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Back when he was a hedge-fund manager, he guy used to trash monitors and keyboards almost as if it were a bodily function.

Are you really that naive to think that the market will never drop again? I know you're new to this, but, come on already.:-) As to when that will happen, I will leave that to someone else, for I have no idea.

I am going to avoid the temptation to give you "advice", since I assume that if you are trading the S&P--even the e-mini--that you are comfortable with the risk: 1. LONG ES + LONG PUT= A SYNTHETIC LONG CALL. If you buy the 1485 put and are long the ES, that is same as being long a 1485 call...

I would interpret Cook's indicator as a heads up warning, but it would be imprudent to go short and expect to see 29% declines or more just because a great trader sees that in the cards. I disagree with his particular interpretation, but I listen. He has earned his reputation through success...

I'd second this. When I read posters talk about "how it's different this time," it is apparent that they haven't been around that long, at least in the trading arena. After the bull ends, whenever that may be, they probably won't be around for too much longer. I find Cook's views of the...

Are you serious? Keep working at it? The guy's been trading over thirty years, has been daytrading the S&Ps for somewhere around 20 years, and is the only S&P index trader profiled in THE NEW MARKET WIZARDS. The indicator is notorious for being early. It is not really for daytraders as...

The caps, the multiple exclamation points--it's a dead giveway. This thread is all sarcasm, right? Making fun of the greed and reckless abandon that permeates CNBC. The thing about shorting 1000 put contracts, the buy every dip permabull lingo--you guys are just kidding. After all, no...

Crashes tend to come after parabolic rises. It is almost as if the overconfidence and euphoria from the bulls serves as fuel for the decline. The more they go up, the harder they fall. The market has gone up solidly since last summer, but I would hardly call it euphoria. I can see a...

One thing not mentioned here: it is much easier to hedge naked straddles than naked strangles.

Are you sure, Coach? I am pretty sure he sold straddles. When they went against him, instead of covering, he bought futures to prop up the Nikkei. If he had done the right thing and had taken a loss, Barings might still be around.

Back to the title of this thread and away from the needless bickering, what IS his method? Is it simply "channel trading", and, if so, what kind of channel? Thank you.

I expected a weak pullback, and this was about as good as it gets. This is the last week of March and of the quarter, and I would expect some additional buying in the next few days. I would not be surprised if the June E-mini hit 1465 in the next week or so.

The latest from Mr. Cook http://www.markdcook.com/index.cfm?page=Commentary-11:-3/09/2007

How can the market be down 1.2% (or more) and nevertheless "keeps going higher"?

Does anyone know (or know where I could/should look) if I want to find out how the IRS treats the trading of NON-US futures? In other words, is trading DAX or Nikkei futures treated the same (60-40) or differently as trading the S&P or other futures?

What's your view on today's breadth and volume? From my standpoint, breadth was strong, but volume overall was weak. It was a 90% up day, but I remember those during bear market rallies. I would prefer to see a confirmation day (who wouldn't?).

On NEW, check out that 51% dividend. Yeah, that's safe for sure.

Thanks to the person who posted the link to Mark Cook. Many, many thanks.

PM Segv with your email. He might know.

Thanks!