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Hmm Currently short 20 tons as a test, we'll see... I feel a downward bias for now, though it might turn up later.

What is it like? Why do they break down?

:)

Quite interesting. If I could, I would buy puts in those housing futures :D.

Hehe, I remember a joke from a Buffett letter to shareholders. A gorgeous woman slinks up to a CEO at a partytellinghim, "I can do anything you want, anything". The CEO answers quickly,"Reprice my options." ROFL :D After the fun, it's kinda sad, but be thankful we do more active investing...

I'll voice my opinion. Support and resistance is almost never used in my system. Trading is a continuous process. You're always learning, always evolving... The most important thing is to limit your risk and exposure. That way, you'll know when your system doesn't seem to work anymore, and...

I actually said I was neutral! Full out bearish! Bounces included, what you do now is sell into strength. Seems like my mind is getting soft listening to them bulls, now I'll unsubscribe from the bouncing threads...

Three words for the bouncers... Sell into STRENGTH.

Thanks:), that one just blurbed out of my mouth without thinking, actually heard it from someone else.

Typo there, back then the Fed announced rate cuts :D not hikes...

Well, I was right but I lost some money :(. The problem was my wheat futures were too small while my soybeans were too big. That'll be fixed next time Anyways, I've exited soybeans as well. It appears agricultural commodities are a tough nut to crack, total portfolio down 3% since dabbling...

It broke support etc etc. I exited today for a small loss.

Rents increase in a crashing housing market. Since lower home prices= lower homes built= more demand for rents.

That's why I'm worried(I'm a bear) I would prefer everyone hold a copy of "Prosperity is around the corner!" with optimistic faces... In this sense, perhaps I need to go on the streets and hand out copies of "Why the next bull market is here" so us bears can get some bulls out there {to fleece}

Now you know the meaning of the axiom "Curiosity killed the cat" Anyways, the story by the thread starter was interesting... I'll share it with my other trading friends to make sure we think over our strategies more carefully etc etc. The ironic thing is that I still think I'll be better...

That was long ago man, but you've gotta see, you're calling for a bounce while index futures are down over half a percent before trading...:D I would estimate the chances of a bounce to be substantially higher today... if volente weren't bullish :mad:

Perhaps :), I know a sophisticated trader that majors in finance, and I know others majoring in finance that have no idea about trading. :D EDIT:Perhaps me still in the school system makes me rather caustic about it since I hate its impracticality.

Gold may be putting in a short term bottom, $662.

Volente has ruined my day Just when I thought I should cover a bit and be happy at the green blips, he comes with his bullish stance and makes me bearish again

The only thing beneficial is the diploma, tell me how an institutionalized quantitative method of thinking is useful in the real world?(Unless you're doing complex derivatives and other stuff like that)