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<i>"I am young and aggressive but I don't have much to play so the RUT seemed like a cool thing to mess with."</i> A young, aggressive trader playing with cool symbols they don't completely understand up, down and sideways are soon parted with what little they have to "mess with".

<i>"I wouldn't call 40 handles off the 1455 low a "limp", but I know exactly what you're saying Austin, most of the squeezes when the market is under duress are downright wacky... in the time it takes for you to move your mouse over a price in the dome it's already shot up 5 handles higher. This...

<i>"Registered: Apr 2006 Posts: 1172 07-27-07 05:10 PM (edited for brevity)... ... That day is coming for sure. The following session is what we need heed. If the pending short squeeze gets totally erased next session or two that follow, indexes will cave in much deeper than here. If...

<i>"Here's another, "You can't polish a turd"</i> Sure ya can, <b>risk</b>... how many threads right inside here are polished to a lustrous brown hue right now? Just don't use that artwork as a paperweight :eek:

<i>"I certainly don't wish hardship on others so I can profit but I'd like to see a few of those T-storm forecasts for the Eastern Corn belt not come true...."</i> May & June we couldn't buy a raindrop, corn was curled up like sorghum. July rolled in, it rains every other day. Corn looks...

<i>"$60 for the 30-day ATM straddle after a rally of 125 handles? More like $20 on that call. The Sep call overwrite is an ok trade here. Calculate strike risk at any future date and hedge with ES. I'd assume a very remote possibility of NHs within 30 days, or 60 for that matter. $14 in...

The SPX 1575 call (SXM) is trading near $600 per on Friday's close. If the S&P hits 1572 by mid-August, that contract should be good for $3,000 or so. Cheap to play, dear to win. Dare to play? That's about my fill of troll milk here for the weekend. Enjoy :cool:

Gnome, the S&P halted (to the exact tick) on 62% retrace from March 07 lows thru July highs. Add in MA values, trend lines and prior congestion to this level as well. I myself expect a bounce, and will be playing it that way if/when buy signals confirm. A bounce to 1572 with such surety...

Mikey, I truly wish I were as market savvy and astute as you. That sure would be nice. To know definitively where markets are going and what they'll do next must be an incredible gift. It sure is something to see the confidence in your many markets predictions here. Just curious... did you by...

<i>"Austin Isn't that a bit early yet? july - October 2002 was the 2nd down leg of a full blown bear market. I would be looking at the start of bear markets and as stated the massive short squeeze rallies on any ounce of hope and bullish news (if indeed this is the start), who knows maybe we...

<i>"I'm very confident that I will be back to my original gains before the summer is over."</i> If you're good at working the short side, perhaps it will.

<i>"Outside of Subprime exposure, we are seeing just the opposite."</i> Nothing is outside of subprime exposure. That's the problem for bulls. A domestic credit crunch sparked by that becomes a global credit crunch going forward. Many companies performed brilliantly thru a time of cheap...

Steve, I was one of the traders who missed all of that crush. Came into the cash session with +12pts. Some shorts, some longs thru the day worked more than not. Missed several big swings while at lunch, had three trades go more than +4pts in favor come back out at par. By 2pm I was up...

<i>"Oscillators have tons of predictive value and are best used to show buy areas within uptrends and sell areas within downtrends. Used correctly they can help predict expected direction after a trade is made. Also, when oscillators diverge with price, there is a great predictive ability as...

<i>"My opinion is that there is no such thing as "investing" nowadays. There is only trading."</i> In which case, you have no fear. Traders revel in volatility, collapsing markets and chaos. Actually, that goes without saying :cool:

time charts cannot keep pace... this is like playing emini nintendo Incomprehensible, unfathomable price action

<i>"Tick charts are worth looking into--I have thought about them before (thanks for the suggestion)."</i> Latest trade charted below... inside three minute's time total. One 3min chart bar forming could take more time than that +4pt trade execution. See the difference in hyper markets?

<i>"He's right...small stops will chop you in and out of this market...bigger stops and bigger targets to trade this..."</i> Faster charts, same or smaller stops, greater precision. Lots of small losses or par, modest to big profits when they run. 3min is an eternity right now. 100 - 250...

<i>"In my opinion, large volatility will demand a change in position sizing and/or an increase in stop. The market dynamics have changed and will demand you change you money management otherwise you will get killed. One point stops are useless in this market when one minute bars show 2 point...

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