erierambler

All anyone has to do is write the ma crossover system for themselves or get someone to write it for them to prove whether blanket statements ,"this is not profitable" is true or not. It's not rocket science. I don't care if you believe me or not. That is not my problem......... It is a breakout strategy of a ma crossover. Remember to keep an open mind and try all timeframes and different combination of ma's. erie

I disagree................ erie

Rollo, I've attached a couple of charts from my point of view that gives a different perspective. I notice the last move up was very strong and at the highs , new highs diminished as price accelerated into a overbought area above the channel on the WWave chart. Now price has pulled back and new highs are rising again right at the bottom channel which should be a Wyckoff buy point. First excel chart is new highs and second Excel chart is new lows erie

No pun intended, and if there was , what would it be? Sorry if I don't understand I won't be around today so have a good one....... back later this afternoon. erie

Yes you are correct Fw, I believe Rollo said he may have initiated his trade a little early before seeing the last bar on Friday. We need to see some failure. erie

Yes I have them, but it's been about 7 yrs since listening to them Maybe I will get them out of storage ........ erie

Yes, I'm disappointed that this happened. Obviously you have been subjected to some heavy-handedness. But such is life sometimes Looking forward to your thread with interest. It should spice things up a bit. Anyone who has taken the SMI course for Wyckoff has been introduced to Evans. good luck, erie

Well all three targets are hit and I'm out and flat for this rally. Will keep an eye out for opportunity to short down the road........ good trading all erie

How about some price targets on the $SPX, here's 3........ erie

On the NYSE today, Feb.17th,2009 was a 90% down day erie

I found this post on "Comparing Strength and Weakness: Group Charts" interesting and have nominated it accordingly for "Topic Of The Month January, 2009"

It would only be a guess for me, but the cost of diesel has not come down like the price of oil and gas.

Could the Transports be leading the way down? Rails are weak. erie

Ma and Pa Kettle shows how to do some calculating http://www.youtube.com/watch?v=dNA1D1DS5Fg erie

With respect to the oil commodity, some people are participating here:

Db, Chart of NQ attached. Would you say that since Nov.21 price action represents a shortening of the upward thrust? erie

The lingo, jump the creek, which can be shown by a squiggly line comes from SMI, not the original Wyckoff course. SMI originated from Wyckoff, but then added some flavour to it. One must be careful to distinguish the two. Hope that helps . erie

OAC, the question needs to be addressed at the proper place. I believe gassah moderates a group on Yahoo, called SMI/Wyckoff. erie

Hello to those just starting out . If I was to start all over I would just use price , as volume on the ES does nothing for me intraday. I would study price movement in such a way to identify what is happening on days that price moves and what is happening on days that price does not move. Then try to identify what has happened when price begins to retrace. Also what constitutes a reversal. Study price at these junctures and find out what occurs over and over again to give you an edge. Print out the charts for each day and mark them up. Higher high, lower high, lower low, higher low, last swing low, last swing high, retracements, reversals, and trendlines. Write down what you are seeing as price is moving throughout the day and match that up to your marked up charts afterward. Find out what works for you as everyone seems to see things differently, therefore make your own definitions and structure. As one gets these basics down , other opportunities will fall into place on their own. First learn , then trade, the market will be there when you are ready. Anyway hope that helps some. erie ( always learnin' )

Thank you. By your calculations we are at the center today....between 86-89 ? I would have thought higher but i'm glad i asked erie

Gassah, Could you post a mp merge of SPY from Oct 9th to now? erie

Saturday » November 22 » 2008 Investing online Armchair trades soar as stocks tumble Donald McArthur The Windsor Star Thursday, November 20, 2008 CREDIT: Nicky Loh, Reuters Armchair investors should proceed with caution. Tens of thousands of brave or foolish souls are reacting to dizzying volatility in North American stock markets by opening trading accounts so they can make a fortune - or lose one - with a few quick clicks of their computer mouse. "Your pension is down, your house is down, your mutual funds are just pathetic so you yank your money out of mutual funds and you think 'I can do better' and off you go," said Mark Meldrum, a professor at the University of Windsor's Odette School of Business. Meldrum cautioned armchair investors to proceed carefully because they lack the emotional detachment of professional money managers, not to mention the market knowledge and experience. "When you have your own money on the line and you know that with one click of a mouse you control your destiny, you get very worried," said Meldrum. "They start watching it, every second of the day. Fear and greed rule their lives and they eventually lose their money." In the first three weeks of October - a month of double-digit index losses when stocks seemed to shed value almost daily - 75,000 investors opened accounts with TD Ameritrade worth about $2 billion. The three months prior saw 137,000 new accounts open worth about $2.8 billion. "We almost eclipsed a whole quarter of asset traffic in just three weeks," said TD Ameritrade spokeswoman Kim Hillyer. Ameritrade's seven million account holders made an average of 411,000 trades per day in October, smashing the record of 369,000 trades per day set the month before. TD Waterhouse, Canada's largest online broker, reported a similar trend in October, saying applications for self-directed investment accounts were up 80 per cent over the same period the year before. Qtrade Investor and RBC Direct Investing reported a similar surge. Even before the rush associated with this bear market, investors were already opening online trading accounts by the tens of thousands, attracted by discount fees and the ability to manage their own portfolios. "We've seen it over the last five to 10 years continually increasing year over year and I would expect it to continue increasing," said Bruce Seago, the Toronto-based CEO of CMC Markets Canada Inc. "The Internet provides online access to a wealth of information that can be actioned by the investor and it provides more control for people who want that control." Seago said there was a "growing population" of savvy do-it-yourself investors and that some observers believe they account for between 40 and 50 per cent of the marketplace. A 2007 report by Forrester Research, an independent U.S. research firm, predicted 12 million US households would be trading online in 2011, a 48 per cent increase over 2007 levels. Forrester expected 1.54 million Canadian households would be buying and selling investments online by 2012, a 73 per cent increase over 2007 levels. While money - lots of it - can certainly be made exploiting wild swings in stock prices, the odds of amateur investors beating, never mind surviving, this crushing bear market are longer than the Detroit Lions winning this year's Super Bowl. "Don't try to pick a stock, you can't, not in a bear market," said Meldrum, who runs a stock club that meets Tuesdays at 7:30 p.m. at the Knights of Columbus in South Windsor. "Nine out of 10 stocks in a bear market go straight down so your chances of picking a winner are 10 per cent. Your chances of picking two winners are one per cent. No one's that good." Meldrum said this market is a "very dangerous place to be" for uninformed investors, who tend to react based on something they've heard on television or read in the paper. Greenhorns should avoid individual stocks in favour of Exchange Traded Funds, which mimic the performance of indexes like the Dow Jones Industrial Average, Nasdaq and the Toronto Stock Exchange, he said. Seago had more faith in the ability of individual investors to do the legwork and research necessary to make responsible investment decisions. Investors uncomfortable with that kind of responsibility and control can still opt to use a professional broker, although that advice comes with a price, he said. "I don't think either method is right or wrong and I don't think any one of them in particular adds more or less volatility into the marketplace because people are still going to make decisions to invest based on what they know," said Seago. Meldrum warned investors away from trying to time the bottom of this bear market and advised against speculating with any more than 10 per cent of their wealth. He also recommended a 10 per cent stop loss be applied to any speculative investment. CIBC World Markets released a report last Tuesday suggesting the stock market was near the bottom. The S&P/TSX Index finished that day near 9,400 points. The CIBC report predicted it would finish the year at 9,500 and finish 2009 at 12,000. On Thursday, the index endured its second-biggest one-day percentage drop, plunging 9.02 per cent, or 765.8 points, to finish at 7,724.76, the first time it has closed below 8,000 since December 2003. © The Windsor Star 2008 paragraphs in bold were made on purpose: erie

I notice the topic of upthrusts has not been mentioned. Does Wyckoff place any importance on upthrusts itself or does he mainly look to the follow through/ no follow through? erie

On the NYSE , Oct 13th was a 90% up day , but today wasn't. Data to be confirmed tommorrow. erie

Tannis Should add that I do not depend on stockcharts for highs and lows. The data for some reason does not follow with my calculation from a program. Also in calculating the 90% days, I just take the adv and decl and add those two togther to get total (volume and issues ) on the spreadsheet and take % from there , and ignore unchanged data all together. Therefore I don't use the data from stockcharts for the total volume/ issues. erie