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Friday's sell-off into the close of trading was the "a" wave down of Wave 4. The subsequent rally this morning to 1555.90 SPX was a "b" wave and we are now in "c" of Wave 4. After this pullback, expect another push back up in the Sept. S&P Futures contract beyond the 1563.50 area towards...

You questioned whether or not Paul Tudor Jones used Elliott Wave in his approach to trading the markets. I offered Page #130 of his interview by Jack Schwager in his book, "Market Wizards". Asked and answered. And once again it made you look incredibly ignorant. And once again you find...

:D :D :D

Sounds like a most dangerous combination. Since when has there ever been a high correlation between the economy and the stockmarket for traders?

Funny you should ask since you sent me 3 PM's the other day. Here they are for everyone to see ( atleast those that have yet to put you on IGNORE ) . . . ______________________________________ Author Message SiSePuede! Registered: Apr 2007 Posts: 1388 Just because I pointed...

[/B] I've really tried to be a gentleman about this, but you are without a doubt, the most IGNORANT poster to ever post on ET. Try reading Page #117 of Jack Schwager's "Market Wizards" in which Paul is interviewed by Schwager. I believe that Paul talks about his use of Elliott Wave on Page...

Wow. You really are VERY obsessed with proving how "right" you are, eh? You have proven yourself to have some serious issues in this thread. I think that everyone can clearly see that. Did someone kick sand in your face? Why you actually think that I need to defend myself (and the track...

Truly delusional and a legend in his own mind. Yet another individual that does not trade for a living. If he did, he would be "bankrupt" and living at home with Mommy and no Internet service. Hmmmmmm. Perhaps that is where he is now, but Mom doesn't know that he "plays" on the Internet...

John, thank you for your warm words. I would agree with you that we are getting to a point where the risk/reward ratio will favor a shift towards cash and out of the major indexes. While a hurricane this season could very well make for some isolated "plays" in the oil and gas drilling patch...

OT, I would not be surprised to see the market consolidate tomorrow with some backing and filling and perhaps a moderately lower close. Not a big deal. Monday and Tuesday's action will be more key in my opinion. What is a bit troubling is that NYSE breadth is really lagging badly. While...

Your pretty funny. You strike me as the little kid on the playground in grade school that always got picked on, but then became a police officer as an adult in order to "get-even" with everyone that "wronged" him and look like the pillar of society . . . trying to overcome poor self-esteem...

Crossing customer paper in the futures market, YES. Taking the other side of a customer order, NO.

Your reading the chart upside down, my friend. It's a flying "W" to the upside. :D

Nat-Gas had a horrible close. Looks like the Wave 4 counter-trend "bounce" is over with and we are heading lower once again in an effort to finish off the sequence down from the 8.52 mid-May peak. If 6.849 proves indeed to be the end of Wave 4, target zones for Wave 5 are 6.108 - 6.099 and...

Reportedly, S&P futures short-interest was at the highest level in 3 years . . . $45 billion notional.

Go much more above 13,875 and we could very well be in "blow-off" mode. :eek:

QFE.

Exactly. Especially when the thread is started by the ultimate "fade-king" Ghostzapper/Rubberbird Brain! :p

Biggest short position in the S&P futures in 3 years ( $45 billion, notional ) combined with the smallest long position by the hedge-fund "community" in 8 years . . . makes for a breakout to new highs. Yesterday's intra-day low at 1506.10 SPX ( holding the .618 retracement at 1503.45 )...

Let's face it, this is probably more evidence that people are quite possibly being "paid" to put up ridiculously absurd threads on ET in order to generate web-hits and web-activity. This is more than shameful. In fact, it's downright sad. ET has become a joke.