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His calls are right about 50% of the time.

Just hope, or hope and pray? If the latter, to which particular God?

Yes, pretty much, even when the Fed decisions are in line with expectations. You may want to also look at other economic releases that affect the market: http://biz.yahoo.com/c/e.html

That is correct. However, we are not talking about the passive buy-and-hold investors who never sell for decades. We are talking about traders whose holding periods are relatively short (anywhere from a couple of seconds to a couple of months).

Why not?

(5) The markets facilitate redistribution of wealth from one group of people to another group of people. If the total amount of money in the pool is the same (which it is, more or less), then whenever someone makes money, it means that someone lost money. In the process of money transfer...

Does this mean that the original poster will be able to buy Bently GT when his long positions in GM and GE quadruple in 2 weeks?

AWGTHTGTTA?

And what is the percentage of pit traders that run their accounts down to zero? My guess is that it's about 95% of them. Is that right?

It would take 6932 trades, to be precise: log(2, 1.0001) = 6931.818

It works the same way, no matter what the frequency is. Buy low, sell high. Making 1 cent per trade on 100 trades yields the same profit as making 10 cents per trade on 10 trades. Of course, the higher the frequency, the more sensitivity to transaction costs.

And that's precisely why the market is above 1400 and is moving higher.

Step #1 completed, right on schedule.

If 2-hour trend is up, and 1-hour trend is down, and I take a long position, does it make it a "trend-following" or "anti-trend" trade?

I figured that one of the "market ways" is to move in such a manner as to transfer the maximum amount of money from the accounts of one group of traders to the accounts of the other group of traders. Let's see if we can apply this principle to the current market. It looks like a great many...

$15 commission for each round trip on $1500 investment means that you have to make 1% just to get even on your money. On top of it, you want an additional 3.3% daily return ($50 on $1500), which makes it a total 4.3% daily return. Compounded over 250 trading days in a year, you are looking to...

You should have also mentioned that the other one of your systems, according to Collective2.com, has 97% chance of losing 100% of the equity.

Oh, I see. So, if you took a bathroom break while you were typing, I am expecting to see something like this: Undaunted we plow ahead... unzipping... looming above us a weird feeling ... urinating... that the Gov can't just put a finger ... shaking... in a damn and expect to hold the water...

Do triple and quadruple dots after a word indicate greater importance of that word than quintuple and hextuple dots? Is this system of dots used as rating for a stock (i.e., "buy", "strong buy", "market outperform")?

It's a good article by Ken Fisher. However, he didn't say that "we have bottomed". Instead, he says that he's been bullish since 2002 and is still bullish. More importantly, he doesn't talk about "The New Economy". His recommendations are Toyota Motors, British Petroleum, JP Morgan Chase, and...