Recent content by semiopen

It's easiest to see patterns after they have formed. You misidentify the current pattern as a triple top. If the S&P would reverse from the up trend at this point, we would have a triple top. It hasn't done that. Like I said, I think the pattern is bullish. In any case, I'll trade...

The market made a convincing reaction off the double bottom in 2009 to get where it is now. The down slope of the bottoms seems trivial to me, sort of a head fake. Chart patterns of this size are very rare, but it probably means as much as similar shorter term formations. Which is not too...

It could be a double bottom as opposed to a triple top. My current impression is that the chart is bullish, maybe suggestng a move to 2100 or so on the S&P and 17,000 on the Dow. Admittedly, at first glance it looks scary.

If you sell puts you have to have enough money to buy the stock at the strike price. That means that you would need about $17,200 to cover a single short AAPL put in a cash account. If you have this kind of money at IB , some people might not call your account little. The simplest way to...

Gold isn't worth the paper it's printed on.

You could look at futures volume... in fact trading the futures contracts isn't a bad idea.

The new security system went live today. Anybody else have any issues. Haven't been able to sign on to account or web trader.

It's a little puzzling that nobody has mentioned the obvious... They have absolutely no clue how to make money... It's all pretty much random.

Volume is critical unless the market is moving in the direction that you expect.

Plus your broker probably won't charge you real good commission rates... Haven't read all the posts here, but you really shouldn't be holding a short option position when the option has little or no premium.

Immediately after the crash the driver's boss said he deserved a medal for good driving or something. The driver is responsible for how fast he is going and the safety of his passenger. That being said, and as a lifelong democrat, Corzine should be recalled.

I might misunderstand this but a broker usually allows you to enter a net debit or credit for a spread order. Market orders will probably lead to inferior fills. My opinion is that it is better to leg into the spread, that is buying or selling one side and then taking the other. Obviously...

A guy in another thread mentioned he only enters market orders. Personally, I never enter market orders. One could enter a limit order to buy at the ask. ES has almost 10 times the volume of YM. There is less slippage on ES, but it also depends on the depth at the given price. If your...

Some of the advantages are there are only 30 stocks which are fairly easy to follow the index is not weighted by market cap,m etc as opposed to the others the companies comprising the index are all blue chips and have high volume To each his own of course.