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Nice day here. I noticed a while back that the $ADD (diff btwn advancing and declining NYSE issues) was often just a little bit ahead of price. Heres a chart showing how it played out so far today.

My MP chart suggests 1511, 1517, 1519 It will be interesting to see where markets open relative to the most recent value area 1505-1509. What I am seeing this last week, is market testing resistance, and institutional selling. While it could be construed as profit taking, I see it as...

My question was a simple one. Here is JJ's claim ------------------------------------------ "The only perceived weakness of the intra-day scalper is the inability to scale-up to decent size, when trading using this method, I find that limitation can be overcome by using a consistent...

Why would you consider an office as incompetent as Amaranth professional? As I have said before (and apparently you disagree) most professional offices have a risk manager, and that person concerns him or herself with "risk" (in our office that included every type of margin requirement). My...

The primary difference between the two charts is volatility..... the second chart is significantly more volatile than the first. Using a cumulative volatility measurement you could obtain a way of determining just how different the two markets are as time goes on.. All you have to do...

Jimmie Here is your chance to show us what you mean by "real information". Here is YOUR comment. ----------------------------------------- "The only perceived weakness of the intra-day scalper is the inability to scale-up to decent size, when trading using this method, I find that...

Since Jimmie is having a break down. I do want to comment on the "performance bond" issue. Ironically Jimmie is correct in this way. Because he probably has little or no money left in his account, he has to know in great detail just how much money he needs to keep on trading. Otherwise his...

Don't get your panties in a bunch "Jimmie". When you are wrong, you are going to get a little bit of a verbal whipping. I will try not to make you cry in public.. If you want to avoid this, get yourself an education. and Stop commenting about stuff you know nothing about. :)

Oh so Rico; Hey, I understand your comment. I think a swing trader who has good entry skills is going to weather the storm easier than an intraday trader. Most intraday traders can't keep a realistic stop. They get anxious and get washed out early. Swing trading you have to give your trade...

Lance Your idea is perfect. Let's rename Jimmie. Lets call him "The Professor" or we could call him "Marketsurfer Jr" because he is so very good at calling tops and bottoms (like his "daddy" Marketsurf Sr.) AND as he has just confirmed, he is a "Master" at anticipating market...

Good one "Jimmie" I really admire your comedic talent..Its as if you were trying to offer a real comment on trading intraday :) My take on the question is a little different. First, a successful mindset for trading is to prepare first, so that you have a game plan..Most decent...

PennyTrader; You're a generous guy to point that out. "little Jimmie" wouldn't know a good thing if it bit him on the ass. Your comment (as you probably know) is part of a concept called the "Value Area Rule". Although there is more to it than that, I know quite a few folks who trade...

Lets just say I am not impressed with his latest comments or book offering. Further, I know of several professionals working for top tier banks who successfully manage multi-sigma risk, or have had input into risk management protocols that will manage multi-sigma adverse risk. They don't...

Yep, understood, thanks

Excuse me. You quote yourself saying you're out at 1502.25 "covering last remaining unit on the shortside" Now you are "closing" again at 1499.50?? What exactly are you closing? What does "last remaining unit" mean? :)

Actually, I don't need to convince anyone of anything I am suggesting that instead of continually losing, you might want to try something else. I am just as happy to see both you and MS stay right where you are. If it works for you, go for it. Good trading to you Steve

I don't mind educating you a bit. You don't have to "call the market" to make money All thats necessary is to accurately identify imbalances and wait for the market to respond up or down to get back into balance. You (and others) are amateurs, you get hooked into the ego trip of...

As usual, no clue and ass backwards You don't need to call the market to make money. You just need to be responsive to what you see. Unfortunately, YOU don't get it. And back to the topic. You know MarketSurfer, if instead of trying to call tops and bottoms, you took a moment to; 1. Get...

Actually you only have "respect" for people when it is convenient for you "Jimmie". Back to the topic of the day. The early balance was narrow so it was pretty easy to see the transition when the institutions decided to take it short at 11:05. Also, the 11 O'clock EST hour is when advancing...

----------------- I guess I have to ask. What the hell prompts you to say these things, when you haven't got a clue in world? :)