may be leaving the station

I also had that one.

Thanks Matt.

Pat

Add back the Summation Index and the RUT charts.

Thanks,

Pat

Blue is 9, Red is 39

You made me LOL

Thanks,

Pat

QID

I am getting updates from AMTD and IB

My charts update but not the quote line

I show it just triggered at 41.40

Not yet

Thanks for the heads up. Have a great weekend.

Pat

VIX seems weak considering how range bound the market is.

Thanks Ravun,

As a new member I really appreciate the detailed explanation.

Regards,

Pat

Bill,

What timeframe are you working in. There are some key levels right around 837 and 838 in the S&P

837.15 is a 50% retrace from the Nov 4 highs to the Mar lows

838.01 is a .618 retrace from the Jan 6 high to Mar lows.

If we push thru we will head for 855. If we fail here then the market will pull back and the 3rd time will be the charm.

At some point we will get a pullback and the important thing is to buy the break. Untill we see the buyers lose control those are the cards we are dealt.

Pat

I have only been here a few weeks myself but I am pretty comfortable with the output. Many charts during the week lay out the bigger picture and I keep those in mind as I watch the market evolve. I like the alternate scenarios in a shorter time frame as it provides a way to assess the market doing something I did not expect. There are several short term traders and a lot of chatter during the day about the short term charts but that is fine with me. Some of the info helps me in my assessment and some I ignore because it doesn't fit into what I am doing.

I consider myself a swing trader and have my own approach to the market. I don't normally use EW but I am a big fan of Fib and Gann. Matt and Steve seem to use EW to create a "roadmap" that approach works for me. I also note Steve putting up a sticky tonight pointing to 821.50 S&P as possibly indicating we are going a lot higher (my words - fits my expectation). One thing this market has not done since 3-10 is give large buyers a chance to accumulate size on breaks. Another thing I noticed was someone complained about losing because he went short. Matt ( I paraphrase) reminded him the intermediate swing is currently up and shorting is now tougher to capture profit.

I hope you stay for a while. There are a lot of very helpful traders here. I believe it will grow on you. If after a few months if it doesn't fit your style you should look for a site that has more of what you are looking for. I have tried a few different places and this one feels comfortable for me. Another suggestion I have is to watch the blog for commentary from people who might have a similar approach as you and run your questions directly at them.

Good luck,

Pat

Here is link I use from the WSJ - look under market diary

http://online.wsj.com/mdc/public/page/marketsdata.html?mod=topnav_0_0002_public&refresh=on

Steve,

Could you add the Summation Index chart to the sticky at the top of the blog?

Good report last night - Thanks

Pat

NYSE Up Vol running only 3% of Down with 15 minutes to go.