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Non-Tech : Interactive Brokers / Timberhill -- Ignore unavailable to you. Want to Upgrade?

To: Michael Watkins who wrote (2470)	1/18/2002 12:52:01 PM
From: rocklobster	Read Replies (1) \| Respond to of 9012

Cheers, Michael.. and I hope you guys were able to make some money on that spike...I hope you had some sell stops and were able to capitalize on that move.. although personally I think it was just coincidence that it happened at the HOD...there was nothing logical or reasonable about what happened.. somewhere something went wrong.. Another point that was brought up was that the big boyz have arbitrage programs that monitor this stuff by the second and execute orders instantaneously..you know that they sold the hell out of that spike instantly knowing that the index wasn't moving, their computers follow all this...so it's likely some of the computer arbitrage programs were able to take advantage of the anomoly for a profit... and since, in my opinion, the entire market is rigged for and by the big boyz, it's no wonder they won't bust the trades on the nq's...it's the small fries who got burned. they protected the big boyz on the ndx contracts, and let the small fries die.. some system or course like everybody says, knowing that the system is rigged, we merely need to learn to take advantage of this.. Unfortunately the learning curve is invariably an expensive one.. glad you guys made out on that trade.. rok

To: Michael Watkins who wrote (2470)	1/18/2002 5:17:29 PM
From: Dan Duchardt	Read Replies (1) \| Respond to of 9012

Michael, The thing is that we were getting long at the same time you were getting short, expecting a ramp (not that big of course), knowing that all the stops overhead would cause an expanded range bar of covering (and no doubt the odd "its a breakout! buying). The expectation was 5-10 point scalp all going well. Might I ask what you were doing going into the first break of 1600 yesterday? I was positioned for a repeat (on a smaller scale of course) that did not materialize. Were you long? If so, did you stop out on the retreat, or where did you set your stops in that case? Dan