Alright, ladies and leeches – we have a lot of material to go through tonight, so let’s dig right in:
Before we cover what’s ahead of us, let’s take a stroll down memory lane: to when the SPX was still trading around 1,280 and the VIX was hovering slightly above 20 – aaah, the good ole’ days. The date is July 23rd 2008 – EvilSpeculator doesn’t exist yet but I was already churning out hard core EWT analysis like a mad monkey. The image above is one of the charts I posted on OptionAddict that day – which incidentally caused a bunch of people to complain and I was eventually told to take my sorry ass and my charts [...]
Sharpest bull rallies happen during bear markets – there, I had to spell it out for you leeches. Seriously, do they actually read their own headlines or has the U.S. educational system been eroded down to the point when even people in the industry have lost all sense of history?
If I was long right now, or would have somehow clung to my stocks during the October crash, this headline would be the straw that broke my camel’s back. Seriously, whoever sees this and does not take advantage of this lovely Christmas present they’ve just been handed needs to check themselves in for a frontal lobotomy (which incidentally instantly qualifies you for a gig as an [...]
UPDATE 10:01am EST: Morning my evil rats & leeches – as you can see I have been keeping myself busy during Turkey Day – no tryptophan poisoning for me. Alright, first order of business are the retracement levels. No, the widget has not been removed or broken – it’s smart enought to figure out that 2sweeties didn’t post an update as he’s on vacation. So, I guess I’ll have to jump in here. Remember, we didn’t have a down day for 4 days, which means the short RLs remains the same. I have added the new long RLs – just in case we actually get a drop today.
Here are the calculations – feel free to double check [...]
This week completely sucked so far, but starting this Friday I promise you we are going to kick ass. I saw the light today and am completely jazzed right now – mentally at least one light year away from where I found myself yesterday. I’m going to completely rape this market – mark my words.
Alright, this is how feel tonight – hide your children, make sure the pets are outside hearing range, and crank this sucker up:
We are going to have some fun, my fellow rates – good stuff ahead.