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I haven't looked at the 3MA and 9MA logic --- can you briefly state how to do this? The SPM threads are very long, can't find the MA messages. Thanks.

NO.

See attached 2 minute ES Less spectacular results with Loose version of SPM - with crosses above or below zero - $340 profit per one-lot contract. Many trades are spurious - these can be filtered off with momentum. <img src=http://elitetrader.com/vb/attachment.php?s=&postid=2147027...

Another good day for the SPM : 2m chart with only crosses above zero - 5 trades, 2 losses and 3 wins $960 per one-lot position <img src=http://elitetrader.com/vb/attachment.php?s=&postid=2146985 width=800>

New high today?

You hope. You wish but this is rally time. Buy the pullbacks.

Rally has begun - all the way to DOW 9600, possibly 10K Then, another leg down. ES 825 low was made in Globex session, market now 53 points from that bottom.

I am trying it now, but don't have enough time during trading hours for detailed evaluation. Looks good - stock trades throughout the day, technical analysis, market internals, breaking news, good stuff. For an active stock trader this is good service, writh the $300 per month.

Only 3 of us... let's not go public with this until we buy. But: An awful lot of damage has been inflicted on the world markets. There are fewer banks and financial instutions; the ones left are too big to fail. Yeah, that's true, that hackneyed phrase but that is a fact. KPM, Citi, BAC...

Why not another leg down?

In my 18 years of trading, I have never seen such extreme sentiment. On second thoughts, perhaps not. At the end of the dot com bubble there was extreme bullishness -exact opposite to this extreme bearishness in October 2008. People expect the market to fall everyday, every hour. Just...

2m ES Same Globex Limit down caused spurious trades at beginning; also bad price at 12:42 pm stopped out short. Look at an example of how an entry would not be done if momentum fiilter is used: Take that long trade at 15:56. That's a rank bad trade! Firstly, I would not enter at 4...

ES 5 minute Note - GLOBEX locked limit down for a few hours resulted in bad charts - first few trades are invalidated. Also, bad price at 12:45 caused stop loss on a profitable trade. With a momentum trigger and filter this would be a very proftiable system. Also, the Keltner and...

Hold them. Don't sell with Citi almost at the low. C can rally 50% in a week (not much in real terms, about $6, but a lot if you own 5K shares). DON'T PANIC AND SELL AT THE LOW! PM me if you need more info

After locked limit down by over 6% and media, bears, and so-called experts warning of Armegeddon and Apocalypse, the markets recovered to finish only 3.5% Many on these forums were looking at targets under SPX 800, some at SPX 650 today. Why wasn't there panic and 10% down ?

Well, that crash did not materialize today. In fact, the markets closed down ONLY about 3.5% after overseas markets fell by over 10% in some cases, and Futures were locked limit down before day session. So, is it possible that markets gap up by 40 to 50 SPX points or more on Monday? Could be...

After 2:30 pm there are no limits - stocks can go down as much as market wants it to.

stop loss on 2m and 5m Profit target hit on 1m

5m ES buy above zero line 2m ES buy cross zero line 1m ES buy cross zero line

ES 880/885 is important resistance - will consider shorting there. NQZ8 1215/25 resistance