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Starting from the top of the chart: 1.) RSI- The last two significant corrections (May and Feb), the RSI went to the 30 line. It was only when the RSI went to the 30 line was there a bottom to the market. 2.) MACD histogram- During the last two significant corrections, you can plainly...

Countries that tolerate or legalize prostitution usually register and license the ladies. In the Philippines, the women walk around with large pink cards on them stating their age and that they have been registered with the government. The cops and the justice system in those countries...

Here is the chart and like I said, it will breakdown to 1440. Any lower then the uptrend is broken and we go to 1100. <!-- Start of Yahoo! Finance code --> <iframe allowtransparency="true" marginwidth="0" marginheight="0" hspace="0" vspace="0" frameborder="0" scrolling="no"...

Its because without guys like him and his several other aliases, then we wouldnt have any fools to fade. Thats why Baron keeps his posts right up in the trading section.;) -------------------------------------------------------------------------------- Quote from stock_trad3r: You...

Do not trade Blackstone. Its going lower and who knows where it will reach. When it starts to consolidate after a few days, maybe, but now is not the time.

I dont know the time frame. It could take a day, weeks, months or years. However, I do know the concept of retracement as I have experienced it many times before firsthand when price has formed into this cup-like formation. You think and believe there will be a breakout over the right...

Its a very simple concept. The all-time high of the SPX is at about 1550 dating back to the year 2000. In 2000, the index chopped around and then finally turned down. Then we had a classic rounded bottom forming a cup. The right peak of the cup was at 1540. Therefore the SPX failed...

I hope you guys took advantage of the CSUN play and the other solars I mentioned in this post. Im generally bullish on the entire solar scene right now except for a select few like SOLF and CSIQ. Generally speaking, the ones that have shown strength the last few days I am bullish on while the...

I wish Neke well in his exploits, but it is this journal that is the reason why I keep my dayjob. There is simply too much risk involved in trading your own money. I reiterate my earlier post in a different thread where I believe someone with kids or married should not take up a life of...

Well, lets say there are 20 trading days a month. I know there might be less or more, but for arguments sake, lets say the market trades 20 days per month. 20daysX12 monthsX100 years= 24000 Number of crashes=2 1 in 12000 chance. Actually, the stock market has been trading for...

Wikipedia has this topic right on target. First, how many crashes have their actually been in the 100+ years the stock market has been trading. Two (2). How many discussions do we constantly have on elitetrader about crashes? Uncountable. The 2000 bubble wasnt really a crash, but a...

My opinion on IBKR is very well known here in this forum. The IPO was priced way too high and they pulled a Vonage and they offered IPO shares to their customers. I believe this stock will chop sideways to down in the next 6 months because of these tactics. Last year, IPOS were priced...

By the way, here is my chart;) Sorry forgot.

Flipping a coin is a 50/50 event. However, if we break down the events on the following chart then a much greater reality emerges. 1) The uptrend has been interrupted. 2) This is the second test of the 50 day MA/EMA area. 3) The price closed under the 50 day SMA but not the 50 day...

Remember my post on CSUN and the other solars? Here is my reasoning: 1) The price of crude is somehow correlated with alternative energy plays. A higher price of crude means the solar plays become more attractive. I believe a floor of $68 per barrel has been established for crude. We...

Why would "daytrading" placed on a resume be helpful for any real-life work position? Think about it.

Has anyone noticed that there is at least one "expert" each week either on Bloomberg or CNBC who attempts to call a bottom in the housing market? Each time they call a bottom then more bad news rolls out. Im amazed that the homebuilders are still trading where they are. You have the CEO of...

I will tell you what I suspect will happen next. The psychology of the market has now changed and there might be attempts to sell any rallies from this point forward. Im looking for a big increase in volatility in the near future. I would suspect a retracement to 1514 before another lower...

Well, looks like this is going to be another Vonage like IPO with the price flaming in. Lots of hype of being "7 times oversubscribed". Price opens up at 45 and quickly drops 10 points. In the days to come it will probably drop another 10 or so. Everyone flipping the IPO at the open and then...

CC is hanging in there showing some surprising strength. BRLC is wondering down and testing the 4s. It will get below 5, Im confident. RSH is slowly bleeding further down. My conclusion right now is that BRLC will soon breakdown. CC is going to be stubborn and RSH will undergo the...