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How about fading VBs.

I can't beleive that the market is holding so well. I exited out of my short position @1269.25 with a profit of 19.5 pts. Entered long here @1269.5. 1285-1290 should bring in more sellers. What made me go long was the little rally in the last 2 hours bouncing of 1264. If there is no follow...

This is exactly opposite of what I do. I disregard indicators and use patterns only. But it is not the triangle or h&s or anything of that sort. I buy or sell into extreme momentum days or late day reversal. If there is no follow through in the first half hour, I'll reverse. So far working like...

I was thinking hard about TA and FA. Then I realised that winning in market is similar to trying to loose weight. Some people have lost with Atkins, some with South Beach, some with cabbage soup and... you got the point. But if you go back and look at who had kept the weights off after 2 years...

Sit tight. I think we're just getting started here. The market is going to go much lower. Today I got a major sell signal (from an ET member). She predicted 1265 to be the bottom. You know what that means!!!

Will short at the open and if there is no follow-through in the 1st half hour, I'll exit. The only thing that worries me most is that there are more people that agree with Bird than disagree or that think he is a moron. But at the same time I'm glad to see that he is getting the respect that was...

Covered @ 1274.25. Still have a short position that was initiated @ 1288.75. Tomorrow we might trade in a range before the employment numbers come out. Will short any break-out or break-down after the report but if we see some weakness in the morning, I wouldn't hesitate to go short again...

Go back to Page 2 and read my post from last night. I had said that if there is no carry-over buying in the ES in the morning, I'll go short and that's exactly what I did. If you want to look at my execution report, you'll have to pay for it. Promise to send $100 to "Make a Wish Foundation"...

No carry-over buying in the morning. Added short @ 1282.5. So far looks like a good decision.

Statistics for Business and Economics Statistics and Probabilities for Scientists OR, Books on Game Theory are good too. Although they are hard to understand . So I'll start with Statistics and then go to Game Theory.

ES never lags for a long time in a bull market. Tested it from Jan 1995 to Dec. 2005. So if the ES starts lagging for more than few weeks, you know what that means.

It's hard to say after last few day's action. I'm still bearish but being very cautious. I was thinking about adding to my shorts today but in the first half hour there was no carry-over follow through to the down-side so I did not add to my short. It ended up being a good idea. Anyway, if we do...

I think that already happened. The nasty sell-off on 1/22 and the inability of the market to follow through to the downside brought all the bulls back to the market. There was almost 30pts. move up in the last 6 days. These people will start bailing out and I think it will be sooner than later...

Depends. I have added shorts at the EOD but today being the last day of January, I did not want to initiate a new position, just for my own P&L and it's easier to compute monthly records. I do not see a bounce to a new high tomorrow. It could happen but very unlikely.

I still am short. This is the begining of a downtrend. Moved my stop to 1292 and will add more shorts tomorrow.

He said that he is currently long at 1279.

Do you have a profit target on this?

Today 130C closed @ $.55 and 130P closed @ $2.70. Total Profit= 3.25 - 2.60 = $.65

Thanks Bird. Nice call on the 1300 being the top for January. I think the real carnage is going to begin soon. Today's action was the tip of the iceberg. See you at 1200. I always follow my own plan but it sure does feel good to have you on the same side.

Today 130C closed @ $.70 and 130P closed @ $1.95.