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Washed the shorts and yes the longs yet again won the game of inches. But like a wounded bear I again shorted at yet a higher price hungry for some bull flesh.

Pretty clever, huh!?!

Then again when El Jefe Grande talks about education and doesn't whisper in Maria's ear well... I guess the market just doesn't take notice.

Volatility cycles. It'll be back. Think LTCM. More money chasing tighter spreads. The last two days have pegged some of the lowest volatility in months actually if you want to quantify-- ONE OF THE LOWEST IN DECADES. Coils have energy. Today there was a modest yet lopsided...

No change there yet. Gap up sell-off. de rigeur for distribution. However this bull is hard to break. I may have to wash these shorts but not yet. We'll give it more time.

Several hundred plus. Very tight day.

Spooky calm. I looked back awhile and last time this happened the sell-off was substantial although not the bone-crunching, gut-wrenching 1987 style, pawn your shit to buy dinner kind of sell-off. Just a pleasant thought for all of you longing for your longs to increase.

Snip Wikipedia Norway has obtained one of the highest standards of living in the world from petroleum production. Norway possesses the second highest GDP per-capita and second highest PPP per-capita in the world No offense Saxon but you're rather naive. This was pulled up quickly...

Perhaps it's the vast reserves of state owned oil. The whole US is dumb/Europe is smart and has a higher standard of living argument. Ah Yes. I'm not impressed.

I agree. We could see $1200 gold in a few years. Conversely at the commodity bottom (oil at $11/bbl and gold at $200) I couldn't give the stuff away. At the exact bottom I was chatting with a wealthy investor and said I think oil and gold are screaming buys. He said emphatically I don't...

Buy a big house with many rooms in a college town and rent to coeds. That way they are paying you to fuck them. Kinda like a trading mentor. Students paying him to fade them. Then again then you'd have to live with a bunch of women or be surrounded by newbies. Pick your poison.

Thanks. I'm interested in your discussion. D.

Actually what I WROTE was funny.... How do you spell plebeian or is that "plea bean."

By deduction that would make you a lesbian and her in the 25% "hate men with a seething passion." No offense but bragging about your stripper GF. Geez so everybody in LA has seen or tasted her coochie. Nice.

What type of doctor are you-- A gynecologist?

What type of doctor are you-- A gynecologist?

We'll see. My methodology puts my short sell @ 1454 in the ES as a low risk proposition. I should have sold premium both long and short in the options as typically after a move like this in the indexes it takes awhile before substantial moves digest to run to the next level. Hence...

A quote from a smart and very profitable trader(not me--I'm neither smart, profitable, or good-looking for that matter :p ) FWIW: "Pros distribute-- retail buys."

Quote from DUARD "Scare the shit out of those longs." Long??? Not easy being short but that's when the turn will come when all the shorts have been squeezed and the world is long.

Today I painted myself green and I'm green again. Lot's of work though gettin my shorts profitable on gap up sideways trading day. Monday I'm gonna paint myself purple and play the music from Apocalypse Now on a megaphone hurricane warning system throughout the town. Scare the...