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Short-lived.

No question, that is possible. All and any support levels have been taken-out with such ease recently, it's nothing short of phenomenal....in terms of the the psyche of the market. 1430 is supposedly an S&P support level....watch how easy it gets taken-out next week. We should get to 12500-700...

My call: Last 2 days, we just had the "b" wave of major wave "1" down. The "c' started today. Next week will complete "c" of "1". End of the first wave. Note: "c" waves are always violent. Dow 12500-700 likely. SPX continues to take out support levels like it wasn't even there. It's chilly out...

Cramer's show has been renamed: "Sad Money" All of his followers are in tears.

Dollar crash = huge inflation huge inflation = higher salaries higher salaries = higher operating costs higher operating costs = lower profits lower profits = corps must raise prices ...and then we're "off to the inflation races"... Now if the higher salaries don't happen, then we slip...

The KEYWORD above is "people". IBM now has outsourced about 85,000 tech positions to India. I've worked with these people. They follow directions well, but 99% don't have a clue when it comes to creative problem solving with software. If you are going to beat the market, it will take a lot of...

EXACTLY. So much for this total "quant" approach. IBM, after 5 years and 5 million dollars of research, was able to beat the best human in chess with their software...but when they went to apply it to trading, it FAILED MISERABLY. That was YEARS ago. No progress since ? OH SO TELLING.

Weak short covering. Look-out below.

What about renovating and then RENTING out ? The rental market is going to strengthen with all of the homeless, foreclosed-upon people. I somewhat jokingly told my wife, it's going to get so bad in 2008, there will be people knocking on our door at night asking for a place to sleep. Roving bands...

Having you tried boosting the priority level of JAVAW.EXE to "Realtime" ?

Whew...one thing about you Surf...you sure have one great trader's attribute: PATIENCE. (and nerves of steel) But I have to tell you, the recent swings in your open position PnL is nothing short of phenomenal. No trailing stops ? I'm no one to criticize, but the double-bottom hold this...

You bet. See MBAGEARHEAD's P&L in the Journals thread "2007 P&L"....he went from consistently losing $500/day with ER2 to winning $2500/day with ES. ER2 is just so jumpy and choppy...gotta be the algo's trading it.

Careful. Did you ever consider this could be similar to the time period of March 2000 with the difference being housing vs. tech ? ADP jobs report today: weak, weak, weak. Big corp layoffs to begin in earnest. On the positive side, when you have trouble reselling, you can always rent to all of...

Your bet....Target: Dow zero-k. Sarbanes-Oxley will force all to go private anyway. Cramer in panic now....today was a "key". No Dow left. America in crisis. Buy index puts with strike of zero. Especially small cap RUT.

Cramer's changed the name of his show to : SAD MONEY. he's sad.

Cramer in panic tonite....and WOW, the overnite futures are super U G L Y .....YM 13k-even looks to be a stone's throw tomorrow. I'm not saying to cover, but watch the action around 13k-even.....and the action right below it (head-fake). If crude posts a miraculous move down, that could spark...

What about the 24th ?

SAH-WEET Surf...you must have taken a hint from that "20 reasons to stay short" post of mine. Yeah, crox, underarmour, apple....they're all the result of the recent bubble....but soon they'll look like Sun Microsystems stock of the past 7 years. Once the job numbers start to look bad (and...

NOW POSTPONED. Surf and lovely Annaland cannot make it....and the response has been terrible. Let's shoot for Aug 17th....OK ?

Omigosh Surf - HOLD THOSE YM SHORTS. See my post in Trading forum: "20 Reasons to stay short". Today and tomorrow will only be "shifting chairs on the deck of the Titanic". This so much "feels" like the October of 1998. Best Trading !