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+1 to JD and Trvl as well! There are strategies out there that allow for minuscule stops if that ends up being one's preference. The next step after identifying them is working on having the patience to wait for those setups. :D

It's a rolling 5 day profile. That's not necessarily my first choice, but it's what has been set up on my chart for a while now and I'm just accustomed to it. :)

I hear you. I'm very wary of telling people to watch out or whatnot, unless it is SCREAMING at me to do so. Nothing but high TICK readings since 7:15 PST, so there's only one way to go for me :)

Could be going for it again:

Nice fade Josh!

It lines up with a ledge, so it makes sense. EDIT: There it goes!

I'm thinking a push to 76's ladies and gents.

In my experience, blind fading is only safe at cleavages or ledges. If you are looking to sell, sell the top side of the ledge, not the bottom. If you are looking to buy, buy the bottom side of the ledge, not the top.

Target 66.75's, stop at +1 EDIT out at +1 Posting every move is hard!

short again 70.26

WHY YOU LITTLE :p

out at 69.50's Josh, it's probably a 6er, but I took it. :)

Short 72.75's.

Careful man, close below -600 on the TICK tells me this will just be a pullback.

Out at 74.25's

Long 74.75's Stop at 74.25's

Now it looks like the market is in a 50% long setup right now, but the volume profile doesn't match the setup, so I will be passing.

The first chart is the pullback / target that hit overnight. The second is the next "measured move" in the series so-to-speak, so right now I will be keeping a lookout for a long on our way to 1286ish. http://i262.photobucket.com/albums/ii90/bigsnack/2012-01-06-TOS_CHARTS_long1.png...

With my limited experience with fundamentals, I would just note that the price of equities can also go up as the value of the dollar goes down. Maybe it's the just the weakening value of our money that is causing the push? There may not be any true added value, it just costs more to own what's...

I agree here. This thread is best when everyone shares and leaves the ego at the door. Personal insight mixed in with some good hearted fun. I start to ignore the entire thread as a whole when people come in aggressively spouting where they want the market to go. I think people get a lot...