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startraitor, what technicals are giving you a bearish bias? I have a large timeframe bearish divergence. Critical level IMO is 960-962.50 within the next couple of hours. I'll be looking for a bounce from here to hopefully bring us up to ~970 again so I can get short with lower risk.... first...

My feelings that we're in for a much deeper decline come largely from the charts, but fundamentally its very plausible too. What we have and will continue to have is credit tightening that will bring down the US and Europe. Asia doesn't have these same problems though. So while they'll get...

That would be pretty in line with the 90% market decline during the great depression. I have a similar long-term outlook as you B1S2. Regarding where the money goes, I don't think the asian indices will fall as badly, and when they do eventually recover, they'll have the most epic bull-run...

Liking this setup now.... short 977.75, stop 980... target 970.50 Pretty textbook trade if you follow practical EWT at all.

I hear ya on this one... I have an order sitting to sell 978.75 (got missed by a tick a few minutes ago)... stop 980 :edit: its looking like I'm not gonna get my fill... trade canceled, but good luck to you

The problem is that upper management makes egregious sums of money booking short-sighted gains, while consciously demolishing the company long-term. Then when the shit hits the fan, they've already made their money and they leave shareholders holding the bag. Now leaving shareholders...

Not convinced this is the top... didnt get the bar I was looking for... and since I need to go to bed I covered 1 at 945 and trailed stop to 948 on the other.

Short 1948.50, stop 1951 ...willing to try this trade twice

Nice overnight short zone here 950-955 on ES... final target a little above 900. I'll post up if I take position.

On the large time frame I'm seeing a consolidation wedge... usually a continuation pattern. I was hoping to see the market get above 1100 to position short for a move below the lows but its questionable we'll get there. I'll be getting short near the top of the descending trendline of the...

I think the main difference is lack of live trade calls... Apex and MBusch and JSSPMK would post their trades often (JSS still does). I for one only use the journal to better understand price levels. These price levels that your perceive as trying to "top and bottom catch" are just areas where...

sure seems like S/R levels are hit or miss in this market... yet they respond very well outside RTH. It must be the result of a lot more institutional activity in these markets (who don't trade AH... then traders take over).... like lawrence is saying

This could be the short-term bottom before we blast higher. 951-953 has lotss of confluence on my chart although the setup would still be valid down to 942.

HOD 1067 Now for the retrace before we blast higher... see post above

940 - 950 zone looking good for a low risk, high-reward long tomorrow AM. 100+ point target if we bounce from there... 1120-1140 final target before we slide off into the abyss again.

I only find it useful when huge size shows up because you know where a handful of inexperienced traders just got positioned... being able to judge if its real size or not definitely has an edge.

You can only fool the market for so long by pumping this liquidity. Theres only one way to fix a borrow and spend problem... and when 70%GDP is national consumption.... I fear another depression as well. There was a small time period back around 1150-1200 where they could have staved this...

First resistance levels (there are more above, but these have high probability of being reached) SPX - 1070-1080 DJIA - 10350-10450 NDX - 1585-1625 ... within the next month at most

Interesting stat... 60% of gaps larger than 2% have the market close under the open price during the same day.

Interesting. Do you think this is a common entry or exit practice for institutions? We all know large size often accompanies turning points. From what I've seen this large size is more often then not fade-able... not by a large margin, but there is definitely a relationship there. For...