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After Thursdays debacle, pause for thought indeed. I'm sure there were many grey faces from investors who'd spent months building up their position only to see it wiped away in one crazy day. Thankfully I wasn't overly exposed and whilst the drama unfolded, I spent my time under the sink...

80..90..95% failure rate. The numbers don't make sense if you believe that there are only two results for a trade - win or lose and therefore profit or loss. A monkey tapping orders from a keyboard should have a better chance of success even accounting for commission and slippage. My...

Seems like a healthy uptrend to me. I'd be looking at the 74 area to begin buying (risk 2pts for min 6 pt gain)....but there again I'm no expert so take this all with a pinch of sea salt. JMO

Yesterdays nose dive was the largest range day since Oct 30 09, I believe. That day the VIX also blew out of its range. The next day ES made a new low - which, to date, hasn't been broken.

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Its either the end of the world as we know it or a time to be quietly buying some stuff............ JMO

The market is going where its going and wars, recessions, presidential scandals, terrorism, geo- political intrigue, currency devaluations and the latest political controversy merely provide a few entertaining blips along the way. ps Don't tell that to CNBC. They market in the blips. JMO

The dollar has better exchange value than gold meaning that pretty much wherever you find yourself - be it NY City or outer Mongolia - its easier to get what you want directly with dollars than with gold...."directly" being the operative word here. I'm sure you'll find exceptions but unless I...

Yep but if I found myself in some third world country, hungry, thirsty and wanting to go home then I'd sooner have a fistful of dollars in my backpocket than gold or silver.

The really funny thing is that there is more than a grain of truth in that story. The US currency is based on nothing more tangible than faith (pieces of paper imprinted with "In God we trust"). JMO

Not an expert on VIX by any means but - can't remember his name, some bod with a following - explains that the VIX as a static indicator is worthless....a bit like the wife's rationale for continually buying stuff - but it was 20% off darling. The question is 20% off what. He advises looking...

Yes, thinking is allowed and of course I'm not saying that you can't be successful in making an educated guess about the future direction the market takes. Some call it fundamental analysis (insert smiley face here) Personally though, I find that the news, and particularly the news industry, is...

Its like listening to the talking heads explaining that the market did such and such today because of such and such. Does it really help anyone? The assumption is that news moves prices. Personally I think its the other way around. The "news" is usually the excuse for the move and not the...

Selling short at a market high is a bit like having unprotected sex with a hooker - high risk, low reward ;-)

After a quick down and dirty look at this method, it seems as if it has considerable merit - with or without hedging. The key, of course, is in identifying which swings are more likely to retrace than others. If you jumped on any or every swing then even if you hit a 60% win rate, commissions...

Everyone is entitled to an opinion and at least you've put some thought into your post and bothered to back it up with a chart. However, in my opinion - and that can change in a day just like the market can - I see no reason to be short here. If, for example, I see the VIX suddenly drop below...

Apologies if my point has been made because I didn't have time to read every comment but the first thought that comes to my mind is - and I'm somewhat familiar with the Fib concept - what about the fib extensions 1.27 and 1.62 etc? Personally the only fib number I use in my trading is the 50%...

In an uptrending market, my experience is that the reversals when they show up often drop hard and fast before reverting to trend. You just need to be a little more nimble and remember not to overstay your welcome.

Yes indeed. I'm old enough to remember attending an end of the world party in the late 70's. Guess what - nuclear armaggedon never really took off even though, at the time, I figured it wasnt worth making a long term plan longer than the next weekend. Get out and smell the roses folks...

Whats the big obsession? It doesn't matter to me if the bill is signed by Donald Duck - just so long as it has exchange value. At the end of the day everyone knows its only toy money...its all a game my friend - have fun and grab a chair before the music stops. As for your kind offer to...