one thing I will say, that even if we took away the market updates (didn't do them at all), this website is cheap.  Prices are the same as they were back in 2004 and I have added a lot to the website since then.  Plus the mechanical systems alone are worth the membership price.  Go look at 'thecollective', they have mech systems there, but they are black boxes (don't tell you the parameters), and the good ones will cost you $300 - $400 per month!  Find a website out there that freely gives out parameters to their systems?  Most do not, and the ones that do are insanely expensive.

Plus, I have a lot of custom useful indicators here that are useful for market trends such as the NAAD, NYSI etc,  the gold stock systems like the GDX/GLD ratios etc.  We have a lot of stuff.  Now could it be organized better?  Yes of course, that's what I'm working on, getting all this stuff into organized sections instead of spread out through the newsletters. 

I have a mechanical system for trading GDX which is very good, but I have not released yet.  But with these complaints, should I really release it?  I work my ass off and get beat up for it.  Maybe I should just shut BPT down and have  systems website, but charge a lot more for it, it's getting to be not worth my time.

Here's an explanation that might help a bit. Trading the markets is hardly ever about predicting which way it's going to go tomorrow. Probabilities and possibilities are the best you're ever going to get, simply because no one knows for sure. And if you're trying to trade based on predictions, then you might want to rethink things. (As Steve always says, wave counts, etc. are roadmaps and guidelines.) So how do people make money on a regular basis if they don't know the market's direction? It's simple - they make low risk, high reward trades in the direction of the market.

Here's an example. Let's say a stock moves down to the bottom of a rising channel and stops at the lower trendline. You buy, and set a 3% stop loss underneath your position (below the trendline, and perhaps below a key moving average). Then you set a 12% profit target near the upper trendline. You're risking about 3%, but giving yourself a potential gain of about 12%. So which scenario will play out, up or down? With these odds, it wouldn't matter if you had only a 50% chance of your trade working out (which is about the best I can muster even when all indicators and short-term moving averages are heading in the right direction). You'd still be making money on the balance of your trades if most of them looked as good as this, especially if you managed to cover yourself with a stop on the initial move up.

So trade low risk, high reward trades in the direction of the market and you should be fine. And what's the market's direction? In the short-term, it's where your 20 and 50 day moving averages are pointed (up or down). Dips to or below these MAs are often short-term buying opportunities, and is often when you see stocks hitting trendlines and intraday charts getting oversold.

I hope this helps.

I provide the various scenarios and you NEED to develop a plan in accordance with you trading objectives and risk tolerance.  You cannot rely upon someone to tell you that the market will do anything with absolute certainty in the short term.  Sometimes there are clear patterns (like last night's falling wedge) in the short term which make for increased probabilities.  

If you found it to be useless then you have no idea how to trade the market.  The market is NOT SOMETHING to PREDICT with certainty.  I present the various scenarios that are possible (and will attempt to prioritize when applicable).   I have posted an additional chart above that you may find useful.