Wedneday - 9/20/06 R1 - 1336 PP - 1329 S1 - 1324 *** The market dropped hard and now has rebounded to pretty much (edit: make that past) its exact Open from yesterday. Support came in strongly at S3 and the market didn't look back. If you want to play the Pivots straight, R1 @ 1336 should do a pretty good job of holding the market back, if it turn before or shortly after hitting it, look to use whatever method you use to initiate a short *** While I will continue to make commentary and post charts of setups, I will not be posting when in a trade on my own account, it's distracting, and ultimately, unproftiable. Best Regards, Jimmy Jam
Price action is currently above the previously established value area made by yesterday's Open vs. Close and should head to at least 1336 (actually since it has broken it now) R2 represents the line in the sand at 1341. If price action goes back into value area and holds, look to buy the retracement, but if it enters it and trades through down to the other side, keep the shorts. JJ
JJ badgering - rude ?? I asked for the charts you seemingly forgot - with a smile by the way May be you mixed up some posts - if not you ought to try to refine your manners and your basic TA discourses as well. Quantity is no substitute for quality. Good luck Charly
You didn't see the 10 charts that I posted before you made your post? OK, if you didn't see them then (which I doubt), it was my bad. Since you have seen them by now, you need to re-read (at least part of) the thread. Oh, I know, that would be too much work. Nope, I think you mixed up yours. Speaking of which, since you don't seem to be getting anything from the thread, I don't know why you continue to post to it. Technical Analysis, hmm. There was a guy who was constantly trying to get me to use TA on this thread, not understanding that this is an experiment that I'm using to add refinements to my very proprietary models. He even went so far as to post charts and discuss trades that should have been made along the lines of classical technical analysis. He recently puked-up a nice sized (well, for me) Long position in the recent downturn, my analytical models (which this thread helped me put together, btw) said the market was still in a strong uptrend, and this was just a move to shake-out the Weak Longs. I also said that the market wasn't ready to sell-off yet, and that it would recover at least to levels that it had opened at. And it did. I asked him why didn't he hold his position, he drew some diagonal lines that formed an "X" and said "well, my analysis showed ..." *** The markets are mean reverting mechanisms driven by FEAR and GREED. Period ... btw, he wasn't the first experienced trader I saw who took a puke, only to see his position move strongly in his favor shortly thereafter using technical analysis, and he won't be the last. So much for Technical Analysis. It's good for, well analysis. As for the manners part. If you read 1/2 of this thread that I put together, your clue-less butt should be thanking me, not talking about MY MANNERS. Especially since the guys who really have a clue, will only give you that ... a clue. I'm just good with running with'em, don't blame me if you aren't. ... This thread is an experiment that I'm using to generate ideas (for myself, and others who may want to use it for that purpose), based on my findings, I make adjustments and additions to my own work. If you get something meaningful from it, good. If you don't get something meaningful from it, even better. Thank you. You aren't the first person to wish me that, and I'm do'in very well (and keep getting better). *** This post has confirmed my decision to use this thread for information purposes only and when actively trading my own account to stay away from the blogging. Regards, JJ
You want to use Technical Analysis? The market is back at it's all-time high, first made in May (anyone say something about mean reverting, fear, greed, oh, I know, how about "it's different this time", hell, the only thing I left was manipulated, but we really don't have to go there). Just in time ... heh I don't trade'em, but options traders need to start loading up their PUTS. Later, JJ
don't worry charly it aint you. this cat jj is cracking like an egg. he thought he had this snakeoil fixed but now its even worse. hes scramblin around trying to fix it, which you have to admire. but at some point you ought to just shoot this dawg, it aint gonna hunt. take that wallet off your hip and shell out 30 bucks for something that kicks ass. you aint got your own weather radar, so why do you think you need your own market radar.? this is getting painful to watch jj. yesterday you stopped your long right before the market rallied(dont worry ball missed this one too), then today you were yelling sell all day. http://elitetrader.com/vb/showthread.php?s=&threadid=74860&perpage=6&pagenumber=112 anywho, i'm glad to see you aint posting the live calls so much anymore. that's a surefire way to cut down on the bad calls. your bud, the shack
where you been schack? boy, have i missed you. that's the beauty of it. anyone who doesn't want to learn anything can buy signals anytime they need the "quick fix" ... and then brag about it. :eek: Later Poser, JJ
just keep everything honest, that's the only thing in the past you had goin. lately you been slippin some bs into your posts. serious though, i like the way you analyze stuff. kick the pivots to the curb and focus on something else that sucks like elliot, or fibbocrappy. youre a smart guy, hit us with some chaos theory. i tried using that stuff at party poker, gave me a splitting headache. its so complicated no one will know if youre bsing or not.lol oh yea,its the shack, baby
ROFTLMAO - Oh well, at least you're here to entertain me while I put this together at 3am in the morning.