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Similar to the summation index I posted on other threads. Many of the bounces were not due to rate cuts, although as you pointed out, I think the last two were. Never underestimate what they can pull out for bonuses at the end of the year is the way i see it. Many other sentiment indicators...

This looks like a nice setup, however, your rules remind me precisely why IBD's comments sound so subjective -- "SHOULD NEVER" "MOST OF THE TIME" then you say your stop is 10.5, a .25 cent loss. That's only a 2.3% loss. Is it 8% or 2.3%, or sometimes 2.3 unless it goes below that, and then...

Thought it might be a good time to update this plot, as the bearishness is getting thick again. <img src="http://elitetrader.com/vb/attachment.php?s=&postid=1688352" border="0" alt=""><br /></font></p></font></p></font></p>

Just wanted to say happy thanksgiving to all the other posters on the board (including the turkeys!). We have a lot to be thankful for, and I'm thankful I have others here to share ideas with.

brasil, I tend to agree with a lot of your points here. You might want to view my liquidity cycle thread for more thoughts. http://elitetrader.com/vb/showthread.php?threadid=96555 Without reiterating most of the specifics, I had some older posts where I showed extremes in summation...

This is shaping up to be one of the worst novermbers on record. Right up there with the 74 inflation/stagflation/oil debacle, 87 crash, and 2000 crash. Definitely not a good sign to argue no recession is in sight. One of the last holdouts of the recession liquidity cycle confirmations I...

are you disputing bloomberg and Fed board release, because you know more than them and they are wrong? Original question, did the fed ever have an emergency meeting? If so, how did it play out? I think the detailed chart answers that question. Since you are above the boards, perhaps you...

<img src="http://elitetrader.com/vb/attachment.php?s=&postid=1688040" border="0" alt=""><br /></font></p></font></p></font></p>

http://www.dailyreckoning.co.uk/article/emergencyratecutsthefedcomestotherescue0545.html "The Federal Reserve with it’s leader Ben Bernanke met in emergency session and announced a .5% discount rate reduction about an hour and a half before the bell. The futures trading showed a big weaker...

Unless you are sticking to a system where a greater draw down is expected, that's not bad advice (for example, if you plan to buy and hold for the next 50 yrs. 10% drawdowns will be inevitable). The key is sticking to your predetermined stop. And many backtests have shown that wider stops are...

Congrats on doing a fine job so far. If you want to correlate your companies performance, try plotting graphs of EPS and Rev vs. stock price. You can find the quarterly numbers at value line (free at most libraries) for last 10 yrs. They don't always correlate, but a lot of the time they do...

Cost me a few limbs, but yes, I checked my ego at the door long ago.

" I will switch mindsets very quickly" No argument there. Once my thesis and stops are violated, I don't argue with markets, I follow their lead.

gap filling is PA. One of the best expectations there is. Whoops, thought you meant probability analysis. Probability analysis shows very strong expectation for gaps to get filled. As for price action (on second thought, I figured you meant this acronym), it's also corroborating my thesis...

- Usually, if major markets are down ~2% for the day, EOD squeeze implies the opposite direction which would be up. That being said, yes, I was hopelessly wrong yesterday; it didn't squeeze up (well, it started to, but didn't finish into end of day).:( They saved that for the morning. :D...

Looks like they saved that expected squeeze for this am. There are a lot of sentiment indicators that were pointed at a major local bottom. I think there could be a good run through thanksgiving here IMO. Plus I still see a gap that needs to be filled from yesterday, so keep that in mind when...

From an engineer's perspective, I think you'll find this book very useful as an intro to both fundamentals and TA, as well as practical examples of how to find these things on the web. http://www.oreilly.com/catalog/onlineinvesthks/toc.html Click on the chapter links to get a lot of the...

commencing IMO.

One things for sure, someone's been making money off the stock and short term traders -- all the way up. Ah, I remember the three day halt rule for rimm. Bad News.. stock falls halt stock soars back up on reopen next day More bad news... stock starts to plummet halt Stock shoots...

Unless it is the mother of all depressions (like 1929), recessions tend to be very brief. They've averaged about 10 months since the last major depression. The statistics are out there.