I really don't think anyone here has been disrespectful, if anything, I think especially in the beginning, members were afraid to voice their true criticisms because they didn't want to be asked to leave.

I think members should be able to make criticisms of the system both good and bad. Sometimes it helps to have other opinions too.

The membership fee to the system is steep compared to the performance and there had been mention of some "free time". Since then, no one has addressed that.

I'm not sure what happened to my earlier post (possibly removed?) but I was simply stating a fact regarding costs associated with membership and how that impacts statistics as well.

I had stated in so many words that based upon a $10,000 trading account, 2.3% would be a gain of $230 but with memberships costs included ($600 for 6 months), this would actually not be a gain at all. I think it's fair to look at this in a critical way especially with the recent performance over 6 months of the system.

I can also state that most people that have a membership at Breakpoint Trades are not buy and holders but traders. So the fact that the index lost money in that period probably doesn't apply to most here to use for comparison.

You may want to at least put a trailing stop in since we are so oversold on the SPY.

Nice going and way to stay alert as to what's going on with this signal. It's paying off to all those who followed it!

Sounds promising, are you still in the short trade?

I dug deep and went further long in an S&P fund in my 401k yesterday. I just kept telling myself that I would buy at each major fib level down to test Feb 09' lows. (and this seemed to be the 38.2% fib). I also kept telling myself if wrong, I've got 15 years to retirement!

It would have been okay to catch the falling knife in March of 09' though...right?

I'm going to do the same with a little bit although it doesn't feel good!

My sentiments too!

Michael, to see you get emotional is a little scary!

This feels like we have some program trading going on with all the stops being hit at once in the market. Is the world going to be here tomorrow? If so, I guess I'll follow the last and final buy on the system at the close.

Tom, As the close approaches, are there any changes to the level based on the lower prices?

Thank

Thanks, yes, thats exactly what I'm referring to.

From a recent post of yours:

In the near future I may play the systemwith an automated ES version that I am developing, which scal esout and into trad es, but more work needs to be done with it.

If I recall you are referring to a version of ES trading (a system) that you would use to trade the swings that occur while in a SPY system trade.

Maybe I misunderstood your purpose.

Mines posting 128.79, miss by .04?

That's true I imagine you would have to be pretty quick to react!

It's days like today that make me realize how much money is to be made trading within the system. Matt, whenever you feel comfortable with your ES system and if you ever decide to share it, I'm all ears.

Thanks for your great charts and the fib targets, much appreciated!

Thanks Steve, that makes sense!

Thanks for your thoughts Steve. I had placed a stop at about 5.7 to give it a good amount of room but now just wondered if it would be appropriate to move that stop up or would the volatility take it out? I have done some fundamental research on the stock and they aren't yet profitable but have a lot of potential. I like it for a swing trade but just want to have some type of stop in mind and also wonder if it would be best to make it a mental stop so the volatility doesn't take it out.