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I have to agree with the majority here who contend that doubling down per se is pure insanity. However, this post raises an interesting question ... After a series of breaches through consecutive support or resistance levels, do odds favoring a significant (profitable) reversal increase or...

Great calls wave. Well done.

Well said smilingsynic.

np if it had been :) Was just going to say, I think in this case the "news" (i.e. fear) may be more of a guess as to why oil is down again today. But still, the explanation does have some merit given the potential clouds on the horizon.

Fears of slowdown. (sorry, late response) http://www.newsnow.co.uk/newsfeed/?name=Oil+Prices

I think he meant ET ... ("this" website). Correct me if I'm wrong.

Thanks crgarcia. He does some T-bills, not sure to what extent. Good idea though. Thanks to the rest of you guys for your responses as well.

Thanks brownsfan. Had a feeling it might come down to that, but wasn't sure.

Keep the faucet open.

Dow cash hit support.

Just because the market isn't open doesn't mean folks just like you aren't entering fresh orders at all hours ... opening prints reflect matching of the latest order information.

My father, who is quite conservative, likes to spread some of his money among CD's at different banks. Lately he's getting nervous about the possibility of alot of banks going under, given the current environment in the mortgage and credit markets. So he has asked me to help him try to find...

Was curious how you played this out. I hope you remained "like water".

Anybody holding thru the w/e?

I'd kinda like to see YM tag 13300 or SPX 1440 (or both) before looking for a bounce.

If you have something constructive to contribute please do. Otherwise, this cheap shot name-calling is getting old.

All in fun bro, no harm meant. At the risk of sounding ignorant, I have no idea who this feralsewerboy is, or what you mean by CTer.

Thanks.

Those "many, many other doctors" turned out to be quacks. Earlier, the doctors who were actually on the inside inspecting the patient were eventually forced to close him up after no tumor was found.

..not to mention cats, dogs, hamsters, rabbits, goldfish, and oh, out of respect to Haroki ... gerbils too! :D