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Good Job TG, I wish I could have gotten in on my trade today. Looks like it would have taken a little while but anytime I am short and see a bearish flag form in the middle of the trade I know I can sit back and relax. I'll get my 2 points.

I have to go, Goodluck today.

Here is what I am watching.

Not necessarily for volume but I do for trading the flags which I use volume for. Looks like we have a bearish flag forming now.

I have got to cut out shortly so I doubt if I will get to make a trade today.

Judging by my calculations you should be on the positive side today. All the best to you and yours. :)

Pincessa, I have been building positions on the Q's since July. I tend to do straddles and strangles on my option trades and somtimes they last for months. My latest position is that I sold all my 37 and 39 calls and bought some Dec 42 calls and 40 puts. I also have puts at 39 and 36. I do this...

My opinion, good move. We have been inching up with lower volume and I am thinking we might have reached the top. Like I said though, this is only an opinion.

Yep I am sitting on the sidelines today at this point. I think we are at a pivotal level for all the markets. My trend line for the Q's has been touched 4 times so far and can't break through it. So this could spell an end to this rally. But we will wait and see.

While I understand what you are getting at I still believe every individual deserves the benefit of the doubt as to whether they make it or fail in this business. I don't think you/I/we should judge whether someone will make it. I am sure if I said that everybody would fail at this I would be...

Looks like we have hit a major resistance level and bounced off. I am not sure at this point if it will mark the end of this rally or not at this point. The important thing to keep in mind is to stay market neutral.

Not a problem Hope your trading day goes well today:)

The level I marked had been taken out by the big up move. Your chart was and still correct. Good job.

Oops, I forgot to post the revised chart for you. Look at this and answer he question then I will give you my answer.

If nothing else maybe you will remember this analogy in a few years when you have been around the block a few times and new traders are asking you for advice. Cheers, Gary

It is a decent way to build your confidence. The hard part is not letting confidence turn into cockiness. I trust you will not. You done well my friend.

Hey Guys and Gals, Here are my numbers for tomorrow. Surely we are due for a trendy day soon. I sure hope so. Long 1340.25 - 1343 Short 1330.25 - 1324.50 Ya'll have a good trading day tomorrow, Gary

Before I answer look at this chart and answer my question...:)

Jim, Thanks, I hope I answered your questions alright. The important thing when beginning your trading is to find a method that you understand and that will work no matter what market you are trading. Once this is met then you need to learn everything about the method while watching how the...

WTG :) What trades did you take?