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The thing is that the last two days has been such a slow grind down, it doesn't feel like a selloff. I'm afraid there might be another vicious snap like we saw last week.

If we can knock down 3953, there's a chance for redemption for the battered bulls, at least for a while. :)

So far, so good. :thumbsup:

Anyone see a reversal here? Might retrace back up to 80.

Anyone see a reversal here? Might retrace back up to 80. Edit: Oops. Wrong thread, didn't realize new year rolled in so early.

Yeah, but you gotta schmooze with the best to become the best. Trading those thin markets will actually put you in the disadvantage over the long run.

That's what set off the Flash Crash in 2010, or so they say. Anyway, this is a complicated stuff. For instance, the index should technically only be moved by its underlying component stocks. For instance, Dow 30 is made up of 30 stocks. Only those stocks should have the power to move the...

No need to catch a falling knife. :) Wait until it reverses and get on the pullback.

Is this CFD? Otherwise, those are funny looking prices for a Naz fut.

Expect more selling tomorrow. It might even continue partially into Wednesday before reversing IMO, Remember, don't stick your neck out the window. There's nothing to see but blood on the street. :)

So where you at, in terms of wins and losses? I've lost count.

It just means you're a cantankerous old fart who have fallen behind the times :p

One would like to think it was a naked call, but what if it was a hedge against his or her short position? Ever thought about that??

How do you connect the dot from Roxy Music to this stuff? Anyway, Eno is a miracle when it comes to insomnia. His music puts me out cold in no time.

- Okay, fine, let's make that 7 days, which would be 14 hours a day. Now just how long are these meetings? Considering that these are meetings that involve junior staff members tells me that it probably ain't very important to the company operation. Also do you really need 9-10 hours (if what...

Provided they work 5 days a week, that's almost 20 hours a day. Besides following the global markets as they open and close around the clock, just exactly what the hell are they tasked to do? Don't forget these are rookie traders, so I imagine they're not given any big responsibilities.

Alright, here's the ET's version of binary option. On Friday (the first trading day of December), S&P500 closed at 4071. With only 1 month left to go, where will we be when they ring in the new year? Much higher than now? Or much lower? Or at about the same? Place your bets.

Stopped out 81 :(

Short 73

I'm certainly not in the anti-Fed camp. I believe they do play an important role in our economy that can bring stability to the market and, hence, minimize any economic turbulence, eg. recession. But up until now they've always been reactive, only reacting when the problem blows up in their...