:

Chart for November 27 2007

The similarity between the afternoons of November 16 and November 27 is amazing. Both times price retraced from a large leg down after which it broke out on high volume. Price then consolidates and breaks out to the downside, then price gets fanned and rapidly moves up towards the RTL, where it...

The afternoon of November 26th 2007:

Please open a Journal.

Price just failed to traverse and is moving up on lower volume, MACD histogram is positive and the Fastline just crossed over on the Stoch 5,2,3 and took out the 50 mark. I believe that this signal is referred to as a "Bruno R" in the Equities journal. Things look pretty bullish.

Great... Bloomberg is running two conflicting stories: http://www.bloomberg.com/apps/news?pid=20601087&sid=aPrwprvdNoQw&refer=home http://www.bloomberg.com/apps/news?pid=20601087&sid=aQYhYF8cFecs&refer=home

The OP listed seven common mistakes that cause market participants to enter into losing agreements. The list is valid and avoiding these mistakes is a great step towards profitability. It's a myth that someone carrying a degree in a hard science will be less prone to make those mistakes. Just...

This will indeed be taken as a bullish signal but it remains to be seen how the market will price it in. I say it's not going to be equivalent to a fed descicion but it is going to drive new buyers into the market.

In order for ID to be a scientific theory the designer and more importantly the process of design need to be identified. Untill that time Intelligent Design is no more able to explain how the bacterial flagellum came into existence then is the darwinian theory of evolution.

I think your train of thought here is fascinating. You propose that crime can be detered by directing an equal crime against an identified perpetrator. The paradox is that instead of detering crime, it is perpetuated through the law. If you truely want to eliminate crime it means you will...

I never made this claim. Re-read my post.

lol... it's a bucketshop run.

The problem with the statistical arbitrage method the market makers use to write OTMs is that they are vulnerable to volatility. We've had a year with several large takeover announcements that created risks that could not be hedged out by their business model. Instead of admitting this flaw...

I find the New Testament motif of the Living God having an experience of death to be a truely fascinating one of which the deeper implementations have been largely ignored by Christianity. Instead it seems most Christians keep each other busy by perpetuating the pagan idea that a god being...

Analists are watching consumer spending like a hawk as it's widely considered to be a leading indicator for the general health of the economy. Inflation, growth and unemployment numbers are low which will show up in this season's consumer spending numbers. What could be a major set back is a...

I suggest that any short term traders here learn how to position trade on the longer time frames as well. Overall profitability will increase if profits from a short term, highly leveraged trading style are roled over into longer term, lower leverage trades.

So what's the sell signal? The convergence of the moving averages? The same signal occured on your chart in may 2005 and the Nikkei had the largest rally in ten years.

Psychology 101: Lawyers are highly intelligent logical thinkers who without exception refrain from making common mistakes. Is this statement biased yes/no? - Now excuse me while I go cry myself to sleep on my little pillow for not going to law school and become God.

Whether you're able to recognize the market's patterns or not is irrelevant. The fact remains that I can see what you and others are are buying or selling and by how much. From this I can generate reliable signals to reverse. I couldn't care less about the believes of my counterparties. Even...