There were some good setups today - CEPH was my best. CEPH gapped up and stabilized in the upper-half of the morning's range. The seventh bar was the narrowest of the morning (NRM) and an inside bar that closed green and formed on support (the halfway point between the morning's high and 50% retr ... Read more

I am still trying to migrate from del.icio.us to Tumblr for my links ("THINGS I FOUND INTERESTING AROUND THE INTERNETS"). But frankly, it is low on my priority list! Here are a few links I wanted to share: Via Stockbee, "Everytime the S&P has made 10 days high (indicated by red spikes) in la ... Read more

I thought this piece in The New York Times was interesting - to be sure there are many sides to the story, many tragedies, and much irresponsible behavior. What happened to the victims of Bernard Madoff is terrible. But every day in this country, people lose money due to financial fraud or neglige ... Read more

I received the following email from Greg: "X, I wanted you to know that the halfway point you reference is coming in handy. I am still trading the classic style using the previous day's range, but I have incorporated the halfway point between the 50% and high/low and the halfway point between the ... Read more

note - read the post on "Good Karma" and RJ here . vp3434 (I assume that is not his real name!) asked this question in "Comments": "Now that you trade 10m charts, I'm wondering how you do things logistically. For a trade like ENER today, did you run your gap scans at 9:40, start scanning the r ... Read more

I watched Stewart grill Cramer last night and was surprised at how Cramer acted. He took a beating, and hardly argued or disagreed. I am not sure what his (CNBC's?) strategy was here. It is entertaining, nonetheless. .cc_box a:hover .cc_home{background:url('http://www.comedycentral.com/comedycen ... Read more

Long time readers know what "Good Karma" is and have contributed generously over the years. For those new to the site, here is an overview of "Good Karma": I freely share my knowledge and materials, and enjoy communicating with all of you through the blog. There are no strings attached, but I do ... Read more

It looks like the uptick rule will be re-instated next month. I am not an advocate of it as I don't think it will solve the problems we have. It seems - in my humble opinion - that lawmakers, business leaders, and everyone else should be more concerned about the fundamentals of the economy and how t ... Read more

There were some nice pullbacks today. WYNN was the best trade for me. I entered on a break of the tenth bar's high. The tenth bar was a narrow-range, inside bar that formed on the halfway point between the OR high and the 50% retracement. There are some who might have entered on a break of the fo ... Read more

I did not trade Monday, as I spent the last three days doing some work around a rental house...trimming trees, cleaning, repairs. I will be back at it today. On a sad note, I received word that RJ passed away at the end of last week. RJ was a great contributor - giving freely of his time and knowl ... Read more