Where are you, Mole~?

Fujisan here.

Mole is nowhere to be found for the past 20 hours and the number of the comments have been accumulated more than 500 counts.  In the mean time, Isaiah is asking me to do a comment cleaner, so there you go.

Mole, if you are somewhere out there, please hurry back home.  We are all waiting for you~~

9:00 am EST update: I heard from Mole last night that he is doing fine taking care of his family.  He will be back soon.

This entry was posted on Tuesday, June 30th, 2009 at 8:36 pm. Both comments and pings are currently closed.



  • BigHouse(Aka Mr Vix)

    I think Mole went to the Neverland Ranch to see MJ body.

  • DaniDani

    Where the Fuck are you Mole? Did you went to see MJ body?

  • DaniDani

    No more fucking around…. Do some charting!

  • rhae

    Just in time to post a messy chart… Sometimes a normal pitchfork is not practical because, to much slope over desired time. So, there are ways of getting around that.
    I am digging a little deeper on this chart than usual. I want to look for a short term swing low… *IF* indeed we put in a swing high.
    Won't ya come home Mole (Bill)Bailly… I want a chart match…
    http://screencast.com/t/8FKX23fNP

  • BigHouse(Aka Mr Vix)
  • DaniDani

    This fucking Head and Shoulder will fail… too fucking obvious…

  • mrclam

    I'm confused, mole is gone, but someone drew trendlines on the zero today right? or does his software do that automatically? I'm inclined to think that it wouldn't…

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

    I'm gonna need you to change your handle to Douchebag McGee.

  • mrBIGgmd

    I noticed that too so I was waiting for some sort of post and it did not happen. Hopefully all is OK in Evil's lair.

  • http://www.mylifemytrade.com MyLifeMyTrade

    Mole did mark some divergences and channels on the Zero lite this morning..

  • dullmind

    I noticed it also, no as far as I can tell the trend lines are drawn by hand. Saw a software menu pop up one
    day on a zero image, went away with the next refresh. Having said that, perhaps somebody else can draw
    the trend lines if Mole has real life call him away?

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

    that would be a complement
    ..but.. look at it this way …bullish retards are normally appear when they shitting their pants feeling doomed.
    Funnily, this type cannot even be banned because most of them are so cheap that they still use dial ups (may be government does not pay them well or when they were brainwashed something went wrong) – no IP can be banned…oh well, homework time

  • dumbpainter

    Check out my student, Chris, looking at the above print…

    http://inkteraction.ning.com/photo/chris-lookin

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

    How is that for “Glasnost”?
    http://apps.nyse.com/commdata/PubInfoMemos.nsf/

  • DaniDani
  • DaniDani
  • reza002
  • BigHouse(Aka Mr Vix)

    Folks, Mole is entitled to take off for the day. He doesn't need to explain himself ever hour of the day.Be thankful its now…
    What will you do if Mole is not around for the day in the heart of Primary wave 3 ? Geeeeez

  • dullmind

    I get an HTTP error 400, “Reason: Http request contains a malformed escape sequence” from your words and the URL,
    I believe you are referring to:

    http://zerohedge.blogspot.com/2009/06/nyse-halt
    Linked document: http://apps.nyse.com/commdata/PubInfoMemos.nsf/

    Apparently NYSE reads ZeroHedge, they have sent a response
    http://zerohedge.blogspot.com/2009/06/nyse-reto

    Time will tell if it really is just a procedural change, I do not know enough to judge the original data,
    much less the revised data.

  • CandleStickEmUpper

    who's got Mole's phone # handy?

  • nummy

    i think GS kidnapped him.

  • dullmind

    I am a Zero subscriber, was watching most of the day, tend to make snap shots during the day when
    Mole puts notes on the image. I captured the last change at 1:34pm, there were no additional annotations
    from then until the close at 4pm. I agree with BigHouse, this is a FREE blog, we accept what Mole offers,
    and are patient if nothing is offered. The Zero worked all day, that I do pay for, so no worries.
    I too eagerly await Mole's return, and hope all is well in his life, cheers!

  • anotherone

    Amen. I hope Mole is really enjoying a much deserved vacation. As long as Fujisan can put up a comment cleaner from time to time, Mole deserves as many days as he cares to take and we'll make do.

  • http://gemstowear.etsy.com Jan

    I hope you're OK, Mole….that's all. Thanks for the comment cleaner, Fujisan!

    I commented this morning about the 13/34 SMA crossover on ES daily. The 3 day SMA is still above 8/13/34 and VWAP…..I think we begin to descend next week (Goldman Sucks willing, that is).

    Good luck!

  • TurkeyBone

    I do it's 370H-SSV-0773H

  • mrclam

    No one is saying he can't, but its strange to not hear from him suddenly. I think most of us just want to know he's ok.

  • grednfer

    Good chart! yeah…..pattern shmattern….there's also an inverted one that started about two weeks ago that could create a new low for the vixes…..but I think the buyers may be tapped.

    I'm more interested in the diminishing gains on the monthly SPX candles which barely cleared black by ? 18 cents in June.

    Cashed in all my short puts yesterday at the VIX trendline. Buying puts and selling calls until we get a higher VIX or RVX. I'd like to see a 30 and 40 test.

  • JWBlack

    He's around. He's looking for affirmation.

  • grednfer

    Fujisan,
    Can you tell where we are on that chart……..and try to stay away from “We could go up or down from here” ;-)

  • BigHouse(Aka Mr Vix)

    Something might of come up mrclam.When the site goes down for more than a day than you can worry.

  • Hanuman

    Mole has been spotted – 2′ under ground – digging ditches for our Mouth breathing enemies. He will come back to us after the BIG-DIG is done. Now he is too engrossed to hear our cries.

    Wish your stainless steel teeth and claws would dig deep enough ditches to finish off the Mouth Breathers for a few months. Good luck Mole!

    Love you and miss you…..

  • Squidman

    Damn people, fucking relax. It's summer. Maybe the guy has turned human and taken his wife to dinner and a movie. Umm, it's a holiday. If you have not made plans to enjoy life and ignore work for a change, do so. I suspect you got your fill, Fujisan, and are up about 61 pips so far! That's good for a massage and a nice sushi quickie.

  • prescient11

    Peace molecool, TK is calling for a down Q in the snp for 3Q and I agree. Let's go bears, get your fucking act together.

    Hope all is well, just shared some love.

  • Loren1711

    Would you mind posting a chart, perhaps with some annotations, of this trade? I'm only begining in after hours forex trading so any advice would be immensely helpful. Thanks

  • bsummertime

    Mole, we might not always show our love, but it's because a lots of us are cold hearted bears. :) We have to be to trade markets. Your work is top notch! If the morning read of the WSJ is a ten, your blog is a 100+.
    Take as much time off as you want but you will be missed always!

  • mrclam

    Hi David,
    Went out and got the Perl book today, thanks for the recommendation. Do you happen to know anything about the TD Camouflage buy?

    Perl states:
    1) the close of the current price bar must be below the close of the previous price bar
    2) the close of the current price bar must be above the current price bar
    3) the low of the current price bar must be lower than true low two price bars earlier

    Is it just me or do cases 1 and 2 conflict with each other? Appreciate any guidance you have!

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

    thank you for good link, you are correct.
    Really interesting – they “retire” old trusted feed/report as of July 10th and “will replace it” with “some kind of feed” as of July 23rd – I wonder what will go wrong that they will not be able to do so.
    In the “normal world” – none dumps something that yet to be replaced.

    Oh well, I've been in this country for 20 years now and I still cannot believe that all the BS we heard in Russia does not stay close to whatever they feed to people here…

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

    Larger picture forecast…giddee up!

    http://www.ambgtrading.com/2009/06/surprises-su

  • pricey

    I am worried about the whereabouts of Mole also. Not like him to disappear without forewarning. Hope everything is ok and he will reappear and chatise us for being the neurotic trading rats we are.

  • BigHouse(Aka Mr Vix)
  • rhae

    Do you think all those black boxes know what a H&S pattern is? Everything sentiment history, so could be interesting.

  • JWBlack

    Yes, I agree that 3Q will be lower from here. The question is at what point will the serious drop ensue?

    You can be short now and suffer for a while, or just wait until September to get bearish.

    But before the September high, we will probably see a strong pullback after July 4.

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

    camouflage, flop,winflop and .. (forgot the name – lazy to pick the book) as I understand are not to be used in insulation, but rather as complementary to TDSeq/combo.
    I'd recommend (off the top of my head) to read first section on TDSeq (like 40 pages) and the one on D-wave – it also has very well defined use of RSI)
    Most important element of TDSeq is really relation to TDST lines and behavior in case of “IF …then…else…” kind of (former programmer here :)
    as for “2)” – it is slightly confusing – I'd translate it as “close of the current bar has to be as close to the high of the bar as possible” :)
    But as I said – I don't pay too much attention to “flops”
    Also, Perl recommends to get out of “non-working” trade on immediate violation of tdst risk level – I prefer to wait for 2 consecutive closes above(below) risk level.
    Let this book to “sink in” – play with paper money, watch 2,4 hours as well – it'll come…

  • lilme

    Mole, I hope all is well with you and yours. We do miss you but be assured, your well-trained friends are helping us through. We all do so appreciate your efforts and this blog. Thank you.

  • fballislife

    Im no expert but it just sounds a little too “doomsday-like” for me…

    I just don't think we are going to see the 'epic' market disaster some call for but I guess that's why its a market…to each his own

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

    My trading and my opinion are two different things if you know me.

    I just follow what I have.

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

    Damn, mole was not even criticizing the system as much as Karl :(

  • KidDisco

    Indeed. I think you've nailed this call. I think it won't be until 3rd quarter that the financials really take a hit.
    I made the mistake of shorting the banks into 2Q earnings. I won't be making that mistake again…

  • KidDisco

    Maybe Goldman Sachs got to him.

  • Duuuuuude

    He may have burned himself out. Did you notice he was emailing pics from his garden and back yard yesterday.

  • reza002
  • icetigaurus

    looks like a big descending triangle to me, not usually bullish

  • mrclam

    Hi David,
    thanks for the response!
    Definitely, I recognize that the buys aren't meant to be used in insulation, I was just trying to make sense of text since the conditions seemed contradictory. So far I've finished the section on TDSequential, and I'm going to work on TDCombo next. I definitely need to revisit these chapters as I'm sure I've missed things already, and key points, but relating the signal in relation to TDST already makes a lot more sense to me! (Before I was just looking at the numbers in TOS charts and the system seemed completely untradable)

    I also wasn't too sure what you meant before when you said to use multiple time frames to trade the TDSequential signals, I assume that you meant to use the larger timeframe to determine the trend(up/down) and then to only take signals that were in the same direction as the trend, right?

    The book has so far been a big help in clarifying how to use the signal (i'm a programmer professionally so all of the if/then works perfectly for me!) Hopefully I'll be able to use it to bank some coin, I'll be looking at papertrades :)

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

    “use multiple time frames to trade the TDSequential signals”
    Firstly you will get more signals
    secondly – when multiple timeframes have the same “direction” – it maximizes your chances for success/longevity of the trade.

    Speaking of TOS implementation of TDSeq – I have found quite a few flows and communicated it with Tom Sosnoff/Jeff Bierman and folks from devexperts – they made note of few of my remarks and defended fearlessly some other points. (that is why I don't generally recomend to use TOS version)
    I'd recomend (if you'll decide that it works) to get DeMark approved implementation e.g. from CQG

    “Before I was just looking at the numbers in TOS charts and the system seemed completely untradable”
    YUP – that is why 99% of people who tried DM without understanding “the bigger picture” lost money and banned the system from personal use.
    Good luck

  • http://www.mylifemytrade.com MyLifeMyTrade

    Not a relevant chart, just found it funny to see candles like this:

    http://screencast.com/t/7CC3FclgTo

  • NoFate

    Hmmm …was he spotted somewhere in Argentina? Just a thought… :(

  • lilme

    I am sure Mole would want this posted on evil – David Rosenberg –

    http://zerohedge.blogspot.com/2009/06/david-ros

  • http://forkoholic.spaces.live.com/ Forkoholic

    It starts something like that …
    “Mole, Evil, Geronimo & Rat walking into the bar …

  • moneyfarm

    Ha! Very good. +1

  • JOEY OOO

    Molee, 'hide and seek' is a lot harder over the internet, come out now.

  • mrclam

    wow, are you kidding me? just got a quote from CQF, 800/mo to get the demark indicators?! you wouldn't happen to know a cheaper way would you?

  • http://www.pacfreehotwater.com steveo77

    Hope all is well with Mole

    Quick tickers
    SCHN short under 52
    SHLD short, take a look at post
    PAAS short under 18
    CTX short under 8

    Kong long over 10.90

    some charts on my site.
    http://oahutrading.blogspot.com/

  • Squidman

    I would Loren, but, that would imply I know what the hell I'm doing. I'm just beginning. You have to pick a pair to learn and watch it for a while, paper trade it like I am doing. Basic premise is the Asian open pushes it a direction and the european another, as Fujisan has been showing. If you have TOS, throw up Person's Pivots on a pair. Keirsten recommended this site:
    http://forexforums.dailyfx.com/. There are some great charts posted by experienced people in the forum. Good luck, and let us know what you are doing.

  • http://www.mylifemytrade.com MyLifeMyTrade

    Not a whole lot that can be said right now, but a lot of volume being built up in the 921-922 region

    http://screencast.com/t/dfupUpAbxC3

  • Autopsias

    ES or SPX?

    Thanks

  • DetroitDave

    Knowing Mole he probably went to Farah's Funeral…..

  • katzo7

    I think I am finally starting to mature. Don't want to but external elements are being forced on my behavior. Well, squiddy said it was all good in the long run.
    Two new reports, one on yesterday's wild ride (a turnaround Tuesday to be followed by a wonderful Wednesday? for the bulls?) and one on UUP. Speaking of UP that reminds me of, katzo, stop it!
    http://www.bostonwealth.net/

  • katzo7

    You aliens with your strange language, yes it izzz eeeessssssss on the spi eeexxxx.
    Sorry, could not help myself.

  • goldpackers

    Mole… Wake up!

    GS is the key. Looks like 5 waves up not to a new high. Either a failure and headed to 135 or back off to 144 and then 155. Volume was as high or higher yesterday than the last three up days. Stochs turning down and huge mo divergences.

    Seasonality favors mkt up into 7-6/7 but that is an important turning point. If a high then we are down into mid August. If a low then expect a final rally into 7-21 and then Mole is back on his throne!

  • Blind_Squirrel

    Maybe Squiddy changing your meds from Thorazine
    to Lithium has helped!!

  • annamall

    morning you guys! HERE'S AN UPDATE “MOLE IS FINE” w/o going into anything too much he has had a death in “the family” so he needs to tend to what's important right now.

    He will probably be back today, but I am not sure about that.

    Very Sorry about your loss my good friend!

  • goldpackers

    Wake up ! The last two months are just a bad dream!

  • goldpackers

    Hang in there Mole!

  • katzo7

    Reak fuckin funny, I have never been on meds, that is for very long!

  • Niktus

    Very sorry for your loss.

  • Blind_Squirrel

    Anna

    May be wise to delete any references to the MJ funeral and Farrah's
    below.

    will edit this to blank after sending

  • chumprop

    Mole,

    Sorry for your loss…
    Just remember that life goes on and time heals all wounds!

  • Cerebro82

    My condolences on your loss. Find solace in the fact that one day you shall be reunited.

  • Kirklandguy

    Mole, very sorry to hear about your loss. The markets will always be here, so definitely make sure you take care of what's important right now.

  • Turps

    Is this the long term down channel?

    http://screencast.com/t/0t911ZWx

  • annamall

    Morning everyone,
    It is possible today that we go up and touch the 930 area again before heading back down, this is one tough tape to trade and I am net neutral, and allot in cash.

    To me this week is allot of noise and with the holiday doesn't mean much. G/L trading today

  • Lordted

    Great pic on the comment cleaner fujisan – looks like the long term market…

    Off message – Fed faces Karlavich (the tree) today. They guy is 6'10'… Whish him luck

  • http://es seawolves

    no rocco gurl? he's cute

  • annamall

    Hi Ted,
    Best wished Fed! 6ft 10 inches OMG! Time please?

  • annamall

    No, not yet, :( but I am going to ditch this tape later this morning and go to Animal services and search for him. I hate doing that it's so depressing to see the poor creatures destined for euthanasia!

  • springheel_jack

    Yes, that is the long term down channel & the reason resistance at this level is substantial.

  • springheel_jack

    I think July may be weaker than you forecast, but otherwise I think you've nailed it. P3 starts in 2010 after another significant rally period into the end of the year after a weak summer.

  • Blind_Squirrel

    Excuse me:

    Does anyone know of an Avatar blocking program that I can
    use to read this blog as some of the hot avatars are extremely
    distracting!!!

  • annamall

    ahhhh that's the color of the tape today and My favorite color too along with hot pink.

  • nummy

    i thought it looked like a huge pimple

  • http://elitetechcharts.com Beyond

    Morning everyone, ADP reporting now

  • katzo7

    Back off boogaloo, I saw her firat. LOL

  • katzo7

    Per Blind Squirrel's request, the MACD on the 60 SPX. You would think even a blind squirrel could bring up his own charts but I see the light now.
    http://www.bostonwealth.net/2009/07/01/spx-500-

  • Blind_Squirrel

    Hopefully not the color of the tape for very much longer my pretty.

    Went short ES and NQ @ 923.50 and 1489.50.

    Missed going short yest at high, missed going long at low, and missed my
    buys last night which would have filled just above lows, but I cancelled,
    then fell asleep without price alarm set. Hopefully at least win on this
    one!!! We'll see.

  • Blind_Squirrel

    You're just jealous that I will only be 70 miles from Anna this weekend!!

  • katzo7

    Did you say 70 seconds? Viagra guy!

  • Osso

    AIG reverse split 1:20……nice short….

  • annamall

    I agree, I am short ES since yesterday (ouch) :)

  • isaiah64v4

    Fujisan

    ???????????????????????

  • LostIllini

    Good Morning everybody! Today should be Easy Peasy, Break of 92.8 Go long, Break of 91.60 get short. Any strength on open should be a good shorting opportunity. Here is the LostIllini daily roadmap, not as good as the Moles'….

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

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

    yup – it is not cheap
    I just recently dropped Bloomberg – $2,600 monthly for the set I needed.
    Email me

  • http://gemstowear.etsy.com Jan

    Can someone the bid/ask/price on AIG?

  • http://gemstowear.etsy.com Jan

    never mind……. ;(

  • Blind_Squirrel

    No, but if I did at least it would not be a Viagra/Metamucil/Ensure
    Combo!!!!

  • pricey

    Where are the those keys on my keyboard?

  • http://gemstowear.etsy.com Jan

    DX tanking

  • Douala

    Scanned through the posts and it seems no ones knows anything more on what happened to mole. I have this uneasiness inside that he became suddenly ill yesterday. I hope not. But if “homie” took off for Disneyland for a day, I will spank his fanny for worrying us so!

    Mole hurry back!

  • Lordted

    Then that pimple is going to burst!

  • Blind_Squirrel

    My focus is more exotic indicators not followed by the geriatric crowd!!!!!!

    LMAO!!!!!!!!!!

    Besides, I'm so distracted by Anna's avatars I have to limit my visits to this site!!

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

    what happened?

  • Blind_Squirrel

    Not that it matters a shit in this manipulated bullshit mkt.,
    Length of this rally from 6/23 low is .62 of the time from 6/11 to
    6/23 decline. Also yest highs .48 SPX points from .618 retrace.

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

    I haven't spoken to Mole, but I have a feeling he wants me to post this:

    http://www.youtube.com/watch?v=pfm8-zAenek

  • katzo7

    So you finally used those complimentary tickets to the strip joint, I was
    concerned about you there.

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

    good morning ratburgers.
    I find it really amazing that not a single person here, even those who's been here for ages, has Mole phone number – something must have happened. HAs anyone tried to get in touch with him?
    What about that another guy who was together on this site with Mole before? Anything?
    Could be something in the family…

  • springheel_jack

    Mole's had something come up & needs a few days. We should all respect that & give him some space.

    No pressure on, or questions to, Mole for a few days.

  • Fujisan

    You are welcome! You sound so solemn (like a preacher talking).

  • Tom_27

    Yes, indeed, this is very unlike him. Something serious must have happened. I hope everything is ok though.

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

    a couple of charts for today, it looks like the market is finishing wave ii, if that is the case, then look for it to turn somewhere between 921-925. 921 and 923 are the 50 % 61.8% retracements of yesterday's move down, (but as long as it doesn't set a new high it can retrace all the move). But on the 15 min SPX you can see if the move is contained in this range then a nice bearish H&S pattern is in. Of course on the 60 min chart you can see a competing inverted H&S pattern. So it'll be wait and see.

    The bearish case won't be confirmed until we break down decisively out of the green channel on the 15 min chart.

    good luck all.

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

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

  • Z_Bob

    Mole,

    Hope all is well…

  • Osso

    AIG reverse split 1:20……nice short….

  • salvadorveiga

    what happened? :-(

  • MadDogLV

    I got an email from Mole last night… It seems based on the ??? here nobody else did… He had a death in the family and personal issues to attend to. He basically said he is going to try and take a few days off. Supposed to chime in though…

  • katzo7

    My body is a temple!

  • MaxPainMan

    shorting /ES.
    i think we're f*cked if we breach 926

  • ropey

    Kiersten, our suspicions were right – now if only that little devil on my shoulder hadn't said to get out yesterday, he's causing me to miss out on a lot of big winners lol…

    Question now is how far they jack it up – it's a hol week, low volume so they're probably going to be able to throw it up quite a bit..?

  • Cerebro82

    Mole had a death in the family

  • ropey

    btw are the markets closed on monday / half day friday?

  • katzo7

    Now some mindless ramblings. What I have been seeing is futes that hang out around a minus 1/2% to plus 1/2% mostly. Sure there are a few funny spikes once in a while. IMO,, no tell for the futes that this point.

    The real action seems to come during regular hours. I don't have to be a blind squirrel to see that! Let us see what today will offer up.

    Good luck everyone! Go look at my chart at BWM and see how efficient the chart shows the candles respecting the channel lines

  • Blind_Squirrel

    From which empire, Roman, Asian or Egyptian!!!!!!!!!!!!!!!!! LMAO

  • rhae

    SPY 60m has a strong line at 92.57 Gap and Trap? could be a tough days for bears if price does not slide below 92.57 (thin zone) early.

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

    ty
    that was what I was worried about
    my condolences to Mole and his family.

  • isaiah64v4

    LOL………… :-)

  • gusrock1414

    Anna, you really just put a pic up with your mouth opened like that? Makes your mouth look huge. I think we are stuck in a trading range for the next several weeks boys and girls.

  • fuzzygreysocks

    Tighten your stops ahead of the 10am JUN ISM report which may be “less bad” than MAY's.

  • fuzzygreysocks

    Sorry for his loss.
    Glad he's okay & taking time off.

  • fballislife

    closed friday

  • Lordted

    Off message – dunno if you got it live over there – Rog is 2-0 up..

  • Keirsten

    I see that! There'll be a chance to grab it- I think I'll be ready to go after the 10 AM announcements. Yep- they can run it up, and tomorrow the second tier floor traders will be in charge, and who knows what they'll do. LOL

  • GDII

    could anybody repost the vix trading rule? i think it is showtime again.

  • Keirsten

    SPY at intraday resistance- don't ask me the number-it's just one of those lines of intrigue- a jump could push it up to backtest the broken channel line methinks. GL Rats!

  • annamall

    yes! I live in Fla.

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

    so far I got that gap I expected – now we need selloff at 10:20

  • salvadorveiga

    a close below BB 2 Std deviations… that is the setup candle… a close on the following day back inside the 2.0 Bollinger Band thats it … then you can wait for a higher close on the following day but is not mandatory… is just a filter i think

  • salvadorveiga

    New pic again ? :-P

  • Anonymous

    Anna I hope you find that its rocco waiting for you! Best wishes, was just about to ask you about this!

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

    Someone correct me if I'm wrong but I don't think it's worked since P1. $VIX will keep falling, IMO… http://tinyurl.com/mlorsk

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

    this looks pretty damn bullish. a possible count is a wave 1 up to yesterday's high, 2 down and this the start of wave 3 up, watch out folks

  • annamall

    thanks Gus, coming from a troll that was nice!

  • Squidman

    Believe we need another close higher

    http://www.screencast.com/users/Squidman/folder

  • annamall

    I said earlier that I think we retest 930 before going down

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

    as long as we don't make a new high all's fine

  • annamall

    yes!

  • Lordted

    Even better match Tommy Hass is 2-0 up against Djokovic…

  • wex

    best picture yet Anna.

  • Keirsten

    That would put us just about at that backtest level today if they can melt this up. Love the new picture Sistah!

  • standard_and_poor
  • wex

    Thanks for keeping us up to date

  • fuzzygreysocks

    Okay… lemme get this straight:
    ADP is worse than expected & mortgage aps fall to 7 month low and money rushes out of the $USD and into equities.

    Does that sound… pretty stupid to you guys?

    TIA

  • isaiah64v4
  • annamall

    its ridiculous!

  • ropey

    It's the start of the new quarter, new funds coming in – it'll go on for a few days – which coincides with Fujisans prediction of the market peaking around 6th/7th or so.

  • annamall

    Thanks girl! I am going to Animal services shortly, there is a cat with Rocco's description. God please!!

  • standard_and_poor

    Morning RATS and 007!
    Good chance we'll go back to about 913 if we don't cross 932.
    http://www.youtube.com/watch?v=CTZWIl5zjtA

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

    if it breaches 930, i'll be surprised if it doesn't move on and set new highs

  • annamall

    :-)

  • annamall

    :-)

  • Keirsten

    Okey dokey- let us know as soon as you get back. Sending good thoughts your way. ;-)

  • katzo7

    At around 9:45 am I sent out a message to anna and BS on CHAT that I thought turbo was 'bout to commence. They can confirm this. I was very reluctant to post on this board as I have been wrong before and did not want to whipsaw my peeps. I do want us all to profit, I would love that.
    I would be extremely careful trying to short this. If it is what I think it might be, the EW5 on the DAY, we will all be in for something. But, you can do what you want and I have been very wrong before. Sometimes I am very “in tune” with the market and sometimes not.
    Go to BostonWM and read my position/research.

    What to do now? Wait. IMO buy any dips. Waiting IS a position!

  • katzo7

    WTF are you smoking?
    Read above.

  • isaiah64v4

    I agree.. your 930 call looks real good now.

    Also like everyone else…nice pic…your best yet… If S&P were here he would of posted this in honor of your new look.. http://www.youtube.com/watch?v=ap-OO0xqTe4

  • Cerebro82

    A horrible ISM index, Construction Spending, and Pending Home Sales in a couple minutes is just what the doctored ordered… ( I hope). This is getting very painful

  • anotherone

    Anna, you're killing me here. You're dribbling out these new avatars one at a time. I'm wearing out my refresh button just to see what you're going post next. Hope you find Rocco.

  • anthem

    The numbers and mortgage, no doubt. However when USD is flowing outward which means there isn't much confidence in the USD, then it makes sense that it will flow into equities (or other vehicles). Basically it's flowing out of USD because people believe that equities and other vehicles are a better vehicle against inflation that will weaken the USD.

  • springheel_jack

    Employment figures were bad and the zero is definitely not confirming this move up.

    That seems a very unpromising start to break key resistance at 930. Surely we must weaken from here.

  • annamall

    :-) will do!

  • Osso

    negative divergence within indexes…NDX 1494 resistance…Qs cant go over 36.75…

  • annamall

    :-D so sweet. On my way to AS shortly. Housing numbers were so hot!

  • isaiah64v4

    Good call SJ

  • annamall

    heheh great song Isaiah! :)

  • springheel_jack

    Wow, that really was good timing wasn't it. Glad I doubled up my ES short position.

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

    Until proven otherwise (a breach of 930) i'm sticking to this being a wave 2. Per EWP, “second waves often retrace so much of wave one that most of the profits gained up to that time are eroded away by the time it ends…. At this point, investors are thoroughly convinced that the (bull) is back.”

  • annamall

    I think we may just fill that gap up this morning :)

  • springheel_jack

    Hi S&P, I'm smoking what you're smoking.

    Doubtful whether we can push through 914 today. If we do, I'm hoping we can make it into the 890s to avoid painting the shoulder on the developing SPX 60min inverse H&S.

  • Cerebro82

    I'm here with you brotha… The profits have surely eroded lol. A wave 3 would be so niiiiicccceee right now!

  • Blind_Squirrel

    Now Damnit!!!!!!

    LOL

  • C.C. Rider

    I like the perky one better! But that's just me!

  • katzo7

    Ppl are looking at this as the bad news now is all behind us. Whether it is true or not I have no idea. But we have to ride the trend.

  • Cerebro82

    What gap are you talking about Miss Anna?

  • Cerebro82

    brilliant the gap up this morning lol… My bad lol

  • Blind_Squirrel

    Damn distracting isn't it!!!!!!

  • Blind_Squirrel

    agree.

  • katzo7

    At 915 SPX I will feel the pain of a bad call.

  • standard_and_poor

    Currently 11% long but hedged. Will remove hedge today and increase to 15-20%
    net long exposure on weakness.

    Rooftop love, someone out there likes Paul.
    http://www.youtube.com/watch?v=E92m1Ma959M

  • rhae

    $VIX at times seems to have a mind of it's own… I believe because it reflects a lot of hedging posistions

  • BigHouse(Aka Mr Vix)

    Short RIMM.Die rimm die

  • http://spnakr007.blogspot.com/ Steve

    Just want to say good morning to Fujisan…I am having a nice cup of coffee…

  • C.C. Rider

    I'm getting bullish here! First target 944, second target 972. Me thinks a good second quarter gets priced in b4 earnings ala July 15 and Bradley turn date which is a major turn.

  • http://elitetechcharts.com Beyond

    I always value your opinion. It's good to post, other will decide their own actions I think. Look at me, intraday, I'm a complete crapfest.

  • springheel_jack

    Don't know if we'll make it that far. Might just fill the gap.

  • ropey

    ugh that exactly the worst case situation which explains it to me

  • C.C. Rider

    Whipsaw central! LOL!!

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

    I have to start to agree with you. I mentioned that we could see a rally into first week of August and this tape is starting to prove that hypothesis correct.

  • Fujisan

    Thanks, Steve. I won't be able to visit you at Ace anymore…. come to say hi at any time.

    Of course I'm getting my morning coffee as well (sorry, it's just a Starbuck….)

  • katzo7

    I hope not. But anything can happen. A nuke goes off somewhere and I
    guarantee that and more!

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

    flat, waiting for retest of 928 now

  • C.C. Rider

    Watch VIX and 25, DXY and 79.43. Those get breached, and major thrust up.

  • Cerebro82

    uh oh we are in need of a sell of shortly or shit is bout to hit the fan

  • gusrock1414

    With all the ass kissing you get, someone has got to bring you down to earth. ;-) Making fun of you is the only thing that keeps me on this site.

  • ausdude

    With you on that. Trading off a 5 minute chart, but looks like it is getting ready to explode to the upside!!

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

    gl
    just watch for 71.78 – shall not be broken

  • GDII

    yes i feel the same too. it is derived, but not directly generated from the market actions. and the vix futures trading gets more impact on the index now. the prob is not like /es and spx are directly correlated and easy to create arbitrage strategy, vix is a pretty confusing mix.

    thanks sal, squid and ssc

  • C.C. Rider

    Breach on the VIX, watch out above.

  • katzo7

    I am suggesting that you do not try to short any of this UNLESS you are to most sophisticated trader and extremely short term.

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

    I think a huge rally is on the horizon…going to be violent

  • annamall

    Jeez thanks allot Gus, and coming from a troll! :-)

  • annamall

    yes cute mouse!

  • salvadorveiga

    Fuji :-D … I got to put my forex trending indicator into S&P eheheh… nice ! it looks very good as well… I'm putting it on a 15 M timeframe to avoid whipsawings…

    Gonna have to run some tests to see before starting to trade it but it looks very promising :-D

  • Lordted

    That was a migic moment in UK… I had just started work then… Long long time ago

  • isaiah64v4

    Keirsten

    Had to do it. Grab some DTO @ 71…. Finger on the sell trigger. Looking for inventories to be up. Read where AAA says weekend travel to be down this 4th.

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

    dear market i love double tops, please sell off now

  • Osso

    transports..on fire…

  • annamall

    Can't get past that 930! (so far)

  • C.C. Rider

    2 minutes or less!! LOL!

  • Keirsten

    Approaching that broken channel line shortly. Almost there.

  • katzo7

    LOL

  • standard_and_poor

    Your Jamaican arthritis herbal remedy.

    ________________________________

  • C.C. Rider

    I think you jinxed it darling!

  • Fujisan

    Once SPY busts yesterday's high, the next destination is 96.2.

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

    chalk one up for katzo's new GET program

  • katzo7

    Oh yeah?
    LOL

  • annamall

    damn!

  • standard_and_poor

    Hah!

    ________________________________

  • katzo7

    Hahahaha
    EWs are smoke and mirrors.
    Snake oil.
    Unreliable.

  • annamall

    Glad I am long Apple Google :)

  • Lordted

    Now or never… Could be a fake here… IMO

  • http://spnakr007.blogspot.com/ Steve

    Of course, and will do.. I don't have anything against StarBee's : ) Without it, I wouldn't know about the specialty coffee…

  • Fujisan

    Same here, Anna.

    How cute you look! I totally adore you!

  • annamall

    whoa you can say that again. ;)

  • MaxPainMan

    fuuuuuuuuuuuuuuuuuuuuuuuucccccccckkkkkkkkkk

  • annamall

    out of all short positions.

  • Fujisan

    Fake or not, it's going higher. Remember, the key turning day is July 7th.

  • isaiah64v4

    Keirsten

    :-) it worked!

  • C.C. Rider

    Better call Red Adair!! Look him up.

  • http://www.mylifemytrade.com MyLifeMyTrade

    Small caps up HUGE.. 2% and more.. outperforming NDX & SPX.. it usually means hot money from the sidelines is piling in

  • Fujisan

    My, my, here is a coffee authority!

    I would have to agree with you, though, after trying such a nice coffee in Vienna…

    I will come to visit you in Chicago once you open up your own “specialty” coffee shop.

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

    Never in my life have I been so glad to be 100% cash. I am not holding any overnight positions until we see some downside…risks here to upside are far too great compared to reward, even though I do think we go to new highs or close to it. Just trading ES intraday that's it.

  • Keirsten

    Coincidentally, we're pushing against the long term TL from Sept. 08 on the daily here.

  • fballislife

    Doesn't look good for that….gl

  • Lordted

    It's chalked on my wall… Thank you

  • ropey

    transports are headed to the 200ma, if that breaks then boom game over bears

  • Cerebro82

    yesterday was the probably 4th wave in a 5 wave up move.Shit that was a costly mistake

  • Fujisan

    Good morning, sweetie!

    Are you trading off of 15 M chart? Is it your normal setup for a currency trade?

  • katzo7

    WOW, WTF!
    This is even surprising me. I told BS on chat I thougth it might go sideway at DOW 100 or so until afternoon. Unbelievable.
    AND
    I really feel for anyone who is presently short. You would not believe how many times I have been there in my life. Shorting pops, AZO, etc.
    You cannot trade news, only charts BUT the perception is that economy is fixed. Is it? I dunno, but I cannot fight the perception.
    The way I approach it is that every littl' day adds info or subtracts same from my call. All adding up now.

    If you want my longer term prediction, I think this EW5 rally will prematurely fail at some point.

  • springheel_jack

    Not a pretty picture. That really hurt. Ah well.

  • Keirsten

    Daily SPY: Yellow line resistance- matches up to intraday backtest of channel

    http://tinyurl.com/kv46ju

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

    this guy on another site got the GET program about a month ago, it seems pretty reliable at spotting wave 5s

  • disrespekt

    Zero hasn't been confirming up moves for like a couple of months now…

  • fuzzygreysocks

    >> Basically it's flowing out of USD because people believe that equities and other vehicles are a better vehicle against inflation that will weaken the USD. <<

    Agreed, but that is a stupid thing to do.
    If the economy is getting hit then EPSs are going to drop and the $USD remains a better alternative to equities.
    <chuckling>

    Wacky people.

  • springheel_jack

    Out of all short positions & switched to long. I think this rally is now solid until July 7th. We are going higher from here.

  • Keirsten

    Well, I grabbed some puts- will bail if we breach.

  • swinger

    US Dollar is in a fully bearish configuration. US equities are priced in US Dollars, ya know.

    Doh! <Homer Simpson reference> :-)

    Kind of surprised that more folks don't make that connection out there.

    ES is still in an uptrend here (that would be a series of higher highs and higher lows for those folks who might be a little fuzzy on the concept) since last IT buy signal at 885 on 6/23.

    Most recent VST higher low on ES was at 908, so probably not too bad of form to at least wait until that simple pivot gets taken out on the downside before joining the shorting frenzy–but hey…that's just me.

    Next VST resistance band is at 931-933 and that one is very important. Bears really don't want to see that taken out to the upside.

    —-posted yesterday————

    Couple of quick ES thoughts and then I have to run for the day…

    This has been a great range-trading market of late. Key timeframe in play has been the IT, where a sell was generated June 15th at 923 and then a buy at 885 on 6/23 and then a partials sell at the back kiss of 923 (at countertrend resistance) today.

    Ideal trade (in my opinion) is still long partials from 885 (partials sold at 923 for +38) with a trailing stop at around 890 and a second partials stop just under ST support at 910.

    ST has been wild with repeated pullbacks to support and then a series of higher highs–until revisiting that June 15 IT sell spot at 923. Same deal here on ST with stop/reversal line at 910—action is bullish above/bearish below.

    Between 890 and 923 is a whipsaw zone where bulls and bears will be battling to seize control of the big trend. Nothing gets resolved in the big picture (in my opinion) until one side or the other breaks out of that range.

    …my .02

  • Fujisan

    SPY might hit 93.87 by the end of today.

  • rhae

    SPY 60m smacked into a bunch of over head supply… any move above 93.33 would suggest a hungry bulls… I don't think so… the top is in, lol

  • salvadorveiga

    No… my setups are usually 1H, 4H or daily … I put 15M just in S&P so I can have a better intraday sense and keep me alerted in possible big rebounds on S&P. It looks good so far…

    It got a buy yesterday at 913… still have to run tests but just taking a quick glance for the last couple months looks good in spotting rebounds or beginnings of a new trend…

    Now with the summer especially, I'm starting to divert into the 4H and daily charts so it doesn't take too much time from me… ;)

  • Keirsten

    Yep, looks to me like it'll swing. This should be fun! LOL

  • annamall

    Hi Fuji! You're call has been spot on! You go girlfriend! :-)

    I just added more SPY 94 August calls, can't fight the tape.

  • Fujisan

    Yup, I went long SPY yesterday and I'm perfectly fine with that!

  • katzo7

    You guys really have to fight the tendency to not take profits. In an up market, take any short position profits ASAP. Yesterday provided an excellent opportunity. Look at my channel, If it breached that, then you hold shorts.

    I am no fucking genius, just a guy with an internet connection and two laptops. And eSignal. But what I do is to pay attention to when the gears all mesh. I cannot/will not fight that!

  • Fujisan

    Thanks, sweetheart!

  • springheel_jack

    It now seems very likely that $TRAN will confirm the Dow high on May 8 over the next few days and may well rise to over 3404.11 to confirm today. It will have taken eight weeks & will be a correspondingly weak Dow Theory confirmation, but it does put a significant dent in any projections that we might make new equity lows over the summer.

    Mole & Fujisan & amgrant are projecting a limited pullback over the summer followed by an upswing with P3 starting after that. That is looking increasingly likely IMO.

    I'll be buying on the dips untiil July 7th at least.

  • Fujisan

    Very good idea, Sal. I use the same setup for both SPY and currencies and they are working quite well. I normally use 1H set up – 4H seems too slow for me.

  • salvadorveiga

    that's a big move from yesterday's close

  • Fujisan

    I brought this point a couple of days ago, but SPY 95 calls have a huge open interests more than 200K, so it will hit at least 95 by early next week, so be prepared, bears!

  • http://spnakr007.blogspot.com/ Steve

    Yikes, I hope I didn't come across as a coffee snob… : ) I have so much admiration for Howie, getting his company back and to turn it around. BTW I had a iced skim mocha yesterday, just don't tell my coffee friends..
    I will love to serve you some my coffee..here are some of them.. http://www.flickr.com/photos/spinnaker007/sets/

  • salvadorveiga

    yeah me too is usually 1H, but whenever I don't want to spend much time around I use daily's and 4H… for example Summer vacations where I'm at the pool or the beach :D

    it's still profitable but doesn't require me to keep my eyes on a computer every time :-D

    As for the /ES the 15Minutes is just to spot this couple day trends… if I had it setup last night it would've indicated a long at 913… a 20 point profit by now :-D

    How's my little Roger? Isn't he playing today?

  • DoubleNaughtSpy

    Looks kinda toppy here on the 15 minute…I guess that means GO LONG! LOL ;-)

  • katzo7

    Every nOOb should pay attention to this guy.

    Every old timer knows who he is.

    Thnx a lot swinger, really appreciate it.

    PS-think the short board is doing ok today?

  • MaxPainMan

    eh… holding my nose, taking the plunge into some SPY puts…

  • Fujisan

    That's the daily PP set up. You shoudl turn on your PP– It works quite well in both currency and SPY trades.

    Also, if you take the recent low of 88.85 to yesterday's 93.06, and apply it to yesterday's low, you will come up with 95.69 for abc extension, which should be coming up by early next week.

  • dollar

    Quick poll: is there anyone here that is short anymore, long term or short term?

  • rhae

    Trading pretty easy if you got kids around, just ask them if the line is going up, or going down…. Like those kids on that Ally Bank commercial… wanna a pony, ride your bike, pile of junk…

  • mrclam

    Shorted /ES at 927.50, will post how that goes later.

  • ZeroPointMind

    Fujisan, do you have any projections for LOD ?
    i.e. best guess on good entry point to add to long position ?
    TIA

  • MadDogLV

    Why is the high open interest in the CALL side more important to the even higher OI on the put side at 90? Still trying to figure all this options stuff out so pardon the n00b question….

  • http://www.srsfinance.com SRSFinance

    I take it you have dumped the head and shoulders theory?

  • rhae

    sure, I know what a pile of crap is….but I can't seem to get my little bike out of that little square

  • Fujisan

    Oh, looks yummy (and beautiful too!). This is such a French technique – to create an art with food!

  • DoubleNaughtSpy

    Just the inexperienced types…like me. I'm about to capitulate though so the top is near. :-)

  • divergence

    I have a fair sized short on Cubes at around $35 average for multi-month hold/hedge. She will breakdown and gimme that sweet stuff – it just may take awhile.

  • katzo7

    I don't quite understand what you are gettin at Rhae?

  • isaiah64v4

    FYI

    “What is the ‘monthly strength period’? As described in more detail in my books, it is the period surrounding the end of each month when extra money usually flows into the market, fueling some strength for a few days. The extra chunks of money come from those who ‘dollar cost average’ into the market on a monthly basis, from employers’ monthly contributions into their employees’ 401K plans, from those who receive bonuses and commission checks on a monthly basis, etc”
    from
    Sly Harding Blog

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

    this obviously can now be seen as a 5 wave move up from 888. it could be a number of things, one of which is a of an abc that will put in wave 2 or B. We could move lower here soon for the b leg, then on up to c. As long as 956.23 isn't taken out, then this count is viable.

  • katzo7

    Anyone pick up my GDX recommendation around 37.50? I did not, no cash left. DO NOT GO IN NOW, too late.

  • Osso

    not short on arrogance from the puppet master….hehehehe…

  • faafa

    Yup. That's my. Got out of my longs at 928, then went short hoping for a scalp trade today.

  • divergence

    Sorry Fuj, but neither one of us knows what it will do based on that OI. I don't find definitiveness to be helpful. One should be thinking and planning for either contingency.

  • faafa

    Hi Fujisan,
    When you get a break, would you please give us another comment cleaner? Thanks!

  • springheel_jack

    If we go up over 935 SPX from here then both the inverse H&S on the SPX 60 min & the H&S on the SPX daily are invalidated I think. Possibly before that.

    Might still get a double top on SPX though.

  • katzo7

    Just wait, you will have plenty of opportunity.

  • Osso

    it did not fill a gap at 37.33. AUY did. Bot 8.78…

  • http://spnakr007.blogspot.com/ Steve

    hopefully I can serve them to you one day.

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

    no, there is still one present

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

  • GDII

    i take it as a potential top. expect a pullback below 924.

    ps request to anna, once per day, ok. you change too frequently which is too distracting. ;)

  • Keirsten

    Almost perfect three crows on 15 min. charts of both DIA and SPY here.

  • Osso

    only go there if i get paid.

  • springheel_jack

    Next key resistance I think.

    Still can't believe we took out 930 on such rubbish news today. This week is traditionally a very strong week for equities though.

    Mole would tell me now now to trade the news. The fall yesterday was all about the news though.

  • Keirsten

    Can't think of the name of that John Wayne movie- but it's a goody! :-)

  • springheel_jack

    Very interesting.

    Three Black Crows: Three Black Crows Candlestick example image from StockCharts.com A bearish reversal pattern consisting of three consecutive long black bodies where each day closes at or near its low and opens within the body of the previous day.

  • standard_and_poor

    Mtxx, pcbc, pacr, sqnm, ncs

    are the stocks I'll be adding to high risk portionof portfolio. These are all high risk beaten down stocks that may have a good chance of doubling only if this market really takes off.

    Only for high risk part of portfolio. Use stops.

    I'm looking for a dip to add some of the above stocks. We need to hold 913-910.

    I'll list about 10 other stocks in a roadmap tonight hopefully.

  • ZeroPointMind

    I am curious if you think that will take us as low 925 before we turn back up.

  • BigHouse(Aka Mr Vix)

    Triabgle on RIMM .Big move coming

  • Keirsten

    … always looking for those patterns intraday too. :-) This new candle has to confirm though or it's null and void.

  • Osso

    watching SMH..previous high: 22.285.

  • rhae

    Not important, from an Old Ted Koppell quote… Zen Trader… basically only the current now is important, nothing else matters.

  • faafa

    Odd…my SPY 15 min. only shows two. ???

  • springheel_jack

    If we go any higher then the double top is the next option.

    If Fujisan is right about peaking within a week then the double top option is definitely on the table.

  • Keirsten

    We probably have different feeds, what are you using Faafa?

  • disrespekt

    fkin AIG…immense short, options not repriced yet, no shares available.

    Why doesn't the government that owns all of AIG just use IT to provide health care coverage? They can finance it by selling more CDSs against mortgage debt.

    AIG is on its way back to 1. I will be buying puts on this pig as soon as I freakin can

  • katzo7

    Oh, thnx Rhae.

  • http://gemstowear.etsy.com Jan

    DX gaining strength and Crude is hanging ont gain by toenails

  • faafa

    Fidelity. The third one is now forming.

  • faafa

    Fidelity. The third one is now forming.

  • katzo7

    I get no pleasure out of seeing ppl in loss, I am a humanist and truly love everyone.

    Some levels for the bold shorters here.
    Turn here very good for my case
    break 922very good for bear case, ST that is.

  • isaiah64v4

    Is this not amazing…

    “Legislators in more than a half-dozen states, their revenues evaporating in the recession, frantically worked to stave off government shutdowns and devastating service cuts. California failed to meet a midnight deadline and now may need to issue IOUs instead of paying bills.”

    and yet….. the markets rally.

  • rhae

    AUY one of my favorites, tho not playing at this time

  • Squidman

    It's nice to see you posting more frequently.

  • Keirsten

    Okey dokey- I use AMTD for my feed, although I have Fidelity as a back-up. That pattern is actually called three identical crows- I should have made that distinction earlier. My bad.

  • 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„¸

  • http://gemstowear.etsy.com Jan

    ((((((((Squid))))))

  • springheel_jack

    Looking pretty good, though the body looks too small and the lower shadow seems overlong on the third one.

    We are consolidating here though. We might get down a few points further regardless.

  • 1981er

    I would love it if we hit SPY 95-96 soon (still have my OTM 95's bought almost 2 weeks ago when SPX was under 900).

    I will most likely load up on puts around that time.

  • faafa

    Thanks Keirsten.

  • rockybalboaa

    Fujisan,

    Been following your posts n calls. U have mentioned a few times that the key date is 7th July. What r u expecting on 7th July….a selloff to the 880 levels or a rally?

    Thx

  • rhae

    SPY 10m a baby regression channel is born..
    http://screencast.com/t/dMKNbELf1tU

  • katzo7

    New post.
    http://www.bostonwealth.net/2009/07/01/a-longer

    Always what is happening now, then today, then next week, then in the future. Constant motion in thinking. A restless mind.

  • Fujisan

    No, not quite yet. SPY has to close above yesterday's high and that is going to be my confirmation. Even if that happens, SPY may have a double top early next week and then come down to expire around 90, and that's my current scenario.

  • Fujisan

    That would be my scenario if SPY closes above yesterday's high today.

  • wisgo

    Fujisan,

    Do you know how to tell the volume is from option buy or sell?

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

    Employment figures were bad and the zero is definitely not confirming this move up.

    That seems a very unpromising start to break key resistance at 930. Surely we must weaken from here.

  • Osso

    negative divergence within indexes…NDX 1494 resistance…Qs cant go over 36.75…

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

    Until proven otherwise (a breach of 930) i'm sticking to this being a wave 2. Per EWP, “second waves often retrace so much of wave one that most of the profits gained up to that time are eroded away by the time it ends…. At this point, investors are thoroughly convinced that the (bull) is back.”

  • http://www.hotoptionbabe.com annamall

    I think we may just fill that gap up this morning :)

  • Cerebro82

    I'm here with you brotha… The profits have surely eroded lol. A wave 3 would be so niiiiicccceee right now!

  • Blind_Squirrel

    Now Damnit!!!!!!

    LOL

  • Cerebro82

    What gap are you talking about Miss Anna?

  • Cerebro82

    brilliant the gap up this morning lol… My bad lol

  • standard_and_poor

    Currently 11% long but hedged. Will remove hedge today and increase to 15-20%
    net long exposure on weakness.

    Rooftop love, someone out there likes Paul.
    http://www.youtube.com/watch?v=E92m1Ma959M

  • BigHouse(Aka Mr Vix)

    Short RIMM.Die rimm die

  • Steve

    Just want to say good morning to Fujisan…I am having a nice cup of coffee…

  • C.C. Rider

    I'm getting bullish here! First target 944, second target 972. Me thinks a good second quarter gets priced in b4 earnings ala July 15 and Bradley turn date which is a major turn.

  • ropey

    ugh that exactly the worst case situation for me which explains it

  • C.C. Rider

    Whipsaw central! LOL!!

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

    I have to start to agree with you. I mentioned that we could see a rally into first week of August and this tape is starting to prove that hypothesis correct.

  • Fujisan

    Thanks, Steve. I won't be able to visit you at Ace anymore…. come to say hi at any time.

    Of course I'm getting my morning coffee as well (sorry, it's just a Starbucks….)

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

    flat, waiting for retest of 928 now

  • C.C. Rider

    Watch VIX and 25, DXY and 79.43. Those get breached, and major thrust up.

  • Cerebro82

    uh oh we are in need of a sell of shortly or shit is bout to hit the fan

  • gusrock1414

    With all the ass kissing you get, someone has got to bring you down to earth. ;-) Making fun of you and reading your very smart trading ideas is the only thing that keeps me on this site.

  • ausdude

    With you on that. Trading off a 5 minute chart, but looks like it is getting ready to explode to the upside!!

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

    gl
    just watch for 71.78 – shall not be broken

  • C.C. Rider

    Breach on the VIX, watch out above.

  • katzo7

    I am suggesting that you do not try to short any of this UNLESS you are to most sophisticated trader and extremely short term.

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

    I think a huge rally is on the horizon…going to be violent

  • http://www.hotoptionbabe.com annamall

    Jeez thanks allot Gus, and coming from a troll! :-)

  • http://www.hotoptionbabe.com annamall

    yes cute mouse!

  • http://jogarembolsa.blogspot.com salvadorveiga

    Fuji :-D … I got to put my forex trending indicator into S&P eheheh… nice ! it looks very good as well… I'm putting it on a 15 M timeframe to avoid whipsawings…

    Gonna have to run some tests to see before starting to trade it but it looks very promising :-D

  • Lordted

    That was a migic moment in UK… I had just started work then… Long long time ago

  • isaiah64v4

    Keirsten

    Had to do it. Grab some DTO @ 71…. Finger on the sell trigger. Looking for inventories to be up. Read where AAA says weekend travel to be down this 4th.

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

    dear market i love double tops, please sell off now

  • Osso

    transports..on fire…

  • http://www.hotoptionbabe.com annamall

    ) Oil is smoking! That should put some crimp in this green shit recovery!

  • C.C. Rider

    2 minutes or less!! LOL!

  • Keirsten

    Approaching that broken channel line shortly. Almost there.

  • katzo7

    LOL
    We are on the same side now, love ya.

  • C.C. Rider

    I think you jinxed it darling!

  • Fujisan

    Once SPY busts yesterday's high, the next destination is 96.2.

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

    chalk one up for katzo's new GET program

  • katzo7

    Oh yeah?
    LOL

  • http://www.hotoptionbabe.com annamall

    damn!

  • katzo7

    Hahahaha
    EWs are smoke and mirrors.
    Snake oil.
    Unreliable.

  • http://www.hotoptionbabe.com annamall

    Glad I am long Apple Google :)

  • Lordted

    Now or never… Could be a fake here… IMO

  • Steve

    Of course, and will do.. I don't have anything against StarBee's : ) Without it, I wouldn't know about the specialty coffee…

  • Fujisan

    Same here, Anna.

    How cute you look! I totally adore you!

  • http://www.hotoptionbabe.com annamall

    whoa you can say that again. ;)

  • MaxPainMan

    fuuuuuuuuuuuuuuuuuuuuuuuucccccccckkkkkkkkkk

  • http://www.hotoptionbabe.com annamall

    out of all short positions.

  • Fujisan

    Fake or not, it's going higher. Remember, the key turning day is July 7th.

  • isaiah64v4

    Keirsten

    :-) it worked!

  • C.C. Rider

    Better call Red Adair!! Look him up.

  • http://www.mylifemytrade.com MyLifeMyTrade

    Small caps up HUGE.. 2% and more.. outperforming NDX & SPX.. it usually means hot money from the sidelines is piling in

  • Fujisan

    My, my, here is a coffee authority!

    I would have to agree with you, though, after trying such a nice coffee in Vienna…

    I will come to visit you in Chicago once you open up your own “specialty” coffee shop.

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

    Never in my life have I been so glad to be 100% cash. I am not holding any overnight positions until we see some downside…risks here to upside are far too great compared to reward, even though I do think we go to new highs or close to it. Just trading ES intraday that's it.

  • Keirsten

    Coincidentally, we're pushing against the long term TL from Sept. 08 on the daily here.

  • fballislife

    Doesn't look good for that….gl

  • Lordted

    It's chalked on my wall… Thank you

    By the way Rog chalked up 3-0… Top boy!!

  • ropey

    transports are headed to the 200ma, if that breaks then boom game over bears

  • Cerebro82

    yesterday was the probably 4th wave in a 5 wave up move.Shit that was a costly mistake

  • Fujisan

    Good morning, sweetie!

    Are you trading off of 15 M chart? Is it your normal setup for a currency trade?

  • katzo7

    WOW, WTF!
    This is even surprising me. I told BS on chat I thougth it might go sideway at DOW up 100 or so until afternoon. Unbelievable.
    AND
    I really feel for anyone who is presently short. You would not believe how many times I have been there in my life. Shorting pops, AZO, etc.
    You cannot trade news, only charts BUT the perception is that economy is fixed. Is it? I dunno, but I cannot fight the perception.
    The way I approach it is that every littl' day adds info or subtracts same from my call. All adding up now.

    If you want my longer term prediction, I think this EW5 rally will prematurely fail at some point.

  • nirav777

    Mole Mole Mole….

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

    Not a pretty picture. That really hurt. Ah well.

  • Keirsten

    Daily SPY: Yellow line resistance- matches up to intraday backtest of channel

    http://tinyurl.com/kv46ju

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

    this guy on another site got the GET program about a month ago, it seems pretty reliable at spotting wave 5s

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

    Out of all short positions & switched to long. I think this rally is now solid until July 7th. We are going higher from here.

  • Keirsten

    Well, I grabbed some puts- will bail if we breach.

  • http://www.stopsandtargets.com/members/blog/ swinger

    US Dollar is in a fully bearish configuration. US equities are priced in US Dollars, ya know.

    Doh! <Homer Simpson reference> :-)

    Kind of surprised that more folks don't make that connection out there.

    ES is still in an uptrend here (that would be a series of higher highs and higher lows for those folks who might be a little fuzzy on the concept) since last IT buy signal at 885 on 6/23.

    Most recent VST higher low on ES was at 908, so probably not too bad of form to at least wait until that simple pivot gets taken out on the downside before joining the shorting frenzy–but hey…that's just me.

    Next VST resistance band is at 931-933 and that one is very important. Bears really don't want to see that taken out to the upside.

    —-posted yesterday————

    Couple of quick ES thoughts and then I have to run for the day…

    This has been a great range-trading market of late. Key timeframe in play has been the IT, where a sell was generated June 15th at 923 and then a buy at 885 on 6/23 and then a partials sell at the back kiss of 923 (at countertrend resistance) today.

    Ideal trade (in my opinion) is still long partials from 885 (partials sold at 923 for +38) with a trailing stop at around 890 and a second partials stop just under ST support at 910.

    ST has been wild with repeated pullbacks to support and then a series of higher highs–until revisiting that June 15 IT sell spot at 923. Same deal here on ST with stop/reversal line at 910—action is bullish above/bearish below.

    Between 890 and 923 is a whipsaw zone where bulls and bears will be battling to seize control of the big trend. Nothing gets resolved in the big picture (in my opinion) until one side or the other breaks out of that range.

    …my .02

  • nirav777

    You said premature…haha… Beavis…

  • Fujisan

    SPY might hit 93.87 by the end of today.

  • rhae

    SPY 60m smacked into a bunch of over head supply… any move above 93.33 would suggest a hungry bulls… I don't think so… the top is in, lol

  • http://jogarembolsa.blogspot.com salvadorveiga

    No… my setups are usually 1H, 4H or daily … I put 15M just in S&P so I can have a better intraday sense and keep me alerted in possible big rebounds on S&P. It looks good so far…

    It got a buy yesterday at 913… still have to run tests but just taking a quick glance for the last couple months looks good in spotting rebounds or beginnings of a new trend…

    Now with the summer especially, I'm starting to divert into the 4H and daily charts so it doesn't take too much time from me… ;)

  • Keirsten

    Yep, looks to me like it'll swing. This should be fun! LOL

  • http://www.hotoptionbabe.com annamall

    Hi Fuji! You're call has been spot on! You go girlfriend! :-)

    I just added more SPY 94 August calls, can't fight the tape.

    BTW I have been on Ebay/Amazon looking for Art by Housaki , I am in love with his work!

  • Fujisan

    Yup, I went long SPY yesterday and I'm perfectly fine with that!

  • katzo7

    You guys really have to fight the tendency to not take profits. In an up market, take any short position profits ASAP. Yesterday provided an excellent opportunity. Look at my channel, If it breached that, then you hold shorts.

    I am no fucking genius, just a guy with an internet connection and two laptops. And eSignal. And eSignal does not do all of the work, I do! But also what I do is to pay attention to when the gears all mesh. I cannot/will not fight that!

  • Fujisan

    Thanks, sweetheart!

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

    It now seems very likely that $TRAN will confirm the Dow high on May 8 over the next few days and may well rise to over 3404.11 to confirm today. It will have taken eight weeks & will be a correspondingly weak Dow Theory confirmation, but it does put a significant dent in any projections that we might make new equity lows over the summer.

    Mole & Fujisan & amgrant are projecting a limited pullback over the summer followed by an upswing with P3 starting after that. That is looking increasingly likely IMO.

    I'll be buying on the dips untiil July 7th at least.

  • Fujisan

    Very good idea, Sal. I use the same setup for both SPY and currencies and they are working quite well. I normally use 1H set up – 4H seems too slow for me.

  • http://jogarembolsa.blogspot.com salvadorveiga

    that's a big move from yesterday's close

  • Fujisan

    I brought this point a couple of days ago, but SPY 95 calls have a huge open interests more than 200K, so it will hit at least 95 by early next week, so be prepared, bears!

  • Steve

    Yikes, I hope I didn't come across as a coffee snob… : ) I have so much admiration for Howie, getting his company back and to turn it around. BTW I had a iced skim mocha yesterday, just don't tell my coffee friends..
    I will love to serve you some my coffee..here are some of them.. http://www.flickr.com/photos/spinnaker007/sets/

  • http://jogarembolsa.blogspot.com salvadorveiga

    yeah me too is usually 1H, but whenever I don't want to spend much time around I use daily's and 4H… for example Summer vacations where I'm at the pool or the beach :D

    it's still profitable but doesn't require me to keep my eyes on a computer every time :-D

    As for the /ES the 15Minutes is just to spot this couple day trends… if I had it setup last night it would've indicated a long at 913… a 20 point profit by now :-D

    How's my little Roger? Isn't he playing today?

  • DoubleNaughtSpy

    Looks kinda toppy here on the 15 minute…I guess that means GO LONG! LOL ;-)

  • katzo7

    Every nOOb should pay attention to this guy.

    Every old timer knows who he is.

    Thnx a lot swinger, really appreciate it.

    PS-think the short board is doing ok today?

  • MaxPainMan

    eh… holding my nose, taking the plunge into some SPY puts…

  • Fujisan

    That's the daily PP set up. You shoudl turn on your PP– It works quite well in both currency and SPY trades.

    Also, if you take the recent low of 88.85 to yesterday's 93.06, and apply it to yesterday's low, you will come up with 95.69 for abc extension, which should be coming up by early next week.

  • dollar

    Quick poll: is there anyone here that is short anymore, long term or short term?

  • rhae

    Trading pretty easy if you got kids around, just ask them if the line is going up, or going down…. Like those kids on that Ally Bank commercial… wanna a pony, ride your bike, pile of junk…

  • mrclam

    Shorted /ES at 927.50, will post how that goes later.

  • ZeroPointMind

    Fujisan, do you have any projections for LOD ?
    i.e. best guess on good entry point to add to long position ?
    TIA

  • MadDogLV

    Fujisan, Why is the high open interest on SPY in the CALL side more important to the even higher OI on the put side at 90? Still trying to figure all this options stuff out so pardon the n00b question….

  • http://www.srsfinance.com SRSFinance

    I take it you have dumped the head and shoulders theory?

  • rhae

    sure, I know what a pile of crap is….but I can't seem to get my little bike out of that little square

    probably because I can't hit the right button for reply, lol

  • Fujisan

    Oh, looks yummy (and beautiful too!). This is such a French technique – to create an art with food!

  • DoubleNaughtSpy

    Just the inexperienced types…like me. I'm about to capitulate though so the top is near. :-)

  • divergence

    I have a fair sized short on Cubes at around $35 average for multi-month hold/hedge. She will breakdown and gimme that sweet stuff – it just may take awhile.

  • katzo7

    I don't quite understand what you are gettin at Rhae?

  • isaiah64v4

    FYI

    “What is the ‘monthly strength period’? As described in more detail in my books, it is the period surrounding the end of each month when extra money usually flows into the market, fueling some strength for a few days. The extra chunks of money come from those who ‘dollar cost average’ into the market on a monthly basis, from employers’ monthly contributions into their employees’ 401K plans, from those who receive bonuses and commission checks on a monthly basis, etc”
    from
    Sly Harding Blog

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

    this obviously can now be seen as a 5 wave move up from 888. it could be a number of things, one of which is a of an abc that will put in wave 2 or B. We could move lower here soon for the b leg, then on up to c. As long as 956.23 isn't taken out, then this count is viable.

  • katzo7

    Anyone pick up my GDX recommendation around 37.50? I did not, no cash left. DO NOT GO IN NOW, too late.

  • Osso

    not short on arrogance from the puppet master….hehehehe…

  • faafa

    Yup. That's me. Got out of my longs at 928, then went short hoping for a scalp trade today.

  • divergence

    Sorry Fuj, but neither one of us knows what it will do based on that OI. I don't find definitiveness to be helpful. One should be thinking and planning for either contingency.

  • faafa

    Hi Fujisan,
    When you get a break, would you please give us another comment cleaner? Thanks!

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

    If we go up over 935 SPX from here then both the inverse H&S on the SPX 60 min & the H&S on the SPX daily are invalidated I think. Possibly before that.

    Might still get a double top on SPX though.

  • katzo7

    Just wait, you will have plenty of opportunity.

  • Osso

    it did not fill a gap at 37.33. AUY did. Bot 8.78…

  • law6

    blkb is interesting..

  • Steve

    hopefully I can serve them to you one day.

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

    no, there is still one present

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

  • http://readingtowin.blogspot.com/ Boris

    i take it as a potential top. expect a pullback below 924.

    ps request to anna, once per day, ok. you change too frequently which is too distracting. ;)

  • Keirsten

    Almost perfect three crows on 15 min. charts of both DIA and SPY here.

  • Osso

    only go there if i get paid.

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

    Next key resistance I think.

    Still can't believe we took out 930 on such rubbish news today. This week is traditionally a very strong week for equities though.

    Mole would tell me now never to trade the news. In his absence I shall give myself a sharp rap on the knuckles. The fall yesterday was all about the news though.

  • Keirsten

    Can't think of the name of that John Wayne movie- but it's a goody! :-)

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

    Very interesting.

    Three Black Crows: Three Black Crows Candlestick example image from StockCharts.com A bearish reversal pattern consisting of three consecutive long black bodies where each day closes at or near its low and opens within the body of the previous day.

  • standard_and_poor

    MTXX,PCBC, PACR,SQNM, and NCS

    are the stocks I'll be adding to high risk portion of portfolio. These are all high risk beaten down stocks that may have a good chance of doubling only if this market really takes off.

    Only for high risk part of portfolio. Use stops.

    I'm looking for a dip to add some of the above stocks. We need to hold 913-910.

    I'll list about 10 other stocks in a roadmap tonight hopefully.

  • ZeroPointMind

    I am curious if you think that will take us as low 925 before we turn back up.

  • BigHouse(Aka Mr Vix)

    Triabgle on RIMM .Big move coming

  • Keirsten

    … always looking for those patterns intraday too. :-) This new candle has to confirm though or it's null and void.

  • Osso

    watching SMH..previous high: 22.285.

  • rhae

    Not important, from an Old Ted Koppell quote… Zen Trader… basically only the current now is important, nothing else matters.

  • faafa

    Odd…my SPY 15 min. only shows two. ???

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

    If we go any higher then the double top is the next option.

    If Fujisan is right about peaking within a week then the double top option is definitely on the table.

  • Keirsten

    We probably have different feeds, what are you using Faafa?

  • disrespekt

    fkin AIG…immense short, options not repriced yet, no shares available.

    Why doesn't the government that owns all of AIG just use IT to provide health care coverage? They can finance it by selling more CDSs against mortgage debt.

    AIG is on its way back to 1. I will be buying puts on this pig as soon as I freakin can

  • standard_and_poor

    Oh come on Lord Ted, old money and landed gentry never get old. You should be like Mick, still wearing
    leotards and still chasing young models.
     

    ________________________________

  • katzo7

    Oh, thnx Rhae.

  • Lordted

    Who said I feel old?…. If you're too old to chase girls you might as well jump in the box

  • http://gemstowear.etsy.com Jan

    DX gaining strength and Crude is hanging on to gain by toenails

  • faafa

    Fidelity. The third one is now forming.

  • katzo7

    I get no pleasure out of seeing ppl in loss, I am a humanist and truly love everyone.

    Some levels for the bold shorters here.
    Turn here very good for my case
    break 922 very good for bear case, ST that is.

    I think the day's action is over though.

  • isaiah64v4

    Is this not amazing…

    “Legislators in more than a half-dozen states, their revenues evaporating in the recession, frantically worked to stave off government shutdowns and devastating service cuts. California failed to meet a midnight deadline and now may need to issue IOUs instead of paying bills.”

    and yet….. the markets rally.

  • rhae

    AUY one of my favorites, tho not playing at this time

  • Squidman

    It's nice to see you posting more frequently.

  • Keirsten

    Okey dokey- I use AMTD for my feed, although I have Fidelity as a back-up. That pattern is actually called three identical crows- I should have made that distinction earlier. My bad.

  • 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„¸

  • http://gemstowear.etsy.com Jan

    ((((((((Squid))))))

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

    Looking pretty good, though the body looks too small and the lower shadow seems overlong on the third one.

    We are consolidating here though. We might get down a few points further regardless.

  • standard_and_poor

    Good man place box back into storage. Go get some satisfaction.

    ________________________________

  • http://twitter.com/Scrillhog Scrillhog

    I would love it if we hit SPY 95-96 soon (still have my OTM 95's bought almost 2 weeks ago when SPX was under 900).

    I will most likely load up on puts around that time.

  • faafa

    Thanks Keirsten.

  • http://bostonwealth.net Rocky

    Fujisan,

    Been following your posts n calls. U have mentioned a few times that the key date is 7th July. What r u expecting on 7th July….a selloff to the 880 levels or a rally?

    Thx

  • rhae

    SPY 10m a baby regression channel is born..
    http://screencast.com/t/dMKNbELf1tU

  • katzo7

    New post.
    http://www.bostonwealth.net/2009/07/01/a-longer

    Always what is happening now, then today, then next week, then in the future. Constant motion in thinking. A restless mind.

  • Fujisan

    No, not quite yet. SPY has to close above yesterday's high and that is going to be my confirmation. Even if that happens, SPY may have a double top early next week and then come down to expire around 90, and that's my current scenario.

  • Fujisan

    That would be my scenario if SPY closes above yesterday's high today.

  • wisgo

    .





    Zero Indicator


    Darth Mole Alerts

  1. poll

    • What is your average spread on the EUR/USD?



      view results

      Loading ... Loading ...


  2. search warrant


  3. recent misdeeds

    1. Mad Monday Morning Briefing
    2. I Robot
    3. FEAR
    4. Falling Swords
    5. The End Of The Beginning
    6. Not Business As Usual
    7. Time For A Breather
    8. Prepare to be confused
    9. Major Technical Damage
    10. How to take a punch




  4. yes we can!



    NinjaTrader
    Kinetick