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Investors generally go broke trying to pick tops and bottoms. A lot of 'bottom pickers' lost their shirts in 2001. Be patient and wait until the reversal is Obvious and then enter.

this article has been helpful to me. The main lesson is "don't trade during lunch". It's simply not a high probability day trade. More like flipping a coin. 9:30 – 9:50 is a RED zone. The most DANGEROUS time period, except for a very experienced day-trader. The first 20 or 30 minutes...

Support and Resistance

the most common response I've heard to this question is about 2 years. That's about what it took me personally..fwiw. cheers,

Sell at resistance Buy at support you're welcome

Like the CCI, concentrating mainly on zero line crosses. Use a quick version of the Chaikin Oscillator as an 'early warning' and confimation indicator cheers

Come on folks, this arguing is pointless. It boils down to this. No one can absolutely PROVE that God and Christ exists. And no one can absolutely PROVE that God and Christ does not exist. I for one, think there are many spiritual benefits to the latter view. But I can't PROVE to...

I would hate to go through a day without knowing that I have free 'retirement insurance':D

good luck duck fwiw, I have this right posted next to my trading station “Nothing in this world can take the place of persistence. Talent will not; nothing is more common than unsuccessful people with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the...

And the weekly summation chart is bumping against a solid trendline..

fwiw i voted no The Finanacial sector appears to be in decline.

Good lively discussion folks! Thanks for all your fine opinions. This is ET at it's best. Of all the ideas submitted, this one really made me think.

i do....... its extremely fast

If anyone's interested, the VIX rose .24 in the last 5 minutes of trading today. The last big late move (as noted above) in the VIX was followed by an 11 point gain in the S&P the next day. Don't know if today's jump up was big enough to forecast a 10pt drop in the S&P for tomorrow, but it...

And they're off...Nikki up and running again today. Up 1% in early trading. wow That market is going crazy, up 50% since May.

With oil now trading at $68.45.. how much longer can the markets ignore the high price of oil? If I'm not mistaken, today's closing price was the 4th highest in history. With the price up 19% in the past 5 weeks, you would figure the inflationary consequences would begin to factor into...

If IRAN continues to manipulate the oil markets, I don't see much upside for stocks.

my humble opinion... Key psychological numbers breached on Friday (-200 on the Dow, -50 on the Nasdaq) will cause more selling on Monday. The foreign indices will drop very hard as a result of the big American selloff, which will run down the futures and cause more weakness. A lot of fear...

The Russell 2000 hit an all time high Thursday, and by a good margin. Those new highs sure didn't hold for very long, did they??

If anything serious with Iran happens, just buy gold or gold stocks. Defense stocks like Boeing would go rise, too.