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Or a fancy dinner for two at a good restaurant. I was thinking the same thing earlier.

The shorts will have to cover at some point and then a rally. As I said I don't trust this price action. One short scalp so far. I will be reloading.

I am only playing short or flat today. I do not want to be on the wrong side of the short with the news hammering the market 200 points in a minute.

good call.

Here is a chart of GS and SPY, what am I missing here? You must have me confused with marketsurfer.

Yeah, I am sure some people got whipsawed today. GS went from $198.00 to $188.00 back up to $197.00 and all in two hours and from what I hear taking the market with it. :p

Food for thought: "Much forecasting information is revealed by price, and studying price will always be faster than analyzing a derivative of price. Some of the best swing traders have been master tape readers." New Thinking in Technical Analysis page 8. Someone on another thread was...

$1460.00 looks like a good spot to be long from. Remember on the way down lots of resistance around this area, $1490.00-$1515.00.

Getting close.

Your statement " I am really new to this " makes me nervous. You should paper trade for at least six months. You should understand the difference between direct access brokers and those that are not. I will let you figure that out. Data is a separate issue as well. The data from the exchanges...

Done for the day but there should be a strong close, just my $.02. Prices holding up pretty well and xle up $1.49.

out here $147.00 on the cash. Good day all!

Is this person an et sponsor buy any chance?

well there is the dip, time for a pop?

Here is a chart updated from a few days ago. Daily chart with keltner set to 20, 2 standard deviations. Anyone know what the probability we see $1490.00?. First target $1512.00.

This is too easy today. I know what you are saying, there is always room for surprise. I am looking for that quick volatility drop though. Good luck to all today. :)

way to hold under fire, you should get a free scuba diving certificate. The reversal here has been amazing!:)

man, I am in tears!!:D :D :D

The fed meetings are my favorite time of the year. Its like early xmas. Ok lets throw out a scenario, fed cuts 1/4 pt. market rallies to $1560.00. Nope, cut every unlikely. No change is the most likely so how will the market react? The usual pattern is drop and reverse higher, that's what I will...

I remember being on the floor when the dow was down like 160 points, this was when that kind of swing was a big deal. All the big shots from upstairs were there, lots of panic. This clerk goes walking by and I say "Hey what's going on today?" He looks at me without blinking and says "more...