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This is important news here, you don't want the rich to boycott spending, although someone who makes 250k plus here is not really considered rich. Not seeing any mkt movement so far, watching eurjpy closely.

next up bush tax cuts, word is that they will be extended for 2 years, with unemployment benefits extended as well. http://www.csmonitor.com/USA/Politics/The-Vote/2010/1206/Why-Obama-might-compromise-on-Bush-tax-cuts-for-the-rich

big move up in CSCO today, I would say consolidation (ie not going down or up favors the bulls).

http://www.edwardothorp.com/sitebuildercontent/sitebuilderfiles/EdwardThorpOnGamblingAndTrading.pdf http://www.edwardothorp.com/sitebuildercontent/sitebuilderfiles/beatthemarket.pdf

es pivot

Taleb saying the bankers are gambling with your money, no sh*t, not gonna get a nobel for that!!:p

beautiful, Tiny Tim will be getting some xmas turkey for sure!!

http://www.bloomberg.com/news/2010-12-01/goldman-sachs-boosts-growth-forecasts-recommends-investors-buy-u-s-banks.html

God's work continues!!:p :p :p

spx pivot 1180 short bias here.

to no one in particular, see "approaching trading with an empty mind". I was trying not to laugh yesterday when all the fast money guys were calling for the end of the world, you are the guru. http://www.brettsteenbarger.com/articles.htm

this just in, Mandy Drury has nice child bearing hips!

hey emg told us we don't need stops!

flat 120.44 chop chop.

short spy 120.50 stop .20

I am sure this gap up trapped alot of shorts here, I like the idea where is your premise violated?

good post, the last sentence is key. Not too many gurus out there talking about time stops, if you're stop is .20 on one crude contract and you are long expecting a breakout, to me getting out with a .10 cent loss is a win. Hard to teach a new trader that as they can only think about the $$ in...

http://bigpicture.typepad.com/comments/2004/05/wyckoff_spring.html

it was way out of line this morning, someone made some money off of this, not a trade for the small players though.

stopped out