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    Im going long Ultra SPY (SSO) as of today base price is 15.75

    It is not possible to determine whether or not it was a good call until it can be deemed a profitable call. That is once a sell signal is issued to close the long. If we go back down and hit new lows and no sell signal is issued is it then still a good call? No. I await the Holy Grail...
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    Hogan's bottom

    Yes, it is likely Hogan's bottom will be taken out and then all will be very worried of much lower prices. That will be someone else's bottom, but not Hogan's. Maybe Someone's bottom will be THE bottom. :)
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    Technical Indicators for Newbies

    The technical indicators you are looking at in your charting package are primarily based upon price. Past price is not a predictor of future price. If you like driving your car by looking in the rear view mirror then price will work fine for you. But if you like staying on the road then you...
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    U.S Stock Index Analysis

    In order to profit from directional trading you must determine where the market is headed. By carefully measuring the causitive factors that determine price action you will be gaining an edge that very few have available. And yes those causitive factors are occurring right now and need to be...
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    U.S Stock Index Analysis

    That's exactly right...using a price chart will thoroughly confuse those trying to use it to determine the future direction of price. Driving your car while looking in the rear view mirror will accomplish the same thing....Disaster. Look at the factors that are tellling of future...
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    S&P a sell to 484?

    The price chart is not going to tell you that we hit bottom on November 20/21. Using price history is like driving your car while looking in the rear view mirror.....good luck with that! :D You need to consider the factors that are causitive of stock prices moving higher over the next 5...
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    Why day Trade?

    It's simple....get rich quick. It's a societial thing..... Fast food; fast cars; quck wars (shock and awe...mission accomplished); fast money...........................................get rich quick! Ease of access to discount online brokers, and price charts makes it all possible to get...
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    Reverse Email Address search

    http://www.networkingfiles.com/PingFinger/Neotraceexpress.htm
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    Very Bullish on the McClellan Summation Index

    Yes, But do you also notice the declining peaks? What do you think that may mean for the Longer term picture of the Bull market? Maybe this old bull just getting a little tired? Place your bets... :D
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    Patterns

    D3 15.40 15.78 15.23 15.66 D4 15.49 15.76 15.34 15.52 Result: lower open and lower close Bullish Prediction: WRONG
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    Patterns

    Thank you, D4 is today and therefore has not yet occurred and is not in any database for determination. Therefore, you are predicting the future and we shall see at the close today the result.
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    Patterns

    I play, D1 15.48 15.60 14.96 15.19 D2 15.16 15.50 15.07 15.35 D3 15.40 15.78 15.23 15.66 D4 ? Buy, sell for D4?
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    Tax problem with daytrading futures in Roth IRA?

    Humm, so maybe I should convert my Traditional IRA(IB IRA rolled over from another deferred account) to a Roth IRA. Then trade futures in the new Roth IRA, say positon trading every two to three weeks. The new Roth IRA over the next xx years gains considerably and when 70 1/2 take...
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    Nearly Random Entry vs a High Probability Entry

    No edge in picking entries? So, if I pick an entry and get out randomly, say at the close, this will not work? Lets say I only buy, a single contract of the ES once a day if a signal is given. Once the signal is given, it is only MOC. This will not work, right? No money management...
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    What is the WORST indicator?

    everyone is hooked on the use of technical indicators... Thank you, :D PM
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