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I'm buying the pullback at the fib retracements. I believe that 1304 SPX was the low for this move, as the financials are now trading with a "bid" in them. Where's your stop?

NOTE: The financials are FINALLY offering some "support" to the market. If we are ever gonna rally, we will need these stocks to "bounce" and stabilize at the very least. We seem to be getting that today. At some point, we should do a "count" on the XLF or some financial index cause it...

Spec open interest in Crude Oil is now up to 71% of total open interest right now. Compare this to only 30% back in 2000. Not too surprising, given the fact that we now have upwards of $185 BILLION in managed futures accounts! :eek:

Symmetry alert! Check this out . . . A 61.8% retracement of the move down off last Monday's high at 1366.59 to today's low at 1304.42 will get us back to 1342.84 Does that number ring a bell? It was pretty darn close to last Thursday's close of 1342.70 :) ( that Thursday saw an...

The 1304 SPX level was roughly 67 handles off of the last high. This equals the first move down off the 1440 high down to 1373. 67=67

Exactly. And given Mr. Dodge's fancy with one year charts, he obviously doesn't have much market "history" under his belt. The same can be said of his rather "limited" interpretation of the VIX.

This whole group has been acting pretty well since last Thursday ahead of the Senate's $162 Billion "Supplemental" vote this week. Already passed the House last week.

Nice job my friend! :cool:

As opposed to you, I'm actually an MF Global customer. Thus, I actually know a little bit more about the company than a moron like you. But thanks for showing everyone here how much of a FOOL you are. :D

Read an article in the newspaper yesterday ( June 24th ) about how all of the major broadband companies like Comcast, AT&T, Time Warner, etc are metering their networks for the rest of the year and will undoubtedly will be coming up with some sort of "tiered-pricing" plan to reign in the...

TD Ameritrade hasa similar offer. Trade FREE for 30 days and get $100.

I'd like to wait for some better technicals before getting aggressive on the long side. But I do agree that there is some "value" in this group.

One of these days, you will realize that it is not a STOCK MARKET, but rather a MARKET of stocks ( oils, drillers, nat-gas, basic material, fertilizer, rails, etc. all of which are in a BULL market ) and that the financial markets do not have the kind of strong correlation that you imply exists...

Exactly. Moreover, I suspect that our dear friend "Pooh Pooh" was unable to come up with the new electronic platform fees that MF Global instituted. At Refco, they didn't charge that much for their futures trading platform ( you could pay a flat monthly rate or be charged per round turn )...

Looking pretty ugly here, early on. :(

Wow. Getting real close to a Major Top, eh? I can't wait brother! :eek:

You could really use much better grammar. May I suggest an English As a Second Language (ESL) course?

Looked at the credit spreads lately? How would banks be able to re-liquefy given a flat yield curve that you imply? Ever seen the FED raise rates during an Election year? How's the housing market these days? Put down the crack pipe Son. Just put it down and walk away . . . :D

I have no interest in trying to sway your thoughts because I learned an awful long time ago that the stock market is a MARKET of STOCKS and not the other way around, as you imply. Moreover, I also learned a long time ago that more often than not . . . the stock market trades as an entity all...

You are an idiot. I put a trade on risking roughly 7 handles in the S&P in order to make nearly 100 based on some technicals that I follow and said that I was currently buying defense stocks such as BA, LMT, LLL, and GD. I posted targets for the SPX. I posted levels needed to confirm...