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Uncle Ben won’t let us be contrarian and sell short. The feds current mantra is spewing out money a billion an hour. Their slogan is now “Bubble Ben says – Do it again!” So I add to my longs.

Wow. I wondered why I had a headache. I had no idea what drove me up the tree today. Whee. I think I better get my parachute ready. Especially with the rollercoaster market we have today. RabbitOne.

Yep, just buy each dip and Uncle Ben's Bubble machine pays you!

Hello Brian, I did some research about pairs trading. There is a site that offers intraday pairs trading for Tradestation: http://daytradepairs.com/default.aspx I don’t know a thing about them? Hope this helps. :D

Take a look at industry not the sector. Deere is in the Farm and Construction Machinery industry. This industry was wacked 1.67% on average today because of the report. Take a look at a favorite I trade in the same group, Joy Global (JOYG), is down 1.84 (-3.15%) today or Bucyrus Int.(BUCY)...

I'm guessing its the Chicago Purchasing Managers Index, which showed business activity in the U.S. Midwest slipped to 58.8 in March -- falling short of economists' consensus forecast.

I'm still long. If I get stopped out at 232.56 I would be short. Good luck with the short.

+1

This says it all…. N.Y. Times Fed Plans to Inject Another $1 Trillion to Aid the Economy By EDMUND L. ANDREWS Published: March 18, 2009 “WASHINGTON — The Federal Reserve sharply stepped up its efforts to bolster the economy on Wednesday, announcing that it would pump an extra $1...

Nice looking trade:p

It may be that the “Drop offs” or those who did not find a job while on unemployment are starting to receive extended unemployment. I thought I heard that became law. Any one else see that in the news?:confused:

Yes, I was short going into March 2009. My log shows on Feb 27 I entered 3 swing trades short and these were all full size positions. I covered 2 trades on March 4 and the last on March 9. I didn’t get long until early April. The answer to your other question is also yes. I have been taking...

LOL Your good!!

As I understand it volume is dependent on time interval. Here is what my understanding of volume currently is in EL: - Volume = Volume on a Daily chart bar - Volume = UpVolume on an Intraday chart bar - Ticks = volume on an Intraday chart bar Your right, the EL word 'Ticks' is the...

My boss (trading plan) only lets me take long swing trades and positions because of my method of market analysis. But because of technical analysis symptoms and market news that spell “Top” I have been cutting some position sizes in half to limit “reversal” risks starting 3 weeks ago. In...

You will not learn swing or position trading from O’Neil. O’Neil has no setups or exits for positions. With him the closest is an 8% fixed stop loss. O’Neil is not a trader but a fundamental investor. If you want to be a CANSLIM investor that’s great, but it is not trading.

Chipmunk I agree with you… Swing and Position trading are a very good way to end a trading career. If you did as I did and build you trading account while working over the years with consistent results. When the time comes that account can support you in retirement. In fact in my case I was...

Very well written; I felt I was listening to Glen Beck.

When Obama fired Roger Wagoner from GM the country got to see close up the anti-business (union ass kissing) president. Obama made no pretenses before the elections about where he stood on business. For example he made it clear that he was going to redistribute wealth from big business (and...

I have traded swings, position and intermediate term trades for the last 20 years. You will probably find as many definitions of these types of trading as there are traders in ET. The majority of my swing trades have last 2 to 8 days with a few longer. You mentioned books. The first place to...