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True dat.:cool:

As in a rat (bull) trap?

Yeah, pretty surprising pop here. I guess due to the BofA news. Anyways, I'll take one for the team and ask the question. Hey,do you guys think the market will be up or down this week?

What a sucky day.:mad: Bought FAZ after it briefly went negative around 10:30. Was encouraged when VIX/TRIN kept going up.... but FAZ didn't keep up the pace. ES made LL than yesterday, but FAZ came no where NEAR a HH. So I bailed with +5%. Right when Charlie Gasbagarino broke some news...

No. As long as you've got enough balance in your acct to cover whatever your broker requires, you can make 100 trades/day in futures.

No, it's cuz until very recently, FAZ didn't have the overall volume that FAS has had. FAS's runup in volume started a couple of months earlier, and so is nearer its normal volume. Volume today is less than yesterday's. A better indicator if you watch volume might be XLF. It was 81% today.

LOL. Actually, I was on the can taking a dump when it broke down. Had a stop loss on though that never got triggered at the previous midterm low @ 8.95. Now it's up again 2%.

Wowzers. Lotta resistance here at the previous highs. "Looks" like it'll break through though...

Actually, down here around 8.50 would have been ideal for a little more agressive trader - which ain't me - when it rejected going negative.

You might want to change your strategy some then. Why not take trades where you can see a potential of 3-5%, and on occasion take a flyer and make 10%? Seems to make better sense since you're out in meetings and can't watch all the time. Trying to slice little gains here and there are for...

Yeah, it pulled back far enough from the previous high to give me some breathing room here for a daytrade. A better entry would have been waaay earlier, but that's too much like calling tops/bottoms, and I tend to shy away from those. This type of midterm trend is about as fine as I care...

Ok, I bit the bullet and went into FAS A 9.08. VIX and TRIN both started to dip again just as FAS made a midterm HL at around 8.95.

Not quite. I'm neutral here

Time to rethink

Forget the chart. This is my long term.

This is what I'm looking at. ES was in a 6-8 pt range late yesterday, and continued into the morning, then it broke weakly to the upside of that range - between the green and long blue lines. But my real resistance lies on the long green line up around 895. If that gets broken, then I'll...

Yep. I'm seeing this as a weak ass retrace. It may last all day, who knows. But I won't just call a top and enter. I'll wait for some kinda mid term trend up. If I don't see it, or my long term changes, I'll rethink it.

Well, I'm still short biased here (long FAZ) but not in anything yet today. Now that the morning volatility has settled down, we'll see which way she wants to run.

ROFL -100

+1