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nah...indicies are not helping out...

this "chump" more than likely has a bit more experience in this than you amigo. I do this stuff for a living...i would be willing to wager that you dont.

you timing is impeccable...thank you. I just went net short as all the major indicies broke their uptrend. you being long reinforces my feeling that i wont be stopped out.

WOW...i AM GOOD!

yes, as a matter of fact, yes there is. it IS a realtive term and it is not certain...as nothing is certain....but overbought conditions do exist..as to why such indicators exists like bollengeer bands, RSI, Will%R and trend channels.

I scan for stocks every day...normally i can find som decent long set ups....now t is looking like all the setups are bearish. Overbought...double tops, heand and shoulders, stalling neear a top..top of trend chanel and stalling etc. are you thinking what i am thinking? Dan

are you serious?? If you are..put down the keyboard and pick up ECON101...it will save you a few bucks.

anyone trade it? even though it reported good earnings and revenue...it has tanked the last week. i am looking for an entry.

we have a saying in my country "poco a poco"...litlle by little. Start small...learn first...and go from there. dont jump in with gusto if you dont know what you are doing. good luck for the next time and start a little smaller.

we have a saying in my country "poco a poco"...litlle by little. Start small...learn first...and go from there. dont jump in with gusto if you dont know what you are doing. good luck for the next time and start a litter smaller.

go to work for somone else...and trade on the side until you "get it" expect it to take 5-10 years. just like any other profession, you need to start small, go to school for a while...and the REAL money probably wont start to come in until 10 years later.

i ithink it may ne right around the corner..i am seeing double tops, head n shoulders ina couple of the market leaders i follow.

i was talking about that the other day...i concur.

i see a head and shoulders down pattern and resistence at 55...i pass.

hardly any shorts left my firend...they already got squeezed.

exactly where i was looking as well! banks also tend to lead the conomy as well...so a decent indicator.

Well, we are all thinking it...or at least it should be in the back of our minds. We are overbought on many different indices....so why dont we start a list of stocks we are looking to short in case of a correction. Ill start. LEH...lehman brothers. Banking is overbought, and...

the best solution is to Man-Up and pay your debts. Independent of trading or any other matter. It is the best long term solution for yourself and your character.

that was jessee livermore. of "reminiscenses of a stock operator". strange the book we all admire so much, is about a guy who ultimately died miserable and broke. you gatta love this game.

sorry...i really dont have exact definitions.. Maybe we could say 10%+ drop within a couple day time period...vs. a pullback which coupld have similar amplitide...but different time periods...a pull back just happens much slower. a nice pull back setup would be GROW over the last couple of...