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I will keep playing unless there is just some new very positive news release or something that will bring in "heavy volume" buying --- then i may flatten at breakeven (1271 area) for the remaining position and look for a new higher price level entry. there is plenty of news releases this week...

My next 1/8th targets will be at 1251.00 and 1243.00 ---- after these levels are taken out then i will evaluate the next target levels for covering.

ok --- sitting here too long at the 1261 area {waiting for 1261.00} so i just covered 1/8th of my position at 1261.50 for +9.50 points.

another point i have forgot to mention in all this --- about the EU markets. the EU {and their markets} has big problems ahead imo if their dealings with people of middle eastern descent degrades {the middle eastern people living within their countries} or becomes a pronounced internal...

well in the new world of measuring who's money is where and when, the government through regulations over brokerages and institutions have this down to a science --- they have their eyes on the movements of money all the time. foreign money has become almost like you and me but on a much...

i have a few contacts that i follow up with weekly and they are keeping me informed of the situation. interesting too, there have been several brokerage principals talking about this the last few months in the media {business channels} --- for instance i just saw Jack Bouroudjian {Brewer...

this rally is different from others the past years -- this is foreign money inflows, company stock buybacks, hedgies took some longs in October, and institutional liquidity piggy backing rally {ride those foreign inflows!} . foreign money came in strong several days in october to beat...

remember it is cheating and does not count if you "do something" to get the market to that level! :D

i will say 1228 on the SPX for end of year.

Pabst -- did you ever drive out on that cold night to B&N and get the Active Trader article {CVD indicator} with the story on Mark from Velocity? :)

i wire funds to my credit union account once a month {wifes account she uses} and the main spending i do is out of one of my brokerage accounts {checks and Visa debit card access}. so i just make a regular transfer into my sweep account at the brokerage twice a month. i do my taxes quarterly...

yes --- ES only as i have stopped trading the ER with anything over 50 total. it took me three years to build up and trade over 50 lots and i am profitable each month -- and yes for two of the ES methods i trade i scale in. most of my money each month is made ratio trading the ES -- all my...

i don't have any bank accounts --- only brokerage accounts {two with sweep accts and Visa Debit cards} and one credit union account --- i can't stand regular banks! oh, and have a good Thanksgiving with your family --- thats what counts the most!

WOW WHAT A DAY!!!!!!!!!!!!!!!!!!! :eek: Billy in the IOAMT room mentioned this a.m. that in the "S&P pit" his connections there told him to look for 1281 {some June 2001 level ?} for the S&P futures as the push for the day to get price up there as far as possible. right near the open we...

yes sir you are right --- as long as i can keep "order replacing" then all the previous positions are history --- they have been replaced at no cost to you and the commissions for the attempt have been paid --- so it is like a wash until you get the actual pullback. ok yesterday i put...

53.50's covered at 53.25 --- only positions holding now are 56.50's and 57.50's for a cost basis close to 57 even due to the size of positions at those two price levels.

btw, Merrill sold a ton in the pit {along with a few other commercials} at 56.00 yesterday. :)

are you crazy --- i have had 7 very good swing trades this year doing the exact same method --- this is not that hard to do, and the fact that price is not screaming up 10 points against me at my most recent cost basis shows that this has been a good area to try and get positions set-up for a...

ok shorted 1256.50's and 57.50's late in the day yesterday looking to replace my 54.50's and 53.50's. the 54.50's have now been covered at +1 tick and i am looking to cover my 53.50's at 53.25. after shorting the 53.50's and 54.50's yesterday i was able to cover all my previously held...

ok putting positions on at 1254 and i will try for 54.50's --- looking for the 1255 area to be tested. just added some 53.50's ---- missed at 54.50 so far.