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  1. M

    Head & Shoulder Pattern in ES

    If you look very closely at your chart you will notice that the bottom right half of the "head" and the still developing "right shoulder" actually form a sort of mini, inverted head and shoulder pattern. With that said, H&S, inverted or not, is entirely dependent on volume. If the volume...
  2. M

    Stocks are Going to EXPLODE Higher

    Sentiment is wildly bullish and it is global. Even Greenspan acknowledged this fact in his recent speech at Jackson Hole. Sentiment should not be gauged by put call ratios, newletter sentiment, polls of money managers, etc.; sentiment should be gauged by risk premiums and they are...
  3. M

    Stocks are Going to EXPLODE Higher

    Corporate and soverign spreads versus treasuries and their derivatitive - equity market implied volatility. The perfect storm has arrived. Are you ready?
  4. M

    Stocks are Going to EXPLODE Higher

    What sentiment gauges are you looking at? The ones I follow-- which are tied to what participants are doing with their dollars, not what they're saying-- are still wildly bullish. So far the market has completely ignored the storm clouds gathering on the horizon.
  5. M

    Stocks are Going to EXPLODE Higher

    Don't forget the parade of earnings warnings coming in mid-to-late September when businesses get a better feel for impact of the oil shock. With that said, for many of the company's tied to discretionary spending, it may very well be a cover the news event as the stocks are already getting...
  6. M

    What exactly stockbrokers do?

    New brokers without significant assets to draw from friends and family are effectively glorified telemarketers. When I was a broker (late 1990s, early 2000), they had us spending six to eight hours per day cold calling-- quite often right out of the yellow pages if a better list could not...
  7. M

    Oil Prices

    Energy prices will continue to rise until the American consumer is completely gassed (pun intended). With that said, we're in Iraq for a reason friends and it has absolutely nothing to do with terrorism, WMD, evil dictators and spreading democracy. The Dragon is no longer asleep and by...
  8. M

    Another Long Term Capital????????

    Actually, "confirmations" are usually a back office issue. Trader A at Firm X sells to Trader B at Firm Y. If not confirmed electronically, the back office of each firm communicates with one another to verify that each firm recognizes the trades and accounts for them. Where the system...
  9. M

    IB Ticker Symbol

    What symbol does IB use for the Dow Jones Transportation Index? Thanks.
  10. M

    CNBC - Cramer's Mad Money

    Cramer is touting South American banks and expensive technology toys in the face of $3.00 gas prices. Who's bags is Cramer carrying and why?
  11. M

    Is Vol. Really Important ?

    There are three measurable components to every market: 1.) Time 2.) Price 3.) Volume Ignore anyone of the three at your own peril.
  12. M

    Buffet says Crude has peaked

    ROTFLMAO.. a.) "There is talk". b.) "[selling] pressure in the coming days and weeks". Yes, we all know Buffett's time horizon is a few days and weeks. Not years, if a generation. Sounds like it is time to get REAL long energy futures into weakness. Most likely we are on the...
  13. M

    Is Vol. Really Important ?

    Yes. Low volume moves will retrace more often than not.
  14. M

    Have the skills, but lost and all alone.

    Here is step one. Stay away from pink sheet and OTC-BB listed companies. If you are like I once was, you are "attracted" to the low price. However, as you will soon learn, the low nominal price of a stock does not equate to a higher potential return; just the opposite actually.
  15. M

    Big SELLOFF Coming

    Good point, which makes GOOG's timing of announcing the secondary all that more savvy. Announce it this coming Monday, or later, and they hand investors a reason to sell for long term capital gains treatment; piling onto the selling the announcement naturally attracts. Announce it...
  16. M

    Big SELLOFF Coming

    I see the acquisition strategy as an admission by the company that they can no longer grow organically at present rates. All future growth above and beyond the current rate will need to be acquired, not generated internally.
  17. M

    ib server down as of 11:55 Aug 16

    I encourage all to participate in a run on the IB bank. Last one out, holds the bag... one, two, three... go!
  18. M

    Ib Tws Down

    I have figured it out. IB is in the process of stress testing their systems for the upcoming torrent of selling.
  19. M

    Ib Tws Down

    Is that what that is? I thought it was IB's, uh, rhymes with sock and walls ... getting ready to be jammed into the arse of their clients.
  20. M

    Ib Tws Down

    I propose the following for all IB banner advertisements.
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