Registered: Mar 2012
Posts: 251

Didnt Jesse Livermore also talk about getting out of the stock which didnt make it above the last high? Forget the big caps, look at the small caps...the IWM...that is the etf of truth. It didnt make it over its last high and looks to be weakening. Tops are certainly not made overnight, but over a course or weeks or months. Its already been several weeks and we are going into May...so do we wait until after May when the market has sold off?

Registered: Jan 2005
Posts: 121

---

Quote from logic_man:

Livermore said that "the first and last eighths are the most expensive". if we really are going into a 2-year ranging market (presumably, this initial leg down will go to the bottom, or near to the ultimate bottom of the range), what this thread is trying to do is catch the "first eighth".

Again, to reiterate my point, that is bad trading strategy. Let the thing confirm first. By a conservative reckoning, we need to break 1330 first.

---

Registered: Oct 2010
Posts: 1489

---

Quote from blowingup2012:

Didnt Jesse Livermore also talk about getting out of the stock which didnt make it above the last high? Forget the big caps, look at the small caps...the IWM...that is the etf of truth. It didnt make it over its last high and looks to be weakening. Tops are certainly not made overnight, but over a course or weeks or months. Its already been several weeks and we are going into May...so do we wait until after May when the market has sold off?

---

Registered: Sep 2011
Posts: 1519

---

Quote from blowingup2012:

Didnt Jesse Livermore also talk about getting out of the stock which didnt make it above the last high?

---

He also blew up (pun intended)..... several times.

Registered: Mar 2012
Posts: 251

---

Quote from logic_man:

The selloff in November was worse than what we've seen so far and it eventually resolved to the upside. As I said, I think it is premature to say anything about where this is going to resolve.

---

So you are telling me that this chart might resolve upward?

Registered: Aug 2007
Posts: 549

Fixating on charts and TA is fixating on the past to predict the future. Fundamentally, *corporate profits continue to increase,
*real estate is bottomed out and turning the corner,
*governments of the world are living in a glass house of transparency where they cannot continue to borrow to get elected much longer
*the noisy news of goverement debts will soon get drowned out with the reality that corporations have adapted and are growing profits which is what the stock markets of the world are really truly all about.

Governments need to get their acts together like the corporations have!

How can you have a real CRASH when corporations are doing so well?

Advantage Futures

Futures Brokerage & Clearing

AMP Global Clearing

Futures and FX Trading

Bright Trading

Professional Equities Trading

CTS

Futures Trading Software

DaytradingBias.com

Professional Trading Analytics

ECHOtrade

Professional Trading Firm

eSignal

Trading Software Provider

FXCM

Forex Trading Services

Global Futures

Futures, Options & FX Trading

Interactive Brokers

Pro Gateway to World Markets

JC Trading Group

Direct Access Trading

MB Trading

Direct Access Trading

MultiCharts

Trading Software Provider

NinjaTrader

Trading Software Provider

OANDA

Currency Trading

optionshouse

Option Trading & Education

Rithmic

Futures Trade Execution Platform

SpeedTrader

Direct Access Trading

SpreadProfessor

Spread Trading Instruction

thinkorswim by TD Ameritrade

Direct Access Trading

TradersStudio

System Building & Backtesting

Trading Technologies

Trading Software Provider

Trend Following

Trading Systems Provider