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your point being?

The rally is supported by declining volume... no sure why nobody else has mentioned this.

May I borrow that crystal ball of your's? How can you be so sure that inflation will follow?

They started out as arbitrary tribes... has anything really changed? Africa was messed up before the Europeans ever stepped foot on that godforsaken continent and that's a fact.

...and no war to get us out of it.

Yes, most pros trade support and resistance lines. Losers come up with metrics to justify buying in an over-valued market.

As a setup for what? A one year bear market?

Rags? The dude has a 330,000 USD trading account! Now go and blow up your paper trading account, ok?

IB has: 1) SPX as an index (not tradable) 2) SPX futures 3) YM 4) ES

I see. Would this divergence be considered a market inefficiency? I'm surprised that the market wouldn't arbitrate it immediately!

Thank you very much! Btw, IB has contracts for ES, YM and SPX. I thought there were only 2 (YM and ES) futures contracts that track the SP500. What is the SPX?

rickf, I was talking about trades that you'd hold overnight for a few days to a week or so. My question was, how do you keep a contract from expiring. SPY doesn't expire.

Can the e-mini be used to swing trade the SP500? I would like to take advantage of the 60/40 tax rule. How do you make a futures contract (which of course expires) into something that behaves more like a fund (SPY)?

I keep hearing that the SPX is one of the hardest assets to time and that it is much easier to time individual stocks. Theoretically this makes little sense since the SPX is much more liquid and like currencies are hard to manipulate for extended periods of time (i.e. their long term trends are...

The OP is right. At one point (10-20 years in the future) the extra commissions with greatly compound against you (big time!) However, I would advise against trading individual stocks due to their gaps. They make using stops much trickier. Also, you need strong trends in order to swing...

You are 100% dead wrong! One of the reasons for the Iraq invasion was the it was going to diversify its reserves into EUR.

We got a stock_trad3r clone here! AHHH!!!!

The world is in denial. Remember last year when every other country was doing fine and nobody needed the US anymore? Ups! You weren't complaing when the US's consumption lead the 80s/90s global economic expansion. And no, if you want to really blame somebody, blame the Japanese monetary...

Please show me where the bear channel is breached to the upside. Don't be scared! YES YOU CAN! :D

I rest my case: http://www.gold-eagle.com/editorials_01/seymour062001.html You do realize that we are in the middle of a 25 year mega-bubble deflating. But, if you want to get caught up in the shit storm, be my guest.