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Some good points there -- any weakness in short-term may be buyable for shorter-term trades.

Whenever I start thinking like that, I usually get killed.

One question each person has to ask himself / herself, is whether he/she wants to be an analyst or a trader. I have yet to meet a very good trader who relies primarily on EWT. They could be out there -- I just haven't met any. That being said, I know of a few traders who use it but they...

For some people who operate on a 486 mental processor like myself while the rest of the world has pentiums, I find that trying to count waves is too time consuming -- and then there's always the possibility of an alternate count! I do think using it loosely from a bigger picture perspective...

Good perspective, TGregg. I'm not sure why everyone feels the need to call a top. It's like, "well the market has gone up for so long and it's overvalued, it's overdue to top out." If you keep trying to call a top, maybe you need to ask yourself "why?" Do you have a bearish bias by nature...

ran for several months.

Each person must develop his or her own strategy. I think for someone to say that indicators, etc. don't work is inappropriate. That's like saying you can't time the market -- and if we all believed that -- we wouldn't be traders. For me, one of the skills I continue to develop is knowing...

Feels like the 90's again!

Trade with the trend until it ends.

Good point. That is something to consider. If everyone is expecting rates to go up - if it's so obvoius -- that is when it usually isn't.

It's a bubble on top of a bubble. As I mentioned in a prior thread, an equal weight index of the S&P 500 is at all-time highs, as are the S&P SmallCap 600 and S&P MidCap 400. The recent bear market was insignificant. But I'm not ready to try to short this market -- yet. Let the market...

Momentum is still too strong for a crash right now (in my opinion) but once the momentum starts to fade, then anything can happen. The trick is to not fight a strong trend (in this case, an uptrend) expecting a crash. Allow the market to tell you when a crash (or orderly decline) is likely to...

Prior post is correct -- if you manage under $25 million, you're generally filing at the state level. Also, keep in mind that most states have certain exemptions from registration if you have 5 or fewer clients in that state (subject to other qualifications, etc.) Here are some helpful...

Stick with what works!

Refinance your mortgage and buy more on credit -- that's the growth!

This is just the opposite of the bear market. You don't want to be short going into the next week.

I think overexpansion of credit and the litigation explosion could be time bombs. I remember that Paul Tudor Jones said in "Market Wizards" that "I know from studying history that credit eventually kills all great societies . . . . We borrowed against the future, and soon we will have to...

sure has trumped the fear of losing.

that's the bottom line. It's like saying that valuations matter for internet stocks. It didn't matter until it mattered. But you had a couple of good years on the long side before they cratered. And heck, many of them are back from the dead!

I think the implications are that the public view of the financial markets was not overly impacted by the bear market. Back to back bubbles? Who knows? Meanwhile, the trend is still up!