comment was not aimed at me. I just read your post where you advise subscribers- didn't know you were a BUSINESS. Now I see more clearly what is going on. Trying to stir interest. I too am a short term trader so this is irrelevant to me. I wouldn't want to even hear your opinions about short term trading as they are useless to me- just as is the news on tv, etc. My comment about the 10126 level had to do with being specific in order to be useful to that person. If you were throwing him a bone to get BUSINESS it is much clearer what your motives are. My experience has always been that people who can trade- trade and people who give advice, write books, etc do it to make money THAT way. I look at you with different perspective now is all.
NON-PIGS was directed to Balda if it can reassure you. And I don't try to stir anybody since I didn't mention anything. I said in another post that I retire in fact my model from public offer. It is only reserved to those who was already members as I can't throw them out.
As for short term (I mean intraday) here it is: below 10107.1 is the breakdown zone. <IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=494946>
Hope it serves some higher purpose to others. If you day trade the Dow is this good for you? Let's hope! I would have said it's Greek to me but I don't remember what Greek looks like. So therefore Russian- looks nice but meaningless to ME.
There are a doc but I'm tired of people pretending this or that. You can do and think what you want so do I. What I don't admit is the non respect of other people's work. I have never allowed myself to criticize anybody's work especially if I didn't make any effort to understand it. And so I expect the same from any civilised people.
So you post the charts just for the ego of showing in advance where support is then? Nothing wrong with that! Better than others here.
thanks harry, i just read your post about needing 2-closes under 10138. and thanks for your updates. bgp
This seems like an example of the risk/flaw in a purely numerical/equation oriented approach to anticipating support and resistance - it's easy to lose the larger picture in the details of the math. While an actual market breakdown may well occur, it seems premature to numerically divine a "breakdown" below 10,107 when there's multiple support from 10,000 to 10,115 (and 9950-10094 on the YM). Others may well see it differently (that's what makes markets), but since risk/reward a key issue in trading profitably - a short below 10107 but still above the major support levels seems would have less than attractive risk/reward (at least if one was anticipating a "breakdown").
Harry, respect doesn't come automatically with your ET status, respect need to be earned. And posters posting some useless stuff just to bust their ego do not deserve any respect. You want a respect start your journal and teach. We both registered at the same time and I have ten times less posts than you do, at least I less pollute this site. And why are you so defensive? PS. I do not need anyones advice still holding short in ES from 1122.00