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FWIW, here is what I am seeing on GOOG. Looks like it has been in a continuation pennant (to the upside) since last October. The breakout was at 477 so I would not long until about 485 just to be sure. JMHO That being said GOOG still scares me so I'll play a wait and see game

Yeah by the looks of it I think you'll be happy with the hedge. Good luck on it.

I am thinking that is a very smart hedge looking at the 5 year chart. If it does break through support it should freefall for a bit. Gary

This is totally true. You can study the series 7 info which might help you understand the markets better in the beginning but brokers are glorified salesmen. You will be a high priced telemarketer.

I don't think it would really matter much to most people. Wasn't Enron and World Com regulated. I know they are companies and not hedge funds but what I am getting at is whether they regulated or not if they are determined to blow out they will do it.

Thanks a lot guys. It was my pleasure to trade with each and every one of you. Remember I am still in ET so you can PM me anytime you have a question or comment. Maybe when I get to the point where I can trade like this again I can start another journal. I wish someone would start a trading...

I have not personally used it but I do use S/R primarily. It was interesting to use my S/R levels and then 5Pillars would show his market delta and together it made for some very clear cut trading.

Hey Everybody, A month ago when I announced that I would be leaving the daytrading scene I really thought that I would be able to continue through the end of this year. But being gone for the last couple of weeks made me realize a few things. The main thing I realized is that my company needs...

Not a problem thanks for the info. What I was going to ask you was if you remember a guy from Raging Bull. IBM Trader? He really would like to get in touch with you. He has always told me how good a trader you are and that ya'll used to email quite often. P.S. I like your new blog, keep up...

Good job with your option hedge.

Yeah, just kick back and save your money. It will probably be boring the rest of the day.

Yep, it looks like they are giving everything up this morning. I am thinking since today is options expiration we will sell of this morning and see very light trading in the afternoon. Sometimes we see light trading in the morning and sell off in the afternoon.

Jack are you still here? I have a question I would like to ask you.

Due to the fact that 1376.25 was very well respected as resistance during the night I would wait until 1377.50 to go long on the ES. That should go up to about 1380 giving a safe 2 points.

Wow has anybody seen GOOG this morning? Up 32 bucks in pre market.

Hey Guys and Gals, Sorry I have not been around much the last couple of weeks. It isn't that I did not want to be here by any means. My business just got crazy as ever. I hope this break away has given you guys a chance to work some of this trading stuff out for yourselves and that you have...

Here is a nice article about options expiration day. You guys might recognize the author. http://www.tradingmarkets.com/.site/eminis/commentary/eminitechalerts/Watch-the-eminis-for-some-trading-opportunities-by-Austin-Passamonte.cfm Austin, Do you write for trading markets very often. I...

I agree. I have been told by several doctor friends of mine that do take testosterone that it does give them a mental boost. We do know it can also make a man more aggressive so maybe those two things combined have helped their trading in the short term. Now long term, how will it work out for them?

My bad, I don't know anything about the fly boys. I would have liked something as a ground pounder though. Those coffee grounds tasted like crap.

WTF are you talking about. I spent 12 years in the military in parachute infantry and as a medic. This is total BS. Now if we were in the field for a long time without sleep or much food we would save our coffee packets and I would empty the coffee grounds into my mouth and suck on them before...