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It bounced off the weekly A down.

Ron, why would joining the guard be part of your "disaster plan"? You make far more as a nurse then being in the guard no? Not sure I follow.

Natty up another 2%, above the weekly A up now.

Not so sure about that. The dollar is going to be a very messy trade and in my opinion, that is not where the beta is. The beta is in short oil, short financials, short copper and perhaps short e-mini's.

I added to my ES short today (options) anticipating a test of unched on the year. Shan posted a nice chart a few days back of where I think we could test. If we do break tomorrow, I will add more to my ES short. Natty gas long still looks good. Crude oil looks like crap. Bonds are going...

http://freebeacon.com/the-soros-summit/

http://vixandmore.blogspot.com/2012/05/look-at-pullbacks-of-2009-2012-bull.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+VixAndMore+%28VIX+and+More%29 Interesting look at the corrections we have had since the 2009 lows.

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I'm not bashing him, I just don't think "most" traders are happy people. I live in Chicago, the traders capital of the world, so I run into a trader like one would run into an actor in LA. I also lived in NY for two years and knew plenty of traders there. It's very hard to find happy traders...

Yes I am Don, but hanging around traders is very depressing. Even when I lived in NY and hung out with 7 figure earners, they were notoriously negative. Everyone was trying to screw them, their firm, their government, their ex-wife, etc. Now all I hear is the Fed this the Fed that, HFT's...

Don, I'm sorry, I have to disagree with you there. I hang out with traders socially a lot and they are as a group by far the most cynical, end of world, doom and gloomers you will ever meet. Do you read this web site? LOL. Seriously, after having a few beers with some traders all I want to...

King...Avon? Avon? Avon? What happened? :mad:

Weekly A down in the ES 1323.

Euro at the weekly A down at 127.84.

They might be perfect intra-day but if your number line showed no movement during that 70 handle selloff in the spoos, you might want to look into that. What good is it if they "hit" intra-day if you are a swing trader or longer term trader who is missing 70 handle moves right? You follow...

Also, looking over my number lines, I see a lot of A downs on this last leg down. I don't know why you are saying all the moves are happening over night. I think we only had two days this month with any kind of meaningful move over night.

Also, something Shan has turned me onto is not just the absolute number on the 5 day but also the net change. When you see large moves up or down 5 to 10 pts they show a strong shift in momentum. For example, DIA went from +9 to -4 from may 2nd to may 9th. A change of 13 pts in one week...

Number lines are all about relative value. As Shan said, you have to look at everything. I use a 30 day rolling for trend, 5 day rolling for momentum and a static monthly. All used for relative value purposes. FWIW, my 5 day number lines were negative going into this last leg down.

Ever think about going to a trade school instead of a state university? At some point the market has to correct itself. We can't have kids going to state to get drunk at football games paying 50k a year and expecting to get something in return. The market should be weeding this out but we...

Did Joe Terranova just say turn around Tuesday? :)