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Yes, it's a good idea to become familiar with other indices. I was watching the Construction Index from '05-'07.

Well, the bull market that began in the 80s lasted a lot longer than seven years. You're smart to stick with it.

Look at oil stocks. This is an opportunity that hasn't come along in years. Groups and sectors do not necessarily move in tandem with each other or with the market.

Actually, they do. They just have to lower their ask so much in order to get one. Watching a tick chart and seeing all the gaps can be very enlightening to a newcomer. But as for your comment about the 70s and 80s, I sometimes wonder if it's best not to know all that. I doubt there are many...

In case I didn't go back far enough:

One may also want to look at the ON activity on the 12th/13th.

Depends on what you mean by "real" investor. The Motley Fool people don't bother with charts at all.

That's one of the chief distinctions between trading and investing. Investors have no reason to study charts. Traders have no reason to study annual reports. It's difficult to puzzle out just what you're asking. It sounds like you're trying to figure out how to choose a company whose stock you...

That's right! I forgot. :)

I agree with all three of your points. But it pays to make a distinction between the value of a company -- which is based on fundamentals -- and the value of a stock -- which is what traders are willing to pay for it. Those who fail to make this distinction start thinking that the stock is worth...

I don't think they're concerned about "target practice". Depends on the target, though.

Especially the government. They'll be breaking down his door any day now. Unless he rushes off to Idaho first.

Which is why I posted it upstairs. Blaming whomever doesn't address possible solutions.

If I can interrupt B1S2's monologue for a moment: http://www.elitetrader.com/et/index.php?threads/house-of-if-you-can-draw-a-straight-line.287955/page-66#post-4098515

1. You don't. But you can track their buying in real time. 2. You don't. But at some point they will no longer be willing to pay the ask. This always results in a lower high. This can also be seen in real time. But the trader has to be there to see it.

The SPX tripled during the internet bubble and returned to 800, then doubled during the housing bubble and dropped back down to 700. And during whatever bubble you want to call this, we've tripled again. I can't think of any particular reason why we can't go back to 7-800 for a third time.

I see no reason to believe that we won't eventually go back to where we started, just as we did the last time.

That's why the whole SE Asia thing is so confusing to them.

Well of course not. Why break character?

Not really, no. Which is why this particular forum is for entertainment purposes only.