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Nice work.

Let me tell you this, I've sat down and chatted with a PM managing $4 billion for one of the most respected HF. We were not talking macro, we were talking models.

The traders serve a purpose and the analysts serve their puropse. They both have different agendas.

All you need are some great models and some monkeys.

Bear Stearns , UBS, etc. These are the supposed "experts". All failed hedge funds. Their traders make fortunes though.

LOL. Take your financial radio, your financial newspapers, your analysts research, place them on a desk, slide the desk under a window, open the window, tilt the desk and start making money.

:eek: Buy the news today and you will be selling newspapers tomorrow.

Now your talking my language.

Ahh, what better way to initiate a final climatic drop. The market will always move against the convictions and confidences of the majority.

Is this a trading thread or a news blog? I think there should be eliteanalyst.com as well.

Did you hear the pop sound up here in the 90's?

Thanks apex, always nice to know your on the same side.

Model telling me tomorrow's drop may put in a bottom. Looking at the longer term model, 1507.50 is the short area, we selloff and then put in a bottom around 1413.

I'll be positioned short within 87-97. And don't forget what happended last turnaround Tuesday.

Three-Fingered Louie once asked me to trade his "family trust". I had to politely decline.

Everyone's correct and so is their model as long as there is a model and not just guessing, feeling,etc. The best HF's are all model based and want them kept secret to avoid them reaching equilibrium.

I don't think, feel, or guess what to do. I just have faith in the model and obey it. So yes.

Any shorts under 1485.75 likely to get picked off.

Inching it's way up there.

LOL, an analyst on bloomberg just said investors prefer perception over reality. He must be reading the es journal.