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Ha, Ha...

The S&P has remained above its 10-day moving average for a record number of days. I haven't backtested that, but maybe you should. I am not a short-term trader, and I don't claim to be a good trader at that. Let's see how it plays out. At some price level, buying interest evaporates. I...

Not talking my book, necessarily. Took big profits in OIH, BAC, VALE today on FEAR. Assimilating everything today, FEAR outweighed GREED for me. I may, as always, be a complete idiot. I am still very moderately net long in MS, C, GLD, SLV, offset by short NFLX and long UUP, all of which...

We have seen a near-term top in the U.S. equity markets. Something unforeseen is about to emerge to the forefront. INTC earnings will mark a multi-month top in the major U.S. averages. A scary and unexpected correction will commence next week. The current low volume atmosphere will explode...

Nice, Rearden. So far, your prediction of how this year would end is looking spot on. Good trade.

The thing that you have to remember with Madoff, however, is that while his annual returns may have passed the smell test, the complete lack of volatility in his returns was incredulous. There were many warning signs. Madoff's purported strategy was to trade a basket of S&P 100 stocks and...

What a terrific thread and an unbelievable service to any trader who has been fortunate enough to come across it. I sure hope that it stays up on ET. Read the whole thing this weekend. I wanted to offer some comments on an issue that was touched much earlier in the thread and then never...

Rearden, I wanted to slip something in if the mods allow it. I am aware of your previous history. May I suggest Google and the words baclofen and alcoholism? Might be of interest to you. I am taking it.

So I had some general comments about a political issue that is important to Rearden. Mistakenly I posted those here, which did not go over with the mods. Lesson learned. Find those comments <a...

Thanks for the input Rearden. I have read through quite a few of your threads. You sound like an interesting guy. Your stance on prohibition parallels my own. Since I don't want to get my blood pressure rising too much, I will try to keep my comments brief. Prohibition of what substances we...

Check out theICE.com. That is the futures exchange where they have the Russell 2000 contract. You should also probably be journaling every single one of your trades. Time, entry, exit, volume, S/R, thoughts, observations. You also could journal every day what other major asset classes...

yeah, let me know if you find it! Sounds great, I want in!:p

I have absolutely NO idea if this played into Rearden's thinking, but the Dollar rallied today along with oil, silver, gold, ags, and a little upside in SPY and QQQQ. Huge rally in bonds too. And POMO on Monday. Funny thing is, I remember a day just like this prior to the last violent...

I will take books for $150. Perhaps this is a more important question? Do the successful traders here think books are useless? Even if it comes down to building your own specific method that works for you, my experience is that books can help you generate ideas, etc. How do I get the...

Wall Street Journal BLACK MONDAY - DOW PLUNGES 15% Financial traders and big investors on Wall Street are already referring to today's death defying 15% plunge in the Dow Jones Industrial Average as Black Monday. A circuit breaker was triggered on the New York Stock Exchange within...

Greedy bulls are growing a pig snout:p More new highs today! Why question it - just buy, buy, buy...you'll be in the "House of Pleasure." Damn people questioning the Bernank.

Shortie called it in another thread. "Does anybody here still remember Hindenburg Omen? By my count we have at least until December 13 2010 to fulfill it. 122 days is the longest stretch between the omen and the subsequent bottom (except 2008 case when it took 246 days). This year we had...

Diversification is for rich folk, my Australian friend. I assume you have that problem if you are promoting such a "strategy." Here are some tickers for the rich folk reading this thread - MSFT, CSCO, HPQ, MCD, PEP, WMT, HD, XOM, CVX, DE, GLD (do yourself a favor), DD, PFE, JNJ. If you...

Bill, don't be a dick. Contribute instead of criticizing. The point of this thread is so that all of us ETers don't miss the forest because we are standing in the middle of the trees. Those that trade day in day out, and are sane (and freaked out) may be missing the giant, liquidity driven...

This could be the reincarnation of the glory days...Are you ready? Let me preface this thread with the acknowledgement that I am a fairly ardent bear...long term. I am in the economic super-collapse camp. But I don't know if it happens tomorrow or 10 years from now, or ever... What I do...