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S&P is down 1.3% for the day at the moment. Here is a good prediction -- the market will always do the opposite of what "elite" traders predict.

What is your question, young man?

Maybe you are missing what's analogous to a cosmological constant. In your case, it would be 1317 / 1250 = 1.0536

This is apparently the source: http://www.streetinsider.com/Corporate+News/JPMorgan+%28JPM%29+Posts+Perfect+Trading+Record+for+Second+Half+of+2010/6298884.html And here is the actual JPM document where they mention daily trading profits and the number of losing trading days by year (see...

Even that is too high for a $500 account. With 100 trades a year, you'd need to make 100% return just to pay for commissions.

S&P is at 1329. I am anxiously waiting for the next top call.

I don't see any resistance. New multi-year high today.

You've accumulated quite a track record, amigo.

He is trying to tell you that your model is controlling you, while it should be the other way around.

:)

:)

Is that an intra-day trade or are you leaving it open over the weekend?

What better way to draw attention to oneself than making 7 consecutive market calls and scoring 0:7 on them? My math tells me the probability of attaining such a record is 1 in 1.84*10^19. Quite remarkable.

Well, it's above 1300, a new multi-year high. Let's close this thread and proclaim a new "top" in another thread.

Well, let's see. Over the last few months, you made 7 top calls. You were plain wrong on the first five (in fact, one would have made a ton of money taking the opposite side of your "trades"). You are still in red on your 6th call. The fate of your 7th call will be decided in 10 days.

:D

:D

:D

:cool:

:)