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My new indicator seems to be working. But shhhhhh lets keep this to ourselves lest the professionals get a hold of this.

I track Lundy's posts with a formula consisting of certain bullish words/phrases in addition to his number of posts. We're now about 3 standard deviations below the 20-day Lundy moving average being how he hasnt posted in about one full week. This could be the ultimate indicator.

I disagree. Occasionally, there is an outage and when there is the application attempts to login automatically again. The outages are few and far between and virtually negligible when you consider everything IB has to offer. The largest outage I had was when the internet went down...

This constant consolidation at the lows is absolutely devastating. For a number of reasons, it merely points to lower lows. It only draws in enough buyers to take the market back to resistance each time. Lower and lower resistance each time. MSFT broke support on Friday. Today CSCO has...

Its probably due to covering of position on news. In this case, shorts are covering. Makes no sense that there are true buyers. In a bancruptcy, shareholders get shmeissed. Especially in this case, where there will be lawsuit after lawsuit. Sure it shields them for creditors, but thats no...

Midnight before the market opens... The polls show that the overwhelming majority... ...are all massively divided in their opinion and as a whole have no idea what the he** is going on in this market. How reassuring. :confused:

Did Grasso say why he came out and said what he said? What indication is he getting that Monday will be that bad at all besides the fact that Friday was a crummy Friday. Worldcom files for Bancruptcy? Gee, that was a surprise, stock went from $60 to 6 cents. I'm sure a lot of people are...

What are the similarities you speak of besides the fact that Friday was a large down day.

My take on another October 87 that I previously posted: Regarding the October 87 crash, I believe most crashes take place due to a snow ball effect of profit taking, or due to the most unlikely events (ie. 9/11), mutual fund redemption not being an unlikely event as they occur all the time...

Besides the media, has anyone heard stories from individuals this weekend regarding the market? It would be interesting to hear what the psyche of the average Joe is at this point.

I'm interested in hearing how others differentiate their short-term trading accounts with their long-term accounts, and how they invest their long-term accounts. For example, I'm starting to sweep a certain $ amount from my trading every week into my long-term account. How do others handle...

Regarding your historical data points, I wish I could have more faith in them, but I can't. The reason is that I use data points using sentiment indicators such as the Tick and Vix. I can tell you for the past month, these indicators have been stretched more than I would ever have thought...

"That's because BusinessWeek in 1979 ran a now-legendary cover with the title, "The Death of Equities," lamenting the sorry state on Wall Street after a decade of declining stock prices, including the severe 1973-74 bear market. That cover preceded the start of Wall Street's longest running bull...

Cannot imagine what the average Joe is thinking... ...its quite sad actually. 401k's were pushed aggressively for the past 5 years, and whatdya know. We've given back almost all the gain for the past 5 years. And the average tech and mutual funds are seeing double digit losses for every...

You make the call... Seems Barrons and Newsweek are going bearish 2 1/2 years after the market peak. Ultimate contrarian indicator? Or is this going to scare the daylights out of people and cause massive redemptions from fear of an October 1987. Maybe this will be a self fullfilling...

Great now we got both, a little bit of capitulation and a little bit of a reversal. All clear now right? Europe is down another 3% across the board. Guess they didn't believe in our 400 point reversal.

North Pesos, What did they mean when they said the product will not be available for simple account trader?

We're approaching the fulcrum point on the Dow down -310. Make or break. Either reverse, or so begins the capulation.

Thanks for the advice. IB's Managed Accounts seems very plausible. Checked it out. It starts on Aug 1. So we'll see then.

Havent seen Dealers. Plot looks a bit cheesy, and I'm probably not wrong being that it has Rebecca DeMornay and its partly about how the man and woman heat it up together. Rogue Trader is great. Nothing of the quality of Wall Street, but I liked the intensity and the plot. Ewon McGregor...