I also had an issue with Ninja that cost me as it triggered DOUBLE the amount that was on the order then reversed.

I think that the 60 Minute charts that Matt and Steve put up with the 7/21 crossover system is probably better but we need to do it manually.  The histogram has already crossed up and the other indicators appear to be getting close.

Fina

Is there a fund to buy to short GDX?

THANKS so much for updating the dynamic links all the time.  I really appreciate it.

I keep wondering about the Phi mate date so maybe we will get a bit of a turn around here.

FinaM

The fact is it does not matter what these guys do it won't work and the market will continue down in the 5th wave.  I feel sorry for Obama.  Some floks thought that he gave us some hope but like Matt or steve said we go down the "Slope of Hope"  Also wave E's usually end with NEWS.  Fina

The SKF 1  minute (36/39 EMA) and 3 minute (9/39) systems both returned 12% today, each with just one trade.  FAS was better but I don' t yet have it set up on my trading system.  If we really are at the beginning of the 3 Rd of 5 or just ended the E Wave we should be in for a THRUST down to below S & P 761 and maybe even Much lower.  Amazing how the EWF folks new this. (and Matt and Steve) If you have the EW  Priciple book the part about Triangles is on Page 49.

Quote "Despite their sideways apprarance, ALL TRIANGLES, effect a net retracement of the preceding wave at wave E's end" 

"A triangle always occurs in a position PRIOR to the final acionary wave in the pattern of one larger degree, i.e as wave four in an impulse"  Fina

I had a question on the number of trades and Drawdown so here it is.

1 Minute 151 Trades and 12.33% Drawdown 37% Cum Profit since Jan 1, 09

3 Min 89 Trades, 15.79% and 40%

6 Min 32 Trades 11.52T and 32%

15 Min 11 Trades 7.8% and 11%.

I just traded the 1 and 3 minute charts today with a total of 300 shares of SKF and it is up about $3,000 so far today but we are now getting a bit of revresal so how the market heads into the close will make a difference.  The key with these systems is to do them consistantly but I must admit that I have not traded all through the triangle pattern.  Works much better in a Trending Mkt. 

If you want to look at the EMA's for each timeframe, see my previous post. Fina

I optimized the SKF systems on Ninja this morning (as I also noticed that SRS was not working)  Here are the results. All 1/1/09 to yesterday.  All exit on close

1 Minute 36/39 EMA's 37% Cumulative profit

3 Minute 9/39 EMA's 40% Cumulative profit

6 Minute 17/30 EMA's 32% Cumulative profit

15 Minute 17/39 EMA's 11% Cumulative prifit

There could be some BIG boys that have messed up the SRS systems and it also makes a difference what wave count we are in.  All the systems work better when we are in Trending markets.  The triangle patterns tend to whipsaw a lot intra day. (not like we have not seen that recently)  Good Luck out there.  FinaM

Steve:  Nice short update tonight.

To the point.  We don't need a ton of charts.  FinaM

That would be good news if it were true.  Housing should bottom out somewhere near 2011 (or after) As most previous housing cycles have been 5 years.  What we have to keep in mind is that this is a much STRONGER (Grand Supercycle decline) so I would be cautious about believing those that tout that it will be over soon.  One thing that I put down on my notes (since I do residentila home appraisals part time) is that when housing starts (going back to the 60's) see a 3 month uptick then 6 months later the stock market goes up. I am not sure if I even believe that one but it might work for a while at least.  Fina

Can you please post a dynamic chart of this when you go over it again?  Thanks,  Fina

That is page 181 not 161 of "View from the Top" Finam

We might still be in the first wave down of 5.  The second wave might show up on the daily charts (if it wants to)

As always, we just have to wait and see.  This whole 5th wave is supposed to go to somewhere around 625 to 640 in the S & P.  (If wave 5 equals wave 1)

I just read in "View from the Top of the Grand Supercycle" by Robert Prechter Jr.  (Pg 161) that 5th waves of major degree are prone to containing a double extension, in subwaves three and five.

If a fifth wave following a triangle does not stop at a nominal thrust measurement, it is likely to be an especially long extension.

If fifth wave following an extended third wave is not roughly equal in percnetage gain to wave one (at least within a 2/3 multiple) then wave 5 is probably a developing extension with much further to go.

This all means that we COULD have a long and hard thrust down as wave 5 progresses possibly even below 625 of S & P.  (As Dodger says "We shall see")FinaM