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Yes. Patience will pay off.

Let's not forget that Buffet filled the truck with homebuilder stocks several months ago. He was early on that deal, but he can afford to wait. I suppose that he can afford to wait for the financial stocks to pull up, too.

OK. Here's why she's trading after hours: In the after hours you can clearly see where support is -- it's the point where price hasn't gone any lower. But when it does go lower, SELL! Is that right?

Maybe? I ask, because experienced traders will often warn inexperienced traders to stay out of the after hours.

Anekdoten, So, I've been dying of suspense all day. Why does your wife only trade after hours? Is the price movement less noisy? Is it easier to tell where support/resistance lie?

I trade with a 5 to 20 pt. stop and wait for the cows to come home.

Wouldn't you be better off trading options on the futures at CME?

A lot of what he says makes sense if you consider that he may be someone locked up in the state hospital.

50 ES contracts can make 500,000 dollars in three hours. Has simple arithmetic failed me or is that really equivalent to 200 points per contract? In just three hours?

i don' no nuthin' 'bout bear flags or any other flags (t.a. is bunk!), but can tell you wait 'till 2 emas get kissin' close, 'cause that may (may not) be the sweet spot.

All people on wall st. have to do is offer the fed's janitor $50 to let them know when there is an emergency meeting. They can reliably guess what the mtg. is about, unless you're suggesting that Paulson let the beans out.

When housing prices decrease some more, jumbo loans won't be so necessary, because there won't be many places that require non-conforming paper.

Do you mean that there may be support at 1418, which may be broken, then there may be support at 1411?. That isn't what you wrote. Sentences/periods!

See you at s&p 1395? Still taking baby steps down.

LOL update: it's off the road, into the weeds!

No, no, no. We don't know that Spydertrader is practicing Jack's method. Just because he names it "Jack Hershey Method," doesn't make it Jack Hershey's method.

There's something here. I wonder whether anyone could find trends/channels in a sequence of random prices.

No. Friday's liquidity put a bid under the market. You were supposed to dump your positions yesterday.

In a lucid moment, he realized that he's licked.

Payback due in 3 days. But they can default, too, which might be better for them than holding the CDOs.