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I consider the 98, 2000 and 9-11 declines quite orderly. Nonetheless, I'm in agreement with you in spirit. The market is heading for a problem IMHO.

I'll make a controversial statement here. While it is highly likely that we will see an orderly decline, we will not see a crash anymore due to the proliferation of hedge funds. Reason being is that the market has much more 2-way action due to hedge funds (longs and shorts) which will buffer the...

Think of it this way. Many people go to Vegas, easily spend 5k and go through their money quickly. At the very least, your 5k will probably last longer with Bright and I would venture to say that your odds of coming home with some extra change in your pocket is significantly higher than that of...

Nice break in $/Yen. 107.00 or therebouts should be strong resistence now. Low risk short entry here against 107.20 or so...Best. Neal.

Nikkei be long and buy on dips.

My guess is that IB is showing the actual Globex (?) electronic market session. Refco is probably running an internal system as they are market participants as well. My guess is that when you get filled through Refco the other side of the trade is Refco. When you get filled through IB, it is the...

Who protects the capital at these places? Do you need to put capital with them or can you put it elsewhere and still trade through them?

Incredibly interesting. To me it's clear that the central bank was on the 106.90 bid dropped it then bought dollars at the market. Nonetheless, the Yen cannot be weakened. I just bought some Yen to add to my position. The central bank is fighting a lost cause. If I had the power of George Soros...

What's up with the monster bid in $/Yen at 106.90. Central bank bid? Please don't speculate. I know that the central bank is buying billions, blah, blah. I'm interested to know if anyone really knows who is on the 106.90 bid in $/Yen for the last 2 weeks? Thanks!

IMNSHO, 99% of traders (real proprietary traders, risking money to make money) lose money. Don't forget to add attrition to the equation! Neal.

I think it's time I chimed in to defend my good friend Marketsurfer. With all due respect, bbmat, Marketsurfer knows a lot more about Tudor Jones than you. For the record, Mr. Jones along with most other traders of his ilk, utilize a variety of factors, fundamental, technical, quantitative, etc...

LOL, what a joke! If someone sprinkled cyanid in many of the Apple pies in the US, would you feel it your patriotic duty to run out and go eat some? I think you might be overestimating the Patriotic sentiment of most Americans just a tad. Beef and all related stocks/products will be hit majorly...

As Easyguru said, John Henry and Bill Dunn are trend-followers. Nonetheless, I understand what you are saying and the answer is no, I've never seen anyone make any significant money utilizing an off the shelf so-called holy grail technical system.

bbmat, you must be joking! The guys that Cutten listed have a combined earnings that is higher than the GDP of many small nations! They are all verified and legit. All are running multiple BILLIONS of dollars and have lifetime earnings in the multiple BILLIONS of dollars. For the record, most of...

Very good point.

I made a mistake and I paid for it. I was stupid and undisciplined and the market punished me for it. Hopefully, I won't make the same mistake again as the market never lets you get away with anything! Glad that I posted this, this way I can always refer to my mistake and lack of discipline in...

Is it actually considered investing when you play from the short side? Interesting question. I'm a hybrid, if the trade works, I become an investor in it, if not, I'm a trader (out in a blink).

Incidentally, my sales were at 1076.80, 1076.70, 1076.60 and 1076.50 in the big S&P. I won't let it go more than 4-5 points against me. If it's trading above 1081, you can assume that I am out or getting out. Best.

No specific time frame, if the trade works, I may be in for a few days or weeks if things really develop in my direction. If it doesn't, I may be out of it before night's end. I think you answered my question, you think the market's going to make higher highs tomorrow, I count that as one in the...

Just taking the current temperature of the traders. Is anyone really getting short up here? I am for what it's worth. No particular reason, just feels heavy to me and S&P near the upper end of it's trend channel. Although, I've been known to turn tail and change my mind at a moments notice...