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I'm no guru but shorting EVERY bounce may be quite dangerous after we're down some 200 ES pts in about a month... Crashes usually happen in October, not August... for some reason I'm skeptical about this "crash" in August. We're only down 9% ytd... seems more like a correction from an absurd...

Didn't put on a single trade until after 8pm tonight. I was on this thread earlier: http://www.elitetrader.com/vb/showthread.php?s=&threadid=224819 the OP had a rough day... was long from Friday (ouch).... then he short and got out for a scratch today (wtf)... then went long mid-day and got...

Well the S&P is down another 1% at 8pm EST... I bought a little right here... I think that tomorrow will be a consolidation day but I also expect some bounce... if the chart looks decent I think it will fool some longs into buying and I will get out there... I will start scaling out from 1135...

Actually, a lot of institutional, hedge fund, big money traders love... nevermind

If there's another bailout people will revolt... Govt won't have to balls to bailout equity holders, if anything they may intervene to help the debtors.

You'd be surprised at how many fascinating things one will discover given enough data mining, creativity and lack of probabilities comprehension... Any pattern that humans find in randomness is meaningful :p

666 is AWESOME. Did you know that the S&P also bottomed at 666 in Spring of 2009... check the daily charts. Maybe coincidence (especially with enough trading days), maybe conspiracy. -666

5 years ago I would've lost my shirt today. I recognized that fading a US downgrade was not a good idea... I had bids only around 1100. Patience and super low bids when trying to catch bottoms on hard momentum. I went long Thursday (ES) on the close and sold on the unemployment news (10 pts)...

You're a coward.

All I know is that the OP lost like 50 handles on the long side (from Friday)... Then he BROKE EVEN on a trade being SHORT (Had a Al Brooks tight stop loss). Then he lost money being long again.

Whose enjoying the symphony back to the lows? I'm buying this at the close if it's drops another 10 pts

wtf NEM

Possibly... I'm waiting for the 3:30pm institutional money volume symphony

There's a bullshit bounce lol... I'm buying near close if we make a new low in the low teens around 1112... 1105 would be better. The SPYs got to 1120 to the tick. I average in conservatively when I try to call bottoms too. I am ALWAYS too early... knowing that I wait and am STILL too...

Why wouldn't you just trade the ES contract. The SPYs seem like a waste of buying power... you can control the leverage in futures with less size. What's your plan now with the SPYs? Minimize loses on any rallies? Become a value investor? Are you hedged well? I'm going to try to scalp on...

I cant tell if you're being sarcastic since you mentioned average down for several WEEKS lol... If you're serious then wow I hope that hedge is solid. I'm more of a short-term trader and wouldn't really average when the mkt is 100 pts against me lol In other news, let's see how that 1140...

I think we'll break through 1150... we're only a couple of handles away... we're consolidating at 1pm on low volume... NO bounce = weakness. Too much downside momentum That said when we break 1150 today I'm curious to see if there will be a puke sell, or just trigger stops to around 1045 and...

I remember seeing him do seminars for Futures Mag or something... quickly googled his name and this site came up: http://www.futuresmag.com/Pages/Futures-Magazine-I-Trade-Show.aspx. This one is free and I'm unsure about the other ones but obviously there is a motive (probably gets paid by...

Pyramiding on the way up seems VERY dangerous. I much rather scale in slowly and cautiously at lower prices. I expect a lunchtime bounce or consolidation here and then a little puke at 330pm when institutions come with volume. There's too much sellside momentum (I am not shorting, rather be...

Were these academic studies? If you have links or the paper titles then that would be very much appreciated. I'm scalping on the long side with very "safe" entries... A flash crash problem would be a problem...