The Big Boys have always been trading commodities though. They're not the ones we need to worry about. If anything's ruined the Financials it's the small spec. The Pro's respect support and resistance. The Small Spec doesn't even know what that is! Therefore you get the Doctor-wannabe-trader dabbling in the e-mini (between patients) smudging support and resistance levels (how'd you like to have this guy do your proctological exam after dumping $2k that morning!) making it tough for the rest of us.

Multiply this by a thousand and you've got a real mess on your hands!

The Big Boys don't care about us anyway. They have a different agenda, or at least their agenda is on an entirely different plane than ours. We're short term, most of them are long term. This is why it's futile to try and decipher a Commitment of Traders reports (COT).

About the only solution available for us it to be picky. We can't afford the big ranges or the volatility so we have to wait and/or look elsewhere (and there's always another opportunity elsewhere). In regards to the financials, you might consider a different mix. Rob turned me on to the European indices and I think they're great. Fewer false moves and you get a couple of extra bucks on the exchange as well. You might also consider the Bonds. Nobody messes with the Bond traders. At $31.25 a tick they can't afford to!

Erich