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It is like a high noon showdown for next two days, If you still long look on 15 min chart for start of topping formation. Trendline was touched but not broken so we should be ok pending tomorrow and Thursday 12:10-12:40 est window.

If 1570 level holds tomorrow and there is no significant intraday top around 12:15est , then I see another upside move as very likely. Another intraday cycle will be completed around 12:45 est on Wed. 10-26 and if overbought conditions exist at that time, that price level will be very...

That will be great! I love to get humbled. I have this movie in my head where you are sitting in your garden house and picking your notes from a shelf, deciding what to post..

Just a word of caution. Above will not work for daytrading Indexes. Especially if open gaps.

1/This could be as simple as Limited Partnership or joint account. 2/Partners must agree on entry and exits before placing trade. Exits can be changed after mutual agreement. If only one has priority decision either on entry or exit, blame game is sure to ensue quickly . Been there . The...

Everything isnnice and dandy. breakout came as thought it would. Longs can sleep for a while.

I would like to hear more about what do you mean by a strategic vision ? I do not want to jump to conclusion but do I smell some forward projecting around here ?

Based on taday price action, I am not too optimistic about substantial upside move. However there is important intraday cycle due for completion after 14:15 est Wed.. I would like to see intraday bottom around that time to confirm further upside. We will see what will happen. 15-20 cents...

Price closed up so cycle is completed. Tomorrow there will be correction from 1557 area, but if price stays above 1542, there will be more upside this week.

Yield on bonds is per year no matter what maturity. In your example, 3month Bill earns 3.6 per year, not for 3months.

Charlie, You completely misunderstood me. I know that there are methods to read price direction, I have developed some of the best either by myself or with cooperation with others. I was refering to AG markets only ,on intraday basis where consistancy of my methods was much lesser then in...

Recent Nasdaq down leg of its cycle will be completed on Monday. If price will not rebound strongly next week ( 50% of recent decline ) I would not buy longer term.

Are there any simple consistent techniques to read price direction in AG markets ? I do not think so, especially TA only based methods. Cycles and predictive methods work best on stock indexes IMO. If there is something like AG index that would be a different story.

You are correct in the sense that price cycles exist. I have done extensive research and method development on cycles and know for a fact that market cycle methods which uses straight symmetry or constant ratios work only in about 30%. Same for ElNino, astro stuff, electric...

1/ Do you have to be right on all major indexes or it is possible to chose and then use just one ? NDX seems to be the best suited for your deal. If only NDX or QQQQ can be used it sound very possible to go over 60%. 2/ I think that there is more to it( in your method ) then just being at...

+ or - compared to what ? Today's close ? I might have something for you .

Well, you pretty much summarized how to develop decent system on previous pages. To increase quality you can go academic route or take the practical use one. In either case some people will learn something. If you feel like it you can post something on how to trade DAX.People keep asking me...

I understand. I was troubleshooting trading method for my client and suggested adding filter to the method to bring down number of trades and increase profit . It worked and everyone was happy. This Friday he emailed me your post which he misinterpreted saying """ We better increase the...

Nice to see you back . Just a little caution for beginners. Above example does not apply to real trading exactly as is written.