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Boy, that's a no-shitter! ET is Suckerville for that can't miss system!

One thing is certain - it's Bush's fault.

After a year reading the Mensa Bulletin (I think that's what it was called back in 1988), I concluded there were (are) just as many wing nuts among Mensans as in the rest of the populace. The passionate arguments over which religion was "the Truth", that UFOs are real, that there are vast...

Another option is www.zerolinetrader.com for $29 a quarter after a free 30 day trial.

Not really, but that's OK. I guess I don't look at it the same way. The market is so vast, it's sort of like a sailboat on the ocean. I just want the wind to take me the direction I'm headed for awhile. If I have to start tacking, then I need to turn the boat!

Hear from where? Not that it matters, as there are "potential" buyers AND sellers in all markets. D, like you, I have an opinion on the direction of gold, I've made a bet, and now I'll see what happens. Price action will tell me if I'm right or wrong. The opinions of others are useful for...

No, they're not. Most "analysis" is nothing more than the projection of a current trend (the length of which varies depending on the time frame of the publication) into the immediate future.

If I were long, that would concern me. After all, if everyone's bought, only sellers remain, right? Of course, the bulls are content right now, because they have the comfort of being in their happy, consensus driven herd.

I bought the put on 2/26 (the Monday before my post above) and closed it on 3/3, the day after my post. I decided the straight down move was too great of a "gift" and that a retracement was likely, so I covered. I'm currently holding a June 650 put I bought on 3/20. With a couple months to go...

Indeed. Wasn't he the guy who "discovered" his own SPM on his simulator? A few kind ET'ers schooled him that day trading was a bit more complicated than simply buying the bid and then immediately selling the ask (or vice versa).

And, don't forget pick-up trucks and beer.

Am I sure it's a triangle? Yep. Am I sure the trade will work out? Nope. Am I sure I'll place a buy stop a tick or so above the descending trendline and adjust it during the day as needed? Yep. Am I sure this is a low risk trade with a clearly defined profit and stop targets? Yep. Am...

The ES is exhibiting a gorgeous descending (diagonal) triangle formation. If we break out of the upper trendline tomorrow, it should be a very nice trade to the upside.

Sorry about that - it appears the period at the end of the sentence got picked up. Try this one: http://globaleconomicanalysis.blogspot.com

I'm with you! Some contest - you can't go short. In the fantasy world of CNBC, it seems stocks never go down.

Yes, to follow what the market has already been doing, as always. Other than a possible short covering rally inspired by those inclined to believe in the awesome power of the Fed, it won't really matter, especially in the long run. Japan lowered rates to zero, and their economy was (is) in...

Exactly. When the rush comes to get out, the knothole won't be nearly large enough for everyone trying to offset their underwater positions.

No kidding, only Time and Newsweek are better contrary indicators.

Sorry to bump this thread back, but it appears the issue is resolved, and I wanted to give IB credit for fixing it. Yesterday, (Thursday) after regular trading hours (RTH) IB reported Wednesday's closing prices, but after the CME option prices settled Thursday, IB correctly reported...

I bought a ZGJ 685 put Monday that's doing nicely. Bullish sentiment was WAY up at the recent highs; the optimism coincided with a 62% retracement of the rally from last year's lows; and the move up was choppy and overlapping (i.e., corrective). Is a long term top in? I think so. The...