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why are you always so defensively lately? i was just making an observation, never in my statement did i criticize you or anyone else's trade nor offer some hindsight bs. yes i see the dojis and the topping tail today, i also saw the collapse from 950 in the last hr. But what i am saying is...

i am not sure what some of you are celebrating exactly, today's action has nothing. Tested 950, failed, but 940 also held. All eyes on next week, the long waited triple witching week. I am expecting we get some decent action and i dont mean to the long side! If that fails, i am hitting my...

remember those floats you use when first learning how to swim. this market feels just like that, no matter how hard you push, it always come back up. i was so sure the intraday falling 200ma will hold, but on second hit at exactly 3:30, it went right through to close at 940. tick tock...

dont get agitated, the value of this thread is to look at one's trade/market/technical all together without emotion. Ie lawrence chan never posts his trade, but i find his posts very informative even though may not agree all the time. what is the point if all you see are in 920 out 910 in...

dude you gotta becareful here. I think we started with very similar views, although i dont look at intraday as much. But now i am turning from bearish to neutral, just because this market is not making any sense. 1) the falling 200ma is now squarely touching the raising 20ma. Forming a...

it's not rumor it's fact. china is moving from long term to short term to protect itself, it's like turning a carrier around, will take sometime to complete. best case interest continue to go up and you have stagflation for a while. worst case some medium sized country without strong...

what the fuck, you missed the strongest one: the chinese yuan

this fucking market man.... i am going to hold my es puts until this month's expiration, which also happens to be triple witching day. Expecting some wild actions then. I still dont understand why the market is so bullish after a 40% runup, hitting a massive technical resistance, inflation...

i am not throwing the charts away yet. Technical and price action never changes over the years because human nature do not.

what the fuck, sp just went pass the major double or triple(depends on how you slice it) top AND a falling 200MA like nobody's business, without even a blink! looking at spx daily, this is the third time it touched and broke 200ma. First time it was jan 2008 when it broke below the 200ma...

why do people continue to insist some sort of government master plan / conspiracy, when in fact it's just market reaction. Did you really think somehow the government caused today's market drop, and not the bond market starting a shitstorm. Or the oil crashed because of government doing...

good idea to start small, looking at the chart, ung just broke below strong necktie support without a single pause. So there is a risk of continuing down.

It's interesting the letter is complaining about the failure of free market economy when in fact it's the very definition of capitalism at work - market darwinism at its best. Although on a personal level, it is always a sad story when someone's life work fails. But the author is completely...

Did you just expect IB to provide personal customer service? let me finish cleaning up all the OJ coming out of my nose from laughing so hard.... just be glad they didnt actually lend you the stocks then turn around charge you 50% borrow rate without informing you first...

Every quarter after Dagnyt Co's earning are released, the stock moves drastically. Week before this quarter's earning, the IV on the stock actually dropped. 1) Determine the IV is underpriced (whichever method - knowledge of the past earning price action, systematic scan on historical IV...

well this makes for some good bedtime reading....or not. i think the edge is to properly apply the right strategy at the right price. Not sure if choosing the right strategy can be considered "statistical" rather than experience/knowledge of the option trader, but it is an edge none the less...

what mark said, dont assume they are naked short the contract. They could be long/short the underlying, and just trying to hedge intraday or a host of other reasons using it as PART of their position. i agree it doesnt make much sense for a retail to solely sell the contract for a few pennies.

nice prediction and lovely chart. I dont think the market has the strength to break this channel, so the logical assumption is we head back down towards 870s

there will be a separation of good banks and bad banks by the market when this is over. With the good banks reaping the rewards. The line is already started being drawn. GS and JPM are the front runners on the good bank side. I would not bet against those 2. Just my $0.02 And this thread...

so basically no matter what country you are in, uncle sam will aways get his federal tax as long as you work for an american company. Then it is up to the foreign country's rules to determine if they will also tax you or not. Well this is insane, for example in china the tax rate is very...