I now have Investor/RT Pro with Market Profile!!!
Posted by MC on Jun 28, 2009
http://www.tradersbase.com/forum/broker-platform-reviews/882-investor-rt-professional.html
I have created a thread to show why this is such an incredible software package/platform.
Tune in as I’ll be doing training on market structure using market/volume profiling as well as other techniques. 
Feel free to sign up and ask questions in the forum. I’m more than happy to illustrate the capabilities of Investor/RT.
Big thanks to Chad at Investor/RT !
How was America built on IOU’s???
Posted by MC on Jun 21, 2009
http://www.tradersbase.com/forum/general-discussion-misc/757-propaganda-america.html#post6401
If you haven’t seen the videos they are a must watch! America is like a pinksheet penny stock, pump and dump. The question is when will the real dump begin…the pump is never ending in the news and media. We surely saw some dumping on that HUGE drop, but the bailout $ was used to prop the market up IMO. Pump up the jam. 
I’m getting ready to scale some more out of the 401k…
Posted by MC on Jun 5, 2009
Today we smacked that shorter term trendline (I highlighted it red) I had there all along and got some rejection/selling pressure. I’m kind of expecting a push a bit higher to 9000-9100 which is HEAVY resistance from so many angles and concepts. 9000 is a good psychological level to seek a reversal just by itself. I do anticipate it upthrusting even higher where we may get massive hidden selling, but being delayed order execution I can’t time the 401k moves as well as I’d like. I’ll just do my best and try to sell into a push up/strength. We’re bound to get some volatility spikes shortly, remember that a candles CLOSE is all that matters, though the wicks should get wild showing hints along the way.
Sometime next week I’m moving another 30% of my 401k to stable value. That will put my “stable” funds at about 70% of the port. I’m just not willing to risk this resistance holding with what little of my nest egg is left. 
I will likely ditch the remainder at a later date if we push higher, for now I’m happy with the allocation and strategy. If somehow bulls push this thing I can always shift back to other funds, but for now I wanna put my $ where my mouth and my TA is. 
Remember back on 5/12 is where I cut the first slice to a “stable” fund. Scaling out FTW…there’s no telling where on the dot this will stop so I’d prefer to cut risk down as we rise incrementally. 
I could be dead wrong and bulls could make this year a legendary one…I’m sticking to my TA and laws of probabilities myself though. The macro trend is my friend…for now. 
POC tested…in balance. Which way will she go???
Posted by MC on Jun 4, 2009
This new weekly chart shows the Point of Control being tested already. The green arrow is upside potential (assuming the supply range holds) and the red arrow is the downside potential (assuming the green support levels don’t hold). Range bound is ok to make moves in, but either use the range extremes for entry and stops or employ some scaling method using the extreme levels as stops. Or use range breaks to enter of course…breakouts are a very sound way of trading. In range the market is said to be “in balance”, and when balance is disrupted it tends to move to the next level of “balance” for testing. 
Enjoy!
DJI chart…a longer term view
Posted by MC on Jun 4, 2009
That red level would push us to fill the long wick on that wild candle down. That’s market excess and there’s lots of pain/supply to be found in that dead cat bounce area.
If we hit mid 9000’s and show rejection on the tighter timeframes (daily, 60 min) I’ll be unloading some more of my 401k into stable value funds as planned. That’s the area I could foresee capping this rally.
If we pierce into that red supply zone I could see investing but with a trade style stop. Once inside that range we MUST hold or I would run to the hills as they say. Though all in all I think one is nuts to buy long into all this supply. Bulls either bought awhile ago or they should wait and pray for supply to prove broken and buy new found support. The support would be the top of the red zone and should be confluent with the bottom line of the downward sloping channel. Simple as that IMO.
I’m not saying longs can’t squeak more $ out of the rally, just that the upside to downside risk is rather bearish at this point.
Updated ES chart
Posted by MC on Jun 1, 2009
If this can hold we may see some pained bears running back into the woods for a bit.
