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Waggie just keep on chearleading the market. Give the bulls some hope. Most of your posts are either reporting positive news.. or bashing shorts. --MIKE

I shorted some more IWM at 120 and knew I was on the right side when the ES broke out from its narrow intraday compression. Locked in some profits along the way down... Nasdaq looks like real shit. --MIKE

Janus Expects To Lose $4.5B In Institutional Assets http://biz.yahoo.com/djus/040305/1754000836_1.html "Janus said in a news release Friday that the outflows will be the result of end-of-year evaluations by institutional clients who have decided to move their money elsewhere. " Do you...

Yea my bias is still short. I had a 25% short positions on.. and I rushed to cover on friday. I ended up losing a little on that particular trade.. and ended the week almost flat. When the IWM hit 120 I shorted again.. I still have a pretty big short in the DIA. I still continue to sell the...

This is very tricky. Sometimes the dollar leads.. sometimes its the bonds, banks stocks, tech stocks.. Everyday its something else.. and you never will really know until after the fact. --MIKE

Today was a day for the bulls and the bears.

What a move!!!!!!!!!

What do you guys think of the fact that the Dow Transportation are diverging significantly from the S&P500. Looks like the tranportation sector will get hurt because of high oil prices. High commodity prices (inflation) will eventually trickle down into the economy. --MIKE

No you dont. The best traders stick with what they know. Hoping around to the hottest thing is a losers game. Professional equity futures traders just have to be patient and wait for the "break". --MIKE

Problem is that the moves are so boring and slow.. u start wondering where all the futures traders have gone. Also.. all I hear on the news is a bunch of bullshit. They all say everyone is waiting for tomorrow unemployment. Makes sense.. but unemployment is really a lagging indicator.. and...

I havent seen such a huge range on the ES in years. Its become more difficult to stomach these moves. I mean a 3 point range.. what more can anyone ask for? --MIKE

Actually that is not true. He can have a remote prop account and put little money down. Lets say he had $30,000 down.. and made $26k. I wouldnt really call that much for a year eanings for a professional. In order to be considered good he has to earn atleast $50k. Over $100k and he is a...

THREEI. You have to show your $ figures. What if your started your prop account with $10k. And you leveraged it up trading 1k share lots.. and you make $8k at the end of the year. Big deal! If you want your stats to be taken seriously by professional traders you have to divulge how much $...

Are u gonna share the rules of this system?

I have an idea.. how about just close this thread already. The thread is no longer about trading and the market... its become a pissing and shouting contest of Waggie VS Foe. You should be ashamed.. why dont u start your own thread and screw around over there. I will no longer post here...

Waggie.. how about we call a truce and just talk about the markets. I am interested in what u have to say your opinions are valid. --MIKE

Near the 50ma. If we close strong for the day.. I willl not further scale into my shorts. I think 25% short is enough for right now.

Nice fact but I am more interested in making money today. 20 weeks later is along time. My time frame is a swing from 2-10 days. Maybe after this selloff we will have a decent buying opportunity. But right now today.. I think the market might test its bottom range.

Listen.. lets keep this thread about trading and the markets. SMH new lows.

I think its better to start threads involving market direction and discuss different opinions and analysis. That was the point of this thread. I like to hear what others are doing and hear their opinons in a constructive manner. Rather than to start threads revealing a secret guru trading...