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Last week we had . . . Nothing but bad news from the media. One of the most skewed put/call ratios of the last 10 years. Spread between smart money/dumb money largest in years per Sentimentrader.com. A retest of the Jan lows that found buyers. We got extremely overbought over last couple...

Many of the lagging sectors: banks, small caps, nasdaq closed beneath the Jan lows yesterday. Ok, so the large caps didn't, but it still clearly was a test of the Jan lows. While I would prefer the Fed to have not intervened and them held on their own right so to speak, who cares! They held...

Heard that before. Everybody said we needed a test of the Jan lows before we could go up. Got the test yesterday and some near capitulative sentiment readings to go with it.

1. No. There is another margin category called maintenance margin. Some brokers will automatically close your position once your equity level falls below maintenance margin. I personally would never open an account with a broker who does this. 2. I guess in theory. In reality - nope...

Judging by the unrelenting selling pressure in financials and small caps leading up to said report I would think the report will be interpreted as ugly. All news is bad news when everyone is bearish . . .

The poster who advised going after an entry-level scheduling job was giving good advice as most junior level gas traders come up through scheduling. You may also try real time power desks to get your foot in the door. The rotating shift work including holidays and weekends keeps those...

Small caps getting trashed last 24 hours. They lead, enough said.

Out of large caps, into small caps. That is bullish activity, not bearish.

Precisely why this week's lows will not be seen for quite some time.

Yesterday's lows will be retested eventually, but I wouldn't lose any sleep worrying that yesterday's lows get retested this week.

Actually, if you want to nitpick, it's both because he is crossing months

Yep

Yes, that is my understanding. Edit: opens for trade date 1/22/2008 regular time, so agree with previous poster 17:00 CST http://www.cme.com/trading/files/2008GLXholidayweb.pdf

The usual time

Throw enough sh!^ on the wall, and some of it sticks . . .

Wasting away again in theta decay-ville . . .

Why? You can already trade the far,far more liquid IWM,SPY options. Span margin relief is about the only benefit I can think of.

I was told that to receive real time YM quotes one would still have to pay the $55/mo CBOT fee even though the contract will trade on globex.

Ok, I'll bite - I do not think we trade <1400. Bears have been fed a steady diet of bad news for months and all they've accomplished is 6 months of rangebound trade. Now today they got confirmation of the most widely advertised recession ever and are most likely selling right into the hole.

Kinda pointless to trade this pre-holiday garbage isn't it?