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this chart just blows me away I will leave it to you to connect the dots here.

thanks for posting this, this guy is scary smart. I would recommend getting his book. Very few people understand global macro issues the way he does.

spy daily

http://www.bloomberg.com/quote/GBTPGR10:IND I have noticed over the years the wave man is about a day or two early on his calls, a touch of 1220 would not shock me in the least. To me that is the 50 yard line for the bears. The bears need to get it under 1200. If they can move it to 1180 then...

welcome back wave!:)

worth checking out for ideas http://www.gummy-stuff.org/stock-charts.htm

its annoying as hell but what can you do, both sides overpaid.

122 is 1220 spx we know how important that number is will it get retested this week.

spy closed at 122.00 on the dot Nov 1, 1st day of the month, could this be the low for the month? point is pay attention to the first day of the month, can't research at the moment, curious if this would hold for some commodities. Good trading. :)

this whole thing is scary on about 8 different levels, you can't trust the clearing firms anymore its like the wild west, guys taking money out to cover their casino bets, unreal. CME is gonna get sued here as well. The issue is are they gonna recover anything.

http://www.google.com/hostednews/afp/article/ALeqM5ir1fBJDKZL94ai96tHp2BWDzNifQ?docId=CNG.03a26653cf85bc2322dba15269f84b1a.361

Your last post is very confusing. Anyhow you should understand that in simple terms that since 1987 there is more "demand" for puts vs calls and that is what creates the skew, all things being equal. (please don't flame me I am trying to keep this simple for the op). look up posts by dmo, he...

"Equity options traded in American markets did not show a volatility smile before the Crash of 1987 but began showing one afterwards." there are like a bazillion articles on this. http://en.wikipedia.org/wiki/Volatility_smile http://www.scribd.com/doc/71618145/Skews

Here is a dot on close chart, which is just that, a dot on the close of the bar, if you look at price action the last two days market dived on the open then traded back to the open. Obviously this rewards the dip buyers. There is a tradeable system here, fade the extremes with a tight stop. You...

to me all of Fisher's strategies are breakouts, you want to get stopped out for a small loss when you are wrong, the reversion lets say to the open is what kills this type of trade.

I am picturing Justins child in prison due to the rape charge such irony

not to change the subject but welcome to the new welfare state: http://www.thedailybeast.com/newsweek/2009/05/13/bringing-up-baby-in-the-big-house.html

as a side note I would add that the large directional moves like the move from early august. If you are doing a reversion trade leveraged well as they say when the tide goes out you see who is swimming naked!

you have the right idea, you have trend and reversion days, think of it from a market makers point of view, when the mkt takes off and goes directional as it did this morning where are they gonna cover, granted there are a lot of arbs/hft out there, the directional move creates the reversion to...

ok, will make sure I mention that in the future. Anyhow I am always watching the daily pivot, we have an inside day so far.