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I agree about the CCI being a great indicator. If I could only pick one, it would be the CCI.

Merrill Lynch's downgrade Thursday of Wal Mart to SELL really caught my eye.

about 90% of what i've learned came from hours of staring at charts. I gave away my book collection 2 years and have not regretted it for a second. The only book that would interest me now would be a good book on candlesticks.

IF you are down to $7500, then you are severely undercaptialized. No way that's enough money to make a living with. If you keep trading, you will be too stressed out to make good decisions and you'll quickly blow the rest of your bankroll. Keep your $7500 and go get a day job. You can...

Can anyone educate my on why the dollar has risen so quickly against the euro this week? I know stocks well but am still learning forex. Thanks.

I'm gonna refresh every 2 seconds, just in case. don't want to miss anything

Looks like the 'hammer' has hammered out another short term bottom. Its a reliable indicator

classic hammer formation could be occuring on the daily chart. right now it looks very promising. A hammer at the end of a downtrend is a reliable turnaround indicator

100% room to go DOWN!!!:D I couldn't resist.

I use the VIX as a confirmation tool. The VIX is derived from options prices, so its a completely different market. Say if ES prices were trending up and the VIX did not reflect that by moving down, it would definitely be a cause for caution for me. I would probably not trade and prefer to...

It's more of a swing trading indicator. But I use swing indicators in day trading. I personally would be suspicious of any strong moves down on Monday since we're already oversold. Any day trades to the down side would have to be quick and nimble as I except buyers to quickly step in...

From a contrarian point of view, the VIX is way over its 10dma which is a buy indicator. Also the VIX candle formation today shows that the panic levels of this morning were driven way down by the close, whch is bullish. And my favorite short term indicator, the McClellan Oscilator is...

with the market focused on housing, best to wait until Tuesday after the new and existing home sales reports come out. If one of those reports are bad, we could see lower prices. No sense in overpaying, imho.

watching the trin is pretty much a waste of time..imho

Did you say bet? sounds like gambling, not like investing.

nope. we'll see lower prices for a few more days, best to wait until next week.

Down days on Friday followed by further weakness on Monday are historically bearish if I am correct. Investors had all weekend to view oversold charts but did not buy today. Suggests more selling pressure in the next couple weeks

Hi volume In-the-money options that are very near their expiration dates are day tradable.

Is this a record? NYSE Up Volume 43,843,560 (1%) Down Volume 4,016,862,310 (99%)

both happy and sad Had a boatload of IWM puts Sold 'em all early this morning... could have had a career day if I had held longer. but still happy to make a profit. With Bernanke speaking tomorrow, who knows?