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Im still too new to actually do this trade (I think) but here goes: Watching the bollinger bands to cross back 'outside' the keltner channels on a 20 day 30 minute chart the opportunity for a short trade will present itself if the momentum oscillator is <0 at that point probably wont...

Genworth has virtually no exposure to subprime loans -- their CEO is an old school conservative type --- and the big 3 have not raised rates they are also still insuring 97's --- I just wrote one yesterday

all the players writing subprime paper dried up and blew away in july ---

lol 30 year fixed 700 FICo or better 5.5% no points yield spread is about 1 3/8 - so the brokers are doing a happy dance

I have a side business as a mortgage broker (mostly A paper) and I'll tell you what looking at the vendor rate sheets - it reminds me alot of 2000/2003 when rates fell dramatically all the big guys rates are dropping repeatedly Wells Citi Wahcovia BOA and the brokers are sending...

The company had recently filed court papers seeking approval to pay about $1.1 million in bonuses that would be divided among Buczynski and other staffers so the company could wind down its lending operations and go out of business. !

This is some of the best advice I have on ET

on further reflection this thread probably belongs in journals so I will record my trades over there

buy @12090 stop loss @ 12060 --- 1 point off the low :-) sold @ 12115 p/l +$125 will make only 1 or 2 more trades today and try again monday

So I took the trade sell short at open @12277 stop loss at 12497 cover at 12280 ............. filled @ 11:21 p/l $485 next one is to buy 10 points below R1 (12092) stop loss at 12060 trailing stop at 12212 we'll see

ok so that was 4 observations

So in the interests of building a better psychological mouse trap I have 3 observations 1) I am pretty certain its pointless to try to guess whether the market will shoot up or plummet tomorrow because its oversold or is totally bearish --- I have no idea what its gonna do based on that...

as tedious as it may sound - I like to understand as best I can 'how' the answer is arrived at - in addition to the answer itself In any event thanks very much for the link

I guess I need to clarify The closing price is what it is I guess Im asking... the H and the L --- do CBOE represent 24 hours worth or data? or some other timeframe ---- and is that significant in calculating pivots Thanks in advance for your help

I am using the CBOT and CME links for daily settlement prices to calculate pivot data --- http://www.cbot.com/cbot/pub/page/0,3181,862,00.html http://www.cme.com/html.wrap/wrappedpages/end_of_day/daily_settlement_prices/es.html?h=1 I noticed that the timestamp for the CME settlements...

TOS ThinkDesktop because its free when you open an account

I took this one: Buy 250 @ 86.50 Sell 250 @ 89.00

or at least not to hold it over the weekend

not sure I would buy anything on a friday at the moment

2 cents from a newbie An analogy: TA is like your wife getting pissed and smacking you in the head The fact that she smacked you is clearly an indicator (most likely that she is pissed) This is useful knowledge. But if you can determine what pissed her off in the first place -...