Thank you, Lessarda, I will.

"Monday, July 9, 2012

Due to a recent emergency involving Russell R. Wasendorf, Sr., a suicide attempt, some accounting irregularities are being investigated regarding company accounts.  PFGBEST is wholly owned by Mr. Wasendorf.  Therefore, the NFA and other officials have put all funds on hold, and PFGBEST is in liquidation-only status with our clearing FCM.  What this means is no customers are able to trade except to liquidate positions. Until further notice, PFGBEST is not authorized to release any funds.  We will update you as any new procedures are stipulated and with any further information as it becomes available."

I sure hope this isn't like MF Global all over again! Anybody have any ideas? Of course I could just do nothing, for now, but there's no indication how long our accounts will be like this.

.....Susan

I'ts polymer. Washable, so durable, very hard to rip, you can't wrinkle it. And best of all - I'm not kidding - go ahead and google this issue if you don't believe me - it smells like maple syrup!

Sigh....  I closed out my position at yesterday's close. Typical emotional trader - cut profits short. Well, at least it was a nice profit. :-)

Thought it might be interesting to look at a chart which showed the average market moves on days of the year, over several years.

So, not really expecting to find anything so specific, I googled around anyway (to fool myself into thinking I was being productive, but knowing I was procrastinating some other chores that need to be done. :-))

Then to my amazement, I found just such a chart! Here's the site
http://www.cxoadvisory.com/trading-calendar/

I seeeee. OK, thanks Tom.  :-)

.....Susan

Agree, Tom! A good lesson reminder for me.

.....Susan

Because - many of us subscribing to this official SPY system use the signals in various ways - not necessarily trading SPY.

Your most recent improvement which Matt explained in a previous post here - was to use the 200 ma as a filter for deciding whether there would be an entry.

Would it be a much extra trouble to let us know about signals from the previous (no longer official) method occur?

.....Susan

Thanks JRoger, great site!

Ohh, ok, thank you Rbreese.  I'm looking at a daily chart from last summer. So you say they started accumulating at the lows in August/11 (That was around spx 1120). And they continued to accumulate for another 4 weeks (That was while the market churned).

It didn't go much lower but it did churn. Then the market took off. Maybe it won't plummet much lower this time either. You say they've been accumulating this time for 2 weeks already.

.....Susan

Thanks Tom.
So "catching a bid" means the opposite of "hitting the bid". Funny how every activity has its own language. :-)

Zach06 - or anyone - what does that term mean? Does it mean that the trades are happening at the bid rather than at the ask? If so, wouldn't that be bearish for the Euro?

.....Susan

Rbreese, August 2011 had quite a range. Do you mean that the Commercials position now looks like early August 2011? or at the low??

.....Susan

Interesting. In effect you've created a sort of 3-year seasonality chart. Thanks Arkgirl.

This made me laugh. Rantings of a trader. :-)

http://www.priceactionroom.com/Ramblings_of_a_tired_old_ma.html

.....Susan

Hi CarrieG

Cam levels are just one more variation on how to calculate support and resistance levels, ie pivot points. This site explains it http://www.camarillaequation.com/ .

But the idea about pivot points is that the market will either stop there or go through. If the market goes through, it's less likely to stop going until it reaches the next one.

Trouble is, 1) pivot points aren't exact, they're really described as ranges, and 2) there are SO many of them. In my experience they're not particulary useful in and of themselves. However, if they help you to determine your stops and your profit points, then that discipline itself is useful, regardless of where the points actually are.

.....Susan

We know that the main criteria is either oversold conditions to buy, or overbought conditions to sell. So for our long entries, I guess the market can get oversold, then more oversold. etc.

Who knows. I wouldn't be surprised if there were over a dozen factors that the system looks at. Anyhow, it might not be wrong yet, just very early.

So many people are buying into that Sell-in-May thing. It's not written in stone. And anyhow, someone provided a link to an article by McLellan which pointed out that in election years, after a Democratic president, the market Zooms up in June. McLellan's a pretty smart guy. 

Here's the link again, (but I wasn't the first person to post it).