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    Lunch Hour Drop like Yesterday???

    Could be. But the $440 TRILLION DOLLARS of notional Global Derivative exposure would dwarf that in a heartbeat. Just think of the 25% rate of growth in the assets of the hedge-fund community in just the last 10 years. Believe it or not, $440 Trillion Dollars is 32 TIMES greater than the...
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    Lunch Hour Drop like Yesterday???

    How true.
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    Gotta love ZERO RISK in the SP500 = $$$

    I would tend to agree with this. But a solid understanding of how markets unfold during their advancing stages and their declining stages can give your trading "landscape" a bit of a "road-map". The key is to understand just where you are in the forest, and what kinds of trees you are...
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    Greenspan Comments about Sub-Prime

    He obviously is having a difficult time transitioning to his retirement . . . seems to feel a need to "pop-off" with all sorts of speaking engagements. Guess he doesn't fish or play golf. :D
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    Lunch Hour Drop like Yesterday???

    Greenspan comments about sub-prime hit the tape.
  6. L

    Greenspan Comments about Sub-Prime

    Hits the market around 1:30PM Eastern and takes 5 handles off the S&P. Says that the sub-prime issue is not a small issue. Duh. :D
  7. L

    Gotta love ZERO RISK in the SP500 = $$$

    Agreed. I just thought that I would try and educate a young trader in a positive manner. Enough said. :)
  8. L

    Gotta love ZERO RISK in the SP500 = $$$

    First off, I would highly disagree with your assertion that 75% of the traders out there thought that Feb. 27th was the BOTTOM of this market. After the market "break" of Feb. 27th and four more days of downside trading, the market went thru a very typical "counter-trend" bounce after enough...
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    Practicality of Fibonacci Retracements

    Given what I have observed over the past 25 years trading the markets, I would tend to agree with the above statement. Well said. Check this weblink to see how Fibonacci numbers appear in nature . . . Perhaps the most popular example of this can be seen in the spiral ratios that are found in...
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    Practicality of Fibonacci Retracements

    Sorry, but I really don't see the "logic" in your post. On one hand, you imply that there might be a correlation between no longer having any pit traders on the floor anymore with that of fibonacci relationships . . . but on the otherhand you then provide that humans have quirks and...
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    Gotta love ZERO RISK in the SP500 = $$$

    Fools??? With all due respect, the market did in fact "retest" the previous lows of the end of February and "bounced" very strongly, now trading back up to SPX 1395. The "no correction ends in 2 weeks" proclamation is certainly one that can prevent you from making any serious money...
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    Valero

    The crack spread has come in about $2.00 the last couple of days. VLO announced the "restart" of their Houston refinery. An Open Interest of 18,000 March 60 Calls would seem to indicate that VLO will head for the $60.00 strike for Friday.
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    Gotta love ZERO RISK in the SP500 = $$$

    Too bad. You just missed-out on a 22 point RALLY! :D
  14. L

    Practicality of Fibonacci Retracements

    I'm not. As a former stock-index futures floor trader, I can tell you that "fibs" are used extensively by the pit traders. Enough said. :p
  15. L

    Lunch Hour Drop like Yesterday???

    As usual the "Witch" came early . . . Just TRADE IT!!! Gotta love the REFINERS like VLO! :p
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    Lunch Hour Drop like Yesterday???

    Is anybody on ET a technician, or do people just "THROW OUT" numbers that sound palatable, like 1350? :D
  17. L

    Lunch Hour Drop like Yesterday???

    LSI, TQNT, MU, etc. The semis.
  18. L

    Gotta love ZERO RISK in the SP500 = $$$

    Nope. Try the 1366 SPX level since that is the first fib support level. Ka-Ching! :D
  19. L

    The time 2 buy is now big rally coming

    1366 is the first fib. See you there! :D
  20. L

    Lunch Hour Drop like Yesterday???

    1368.75 "test" on the ES coming soon! :eek:
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