Where Is Everybody?

UPDATE 11:55am EST: Okay, the comment count is in the toilet – yes, I admit I’m spoiled but I fear that a mass arrest of my evil minions has taken place. See you in a a few years, rats! Whatever you do, don’t pick up that soap!

Okay, I’m hunting for future victims. Here’s one I might like once we reach the top of Minor 4 – CCJ. As you can see we dropped back to a longer term diagonal. There’s a chance we bounce back but I think the entries here are clear. You could even go long here to scalp a few points, but would set a tight stop.

Anyway, I’ll hunt for more and check back in.

CF - don’t grab it right now. Wait for (hopefully) another touch of the diagonal resistance line.

UPDATE 12:37pm EST: Here’s another one that might be ripe soon:

Again, don’t grab GRMN now – wait for this line to be touched.

Okay rats – this is a code red activation! I want to see symbols symbols symbols! What we are looking for are short candidates which are one of the following or even better a combination of:

  • Ready to be entered in a day or two
  • Are overbought on a short or long term basis
  • Are liquid – 2 Million minimum
  • Are optionable (meaning bid/ask spreads are not insane)
  • Diversified – I want to see symbols from all sectors

Get to work rats – this is not the time to sit back and relax. This is when you plan your next move.

P.S.: Please let’s not debate the wave count to death. We are moving in the pattern right now – if we start seeing discrepancies to the current high probability count then that’s the time to break our heads about this. It seems to me that you guys are fishing for justifications to back up your current trades/conviction.

UPDATE 1:41am EST: Oh, I LOVE the stochastic divergence on DLTR:

Grab it now. Bitch has horrible bid/ask spreads.

UPDATE 1:57pm EST: I was thinking about waiting but might grab GLD puts right now. Look at this:

Might pop higher but I do like this diagonal.

UPDATE 2:20pm EST: We reached the target zone for Minor 4 of (5). I’m however a bit torn – it’s possible that we but even higher into the 760 region. I’ll scale out of some of longs, among which MA produced just nicely :-)

This entry was posted on Thursday, March 12th, 2009 at 10:58 am and is filed under Market Outlook. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

  • Possible roadmap for next few days/weeks

    http://screencast.com/t/GLvXMpOaBf
  • rmunsun1
    mind if i ask what you used for your chart? 1y 30m or what?

    thanks.
  • Thats a 60-min of ES
  • SwissCheez
    Did my comment just disappear?
  • Blind_Squirrel
    Short ES @ 747.00
  • howd you get filled that high? my high on the day says 744.75
  • Blind_Squirrel
    still using march
  • it feels great being on the right side of the trade with front month options that have 8 days until exp lol

    sorry all you bears! I'll join you tomorrow!
  • Keirsten
    Out my daytrades. I still see no significant selling up here FYI today. But I do see some Bears capitulating. Reminds me of a Thursday afternoon not too long ago. :-)
  • NEW TERRIFYING POST!
  • BigHouse(Aka Mr Vix)
    Well shorted my last bunch of FAS at 4.85. Now i wait for the pull back.Enjoy the rest of the day.
  • Closed my WFMI position. Near the top of the channel.

    http://www.oxyinvestor.com/2009/03/closing-wfmi.html
  • The strange thing I'm seeing (or not seeing) is a lack of institutional selling. SPY is only -3m on block trades in WSJ's Selling on Strength
  • sunzt
    Hello,

    I'm a long time lurker and follower of this great blog. Here's what i currently see:

    FAS is following my channel nicely and broke my 78.6 line. MCAD looks good. May hit $5 by EOD.
    http://screencast.com/t/TQ88wbPoFJ6

    30 min SPY is also following my channel nicely, and broke my 38.2% line and nice MCAD. I can see it test 77 by end of week and then the drop.
    http://screencast.com/t/hf4sfcvzXpx


  • doug
    I always like to short stuff that has been weaker than the market.

    stocks like pru - ge - axp
  • ehmu

    TDC may be getting ready to gallop long, stops just got run back to support around $16
  • SwissCheez
    Mole, Syngenta (SYT) is a terrific shortable candidate now. It's in a bearish wedge, overbought - fast stochastics at 89, slow stochastics at 83 (12,12,54), and have been flat at that level for a month. It has closed today in Switzerland (its main market) under mid-Bollingers after a long period of levitating over it, and pinning a higher border endlessly. Today it's down 6% but has lots of meat on its bones since it has been considered "defensive" stock and was not falling when the index was. Have been heavily short it from Feb - and start to hate this @ucker. Well, today it's behaving well:-)
  • i hope it's 760 and not 960 lol
  • 760 - SORRY!!!!
  • BigHouse(Aka Mr Vix)
    Think i will short somemore FAS at 4.80+ .Looking forward to a 3 wave pullback :)
  • 3 wave of what ?
  • Careful with the CF Industries play. They are currently trying to acquire Terra, and the stock has had some gaps related to that news.
  • Paleface
    Hey Doc where is your blog?
  • Hi Paleface. It is at: http://www.thedocument.com

  • Thanks Al!
  • you might be mad about your current positions, but think about it this way... the sooner we pop and peak the sooner your puts will be making money. and if you have cash on the side you can definitely lower your price point by alot
  • jigdaddy
    fuck this im going surfing...have a good day peeps...
  • What has been bad about this day???
  • jigdaddy
    started scaling in short side too early, sold my skf puts too early...just annoyed....

    now i am really going surfing :-)...what would make me feel better is if you changed the number to 760 from 960 :-)
  • this is really stressful...

    are we dropping ? is this a rally ? dam... I'n going to sit tight... got in with 33% of my capital at 738... I don't intend to add shorts unless I see a reversal....
  • wow these front month calls are the way to go! yesterday I was crapping my pants because i accidentally bought front month options instead of april options and they were down 75%. now they recovered so I'm netting 50% off them lol.
  • Keirsten
    .382 FIB for SPY @ 74.92.
    BBL
  • MayDaze
    Mole - you mean 760, right? Giving your faithful leeches heart failure... ;)
  • MaxPainMan
    Mole,

    960??????
  • BigHouse(Aka Mr Vix)
    Why not 1,060 lol
  • 760 - sorry!!!
  • thegutterball
    mole, re: shorting gld here, are you concerned at all that if the mkt turns around and drops, gold will spike back up to the highs? i can't explain the strength today. or is it just that the risk/reward is favorable now in your eye?
  • Correlation has been soft at late - yes, the notion has occurred to me.
  • Long FAZ again. 46.17
  • benji12
    long faz here.
  • BigHouse(Aka Mr Vix)
    looks like alot of shorts are getting stoped out. That is what the market wants. Hang in there shorts. I'm looking for profit taking.Nice clear 5 waves up from last Friday.
  • Ed
    Do you really want people hanging in there or do you want the run up to be higher ? The higher the runup, the bigger the rundown . . . .
  • Baby Dragon
    check out crack spread....
    sell april butterfly on TSO now....

    Me sold
    April and May both ....
    Hint: buy wings of May... and sell it April.... (Saves money)
  • Keirsten
    VIX has support @ 40.32, beyond that you're on your own.

    SKF has gap support @ 145.36, but at that point it will have breached the .786 FIB support.
  • DMS425
    We sold too soon, did you get long UYG yesterday or today?
  • Keirsten
    I don't even want to think about it. oy. I'm daytrading FAS, BGU, TNA and GS in the meanwhile. I forgot how cheap UYG is trading down here, doggone it.
  • DMS425
    Hands down it was a 100+% move in 3 days and I hate options with less then 10 days left. I am just not that good.... maybe someday?

    I love what you are day trading here!

    I feel as if we are going to get a scary sell off due to profit taking late today or tomorrow. Which will be a great point to re-load on the long side with some tight stops....just in case this rally does last longer then most think.

    It did happen in Nov...
  • Remember the CPC ratio scenario as it always plays out, just like back in February (5-10) a very low ratio is near term bullish and is followed by a short rally, which then is followed by a bottoming process that usually occurs once the CPCE graph breaks its trendline. That could come as early as tommorrow mornings open, but more than likely Monday. I suspect a huge gap down black Monday.
  • ZigZag
    Alpha, I'm 100% with you. My BKX chart went above it's stop price, but the forecast will still play out..

    http://tinyurl.com/aojgrz
  • rake
    based off the RL stuff... how are you positioning yourself going foward. I am looking to take some profits on FII
  • rake
    What i meant was which sectors will you play?
  • Guano
    Just got stopped out of some of my shorts. just keeping up with the game plan of letting my losers run and cutting my winners short. wait, is that right? Let me check my account balance.....oh F*%$
  • About my previous comment on volatility & GS calls: Sorry, incorrect streaming data from Ameritrade.

  • ehmu


    ok, you asked for candidates, here are my two long picks from my last nite scans

    DIOD MDR both breaking out of consolidation with volume
  • Volatility being sucked out of GS calls.
  • MaxPainMan
    VIX dropped like crazy today
    (even better to load up on SPY puts with)
  • Gold Miners - GDX - also looks bound by a declining channel and has been riding the top channel line down all morning on the 60-min chart

    http://screencast.com/t/uVADLbTVJzL
  • Trader Jose
    Thanks for the great GDX graph. I own a bunch of AU July puts ... waiting for GDX to break. Weekly SloSto dropping from an overbought position but daily are in oversold territory. So far I'm wrong every which way on this one.
  • Red
    GDX and GLD have made the last two days less fun than they should have been. the SOBs
  • Trader Jose
    Hey Red! Sorry for the slow response, I was busy casting a spell on the dastardly duo. I couldn't agree with you more.

    They keep going up and my net worth keeps going down. Looking at the daily SloSto I think we're in for more pain for a while but the downturn in the weekly gives me hope for the long-run.

    What was it Keynes said about the long run?
  • CRM looks like a tasty short right nowish, up 30% in the last month -- http://www.screencast.com/t/jmNJfwEvL4
    S is also worth watching -- http://www.screencast.com/t/MCecxt1Q3r

  • Short /NQM9 @1148.00
  • BigHouse(Aka Mr Vix)
    Come on 7.90 XLF
  • MayDaze
    You got it - 7.92
  • Ed
    I think you'll get it. It's pretty damn close right now. Though I'd probably wait to see it change and not load up right on 7.9. You might want to see the run out before loading up on them. It might run to 7.95 or 8.0 before all is said and done. . .. Once it changes, then hope to have a good ride back down. Just can't get out of my long positions just yet.
  • 20 candidates which meet your criteria my lord

    All of these are over 70% above their 52week low, in addition to meeting your volume, short, & optionable criterias

    http://screencast.com/t/IiUMN3ho






  • Squidman
    SOH down. Getting way too suspicious every time we approach RL's and servers crash.
  • How long is this Mark to Market meeting gonna last? Any ideas when they reach a decision?
  • prozor7
    Lawmakers urge changes on mark-to-market rules
    Accounting board chairman says new guidance will be out in "weeks"

    http://www.marketwatch.com/news/story/lawmakers-urge-changes-mark-to-market-rules/story.aspx?guid={8F2783FB-3CDE-462F-827D-D47ABDA100A8}&siteid=yhoof
  • Ed
    No idea, but I seriously doubt they change anything. I think the banks are now against it as it'll affect their future quarters after they've already taken a beating on the mtm this and previous quarters.
  • DMS425
    Ed,

    The banks will be able to write-up Assets, if you can call them that.

    But none the less it will greatly improve their captal ratios, put less stress on them, and the FED and Treasury action will be much more useful in stabizing the system.

    Marking long term, held to maturity assets, to market in my opinion is stupid. If they are not impaired then they are good, right? Also markingan assets you have no intention to sell to an illiquid market just does not make sense to me.
  • Jonny
    My take is the financial firms will do anything to survive this crisis, including giving up future growth (e.g. GS and MA now bank holding cos.). Think of the lobbying pressure they've thrown on Capitol Hill, plus you've got chairman Barney Frank championing change as well. I'll be surprised if nothing changes. Prob some sort of hybrid where they have to note the assets, but they don't count against them. From a political perspective, it's in the Dems favor because it will help Obama's market from crashing, and in the Reps favor because it will benefit some of their larger sponsors. Alternative views welcome.
  • Red
    Just bought FLR, i like the sector for a bounce and the stock just broke out of a beautiful downtrend line dating back to June

    EDIT - oops hadnt seen that Mole had gone bear, sorry for the long name ;-)
  • Once again, late the party.....j/k...LOL


    Hi ya doing Red?
    Let me make it up to you. Go short on the ES at 744.....quick trade or possibly longer
  • Red
    Ive been out of sync with the evil overlord for a few weeks now ... ah well.

    PS up 3% on FLR
  • alright.....get well.
  • Shame on you.
  • Ed
    SP just crossed 740. it's floating around there. Appears to have some strong resistance around that 740 level. I'm staying long and just taking profits and moving my stops up as we go along. I think there is potential to go either way after today, but nothing major until the week after next either way. Anyhow, until something goes one way or the other, I think the safest way is to just keep moving my stops until the sentiment changes.
  • workdog
    Short RF. This thing is dead as a doorknob even with the rest of the banks rallying hard. I don't know if I'll even wait for a break of this wedge.

    http://stockcharts.com/h-sc/ui?s=RF&p=60&b=3&g=0&id=p96253141533&a=162911891&listNum=1
  • Ahhhh not a good day for me.

    I am all over the place. Horrible entry and exit all day long.
  • Happens to the best of us...No worries

    (btw, by no means am I the "best of us")
  • jigdaddy
    me neither.....my positions i keep scaling into keep getting cheaper....house of pain today
  • MaxPainMan
    time to load up on SPY puts??
    (maybe i'll sell 1 /ES for now)
  • rake
    Short MVL. I got in a little early, but its moving toward. I dont think you are too far behind if you enter today.
  • Erikd - where are you man ? busy going long?
  • BigHouse(Aka Mr Vix)
    Hes gone fishing
  • jigdaddy
    there is more noise out there today then any other day....he is probably sticking to the plan...needs to see XLF close 2 day above the certain trendline...thats my best guess..
  • Mr. L
    This is interesting, but is more of what we've been seeing. The correlation on the long treasury now has a strong positive correlation with the market:

    http://www.screencast.com/t/mXPmSsBk

  • ianw
  • Baby Dragon
    Short
    BID @ 8.50
    RE @ 68.3
    POT @ mkt
    ZUMZ @ mkt
    PAAS @ 16.20
    set your SL at your comfort zone...

    everyone should speak at least his book for the blog....

  • JohnyWalker
    on esh9 i have strong Resistance at 744 and also the point that Mole has on his chart. Financials look a little toppy. Mole thank you for the post. I am reminded of your need for conviction post a few weeks back and seperating fear of what might be from what is on the chart which says that right here we are finished a of 4 or c of 4. The risk reward is a no brainer and i wont be letting fear of what might be keep me out.
  • The more time we spend near the highs, the higher the probability of going even higher....
  • Red
    "The more time we spend near the highs, the higher the probability of going even higher"

    thats not usually the case. Basing is above support, churning is beneath resistance. Both are good entry points for moves back away from that level.

    Who knows if it will happen here ...
  • true, I was trying to point out that the supply is being eaten up when we hang around the highs.
  • poopsquad
    does feel kinda like more consolidation in front of another push higher. but this run from 674 a bit long in the tooth here and credit is actually wider on the day and dollar isn't going down..... bank stocks are so strong which needs to reverse if we gonna fail though. mixed bag, suggests we could get one more push to 745 or even 750 ?, but this is a bullfest headfake in the end.
  • Mole: Once Tim said he is looking to kill some rats, most of your 'rats' went into hiding!

    Nice charts on CCJ & GRMN.
  • Yo. What's up with your secret study!?
    I really like the concept
  • I'm writing about it this weekend.
  • cool...be sure to post a notice / link ....
  • Secret, ey?
  • scouttie
  • Ed
    pushing right on 739 on the SP index. 3rd time we're testing it and haven't crossed yet. . . . Wondering if we're going to cross and what happens afterward.


  • Here are a couple shorts I dug up

    NFLX
    LFC
  • rake
    Careful with that short on NFLX. I would let it break the bullish trend line of the past few months. The long term chart looks good for a short, but the short term looks like it could break out. if we really are going higher before lower i would expect it to breakout.
  • rake
    Careful with that short on NFLX. I would let it break the bullish trend line of the past few months. The long term chart looks good for a short, but the short term looks like it could break out. if we really are going higher before lower i would expect it to breakout.
  • rake
    Short Setups: T, SSS, FRT, COLM, DBD
  • rake
    im logged in now: Short Setups: T, SSS, FRT, COLM, DBD
  • Douala
    Anyone buying FAZ at this level?
  • thunda72
    No, but I just shorted some FAS.
  • Squidman
    As Keirsten noted a.m., 47.06 is next gap support. Think I'll linger a bit longer to add.
  • Zeusmith
    Interesting, but the DOW Jones utility Index has Hardly participated during this whole run. trading near the bottom of its range. May look to short IDU or long SDP.
  • Lordted
    When it seems as though it is never going to turn is when it fads. - "Usually"
  • ScubaSteve
    KBR, coming close to the diagonal resistance
    NYX, similar chart
  • I hope we bounce off this retracement level, since I've gone about 90% short, but the SPX just completed an inverse H&S pattern with a potential upside of 780, which some people had stipulated as a possible upside of wave 4

    http://www.screencast.com/users/alphahorn/folders/Jing/media/6b2a0e30-dec6-4977-ac02-27be800e8b82
  • MaxPainMan
    grabbing a tiny bit of SPY May 65 puts
  • Squidman
    T looks ripe, top of the channel, way overbought, very optionable....
  • Joe8888
    from the low ,,on the Dow Jones ,last week.

    10% up ,in price,,,, is 7100 ish.. Hmm
  • TraderTamas
    This is the XLF chart from that Erikd posted yesterday: http://content.screencast.com/users/erikdbrucker/folders/Jing/media/03f62dcd-1401-415d-888b-cba0a29f105d/2009-03-11_1215.png

    Looks like a close above 7.70 is bullish but below is super bearish considering today will be our 4th day up in XLF.
  • Baby Dragon
    M to M is/will not be there anymore
    XLF should be 13-14 range if they rewrite the B/S

    Reasons :
    1> No more write downs for banks. insurance. (with Mark to imagination hey hey all my assets are in profit only....)
    2> Yield curve flat so imagine the profits when you take at 0% and lend at 12% ....

    XLF is superbuy....


  • mtst
    You may also note the 2 day's close above rule ;)

    It`s not easy to trade as Erik, I`m confident in his plan but the timing against front March contracts makes the heat...
  • DMS425
    He just cost everyone that listened to him with FAZ a boatload of money. Those calls are worthless. Buy at 54, you would be stopped out by now!

    XLF broke resistance today is out of the down trendline. If these guys hint towards adjusting MTM we are going to rocket up.
    My guess is the insures will benefit the most!

    Yes I will get JING to post charts later today.....

    Cheers
  • HardTimes
    I have a couple of things to say about this and I'm not sure anyone is going to like it.

    Anyone who listened to Erik took the trade themselves. He did not cost them money, they cost themselves money. This is of course assuming the trade is over which he has not signalled. I personally took responsibility for my own trade and closed it when I was sick of the bleeding (still closed out when I was ahead). I will stay out of it until I can see a clear direction again and be confident in my analysis.

    This is exactly why I kept posting that people need to not blindly follow others' recommendations, they need to do the TA or whatever other analysis on their own, be satisfied with the results themselves, and take ownership of the trade. I remember Erik saying a couple of months ago he was not interested in having blind followers.

    Erik's system seems to be constructed to show changes in trend. If there is a close above key levels then it will show a change in trend. But because it is based on daily and weekly closes, any action in the middle of the day does not seem to mean much to his system. So if I had to guess, I think he will not update his call one way or the other until we can see what the closing price will be.

    Consider also that XLF is right about, or just below, where Erik was saying to short. Yet FAZ is substantially lower than it was at that point (almost $15 lower). This is where choice of instrument to trade is important. It's because of the the way that the leveraged funds work that we have this situation.

    Nobody should be blaming Erik. This is a big boys' and girls' game. Everyone needs to develop their own trading plan that they can feel comfortable with. Following someone else's can cost you serious money because of different amounts of capitalization, risk tolerance, etc.

    Now the question I have is for alphahorn. What were you looking at when you got out of FAZ at about $115 on Friday? What told you that was the place to get out?
  • DMS425
    I agree with you 100%, every trade is up to the individual. In this case Erik and had a difference of opinion on charting the ultra ETFs. After this I think the case is closed, they work on a 1 to 3 day frame and that is it.

    People are constantly asking him for help, great, but when he stated FAZ will not go below X and it blows past it, WTF. I took the opposite trade as him and am just loving this move. Then last night he took he a poke at me, which I did not respond to becuase I figured today would speak for itself.

    I AM NOT BLAMING ERIK, BUT WHEN YOU ACT AS A GURU AND PEOPLE FOLLOW YOU, YOU HAVE TO BE CAREFUL ON WHAT YOU RECOMMEND!

    IMHO this rally may have some legs......more then most realize right now. That does not mean I do not have stops in place to hold a significant portion of these gain if I am wrong.
  • HardTimes
    ::chuckle::

    > they work on a 1 to 3 day frame and that is it

    And in my opinion, maybe that's not such a bad thing. I know the general concensus is that it's not a good idea to hold these more than 1-3 days. I have held them longer and done well but I think there was a good dose of luck in there too.

    I think Erik got a lot of followers because he has been pretty impressive making calls. Nobody's timing is perfect, and overconfidence is poison. Not all systems work in all situations. And this sharp change of trend is something that I'm sure has really surprised the shit out of a lot of people, although in retrospect, like always, it shouldn't have at all...

    Interesting that we've just about made a round trip back to where Erik was recommending to everyone that they get in short, and FAZ is now over $15 lower a share. To me this is an illustration of why these are very short term, very aggressive instruments...
  • DMS425
    In all reality a monkey could have thrown darts and shorted stocks and made money the last 2 months. Catching the turn is what matters, that is why I respect Mole. He does not fall in love and just trades............He caught and warned about this turn and most likely profited from it!
  • Trader Jose
    Amen.
  • mtst
    I`m on FAZ but without leverage so I can wait a little...

    I ususally don`t look at volume but in key resistence levels...several where violated today without vol so I`ll have to wait to tommorra to make my mind bot this rally.
    How I hate wave 4 lol
  • gtt
    Looking at restaurants: DRI, PFCB, TXRH, PEET.
  • HiddenLiquidity
    BG and ASCA
  • rake
    not trying to be a jerk, but ASCA just broke out of a Ascending triangle. not the most optimal short. I would have gone long ASCA but i dont have the balls to be long a casino.
  • Publius Federali
    ADM and SRE are two beauties in my eyes.
  • jigdaddy
    just grabbed my last bit of puts at 739..i think thats close enough to moles wave count. something that i have learned about wave 4's and 3's...

    wave 3s dont let bulls off and don't let bears on
    wave 4s are definitely fast and furious and catch most by suprise

    very tough tape if you haven't built a position before each wave.....what i have learned is to scale in before each wave starts, sure you will suffer some initial losses but if you do follow the strategy then by the end of the next wave you will be enjoying big profits...
  • FWIW... I would not be surprised to see es touch 770-780 by friday

    http://screencast.com/t/ZJclzUti7c
  • fuw
    Just picked up my last FAZ at 49.9. To me, either we have one last push up (~745-750) or start breaking down from here. I think it is looking weak and extended though.
  • tdub
    Rising prices on lowering volume...Not exactly a healthy setup as we near the 742 to 746 range.
  • MOLE and other RL followers....heads up!!!...check your email from 2Sweeties....


  • Hey thanks, I hadn't busted open the iphone yet. I was doing a quick sweep, and I'll be making appropriate adjustments.
  • didn't want you playing on train tracks without noticing the f'ing train
    LOL
  • Indeed, that would have been quite dangerous! I was long before the note came out, and it gave me a very nice exit point and I've rolled over from there. So far so good!
  • Cool. Not sure if it'll play out as predicated.
    I'm trying to collect / round up people who use RL to exchange tips /
    ideas / etc.
    If you have anything please be sure to share. In the meantime, I'll
    throw up some
    posts in the Zero forum regarding same.
  • Fantastic. I'd love to chat with others using the Z and RL together. I think they can be paired to be a pretty powerful combination.

    On that short play - it may break down, but I'm not worried about it. If it does bust out, my entry was so good (749.75) that my stop is just a couple of ticks away.
  • I like the circled one :-)

    But I especially like the daily one which is near by.
  • jigdaddy
    well if we get to that circle one then i will add more, did you not add at your own personal target?
  • Mole, I know you mentioned being too busy to check your email. So, I actually put a Post It note near my screen as a reminder to remind you!

    How's that for commitment!!? If you play your cards right, I may have move you to the fridge!
  • Lordted
    Has he got anytrhing bearish to say??
  • Yup.
  • Lordted
    Thanks.. Often find that this sort of low volum strength is marking a high .... Knowing my luck it won't today - Short ES and YM
  • that should do you right
  • sam
    long time lurker, first time poster...

    im shorting JPM above $22 with a stop at $22.6...testing upper range of channel on the daily.

    im shorting PNC above $28 if it gets there again...same channel top...

  • Harmon
    MOLE..DID YOU PUT OUT RAT POISON?
    anyway I added to my GE position this am with $9 calls
    man is this trade working!
    everyone is also wanting to short AZO
    but you better wait a little bit
    look at the inverted H&S on a 5min chart
    good luck to everyone...BTW....ole TK nailed it again today going long on the es
    what would his target of 790'ish do to our count?
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