Peridot:  Just got home... Beautiful chart. Tks for posting!

sorry. you're right. the srs chart at the bottom is the daily and not the 15 minute

the srs chart is posted at the bottom below the faz

lpwise Tks or posting!  Today in particular Friedman is proving to be right with long bond yields rising significantly even with the Fed buying treasuries on a daily basis running at an annual rate of approx. $1.2 Trillion. This may possibly be  keeping a cap on today's rally.

One of the concerns continues to be the deflation vs inflation debate.  Jim Rogers of Quantum fund fame has been saying lately that he has no shorts in the market as hyperinflation or even a sudden currency devaluation could take the markets MUCH higher, but of course of no greater value on an inflation adjusted basis.

rp Echoes of Noam Chomsky's  "Manufacturing Consent"   BTW my wife is a social worker in a large hospital and when I read your deliberations or should I say "Reminiscences" to her she strongly felt you were immediately eligible for an honorary degree in social work LOL.  From a purely numbers point of view, and if anyone agrees that earnings still matter, S&P eanings this year of $40:00 and a PE of 15 would take us back to 600 on the S&P.  We also know that index PE's have and can go into the single digits.  Either way the director of this movie wil have to work overtime to have us riding into the  sunset.

rp-  Toggled it!  Sorry for the inconvenience. Appreciate your thinking aloud on this.

rp Nice trade!  Can I ask you what your strike price was when you bought the calls?  I'm assuming you were as close to "At the money"  as you could get.

curranjohn:   Just read one of your earlier posts. Once you take a position in an EOD (End Of Day) system you must always exit your position in the last minute of the trading day no matter what. The SRS system is an EOD system!  You must therefore take action accordingly.

curranjohn: You are correct. All the best in your trading.

curranjohn: Yes.  The MA with the smallest # is always the fastest moving.  It is the one that does the crossing.  In this case it is the 9.  Your buy and sell rules are correct but always wait for the candle to expire with the MA still crossed for a buy or sell, as explained in the instructions.

hornsant:  What a beautiful analogy.  Of course by applying these principles, over time, and with proper money management principles, your equity curve will grow systematically. 

ravun:  Thanks for posting the money management ideas.  Of course the first name that comes to mind in looking at money management is Ralph Vince.  .  Larry Williams who is a personal friend of Vince's has has highlighted his work and pounded the table on money management principles  for many years.  I recently attended a seminar given by Larry Williams in Ft. Lauderdale Florida,  where he stressed he felt proper money management was no less than "The Keys To The Kingdom."  IMHO I agree with him.  Thanks for continuing to post top tier information ravun.  I read everything you post. Thank you for being so generous in your "educational" efforts.

ravun Thanks for posting.  Sure recalibrates our perspective on life.  All the best...Vince.

rp Thks for thinking aloud.  I have to tell you that in light of rapidly rising yields on long term bonds I'm surprised how long the market has held up.  Ideal scenario is that the market will eventually fall with the bond yield wind in it's face, and your puts can end up deep in the money!   All the best...Vince.

rp_  I think it's listening to you.  So far so good.  Thks for the chart

You're just a kid!!! Enjoy!.... and kindest regards to your mom as well.

rp:  unbelievable!  BTW I completely agree with your thoughts on where the $ is actually going. Hope you're doing well.  Vince

robin: Yes it was

Last Friday SPG increased their latest common stock offering to 20 million shares with a over allotment of 3 million shares at a price of $50:00 per share. SPG is now trading @ $49:50.  It will be interesting to see how vigorously the managers of the offering, ie Merrill Lynch, JPM and MS will defend that $50:00 line in the sand.