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I am short @ 890 and 895. Stop is between 910 and 920, Target is below 860. I think we are going to make a temp top, Heading to a flag formation in the next 10 days.

I am holding short overnight too, just for the sake of GDP (-:

does the %10 drop count from the open or from the yesterday's close ?

what happens when it opens at 8:30 ? what is the max drop of the day session before they stop the trading ?

Gold is being beaten up these days, but wherever I look, everybody is talking about the high inflation, due to the bailout money will eventually brings the gold price up to 1500 / oz. here is an example: http://www.moneymorning.com/2008/10/17/gold-prices-2/ if this is true then this...

That is true, BUT , Never trader 1 contract of ES with only $2500 in your account. You always have to have room for draw down time period. Many traders I know, will recommend to have twice as your allowance margin for each contract, if you are trading everyday. So if your broker lets you...

Michael Dell is buying @ 20 , so am I

We had 3 up day plus DELL bad news. Tomorrow is more likely a range or a down day. Unless they break the 1300 level aggressively.

The top line is already broken. If you are short and it goes your way, you need to get out around 1235 - 1245 area. I am short also and hope they are not planing to check the 1300 this week, :D :D

The fact that PPT exist does not mean that they win all the time. They are there to protect or crash what they have targeted. You need to be on the floor to see how PPT works. You can have a morning with full of bad news and PPT send the mraket higher or a perfect day full of good news and...

. Right entry . proper position sizing . proper risk management . Proper diversity / Hedge planing . Market status awareness and looking at the market in all time frames, including awarness of support and resistance in biger time frames . discipline and high emotion control ---...

No one gives me any credit ? The upside move was just to absorb the shock. NOW, Tomorrow's GDP will pull it down to 1305, Which makes it unchanged to yesterday's morning.... They do everything to keep it floating... Dang, I pulled out of my 1335 shorts early again. :mad: :mad:

Yesterday morning WAS PPT, particularly after the 16 yrs low Consumer Confidence. Today, we are having a lot of short covering sofar, ( This could be the indication that rates will not change ) Lets see what happens @ 1:50

Folks, Does today's PPT rally mean that they are going to raise .25 PT tomorrow? I am having a feeling that today’s action is just another shock absorber for tomorrow's bad news..

YES, If OIL pass 150

All right people, despite the fact that there are a lot of good traders still writing in ET, But I am slowly loosing my interest on putting my time reading these forums. Dear traders, I think we all know what the falling knife is, we all kind of know what the f.. has happened to our economy...

, Time to short... way over bought...

"And right here let me say one thing: After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight! It is no trick at all to be right...

I heard today that Asians are going to invest 5 billion in LEH. Is that right ? if it is, will that pump it up to 40 area ?