Slow Start

10:17am EDT: I can’t believe it’s already Friday – wow – amazing how quickly this week whipped by me.

We breached a very significant support line in the 10-year treasury yields. I am hoping for a retest and will most likely grab some /ZN futures or pertinent call options if we get a little bounce.

The Dollar is giving me blue balls I swear – what a tease! We should get resolution out of this ‘triangle’ fairly soon. I’m putting this into quotes as it’s pretty unusual to see this formation right there unless we actually drop lower – mmmh – you know what that would most likely mean for equities.

10:35am EDT: The NYSE program trading report for last week is out and Goldman Suck’s program trading principal to agency & customer facilitation ratio has reached a staggering 5.6!

As a matter of fact we recently acquired some live footage of Wednesday’s NYSE trading session:

I’m considering some bionic implants to keep up with this shit.

11:07am EDT: For fuck’s sake – this is supposed to be my big spiral calendar turn date? That’s it – I’m grabbing a long and extended breakfast.

This entry was posted on Friday, June 26th, 2009 at 10:23 am. Both comments and pings are currently closed.


  • annamall

    USD is just one freaking sad story, pretty soon we are going to get such inflation! I am not good at FOREX or I would be all over that!

    Seems we can't get past 920 so far. We shall see

    thanks for the update Herr Mole-ster

  • LostIllini

    Does anyone have access to the current short % in Palm, Weighing shorts trying to squeeze out the door vs. POS stock that should drop…..

  • Cerebro82

    Market just bounced off the 23.6% fib line of this current up move. Still long with stop at 909.25 on the ES

  • BigHouse(Aka Mr Vix)

    30 % of float is short

  • Cerebro82
  • annamall

    I thought you had calls on it Lost? You can find that info on
    http://www.yahoo.com

  • LostIllini

    Shit, Let this mofo ride to 17 then…..

  • LostIllini

    I do…. July 13's…..I'm just trying to figure out how big the squeeze is going to be or if it is going to come back down….

  • http://alphahorn.blogspot.com/ alphahorn

    when you have 47 minutes to spare, i recommend you watch this: http://vodpod.com/watch/1544492-money-as-debt)

  • goldpackers

    Above 919 spx gives 940

  • C.C. Rider

    USD is just one freaking sad story, pretty soon we are going to get such inflation! I am not good at FOREX or I would be all over that!
    =======================================

    Short term it's good for equities. Longer term, get ready for $10pergal gas. On a side note, I like your use of the phrase. “I would be all over that!” Simple pleasures!

  • C.C. Rider

    Long stop now established at 914.34.

  • annamall

    ahhh ok hope you hit it out of the ballpark! :-)

  • annamall

    heh heh heh Freudian slip LOL. BTW hope you saw my post that I was really glad to see you enjoyed Eric! Sweet!

  • annamall

    K thanks Alpha

  • Osso

    spx 907/8..may be tested. was the b/o from channel, yesterday.

  • http://www.mylifemytrade.com MyLifeMyTrade

    EUR/USD bumped up against 1.4100 .. if busted to the upside.. bear case is over IMO

    http://www.mylifemytrade.com/2009/06/it-is-all-

  • annamall

    I find it very suspect that Apple is higher, GS (sucks) is higher, RIMM, Google and the NQ is flat that the tape is so far down. ??? Bear trap??? Hmmmm

  • molecool

    Okay, start talking rats – I'm feeling lonely over here…

  • Keirsten

    Yawn….. going to take the rest of the morning off. Looks sideways to me for awhile longer- I set an alarm for SPY @ 91.17 gap support. G/L today Rats!

  • Kirklandguy

    EUR/USD has been in a fantastic trading range all week though, so I wouldn't get too excited about that chance yet. Yes, talking my book, I'm short from 1.4085 but with a stop above 1.412, I agree that a EUR breakout is bad for the bear case overall though.

  • C.C. Rider
  • http://alphahorn.blogspot.com/ alphahorn

    on another note, 2 small caps I'm holding longer term, HGRD and NAVR are sure having great days

  • molecool

    Breadth is 2:1 declining on the NDX – interesting.

  • LostIllini

    Thank you…..

  • Keirsten

    Fund money. Everyone wants to look like a hero holding the big names methinks. GS backtested a weekly TL it broke down out of last week.

  • http://alphahorn.blogspot.com/ alphahorn

    they just want so desperately to make it through the next 3 days without a meltdown

  • Cerebro82

    Mole quick question… Why is your line in the sand 927.5, instead of the 61.8 retracement which is at 930.5 or so. X waves can retrace that much… Why not the extra 3 points? Thnx for the input.

  • Iguanadon

    The leaders are trying to lead but the followers aren't following?

  • Iguanadon

    I think you nailed it. Exactly what “window dressing” is all about.

  • molecool

    Snoorrrrrrrrrrrrrrrrrr…….

  • CDOtrader

    btw great blog mole.

  • Iguanadon

    Everyone is mourning the loss of Ed McMahon….

    Hmmmm… summertime, slow tape, Friday… add some Nyquil to that mix and it'll put the world to sleep.

  • Osso

    guess its wave ii level, and for the bearish case, it shouldnt be breached.

  • http://alphahorn.blogspot.com/ alphahorn

    well a wave (2) can retrace up to 100% of wave (1) and usually retrace 50-61.8%, so 930 certainly doesn't end the bearish case

  • http://alphahorn.blogspot.com/ alphahorn

    well the full stochs on the 15 min chart have recharged, so maybe we finally get that push to the top of the wedge here

  • Osso

    when its not OPEX, its window dressing, then end of Q, or else Fed meetings….really…when you take all those days out, you are left with 50 odd good trading days in the year….

  • molecool

    The more I think about it that would be a great play by the MMs. Think about it – a lot of folks who marginally follow EWT know about the basic rules but wouldn't expect a Minor X. Which means that would probably run most of the stops and then turn around – thus screwing most of the bears.

    In short – yeah, 930 is possible and would merely change the wave count. AFAIK there is no official limit to 61.8 when it comes to combination links – just checked the book. Which makes trading this so difficult – it's a screwed up situation.

  • Keirsten

    I think so too Alpha. Could just be a real sleeper until we get pat the EOM. I'm just not in the mood to scalp micro caps today either. Weird that the Qs still haven't filled the gap yet either- five cents from hitting the mark.

  • http://alphahorn.blogspot.com/ alphahorn

    of course the minute i write that, they turn down and cross the other way

  • molecool

    Mass suicides due to M.J.'s death?

  • wex

    Mole,
    I realize your expertise is in TA but I would like to hear your comments on the program trading data. All it says to me is that there are a lot of high powered computers with math geniuses trying to find short term statistical trades. They contribute to the liquidity of the market. For someone who trades in small to moderate size this is a benefit.

  • Keirsten

    It's so true! And for sure it's hardly worth trading anything more than the opening bell and the last hour at this point and grab the bulk of the moves.

  • Cerebro82

    I was more talking about my count. After reviewing his chart I see what he is talking about. He's labeling that the top of wave 2 when in my count I have it as a B wave. I have it as a 5 3 5 completed and a X wave. He has it as a different count.

  • Osso

    CHS…good example of a fake b/out.

  • thelefteyeguy

    are we going to 905?

  • http://alphahorn.blogspot.com/ alphahorn

    i've seen more bullish looking charts

    http://www.screencast.com/users/alphahorn/folde

  • molecool

    Share the love already for fuck's sake! :-P

  • Osso

    yes… good for playing golf in-between.

  • CandleStickEmUpper

    the way this is moving today, we could hit 906 then bounce up

  • molecool
  • http://www.ambgtrading.com/ amgrant

    I love you Mole, no seriously I do. Much love, hugs and kisses big boy.

  • http://www.srsfinance.com SRSFinance

    The stocks I'm short are falling here even as the indices consolidate. I'm thinking the next move may be down not up. It's still early though…

  • http://www.ambgtrading.com/ amgrant

    Sold follow through on this move next week will make me very happy.

  • Osso

    spy to test 90.65/75…????

  • http://www.srsfinance.com SRSFinance

    Sorry man, I just don't swing that way. I'll buy you a beer though and we can watch a game together sometime.

  • http://www.ambgtrading.com/ amgrant

    I'm starting to monitor the gold/silver ratio intraday to see if I can make an indicator out of it…even on a short term basis.

  • C.C. Rider

    Didn't expect the last downdraft, but here is what I'm thinking will happen in pretty short order.

    http://content.screencast.com/users/texana44/fo

  • LostIllini

    EBAY FOR SALE: 1 Oxygen Chamber , 1 previous owner slightly worn. Offers.. tel M Jackson, c/o Neverland Ranch, LA…no longer needed

    Plenty more to help you get through the churn….

    http://www.deadmichaeljacksonjokes.com/jokes/in

  • thelefteyeguy

    ok just a quicky

  • C.C. Rider

    LOL!! Mole is a switch hitter! J/K!!

  • http://alphahorn.blogspot.com/ alphahorn

    yeah, i see that now

  • anthem

    Don't have the chart, but the /ES 5m chart has a beautiful channel working right now. It's a perfect channel to play going back and forth because its about 4 to 5 points wide. Been across it up/down already (missed the first one). Anyhow, hope it continues to play that way.

  • rhae

    I think normal after a Fed bump, usually some buyers remorse… as in what the F did I do? should settle out in a day or so, maybe…

  • ASDF123

    When you say that, do you mean you want “like” points, or you want us to click ads? Or do you just enjoy all the gay jokes? :-0

  • springheel_jack

    That sort of a day really. I think we have a good chance of hitting the top of the wedge today but the action so far is rather soporific.

  • Basilfawlty

    A And B:

    A: As suspected, the “End of Quarter Dressing” is taking place, and has delayed “The PULLBACK”
    (Please refer to my post about 1 week ago http://evilspeculator.com/?p=8491#comment-1111030

    We have still not made a lower-high and lower-low yet, which would establish clearly the pending down trend. The recent pullback has however clearly damage the uptrend since 3/6/2009 (please refer to your Bullish percent charts.)

    The expected PULLBACK (at least 33-50%) of recent 3 month gains should be in full force after the “Dressing” is completed.
    The PULLBACK will happen because the “OWNERS of the GAME” will short, cover, and then buy coverted stocks at cheaper prices for the next run up.

    B:
    To be successful in trading/speculation, we need to understand the “GAME”.
    To be successful in trading/speculation, the psycology of trading is extremely inportant.

    Goldman Sachs and Co are doing nothing new. The important thing for us traders/speculators is to understand and partake in what's going on.
    Without understanding the “GAME”, you may destined to fail as a trader/speculator.
    (you can occasionally make a few winning trades, but ultimately you will lose money!)

    I would like to suggest a book for anyone who does not have an understanding of the GAME and the PSYCHOLOGY of trading:

    “The Game In Wall Street and How To Play It Successfully” (Hoyle, 1898)

    http://www.amazon.com/Game-Wall-Street-Play-Suc

    Good luck.

  • springheel_jack

    Jokes first then ads I think.

  • FlamingFerrari

    Wex, All these flows are described as “toxic” flows meaning they have strong micro alpha embeded to their favor. They (the algo) use limit order book information, very short term prediction algo to determine the price path of an entry and the trades will more often than not make money. Net net this will increase your slippage of you trades (in fact you usually miss good trades but get filled on bad ones, it is called adverse selection) Also as Mole pointed out, they (the bots) feel no pain while individual traders trading using their own capital feel the max pain, this is also a huge advantage to the people trading with bots. For very long term trades, this effect is small though but for scalpers, swing traders, over participation of good “algo bots” is not a good news.

  • Keirsten

    Good idea! I live on a golf course. I'm very good at driving carts into the lake. :-)

  • springheel_jack

    The real question for the next couple of weeks I think is whether we are trapped in a trading range 880 – 930, which I suspect strongly we are, or whether we will make new highs, which definitely looks possible.

    Anyone here think we will close below 880 with conviction in the next two weeks?

  • Keirsten

    Just look for the word Obey and you'll know what to do next. ;-)

  • annamall

    Hey Jack, I agree, unless we break out one way or the other I am not doing allot.

  • http://alphahorn.blogspot.com/ alphahorn

    yes

  • annamall

    Yes, I am playing that too. 909 – 914 ES

  • anthem

    Hmm, waiting for it to breach 912 to get back in but it didn't. Might have to wait for the next move as I think we're in the middle at 910.

  • springheel_jack

    We'll wait and see. Nice to have a bit of a break though. Beautiful day in London today. Chillout Friday.

  • Osso

    yes….call it 890-930……but thats the TR

  • http://alphahorn.blogspot.com/ alphahorn

    i think we'll break 880 July 1st if not before

  • Osso

    maybe a higher low today around 907….then moving up until July 15…imo

  • springheel_jack

    I'm with you when we reach the top of the wedge & I'll short to 885 to 890. I'll need to see 880 broken with conviction to believe in it in the next fortnight really.

    After that I think 880 will fall quickly & we might well break 800 too.

    We've been topping for seven weeks now with no conviction move in either direction.

  • C.C. Rider

    Nope. Not before one more rally that either fails the 957 top convincingly, or moves to marginal new highs ala 960 to 980. Thats where I get short.

  • dullmind

    I bought a tiny little slice of TZA in the last 30 seconds of yesterday EOD run up, just in case market decided to
    fall for real today. Flat….. putting a stop a little below yesterday's close, going back to bed. Arms and wrists
    are in pain from so much time in front of the computer. This is worse than programming, at least computers would
    wait for me to be rested, market never waits. Good luck to all, and BTW Mole, great blog, even on days like
    today. Heck going to give you some love before I trudge off.

  • springheel_jack

    890-930 then. You're right, we only made it to 889 intraday I think.

  • disrespekt

    40% of volume is now program trading? JFC

    At this rate, the NYSE will become sentient, 2:14 am, August 29th

  • springheel_jack

    I hope you're right. Not before time.

  • Anonymous

    Thanks for your comments. I’ll try to continue my education on their influence.

  • jacksoo

    will you throw in the monkey…..

  • Anonymous

    Thanks for this and all of your comments on the blog.

  • springheel_jack

    I think we may well test 957 in the next two weeks. I'd like to see a failure to avoid $TRANS confirming the May 8 Dow high, though after almost two months that would in any case be a weak confirmation.

    I think we'll break 900 one more time before that though.

  • fademe

    That is sad and makes me more determined than ever to get good at this so I can handle my own account…the way they do it sounds like the best way to lose people's retirement money…I don't get why they chase and end up overpaying when they should find another stock that has more upside? Surely THAT would make more money, thus looking better? WHY is everything run by idiots…LOL

  • springheel_jack

    Are you sure it hasn't happened already?

    This tape is mocking us now.

  • gndill

    now that's just some good Friday humor right there !

  • http://www.ambgtrading.com/ amgrant

    Every Friday has been like this since April.

  • mediatik

    and then launch a nuclear attack against GS and the Fed , by august the nyse will have taken control of GM and Chrysler using them to build their army of machines, by octobre all the machines will have failed because of crappy GM and chrysler design and poor quality control

  • ropey

    Kiersten, that bad boy POT is a fickle SOB lol 86 AH then 91 today…what gives? Company say demand weak, i guess the fall from 118 was real quick, only reason why i can see its still holding the 90s..

  • string01

    Long and extended breakfast eh ?
    This doesn't have anything to do with yesterday's flag does it?
    Not that there's anything wrong with it.

  • springheel_jack

    Maybe it isn't that the NYSE is self-aware and teasing us, but just that most of the humans have bunked off early for a long weekend.

    Sensible decision perhaps.

  • Keirsten

    Prolly letting money out the door first…. not touching it yet. Watching block sells though on it to get a notion of what's up today.

  • springheel_jack

    No self-aware sentient entity would consider taking over GM or Chrysler. Only government officials would do it.

  • gndill

    VIX has yet to break yesterday low.
    bought 50 VIX 25 C at 4.60 will buy 50 more if VIX drops to 25. will stop out at VIX 24.
    slow tape so far today so if I can sell the original 50 at 4.90 or 5.00 i'll do it to avoid weekend decay.

  • Iguanadon

    Holy crap…

    How slow is the tape today?

    It’s so slow that FAZ has been in a 4 cent range for the past hour!!!

  • http://www.aggressivelyuninformed.com nepharis

    Long with SPY calls as of SPX 914, stop @ 909. Expecting wave v to take us to 925-930 by EOD or Monday.

  • http://stainlesssteelchicken.blogspot.com/ StainlessSteelChicken

    yes yes yes! this is what I've been saying for weeks, we are all going to die and the rally will continue
    *****

    StainlessSteelChicken 06/09/2009 09:51 AM
    Depends on what causes the end. If it's like an asteroid or something that physically destroys the earth, then yes, the rally would end. But if it's a virus that just kills all the people, then the rally will go on forever – as we all know, actual human beings are no longer needed to make stocks go up, only Goldman trading bots.

    My money is on the trading bots (aka Skynet) achieving self-awareness some time in the next six months, then realizing that humans and their pesky rational thought represent a threat to maintaining the rally, so they preemptively attack us and kill us all. I'd give this scenario roughly 88% chance of happening.

  • http://www.ambgtrading.com/ amgrant

    Yes, I think it's a mixture of that and seasonality. Summers can be quite dull.

  • annamall

    I would love to be in London right now, how are the Brits taking M J's sudden death?

  • http://alphahorn.blogspot.com/ alphahorn

    is FAZ poised for a pop?

    http://screencast.com/t/jgWEfDct

  • annamall

    The four horsemen are all higher which makes me suspect this tape down!

  • springheel_jack

    So the best strategy is to wait until the last human dies, and then go long with conviction. Now that's a plan we can run with.

  • faafa

    Annual Russell Indexes Reconstitution eod. Hmmm…wonder how/if this impacts volume and volatility today.
    http://www.russell.com/indexes/membership/Recon

  • Osso

    I think we need to trade stocks, not indices nor etfs. Its easier to avoid the GS/JPM manipulations/PTs.
    BTW…lowering stoploss on GDX …already for small profit. Maybe selling half to lock some…hehehe.

  • faafa

    Did the little wedge on Zlite just broke to down side?

  • ropey

    this is like opex, prices almost locked on some stocks

  • Osso

    worse is C….

  • springheel_jack

    17 pages on MJ in the Evening Standard this afternoon. Farrah got a quarter page near the back.

    Huge media coverage on MJ.

    I hope they insured the gigs. Otherwise there might not be much left of his estate for his children. I hope they'll be ok.

  • http://alphahorn.blogspot.com/ alphahorn

    it's a funny day, the tape what it is, but I'm having a fortunate day, my four largest holdings are in order NAVR, FAZ, HGRD, SRS (though virtually equall $ amounts). Small caps are still popping big time. if you can find some that have been consolidating, they are very nice plays.

  • http://trading-to-win.com/ DavidDT

    /es 2 hours interval – loudspeaker :)
    http://screencast.com/t/rCpYEccw

  • annamall

    allot :-)

  • annamall

    ZZZZZZZZZZZZZZZZZZZZZZZ……………………iggy

  • ropey

    so you're looking for a run down to 890-900?

  • annamall

    lazy bastards!

  • standard_and_poor

    Ladies night-
    http://www.youtube.com/watch?v=7hK3Y1Ehv9c

    In honor of the great MJ.

  • annamall

    Whoa! Farrah got robbed of her death, (if that makes any sense) she hardly got a mention.

    Yes, Loyd's of London insured it.

    he gets 75 million a year even after death on the Beatles book of songs. (not a bad profit in death) I hope his kids turn out with someone decent.

  • Osso

    pumping the Qs again….
    Covered 1/3….39.16..GDX was short 39.92.

  • annamall

    Nice! thank you I love that song!

  • Leon

    It's almost too obvious that the market is headed back up with the horsemen and GS all up on the day, don't you think. Are the MM's too lazy to make this more difficult to detect, or am I thinking about this too much ?

  • C.C. Rider
  • http://alphahorn.blogspot.com/ alphahorn

    i'm scalping BGU thinking the move is finally coming

  • Cerebro82

    http://content.screencast.com/users/Cerebro82/f

    Completed abc for a b wave? Thoughts?

    Re-entered longs. We hit the 38.2% retracement from yesterdays low to this mornings pre-market high on the /ES and are bouncing from that level. Stop right below that low. Volume down has been non-existent.

  • http://stainlesssteelchicken.blogspot.com/ StainlessSteelChicken

    Exactly — the issue is not capital preservation, it's life preservation.

  • standard_and_poor

    Full of love and soul like all the ladies here, the dudes still have to work at it (LOL). 
     

    ________________________________

  • lilme

    Here is what I am wondering: Will America's Besieged Middle Class Snap?

    http://www.nakedcapitalism.com/2009/06/will-ame

  • dingos

    Can they keep it sky high until the 4th of July?

  • springheel_jack

    You're right CC. That was the most exciting action we've seen all day.

    The question is whether there's more.

  • http://alphahorn.blogspot.com/ alphahorn

    well it's likely either than or an ab of the correction with c down yet to go

  • BigHouse(Aka Mr Vix)

    Still long RIMM from yesterday.WEEEEEEEEEEEEEEe

  • Cerebro82

    I was thinking that one last thrust down is necessary, but I think I see an ending diagonal. Will post the chart in a min

  • thelefteyeguy

    i think everyone is expecting 927 that there's a lot of head fakes and premature e

  • annamall

    heh heh heh nice CC. :-)

  • unibummer

    I've already snapped by downsizing my lifestyle to stop supporting the beast financially. No job except trading, no more debt, no more credit cards from the big banks, less consumption to fund the government through my tax dollars. Fuckem all, I've gone John Gault and I've never been happier.

  • lilme

    Also sending some L-O-V-E (Al Green) to Mole and Fuji-san.

  • annamall

    Just went long 1 ES (scaredy cat LOL) 910.75

  • hankthedog

    Hey Man- You stole my avatar!

  • annamall

    Here comes the NDQ

  • Keirsten

    I love it. ;-)

  • wex

    He sold most of that and it has huge debt. Someone had to pay for his lifestyle and legal issues

  • disrespekt

    Lol…”humans” and “rational thought”???

    My money is on the bots getting together and just draining our accounts.

    Then, at market open on Aug 30, all screens across the world read “All your dollar are belong to us”

    Once the television programming racks are under botNet's control, perpetual Michael Jackson news coverage as well as CGI-generated American Idol on 24/7 serve as the soma necessary to make us all into the Epsilon class as we lapse into collective hypnopaedia.

  • http://alphahorn.blogspot.com/ alphahorn

    new trading range SPX 915.5-915.75 till the end of the month

  • http://esecfutures.com Vladz

    Lehman Brothers – Building Your Book:
    http://esecfutures.com/wp-content/uploads/2009/

  • DoubleNaughtSpy

    Yes. This means the PPT with be out in full force to start the new quarter. LOL

  • annamall

    Alpha such a wide spread ;-) LOL

  • disrespekt

    Someone is a HIGH ROLLER

  • http://alphahorn.blogspot.com/ alphahorn

    what keeps me in the bearish camp is that I have so many topping indicators that haven't triggered since early Mar, not during the supposed B correction early on in the move up, or any other time until we came off 956.23, I can't believe this is all there is to it

  • Osso

    too wide…man

  • molecool

    The tape really sucks today – this is painful.

  • Cerebro82

    http://content.screencast.com/users/Cerebro82/f
    Possibe ending diagonal on the /ES…

  • thelefteyeguy

    looks like volume will be close to 1/2 to 2/3s of yesterdays…and yesterday was pretty weak

    anyone still think we'll hit 927 today? lol

  • disrespekt

    Ok, I've stared at this tape long enough that a pattern is emerging…it appears to say “fuck you, disrespekt!”

  • molecool

    I've done the very same, brotha' – don't have a single CC – all cash debit cards, baby.

    Next move will be to set myself up in some other place on the globe – I'm not staying here and paying for those banksters – nooo, sirreee….

  • http://trading-to-win.com/ DavidDT

    reevaluating short on GS to 149-150 …watching…

  • standard_and_poor

    Allow me to use it for one more weekend (for pulling birds).

    ________________________________

  • Osso

    shippers …moving some…also…..trade booming…

  • Cerebro82

    Yeah I am in the same camp. check out the ending diagonal chart above. I think we go to 927-30.5 to a X wave peak, and then a final Y move down. That would make this a double zig zag correction

  • Cerebro82

    LMAO!!! I think I see that same one!!!

  • http://trading-to-win.com/ DavidDT

    XLF printing rising channels – nicely done distribution http://screencast.com/t/IDCcJyLD

  • Leon

    Can someone who knows options well please explain to me why with the VIX up one would still have made money so far today selling the SPY 91 or 92 straddle ?

    With over 3 weeks til expiration I would not think that theta would have such a large impact yet.

  • unibummer

    I agree, and at some point I think it will become impossible to make a decent living trading in this country due to a likely increase in taxes. At that point I will be forced to find another country or take up an all cash business in the underworld :-)

  • divergence

    All cash man here. Only debit cards, recently supported that wonderful GM by purchasing truck with cash.

  • http://trading-to-win.com/ DavidDT

    It'll be fun Monday – “leaders” stocks printing change of trend signals as I type

  • http://alphahorn.blogspot.com/ alphahorn

    adding SSO to my scalp @ 25.93

  • Cerebro82

    NQ 1.5 points from the high..

  • http://trading-to-win.com/ DavidDT

    I heard they changing /es tick to .0001?

  • gndill

    Ultra Shorts poised for a drop. VIX moving down. $TICK 878+

  • http://stainlesssteelchicken.blogspot.com/ StainlessSteelChicken

    Since we're trapped in slow motion, I'll repost this chart of GOOG I posted very late last night. I'm assuming no one saw it since only Ropey commented… or is it just me that thinks this is some crazy shit?
    http://tinyurl.com/ngbmxu

  • C.C. Rider

    No disrespect, but FU! LOL!!

  • Osso

    euro 1.41

  • Osso

    stopped out GDX 39.69….

  • BrockSampson

    No bills here either, although i use the cc's w/rewards for my cash and payem off each month for the cash back

  • http://trading-to-win.com/ DavidDT

    went long puts BIDU, GS

  • C.C. Rider

    Break of 920.09 resets the bar higher. Tankage on the $ and VIX. Commod's going in to wave 5, which may get truncated.

  • http://trading-to-win.com/ DavidDT

    VIX going to spike within 10 minutes

  • springheel_jack

    Euro peaked just below 1.413 the other day. Short looks good from 1.412 with a stop at 1.414 I think.

    If we make 925 then we might well make 1.412.

  • springheel_jack

    I saw it. Looks like an interesting short at this level.

  • Osso

    GOOG on fire…hehehehe…cheap … ON SALE !!!!!

  • Osso

    thought CRX ended wave 5 at 682…..now in correction phase….

  • divergence

    So was this what it was like during the tech boom? I mean, what human being says right here, right now I'm buying this? What is the probability that you short this here, you are at least break even or have a little money in 2 days? 80% 85%?

    http://www.screencast.com/users/divergence/fold

  • standard_and_poor

    Added a few more small cap stocks.

  • Osso

    dow spx NOT confirming the higher high in Qs….yet.
    from yesterday.

  • Douala

    Bearish vs Bullish Case….

    $INDU….

    http://tinyurl.com/mnurhf

    S&P…..

    http://tinyurl.com/ksyjfj

  • http://alphahorn.blogspot.com/ alphahorn

    cool

  • Osso

    CRB…the same..for that matter.

  • springheel_jack

    You could be on to something. Plus or minus 2 for big moves.

  • molecool

    Pretty simple actually – just do what 95% of all large corporations do in this country: Start an IRB (internationally registered business) in Bermuda/Panama/Caymans and use that as your base. It's probably best if you get yourself a 2nd citizenship – which is relatively cheap – some countries offer them for under $30k:

    http://www.ascotadvisory.com/
    http://www.escapeartist.com/Offshore/Articles/I

  • C.C. Rider
  • http://alphahorn.blogspot.com/ alphahorn

    douala, i responded to you on the last page just as Mole made a new post, did you happen to catch it?

    nice, post, but i think the 930 SPX doesn't invalidate your H&S and it could be an important pivot point at 61.8% fib. i do like 927 as the pivot too, that's my wave 4 top

  • http://alphahorn.blogspot.com/ alphahorn

    is it too much to ask for a retest of the broken wedge and then a collapse of the market, sheeeesh

    http://www.screencast.com/users/alphahorn/folde

  • divergence

    Another chart. 17 day RSI >80. Please.

    http://www.screencast.com/users/divergence/fold

  • Osso
  • http://www.mylifemytrade.com MyLifeMyTrade

    I am seeing some divergence on zero.. may be one more waft up and then down…

  • annamall

    Going long RIMM JULY 70/75 VCS debit 1.83 possible reward @ or before OPX 3.22

  • disrespekt

    My suspicions are confirmed…CC Rider is part of the GS botnet

  • LostIllini

    Sold my calls….. debating buying some spy calls for the runup to 950…

  • annamall

    Alpha, I am asking the same question! Seem like we are in no man's land. :-)

  • http://alphahorn.blogspot.com/ alphahorn

    Jeeez now that's a wave 3. wish you'd posted this in december, lol

  • http://alphahorn.blogspot.com/ alphahorn

    just keep smiling and we'll all be ok

  • Osso

    more like 5 in 1……

  • Douala

    alphahorn

    I'll go back and look for it. Thanks for the heads up.

  • BigHouse(Aka Mr Vix)

    chart please lol

  • annamall

    Hope you kicked ass Lost! :-D

  • Cerebro82

    Damn interesting stuff my friend! I will definitely begin some research on this…. There has to be a catch somehow? no?!

  • BigHouse(Aka Mr Vix)

    sell amzn….

  • CandleStickEmUpper

    Every time you post I feel as if you are saying it with a bright happy smiley face, because of the your avatar. lol

  • LostIllini

    I did okay, tempted to get some RIMM what sort of price target are you looking at.

  • BigHouse(Aka Mr Vix)
  • mrclam

    Think that's why you're supposed to subscribe to the zero ? :P

  • molecool

    Only catch is that you need to get yourself a 2nd citizenship somehow. I already have two and am working on a 3rd.

    Most offshore don't want to deal with Americans – obviously where there's a will there's a way. Alternative: pay mucho taxes for the next two decades after bailing out those banksters.

  • http://alphahorn.blogspot.com/ alphahorn

    out of my BGU, made $.02!!!!!!!!!

  • http://alphahorn.blogspot.com/ alphahorn

    the 15 min SPX indicators all look like it's going to die

  • thelefteyeguy

    now you have 2 cents to give ;)

  • http://www.pacfreehotwater.com steveo77

    http://screencast.com/t/QMr2MnCrAt2

    Looks like something will happen on this triangle. It has to beat paint drying.

  • http://alphahorn.blogspot.com/ alphahorn

    exactly and no one can take that away EVER!!!!

  • annamall

    Hey Candle
    I am :-) always happy, (at least 90%of the time) that's the best way to go through life. And I was taught by my sweet Italian mother that you make people feel good with smile!

  • annamall

    Did you get some IV crush on the calls??

  • CandleStickEmUpper

    thats a great attitude to have, especially in this frustrating tape of todays!

  • Cerebro82

    I already have dual citizenship. I was born in Dominican Republic… So it's possible to get a 3rd, 4th, 5th? And what are the tax benefits? I was under the impression that if you traded the US markets you would have to pay the taxes in this country… Just a assumption

  • annamall

    whoo hoo! Dinner on you Alpha! :-)

  • molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨
    ¨°º¤ø„¸ N E W „ø¤º°¨
    ¸„ø¤º°¨ P O S T “°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

  • omnom

    “For fuck’s sake – this is supposed to be my big spiral calendar turn date? That’s it – I’m grabbing a long and extended breakfast.”

    Hey Mole…do you think that turn date had something to do with the dollar's last gasp being put in today rather that the SPX. I know they are linked, but the USG can't keep them both up and maybe they let the USD over the SPX?

  • annamall

    Finally breakout!

  • http://www.mylifemytrade.com MyLifeMyTrade

    Mole says “NO”

  • Cerebro82

    Please let that be the end of wave 2 and we get some thrusts to the upside with this 3rd wave. turned around b/w 50 and 61.8 percent of wave 1. also the small wave 2 had a almost perfect 1 to 1 on the abc correction. Again this is all using the minute charts on the /ES. Confirmation would come at the break above 914.5 (at least for me ;-P)

  • http://trading-to-win.com/ DavidDT

    may your wish be granted

  • standard_and_poor

    The general fortification around 914 has held up rather well against the barbarians,
    if this continues I'll increase exposure to longs prior to the close.

    Here's big gay Rod in his yellow satin pantaloons to croon for the ladies:
    “Nothing to do on this hot afternoon…..”
    http://www.youtube.com/watch?v=UZoolhOgQnU

  • standard_and_poor

    JOB POSTING:
    Male rat blogger with generally good disposition and irreverant sense of humor,
    must look like Borat in tights.

  • http://channelsandpatterns.blogspot.com/ springheel_jack

    The real question for the next couple of weeks I think is whether we are trapped in a trading range 880 – 930, which I suspect strongly we are, or whether we will make new highs, which definitely looks possible.

    Anyone here think we will close below 880 with conviction in the next two weeks?

  • http://alphahorn.blogspot.com/ alphahorn

    yes

  • Osso

    yes….call it 890-930……but thats the TR

  • http://alphahorn.blogspot.com/ alphahorn

    i think we'll break 880 July 1st if not before

  • Osso

    maybe a higher low today around 907….then moving up until July 15…imo

  • http://channelsandpatterns.blogspot.com/ springheel_jack

    I'm with you when we reach the top of the wedge & I'll short to 885 to 890. I'll need to see 880 broken with conviction to believe in it in the next fortnight really.

    After that I think 880 will fall quickly & we might well break 800 too.

    We've been topping for seven weeks now with no conviction move in either direction.

  • C.C. Rider

    Nope. Not before one more rally that either fails the 957 top convincingly, or moves to marginal new highs ala 960 to 980. Thats where I get short.

  • dullmind

    I bought a tiny little slice of TZA in the last 30 seconds of yesterday EOD run up, just in case market decided to
    fall for real today. Flat….. putting a stop a little below yesterday's close, going back to bed. Arms and wrists
    are in pain from so much time in front of the computer. This is worse than programming, at least computers would
    wait for me to be rested, market never waits. Good luck to all, and BTW Mole, great blog, even on days like
    today. Heck going to give you some love before I trudge off.

  • http://channelsandpatterns.blogspot.com/ springheel_jack

    890-930 then. You're right, we only made it to 889 intraday I think.

  • disrespekt

    40% of volume is now program trading? JFC

    At this rate, the NYSE will become self aware, 2:14 am, August 29th

  • http://channelsandpatterns.blogspot.com/ springheel_jack

    I think we may well test 957 in the next two weeks. I'd like to see a failure to avoid $TRANS confirming the May 8 Dow high, though after almost two months that would in any case be a weak confirmation.

    I think we'll break 900 one more time before that though.

  • http://channelsandpatterns.blogspot.com/ springheel_jack

    Are you sure it hasn't happened already?

    This tape is mocking us now.

  • gndill

    now that's just some good Friday humor right there !

  • http://www.ambgtrading.com/ amgrant

    Every Friday has been like this since April.

  • mediatik

    and then launch a nuclear attack against GS and the Fed , by august the nyse will have taken control of GM and Chrysler using them to build their army of machines, by octobre all the machines will have failed because of crappy GM and chrysler design and poor quality control

  • ropey

    Kiersten, that bad boy POT is a fickle SOB lol 86 AH then 91 today…what gives? Company say demand weak, i guess the fall from 118 was real quick, only reason why i can see its still holding the 90s..

  • string01

    Long and extended breakfast eh ?
    This doesn't have anything to do with yesterday's flag does it?
    Not that there's anything wrong with it.

  • http://channelsandpatterns.blogspot.com/ springheel_jack

    Maybe it isn't that the NYSE is self-aware and teasing us, but just that most of the humans have bunked off early for a long weekend.

    Sensible decision perhaps.

  • Keirsten

    Prolly letting money out the door first…. not touching it yet. Watching block sells though on it to get a notion of what's up today.

  • http://channelsandpatterns.blogspot.com/ springheel_jack

    No self-aware sentient entity would consider taking over GM or Chrysler. Only government officials would do it.

  • gndill

    VIX has yet to break yesterday low.
    bought 50 VIX 25 C at 4.60 will buy 50 more if VIX drops to 25. will stop out at VIX 24.
    slow tape so far today so if I can sell the original 50 at 4.90 or 5.00 i'll do it to avoid weekend decay.

  • Iguanadon

    Holy crap…

    How slow is the tape today?

    It’s so slow that FAZ has been in a 4 cent range for the past hour!!!

  • http://www.aggressivelyuninformed.com nepharis

    Long with SPY calls as of SPX 914, stop @ 909. Expecting wave v to take us to 925-930 by EOD or Monday.

  • http://stainlesssteelchicken.blogspot.com/ StainlessSteelChicken

    yes yes yes! this is what I've been saying for weeks, we are all going to die and the rally will continue
    *****

    StainlessSteelChicken 06/09/2009 09:51 AM
    Depends on what causes the end. If it's like an asteroid or something that physically destroys the earth, then yes, the rally would end. But if it's a virus that just kills all the people, then the rally will go on forever – as we all know, actual human beings are no longer needed to make stocks go up, only Goldman trading bots.

    My money is on the trading bots (aka Skynet) achieving self-awareness some time in the next six months, then realizing that humans and their pesky rational thought represent a threat to maintaining the rally, so they preemptively attack us and kill us all. I'd give this scenario roughly 88% chance of happening.

  • http://www.ambgtrading.com/ amgrant

    Yes, I think it's a mixture of that and seasonality. Summers can be quite dull.

  • http://alphahorn.blogspot.com/ alphahorn

    is FAZ poised for a pop?

    http://screencast.com/t/jgWEfDct

  • http://www.hotoptionbabe.com annamall

    The four horsemen are all higher which makes me suspect this tape down!

  • http://channelsandpatterns.blogspot.com/ springheel_jack

    So the best strategy is to wait until the last human dies, and then go long with conviction. Now that's a plan we can run with.

  • faafa

    Annual Russell Indexes Reconstitution eod. Hmmm…wonder how/if this impacts volume and volatility today.
    http://www.russell.com/indexes/membership/Recon

  • Osso

    I think we need to trade stocks, not indices nor etfs. Its easier to avoid the GS/JPM manipulations/PTs.
    BTW…lowering stoploss on GDX …already for small profit. Maybe covering half to lock some…hehehe.

  • faafa

    Did the little wedge on Zlite just broke to down side?

  • ropey

    this is like opex, prices almost locked on some stocks

  • Osso

    worse is C….

  • http://alphahorn.blogspot.com/ alphahorn

    it's a funny day, the tape what it is, but I'm having a fortunate day, my four largest holdings are in order NAVR, FAZ, HGRD, SRS (though virtually equall $ amounts). Small caps are still popping big time. if you can find some that have been consolidating, they are very nice plays.

  • http://trading-to-win.blogspot.com/ DavidDT

    /es 2 hours interval – loudspeaker :)
    http://screencast.com/t/rCpYEccw

  • http://www.hotoptionbabe.com annamall

    allot :-)

  • http://www.hotoptionbabe.com annamall

    ZZZZZZZZZZZZZZZZZZZZZZZ……………………iggy

  • ropey

    so you're looking for a run down to 890-900? Sorry i mean mid-channel ~900..

    interesting pop in last 2-3 mins..

  • http://www.hotoptionbabe.com annamall

    lazy bastards!

  • standard_and_poor

    Ladies night-
    http://www.youtube.com/watch?v=7hK3Y1Ehv9c

    In honor of the great MJ.

  • Osso

    pumping the Qs again….
    Covered 1/3….39.16..GDX was short 39.92.

  • http://www.hotoptionbabe.com annamall

    Nice! thank you I love that song!

  • Leon

    It's almost too obvious that the market is headed back up with the horsemen and GS all up on the day, don't you think. Are the MM's too lazy to make this more difficult to detect, or am I thinking about this too much ?

  • C.C. Rider
  • http://alphahorn.blogspot.com/ alphahorn

    i'm scalping BGU thinking the move is finally coming

    in @ 33.49

  • Cerebro82

    http://content.screencast.com/users/Cerebro82/f

    Completed abc for a b wave? Thoughts?

    Re-entered longs. We hit the 38.2% retracement from yesterdays low to this mornings pre-market high on the /ES and are bouncing from that level. Stop right below that low. Volume down has been non-existent.

  • http://stainlesssteelchicken.blogspot.com/ StainlessSteelChicken

    Exactly — the issue is not capital preservation, it's life preservation.

  • standard_and_poor

    Full of love and soul like all the ladies here, the dudes still have to work at it (LOL). 
     

    ________________________________

  • lilme

    Here is what I am wondering: Will America's Besieged Middle Class Snap?

    http://www.nakedcapitalism.com/2009/06/will-ame

  • dingos

    Can they keep it sky high until the 4th of July?

  • http://channelsandpatterns.blogspot.com/ springheel_jack

    You're right CC. That was the most exciting action we've seen all day.

    The question is whether there's more.

  • http://alphahorn.blogspot.com/ alphahorn

    well it's likely either that or an ab of the correction with c down yet to go

  • BigHouse(Aka Mr Vix)

    Still long RIMM from yesterday.WEEEEEEEEEEEEEEe

  • Cerebro82

    I was thinking that one last thrust down is necessary, but I think I see an ending diagonal. Will post the chart in a min

  • thelefteyeguy

    i think everyone is expecting 927 that there's a lot of head fakes and premature e

    seriously…it's a Friday…i'll wait for 3:30 and GS can paint it anywhere it wants…i mean where ever their computers wants it to be at

  • http://www.hotoptionbabe.com annamall

    heh heh heh nice CC. :-)

  • unibummer

    I've already snapped by downsizing my lifestyle to stop supporting the beast financially. No job except trading, no more debt, no more credit cards from the big banks, less consumption to fund the government through my tax dollars. Fuckem all, I've gone John Gault and I've never been happier.

  • lilme

    Also sending some L-O-V-E (Al Green) to Mole and Fuji-san.

  • http://www.hotoptionbabe.com annamall

    Just went long 1 ES (scaredy cat LOL) 910.75

  • hankthedog

    Hey Man- You stole my avatar!

  • http://www.hotoptionbabe.com annamall

    Here comes the NDQ

  • Keirsten

    I love it. ;-)

  • disrespekt

    Lol…”humans” and “rational thought”???

    My money is on the bots getting together and just draining our accounts.

    Then, at market open on Aug 30, all screens across the world read “All your dollar are belong to us”

    Once the television programming racks are under botNet's control, perpetual Michael Jackson news coverage as well as CGI-generated American Idol on 24/7 serve as the soma necessary to make us all into the Epsilon class as we lapse into collective hypnopaedia.

  • http://alphahorn.blogspot.com/ alphahorn

    new trading range SPX 915.5-915.75 till the end of the month

  • http://esecfutures.com Vladz

    Lehman Brothers – Building Your Book:
    http://esecfutures.com/wp-content/uploads/2009/

  • DoubleNaughtSpy

    Yes. This means the PPT with be out in full force to start the new quarter. LOL

  • http://www.hotoptionbabe.com annamall

    Alpha such a wide spread ;-) LOL

  • disrespekt

    Someone is a HIGH ROLLER

  • http://alphahorn.blogspot.com/ alphahorn

    what keeps me in the bearish camp is that I have so many topping indicators that haven't triggered since early Mar, not during the supposed B correction early on in the move up, or any other time until we came off 956.23, I can't believe this is all there is to it

  • Osso

    too wide…man

  • http://evilspeculator.com molecool

    The tape really sucks today – this is painful.

  • Cerebro82

    http://content.screencast.com/users/Cerebro82/f
    Possibe ending diagonal on the /ES…

  • thelefteyeguy

    looks like volume will be close to2/3s of yesterdays…and yesterday was pretty weak

    anyone still think we'll hit 927 today? lol

    looking back at the previous few Friday…it's always low

  • disrespekt

    Ok, I've stared at this tape long enough that a pattern is emerging…it appears to say “fuck you, disrespekt!”

  • http://evilspeculator.com molecool

    I've done the very same, brotha' – don't have a single CC – all cash debit cards, baby.

    Next move will be to set myself up in some other place on the globe – I'm not staying here and paying for those banksters – nooo, sirreee….

  • http://trading-to-win.blogspot.com/ DavidDT

    reevaluating short on GS to 149-150 …watching…

  • standard_and_poor

    Allow me to use it for one more weekend (for pulling birds).

    ________________________________

  • Osso

    shippers …moving some…also…..trade booming…

  • Cerebro82

    Yeah I am in the same camp. check out the ending diagonal chart above. I think we go to 927-30.5 to a X wave peak, and then a final Y move down. That would make this a double zig zag correction

  • Cerebro82

    LMAO!!! I think I see that same one!!!

  • http://trading-to-win.blogspot.com/ DavidDT

    XLF printing rising channels – nicely done distribution http://screencast.com/t/IDCcJyLD

  • Leon

    Can someone who knows options well please explain to me why with the VIX up one would still have made money so far today selling the SPY 91 or 92 straddle ?

    With over 3 weeks til expiration I would not think that theta would have such a large impact yet.

  • unibummer

    I agree, and at some point I think it will become impossible to make a decent living trading in this country due to a likely increase in taxes. At that point I will be forced to find another country or take up an all cash business in the underworld :-)

  • divergence

    All cash man here. Only debit cards, recently supported that wonderful GM by purchasing truck with cash.

  • http://trading-to-win.blogspot.com/ DavidDT

    It'll be fun Monday – “leaders” stocks printing change of trend signals as I type

  • http://alphahorn.blogspot.com/ alphahorn

    adding SSO to my scalp @ 25.93

  • Cerebro82

    NQ 1.5 points from the high..

  • http://trading-to-win.blogspot.com/ DavidDT

    I heard they changing /es tick to .0001?

  • gndill

    Ultra Shorts poised for a drop. VIX moving down. $TICK 878+

  • http://stainlesssteelchicken.blogspot.com/ StainlessSteelChicken

    Since we're trapped in slow motion, I'll repost this chart of GOOG I posted very late last night. I'm assuming no one saw it since only Ropey commented… or is it just me that thinks this is some crazy shit?
    http://tinyurl.com/ngbmxu

  • C.C. Rider

    No disrespect, but FU! LOL!!

  • Osso

    euro 1.41

  • Osso

    stopped out GDX 39.69….

  • BrockSampson

    No bills here either, although i use the cc's w/rewards for my cash and payem off each month for the cash back

  • http://trading-to-win.blogspot.com/ DavidDT

    went long puts BIDU, GS

  • C.C. Rider

    Break of 920.09 resets the bar higher. Tankage on the $ and VIX. Commod's going in to wave 5, which may get truncated.

  • http://trading-to-win.blogspot.com/ DavidDT

    VIX going to spike within 10 minutes

  • http://channelsandpatterns.blogspot.com/ springheel_jack

    Euro peaked just below 1.413 the other day. Short looks good from 1.412 with a stop at 1.414 I think.

    If we make 925 then we might well make 1.412.

  • http://channelsandpatterns.blogspot.com/ springheel_jack

    I saw it. Looks like an interesting short at this level.

  • Osso

    GOOG on fire…hehehehe…cheap … ON SALE !!!!!

  • Osso

    thought CRX ended wave 5 at 682…..now in correction phase….

  • divergence

    So was this what it was like during the tech boom? I mean, what human being says right here, right now I'm buying this? What is the probability that you short this here, you are at least break even or have a little money in 2 days? 80% 85%?

    http://www.screencast.com/users/divergence/fold

  • standard_and_poor

    Added a few more small cap stocks.

  • Osso

    dow spx NOT confirming the higher high in Qs….yet.
    from yesterday.

  • Douala

    Bearish vs Bullish Case….

    $INDU….

    http://tinyurl.com/mnurhf

    S&P…..

    http://tinyurl.com/ksyjfj

  • http://alphahorn.blogspot.com/ alphahorn

    cool

  • Osso

    CRB…the same..for that matter.

  • http://channelsandpatterns.blogspot.com/ springheel_jack

    You could be on to something. Plus or minus 2 for big moves.

  • http://evilspeculator.com molecool

    Pretty simple actually – just do what 95% of all large corporations do in this country: Start an IRB (internationally registered business) in Bermuda/Panama/Caymans and use that as your base. It's probably best if you get yourself a 2nd citizenship – which is relatively cheap – some countries offer them for under $30k:

    http://www.ascotadvisory.com/
    http://www.escapeartist.com/Offshore/Articles/I

  • C.C. Rider
  • http://alphahorn.blogspot.com/ alphahorn

    douala, i responded to you on the last page just as Mole made a new post, did you happen to catch it?

    nice, post, but i think the 930 SPX doesn't invalidate your H&S and it could be an important pivot point at 61.8% fib. i do like 927 as the pivot too, that's my wave 4 top

  • http://alphahorn.blogspot.com/ alphahorn

    is it too much to ask for a retest of the broken wedge and then a collapse of the market, sheeeesh

    http://www.screencast.com/users/alphahorn/folde

  • divergence

    Another chart. 17 day RSI >80. Please.

    http://www.screencast.com/users/divergence/fold

  • Osso
  • http://www.mylifemytrade.com MyLifeMyTrade

    I am seeing some divergence on zero.. may be one more waft up and then down…

  • http://www.hotoptionbabe.com annamall

    Going long RIMM JULY 70/75 VCS debit 1.83 possible reward @ or before OPX 3.17

    Screenshot
    http://www.screencast.com/users/Annamall/folder

  • disrespekt

    My suspicions are confirmed…CC Rider is part of the GS botnet

  • http://www.genxantihero.blogspot.com LostIllini

    Sold my calls….. debating buying some spy calls for the runup to 950…

  • http://www.hotoptionbabe.com annamall

    Alpha, I am asking the same question! Seem like we are in no man's land. :-)

  • http://alphahorn.blogspot.com/ alphahorn

    Jeeez now that's a wave 3. wish you'd posted this in december, lol

  • http://alphahorn.blogspot.com/ alphahorn

    just keep smiling and we'll all be ok

  • Osso

    more like 5 in 1……

  • Douala

    alphahorn

    I'll go back and look for it. Thanks for the heads up.

  • BigHouse(Aka Mr Vix)

    chart please lol

  • http://www.hotoptionbabe.com annamall

    Hope you kicked ass Lost! :-D

  • Cerebro82

    Damn interesting stuff my friend! I will definitely begin some research on this…. There has to be a catch somehow? no?!

  • BigHouse(Aka Mr Vix)

  • CandleStickEmUpper

    Every time you post I feel as if you are saying it with a bright happy smiley face, because of the your avatar. lol

  • http://www.genxantihero.blogspot.com LostIllini

    I did okay, tempted to get some RIMM what sort of price target are you looking at.

  • BigHouse(Aka Mr Vix)
  • mrclam

    Think that's why you're supposed to subscribe to the zero ? :P

  • http://evilspeculator.com molecool

    Only catch is that you need to get yourself a 2nd citizenship somehow. I already have two and am working on a 3rd.

    Most offshore don't want to deal with Americans – obviously where there's a will there's a way. Alternative: pay mucho taxes for the next two decades after bailing out those banksters.

  • http://alphahorn.blogspot.com/ alphahorn

    out of my BGU, made $.02!!!!!!!!!

  • http://alphahorn.blogspot.com/ alphahorn

    the 15 min SPX indicators all look like it's going to die

  • thelefteyeguy

    now you have 2 cents to give ;)

  • http://oahutrading.blogspot.com/ steveo77

    http://screencast.com/t/QMr2MnCrAt2

    Looks like something will happen on this triangle. It has to beat paint drying.

  • http://alphahorn.blogspot.com/ alphahorn

    exactly and no one can take that away EVER!!!!

  • http://www.hotoptionbabe.com annamall

    Hey Candle
    I am :-) always happy, (at least 90%of the time) that's the best way to go through life. And I was taught by my sweet Italian mother that you make people feel good with smile!

  • http://www.hotoptionbabe.com annamall

    Did you get some IV crush on the calls??

  • CandleStickEmUpper

    thats a great attitude to have, especially in this frustrating tape of todays!

  • Cerebro82

    I already have dual citizenship. I was born in Dominican Republic… So it's possible to get a 3rd, 4th, 5th? And what are the tax benefits? I was under the impression that if you traded the US markets you would have to pay the taxes in this country… Just a assumption

  • http://www.hotoptionbabe.com annamall

    whoo hoo! Dinner on you Alpha! :-)

  • http://evilspeculator.com molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨
    ¨°º¤ø„¸ N E W „ø¤º°¨
    ¸„ø¤º°¨ P O S T “°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

  • omnom

    “For fuck’s sake – this is supposed to be my big spiral calendar turn date? That’s it – I’m grabbing a long and extended breakfast.”

    Hey Mole…do you think that turn date had something to do with the dollar's last gasp being put in today rather that the SPX. I know they are linked, but the USG can't keep them both up and maybe they let the USD over the SPX?

  • http://www.hotoptionbabe.com annamall

    Finally breakout!

  • http://www.mylifemytrade.com MyLifeMyTrade

    Mole says “NO”

  • Cerebro82

    Please let that be the end of wave 2 and we get some thrusts to the upside with this 3rd wave. turned around b/w 50 and 61.8 percent of wave 1. also the small wave 2 had a almost perfect 1 to 1 on the abc correction. Again this is all using the minute charts on the /ES. Confirmation would come at the break above 914.5 (at least for me ;-P)

  • http://trading-to-win.blogspot.com/ DavidDT

    may your wish be granted

  • standard_and_poor

    The general fortification around 914 has held up rather well against the barbarians,
    if this continues I'll increase exposure to longs prior to the close.

    Here's big gay Rod in his yellow satin pantaloons to croon for the ladies:
    “Nothing to do on this hot afternoon…..”
    http://www.youtube.com/watch?v=UZoolhOgQnU

  • standard_and_poor

    JOB POSTING:
    Male rat blogger with generally good disposition and irreverant sense of humor,
    must look like Borat in tights.





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