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Not yet. Waiting for a clear signal.

October contract hit 159.800.....and then backed off. Can it break 160 even ? This is starting to look like a blow-off top.

When you say "good level"...do you mean for SELLING or BUYING ? Another idea: could this be an "FBO" (False Break Out) ?

Yep, that last pullback was bot with ferocity......the chart is painting a classic Elliott 5 Wave thrust....we are in the 5th (last) wave. If the economy weakens and consumer discretionary income declines, this could end quickly.

The only thing that could derail the short idea is a huge move up in the equity markets.....making everyone get into that "risk off" mentality. Commodities will float right up on top of the bubble with stocks.

Top was 1.56 and now we are retracing the recent drop to 1.46. We are either going head-and-shoulders here or double top. No way these prices will be supported forever....demand must drop.

More weakness today....indicating the latest rally was totally SHORT COVERING.

Nice breakdown in Copper today. Reason ? Dunno....China data was not that bad.

Look, this can't last. Consumer discretionary stocks are already taking a hit. Note the hit this start-up took recently: http://www.bloomberg.com/news/2014-07-12/crumbs-files-for-bankruptcy-after-shutting-cupcake-shops.html No one is saying WHY sales have dropped. That's the key: sales are...

Have not posted in a while. What's this ? Sept Copper at $3.27 even after weak China exports being reported ? Could it be that copper is hanging onto the coattails of gold ? Exactly. And why is gold going up ? No reason other than for potential conflict overseas that may never materialize. I...

This is exactly the situation. They've painted themselves into a corner. They have to either step in the wet paint or blow a hole in the wall to move the economy forward.

This is an age-old problem with daily data: which came first, the high or the low ? In your case, you need an indicator to tell you if the stop price was hit before the target price. Solution: use 15 minute bars for backtesting.

Oracle's Data Miner has a good implementation and it's easy to use. One thing: The prep work to pull this off is horrendous. To do it right, you have to indicate the buy and sell points. It will then tell you the best price patterns using an SVM-based classification model. You'll need at least...

New high of 1.53 in August cattle today. Chart looks toppy. Is this rally over ?

September is now the front month....and wow, what a rally today !! This should be the upper end of the trading range.

You're misinformed. Options decay faster as expiration day approaches. Sure, you have to be close to the money. So now you'd want to put on a short 90, long 95 credit spread.

This can be easily remedied by the SEC. All they have to do is start charging for excessive orders/cancels. That ends the gaming. However, they are just too lame to pull this off. They need to force the exchanges to make changes to their order entry/order matching systems to track the...

So he should be putting on call credit spreads, short 100, long 110 call options. If AAPL can't rally on all of the hype and news, it's definitely not going up. Probably a quick down move and then stablize around 80.

Looks like some short covering recently......Hmmmm. If it breaks out above $3.20, I'd be really surprised.

Indeed 3.0 is an important hold level. Next hold appears to be around 2.75.