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Many believe that even if Russel 2000 loses 50% of its value , it is still super overvalued. The fact that it has not happened yet does not remove the reality. You are right about the range. I always had a problem finding a mutual fund that had 10% gain in the last 10 years. That shows that you...

Actually I have been trading TZA from when it was 16 before 1:4 split so it means TZA at $64 !!!. I had a plan to try the theory of shorting TZA and TNZ with same dollar rate and then adjust the position if one leg goes up. I could do one million dollar of each leg with a little money since one...

yes short MCD, ADI and long GLD and TZA.

You can always downgrade it to the older version I believe.

All of us have a feeling and that is respected but why you went long ES? You were just trading DOW mini future and after some successful trades you were stopped out (that is my understanding). Now switching to ES will not change the equations. Both are related. I think that tomorrow we might...

I agree. I just wanted to give a small punch to someone who feels is always right and cannot tolerate any one else comments. My 200 point drop should be supported with a 200 page document but his 17865 support which is doomed to be broken is a golden wise rule.

There is a delay for the time bulls accept that bull market is over and also there is a same delay when bears accept that down trend is over. I am afraid that to say that your prediction is delayed. There will be too hard to make money as long term bull in the near future unless you are planning...

You are welcome. Yes we are smart. I did not want to be pain in the ass but you asked for it as you mentioned only senior guys should comment on this thread. Just check your day of joining with mine.;) You called my 200 point drop as stupid and put 17865 stop loss as wise. Well you were stopped...

While I agree with you, I know the answer why they are delaying the deal. If they agree on the first or the second day, many people in Greece will think that their leaders were traitors and Germans will think their leader were so easy to give away their tax money to Greece. So they delay it till...

I believe FIT will go to $50 but I don't trade that. I don't trade everything that I see or have an opinion.

This is DOW 30 min chart. Do you see any rally? I don't. It is from March 16 and not today.

I don't trade DOW future but I have many things under my radar. Markets and indices are related. You know better than me.

Check out DOW 5 min chart

Another 200 points down today? Market is dropping.

I noticed something interesting that I wanted to share. I just compared GILD and INTC. GILD market cap is about $28B more than INTC (179B vs 151B). INTC has about 107000 employees while GILD has only 7000. P/Es are almost identical.

To be honest I don't enjoy and feel comfortable in extremely upscale restaurants. In San Diego (where I live) I would be happy with a $35 restaurant. Wine would add another $12.

There are some exceptions that cost you $400 or over for one person dine in (they are called rip off places) but in general yes it wont cost you more than $68 for one person meal in a luxury restaurant.

No Do you? It seems that you know their restaurants prices Correction. Now I got it. Since you have never traded options, you think a 4 cent option is really 4 cents. It is 4 cents x100 =4 and 17 times $4 becomes $68. So tell us what is in a 68 cent dish in Cambodia?

Never. I will let them get assigned and then sell covered PUT on them. I have used this strategy zillion times. But thanks that you pay attention and read my posts and question me on my trades. As everyone else who posts in elitetrader, I am just expressing my opinion and also trade on what I...

Time : 2:34 PM ET Tuesday MCD: 97.26 up 0.4 I believe MCD is a good short term short now since it has been up for 4 days. Cover price of at least 96 this week. If market retreats in the next couple of days, MCD should also fall.