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Hubert senters recommends index arb

In volatile times I use a 3 to 5 point stop. That kept two trades that would have been losers from being so and became winners instead. In wild times, I reduce position size and increase stops.

In wild choppy times it can be better to take profit and re enter. If you're expecting a bit more out, why not go old school, and throw you up a good old fashioned SAR. Keep it till it switches.

Where'd you find the free ones?

Hey I love this guy, last one I'll post today seriously. I've never noticed this thread before. http://www.slopeofhope.com

Great for beginners. Free trading room and notes about the ES. http://www.sandp500analyst.com

Soon there will be a paid advisory and training products at freetradingvideos.com, and I highly recommend them. For now there is loads of free stuff. Chart school, morning, afternoon, and evening videos, etc.. http://www.freetradingvideos.com

Could be looking bullish on the weekly, bullish divergence on the MACD. http://www.freetradingvideos.com/vlog/default.asp?category=1

And if the SandP goes to 500, what will happen to those tickers?

I don't remember making a short call? When did I do that? I said it was on a watchlist for a possible short, that doesn't mean short. You have to wait for confirmation, and you have to be ready to change hats on the turn of a dime.

Great question apple. Personally, I never try to figure these things out, just take note of the fact. If you don't normally read annual reports, I tell you, they can be very fun and enlightening to read. Give one a try, you'll be glad you did. Just go to google finance, put in the MS ticker...

Most banks seem to be hitting resistance, and showing signs of weakening. Monday I'm looking for shorting opps.

AAPL does continue to show more strength that its peers. I'm looking for shorts when the ES hits 770, if internals are bearish, but AAPL is one I'll be passing on.

Anyone shorting Rimm tomorrow?

So goes the markets so goes AAPL tomorrow IMO. The TRIN got quite bearish yesterday, and market profile shows a few points in favor of the bears. The SandP hit hard on the 732 negative 23 retracment, and so far futures aren't looking to hot. If markets open bearish then I'll look for shorting...

Awesome bounce! Backed by market internals as well, I imagine they'll be some follow through. I'm closely watching 740 on the ES. If market internals turn bearish near there, I'll be looking for shorts.

Charts are very valuable, but take alot of training and experience to read properly, however, are of course not a holy grail in trading. Charts hadn't signaled anything, only that we were nearing support, and might be setting up in the near future for either a bounce or a shorting oppurtunity.

RIMM and GOOG are in about the same boat.

AAPL has broken it's trendlines and is below all the falling moving averages. If the support areas are broken, I imagine we could be in for a big drop. Here's a video from a trader I watch: http://www.freetradingvideos.com/vlog/default.asp?category=1

I like this video, at last chance support: http://www.freetradingvideos.com/vlog/default.asp?category=1