http://www.researchlabtrading.com ResearchLabTrading.com The Market as a Lab, Testing Our Trading and Investment Research Through Prof en-us aaron@researchlabtrading.com http://www.researchlabtrading.com/members/645.cfm The markets are coming up to another crossroads very similar to that in May. The weekly charts are at the point where at the very least another period of consolidation, range bound trading and correct http://www.researchlabtrading.com/members/644.cfm From the standpoint of my day to day trading not a lot of these larger time frame issues may really matter much as I continue to focus primarily on day trading the futures for all but position trades http://www.researchlabtrading.com/members/641.cfm So I've been working with a general short bias for over a couple of weeks now but trading that bias in a very limited way, after all, we still have very few confirmed daily chart downside breakouts. I http://www.researchlabtrading.com/members/636.cfm So we find the market at another key intersection of time and price. Just like the first two weeks of March were critical for the formation of a low so is the last two weeks of May critical in how it http://www.researchlabtrading.com/members/630.cfm I don't think I had actually looked at some of the weekly chart objectives for the Wave 4 move up that should be underway (although I think we see complications within that wave) but I did this weeken http://www.researchlabtrading.com/members/629.cfm So in late February and into early March I was constantly writing about the critical time and price intersection on multiple time frames that was approaching and coming to an inflection point in the f http://www.researchlabtrading.com/members/628.cfm One of the things about using these trend exhaustion indicators is that while you do have price targets you really have time targets and within those time targets you really aren't certain what prices http://www.researchlabtrading.com/members/627.cfm So as we have been anticipating since late November we are nearing the apex of what was expected to be an exhaustion of selling power and the setup for a rally. However, contained within that expectat http://www.researchlabtrading.com/members/625.cfm The title of this article says all we can assume or know at this point really. Prices are still within a weekly chart Wave 4 type rising wedge or bear flag or trend channel, whatever you want to call http://www.researchlabtrading.com/members/624.cfm Starting last Fall and really last May before that (that's 2007) I started to take notice of the confluence of weekly and monthly chart structures that were suggesting that the market would be in for http://www.researchlabtrading.com/members/623.cfm Every weekend I think about something that might help you and me both at the same time, something about the art of the trade or the art of psychoanalyzing yourself really. Well, this weekend I am feel http://www.researchlabtrading.com/members/622.cfm For about a month now we have been preparing ourselves for the very likely countertrend bear market rally on the larger time frames but it also seemed like we were just missing something for that rall http://www.researchlabtrading.com/members/621.cfm It was well over a year ago, in fact it was May and June 2007 when we first started looking at weekly and monthly chart upside exhaustion, this led me to caution about a rough summer, that helped as J http://www.researchlabtrading.com/members/619.cfm I've been thinking about how much I rely upon the intersection of price and time for my research and my trading and I fully realize that markets like this tend to compress time. For me that makes it a http://www.researchlabtrading.com/public/618.cfm My essential theme this weekend is to avoid the big predictions here. Yes, I know there are people saying a crash is soon to come and there are many saying the low is in and stocks will rally. I happe http://www.researchlabtrading.com/members/616.cfm Friday could have been a disaster for me and I am really kicking myself for assuming the market could be a buy on the news and not a sell. But it wasn't a disaster even though I watched a fat profit t http://www.researchlabtrading.com/members/615.cfm Honestly I don't get out much, I don't talk to people about the markets unless those people have some value in their opinion but with the unprecedented action of last week people that know what I do h http://www.researchlabtrading.com/members/614.cfm So the government is taking over Fannie and Freddie, whatever the reasons really are I hope they know what they are getting themselves into. In reality I view the government like the Mob, who was it t http://www.researchlabtrading.com/members/613.cfm I'd really love to bearish and make money on the short side of the market for various reasons but I don't know if that's something I am already acting upon, will get to act upon this week or if I will http://www.researchlabtrading.com/members/612.cfm I can hope, really hope that 2008 has been a breakthrough year for you in terms of dealing with, or really not dealing with a bear market. The ruined careers, major stress, lost money, underperformanc