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We are all at different levels in the game on elitetrader....

That is an interesting point. The one difference I can find between the late 2004/early 2005 time period and now is that the IWM did not retrace up to the rim. It just broke down. I paged through the events we have ahead and there is a lot on the plate. These next 7 days are very crucial.

I had a LONG position of 5500 shares about two weeks ago right during the earnings call. I know your one of the guys from the peanut gallery who logged on here with a different id to harass me. Lets see your P/L. I showed you my ticket, where is yours? The only heartbreaking thing is...

I would be a real trader if I had just held the 5500 shares of the DJ. Now I am just a bitter man, a very grumpy bitter man. Oh woah is me, 110 grand missed opportunity. Im going to take my meds now and lie down to think about this. Oh the pain, oh the excruciating pain. How about...

Here is a chart of the VIX. Notice how the handle in 2005 showed elevated Vix levels as the price decreased and then lowered VIX levels as the price increased. Then there was an uptick in the VIX right before the breakout to the upside. I circled the two candlesticks that are most pertinent...

Now here is the put/call ratio chart. Notice how during the previous handle in late 2005, the puts skyrocket in the same way as they did in February 2007 and then relax back. Then notice before the breakout in January 2006, there are two white candlesticks representing an uptick in puts...

By the way, here is an article for thought. In 2005, Bill Gross was calling for a recession and thinks the fed would have to cut rates in 2006. After this letter, the IWM dumped down. Notice how Bill predicts that the home asset bubble will pop by the end of 2005 and some other...

First, Im not trying to make predictions. Just observing whats obvious to me on the chart. I dont claim to be right. Make your own judgement. By looking at the attached chart, I have noticed some distinct similiarities in the IWM between 2005 and the current time. In 2005, there was a...

Your right there is no guarantee of anything in the market, but... The ETF has the advantage of safety. I just need to track the overall market or a sector to game the ETF. Its far easier for me to analyze a chart of the S&P 400 then to track earnings calls and other factors. We all...

I wouldnt jump off the train immediately though. The price has been trending down for the last 10 trading days. Jan-Feb-Mar there was a head/shoulders on the chart with a target price of the low 17s. Amazingly thats where the price sits afterhours now. My prediction is that the...

Dont forget. There is also the time factor. If I put my money into an ETF on a dip in the market, then I am guaranteed a 10% in a few months of time. If I used an "ultra" etf, then I would get double the return of the regular ETF. With an ETF, I just have to worry about general...

This is a point I must disagree with you strongly. Buying and holding the *right* stocks will yield great results, but just what is the right stock? Lets take Liz for example. LIZ lost months of gains overnight. Lets VSE. If you got in last year a month after it IPOed, you are now...

I wouldnt buy the IPO for one reason. Look at all the other online brokerage stocks. None of them appear to be doing well and ALL of have issued bearish guidance. If there are so many bears out there about online brokers, then who will buy the stock? Now you might see news releases...

If you look back at the chart from around 2005, you will see a similiar situation to the one we have today. There was a cup followed by a more sharper/shorter correction and then that followed a period of upwards momentum until 2006. The only difference is that the correction back then wasnt...

Bad customer service, platform keeps crashing. They say they have the lowest cost structure on the planet, yet, if you trade a lot of shares then the commissions add up quick. Its a lot more expensive then TDAmeritrade in the end. TDAmeritrade gives you a written promise that they will...

I spoke too soon! Someone opened the trap door on ABAT! Lets see if it will give us a pivot.

Im not the inventor of the theory and no theory is perfect. If you really believe in a perfect theory, then you shouldnt be running money *at all*.

Im a momentum trader not buy/hold. I was expecting a bigger pop after the call because there was lots of shorts. The earnings call was good, but it didnt give the stock the pop it needed. It proceeded to trade flat to down in the days to follow. Sometimes it pays to buy/hold...sometimes it...

I was holding a few thousand shares of DJ a week or so ago right after the earnings report. My basis was 36 and change. It didnt move the way I wanted, so I sold. Now DJ is up 40 percent on a takeover at 60 bucks a pop!!!! AAAHHHHH!!!!

As for MU...sometimes you have to look at a chart and make a cold/hard decision. Ask yourself, what happens when a stock reaches a bottom? There is usually a formation of some type that will signal you that the trend is about to change. I had previously thought that we put in a double...