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I think people do not understand that the "market" has had a huge sub-rosa rally because the S&P 500 and large-cap techs were just realigning with their huge market caps. But many sectors have had 100%+ runs, and their respective charts are extremely extended. To extrapolate from this point that...

Because that's what's worked for the past 2 years, although this time the rally has some clear sailing. Don't underestimate the stupidity of the mutual fund managers to keep buying when the perception is that everything is great.

Agree... the froth is in U.S. equities. Lots of talk about the reduced deficit... too bad we're peaking in the economic cycle. :D

Yeah, in the typical takeover scenario, the bid holds -- this one died from the open. I'm sure the SEC already knows who sold. :D

Check the members of the original LineMovers... I'm willing to bet they're combing through the StockWatch records right now to see who dumped.

Poker Analogy: If you can't identify the sucker at the table, it's probably you. Trading Analogy: If you post a message on ET asking who got blown out, it's probably you.

I think that's accurate. In the larger scheme, the reaction to the London terror is very interesting -- some seem to dismiss it as a one-off event, but I would not underestimate the impact a series of relatively "small" attacks can have upon an economy. When you have an idiot like Larry Kudlow...

Don't fight the machines today -- they always win. :D

They sure did -- talk about sloppy sellers. Sheesh.

Very important. I've reduced it to the most basic concept: pennies. Regardless of position size, I win or lose X pennies on any given day. Keep a jar of pennies, add to the jar on the winning days, and remove from the jar on losing days. The symbolism is important, and it's an amazingly simple...

Hey, were you able to stick it out through that mind-numbing meltdown shortly before the reversal back up? I was down big in the blink of any eye (bought at the same levels) and then huffed and puffed back to profitability -- had to keep repeating to myself that -21.50 was a bargain for those...

That's an astute distinction, and maybe I can illustrate with an example using the past two trading days. For the record, I run an overnight system designed solely for ETFs and trade the same ETFs intraday with discretion. The system is a hybrid, combining volatility breakout with mean reversion...

I think most traders stop short at the idea of embracing choppy markets. Yeah, it's a lot better when you can catch open range breakouts every day (think 2001), and historical volatility is above average. You may have thought last year that the low volatility was just a passing phase and didn't...

Worse. They can't pull the trigger, if ya know what I mean.

That's what happens when your minute data for each symbol are stored in a flat file 13 megabytes in size. I mean, WTF were they thinking? That's why the load times are ridiculous. But talking to the TradeStation folks is like talking to a field of boulders. All they needed to do was hire a...

The beautiful thing is that the market can only stay quiet for so long before things go haywire, as global unity is to jumbo shrimp. This spring and summer has been reminiscent of 1994, when the index volatility was about the same, and that was the worst it was for the next ten years. Stay...

Fantastic analysis... thanks for sharing that.

Net, as required by law.

Gee, I wonder which side Japan would pick?

Heh, I love it. 100 stories, 10 stories for each commandment.