nice job as always matt and steve.  Love that GS chart w the 5 waves down. 

If you want protection, buy puts.  Long vxx is widow maker.

i didn't have the stones too.  :)

any chance that the system would buy the close today?

Will there be a sell signal generated today (for tuesday's open) and if so at what prices?  Thanks.  I'm in call options so I may bail before the theta burns this weekend.

But with the system, shouldn't we just ignore these gap downs and just trade the system?  I thought that was the whole point of a mechanical trading system, you follow the signals and therefore take the emotion out and ignore other technical factors such as gap downs. 

i pushed "all in" on some june SPY call options.  wish me luck. 

since we are hovering around the SPY buy price, can you provide an update going into the close?  Thanks.

Matt - if the system recommends a sell trade at today's close it would be nice to have that signal confirmed before the market closes.  Can tom or steve track it and post whether the system went on a sell before the market closes today?  Thanks.

BH took out its all time high today, which was Aug 1, 2005. Breakout of a long term consolidation pattern

yes like this one.  long already.  thanks for posting.

Enjoy the wealth redistribution - change you can believe in!  what is the point of trading (or doing anything for that matter), if you can could sit back and have the government forgive your debt?

you'd be surprised by what some of these teachers make.  many in my area have pensions into the hundreds of thousands per year.

nice trade, but buying anything before earnings right now is really going against the grain. 

i think there is still "easy money" to be made up to $40.  ive got my whole 401k in there right now and may scale some back above $40. 

Guys i pushed all in on the bounce on this one today using only a reasonable amount of leverage.  Wish me luck!!

i thought the primary trend is considered to be bullish until we take out the february lows on a closing basis?

does this not have to do with the fact that we have began a new month and the rate of change of april 10 versus april 09 is lower than the rate of change of march 10 verus march 09?

Thanks.

Measured move to $400-$425