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Man you need to chill out. I never said I'm a guru, I'm saying this could go to 740. So what if it doesn't? I'm merely expressing my opinion about where this could go like everyone else in elitetrader. No one's asking you to believe me. geez, all you guys are so uptight these days.

I've been bearish on this and actually shorted 5 contracts at 778! Covered, then shorted, and repeat. http://elitetrader.com/vb/showthread.php?s=&threadid=62996&perpage=6&highlight=er2%20top&pagenumber=54 Now I'm definitely seeng some support and I love my candlestick hammers. I don't...

if you're trading QQQQ, might as well trade NQ. They're essentially the same. So what's the advantage of trading QQQQ over NQ besides the fact you can trade smaller chunks of QQQQ and you can't trade less than 1 contract of the NQ.

I could be wrong (much like everyone else) but this is a probability game. I see a nice Candlestick hammer on the SPY / ES (weekly chart). This usually signals a change in the mental make up of the market... at least for the next few week.

supporting weekly chart: Bullish hammer Strong support on 50-week MA Strong trendline support if you draw a line from august bottom to this point.

You know what's funny, I was watchinig a BBC documentary that said guys love competition. So when they're losing, their testosterone goes up, they take unreasonable risks, and end up losing worse (this was based on an experiment on go cart racing). So, if we can be like women when trading...

how far do you see this thing going thorn? I think, all of a sudden, from ultrabearish, I'm turing into quite a bull on this rally. I dont think this is a headfake at all... plus this bounce was in sync with the bounce in asian markets.

I think this is a perfect setup when the feds raise then pause. Markets will go higher: DOW: 11600 SPX: 1330 Russell 2000: 780 then next huge downleg (if that). Getting ready to start putting in money on the Nikkei, too.

very very nice buying. If this is up tomorrow, I think we're going to approach 740

Who here thinks Nikkei will be back to 14200 by Monday? aye.

hey scalper, excuse my ignorance, but you said leasing a membership from CME will lower the cost? How does this work? Is this only applicable for pro traders? For a retail trader that trades thru Interactive brokers, I'm guessing this is not applicable? thanks!

Been riding long and strong on this since 118... good luck! I wouldn't short this with my own money.

so why did you buy it? too tempting? it seems very tempting though, I gotta admit.

wait for at least 3 up days. huge dumping on gold going on.

Who's to say it won't go to $1000. While I don't see it at $1000 this year, I think 750 by end of year is very possible.

To those asking: CME symbol: NKD I'm kinda on the fence on the Nikkei. I think this selling is overdone. Will start to scale in. Nikkei may end at 16,000 end of the year :confused:

The next leg is coming very soon, I believe. maybe a dip to 580 then off we go, back to 700. Silver on the other hand and base metals, I don't know...

Sure enough, we're above $71 again. We will see $80 no doubt. PLUS, have you seen what happened in the middle east markets? They'll tighten the oil supply if they start needing cash because it will cause oil to go up and more money in their pockets to save themselves.

Gold will rally back up to $650-ish . Fed is raising rates one more time then stop for a bit. At least that's what I see from the bond market.

be careful, it formed a very bullish candlestick hammer today which can carry on to tomorrow.