Why is it a big mistake not looking at this chart in a while?

Thanks...looks great. I'll try it with UPRO/SPXU.

Ditch,

What are the triggers on this 5 minute chart? Thanks.

Matt,

Earlier this week in your newsletter gave the bullish and bearish chart. For the bearish view, wave 3 down, you stated the market should be dropping immediately otherwise the bullich view, wave C up, would be in play.

Since we are not tumbling impulsively therefore the wave C up towards $SPX 1300 is the preferred count. Correct?

If so we should be looking to scale in longs, correct?

Matt,

Since we broke under the 61.8% level, then B is not finished yet?

Matt, since the MFI is in the middle of its range on the 5 min chart and TNA is dropping, does that mean that there is stealth buying or some sort of strength? Should we be buying TNA on this dip?

vix shot up on the 5 min SPY. Farther away from BB midpoint cross.

This site has interesting observations on the USD:

http://goldscents.blogspot.com/

Yes, it is a tough call. I have seen ECRI's representative go on CNBC and he says that ECRI always calls recessions many months in advance of the market realization of recessions. If their black box is that good then maybe the M2 will start dropping if the economy heads into recession. Please keep those charts up and keep posting them, if you can. Maybe once a month would be adequate. Thanks.

...So since M2 is still growing, and is inflationary and initially good for the stockmarket, do you think that the ECRI will reverse and their prediction of a new recession will be proven wrong? I'm not sure which is the lading indicator, M2 or the ECRI?

Here's the link to my chart:

http://stockcharts.com/h-sc/ui?s=SPY&p=30&yr=0&mn=0&dy=7&id=p65423779202&a=247870006&listNum=1

Pebs, what would be your trigger? I was thinking of scaling into DTO, what do you think?

Steve, thanks for the 1 min chart showing the H&S pattern. I was about to go long until I saw that potential bearich pattern.

Thanks

Is the 19,39,9 MACD setting for the daily? What time frame?

.....Make that 4 times today on the 30 min chart!

Yeah the ADX 14 whipped around 3 times already today.

On the 5 minute charts I think Matt's idea of just following the crosses of the -0- line makes more sense. These move too quickly for me and I use the 5 minute charts just to warn me wait might happen to my 30 minute MACD hist 25,270,25, 5 EMA crosses. 

Haven't seen any information regarding the system. Has the system been suspended?

Woops, meant the 8 northe 5 EMAs are near crossing to the downside.