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well, oil already rallied from basically 45 on the opec deal. So at 51.50, thats about 14 per cent. Altogether, if everybody complies thats a bout a2 percent drop in production. I think its rallied enough.

Nemesis. I hardly ever post on this site, but I am a well known trader who traded prop for many years, maybe the biggest es futures and options trader on the site not that long ago. As Maverick said, there are a ton of guys similarly experienced and successful outside looking in as algos have...

i have experience in this situation in all ways. I have been a profitable trader for many years. You can search my name here and some of my old performance records used to get posted by others, not by me. IRA's are tough to trade in that form, as you are prohibited from going short, or from...

when you are on your game, this gig is more arithmetic than calculus. when you start thinking its calculus, it becomes a lot harder to make money.

S&P futures are up 6 on my screen. I know thats right because every morning when I wake up they are up 6, so why should today be any different. Passover was the other night, so why should this night be any different than any other night?

nate, What are you talking about? That is 100%wrong. A deep in the money call will move basically with the stock. Now if you take a high flyer, buy the deep in the money, sell an out of the money, or even if you are more adventurous a 1 by 2, then by a put underneath and a call above that...

Bernake already printing pictures of oil to cure the problem.

it amazes me how many on this site have no sense of humor. yeah, its an old joke, but we all make this joke and it still gets a chuckle, but i love the guys that come in and start screaming what an idiot you are for not knowing its a holiday schedule. Dude, he's joking, everybody knows that...

Elev, After getting smacked around a bit this week, it was fun to read that. That was hysterical. I've been short all week, maybe I need to see a shrink too, at least i will feel like i was long.

I think there is a large short, or short fund in trouble and being liquidated. Just from the trading action the last couple of days, you would see a couple of downticks on the es and then they would come in above the ask with a bid. Nobody would voluntarily trade like that, but a risk manager...

can somebody explain todays close to me? 3 day weekend, all kinds of uncertainity going on, monster run, futures had stalled and failed earlier in the day, and they make new highs in the last 20 minutes? Who would be buying with such impunity in this scenario?

NineEnder, I am sure you are having a great run during this run. Congratulations. You are still an arrogant pain in the ass though.

Failure at 1340 will set off a major sell signal which will snap the market back into reality and will shut up nine ender for a few days at least and that event, the quieting of nine ender will spark a major correction.

Serious question. I dont see anything that would spark the move, what did I miss, did we capture Bin Laden?

The way it is going the last two hours that will happen tonight, futures now at 1332.50

I have seen your post previously re the US relative underperformance during this run. However, I'm not sure how that refutes the allegation nor does it address the lack of profit taking on what has been a 100% move from the bottom in two years.

yes, that is the question that reverberates through my head as well. Only a machine or a buyer not using real money would continue to buy at the top and not want to book gains after a 100% move. i believe that the fed is buying via its agents to prop up the markets and constantly squeeze the...

Yeah, but he sure was fun to watch when he was a met. Wilpon had a tough choice, give his money to Lenny or Bernie to manage.

Is the Pope Jewish? of course. I usually don't share my trading secrets here, but this is a big one- the market always rally on days that end in the letter y and do not start with the letter s.