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I'll go out on a limb here and predict we've reached a short term bottom for the IWM. All I'm saying is that I expect little potiential for further weakness in the next couple trading days. Nothing more. This chart is intended for day and short-term swing traders only. cheers,

If America goes into another country like Iran or Jordan. If a political scandal causes American consumers to lose confidence in the current administration. Breakout of Asian bird flu in America

Lets say you had a system that worked 62% of the time. If it became more widely used, could the odds of success increase to 68%? Would it become a self fulfilling prophecy?

If you had a proven trading system that was consistently profitable, would you share it or keep it to yourself? Here are 2 possible schools of thought. NO - Trading is warfare, pure and simple. The other traders are your enemy. To win in this game, you must be better and smarter than the...

no problem.. I prefer the simple approach, so I posted a simple chart. A great many people think that trading is extremely complicated. Some think you can't possibly stand a chance in the markets unless you have a 5 monitor setup & view 20 charts at a time - each with 8-10 indicators on...

rough crowd here at ET, as usual.... All I'm suggesting is that the odds of the market gaining the next couple of days are good. Nothing more than the next 2-3 days. And always use a stop, just in case. fyiw...The last time I saw a good looking hammer was on the daily chart. It occured...

chart

Interesting candlestick for today's price action occurred on the S&P hourly chart... This looks like a hammer - which is a strong trend reversal signal. The upper shadow is a little bigger than I'd like, otherwise, this is a classic hammer pattern. Hammer characteristics: Small real...

That last trading hour was one crazy ride!! wow

The market will pay close attention to the price of oil when it reaches extremes. Otherwise, there is little cooralation between oil and the market, imho.

Good chance to go long using the VIX trading system. The VIX is now around 15, that's 14.55% above it's 10 day moving average of 13.05. Normal buy point in this system is when the VIX is 10% above it's 10 day MA:D

I don't see much movement potiential today. The market is waiting on Friday's employment report. Support and resistance scalping plays are probably today's best approach.

This reminds me of price action during the first of January 2005. It's the very same senario: the begining of a new quarter and a historically very Bullish time of year. But instead of rising, the Market tanks hard. After January's plunge, it took six months to recover.

Your ignore of AK100 was successful:D

You can make a nice living just by trading the ER2 and the QM $$$$$$$$$$$$$$$$$$$$$$$

The Market really should have gone up today. The first days of October are historically very bullish. The start of a new quarter often promotes heavy buying. And Crude Oil went down a couple bucks, which is very bullish. Given that the market ignored this and broke some key support...

It's doesn't make sense for Iran to withhold oil. Oil is one of their primary sources of income. They'd be cutting their own throats. I don't get it.

Most everyone I know is starting to limit their driving, due to high prices. Some have traded in gas guzzling SUV's for smaller, more fuel efficient models And who really wants to send all their hard earned money to Saudi Arabia? I think energy conservation will quickly become a...

The President has urged Americans to reduce their driving. "We can all pitch in by being better conservers of energy. I mean, people just need to recognize that the storms have caused disruption and that if they're able to maybe not drive when they -- on a trip that's not essential, that...

its interesting to note that Oil has traded down from it's opening price in 15 of the last 19 days.