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I am the opposite good entry but tend to take profits too soon. If I walk away with an automated limit profit target and stop loss I do better. But having said that I use a discretionary trading strategy based on guidelines. The best of both worlds is a discretionary trading strategy...

Well at least I got the close correct : ) Today's big gap down definitely changed the numbers and I did not adjust them prior to todays open. : ) With the gap down obviously the prediction low and high would have been changed. Of note their continues to be a fair amount of volatility...

These predictions were wrong and it goes to show "TRADE WHAT YOU SEE." This cost me alot of money. I went over all days for thear and only 2 days in 2010 have been this far off. Yet if you follow the rules you don't lose money when you're wrong or you limit your losses. Hope my tech...

These predictions for the week are looking pretty solid but next week will be harder, although with option/futures expiration next week the spoos are gonna come very close to 1100 before the next charge lower. We have a short trading week---markets are closed monday---. We are likely gonna go...

I agree: 02-10-10 09:02 PM Dow 10k and Spoos 1166 Holy sh*t!!! This sucker is gonna explode up or down. Balanced on a very thin wire with locks of explosives. Thursday and Friday are gonna rock!!!!

Dow 10k and Spoos 1166 Holy sh*t!!! This sucker is gonna explode up or down. Balanced on a very thin wire with locks of explosives. Thursday and Friday are gonna rock!!!!

A hard fought + 1k today in profits. I'm not gonna trade the close today adios.

How often do ya'll calculate Support and Resistance? Once a month, week, and day? Or do you update after like every 30 minute or hour bar? More often less often?

OOPS. Sorry the levels for tomorrow are high 1056 pivot 1050 low 1041

Weak close setting up a possible retest of Fridays lows at 1140 , although there is a very strong pivot at 1150. Likely scenario is to test 1150 (SPOOS) bounce, bounce back down at 1156 for a drive thru 1150 to 1141 or so. Hard bottom. Drive back up to lower high at 1086, another swing...

Was levitational to my vocational money flow situationally speaking

The openings rotational gyration caused flotation in the situational index margination.

Predicted SPOOS levels for the week. open 1059 close 1075 high 1086 low 1051

Thanks. The combined rjz/drr chart shows an interesting correlation. When combined with SPY it clearly illustrates a trend change. Cheers

I like your charts!!! Can you get rid of the channels though? Please post a weekly chart of RJZ and DRR (together on the same chart)

http://finance.yahoo.com/echarts?s=DRR#chart5:symbol=drr;range=5y;compare=rjz;indicator=sma%2813%29+volume;charttype=ohlc;crosshair=on;ohlcvalues=0;logscale=on;source=undefined A nice macro chart to show the trend has changed starting mid-Jan. Cheers

Actually and interestingly the hammer is on the daily. It happened on a Friday after a long slide down and the more powerful weekly and monthly charts do not point out such a rosy technical picture.

we were significantly down over the course of 3 weeks. We hit a technical milestone on big down volume giving large position traders a good opportunity to stop and reverse or close out shorts for the short term. The weekly spy shows weakness and we are likely next week to range from 1050...

Well it certainly looked like an orchestrated PPTL intervention. At key support afetr a nasty week with the ECB in crisis mode containg the southerb european sovereign debt debacle. We ended up with an interesting friday but the weekly and monthly charts still look sickly and that is in the...

....and see Opie that's how with just the flick of a switch an entire nation's fortunes were altered. Econ 101----Don't fight the PPTL bot.