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Worked according to my plan with todays trading as the scale out zone cleared through.....holding last 1/2 of my long term ES short position looking for any additional selling action we may encounter next week that will create a new lower trading range.

All my QM positions from yesterday have been covered with profits.....only holding $145.50 and $145.75 entries at this time looking for a break below $140 in the next few trading days.

With this drop in oil after the ECB "statement" release, I am still holding my $145.50 and $145.75 entries in the QM and all other positions I started with yesterday are now all covered with profits.....I will see if oil can get below $140 in the next few trading days.

Correct.....the accordion has been making a killing in oil with multiday intra-day $5 to $6 dollar swings which mass rapid and repititious daily profits.

Kia and Hyundai have BOTH come a very long way and will continue to gain market share with great price points and excellent warranties. Hyundai has the new Genesis Sedan (selling this summer) and Genesis Coupe (selling in January 09) that are both getting some EXCELLENT reviews....these...

Amen .... America has been sold to the LOWEST bidder!

TL Type S is fine if you want a technology packed ride....the problem I have though is the platform. A FWD platform with just shy of 300 hp does not work well imo for great driving dynamics (perfect car for the ladies though who dont care). A better choice in this segment imo would be the C350...

The U.S. government is financially dysfunctional on almost ALL levels. Carrying excessive debt (which is a sad cost to taxpayers) and running current deficit spending, while going into a contracting economy with decreasing tax revenues, can't be fixed by fuzzy math and wishful thinking...and...

I have been scaling into oil short play too with the ECB announcement coming this morning....looking for a "rate announcement" run up move to get a short term volume/price spike. I am targeting $147's as a possible high in the next trade day or two after the announcement if the Euro can get to...

GM trading in single digits and I see no way for them but to file...US automakers just getting crushed lately with no light at the end of the tunnel. The big 3 are financially broken, and their only way out is to restructure going forward.....how sad. Lutz will have to send bush a thank you...

Maybe they will just buy someone out like optionsxpress (OpenECry) did for their futures side. :D

Sold additional QM tonight at 145.50 and 145.75 while up watching the EU session and trading the DAX a bit....standing by for all the ECB decision fun. :) So far U.S. futures are pretty flat as everyone waits for news/numbers this morning.

Hello sir.....so how is the summer by the beach? May just be the time right after the holidays this winter to come discount condo shopping in the Boca area....what say you? :)

The forever printing press Fiat Fed, and horrible U.S. deficit spending are killing the dollar....everyone around the world sees our house of cards. http://www.dollarcollapse.com/faq/

The oil slow drift down today reversed as the Euro got legs again and pushed the 1.5800's....I am sure recently entered short CL positions were faint hearted as the close drew near (knowing the possible affects of the ECB decision in the AH on the dollar and oil).

I believe in fibs to a point but I NEVER use them....just have not found a need yet for them. I will say though....there is a good mexican food restaurant in Austin that has great Fibinacho's :D

Yes indeed....that shows the george "W" bush euro breakout pattern. He is doing everything he can to help smash the buck and help prop the euro for his global entity buddies world assets grab. :eek: :D

Well they should be down.....oil at new highs and the US market gets hammered with a 3rd deviation move down in the S&P just after a 3rd deviation move up yesterday (and of course the ES closing ever near yearly lows......just on the verge of a new lower trading range breakout to the downside).

What was your signal to enter.....a back-to-back 3rd deviation move in the ES (yesterday up and today down.....first time this has happened in a VERY LONG TIME!) :D

I agree...Auction Market Theory played out as weaker hands gave up the goods prior to the overnight session. I will be up to trade through the EU session tonight for all the various positions I have....should be some action tonight. :)