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Trust me, I agree with you. I was trading TDY options (Teledyne) in between classes roughly 25 years ago . . . But in this case, S2007S has shown a total lack of risk management, let alone the amazing ability to "fight a trend" for weeks ( and months ) without ever taking a loss. Just take...

Or just maybe it was the "second" car that is either used by the wife or by the husband as a "commuter" vehicle and the plates were transferred over from earlier times . . . Seriously, some of you college kids here on ET really need to OPEN your eyes a bit! :)

Looks like it is a TREND DAY into tomorrow's expiration. Wouldn't be surprised to see a move back down to the 40 day MA in the SPX after expiration. That would be re-testing the lows at 1383-1384 SPX.

He has no idea what he is talking about. Hell, he doesn't do anything else but "paper" trade in between his college classes at UCF.

Mup, how about a count on the OIH drilling index since February? Kind of "feels" like a "B" of Wave 4 here. Thanks!

Market acts well today. That having been said, I could see a move back down to the 1377-1382 area ( perhaps after expiration ) that will then lead to one more push back up to newer highs.

It has nothing to do with raising margin limits. It is about creating uniformity of position limits across ALL exchanges, including those that are electronic like ICE http://levin.senate.gov/newsroom/release.cfm?id=283461 Introduced last Fall. Nothing new.

Yes, the Senate is voting against the "Enron" loophole, that permits players from maxing out their positions under the CFTC on the NYMEX, and then heading over to the ICE to buy even more contracts. The ICE has no position limits. The Congress wants the CFTC to limit the players max...

Yeah, you've been sitting "tight" on a bunch of "paper" trades that have been underwater for weeks, if not months . . . Please spare us on how you continue to average down on one "loser" after another ( fighting the TREND ) with absolutely ZERO stops and no risk management parameters...

Yawn.

Just trailed off and broke the R2 pivot around 1412 SPX. Now trading through the 50% retrace of the entire day's range. 61.8% comes in around 1408.50 if you use the 1401.18 SPX low in yesterday's last half hour.

Yeah, sales outside of North America were "only" +46% during the quarter with a positive currency translation effect of 14% :D

This recent push up in the SPX over the past 3 days is of no real surprise to those that trade "technically". The move down from the May 2nd highs simply corrected a 38.2% fib and bounced off of the 21-day MA. This minor "pullback" also corresponded to a 23.6% fib level on the entire move...

Another "rookie" mistake. You should write a book on how NOT to TRADE.

Very well said. But for some reason, people like S2007S seem to think that there is a direct correlation between what is going on in the Economy, and stock prices.

Wow, wouldn't THAT BE SOMETHING!!! Cool! :cool:

What does it matter? Traders TRADE price, and at the end of the day the NDX has been rallying . . . QQQQ +20% since March lows, but you haven't made a dime in the market cause you can't pull the "trigger" . . . I bet you also suffer from Erectile Dysfunction too, eh? Try taking the "Little...

You make a very "rookie" mistake thinking that the financial markets are 100% directly correlated with the Economy. Most traders are aware of this, but for some reason you are not. Big mistake.

You must not be much of a TRADER either since you have sat on the sidelines whining and crying about how BEARISH everything is . . . and just watched the QQQQ rally 20% since the March lows! :eek:

Where is S2007S when you need a good laugh? He is the original DUGMEISTER! :D