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Just trying to be aware of what has taken place with this chart below. No predictions, just review.

....just to add, I would only apply this retracement analysis for clearly defined one-sided(parabolic) moves such as the one above. Then you can look for "potential" support or resistance on retracement. In other cases when the move is not so clear I think this type of analysis is suspect.

788 low + 895 high / 2 = 841.5 which is pretty much were it found buyers again. Try to be aware of that 50% number for retracements. Not concrete always but at least its another tool for the arsenal.

I only really take notice if the daily chart puts in a reversal candle such as a Hammer or hangin man. Like the following link will show you that March 12th's strong reversal into the close forming a hammer on the daily chart was a tip off to this rally we have...

Been there, done that. One writer says that you are in for an eventual "forced awareness" where you will find yourself unable to trade anymore because of this behavior. Hopefully, you can shape up before that happens. If you blow the loss point initially you must without question...

I'd want to see corresponding VIX below 35 and Bonds plunge below their 20 day moving average area. If not, then remember how the market loves to fully retrace those big rally days like we had thursday. If it goes up then 850 to 870 looks as resistance for the S&P.. But anything could...

qloader(traders-soft.com) + quote.com data

* I'm fairly confident in saying that your entry is not precise enough for a 1.75 point ES stop. * You must either accept more risk(larger stop loss) or you must improve entry by only entering on precise prices that are clearly defined by current market supports or resistances. When the...

I said I was just playing around with the chart. Also, I pointed to the potential reversal yesterday in the previous post.

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Not really. I don't know where the market will go next. In fact I never hold any overnight positions. I just like to be aware of what the market is doing in the longer term. For example, the fact that the S&P found buyers on the second move down to 770(its prior low) is no coincidence...

These are NOT predictions. Just observations. So you prefer the drivel that goes on at this message board all day? I'm just looking at the current state of the market. You have something to add?

Daily

March 12th and new lows are made for this current move. The Daily chart made a potential reversal candle(hammer); caveat emptor.

I'm sure you made a killing on the runup in the S&P because you of course positioned yourself long at around the 790 area and nailed a nice 8-10 point trade. Am I correct?

The Broker you mentioned does have lag in the depth of market display. I don't mind because I have no use for it and wouldn't look at it if this was corrected.

I did that all last year without any problems.

Not much new as of March 4, 2003.

Good job :) I don't trade that way, but whatever works for you that's all that matters.

I think your right that nobody watches CNBC; especially any group that could move the futures. I can't stand that channel.