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way too many people shorted or bought puts yesterday if you look at put/call ratios and volatility index. Those are going to be squeezed real hard especially out of the money puts and they will not get anything and the markets will only drop more after expiration or after they have closed those...

there was some bad programming/trading in the system, but not sure how much we can blame that on the Dow 546 points drop. We need to find out the extent of system errors. May or may not have been as important as Cramer thinks, but not sure we should dismiss what Cramer says (I am no fan of his)...

I think the breakout is suspect as it comes with upgrades of semis when we know just last month there were all sorts of issues with AMD and others. As it comes right at the downsloping trendline, I wonder if someone put on a large short position recently and was taken to the cleaners today...

Isn't this just contrarian thinking? Seems to me you are simply taking the other side... http://lauristonletter.blogspot.com/

if you have a trading system that works, then you have nothing to worry about. But if you are hoping to work out a system as you go along, then you might lose everything. Remember trading futures is about risk management. If you ever find you are in trouble in the future (I hope it never happens...

Trading without a stop is suicide. Of course the stop should be a reasonable distance from ATR otherwise you are inviting the greedy market makers to take you out. They are good at "fishing"! http://lauristonletter.blogspot.com/

We may eventually get there, but I think we need a little cooling off or time-out here for the bulls to rest and get some energy for the next run. I am actually short-term bearish, but being a bear has not been good lately. Bulls have been running wild, but it's getting crazy...

I say Amen to that! Excellent comments, I can relate to that completely. That is what swing trading is all about. Patience patience patience! Yes, you can make a living swing trading, but be prepared to slog through a great deal to find what works for you as an individual...

Bernanke had to deliver positive news. Worldwide markets are very bullish, it is not just a US phenomenon. Too much money lying about with no home to park except equities. Leverage being used to the hilt. Will it ever end? YES. When? No one can tell. In the meantime, better not to argue with the...

this momentum since July 2006 will take a big event to derail. I have tried playing the short side recently and it has not worked very well. I am thinking the next pullback I will jump in as well. Keep doing that until it stops working. This is insane, but no need to argue with insanity...

I follow the VIX too and at the moment it is really stretched downside from it's 10day moving average which implies a pullback in the markets could happen in next 2-3 days. Pullback or sideways consolidation. This indicator used this way has not failed in the last 6 months...

i wish they would have better rules. being able to trade anything under the stock sun is insane. Penny stocks can move like a yoyo, not fair to serious traders, but I guess when you are an advertising channel you dont care about the trading, you care about the eyeballs!! also I wish they would...

if this market is under distribution, then it is pretty low volume so far and nothing to worry about. We have not even had a "Dow down 100pts" type of day that stuck. Every dip is being bought and bears like me are getting frustrated by the lack of bear follow-thru or strength. I am hoping...

T. Boone Pickens, who else? Made more than any other trader/investor/manager etc. last year on crude oil trades. Cool cat http://lauristonletter.blogspot.com/

futures great if you obey your stops with great discipline. lower capital requirements. Stocks great especially if you are using margin and options to hedge or leverage some more. Stick to small contract sizes with futures and you are mostly OK http://lauristonletter.blogspot.com/

I replied to you privately by email, so you can delete your post here if you want. I personally have never had a problem shorting but that is because I usually go for big caps and ETFs and they are very liquid and some of the big caps are except from uptick rule even since last year I think. But...

Just make sure the uptick was on the bid and not the ask. Is it a very liquid stock? Just name it, it won't matter if people know what it was! A few weeks ago I bought TXN puts and then when I was selling for a small profit I put in an order at 1.7 vs. bid of 1.5 and ask of 1.6. The price never...

i hope the liquidity has/is drying up. even overseas markets are going crazy from China to Brazil and Mexico.

I hope we get a drop here, I've been waiting for 3-4 days for this since last week, been warning about VIX on my blog http://lauristonletter.blogspot.com/ until I feel embarrassed because nothing happened!! Well, we have dropped 30pts on the Dow and still the VIX and other volatility indexes...

oh yeah, it's becoming a joke now. AMD warns, now NSM, but the semis remain analysts' favorite! Somewhere down the line they'll have to face reality. Inventories are piling on sky high, see what SNDK revealed! So much for global liquidity http://lauristonletter.blogspot.com/