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I think this could be very very useful(especially for equities). You can use the Gaps to indicate when IT trends are changing. That was a big question of mine. If we break the right side of an IT trend, how do we know it is creating a pt 3 for the long IT trend or the start of a down IT trend...

Thanks a lot Jack. That is a very impressive trading log. I am not at SCT yet but I will get there eventually. Therefore, i will hold off on tradign gaps as you suggested. Your prior posts is what got me to be more conscious of gaps. You always seem to just pull another chapter out of your...

Scratch the Gap comment. We broke my right trend channel and had a nice move down. Glad we got some movement.

Of course, if we break the right side of my IT channel with volume, we will get a nice move down.

I have us approaching the right side of my Intermediate Trend channel. We are also forming a FTP on this IT trend. The last 2 times we hit the right side of the channel, we gapped up overnight. My question is do you think we will gap up tomorrow morning into new highs? I am debating on whether...

You always have a much more focused perspective. Could you please go in more depth of the EOP(Executive office of the President) and how long it might take to get the economic viability back. Although it may be selfish, i am more curious as to the relationship of volitility and economic...

moneymoneymoney and Adonos, Thanks for the numbers. It really gave me a good perspective. We could be in for years like 94-97. I really hope not though. I guess i should start working on learning how to trade low range days. Back to the drawing board. thanks again.

Just a few thoughts. I think you are saying that the big money wants to see Bush(Republican) get re-elected. Therefore, if the market goes up, then Bush is much more likely to get re-elected than if we tanked and did not make new highs. Do you think that the smart money can continue this trickle...

This is the basic way i trade. Their are only 3 types of trends; lateral, up, and down. I want to trade every type of trend. You want to be long for an uptrend, short for a downtrend, and slalom short the high side of the range and slalom long the low side of the range for lateral trends. I feel...

Thanks. I appreciate the guidance. I hope history does not repeat itself like the 93-97 period.

Could you please give your reasoning as to why Bush being in office leads to less volatility for the overall market. Just curious. thanks.

I was hopeing that somebody could direct me to the AVG daily ranges for the S&P 500. I read somewhere that it was 1.5% the S&P value. I hope these past 2 months are not indicitive of the rest of the year's volitility. At my level of trading, it is hard to make great money in ranges less than 10...

Grob109, You mentioned that you have a beginner that is starting to scale into winners. Could you go into more detail regarding scaling? Could you also maybe relate them to the different Parts so that I may have a better understanding of the Parts. I have an inkling of what you mean by...

TGregg, Sorry about that. I posted a copy in the SCT Trading thread. I would really appreciate it if you would delete that post. JC

Grob109, You mentioned that you have a beginner that is starting to scale into winners. Could you go into more detail regarding scaling? Could you also maybe relate them to the different Parts so that I may have a better understanding of the Parts. I have an inkling of what you mean by...

Since their are people who cant comprehend what Jack is trying to convey, i will try to summarize to my best what I understand of Jacks' posts regarding the BO and FBO using the YM/INDU spread. His posts are usually a tough read first time around. If you really take the time to understand it...

You and srvz are absolutely correct. He has my deepest respect. jc

I have been someone who has given my all these past 8 months really trying to get down what Jack talks about and has been learning from him in ET, MSN, and the Chatroom. It has been a very tough journey to say the least. I really appreciate you bringing up these points as i was very closely...

Are we going to break out up? The 60 min time frame looks like it is forming a FTP. I was wondering what other ET members think about the possibility of a BO UP this afternoon.

While I was reading the interview with Mark Weinstein in Market Wizards, I noticed he mentions individual stocks and their personalities(connections) with the overall market. His example was IBM and GM will usually rally before a major market bottom and Fail to rally before a major market top...