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covered at 1279.50 this market's wearing me out. done for the week. have a good one, all.

it's an overshoot...for now...my guess shorting at 81

if 80-81 is breached, light-up possible. you may want to keep that in mind...

thnx for the heads-up...

transports

This post makes me think a retrace is in store.

Opex is the immediate mitigating factor I see.

right, profit sell orders...makes sense. really interesting. well, something's up. what--i have no idea. but the more i look, the stranger is gets...

until about 15 minutes ago, i would have said you were nuts. now i'm not so sure. post mortem on the day, and I'm seeing, once again, heavy and determined buying into the close. frankly, i'm a bit thunderstruck. perhaps we'll get that gap-filling pullback first--maybe tomorrow--but...

you mean without triggering buy stops on stocks? that's a really interesting theory...and could explain e.o.d activity over the past two sessions. wonder if it's true...

you're short?

a missile strike would stop it. "joke" was so feeble i deleted the post.

as long as i live, i'm afraid i will never grasp r10

Y'know, I wonder if there's any traction to be had in explaining to people why a tax on financial transactions is NOT analogous to a tax on, say, toothpaste. Rightly or wrongly, goods and services are taxes at the retail level. They are not taxed on the wholesale level, because acquire...

+1 yes.

Ok, I believe ES spiked to 97.50, so it wasn't quite 4 points of heat, but if the ES had spiked to 98, then IN THIS PARTICULAR CIRCUMSTANCE, I probably would have remained short--which, I think, illustrates the strength of my trade management approach FOR ME. First of all, I had a crappy-bad...

Robert, I thought you really nailed it a couple of months ago in an impassioned post about this "mean" tax--how it would destroy jobs, etc. It was a beaut. And it really reflected, I thought, the zeitgeist. These are weird times in which someone like Newt Gingrich thinks he can make...

I did not mean to say that it couldn't be done successfully. In fact, I believe I said my stops--mental stops based on the market condition--tend to be quite tight, especially in proportion to the potential reward. But for some people--myself included--tight mechanical stops are death. They...

I used to trade "tight." My two point stops used to clobber me. Not any more. Not since I started parking my stops 10 points away from my entries. Not that I ever, EVER let them go that far. Now I know within a point or two whether I'm wrong, and then I'm out. (Every once is a while, it's...

If my understanding is correct, it will do more than destroy any financial district in France; it will actually destroy any France-headquartered financial firm. I believe it would impose the tax on any transaction executed anywhere in the world by any firm headquartered in France.