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:D :)

Stop could hold... but, sorry, this ain't good trading.

Hmm, Stop?

Giving hard earned $ to the poor in these times? It's getting more bizarre every day. This won't happen, and if it does, then the US is screwed anyway, because it has lost what has made it big.

I still say we go to the 50s until early spring. Look at Euro, Gold, seasonals and price action. But don't take it too seriously, this is just to test my long term prediction skills. I don't walk the talk here. Just scalping and short term trading for me.

Yeah, but even with a low futures tax ES volume would drop significantly as the hedgers of stock baskets/pair traders wouldn't do any stock trades/pair trades and so no futures trades (think of SPY, too). Everybody will be hurt with wide spreads even in now liquid futures markets like ES. This...

Seriously, to me mid to short term price action in CL, 6E, GC and so on doesn't look good for longer term longs. I may be wrong, and as I said I don't trade longterm, but this is what I see. Can't help it.

For sure. But remember, even the ones trading "USO" are buyers here. This thing has to go up! :D http://www.elitetrader.com/vb/showthread.php?s=&postid=2668656#post2668656

Everybody buying? Then it can't go down, can it? :p

As I said earlier, since the elections, when the Free Democrats replaced the socialists and formed a coalition with Merkel's CDU, this tax is off the table in Germany. No way the Free Democrats will let it happen.

I say Strauss-Kahn's opinion from November is the real deal. You see that he clearly has a clue what a tt really means. Everything else is just noise. The mob needs to be fed and told what it wants to hear.

There's nothing "special" about it. I just stated it. You are free to have your own opinion.

There seems to be much Algo trading going on in CL these days. You saw this on Black Friday after the equity markets were closed. It behaved like in mid 08.

It was the exact opposite earlier this year. It changes over time. This is why you have to constantly adapt to stay profitable.

You know what you're doing. Keep rolling! :cool:

That's brave! I don't invest longterm, but if the carry trade bubble bursts, it will be fast and hard. So watch out!

I agree with going long for the short term. But be careful, this could be USD carry trade unwinding in action!

:confused:

Brent makes new lows...

Yep, missed it, too, but now I won't go long. Just scalping.