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So whats your play from that point?

You're still thinking fundamentals are in place. Global demand can be Zero and oil will still get to $70. They don't care!! As long as we got thir "Air pocket" rally going on, Oil might as well get a piece too. All those savings consumer are saving up will be spent at the pump when they do...

I think they're actually waiting to see how the market holds into the close. I will not be surprise to see a sell off into the close. If you're a bull, you have every reason to take profit. Lower and Lower volume for the last few up moves. That is typical of the end of a bull run. Less people...

Volume is ridiculous all around. prices are just thrown all over the place. If anything, I'll probably be short going into the weekend.

I second Haroki. I will also agree with you on the Russell 2k being ridiculous yesterday. The financials are lagging and I think that will be telling on the entire market sooner. However, be on the lookout for those crazy shoot ups, and trade with tight stops.

I'm waiting and seeing

How you like that faz, buddy? Just hold and ride. Looks good. And seems like the auction didn't hurt nobody but ppl on FAS

That would be a positive! The result of the 5 yr auction may kill ur faz call, otherwise it seems like a good call

I know and that's exactly my point. They're just gettin the market more out of whack. I'm not a growling bear nor a raging bull, I just enjoy healthy markets. However, the more of this ridiculous moves I see, the more I'm shifted to the short side. There's a 40 months inventory supply of...

What's getting to me is the ridiculous move up on low volume.

Judging from those crappy housing data and Sheila Blair's comments on the banks, I say we go south. That's my logical view. However, the market is illogical, so you may wanna go long the banks with both fists. The worse the news, the higher they go, lol.

Ok, so here's mine. I went short the market shortly after the open/before the consumer confidence number. Anyone following the market knew what happened after that. I got caught with my pants down, and took a spanking from mother market. Down about a grand, but plan on working my way back with...

Alright, this thread is simply to make us talk and feel "good" about our terrible trades that looked good when we placed the order, but went bad after some news came out, or we just didn't a good job on our homeworks. Personal Bashing is not allowed, so take that crap to the play ground...

I'm sorry you're down this week. I'm sure you're not a wannabe who just trades for pennies. The only recommendation I can make for you is to cut loses quick. It seems like you're just throwing money at the trades and thinking it will come back to you. I'm sure you know the market can stay...

That news isn't making much waves in the pre-market. I think the market just wants to go up and there's no stopping it.

Not bad, seems like a worthy risk. The bull could certainly argue that 875 on the S&P held today and then bid up the market again

The bulls will again see today as a hold of the 875 level if we don't close strongly downward. They will call it a double bottom, and the next stop may be the moon. Disclosure: I'm definitely not a bull

Thanks, I'll look into that. I rly like TOS'chatrs, but they've been acting up lately. If TOS drops its margins, I'll stay but I'm definitely considering IB Now

Ooo you got it good over there at IB. NQ at TOS is ~3700, ES is ~5500. I think I may switch. Would you recommend IB?

Definitely not for futures, unless you have the worst broker in creation