bobcollett

Hi elovemer, I think you are fantastic, dedicated , hard working and "generally always right" And my ALSI 40 market follows your market religiously Thankyou bobc

josh Your continual insulting posts leave a bad taste in my mouth. We all have our own views... right or wrong. There is the right way and the wrong way to express that view. bobc

Dear zdo You are still talking in riddles Kind regards bobc

Dear zdo Your Chinese link refers. This is a truly frightning picture. I remember , in the 1980's , when Japan was so strong . And I tried to follow their management philosophy "First in , first out" Well , the whole thing was a fraud.! Every Jap was in collusion with a bank/ govt/ other. Now , just maybe , China is in the same boat? I am going to be watching this picture. Commodities will collapse !!!!! Kind regards bobc

Hi Tradewind A thought provoking post So if you dont enter after the second higher high, when are you going to enter? regards bobc

OK neg Your description was the easy part. Now , how do you trade them? regards bobc

Hi neg Nicely explained Mayby you could help Rande Howell with his syntax Regards bobc

001 Thousands of people make money trading the ES. But something is not adding up here. How much money did you get for your 16th birthday to start trading? bobc

The recent death of Joe Frazier reminded me of this story The boxer finished the 3rd round, totally battered, cut eye, bleeding nose,bent ear,bruised ribs. (Ask me . I've been there.) His trainer asked if he was OK.? Could he continue? The boxer replied that the other guy had not laid a glove on him. The other guy was a real poluka. The trainer loooked at him and said.......... "You better watch the ref, because someone is kicking the hell out of you" bobc

Hi neg I am sure you are right AND If you were banging your head against the wall and you wanted to stop the headache, what would you do.? STOP BANGING YOUR HEAD AGAINST THE WALL. If you are losing money trading the ES, stop doing what you are doing! Kind regards bobc

Hi phoenix01 Gterps actually mentioned "Outliers", so I cant take the credit. It is an outstanding bit of research. It also shows that the closer you were born to the 1st January, the better your chance of success. I wonder when steve46 was born? Why should you change? The ES is going sideways. Thats a hard way to make money. Find a bull market like commodities or the Australian $. regards bobc

Hi phoenix01 If you know Al Brooks , then you wont take step 4 above . You will wait for an H1 which is a lower high....... a pullback Then enter on the close of the next higher high. But you can enter anywhere, with enough money to take the pain. Concentrate on the EXIT. Thats where you take your profit I would actually suggest you stop trading the S&P As MM says, you need another plan. So find another market Alternatively find a person to hold your hand- not so easy. Befriend Blowfish. I think hes pretty good. Failing all this, go to Al Brooks website, pay $99 a month and watch him trade regards bobc P.S. Reading more books wont help. You need screen time.

Hi Minoo Kevin McElroy's article makes me wonder, is it easier to trade a bull market than a bear / sideways market? I would welcome thoughts on this. I think it is much easier to trade a bull market Therefore I should be trading commodities and not stocks!!!! And by this implication, definitly NOT the Index. regards bobc

As my late father-in - law used to say while I was courting his daughter," "here's your coat and hat, why you leaving?" bobc

Dear zdo Whats your solution to the USA problem? Where are we in the business cycle? You must reply before 15th Dec. Holidays. No one liners. And bear in mind both the Democrats and Republicans will be watching you . kind regards bobc

Hi Blowfish I rate this best advise given in 2011 MMS will have to give you a prize. Kind regards bobc

Hi rgudgeon Strange name? If you are not trading, how are you supporting your family? The present conditions are NOT going to change before 2013 Trade small , BUT trade. Kind regards bobc

Hi zdo Only questions allowed What has happened to the four other participants in this exercise? Maybe they dont understand Hayek? Kind regards bobc

Hi Laurus I love your idea........... What market? What time period? Your acquaintance saw your chart. Did he see the bar forming? kind regards bobc

Hi Rabit Your chart does not show the big picture It shows consolidation after a rise in price It looks like you are accumulating at the top of the range BUT There is no evidence of Distribution The price went to a new level It did not break the high points It went up and down in a tight range Thats accunalation that could lead to a new high Then suddenly on the 1st Aug the price fell What happened on the 1st Aug? Volume does not help identify the cause. You need something else to identify this . NOT VSA regards bobc

Today I read some interesting information about Credit Default Swaps. As this thread is only visited by intellectuals, I will assume you all know what CDF's are. Now because lending institutions agreed to a 50% haircut against Greece debt, there was no default.!!! No insurance would be paid .No CDF's. It appears that MF Global holds Greek bonds , but thats beside the point. US lending institutions hold 87% of all CDF's . So it looks like the US has been manipulating the Greek fiasco. Germany and France are small fry in this . It looks like US banks could bear the brunt More money to be printed. The US dollar must fall regards bobc

zdo, Do not go to South America with Mr. Jones/Randell bobc

Dear zdo I understand I am only allowed to ask questions.!! What the ..... are you talking about?? (devil) Kind regards bobc

Hi waveslider Heres the chart , numbered. Target 1290 It took me awhile to work out how to edit it. Please comment

Sorry waveslider BBC Born before computers Please click on "latest posts" Go to "Day or night session" Post 19 Verify bobc