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Why can't we just take over Canada, good fishin and free oil!!

This price action is a good argument for hard stops.

like wave says alot of price movement is about screwing the weak hands while the big institutions position themselves, bottom not holding down we go.

Price action not very impressive here. Nothing wrong with taking a profit, just don't tell Buy1.

out 141.30

long spy 141.18 stop under 141.00 looks like a double bottom on spy, we'll see if it holds.

Ethics aside sales is sales, the real culprit is management. This guy is doing what he is told. Same types in upper managment who pushed through all the sub prime paper. Not to worry we'll just print more paper (money) so we can have cheaper tv sets.

Double top on the ten minute chart from yesterday. I will look to short around 162.40 strong resistance at 163.00.

agreed bullshit being called http://www.elitetrader.com/vb/showthread.php?s=&postid=1545084#post1545084

I don't usually use a hard stop either but I thinks its fair to say where it would be placed. The assumption being that an experienced trader (one who has had his ass handed to him) would get out at that point. Know that the ES gestapo will be all over your ass if your stop gets hit, as it...

out 141.27

long spy 141.12 will take some heat, stop .40 cents.

This is kinda true, I would rather be long puts than short calls any day of the week due to risk profile, ask Neiderhoffer.

This may be a good area to reload short, looking for short term resistance on the cash at 142.00. Good trading.

out 141.60

long spy 141.42, .20 stop 141.20.

Is that $100 monopoly money, I seem to recall someone else betting you and not getting paid.

Uh, I have to humbly disagree with this statement. This guy to me is in the same category as Warren Buffett. He's pretty young and makes few mistakes. Remember Mr. Buffett was willing to bail out LTCM on the cheap. I have no idea the interest in etrade?

http://www.youtube.com/watch?v=rinDxiZ2I18&feature=related