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The bastards that created the latest debacle (bubble) were likely mostly Republicans. BUT both sides of the aisle across many, many, MANY administrations had many, many, MANY chances to right this thing. That being said, only the Republicans have the gumption to think they can even be...

JB: We have sort of been trading in a new range (has support near here). Is there a level that is BIG or KEY for a <i>(further)</i> major move to the downside? pay$ :cool:

Interesting (at least if you are in cash or SHORT) how the Obama administration has inspired NO confidence in the face of a market that FINALLY after 1.5 years is DEMANDING to know what magnitude of BAD ASSETS are on bank balance sheets. The U.S. government should put the banking industry...

I do not <i>know</i>, but I would guess about 80% of the time. pay$

Pretty wild. Upside ES target HIT in the pre-market and now the extended downside target HIT!!!! :p

JB: Looks like the upside target has already been hit. This thing (ES) wants to now bounce madly from 777 to 795, lol. :cool:

As most know by now the latest rally attempt has once again failed - as institutional selling and market uncertainties abound. Moving aside to cash during "corrections" continue to be the best plan (although I do go SHORT with "swing" futures trades - albeit on a lighter scale). Are we...

Just goes to show. . .the market can furiously rally at any level - given traders find it oversold. :cool:

Watching that Mid-Point? :cool: JB: Do first hour lows get as much of a test/bounce? P$

In 2009 I launched a C2 audit of my covered call results as well. pay$

Glad you should asked Kevin. I started (6) C2 futures systems in 2008 around this time. All but one ended the year with gains - ($1,375) loss on $15,000 $15,000 gain on $20,000 $15 gain on $35,000 $15,890 gain on $35,000 $23,750 gain on $50,000 $26,439 gain on $35,000 (see graphic)...

Truly, we (this market) is at a cross-roads. The new Administration, new TARP plan, economic stimulus bill, etc. have run up against a wall. Exactly what Obama promised yesterday - that Geithner will give "very clear and specific plans." were not delivered today as the market awaits more...

I'm sure and hope you use STOPS in your trading room JB! I was looking for a move to the sub-818 area after we broke down in the early going yesterday. The all of a sudden the market became "over-bought" or mark-to-market change rumor. . .but WHAM blew SHORTS right out of the water. :D...

Indexes continue to hem and haw. Of course, that is what corrections do to work things out. But to a large extent the directionless market with no conviction (institutional volume) can be directly attributed to our elected officials. Administration after administration allowed Wall...

Phewww! The day came and went with NO BUYERS to be found <i>anywhere</i>. I had to ask what is going on? In summary, stocks plunged Thursday as a barrage of weak economic data and dismal earnings news erased Wednesday's big gains. The lighter trading meant the market did not suffer a...

My trading systems did fairly well going into the close of 2008. On December 2, 2008 I went LONG with my "swing" futures positions and again started initiating covered call trades my other account. These Jan contract trades were closed and the year ended up nearly 28% - outperforming the...

Insipid market. So we gap up in higher trade (yet not huge) ahead of the Fed. Will they sell the news or leap past support in even heavier trade. Save the banks! JB: what are the targets above 868.50? p$

Hello JB, I see the ranges we are trading within - caught the bullish target in between it and the extended, today. Kind of bold trading the first hour - but the pre-market said up we go! :D Anyway, <b><i>do you see a bias forming</i></b> on a break either up or down (out of the...

Another manic Monday as a large, visible merger meets the headlnes - while a wave of companies fall well short of earnings expectations. The indices are said to now be in "sideways-mode", but with key levels already breached and plenty of bad news looming - I am not counting on it. The big...

Thanks JB. Caught the overnight/pre-market drop: 822.5 to 808 But today has PPT buying all over it.p$ Just be sure to keep thanking them for continuing to provide elevated levels to sell (short) from. :eek: