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ALL I am saying is that bids get pulled in the pits too. This argument that the pit is ALWAYS there to provide liquidity is ridiculous.

IMHO, the key is holding both overnight. That atleast allows you to hedge most of the market risk.

I'm certainly not saying it is. You have to have big balls to be in that pit. Your trading against the world, and they have better information. I'm certainly not suggesting that locals do not take alot of risk, they do. I'm not going to argue that electronic markets are a perfect...

If the spoos pit is always there to provide liquidity, what happened to Soro's order on Thurs morning 10/22/87. The screen is not the only place the bids get pulled.

P/Es are still lofty. Div yield is very low by historical standards. Somehow this has to work itself out. Either earnings have to increase or prices have to come down. Given the economy I think the later is alot more likely. just my .02

Maybe, but I am very cautious of the semi's breaking support at 280. I think that is a big line in the sand, either they hold or they don't. It will definitely be interesting.

LOL, this reminds me of something my mentor used to tell me. If it looks like a duck and it quacks like a duck, then its probably.......... a duck. :)

actually, I agree with them on one thing. I think we are about to break out of this trading range. :D

The dollar is getting pounded. That's my guess.

Oh, well I'll gladly sell you all you would like.:D

Just kidding around. To answer your question. I would say 8,000, 7,500(aug lows), 7,200(oct lows).

On my charts, I am showing substantial support at 0, but not a whole lot in between.:)

I could not have said it better myself.

I agree with corallus. To highly correlated.

I'm with IB. Executions are good. Commish is dirt cheap.:)

TMBR is not a stock exchange or ECN. :confused: :confused: :confused:

Yep, good article. Well said. The Eurex may take the chicago boys to the wood shed. You would think they(CBOT/CME) would take a look at the CBOE and figure it out, but I guess not.:confused:

hehehe....... :D

Oh yeah, I'm real good at this one too.

For me: neither I can't trade those things to save my life. Thank god, I am not a daytrader.:)