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Yeah I was considering BIDU for a short play. I would do it, but I'm already all-in short on GOOG. If you notice, BIDU is forming a head and shoulders pattern. Actually a lot of stocks in the nasdaq are forming H&S patterns. Looks like a correction to at least the $100 range in my opinion...

I don't consider myself a bear or a bull, I look at the charts and go from there. That said, I would think a downward break is coming soon. I'm decently positioned for a downwards break, but I have stop losses in place just in case :) Best of luck to all.

Smart money is already out of the markets. This upwards move is the crowd of retail investors late to the party and not wanting to miss the move.. too bad cause the move is already over - they've had since july! I'm expecting a soft landing as well. I believe 2007 as a whole will end up above...

I don't believe the market is clear-cut in being a zero-sum game, maybe certain derivatives are. Some could say it's a negative-sum game, as both sides of trade lose money to the house - the brokerages that earn money on a trade. Certainly a game of poker played in casino is no longer zero...

I agree with pacfutures, that doesn't look like a failed pattern at all. Looks like GOOG is making a throwback to the shoulder trendline to "kiss it goodbye".

why trade ethanol stocks tied to the price of corn and crude oil? you're banking on a positive correlation of ethanol to the price of crude oil, but that adds more factors that could cause the trade to go wrong. for example, corn is a trader's market right now and it has been skyrocketing...