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There are a lot of people claiming some epic reversion to the mean like dow 10,000 etc. especially the gold bugs. I think the problem is that inflation has gone up so much since the introduction of fiat currency in the early 70's, that everything is inflated. Lots of cash out there chasing alpha.

my guess would be a gap up so that if it closes down $40.00 maybe it opens down $35.00, just a guess though.

I guess I worded that poorly. Assuming GOOG closes down $40.00 after hours. Where would it open in relation to the afterhours sessions. Not asking for a crystal ball reading but from past experience where would it open in relation to the after hours close. thanks.

any thoughts about where this will open tomorrow? up down sideways?:confused:

I had a friend of the family ask for my blessing for his "no way I can lose" covered call writing stategy. I simply explained that if the stock price dropped more than his premium that he could lose money. Think that stopped him? Nay, time for a second mtg and the short path to riches; this was...

Go through the tutorial at IB if they have one. I love how you guys are all 8 miles over his head. Learn how to execute a basic options trade (hopefully on paper), add from there. learn about equivalencies in options, ie long call = short put etc. then you can go for a jelly roll. :p

that's a given, alot of this is perception, I'm all for a discount on GS which is undervalued imho.

agreed.:)

which puts us at $1490.00 or so again.

german DAX down $123.25 (1.54%), that's a big number.

Classic, they are hired!!:)

grail article

Here is a weekly candle chart of emini. Notice the wicks at the bottom showing the rejection of lower prices. This got me thinking about the grail technique of Linda Raschke. Some of the newer folks may benefit from this. Set stops as always. http://www.hardrightedge.com/wizard/tl2.htm

"I don't need the profits from the trades. I just want to prevent them from blowing it all. And they would have to clear the trades through me and explain the rationale for the trade" Blow up would be my first concern, you need some sort of risk management. You may want to chat with local...

This may be off topic but you may also consider diversification into real estate. One of the advantages of real estate is there is less chance of bone crunching drawdown as in the futures market. Hungary is on the euro I believe, which is generally bullish for real estate in that country. There...

more of a scalp than swing but nothing wrong with taking profits, your timing was right on.

Here is my daily ANALysis. Max pain for shorts.

Here is a chart of emini with keltner channels set to 20, 2 std. Looks like a double bottom at around $1490.00. Also a link to barchart with a simple 100 day average. Only three long trades make this system profitable. Long term trend following works but you have to take all signals...

In case you live on the moon here is one of a million articles about the ceo of WFMI trying to get a better price on his stock. I am curious what traders think. The ethics are obviously questionable at best, I wonder if this merger will get blocked...

this should help! http://www.mirimgs.com/webcam/paint.html