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hehe, people here are really funny. If markets going up its "news related" and they cry foul. If its going down everything is al right. I think for these people the next 2-3 weeks will get really ugly, ouch.

seems to me like most people don't understand how markets work. It wants to go up and later some news is delivered. Also I wonder if someone has recently checked market correlations. US markets are strongly outperforming most other markets, i.e. ESTX, Dax. So right now they all blame it on...

think you are waisting your time. The people here who did not see the reversal signs before the news hit the wire cannot understand that there are people who did see them. Also its so naive to assume that since a lot of banks knew ahead of the news release about the bailout plans because they...

thats nonsense. In other circumstances the same news could have as well caused a 3-point pop in ES followed by more selling. Market conditions where ideal, triangle broken, support broken, weekend ahead, everybody who wanted to sell stocks had already sold them when it happened, no sellers left...

I like SA. I spend my winter vacation there every year for kitesurfing and windsurfing and did not experience one power failure. I like the people there (white AND black) and restaurants and never experienced any violence nore did any of my friends. But I know this is the view of a tourist only...

Austin, thanks for posting here, good stuff. I am trading futures since 1998 but I think you have the right attitude, maybe better than mine. I actually went long 1-2 hours before the sudden upmove but I start to think that maybe this was only luck - who knows...just followed my intuition...

agree. Bottom is in place, buying every pull back.

well said ! But I still think that the price action yesterday was not that of a trend day down on Friday after we broke important support, there was to much buying going on, something felt wrong. Maybe only my imagination...but I learned that the most important thing in trading is my...

yes, exactly. Those of you who think the main reason for this upturn where the news don't understand this market. Bears will come out and say that the banks spreaded this rumour because they needed the news to defend the support levels but the truth is they let the market down in the beginning...

the only thing I agree with is your solar stock short because of the over capacity. There is to much liquidity sitting on the side if you take a look at the money people have withdrawn from US-fonds its at a pace now that usually marks bottoms give or take a little. Also check the sentiment...

sweet car ! I tried it 2 times but I wanted the Cab and the metal roof made problems so I decided for the Audi. But the coupe should be fine, the dual turbo motor is first class (though I like a little more noise) and takes only little fuel compared to my Audi. One thing I wanted to add...

agree on parts of your statement but I have to admit that I drive a RS4 Audi Cab and I like it. Its not that it makes my live more meaningfull but I simply enjoy sitting in this car and feeling the 420HP and hearing the monster sound of the 4.2L V8. I did not buy a Porsche because the Audi...

I also agree that stop losses are for people who don't have the disciplin to exit a trade if it is obviously not working well. The problem is that as soon as you are IN a trade you often get a biased opinion about this position thats why a stop loss set in the beginning is a valid tool for...

but if you look at Libor rate the spread between it and the Fed rate has flattened which means that banks are not that suspisious against other banks any more. This means we should have the worst part of this crisis behind us.

the market is different my friend. It changes the position of the latch from time to time and only the ones who are able to notice that the position has changed and not trying to bang their head at the old place have a chance of survival. Its the same with "the edge". There is no edge that...

hey, I am from Germany and if some nation deserves your rating its us, the Germans and not the typical US-consumer. The typical US-consumer has for years spend all his available money and even more for consuming, buying stocks or housing. If, at some point, he can't continue because simply...

well, he's short this stocks so he had to say something not to go underwater. But it was a very good day to trade and currently I am long again and also long FDax 6874

I think we get 50points cut and a 2 Minute pop followed by a short sell off and then we rally the rest of the day to 1390 ES.

why would a high P/C ratio be negative ? I think we go up further because everybody is shorting like hell into this bounce. Yesterday at Euwax small speculators also bought all kind of short products like cracy. Europe and Germany are still not getting the fact that the "bad boys" US-banks...

smart money is never wrong, and they have been buying banks since 08th January. Of course there can be one or other panic day on some "news" about a hedge fund collapsing but this does not change the scenario that the recession is fully priced in and even some bank collaps. People are so...