ammo

i talked to a freind at UBS and he said on his street all the houses are around a million dollars,he said if one was sold at foreclosure for 200k,that the value of all the others would artificially drop,the banks are having the same problem and artificially dropping in value becuase all the other owned real estate is only temporarily deflated in price and when this housing market stabilizes things will be o.k. I don't know if that is 6 months out or six years but i would bet on the six months.

if your quick enough you can watch the tick during the shake and bake,and also have a comparison chart of uvol/dvol on your screen,those two indicators along with volume at a supp/resist line should take away a lot of the doubt

for the 3rd portion of servo's post,there is a book about letting go of ego, " A New Earth",it makes no mention of trading,but it does give a few clues about how to be honest with yourself,we're all in denial to some degree,you have to get rid of that to become a good trader,as far as all the technical stuff,start at big charts .com(free) and download there interactive chart on spx or dow and start drawing trendlines,there is a section on there that will tell you how,you can start watching the market bounce between them and break thru them but you will get a sense of a bigger picture,good place to start

by the way,this is so far a 3 boob day like last monday,there is a chance we trade back up to 1252 on spus

i wasn't offended oac,i've read your posts,i just used it as an opportunity to expose the value/or lack of, taunting people on threads,i'm interested in any trading site that can improve my bottom line and when people come on here and emulate sword fights over the toilet like a couple of 8 year old boys,they are embarassing themselves,and its a lot of crap that others have to read while searching for trading info,good luck,i'm enjoying your posts p.s. i mentioned on here that those could very well be drew cary's boobs and didn't mean to offend any of the ladies

i've been crying all morning,had to open 2nd box of tissue,over oac's comment,seriously tho,if you get insulted,and don't respond or respond like a gentleman ,any barbs should just burn themselves out

have you tried weekly market profile charts with only 1st and last hour data?

you coudl open an acct at think or swim, they're free charting package is excellent

mc, thanks for the research,i'm not savy enough to post, transport, a chart,someone on tl gave me the link but the skill level was over my head,anyway,if you go back to 87 and look at the chart preceding the oct black monday dow you will see a 3 step pattern where we retraced to the bottom of the 1st step,that would be 10700 on your chart,if you look at the nikkei in 89 it had the same pattern and then made a 4th step,it sold off and blew thru the bottom of the 1st step,the dow chart you have up could have 4 steps starting around 10700

atto,thanks for the link

on a 2 year june 06-june 08 we are at the lower portion of drew cary's boob ,1210- 20 is the single bottom print on this weekly letter chart, there is a small cleavage at 1290-1300,that we should fill with any rally,a small ledge under 1320, a nip at 1330-40.another cleave at 1350-60 and the big nip range is 1385-1435

gsx,we hit your 1275,do we bounce or drop

i bought the 130,131 put sprd up there and reversed out of it this morning shorting the 133,131 put sprd and covered on close for a loss,brilliant,i was hoping for an oversold reversal and it never happened

firewalker and mc,since u are discussing lines ,when drawing lines on dailys and hourlys,i sometimes use the candlesticks and draw lines on the body tops/bottoms and not use the small extensions where there was no volume,it sounds dumb, but a lot of times when a mrket turns above or below your line u will see the line they saw when drawing on candles, just food for thought

dow has 30 stocks,all blue chips so heavy capital,er has 2000 stocks,es has 500, may have something to do with it,i dont trade the dow because it's only $5 a tick

there is a recent book out by lawrence McMillen that covers that subject,how to read the cboe put/call ratio

that is rallying on lower vol so it should fall,to place your bet you could buy the 110/100 put sprd in uso, your risk is defined and u could roll up to 115 if you were early or roll down to 105/95 if you are right,i assume they trade in 5 point strikes ,they may even have 1 point strikes

thanks wave,another gann guy has this date, edit he has fri but this date was the 11 th ,then 16th and now the 20th,this one is tricky, a lot of guys are getting diff dates

why don't you trade it thru a freinds acct or have a freind trade it for u, so you can profit and go out on your own

there is a tl from 3/17 to 6/12 that is 1337 on es ,if we break that there is another at 25 and another at 17,37 was also fri low and 36 todays

sorry wave, can barely type,i'm a bad techy, don't know how to post up a chart,so i give the spots to look for and let people see for themselves, i'm sure your up on drawing trendlines but a lot of guys are still learning and it's good practice,by the way where are u looking for es to be by fri?

the nip is the widest spot on the pennant shape in mp, the cleavage is when it makes 2 pennants in 1 day,it leaves a gap in between,jun 12 in sep es ,there is a nip at 1343 and 1351, there is cleavage at 46,we are trading there right now at 6:15 cst,we should touch 43 and possibly go back up although it doesnt look too promising, and bear mrkt wise if you look at dow trans you will see a break of a multi year channel also,unless we get back above that tl we are in a bear mrkt, yesterday that line came in around 5295,there is a shrtr tl starting jan 08 if u look ,you will see we are just under it,more bearish,fundamentally the rails start slowing down as the factories stop ordering or shipping new product

i've never seen a magic wand that u could wave to fix your car ,turn water into beer,etc,there is only one way to succeed and learn to trade the markets and that is work,work,work, only thru that exercise u will learn and profit

you never know if its a trend day until the market closes,but if it gets to the next nip and the bounce doesnt bounce much and you have left several single traded prices, a wide cleavage,chances are it will drop to next nip,you should be prepared on those days with daily trendlines drawn that you can easily refer to so you know where to get in or out of a position since it picks nips or trendlines for major support and you wont know which til after the fact