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the more you look at it, the more obvious its becoming; the high reserves of crude oil (so much so that it can't be delivered) yet the price keeps going higher(??) Ultimately, its the carry trade, ppl are borrowing yen -> Oil. Everytime the yen rallies the crude market slips. (just like US...

i think they have curbs to the upside also

I dont think young people consider making $7.25 (in today's dollars) any form of "winning" (which doesn't happen until 2009 and go knows how much more the dollar will be devalued then)

OTOH, increasing minimum wage makes the economy go. Why? Because poor people are poor cause they spend everything they make. They dont understand investing, etc (and if they did they don't have a chance to participate anyway). So, will more money in their pockets, the more LCD TVs etc will be sold.

what most interesting is that companies cant deploy their capital. Thats why they're buying stock, because its the best alternative. Interesting what it says about the economy. (Ie they can't beat the return by buying their own shares versus actually production.)

ats: what setup did you backtest this with? I'm using amibroker now and am interesting in backtesting some intraday ideas, but I haven't found a good source of a intraday data for amibroker that goes back for many years.

i think its a good trade. I think its going to flush lower before the open, why not? Plus they'll gap everything extreme down ... reminds me of a saying, trading is like throwing up, you hate it when your doing it but it sure feels better when the its over :) Good luck, but be prepared...

usually when you break a number like that you are goign to get another 200 pts just for the short squeeze. But it needs to close over it

how big is it. Can it fit on a keychain & in your pocket? Pictures please, with something to reference it against to get the size. Thanks.

even if we top at some pont in the near future, i gave a 2 day horizon so the call was wrong :( However, I agree the magnitude of being wrong is impressive :)

Lately, almost everything CNBC says is fadable. I was long AAPL and sold before the release of the iPhone. Normally, its buy the rumor sell the news. This time, CNBC was TALKING about it all the time, and lo and behold Apple actually rallied (at least thus far). I've noticed that as the...

hi, i have to say my call was wrong. I was waiting for a larger pullback to get long and was only 10% long when the market took off. Undoubtedly, because of the negativity survivorship bias of this site, this post will come up again rather than my myriad of correct calls. In either...

i was looking at the DIA monthly chart. OTOH, you could say that be broke out of a 7 year base which could justify 4000 dow points or so.

if so, should be a good ride! (until it ends).

unless, of course, its a sideways day or we close @ the same price we open :)

sounds like someone who makes money. I don't think there is anything wrong in 'predicting', since ultimately its just a game of probabilities. So what if your wrong? What if today HAD been down? Than its all good. Just being fooled by randomness to some extent.

sounds like someone who makes money. I don't think there is anything wrong in 'predicting', since ultimately its just a game of probabilities. So what if your wrong? What if today HAD been down? Than its all good. Just being fooled by <randomness> to some extent.

shelf offering means that they have it ready to go (sell stock) at anytime so its on the shelf..ready to go. They are selling stock for a price, and thus dont have to pay any money back. a credit facility is a loan. You have to pay it back.

We still need tommorow's prices to close. At that point if we dont see negative progress I will agree this call was incorrect. We may potentially go retest but I dont think so. I think we test 1490 and then go higher. Oddly, "devi" chimes in after the market closes. If I had been right...

conditional probability