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Or even for a swing trader, the 100 pt V reversal in the ES over 48 hours:

Ah, I think we're talking about trading here, not investing. No one said that V bottom was the low for the next 20 years, or even the next week. But for a trader that was one terrific (and rare) V reversal. A 60 point ES drop straight down and then straight up in 3 hours certainly qualifies...

At that volume, you you should be leasing a CME seat, so you don't have to pay the CME's full retail fees (which have nothing to do with your broker's commission, as that $3.50 is a combination of CME fees and your broker's commission). Leasing a CME seat would save you over $4K per month...

Ah ha! The challenge to a duel has been laid down. Will Stefan step up, or cower away? Does Stefan have anything substantive behind his naysaying, or is he only an expert at saying what won't work, rather than what will work? The spectators are filling the stadium with a hushed murmur...

Excellent work, Shakira! The only small addition I would make is that there was a significant up trend line (UTL) running along those pivot lows leading into the HOD. Although Anek didn't mention trend lines in this specific postmortem analysis, he does use them. If you wanted extra...

What I found particularly curious was that the cascade down below last month's low in the ES was done during lunchtime (typically low volume), and the reversal was a V snapback - not a double bottom with push and pull base-building. It certainly looked like an orchestrated move to take out...

Is English a second language for you? What part of "reversal" don't you understand? Would trading a reversal mean going short after the market's dropped 15+% in the last 6 days? You can lead a horse to water, but.......

Well, to be fair.....all the perma-bears (like EMRGLOBAL, who was predicting a cataclysm this morning on this very thread) keep saying the same thing too. All those who keep making worthless predictions (Dow's going to 14,000! Dow's going to 5,000!) are a waste of time. Traders trade what...

LOL.....Stefan....are you a believer yet? 500 pt. reversal in the Dow good enough for you? A "V" bottom no less. Must have been orchestrated by those lunatic moon worshipers (otherwise known as the PPT). :D

Hmm....he specifies a "panic low" somewhere from Nov. 5-16, which has confluence with tonight's full moon. A change in direction soon? BTW, I'll point out that astrologers and other purveyors of the paranormal experienced a nice increase in business during the Great Depression, as people...

Yeah, enough with this deflation crap. Housing prices down, commodity prices down, stock prices down, etc. Free money will do the trick. What we need is some good ol' fashioned inflation to get things going the right direction again! :)

Are you an economist, or trader? Traders just need correlation. Causation doesn't matter. Who cares whether it's the moon that causes changes in direction in the market, or whether it's the market that causes changes in the phase of the moon? :D

Yes, I certainly agree....based on his contributions to ET elsewhere, Yoohoo certainly is no yahoo! :p

Yes, and then he should delete yours because your predictions are about as prolific and inaccurate as his are. :D

Sorry, but you've got to go one step further back in the food chain. It's the trial lawyers. Frivolous lawsuits (which the plaintiffs' lawyers never expect to reach court anyway) raises the costs for everyone. All the lawsuits (and defending them, or more often settling them) raises the...

.....and the third. <img src=http://elitetrader.com/vb/attachment.php?s=&postid=2167539 width=800>

.....the second..... <img src=http://elitetrader.com/vb/attachment.php?s=&postid=2167531 width=800>

Here's the first entry on Friday..... <img src=http://elitetrader.com/vb/attachment.php?s=&postid=2167529 width=800> click on attachment to enlarge

Yes, a very understandable priority. :p See you Monday, after your weekend conquests. :D

Hey what happened to all the SPM afficionados? Where's T28 (or at least his latest incarnation)? Did ET finally figure out a way to get him permanently banned (I hope not)? Did Jack hunt him down in Australia? SPM still looks to be working well even on a choppy day like yesterday (except...