Search results

Does this mean that Yasser Arafat fathered Anna Nicole's baby?

He has also been proven capable of making 100% drawdowns. So, it's a mixed bag, if you ask me, and that's a kind metaphor.

If you were a masochist, you'd short YM instead without a stop. With your current position, you are a narcissist, because you think you are cute.

According to your logic, if I am, let's say, an automaker, it's in my best interest to produce as few cars as possible, because it would limit the supply and drive the prices up. In fact, I might not produce any cars at all, or even buy back my own cars to corner the market. Fortunately, it...

There will be no reversal. The "bears" that who sold off on Tue afternoon were the same players who drove the market higher on Tue morning. Tomorrow (Wed), the same folks will lift it up again. Simply buying low and selling high.

Hey, not bad!

Nice action today. Both bulls and bears got slaughtered. :) The pigs took all the dough from the table by driving the other two animals nuts. The Dow will end the day at +97.14.

The key number for SPX is 1960. This is where its fair value is.

The reason the market goes up every day is because it is trying to catch up with its fair value, which is about 25% higher than what the current value is now (based on the spread between the 10-yr bond yield and the S&P forward earnings yield). The poor bears misjudged the recent advance as a...

travis, I think the question you are trying to ask is how to know in advance if a particular day is going to be a trend day or a range day. Presumably, you'd activate your system on the range days and deactivate it on the trend days. Is that right? If so, I think you already know the answer: to...

The actual close of +111.09 is an exchange print error.

Wonderful. Now, can you please step aside from the door: I need to get into a bathroom and throw up.

The Dow will end up today at exactly +105.18.

Verbose, isn't she?

The most interesting outcome for today would be if the markets closed unchanged. Therefore, it's going to happen.

Stops are overhyped and overrated. You may want to consider hedges instead. Here are my trades for today:

I am short the 10-yr bond, long ES, betting on the spread between the two beasts to narrow. Good for any day, including the FOMC day.

In a strict sense, a market maker is someone who is obligated to show both the bid and the ask, and to honor both sides of the market. By that definition, there are no market makers in the S&P E-mini futures (which you are discussing). Instead, there is a computer system known as Globex, where...

Think about 10 bottles of milk. Although the supply is limited, you can still have literally millions of people placing bets on the future price of milk. If the price per bottle goes up by a dollar, this dollar is transfered from the wallet of the seller of the future's contract to the wallet of...

Yes, it's possible, although the ES market is believed to be too large to be cornered easily. The nominal value of the open interest for just the front month ES contract is somewhere around $150 billion. Warren Buffet would have to conspire with Bill Gates and then some other folks to come up...