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Well i mean we go lower than where we are early in the week....like 1050 :eek:

I think we break 1100 early in the week followed by some more aces from the govt. Then a rally back above 1100 by the end of the week. Sideways action between 1100 and 1200 for a couple of months before a breakout up or down....most likely down to new lows.

This is probably there next ace up their sleeve. Postpone mark to market for another couple quarters......wonder when they will deploy it. This week as we trade below 1100s?

In case one wants to learn more about Steenbarger, here is a blog that I find very informative. He is also a big proponent of market delta :) http://traderfeed.blogspot.com/search?updated-max=2006-11-06T22%3A50%3A00-06%3A00&max-results=50

agreed.....its absolutely uncalled for and is sickening. the kind of character that someone must have to make those kind of comments are unbelievable.

Nasdaq Composite Index looks to be forming a flat bottom pennant. If it breaks.....look out below.

This move since mid july looks to be a non dominant intermediate term traverse of the Primary Bear market. Once we start the next IT dominant traverse, things should get exciting =)

I have recently started watching market delta and have found it to be useful for guageing the power of the S/R tests. Will we bust through with sustained volume or will it be a failed break out. Still learning but like what I have seen with the Bid Vol X Ask Vol.

Same with me. Great trade by Tiki. The past 3 weeks looks like a possible pt3 for an intermediate term uptrend. Similar to a mid april pt 3........lets see what happens.

Break out Failed Break out

I have settled on Linnsoft.com for both MP and MD. NinjaTrader also has a good deal for MP from a third party developer.

I am also totally new to market profile(one month in). I can see 2 uses for market profile/Auction Market theory. One is to determine the intraday s/r and then use market delta to scalp around those areas and another method would be to use the long term volume distribution to swing trade. I...

Great cover.....Does this mean the sub 1200 blow off(black swan) is still in the cards or has AMT shown the odds are less probable now. TIA

that was a great laugh...thanks for that

Cool......Happy shorting!!!!

has he made a lot?

YOu have a very nice friend :D

Look at the BIG picture.

I think we have entered the early stages of a bear market. Most trends have 3 Big legs to it. I suspect this bear market will be no different. Currently, i think we are about half way through the first big leg down. We are probably going to see some end of the quarter window dressing this week...

I read in a book recently that a stocks movement is 70% dependant on the general market movement. What this means is that one should watch the general market first before starting to pick your individual stock trades. Timing is everything. If you are able to time the general market first before...