Better Things To Do…

1:40pm EDT: Frankly, I’ve got better things to do than to watch this crap tape – this is getting painful. Trying to keep productive, so here’s something to chew on for your channel surfers:

Anyway, I’ve got some reading to catch up on and then there’s that Steven Seagal movie Mrs Evil refuses to watch with me. So, I’ll be pretty quiet until the bell when I’ll post the daily wrap up.

I studied Aikido for several years and – no matter what you think about Steven the man or his corny movies – he’s one of the best martial artists I have ever seen. He goes way back and studied with O-Sensei back in the days – he’s one of the highest ranking Aikido experts outside of Japan.

The problem with Aikido is that it doesn’t work very well on the big screen – because the techniques are very subtle and fast – however, extremely efficient and painful (trust me). I remember seeing several ‘big tough guys’ come to the dojo and try their luck – most of them never came back.

What I loved most about Aikido is that it was completely different than any other martial arts I ever studied before. It felt like I had to start from scratch all over again. There were plenty of times when I felt so humiliated that I left the dojo with tears in my eyes – which I had barely held back during the session. It wasn’t the physical abuse – it was all mental. My Sensei was extremely tough on me and made my life hell which I deserved – he systematically chiseled down my ego piece by piece. Probably some of the worst and best times of my life. I later realized that he probably cared more about the ones he criticized than the one’s he praised.

My Sensei was very traditional and taught ‘Eastern Style’ – so, he was very tough and didn’t care about being your buddy. He was also an ordained Buddhist priest and you basically could not make up a better martial arts instructor – he was Mr. Miaggi on steroids.

Kensho Furuya - my late Sensei

The day of his death he was at the dojo teaching – after the class he sat down and had a little chat with his students. One of them pulled a little joke and he laughed – fell over on his face – and died – heart attack. Can you imagine a better death? At his funeral I cried like a baby – realizing that I had lost something that could not be replaced.

Many of the lessons I learned in Aikido I have taken into trading – in a way trading is the art of blending your activities with the gyrations of the market. You cannot fight it head on – you kind of ‘ride along’ and you cannot use brute force.

Let the market do the moving for you. Hey, that sounds like a Zen riddle to me ;-)

3:03pm EDT: Geronimo just scalped its 6th winner in a row – sweet! :-)

3:55pm EDT: Geronimo profit graph – manually tracked by our intrepid Eric:

This entry was posted on Friday, June 26th, 2009 at 1:42 pm. Both comments and pings are currently closed.



  • 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

    Enjoy you Martial Arts freakazoid! heh heh! :-D

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

    have it your way Mole there PENNIES to be made scalping out here today

  • Cerebro82

    Please Lord, let something happen at 2pm. Show your hand someone please! this is gettting ridiculous to watch.

  • rhae

    yes pennies, so far today I am up $18.50, hedges working, lol

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

    Transports look like they might be putting in a diamond top

  • fuzzygreysocks

    http://tinyurl.com/l34ne5

    Considering the current poor status of assorted long term charts I think it prudent to consider a 5count Wave may be on the table.

    I'm short the market via FAZ & EDZ, but still remain about half cash.

    If SPY does fail at count 4 I'll add some more, however, the ISM & NFP estimates going into JUL do look favorable.

    I could have argued this point at the early MAY spike, but there was also some decent econ news coming up, so I didn't. But now the $NYMO, $NYSI, $BPSPX & $SPXA50 have all gone sour, so… now is different.

  • http://es seawolves

    rhae how much is that a year ?

  • MaxPainMan

    ho hum… yaaaaaawn…
    long /ES @ 911
    stop @ 908

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

    Out. To the movies. Hangover it is! Que lastima!

  • BigHouse(Aka Mr Vix)
  • http://trading-to-win.com/ DavidDT
  • LostIllini

    Meh… Taking the rest of the day off, I will wade through some setups this weekend and see if there is anything worth taking. Cash is a position.

  • Osso

    otro dia..cc

  • http://www.cafes.net poisonfrog

    Be careful what u wish for.

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

    OIH re-short?
    http://screencast.com/t/pDDjJooLB6
    100.26
    May be I will start weekend too

  • annamall

    IMHO we will get al late day rally. The NDQ will be the leader and we should be at least flat if not green. Got my RIMM VCS and that is doing nice, my APPLE July 140/145 is smoking so I can't complain
    Still have my ES long from 910.75

  • standard_and_poor

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

  • annamall

    heh heh heh I know who could fit that profile ;-) Wish he would come back!

  • springheel_jack

    Is that the single ES. Last of the big spenders!

    I think they're just waiting until everyone's definitely asleep.

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

    watch the SPX on the 15 min chart the dag gum RSI is just skimming across the 50 line, will it breakdown or ultimately bounce off. Just make up your mind!!!11

  • PeterK80

    Dear God this tape is actually physically painful…

  • Osso

    computers are on a draw.

  • lilme

    Maybe Mole could set up a translation button and we could all learn otra lingua while we die of boredom some days.

  • 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

  • annamall

    heh heh yes, what a cowardly lion right?

  • Douala

    mole

    You are a very fascinating & complex individual. I am curious is your wife American or European?

  • Blind_Squirrel

    I was just going to post his resume and photo!!!

  • springheel_jack

    Bolder than me. I'm just watching so far.

  • Keirsten

    BS- do you still have that funny link of the girl who sings about throwing up in her mouth. (sorry everybody, no better way to explain it.) I can't find it.

  • standard_and_poor

    MUST BE ABLE TO CONSUME VAST QUANTITIES OF LOBSTA AND BUTTA IN A SINGLE SITTING.

  • bullethead

    Nice post, thanks for sharing.

  • standard_and_poor

    must be able to schmooze any figure of authority no matter how repulsive.

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

    not so sure about that, sorry
    Well – I seems to be the only person on the face of this planet who spent entire day positioning short :(
    http://screencast.com/t/ql87OiFC

  • http://www.facebook.com/screasy v8muscle

    How are you guys holding up? I just switched my entire account over to FX and got it up and running yesterday. Takes lots of discipline and risk management to say the least, but I'm liking it so far. I'm now in sunny (aka hot as shit) Tallahassee Florida at Florida State for my graduate program, and I really am enjoying the scenery so far if you know what I mean ;-)

    Anyways, just wanted to stop in and say hi. Good luck guys!

  • standard_and_poor

    MUST BE ABLE TO KEEP BEAT TO ANY OF JIMI'S TUNES AND TYPE SUGGESTIVE LEWD ACTS TO FEMALE RATS AT SAME TIME WITHOUT SKIPPING A SINGLE BEAT

  • rhae

    not sure, but should keep me in Beer and Pizza

  • springheel_jack

    Hey V8, good luck with the FX. You long or short USD the next few weeks?

    You're going to be popping back in from time to time I hope?

  • ropey

    awesome sauce…..i'm just trying to figure out whether they're gonna throw a backtest against the channel breakout early next week or do the run to 925-930 first…

  • annamall

    and vast quanities of XXX-dirty martini's LOL

  • standard_and_poor

    must be able to shoot blind squirrels with 22 behind his back with one arm whilst skinning other squirrel and firing up the barbie with other hand

  • annamall

    BS I just asked him (the job applicant ;-)) where you were?

  • faafa

    Just got back from lunch and saw the Zero signal. It looks like a rail road track. Have not seen this many pink bars in one day.

  • annamall

    aaarrrrgghhhh just had lunch…LMAO heh heh

  • annamall

    Well then I don't feel so cheap anymore ;-)

  • CowardlyLion

    I've grabbed some SKF calls today, and been churned out when I tried to establish some NQ shorts. Not much confidence in it tho.

  • KidDisco

    That's a divergence on zero lite, no?

  • standard_and_poor

    MUST BE ABLE TO CALL AT LEAST 20 TOPS PER DAY WITH THE
    USE OF AT LEAST 100 INDICATORS AND IMMENSE SUM OF RED ARROWS UNTIL COMPUTER RUNS OUT OF RED

  • annamall

    Ropey I can't see the 4 leaders of the NDQ busting higher and the SPX not breaking out. I definitely see Apple at 145 by July opx and Rimm at 75
    how are you positioned?

  • Keirsten

    You have to see it though- she's just “singing” about it- it's hysterical. You'll totally LOL.

  • Leon

    Hey Anna are you following Ace Traders today ? I started following the site recently and asked to be invited but did not get one.

    Just curious if it is still pretty busy over there today in terms of the number of people posting.

  • Iguanadon

    Mole, I've never studied any of the martial arts… well Judo when I was about 10 years old, but I've always been impressed by all of the masters. I absolutely agree with you about Steven Seagal, he is the best. My wife refuses to watch anything with him in it also. She's a Clint Eastwood nut. ;-)

    Sure, Chuck Norris and Jean Claude, etc, etc are kick-ass in their respective realms, but the smoothness and fluidness (is that a word) of Aikido mesmerizes me. If you can call it beautiful, it really is graceful. It doesn't make for great action in movies as you mentioned but Seagal did the best with it.

  • ropey

    the problem is fighting the eom bullishness, i seem to fall on it time and again…i've hedged for the downside just incase, i like your GS potential short, the indicators are screaming overbought but the pattern is still pretty bullish….

  • annamall

    Hey David, its just that the chart looks like H&S forming and with the light volume, they will take the tape to that 930 or so mark to at least finish the right shoulder by OPX.

    But that's what makes a market place, we love you. :-D

  • standard_and_poor

    must be able to engage in idle banter and insults with standard_and _poor and not get his feelings hurt

  • eunsuh

    the eur/usd has flatlined, and should launch into wave 3 of 5….hopefully today. I guess the MMs are waiting for the right time. 2 of 5 finished at 2pm….and has been flat since. Who says these markets are not manipulated!!!

  • ropey

    keep us posted on how it goes, i'm thinking of switching to fx aswell once the option becomes available.

  • annamall

    No Leon, I haven't been over there. Did he change his format? I heard he was.

  • annamall

    hey K, if you find it please post, I need a good laugh!

  • http://www.facebook.com/screasy v8muscle

    Right now I'm long EUR/USD just because of the big bullish channel we've been playing. Its looking like we have a good shot at a pullback though because we havent busted through the 50% mark on the channel with any gusto. And I'll definitely be stopping in between my insane schedule of classes and throwing in my analysis whenever I have the time to do some! I love this place too much to just leave completely hahaha

    EUR/USD chart: http://screencast.com/t/UkV807ezaw8

  • Leon

    Yes I believe he changed it starting today to invitation only, unfortunately for me. I'm not that experienced of a trader so I don't post much, but really learned a lot following the people over there, many of whom used to post on Xtrends.

  • ZeroPointMind

    My neck of the planet.
    FSU was once an all girls school its still babe central.
    Check out some of the sinkholes south of Tally.
    Cool water as they are deep and the women wear little if anything.
    You can cool off and heat up at the same time….

  • annamall

    Sircallsallotoftops!!! heh heh

  • annamall

    V8 where have you been hiding?

  • http://www.facebook.com/screasy v8muscle

    lol! I'll definitely keep that in mind, I'm kinda scared of the alligators though so it might take some convincing to get me to swim somewhere that isnt a pool hahha

  • ropey

    i have never seen such beverages in the bars here lol what makes em dirty? lol

  • Keirsten

    Pester BS- he's the one with the goods. :-D

  • standard_and_poor

    ONCE MORE AS REQUESTED PER POPULAR DEMAND,
    DEDICATED TO MOLE AND KATZO:

    http://www.youtube.com/watch?v=D1PY6REGVFU

  • Keirsten

    Who's S&P, and what did Jimi do with him?

  • http://www.facebook.com/screasy v8muscle

    Been on the road from Sunday-Tuesday and just finally got settled in to my apt down here in FL! Couldnt trade last week much either bc I was packing/switching my account over to fx. I missed all you guys though so I had to post!

  • ZeroPointMind

    They cannot get out of a sink hole so they stay away but there are some 10 to 12 footers around so ponds and lakes require caution.
    Mostly they want to eat your pets.

  • http://www.facebook.com/screasy v8muscle

    definitely will do, FX is pretty nice if you have daytrade restrictions and such. I'm doing fairly well so far even though I've only been trading reeeeaally small amts to get used to it.

  • annamall

    Wow what year was that movie Molester, looks like Steven Seagull is very young!

  • annamall

    We missed you too! Felt empty here w/o you. let me know how you like FX. I always wanted to get into that. You can trade 24/7 right?

  • Squidman

    Let me know what you think about Fujisan's strategy. She uses Person's Pivots on the GBP/JPY. Wait for doji after 4pm, go opposite till R1/S1. Should be the same I would think. I've been following and it's really nice. You are a lucky dog, good luck and enjoy!

  • Osso

    VIX LOD…26.21

  • http://www.facebook.com/screasy v8muscle

    hahah! I'll keep you all updated. And most brokers only trade 24/5 but there are a few (ones that are more for institutional investors and big accounts) that offer 24/7 trading.

  • thelefteyeguy

    it's 3est…that's when the shit happens

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

    AAPL getting ripe…
    http://tinyurl.com/n432dp

  • http://www.facebook.com/screasy v8muscle

    hm interesting, i need to re-read her posts on that. good call

  • annamall

    Here we go I think this time. (finally) :-)

  • annamall

    that's what I have on Apple a 145 price target

  • thelefteyeguy

    what a pretty chart

  • ropey

    Biggest position is long spy at the mo but i have some credit spreads in the upper 93s….i have a mixed bag on GS couple of ITM puts at 150 and calls at 145, the pattenr is bullish but the stochs are maxed so wanting to see some kind of pullback..guess it aint gonna be today but i should be able to profit on the any surge into the close..

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

    Man, it needs to hit the gas already… I'd much rather short from a few points higher… go go go!

  • MaxPainMan

    rallying on light and decreasing volume though… should i cash in my /ES longs?

  • DoubleNaughtSpy

    Anyone else besides me see a rising wedge on the $RUT and SPX? I say the RUT turns around and heads lower at the 912ish level, and the SPX at the 930ish level.

  • molecool

    See above – Geronimo just scalped its sixth winner in a row.

  • molecool

    Probably back in the late 80s.

  • Autopsias

    I sure did, in conjunction with my NQ longs that I got this morning at 1466!

    One more thing… One can only be amazed by Geronimo… Unbelievable!

  • molecool

    LOL – it's the track leading into the cave of doom.

  • MaxPainMan

    Mole, would you please update the Geronimo and Evil.* historical returns charts?
    (in your tons of extra time)

  • Lordted

    You can't do that… A classic.

    Have a good weekend Amarica. Here is one of my Jacko favourites: http://www.youtube.com/watch?v=2fjpJBxkbU4

  • standard_and_poor

    Now we're cooking, called for green day in morn, almost there.
    69

  • MaxPainMan

    i'm out.
    100% cash

  • Lordted

    Aren't any of you guys old enough to remember Bruce lee… The fastest fist in the west.

  • itsgold

    Some boring tape today. I guess that's what summer friday's are all about.

  • Iguanadon

    Absolutely, and for action martial arts, no doubt he was the best. My mom was into the martial arts and would take me to his movies. Will never forget watching him fight Kareen Abdul-Jabbar. :-)

  • standard_and_poor

    Yes he should be able to answer by that name.

    ________________________________

  • anthem

    Doesn't look too good. ES is holding but everything else is weakening. . .

  • standard_and_poor

    Yes the watercooler will be full of that stuff.
     

    ________________________________

  • PRSGuitars

    Something like this? (just checking, I saw it too but didn't know what to believe…)

    http://screencast.com/t/yeSYHrPFK

  • http://dreadwinaard.livejournal.com dreadwin

    This would have been video from the studio that he ran with with one of his martial arts brothers in Cali during the early to mid 80's.

  • http://dreadwinaard.livejournal.com dreadwin

    Video of Kareem vs. Bruce from Game of Death:

    http://www.youtube.com/watch?v=LsSoX6qB9N0

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

    At least XLF has a pair… finally turned green… fib fan waiting for it at 12.05, it would be great if it could make there today…

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

    Glad I waited till SKF dipped under 42 – it looks like $VIX might go up on Monday, also, last 10 minutes dumping on SPX screams “party is over” – we’ll know soon enough

  • annamall

    NQ leading the pack. anything could happen EOD. :-)

  • annamall

    Sorry Max, still in ES long. Got mesmerized watching ” Da Soprano's”

  • Cerebro82

    Any thoughts about the close.. Run or sidewayz action? Volume has been pathetic all day

  • DoubleNaughtSpy

    Yes, something like that. The RUT is a little clearer to me though.

    http://tinyurl.com/l445em

  • anthem

    No doubt you got that right. . . /ES has been driving me bonkers today. I stayed out except for getting some GS puts at 148. It's doing ok, right now so lets hope I don't jinx it.

    I think AAPL/NQ might pull the ES into even or slightly green today. At least it has the chance. Hopefully the divergence between GS and ES will play in my favor though.

  • thelefteyeguy

    hopefully GS paints the close up 7 points and then we gap down huge on Monday (like the previous 2 mondays)

  • anthem

    My guess is +- 2 points of yesterday for ES. Basically 914 to 917. . .

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

    i think it runs, it's having a tough time with 920, but i hope it a least touches 922.5

  • Iguanadon

    Alright, how about some Friday afternoon humor… Watch this local news story. If it's of the funniest things you've ever seen click on LIKE.

    You've never seen a bear climb a tree quite like this…

    http://www.fox8.com/search/wjw-blackbear-1007,0

  • standard_and_poor

    Thanks Lord Mellow!, that was nice.

     

    ________________________________

  • CandleStickEmUpper

    I think I will have a better time watching Transformers 2 than this tape, and that movie has gotten pretty bad reviews from the critics

  • anthem

    Well since I'm short GS@148, I will have to hope for my outcome over yours :-)

  • http://www.pacfreehotwater.com steveo77

    Mole, I have the same Aikido story for myself in Hawaii…good stuff. When the market is insane, find your center…..

  • disrespekt

    Why are you guys talking about these actors? You want realistic martial arts, turn on the UFC

  • thelefteyeguy

    look at that long candle..you might get your wish

  • annamall

    wow he looked so much better then :-D

  • annamall

    Market shaking out weak hands, will end in Green Pinky Promise!!!

  • annamall

    see my post above cute mouse.

  • ropey

    wow what a push! :)

  • ausdude

    Look at the SPY rip!

  • BigHouse(Aka Mr Vix)

    Maria just said there is alot of buy inbalances..SHorts be careful

  • annamall

    ;-) told you!

  • annamall

    I said earlier we would rally EOD about noon. :-)

  • thelefteyeguy

    …that was pretty predictable…hopefully a big fat Monday doesnt buck the trend

  • standard_and_poor

    Let's keep this green going.

  • ropey

    what's the secret? woman's intuition? :) lol

  • thelefteyeguy

    …the whole day was foreplay…if there wasnt a reaction…i would be very surprise ;D

  • ropey

    what about your take for mon? I'm debating whether to clear out longs and ride in again monday the theta w/e hit wont be pleasant for me..

  • Cerebro82

    Taking profits now, they can keep going without me. After a long day, only one way to sum it up…. 8-D
    I love this game!

    http://www.youtube.com/watch?v=F6kfUxCpWqE&feat

  • DoubleNaughtSpy

    Dang GS boys keep reading my posts!!! LOL

  • thelefteyeguy

    lol stop taking profits…it's sinking we need to paint a higher close lol…

  • annamall

    Still holding long ES (what a long trip heheheh)

  • standard_and_poor

    Added a few midcaps.

  • annamall

    927-930 possible. I am staying long.

  • goldpackers

    If bearish, completing a double zig zag up and get hit HARD next week. No more room to the upside or new highs. Monday should give us the trend for the week.

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

    I am going short on lots of stuff – NDX posted TDCountdown sell 13 today

  • Keirsten

    I'm with ya on the short GS trade. ;-)

  • pricey

    Here is an interesting article from ZeroHedge
    http://zerohedge.blogspot.com/2009/06/sec-needs

  • ropey

    if you were a man i was going to say you have some steel balls :) lol

    I'm not trading the stock, i have options right now so i gotta close out, the theta hit for me is not worth the hassle, took some profit so fine and have plenty of cash to catch the ride on monday if they decide to fire it up..
    In the meantime i'm writing fairly OTM call spreads, i'm <hoping> the market aint gonna be over 940 for July opex but will cut and run way before if it looks like its gonna happen..

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

    gap down Monday?

  • disrespekt

    PZI got more pink bars than the West Village

  • annamall

    alpha was right on the money 922. SPX + 1 for him!

  • disrespekt

    Might not wanna check the subsequent candles

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

    got just the price range I wanted 148-150 – right in the middle of it – not too chubby so far… loaded SKF as well – today's r2k crap really helped.

  • annamall

    heh heh heh I ended up selling my lonely ES for 916.00 still not bad 5.25 handles. still long apple rimm

  • thelefteyeguy

    that's what the 15min and 60min kind of looks like…

  • annamall

    Hey Ropey
    I hear that allot LMAO!! heh heh heh I actually sold my ES @ 916.00 for 5.25 points, but am long apple Rimm

  • ropey

    me too i want that suckers head in a basket!

  • standard_and_poor

    Have a great weekend rats!

    Last one for the ladies.
    http://www.youtube.com/watch?v=1LnR6GX-Re8

  • CowardlyLion

    If the 5min EMAs can make a negative cross before the close it will be encouraging.

  • annamall

    I think we are in H&S formation and we will complete that by July OPX.

  • Keirsten

    Excellent! Should be interesting next week as usual. ;-)

  • Keirsten

    YAY! Okay, and POT filled that gap, so time to watch that chart again. That looked like a completely bogus pump pre dump. I think I need vanity plates that say POT. LOL Have a great weekend Ropey. :-)

  • thelefteyeguy

    wtf…that's some funny shit

  • Keirsten

    Niiiiiice! You have a good weekend too S&P.

  • Lordted

    Ooooo way to violent… LOL

  • annamall

    Now I may follow you guys on that one GS August 110 put.

  • annamall

    You too SP have some nice bike riding!

  • annamall

    Special K, what is your short term target for Goldman Sucks alot of you know what!!! Heh heh

  • annamall

    I don't know if you're still around Alpha just wanted to give you +1 for an excellent call 922.00 spx

  • BrockSampson

    Almost a bearish harami on the daily spy? Maybe?

  • http://www.mylifemytrade.com MyLifeMyTrade

    I shorted those sons of bitches – Jul 145 calls – Sorry to be using that language with the fairer sex.. but with GS, can't help it… hating them takes priority over etiquette of all sorts and kind.

  • http://www.mylifemytrade.com MyLifeMyTrade

    Short RIMM, AAPL (ouch that hurt)
    Short GS
    Short everything under the sun into Monday

  • Keirsten

    I'm gonna just trade that one day by day, but if it wants to take a nice little ride down, I'll be watching the lower BB – looks it will collide with the 50 SMA, and the BBs are as tight as a tick right now on the daily chart. I'll post some charts over the weekend to share. Good job on your trades today btw! We could have spent the day at a day spa and just traded the last 30 min and paid for it! LOL Have a good weekend 'Lil Sistah.

  • Keirsten

    MLMT- SOBs does not even do them justice. ;-) Hope you had a good trading day today and enjoy the weekend.

  • thelefteyeguy

    looks like the consensus is to short GS(hit)

  • annamall

    thanks girl! I look forward to that. Would have been way more fun at a spa getting an oxygen facial and hot stone rub! (with a nice glass of wine) :-)

    you too see you on the other side!

  • annamall

    Just awesome song Ted, thank you and have a nice weekend!

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

    what GS has done to deserve it? :)

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

    man you guys have been busy, i've been trying to sort through my charts to see if i know anything more now than before the market opened. we at least put in a new high, which could constitute this 5th wave up, but i feel it still has a bit more in it. The SPX came within a half of point of reaching its 50% retracement. I can still see it pop up Monday to 927 to finish this move off. We'll see, my small caps saved the day for me, one up 14% the other up 13% and I have huge positions in both, makes it a bit easier to take the 1.45% and 1.77% dustings I got on FAZ and SRS. Dump almost all my long scalps toward the close. Monday's a new day

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

    Bulls just couldn't push SPX above the yellow fan line I posted earlier, but they didn't run away scared either. It's a significant line, don't forget about it next week.

    Updated chart… http://tinyurl.com/mtu2vk

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

    yet again SPX managed to close under 920.28 magical number – so far so good
    http://screencast.com/t/WGH8l021ra

  • Osso

    we have tested Dow 8200 many times…..but 8800/900 only once. I think another test is coming.

  • annamall

    Hi Alpha don't know if you saw my post further down, but gave you +1 for being right on the money today. I have the same scenario for next week. Hopefully Monday so we can get DOWN to business ;-)

    Have a great weekend to you and all!

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

    yeah thanks, but i would have love another .50, oh well

    have a great weekend too!!!!

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

    i hope so, this just doesn't seem like enough of a correction to go all bullish again

  • http://www.mylifemytrade.com MyLifeMyTrade

    I took some hit yesterday and today… Learning to take a loss … I applied all that I have learnt to get out of my USO puts for break-even (nailed the high of the day). Also sold my IWM and SPY puts for 20% and 10% loss respectively. I am glad that over yesterday and today, I have learnt to get the hell out of losing positions. There are places where I doubled down – AAPL puts.. APPL is going to $127 by July opex.

    Early this week, everyone was looking for 880 – we didn’t get it.. Now too many bears looking for 925-930 – I doubt they will get it.. Whatever window dressing had to happen has happened. Last two days don’t matter because of the way fund settle.

    Learning so much every day… it is amazing.

    Ok.. enough of my rant…. I can go on and on.. Hope you have a wonderful weekend.

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

    i need to visit your blog, do you explain your nomenclature there?

  • Blind_Squirrel
  • Tom_27

    Hi Anna,

    This might sound trivial, but how do you decide on the strike when you go with an option trade?

    BTW, lovely picture. Is that really you? :-) Have a nice weekend.

  • http://www.mylifemytrade.com MyLifeMyTrade

    look in your rear… they have fucked everyone of us in the ass

  • http://www.mylifemytrade.com MyLifeMyTrade

    Update on the charts I posted yesterday: http://www.mylifemytrade.com/2009/06/updates-on

  • reza002
  • ropey

    dont forget earnings are approaching in 2 weeks, i'm hoping for a minor pullback before the bulltards pile in but it is holding like a champ either way you slice it…( yes i am short but not holding if it takes out last weeks highs next week )..

  • Lordted

    Just been watching some late night stuff here in UK about Michael Jackson. And came across this (non Jackson) item… This is the difference a Jako song can make: http://www.youtube.com/watch?v=6QsBDewlNcY

    Enjoy.

    See you Monday

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

    Sure, it is right there (click on nick), thou I am on vacation right now :)
    also youtube daviddtttw

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

    I always had that burning question: who is worse -scam artist or greedy victim?

  • http://www.aggressivelyuninformed.com nepharis

    Yeah.. hope there's more to it as well; I think there should be. I'm 3 for 3 on EW trades this week, but this one might end up not being all that profitable as I got pulled away from my computer near EOD and didn't hedge my theta. >.<

    This was today's trade: http://www.screencast.com/t/bhlK8oeI9R

  • http://www.mylifemytrade.com MyLifeMyTrade

    Coming attractions over the weekend: http://www.mylifemytrade.com/2009/06/coming-att

    Keep checking in on the weekend whenever you visit the blog world

  • http://www.mylifemytrade.com MyLifeMyTrade

    It is indeed holding up like champ… crazy stuff.. I dunno about the earnings.. I think the earnings are going to be good.. Everyone in April and May were in high spirit with the stock market soaring.. Even though folks were down since Jan 2008 in every conceivable investment account, the fact that they are up 30 to 40% since March lows must have created that warm feeling which cause folks to go out and eat and spend and party… We would likely have lots of upside on earnings releases..

    I dunno how a visit to 850 is gonna play out with companies reporting to the upside.. Either it happens quickly in next few days.. I would love that.. I would really like to pile on calls on these companies before the IV is jacked up as we approach the earnings.

  • http://www.pacfreehotwater.com steveo77

    Does anyone know about bandwidth limitations on screencast? Ways around it? I would prefer not to make multiple email and discus and google accounts.

    I just got an email saying I am maxing out, and I am sure they want to sell me something that I don't want to buy. I have been posting charts directly on my BLOG and so far there arent any bandwidth issues.

  • standard_and_poor

    You're sweet, thank you.

    ________________________________

  • standard_and_poor

    Thanks sweetness.

    ________________________________

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

    2 gig storage total and 2gig bandwidth monthly.
    you can pat $10 per month for 100gigs
    or, as u said – multiple screencast.com accounts :)

    When u post on your blog – u post on google albums – no limit there

  • Eric_in_SFL

    Whoops Typo in the P/L Points chart above for Geronimo, should be Trades between 6/22-6/26. Been having some fun with Excel for the last hour working on updating the the charts for the Geronimo page, should be up some time tomorrow or Sunday.

  • http://www.pacfreehotwater.com steveo77

    Big Mahalo!

    I guess I have to do more BLOG posting.

  • http://www.pacfreehotwater.com steveo77

    Earnings might be used as an excuse to drop the market after the crafted rally. Earnings will suck, except for the lies.
    From my BLOG , http://oahutrading.blogspot.com/2009/06/interpr

    I'll discuss P/E in a later post and how Wall Street is completely disregarding reality. “Reported Earnings” are in a basic sense the ones that CFO's will be in trouble if they lie about. Operating earnings are the ones that happen when Goldilocks lies about how the one time porridge stealing will never happen again, and a porridge in every bowl and a chicken in every pot will keep growing perpetually, even though we were hungry last year and hungrier now. Operating earning exclude…well…all the bad stuff that companies want to pretend were relating to just one year or one event.

    Fundamentals do matter on a long term basis. But don't bet July or August options based on fundamentals.

  • standard_and_poor

    Good trade!

  • http://www.pacfreehotwater.com steveo77

    The poll on S&P 500 downside targets is closing in about an hour. Let your opinion be known!

    http://screencast.com/t/PosrQvA1c

    Go to the below to cast your vote!

    http://oahutrading.blogspot.com/

  • standard_and_poor

    Thanks mate, I'm a huge Lennon fan. Have a good weekend across the pond.

  • BearsRus

    That's just stupid.. Put 4 of my brown belt Tae-Kwondo guys coming really full force at Segal during that clip, it would be something much much different.. those guys were intentionally slow and gave him sufficient room to move.
    Any street fighter gang coming full force won't! Aikido is great for one on one, but it takes more then mental discipline and good balance to fight off a group of fighters, that takes great strength and iron fist and leather skin.

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

    actually it takes a combination of the two, that's why my Shotokan is so special. My instructor grew up at the knew of the great Funakoshi. But don't diss Segal, he is for real and if you've ever sparred with a talented Aikido, you know how well they turn defense into offense.

  • http://dreadwinaard.livejournal.com dreadwin

    I used to study Shotokan, alpha — just curious who your instructor is? Oshima?

  • OptionsRMe

    Dear Mole: I studied Kempo (Way of the Fist) for several years; much different than Akiado. I too had my Sensei “try to beat the living daylights out of me” and he always picked me to hold the kick bag when he threw his toughest roundhouse kick at me forcing the bag and fist back into my face. I knew he was only doing it to show me I had a long way to go (he was a 6th degree Black belt). I learned quickly an even as a beginner I could defend myself and force his Brown belt assistant all over the mat (though I'm sure he could put me down at any moment). It was certainly a humbling and learning experience. It is not always best to attack your opponenent but let him come to you and make the first mistake.

  • http://www.gamingthemarket.com/ gamingthemarket

    Aikido on a trading site, who'd a thunk it! Yamashita sensei told me Seagal is good, but really a 5th Dan not a 7th. He thinks the extra rank is political. By the way, it's easy to defeat someone using Aikido. Just never let them grab your hand and hope your spirit is stronger!

    Mole, your comment about taking a martial mind into trading is awesome. Kendo has helped me as well, but the approach is different:

    Philosophy of Kendo:
    http://www.youtube.com/watch?v=ONq_3wD6VsE

    Seagal is fast, but he's not Kendo fast:
    http://www.youtube.com/watch?v=cwl6KWAPU2A

  • http://www.gamingthemarket.com/ gamingthemarket

    Aikido on a trading site, who'd a thunk it! Yamashita sensei told me Seagal is good, but really a 5th Dan not a 7th. He thinks the extra rank is political. By the way, it's easy to defeat someone using Aikido. Just never let them grab your hand and hope your spirit is stronger!

    Mole, your comment about taking a martial mind into trading is awesome. Kendo has helped me as well, but the approach is different:

    Philosophy of Kendo:
    http://www.youtube.com/watch?v=ONq_3wD6VsE

    Seagal is fast, but he's not Kendo fast:
    http://www.youtube.com/watch?v=cwl6KWAPU2A





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