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I see what you're saying. Good eyes

You're a thinking Man...I like your style. What I'm seeing now is an increasingly thinning up volume, and the Heikin Ashi is indicating a trend change on my 5 min chart.

I'm short biased too. I'm waiting for a good run-up that may serve as a justifiable short entry. I'm looking for an overbought condition on /TF & /ES 5min charts.

Lol. +1

I don't think you're way off base. It may see 12 again someday, but the time you're gonna waste hoping for it to come back, you could have made several profitable trades. A good trader knows when to close a trade. (I assume you;re a trader). I'll recommend you cut your losses and move on cuz...

You get a cookie!!!!! Every homeowner he screwed has been calling in for a while too. I'm sure Ken Lewis is psyched too...and so are some BAC shareholders. No Surprise here!!

You said oversold, did you mean overbought? From almost all perspective, the market is overbought coming into this week and you've only had 2 down days out of three... that does not equal oversold conditions. I'm more comfortable being in Scot's position at 9.90 and holding, but at >12, I...

Try not to own those things overnight. I'm not sure if it'll get back to 12, and that shouldn't be your mentality. A good trader knows when to wrap up a loss and move on.

I'm taking the day off to see how the market wants to play out. If we close to the downside there will probably be an up move tomorrow....Bulls won't just rollover and die, they rly believe this is an actual bull market. They'll just take it as a pullback before we head for the moon

Yea you do have a valid point. I'm not stupid enough to fight a trend. I'm just short biased at these level. My only hold to the short side is simply the calls I've been talking about, and they expire in June, I'll see how things play out by then.

good point. But would I be buying financials at these levels? No one with any market acumen should be doing the samem but i may be wrong.

LOL!!! Yea I'm still holding june calls, it's been painful... But I'm sure there's upside next week.

Whatz up good people!! How we wrapping this thing for the weekend?

But you would have overtraded or undertraded somewhere else

Well if you think IB is expensive, try TOS. I get to pay >7500 to trade crude. 4k to trade TF. And they just reduced that from 5500. And >5600 To trade ES. Cap it off with a $7 Round trip commision But nonetheless, money is still being made.

But FAS' overnight hold reliability will vanish if this rally turns around for a retracement, and then FAZ will be the best candidate for an overnight hold. A good market direction/timing will be key into making key moolah in these ETF's just like everything else.

I see what you're saying about FAS at 13...with the way the market is acting, DOW 14000 in 2 hrs may just happen. Hindsight is always sharper than an eagle's eye.

Don't put your money on it, Playa. It'll have to go up $2 today...there's no rally like that on the horizon for the financials, but who knows.

I can't believe I'm responding to you, but I'll bite. Here you go....You're not helping anyone!!! Had anyone listened to your calls, they'd be underwater now. Your issue...is that you're raging bull, and your timing is TERRIBLE. Anyone w half a brain knows the market is currently on an upside...

Now if you bought those futures like you were cheerleading, you would be trading backwards. For the sake of everyone here, please LEARN TO TRADE. The ADP was the upside surprise you were looking for...not today's number. Today's number would have to be GREAT in order to push for an upside...