FWIW gold futures (daily) are putting in a very long tailed hammer off support as of now. This is not reflected in GLD market hours only data. Of course we'll have to see how the day finishes.

Re: solars that's because of the SPWRA news. I was lucky enough to own some of this stock but unfortunately got stopped out of STP 2 days ago. Win some, lose some.

Funny, I was just looking at AIG...

Bottom picking chart

USO

Hmmm... JMHO but I would wait for the trigger. Also you could backtest this strategy or paper trade it at least. In the time slow stoc 60,3 has remained above 80, $SPX has run from 1308 to 1320. Who says it can't stay overbought? How would you be stopped out if you don't have a trigger? Just thoughts...

I agree that Prechter gets unfairly made fun of. It's easy to point at all his wrong calls, but when he gets it right, I hope for his sake (and those of his subs) that it makes up for all the wrong calls. As with any system, one has to follow it in its entirety. Nicholas Nassim Taleb of Black Swan fame for example, has a trading strategy that may lose a little every year for a decade but when he wins, it's big enough for 20 years. I don't have the mental fortitude to trade like this but I cannot fault this strategy if it works.

There's another called I_got_Prechterized in some of the blogs I visit.

Looks like you're paralyzing yourself with over analysis. Why don't you use the chart that you've drawn yourself? If we pullback to support you can take a position with tight stops below. If you're afraid that the train will leave without you, start averaging in now. Size your positions to manage your risk. Have your stops in place. Since you wish to swing trade, if the position moves in your favor look for a method to pyramid up (lots of info. out there on this). This way you trade the chart and you'll have a trading plan. Good luck.

Thanks for the overview, was interesting to see the comparisons. A nice gesture for your foreign members of which I'm one...

Ipwise I noticed on the screenshot of the chart you posted before that you are using the indicator with a time period of 17. I believe that Matt has a setting of 23 which if you take a look, is much less whippy. FWIW

Can't confirm this since I do not use these services, but from what I've gleaned on past discussions you can set up the strategies in Tradestation and use Tradebullet (a sub. based service of Tradestation) to fire the signals in Interactive Brokers. IB has a Canadian branch but you'll have to investigate if TradeBullet will work with this. Tradestation has also had problems with availability of shares for shorting integral to many of the systems, so I know that some members use this particular setup as IB usually has shares for shorting. Hope that helps.

Hola, how about a chart? Thanks.

Look up retracementlevels.com.

Let's not lose sight of the REAL PRICE of the $SPX

$SPX:$GOLD

Cool dog. Have fun.

Lucky you! I LOVE lobster and it can't be had where I live. I'd stock up my freezer if I were you. Mmmm... imagine pasta with lobster as a mundane dish. Or lobster with black bean and chilli sauce. Or...don't get me started.

check stockcharts.com, also free for daily and longer charts. 89MA now at 1070.12.

$SPX weekly

I know how you feel because I'm running some of the systems myself but did you see how the FAZ 1min system performed?

Yes, consistently quite a few. They are a great feature of BPT and many would be surprised at how much discipline is needed to stick rigidly to the system trades if you don't have them automated. Furthermore they are profitable....