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I'll bet those CME shareholders who are not pit traders could sue to demand equal treatment. A corporation can't have sweetheart deals that benefit one group of shareholders over another. If unwanted pits are kept running at the expense of the corporation - then it would be a...

From what I understand, the NYSE does not keep the right kind of data in their audit trail to bust crooked specialists (surprise, surprise). So when they say they will open their books to prove there is no shenanigans going on - they know that the regulators can't piece enough together to...

Looks like the boneheads have figured out a way to screw over the customers who still use the pit. No wonder why the electronic contract keeps growing. The price differential referred to in the second paragraph is mostly attributed to the difference in the spread between the Emini and the...

Had not really thought of that - but its true. Instead of punishing the bandits - they are punishing the calvary who are coming to the rescue. As said in another post, the problem IMHO is a speed imbalance. The exchanges either need to slow down the futures contracts when the premium surges...

As I've said before, the key problem with electronic index contracts is that they move too fast to be arbed in some cases. This then sets off a chain reaction of stops being triggered at multiple levels. Perhaps the exchanges themselves will have to take over the arbing responsibility and...

It depends on how you draw the channel. If you touch the intraday peaks of 7/18, 7/24 & 7/28 - it approached the top of that trendline. Its not exact - its art.

Looks like it bounced off the other side of the channel its forming in the S&P500. With trendiness very weak - this ping-pong action is probably normal.

Right back where we started

Don't forget Walther-Walter's 12:25 call for today. Oh wait a minute, that already happened.

Got my copy. Its a scholarly tome. I spent an hour racking my brain reading the chapter on bid/ask spreads. Had to laugh when I opened the dust cover and saw this blurb from CNBC's Maria Bartiromo: "Trading and Exchanges demystifies the complex world of trading. It is a must for anyone...

Nothing wrong with standing aside if the market is not trending or making sense to you.

There may be no going back. The Emini .25 spread has increased the spread on the pit contract as the floor doesn't want to give free money to the arbs. So a .20 spread in the pit may be more realistic than a .10 spread. With their built-in time lag, the pit traders have more control over...

I said 10:00 EST i.e. when the report was being released

You must really be hurting inside to have that much venom. I hope things get better for you and wish you the best. Good trading. :)

Ouch! That hurts you German stormtrooper. I have nothing against you Wather-Walter. Was just having some fun. It may be possible to create a small fortune trading on signals produced by time analysis, as you do - but you have to start with a large fortune. :D So, with that said, I am...

A bit prickly there Walther. I thought this thread was about market movement calls based on time analysis for today, Tuesday? Is this a read-only, only-Walther thread? Perhaps there is some professional jealousy here, no? My Tuesday call was wildly successful, and yours was.....shall we...

Thank you! Great minds think alike. Shock and Awe, baby! I am thinking about starting a paid service for my time-based market movement calls. You can use paypal, credit cards etc. The name of my company is: Tea-rules-the-freakin-market Inc. All analysis for my market calls are...

BINGO!!! Like clockwork. I am a genius. How did I do it? Through complicated fibonacci and Gann analysis (double smoothed of course) with a bit of astro thrown in. To cap off my analysis, I take a quick look at the Barrons economic calendar. The rest as they say is magic. :D

Tuesday 10:00 EST Watch it! :)

(marketmariner- have some class and start a new thread if you want to change the subject or pitch a product). regarding the original topic on S&P500 market direction: It looks like the S&P500 could make a new short term high based on weekly analysis. Then a sideways swinging...