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  1. formikatrading

    good reminder

    I absolutely agree -- I believe it requires a higher level of understanding of the markets, stocks and indicators, though. Some people can daytrade quite well without this knowledge and that's fine. However, I believe the more you observe, the most success you will have with holding overnight...
  2. formikatrading

    Spoos Bull Trap?

    Great discussion -- and I like no personal attacks. It seems a foregone conclusion that the market will be okay until January. Whenever something is a "given" in the market, I force myself to question that assumption because the market doesn't like to do what everyone thinks it should do.
  3. formikatrading

    Nasdaq in 2008

    What type of investment is this?
  4. formikatrading

    Is that it for the stock mkt rally?

    I don't think the market is ever illogical -- the market is what it is. Sometimes it just doesn't give clear signals.
  5. formikatrading

    Objective Elliott Wave............

    Tony: Being a novice Elliott Wave guy, if iii takes us to 1300 on the S&P 500, where is likely projection for iv? Hopefully I labeled the subwaves correctly!
  6. formikatrading

    Objective Elliott Wave............

    I've read this thread with interest -- I'm glad it was started and gharghur2's posts have been informative yet not arrogant, which is refreshing. Some thoughts I thought I would share: 1. gharghur2's thought process reminds me somewhat of Connie Brown's in "Technical Analysis for the...
  7. formikatrading

    Bob Brinker's Market Timer

    A colleague of mine gets Brinker's MarkeTimer. Brinker issued a major buy signal on March 11, 2003. He has not waivered from that buy signal and has held on thru all of the movement since then -- saying that the bull market still has more to run. As I understand it, he issued a major sell...
  8. formikatrading

    Volumeless Rally

    Price action and price momentum has been very strong over the past few weeks despite the weak volume. Also, investor sentiment was very favorable a few weeks ago for a decent bottom. Still, the market here is very overextended.
  9. formikatrading

    housing crash

    I want to offer a different perspective just to illustrate some issues. I was a homeowner in Columbus, OH from 2000 to 2002. We sold our house so we could relocate and I could start my business. We moved back to Columbus in 2003 and decided to rent a house instead of buy. Part of that...
  10. formikatrading

    Arch Crawford . . .

    He's been right sometimes and wrong sometimes -- it's hard for me, though, to get too excited about using astrological stuff in market analysis.
  11. formikatrading

    housing crash

    I believe I read somewhere that 30% of home sales last year were not primary residences so the implication is that there is a decent level of speculation going on in the housing market. I'm not trying to be a bear --- just pointing this out in response to the prior post.
  12. formikatrading

    housing crash

    I don't think you can talk about a bubble in hedge funds in the same way you can talk about bubbles in tech stocks or real estate because there are so many strategies in the hedge fund space. That being said, you can probably say that hedge funds may have become too popular and that the...
  13. formikatrading

    Shorting US bonds

    Rydex Juno and ProFunds Rising Rates Opportunity Fund have gathered a lot of assets over the past year and a half yet long-term yields have not gone up like everyone predicted so those people have not made any money if they've been just sitting in those funds. I'd like to see everyone give up...
  14. formikatrading

    A few reasons why I am shorting this bounce

    I think your analysis makes a lot of sense. Whether the trades will be profitable or not, who knows.
  15. formikatrading

    Nasdaq from 5000 to 1000 to 2000

    If you believe in the secular bear market theory, then maybe this is about it. I'm sure Joe Batapaglia has a different view.
  16. formikatrading

    Life after day-trading??

    that's the route I took. I'm a little more relaxed now, but that's just me.
  17. formikatrading

    Toni Turner Chat Today!

    I really like the simplicity of her books and presentations. They're not like reading the "Master Swing Trader" or anything like that (which was difficult for me to read anyway), but she is a very positive person and often something she writes or says makes you think about your current...
  18. formikatrading

    short interest ratio

    with a 50%+ short ratio has to have one of the highest.
  19. formikatrading

    College Student Question

    That's exactly what I was thinking -- the Ivy name opens more opportunities so why not take advantage of them while you can.
  20. formikatrading

    How many trend followers here?

    Whatever works! More power to ya!
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