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Bruce. A mathematical mind is a terrible thing to waste in trading. I advise you to seek your fortune elsewhere. I know whereof I speak. I am still attempting to solve Schrodinger's equation for the boundary conditions set by the high and low of the day within the box of regular market hours...

JackR. Thank you so much for helping me to keep ET's standards high. But I am so sorry to hear that Nitro coined that particularly apt turn of phrase. That is almost as bad as if GG had. But has it occurred to you that you might have spent your time better learning some market minutia than...

Hahahahaha! At 9:21 AM PT today oil dropped a quarter in a few seconds. Man, I wish I had been filling my gas tank then! Wudda saved a penny a gallon! Unfortunately I was fat fingered and only made an NQ tick off of it.

I was just thinking. Trading is the only profession where you can drink on the job, with the possible exception of driving a locomotive. "Drivin' that train..."

I forget now who the brilliant wag here was who coined the term "tick fucking." I believe it was in response to one of my pathetic boasts about making $5 with 1 NQ in a few seconds. (I am far more enamored with the rate at which I make money than the actual absolute amount made, which I know is...

Hey, man! Lookit dis chart! Great fund puffomance, huh? What? No shit? You mean? It's a FOREIGN fund? Oh! Sorry! Wait! Hey, that's un-Amurican! I thought we had laws against that.

A PM correspondent kindly informed me that if I did not actually take receipt of the 500 bbl I borrowed to short 1 QM, I am not in fact obliged to pay it back. Thank you so much for clearing that little concern up. Commodities are so much different from index futures.

Easy and Gnome. This is not funny. I spent all morning trying to guess where NQ would go based on where I thought QM would go, and finally I said to myself, assisted by half a bottle of White Star, "Why the fuck are doing this? If you think you know where OIL is going, why not just trade OIL?"...

There is a song from Hair that goes: "Fellatio...cunnilingus...pederasty! Mother, why do these words sound so nasty?" Add manipulation to that.

From 9:00 to 9:23 AM PT today oil went up a whole fucking DOLLAR, and MR. NAZ says "What, me worry?" THEN when the run is over, Mr. NAZ says "Are we done now?" and rolls over. The lesson? Instead of shorting the NAZ, long oil! Much as I am loathe to bite down on the 50X, I started trading QM...

Uptik. I would have disagreed with you no matter what you said. For a near term play I would draw the channel as in the attachment. The fact that MYG is stooging around in the middle of that channel without bottoming out suggests that it might recover. Also it's at around number, and it likes...

Bless you for posting a chart to back up your opinion. But if you drew a recent channel, you might conclude that the future is bullish.

Utterly fascinating. Thanks for sharing. And your secrets are safe because you posted them in this thread! I heartily recommend watching QM. It's a case of when it works, it works, and when it doesn't, it doesn't. F'rinstance I made a little scalp today (as I do almost every day), where the MMs...

Very clever. Sounds a lot like how LBR described her trading, she knows the probabilities of occurrence of any given kind of day, and in relation to what the previous day was. But you don't watch volume? (I make most of my money off of volume anomalies.) And you don't watch other markets...

I forgot to include consolidations and false breakouts to shake out the weak hands (like me).

I am rendered speechless, which is probably a service to ET. What was it Arthur C. Clarke said? "A sufficiently advanced technology is indistinguishable from magic."? All I can say is, how do you square that, if at all, with minor little events like Greenspan speeches, ten year note rate spikes...

Since no one reads this thread I can be as insulting as my petty little personality wishes. To the best of my knowledge, only TWO charts were posted on ET today. We could kill petro prices simply by bottling ET's gaseous emisssions. That is, if we could stand the stink when we burnt them.

A fascinating and eminently tradeable sequence of events in TNX, NQ, and QM at 7:30AM PT today. Viva Greenspan!

Buy and hold or scalp? Three years ago the wife said: "Every time I open your damned sock drawer it falls out! Please put your gold in the safety deposit box!" I did, and forgot about it.

I will simply comment that this chart is ominous. Ominious? Omiunos? Suonimo? Suimono! That's it! It's my favorite Japanese soup!