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Could you give a bit more explanation? smoothed how? what are you trying to show in the graph? etc...

ok now its my turn to be stumped. What's your defn of velocity?

Don't worry Jack still has lots of koolaid.

vhen, I agree. That's the word on the street and has been for a few days now. As I said, that is the only TA reason I can point to, to explain the rally. Also, oil has been softening for a while now. You have to ask why things popped now. Since I'm a TA guy, I snooped around and this is the only...

I thought that was pretty simple but ok, I'll explain. There are two charts superimposed on one another, the axis for the Dow (black) in to the right while the axis for the % of Dow stocks above their 50 day MA is to the left (green). Notice that the 30% level is the beginning of an oversold...

Why do you think your entry was wrong? It was textbook 'dummies' (except for being on a 15 min. interval).

This is the only technical reason I can find right now to explain the market rallying from here:

Here's the PDLI chart: 1) The signal was the formation of the fourth bar as an inside bar with the entry being a buy stop above this candle's high. That resulted in a scratch (if nimble) or more likely a -1R loss as the stop loss was triggered. Look at the red box in the chart. 2) You...

Just so we're clear here. I don't subscribe to an ideology and I'm neither pro this or con that. I just examine things on a case by case basis and see what makes sense. As you said, you don't know the facts. Neither did I, until I read them. FACT: The head of FEMA has no competence in this...

oops! :p

wow...now I understand how someone like Bush can be voted into power...twice.

AAA, Please don't tell me that you don't question his appointment of a person who was fired from his last position for incompetence, to head of FEMA. A job, btw that was infinitely simpler, requiring very little management skill and where a mistake doesn't cost lives. Say what you will...

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In case imageshack zonks out:

I was watching AVID because it was mentioned in Barron's (could go to $60!!). Very predictably it got a nice pop. See attached 15 min. chart below. The stock wasn't able to put in any sort of follow through. A 'dummies' entry - as shown by green line - would have resulted in either a small...

I agree, but I think that everyone (me included) woud have no problem if Jack gave entries and exits. I know this is a quaint idea to someone as lofty as Jack but some of us are so lame that we actually like to talk about specific trades. Grob106... I don't know what's more sad. People who...

Note: this is for 5 min. interval (frowned upon by classical 'dummies'): ICGE had my attention from premkt when it gapped up (around 8-9%) with good volume/liquidity. It started trading briskly but faded a bit. Since the gap up move wasn't very large I was looking to get long. The signal...

Couple of points re PDLI (I know this is hindsight!): Using 30 min. would have not gotten you whipsawed like that. I read MaoXian say on his site that traders using 5 min. last 5 years, traders using 15 min. last 15 years...or somthing to that effect. I think he was being facetious to get...

Grob/Jack, in case you've missed my previous 3 posts to you (and pms), I'll try one last time: Would you come into the ET chat one day and show us in real time (or as close as possible) your 'system'? Think of your students Jack. They would gnaw off their left nut to see the great 50...

I was watching ICGE and AVID (Barron's mention). Pretty choppy as already mentioned. BRL seems to be trending nicely but I didn't catch that on my scans. Look at PDLI go! making new highs for today. Sheesh...oh well.