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Shyte is going to hit the fan regardless. If they taper, bad for mkt. If they don't means shyte ain't g etting better after 4 years of doing the same thing. Definition of insanity, doing the same thing over and over expecting different results but getting the same results. That is the fed...

Sounds like to me vis is giving a fundamental case.

Oh no. According to the data there is very little price inflation, lol. Complete disconnect between data and what is REAL. The feds know this; it's a dangerous game they are playing and they know it. Just ask yourself this question: Does the dollar buy you as much now compared to 2007.

agree. used as a guide. other things to look at before establishing a short but not too many things otherwise analysis by paralysis sets in :)

daily reduced, same lines i do not have any positions right now. if mkt spikes approx 20 pts tomorrow i want to short but i don't have the stones to go long and i have to see good reason other then touch of trend line. yes price is telling me we are going higher but the easy money on the...

no. strictly looking at it as a guide and what could happen. i would never just take a short or long based on a touch of the line. plus this is monthly in SPX the market bounced off this line around 1590 and promptly dropped 50+ pts before it retested it and blew through up to 1680s. then...

I was looking at this as more of a long term megaphone, broadening top. As I understand it these are exhaustion type patterns. Just another piece in the puzzle.

DJ30 monthly. Will addition of high flyers and deletion of garbage get us to the 16k and then party is over? Quarterly options exp coupled with this major index change will certainly keep things interesting.

That is a good start :)

The trick is next to nobody has the patience or mindset to go through this. The human mind wants instant gratification. It takes years of experience to get past all the junk; until you feel the REAL pain of losing money one will never fully understand. I openly admit that ii am in the...

The most important part of trading.

Dow has still not completed its 3rd touch of megaphone.

Some of u r like my kids. Are u here to be right or share? Geesh.

Easy to say hard to do. A backtested strategy does not guaratee future results. It's not thatcut and dry.

Don't even think about quiting your day job. Even if you make more in one of these options than your real job it won't last until you get a good understanding of price action as Handle123 stated plus all the other advice given. Psychology of trading destroys. The pressure of paying bills...

Good luck

I hit send before I saw this. Agree 110%!!!

Guaranteed is a scary word. I have no clue where it is going next week.

You never know.

Expecting rally into close. Maybe retest of 1690s cause it is friday.