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Still in cash? --MIKE

I would never short a chart like that. The trend is clearly up. We atleast need to break the low of 6 bars ago. No exceptions. --MIKE

Looking forward in hearing from u. --MIKE

I would watch the 20ma closely. A close under the 20ma would make me exit. --MIKE

You up around $7k for the day in paper. Not a bad days work. --MIKE

Is anyone actually using them when they daytrade? How do they use them? Any strategies or methods? --MIKE

can u provide a link to that thread?

Does anyone daytrade with 3lb? Are they usefull to trade the eminis? I would appreciate if anyone would share their experience or insight.. --MIKE

14:34 ET Market bounce attributed to talk of short-covering going into holiday weekend : Worth noting that over the past six years, the week going into Labor Day has been negative for the markets (an avg of 4.3% down for the S&P 500). However, historically, September has typically started very...

Its more than that... he is drawing too much attention. He is being treated as a cult icon. He had 3 or 4 forums running at once... He posts non sense on other interesting threads and trys to derail them with his Hershey ways. The majority of the members on ET do not want anyone here to run...

There were too many people complaining about Jack and his methods.. He detracted too much attention. He made his point over and over for 300 pages on an ET thread.. and the polls showed that most people dont understand what he is talking about. When you critique his methods strongly.. he...

Guys I think I have figured Jack out. Jack is suffering from a sympton called "flight of ideas".... A symptom of mania that involves a rapid shift in conversation from one subject to another with only superficial associative connections. A nearly continuous flow of accelerated speech...

VORZO, When you lose $ following a method that itself will not make $.. you seem to look to Jack as if he has the answers. You look for a fix or some type of answer to why you lost $ on a certain trade. You think Jack has figured out the entire market and is the teacher. The reality...

I start scaning the market usually around lunch time. From then on I scan the market every 30min or hour until closing bell.. depending on how many setups I am seeing. The scan I use shows me stocks that have already broke down. I dont have a scan that shows stocks setting up right before...

This scan will pick up every meaningfull breakdown in the market. Then you just scroll through the charts.. and find something interesting. I usually put the good candidates in esignal or investor/rt and monitor it in realtime. --MIKE

If you are an EOD trader.. I wouldnt recommend any other program except for Tc2000 for scanning. I use Tc2000 and esignal + investor/RT. Here is the tc2000 PCF for breakdown volume shorts: AVGV50 >= 1000 AND C <= O AND C <= L1 AND C < C1 AND C - L <= .50 * (H - L) AND C >= 5 AND (C <=...

I have no regular list. I scan the entire market with TC2000 everyday to come up with candidates. --MIKE

To make it as realistic as possible you should give atleast 1 year data for a daily chart.. put up the 20,50,200 day MA's. Put volume on the chart with a 50day MA on the volume. Also provide a snapshot of the stocks sector or broader market. Thats pretty much all the info I need to trade...

My ideal play would be for the stock to drop for 2-3 days and make consecutive lower lows. Then we get a nice low volume pullback straight up to the breakdown point. Then I will look to short again once the downtrend resumes. Thats totally jumping the gun.. but it would ideal. --MIKE

Thanks guys... The reason I shared it is because I thought it was a pretty good pattern. What caught my attention is the nice sideways movement for 15 days prior to today's high volume breakdown. --MIKE