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Anyone know why oil is down so big today?

what is your target?

This is a great point, ideally you would ride a scalp into the longest time frame. Each trader has to define what is a long time. For example, I went long GS early and while sitting thru the drawdown was unpleasant I was confident in my position. The whole trade was 20 minutes; felt like two...

LOL. Where's the bottom on that?

At some point you should have reversed short if you were long. I tried a couple of long entries at the end of the day without much luck; in other words the tape and p & l were telling me I was on the wrong side of market. The market ended up a little but that may have been some short covering...

BSC conference call tanked the market, monday is another day.

Next week will be interesting, maybe some blood in the morning with people starting to panic on this price action. I would think long bonds would be a winner in a flight to quality scenario. Maybe we can start selling China a 50 year bond. Then reload on cheap credit with some 50, 80, and our...

He would have been a great politician, so full of s**t!!:p

Today was some major dumping with the bears in control. I guess this is all how the market perceives the elephant in the room that is housing/credit. The cheap money trade is stalled, but I am not a doom and gloomer yet. The weekly charts are bearish to me and it could be trend change mode, time...

the joys of trading nothing like a screen freeze up into the close. Any thoughts for monday, the end of the world?:p

flat

long again

out small loss, this price action is nasty.

long scalp here

big boys marking it down!!

We may see $1425.00 after all.

It would have been cool if he had a heart attack!! What a dork!!

Any news this thing is getting trounced.

looking cheap here. :)

Spectre I appreciate your info, and also the professionalism shown on this board. The market is a gaggle of opinions, and we all need a break from the stress sometimes. I have learned alot from reading these posts, thanks all. :cool: