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My nephew will be 16 in a few months and his biggest decision is which Xbox 360 game to get next. Really frightening to think of the future of this country in relation to the educational standards of the rest of the world. As for what you should take, you can't go wrong with high level...

I'm looking for some kind of rally by midweek. I think we need to come down one more time either monday or tuesday to around QQQQ 46.05-45.87 level. Then I think a nail pulling grind higher into fed with a sharp spike into the 20 sma on dailys right after the .50 bp. Then its turn the lights...

me neither

am I the only one who still cant get on?

I only go back to mid '98, but I'll say this much, I would kill to go back to fractions and 1/4 spreads. This penny nonsense has made levelII pointless (does anyone even look at it anymore?) Stocks would move a few levels and there was actually real money there. I lost so much money after the...

Funny, I for one cant make a freakin cent when the market goes into a persistant trend but can scalp these choppy markets with my eyes closed. Sometimes I really wish I could find a partner who could trade the account on days the market trends and I could trade it when it chops.

check this out. http://www.youtube.com/watch?v=fi4fzvQ6I-o Never thought I would be living through another one so soon. :(

I dont think I would be too concerned about this week. This was a hellish week to trade. These damn levitations are great for investors but as a trader I just cant stand them. Hope the panic returns soon, though I doubt it will happen before the new year. These idiots and their positive...

That was the point. We havent had a bear market in way too long so people are looking for botoms in 10% corrections. There is no way to know if this time we finally get that bear market or not but a bull can only go on for so long before the inevitable bear shows itself. This is already a...

This is all silly. We all know that it comes down to one thing, REAL MONEY! Those flickering numbers and pretty candlesticks take on a whole new meaning when they equate to your own cold, hard, cash. Its funny, I honestly believe that 90% of traders who have spent as little as 1 month watching...

Its really hilarious that we arent even down 10% and people are looking for bottoms. These are the tops! Bottoms will be ATLEAST 20%-30% lower and in 9-12 months from now. This bear market is so overdue and has been put off for so long, that now that it finally takes hold, it will ravage its...

If you are short, get out of dodge for a few days tommorrow morning. NQ is VERY close to one of those madness inspired ramps. It wont make much sense and nothing has changed but the game goes on.

If theres one thing I've learrned about the market, the only pattern that repeats is that patterns dont repeat. True story, was talking to my mother on the phone yesterday around 2PM (she has a better feel for the market then most career traders and she's never owned a stock in her life :p )...

Amazing results! I just have a hard time understanding this, "Really tried to buy the follow on fall in the market on Friday in the early morning, scooping up BIDU options, and selling for 17K after about an hour later. Came back in the afternoon and thought surely the market must rally to...

Totally agree! This week ended the trading carreers of many traders. Incredible downside which hasnt been seen in a long time. I had my best 3 days in 3 months and every trade was LONG. Important to wait for short term volume exhaustions and jump in for the short term bounce and get the hell...

Great post! I totally agree. It's one thing for a computer to see a bar formation or indicator trigger, but quite another for a trader to see the subtle nuance of HOW the price action evolved. How has the market acted that day on an up move? How it reacts to a down draft? Who lifts? Who...

Unfourtunately the oil momo boys will use this as another in their never ending stream of excuses, to ramp oil again. Its hard to believe but those moron are taking it to $100 this year. :mad:

As far as pure scalping in index futures, ER2 is probably best. $100 per point per contract and trades in .10's. But it can be a bucking bronco and rip you to shreds.

Last I heard Prince wasn't running Wamu or Wachovia. Citi's problems go way beyond Chuck Prince. There's a systemic disease running through the entire U.S. banking system and how it all plays out will be interesting to see. My biggest question is which of the big banks will be the enron of...

Its funny, I've had the best few days in a while. I can never make a cent when the market breaks into a trend, but this sideways to down stuff is like an atm machine. In my opinion congestion on a 60 minute chart with with 1 and 5 minute channeling signals is the easiest way to consistantly...