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But only 44 out of 1,000 Chinese have automobiles . . . Just wait! :D

Once again, you (S2007S) show that you have very little understanding of how the markets work. Please do us all a favor and keep your mouth shut until you are able to have a much better understanding of how commodity markets function. At CFTC regulated exchanges like the NYMEX, you are...

True to the above. And as we all know, trading prop would imply being Series 7 registered, too.

The sentiment got decidedly BEARISH last week with the latest Investor's Intelligence report, showing 50% BEARS. Even a "bind-man" could have felt the need for a good reaming . . . :cool:

As Atticus just pointed out, you must not have REAL TIME quotes! As for the SPX chart, the first rally up from the 1200 low was roughly 91 points. Add 91 points from the last previous low at 1234 and you get a target of 1325 for an equal "measured-move". Good Luck. :D

Looks like he might be giving back some gains from the oil patch, basic materials, and fertilizer. Just a guess.

Very nice! Congrats. :cool:

Really now? They just beat the estimate by a penny. Stock just traded $23.25 :eek: SPX 1325 here we come! LOL!

:D

You mean your "paper" trade? Don't bother. But I wish that you'd tell me first when you put the trade on so that I can FADE you for a nice "scalp". :)

QID getting absolutely HAMMERED! 42.80 last Your Mother must have dropped you on the floor when you were young, eh? You are amazing. LOL! :D

Now down 17 DAYS IN A ROW!!! http://seekingalpha.com/article/89191-baltic-dry-index-down-17-days-in-a-row?source=more_author_recent_similar_articles Down 30% since the peak in the Spring. Global Weakness . . . :eek:

The entire sector made a bottom recently (mid-July) when earnings came out and the trend has been UP ever since. You always want to trade WITH THE TREND. Ever hear the motto, "The Trend is Your Friend"? Guess not.

Rather "dovish" comments by the FED as they acknowledge an economy that is slowing even further ( as evidenced by the commodity sell-off ). Crude cracking into the close now . . . -2.71 at 118.70

Quite the contrary. The FED is cognizant of the economy slowing even FURTHER ( as reflected in the commodity sell-off ) . . . and as a result, spoke in rather "dovish" language this afternoon. And people here are talking about the FED raising rates during a Recession??? That has NEVER...

False alarm on the oil and nat-gas. Can't recall the last time we had a +200 point day on FOMC. Lots of shorts out there! Wow. :)

The Sept. contract was up strongly this morning and just ran into resistance at the 50% level ( $8.955 ) and is now back down to 8.76 Next support levels for any of the Bulls out there: 8.72 8.65 8.58

Nat-Gas was up for most of the session ( came back to a 50% retracement before running into resistance ) and traded as high as 8.955 for the Sept. contract. As a result, a lot of the drillers and nat-gas names followed.

Looks like Wave 1 up is about done here ( 12:40PM EST. ). Time for an A-B-C downwave (2)? Here comes OIL!!!

The Euro is getting hammered today! Heading down into a gap from mid-June. 154.12 closes the gap. The stock Bulls are loving this! :D