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I use Jacks methods at times and theyve worked for me..Im by no means a 'follower' .. but you have it wrong when you describe him as just preaching another channel theory.. The core of his method ( at least in my eyes ) that Ive never seen before is his forumlation for volume dryup and how to...

theres tons and tons out there..very specific in fact just go to the first pages of the journals and it will have links . I managed to find and read everything in a couple weeks. Lot of people knock Jack,,sure hes a bit eccentric and grumpy at times but his technique works. Dont...

I think you were closer the first time

percentage wise the tumble we took would be more comparable to the bigger fall from 2004 which then had a nice rally ALMOST to the previous high but then went on to a new low instead. I would think thats more likely.

We're really at turning point here. Neither the bulls or the bears are controlling this YET. If you say otherwise you;re just blindly fooling yourself. The bears had their fall...the bulls had their rally back to resistance ( which ALWAYS happens so theres no 'win' there - its like the...

ive been thinking the 1350 area..though not because of EW but because of trendlines/fibs and support. Look at the 06, 05 and 04 corrections and they all have a second leg down...its rare a correction doesnt do it.

my guess on apple.. we gap up tomorrow to about 97 and that becomes the short term top..we then correct back down to about 90

im just going to play devils advocate here.. there are hammers everywhere on just about all the indices. when they happen at the top of a rally thats usually not a good sign for the following day . I think we're going down this week... not a new low or anything...but we'll test the 50%...

I should also point out in case you'all think Im taking all sorts of risks here that I dont have that much in this... Just 400 shares so its not that catastrophic. Also if the market doesnt correct soon Im going to bow out for awhile..all I can see right now are bearish signals so Im not...

hey I was just looking at the daily charts and it gives a high for today as 96.73 ??? My intraday doesnt show anything of the sort..its showing 95.75 as todays high. Anyne else seeing this ?

I did my backwards ass hedge strategy :) Sicne Im not set up for options ( yeah I know..) I went long an equal number of shares as we crossed 95 . So Im balanced out and once I feel we're going to correct I dump the long positions and it will only take a couple points for me to be in...

well we just hit the last possible bit of resistance at 95.5 If we break through that then definately going to 98

my problem with this run apple is having is theres no increasing volume...and what volume there is inst even up to its daily average ( about 30m) Apple tends to drop off sharply when its correcting and not form a nice round top. Stock_trad3r ... knowing that you are a long term investor...

Im still bearish on Apple short term... I believe its going to correct. Volume is still weak...stoch is overbought...top of bollingers... I dont swear by indicators but its nice when they confirm. Watching this volatility at 95 is quite fun. I shorted another 100 shares at 95. I may...

I think you needed a little more patience my friend. When i started trading I had the right direction most of the time..but I was always a little early so I would get out for a loss when the move wasnt immediately in my favor..and then like clockwork just a few ticks later I would have...

So you think the $VIX can stay at this incredibly low level for yet another year ?

I think you're misinterpreting what most are saying. I havent heard anyone say we're entering a bear market or that the bubble has burst..I certainly havent. Most are simply saying this correction ( of which we get one just about every year) is not over.

Thanks for responding by the way I dont completely disagree with you. I do think we are in for further highs but I still think we have one more leg down in this correction before we see them. As soon as we hit that trendline that extends back to 2003 I see us climbing to new highs...

okay I thought I was going crazy for a moment... good to see you're all crazy as well.

the real question is... just how much is the RE problem priced in ? Obviously it is..anyone with any experience knows that. But are we ready for how bad it COULD get ? Doubtful Right now the subprimes are dying and the rest are flat. If things extend past subprime , which based on what...