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Take a look at the 10 year weekly chart of the SPX. Massive head and shoulders penetrated near the 950 area this summer. We plunged from 1150 to about 750 and then had a rally in August to the 950 area. That's approximately a 50% retracement right to the neckline with a subsequent failure...

I think the Dow retraces all the way back to 1994 levels. Why ? Because that's what we do in post bubble periods. We give back all the gains to where the mayhem began. It all started with the rate cuts back in late '94 to overcome the asian crisis. We aint seen nothing yet

Go to a high commission broker. That should take care of your problem. On a more serious note, I think a lot more people are vicitims of overtrading than you think. I sometimes find myself watching the level II too closely and exit on any downtick. At that point I sometimes step back and...

I just added a second monitor to my Win98 setup. For my style of trading, its enough for me. I bought the Radeon 7500 video card from ATI for 130 bucks from Comp USA, installed it in 5 minutes and that was it. I got a second monitor from a family relative and that was that. 130 bucks for a...

From what I know about this company, they gather traders, group them and refer them to Broker Dealers and negotiate a lower commission for the group. I don't believe they are a scam, just pioneers in the industry. Don Bright, you do not need 25k to start. On the contrary I believe this...

lol. Yeah I've seen the new commissions but I still think its because of my dazzling looks. :D How is the platform you are on? I've never looked into it but I would contemplate stepping up to it. I think its about time I call the boys at prophet. Did I lie about those guys being...

My feeling is that we have not seen anything close to a bottom yet. Call me a permabear or whatever but I can't see a post bubble period ending this quickly. I see the markets giving back all of its gain from 1994, which in my opinion is where the feds went wrong. They pumped too much...

Joey "the economy is smokin, if you wait long enough it will come back and I will say I told you so, Where's my neck" Battapaglia. Abbey "don't you think I am handsome" Joesph Cohen Bob "Look at your reflection on my head" Froelich

Yes I am still short on QCOM. Hopefully it can close near the low today. Looks like flat support in the 25 area with a downsloping trend line, or a descending triangle. A good break of the triangle usually takes place 2/3 the way to the point where the triangle lines converge. It seems like...

I too am confused about arca exec. on listed stocks. However do think the market is moving faster than we see and that the size has actually been bought but not updated in the quotes? I see time and sales coming up quicker than the quotes sometimes.

My swing on this has a somewhat longer time frame so I am using a little widers stop. If closes near the low today, I think the counter trend rally that its been in the last month could be done. JMO

Liking FLIR here for a short, with a a stop of 46. Countertrend rally over the past couple month hopefully stall near the 20 and 50 ema which are in the 42 area. Longerterm this could be forming a massive head and shoulder top.

Looking to short AGN above 60. Hopefully I can get in tomorrow.

I can't imagine the sec making it easier with their regulations. They hate daytraders. In my opinion, the markets will be flat and volatility will be low in the later stages of this bear market, which may be 5 to 10 years away. Like someone else on this thread said, there is way to make...

I do believe in EW and I think its a good compliment to any other T/A system, but not as a stand alone. I've seen a daytrader in action who uses it but never really followed up on it. He's actually really profitable but his trading style is so contrarian that it kind of turned me off. If he...

Does anyone trade using elliot wave theory? I've read some material on it, and know the basics, but fall way short on using it to trade successfully. I would appreciate some input on it. Thanks, Trade4me

I'm sorry, I normally could care less about whether or not someone doesn't like my trading ideas or even less, the company I use to trade stocks, but when I read "Why would anyone trade with platform like Prophet" that seemed like an attack on my judgement or on whoever trades with Prophet. I...

I am net short and have been for some time as well. I have posted some plays on the "QCOM is the next to Fall" thread. I would love to hear some of your plays. I also read on the "which is the best Direct access firm " thread that you will be opening an account with Prophet Trader. Good, I...

I forgot to add my reasons for adding positions in QCOM. I felt the stock made a strong reversal candlestick pattern, KICKING. With that in mind I felt that any gap up, as it did on Friday, would be sold into. I did not add however, as I was tied up in the am. My strategy for adding...

That was a great post and I think you hit the nail right on head. A good trade also depends on your management strategy. My stop was initially 3 points above my entry price. I chose this price as I felt that the stock should have good resistance in the 31 area. Its also a wide stock...