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  1. S

    ET Mentwhores

    Don't go too fast. I'm taking notes.
  2. S

    Abby J Cohen thinks overall market is undervalued

    I'm going to train a parrot to constantly say "Buy!" and then sell it to Goldman.
  3. S

    American Greed: Samuel Israel III

    I don't understand why he didn't just leverage up to the hilt if he was so far in the hole. If you've broken all the rules anyway, why not leverage up with futures and/or options and hope things go your way. Maybe you can't do this with hundreds of millions without people being alerted I guess.
  4. S

    The Dollar.........

    no mention of the carry trade?
  5. S

    I just made a HUGE noobie mistake.

    You've got 2 days to bring about the break up of the European Union. Better get to work. (Just a little humor. Hope this works out for you.)
  6. S

    need inspiration from journals

    apex82 in the ES Journal might be what you're looking for. Although he has long since stopped posting.
  7. S

    Pictures of your trading stations

    lovely room Roman Candle
  8. S

    ES broker question; should I be concerned???

    When I recently opened a futures account, another account was mistakenly joined to mine, and I could see trades being placed in his account. I called my broker and they found the problem, but I did have to wait through a weekend for the correct, revised account to go through the clearing firm...
  9. S

    Who remembers Jan 1995?

    Mexico financial crisis. $50 billion flowed into Mexico. U.S. banks were no longer in danger of collapsing as a result.
  10. S

    Tax on Trades Should Be Part of Rescue Plan, Some Democrats Say

    How dare they ask the financial industry to pay for a portion of the bailout of the financial industry. A bailout caused by the recklessness of the financial industry. I'm outraged. The burden of this bailout should not fall on any portion of the financial industry but rather fall entirely on...
  11. S

    A system suits all stocks, except ETFs/QQQ/Etc.? Do you know Why?

    The number of traders trading an index is fairly constant in the short term. The number of traders trading an individual stock can fluctuate drastically.
  12. S

    Japan steel firms agree to doubling of iron-ore price

    Anyone know if there is a futures market in iron/iron ore? Are there speculators in the iron market?
  13. S

    Keep this thread emotion free?

    1) It's not really about oil but commodities in general. Compare a chart of oil to the continuous CRB index (energy accounts for 18% of the index). They're practically identical. Crude www.tfc-charts.w2d.com/chart/BC/W CRB index www.tfc-charts.w2d.com/chart/CI/W 2) Low real interest...
  14. S

    70% of WTI outstanding = Speculator Positions

    Yes, that data includes both futures and options contracts. It can be found at the cftc.gov site.
  15. S

    70% of WTI outstanding = Speculator Positions

    According to the CFTC data, speculators are long 290383 contracts and short 276448 contracts. So of the 566831 contracts held by speculators, 13935 are net long.
  16. S

    Styron's Countertrend S&P Journal

    Still short. Current market conditions are like they were in late December '07 right before the market plunged. There's widespread acceptance of the bullish narrative. This is set to unravel. We'll see lower than 1310 on the S&P within 4-6 weeks. I'll be long or short during this time...
  17. S

    This is the last move for Crude --shaping up just like the wheat trade!

    CoT data came out today that updates us up to Tuesday 5/6 when oil was at $120. Amazingly, speculators as a group actually increased their short positions. This is unexpected in an uptrend. Typically at market tops, speculators are heavily long. I'm not predicting any type of price movement...
  18. S

    todays market

    This is like watching paint dry. Somebody fat finger an order so I can get out of this coma.
  19. S

    This is the last move for Crude --shaping up just like the wheat trade!

    You're right to a point. Speculators are net long as they have been all year. So there is something of a premium in the price due to them. The chart ends at 4/29 when crude was at $115. It shows that during the move up from $100 to $115 speculators actually decreased their long positions...
  20. S

    This is the last move for Crude --shaping up just like the wheat trade!

    The CoT data don't show speculators pushing up the price of oil. www.softwarenorth.net/cot/current/charts/CL.png The previous run-ups in crude at the first of this year and at the middle of March both showed speculators getting heavily long. Not this time though.
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