what a nice short

[#1]

Just stop fighting about nothing and trade the alsi.

[SimonPB]

yip .. 100 points in the bag already ..

[#3]

Thanks Simon at last something postive.

[#4]

you traded the alsi short this morning? Interesting setup you have there.

[#5]

Hi Simon. Gap this morning was only 100pts .....or am i mistaken. Shouldnt it be ignored then?

[Fredsed]

It has always been much easier to make money by getting people to pay for your superior knowledge or supposed secret method. However, it is nonsense to believe such fountains of knowledge have any success of any significance. If they were really as good at making money as they claim, why would they try so desperately for contributions??? They try every trick in the book and then some. They even send messages to themselves to create an image out of thin air.

[Preston]

Guys, you are leaving me out in the cold for shortening the market. Not fair.

[Stifler]

oh my word - can someone please ban this FREDSED guy, he never has anything usefull to say.

[#9]

Breaking 1337 (clearly)on the sp500 to the upside would negate my triangle count for a bigger wave 4.The remaning count then would be. (a)a expanded flat for the bigger wave 4.(prefered to (b). (b)That we already started wave 3 up in wave 5 up.

[SimonPB]

correct, but it wasn;t the gap .. it was an arb, futures had got ahead of equity and when equity opened futures needed to correct down ..

[#11]

Isnt that the case with gaps anyway....

[SimonPB]

gao is more relative to yesterday .. arb is when the futures gets ahead or behind the market .. this happens as futures opens 30 minutes earlier ..

[#13]

Thanks Simon

[prancing_horse]

Remember 'Empty barrels make the most noise".

[#15]

i see the gap of tuesday 12 th is not fully closed as yet.(29840+-)

[SimonPB]

so stop feeding him ..

[#17]

Is that ARB as in arbitrary, or is that some other useful acronym?

[richardw]

Arbitrage

[#19]

surely not, arbitrage is something specific. CAn't see how you would arbitrage trade a futures market, unless you were capitalizing on the spread?

[SimonPB]

arbitrage is a price mis match .. so with Top40 at a level, the ALSI futures has a fair value it should be at .. often at the 9am open the ALSI level is wrong .. you arb it ..