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Length of hold depends. Often times bull markets go on for ages and the best strat is buy and hold. Sell calls against the position to hedge when small corrections occur so that you can collect on the time decay while you wait for the next leg up. Bear markets are quicker and wilder...

FLAT Summary of the swing trade. Sold close yesterday at 1003.5 Scaled out 1/2 each at 1087 and 1089 for an average of 15.5 pts. Issues: End of month money flows. Gap still filling from this morning's large gap down. I did not go long at the bottom. The market is at a crossroads...

Strategy revealed here: http://www.elitetrader.com/vb/showthread.php?s=&threadid=192152

My market model http://www.upscale.utoronto.ca/GeneralInterest/Harrison/Flash/ClassMechanics/CoupledSHM/CoupledSHM.html Basically I look at the market as a coupled harmonic oscillator. Buying pressure versus selling pressure. Weighting depends on net buying versus selling. How I trade...

So even though I was off on my predicted values yesterday those same values came into play on were used to identify probable ares of price action. The low today was 1084.50 (so far for the morning session) Yesterday and overnight 1099.5 was an important pivot. 1088 is the area of greatest...

Take profits on the other half now at 1089. This turned into a swing trade. I will wait to reestablish shorts agian likely at a higher price. Will make note here. NOW FLAT

Move stop to 1195 for the other half remaining and DO NOT restablish the other short yet.

Take profits on 1/2 the position on the openat 17 points net profit. Will reestablish that part of the position as the gap attempts to fill although we are not going above 1195.

The low volume on up days speaks volume of the "strength" of this market no pun intended. The market feels levitated on nothing. No real support but keeps crawling up in spite of wantingto blow through stops. We need another volatility spike to clear out the stops, make a higher low on the...

Established a short POSITION at the market on today's close. Stop 1118. Target 1030.

Not even close. The overnight high was 1099.50. After the open it was clear we were gonna break up and retrace but I have to be true to the calls. http://stockcharts.com/h-sc/ui?s=$SPX&p=D&b=5&g=0&id=p82501204222 So we retraced nearly back to 50d ma on the daily. With the CCI Consumer...

Moderator please close this thread I started a journal here: http://www.elitetrader.com/vb/showthread.php?s=&postid=2743112#post2743112

SPOOS Targets Tommorrow 2/24/2010 High 1099.50 Low 1084 Close 1090 Rest of week 2/24 - 2/26/2010 High 1099.5 Low 1074 Close 1088 Next week 3/1 -3/5/2010 High1088 Low 1030 Close 1049

My journal and contribution. Expected target high probabilty High/Low points for the SPOOS called in advance

A summary of the thread to date: Last week: Close of week just above 1100. ...with the possibilty of interest rate hikes by the FED.... Walk away from the screen or operate without stops on exchange servers at your own peril... Rates were increased. Yesterdays post...

http://finance.yahoo.com/charts?s=%5EGSPC#chart1:symbol=^gspc;range=5d;indicator=sma(17)+volume;charttype=ohlc;crosshair=on; http://stockcharts.com/h-sc/ui?s=$SPX&p=D&b=5&g=0&id=p77762493168&r=3110&depth=24&listNum=&cmd=chartnotes,659|469 The technicals painted the likely scenario this am...

Well the upthrust happened on the open and the selling couldn't be contained on 1st hour's trading today. I'll post a chart tonight to see why I said I thought it'd do this and we can see what the rest of the session shows. We have 1194 in the Spoos as a serious support level which is where...

I am trying to learn. Do you mind posting just a little commentary on your charting efforts to help me understand your thought processes. Thanks love the charts. I'll post some once I get the gist figured out to help contribute.

I see very nice. So you are using spread as volatility guide and then tagging that as an area for support in a trending environment? Are you engaging volume in the spread analysis?

Buffet and Munger are brilliant politicians that have pandered their brand of investment as religion. Religion is powerful stuff but based on faith. When I listen to their pollyanna message over and over again I just think why are they so willing to share their investment strategy if not to...