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Channel Magic
154

Channel Magic

by The MoleMay 18, 2009

UPDATE 12:40pm EDT: We are starting to paint a channel on the Cubes:

Let’s see what happens at 34 but it’s looking greener and greener by the minute – zero participation or not. Could be a monster fake out – yes. But don’t ride it out until infinity. I won’t propose a stop here as I’m sure it’ll get touched otherwise. Happened last time on the 11th. The tape of the past few weeks suggests that market makers are reading this blog, so I have to be less specific when suggesting exit points. If I say exit at 34.1 you can bet your rectum that it’ll be touched – LOL :-)

UPDATE 12:56am EDT: Disclosure: I loaded up on more Cubes puts at 34 – just couldn’t help myself.

UPDATE 1:31pm EDT: I just updated the channel chart above – don’t you love it how they work out lately? Well, if you loaded up around 34 then set a stop at your comfort level. Remember a breach of 905/907 on the SPX is probably where we can kiss the bearish scenario goodbye.

UPDATE 1:40pm EDT: SPX breadth ratio now 4.6:1 advancing issues – NDX 5.8:1 advancing issues. In that context I find it interesting that GOOG is down today. IF we get a bullish confirmation (i.e. Soylent Green) this might be the one to grab…

UPDATE 1:50pm EDT: Here are some hourly ES long RLs for you rats:

I picked 889 as the 100% mark – let’s see if we even get to VWAP at 894 – I’m not seeing any real selling. Very much possible this migh push higher today. Remember – zero participation reduces odds on both the RLs and the Zero.


About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at various social media waterholes below.
  • mrclam

    Question for those running Fuji's QQQQ spread, would you recommend exiting the hedge at 34.08?

  • GDII

    maybe a little bit off-topic, but how do u guys use ewi?

  • molecool

    You buy back a 33/31 credit spread – or leg out if you want.

  • BalaB

    “The tape of the past few weeks suggests that market makers are reading this blog” – Yep. This is what I had been alluding to on the last post.

    Kind of cool you 'made it' to such prominence but perhaps we should devise a method to avoid giving away the goods.

  • ropey

    re: my previous post, still bearish, i personally would only be concerned if they took the 200ema out on strong volume..that's around 34.20 or so on the daily.

  • salvadorveiga

    this is why I made tha tpost in the morning…

    participation or not, with mole's advice or not, evil.rat today is having so far a great day.

    And from a overall loss of 225 USD for the past 30 days, with todays tape if we were to close at this level we'd already be in the green overall…more than +350 USD for someone that trades 1 contract

    What a difference a good day can make :)

  • mrclam

    Thanks, I'm assuming the 34.08 level is good to place an order at then.

  • ropey

    Mole, CME looking juicy again for another short, i hope they can jack it up just a bit more….loved the call on that the other day around 297….they didn't fill that gap on friday, only 2$ from it – so i think it's headed there soon…

    Am i talking out of my arse or is that sounding about right?

  • BalaB

    Ha. Figures…I didn't even get an alert today.

  • molecool

    I've been loading up all the way. But there will be a point soon where Soylent Green becomes very plausible.

  • itsgold

    If the QQQQ's hit the 34+, i'll be looking at a short position. Until then, I'm just day trading the PZI. Great day using it btw.

    Good luck all.

  • molecool

    Because you're a lowly NQ subscriber – the ES is part of the millionaires club – mmwwwuuuuaaahaahaaaa!!!

  • annamall

    you know what Bala the same thing ran through my mind :-)

  • molecool

    I suggested actually a way to lure the tape around. Could be fun if everyone participates. Maybe I create an extra mailing list for anyone who wants to join in. Whatcha think?

  • annamall

    The volume is absolutely nada. My volume line in TOS charts on ES is almost completely flat, housing starts tomorrow. I agree with Mole though, that doesn't mean they can't jack up this tape to their liking.

  • LostIllini

    Does that make mole a “MM”, if so is there a secret handshake he needs to learn?

  • molecool

    No, that only makes me stop bait.

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

    Sounds like an evil plan in my book, count me in

  • Count_de_Monee

    Mole,
    Your point about the MMs reading this blog dovetails nicely with what I wrote a few weeks ago regarding giving out too much intel on a public forum. I know it probably goes against your business model, but maybe it's time to consider some kind of dual system: ie. this regular open blog and a closed invitation only type where we can discuss things without showing our cards to the pros (you bet your a$$ they read this).

  • molecool

    Yeah, just a matter of how much pain you can take. And please don't make this an innuendo – LOL :-)

  • molecool

    Wouldn't make a difference as any market maker would be happy to spring the coin for a subscription. I just have to be smarter and so do you guys.

  • ropey

    i don't believe they read any of it personally. The TOS guy that spoke with me said he to be an MM and all the servers do is monitor the deltas and keep it within a certain range so if people are taking large bets one side it simply compensates with the other and so forth. They're in the business of scalping for fractions of a cent and so on, he also said that the boogey man story of MM's watching your stops and taking them out is completely bogus, TOS stops are on the TOS side not the exchange for starters so they have no way of knowing what it is…

  • Osso

    GS found resistance at the posted 1st point…..

  • BalaB

    Well, I'm always up for anything that takes on a Goliath.
    Our resources are a pittance compared to the MM however, I do have a few valuable relationships that I'd be willing to donate in pursuit of a well organized solution.

  • katzo7

    This went higher than I thought it would, I think TWaffle said 902 for a gap fill and if so was right on target.
    I see stochs and MACDs just starting to roll over on the longer timeframes I watch, perhaps a mid-afternoon set back (down).

  • http://jadedapprentice.com JadedApprentice

    Heading up on fumes – don't trust this at all. To hedge against the bear squeeze scenario, I reloaded on a handful of heavily squeezed names that were down over the past week, up for today and have plenty of runway for more squeeze action: S, DRYS, AMZN, and NFLX

  • callie

    As I see it bottomed medium term and is now due for a (very) short term correction, should move much higher though, 100's area. Did you have a look at the daily and weekly charts on EWI? They give a clearer LT picture. Love that free currency service by the way.

  • BalaB

    What if there were a criteria that need to be met in order to obtain subscription?
    While the criteria may be invasive to a 'consumer', completely appropriate for our purposes.

  • BalaB

    See that's not what TOS told me regarding stops.
    I can tell you from experience, when trading the e-Minis, a very clear majority of the time my stops have been hit. I just stopped using them entirely.

  • BalaB
  • ropey

    Have a chat with Don Kaufman, all their stops are on the TOS servers unless i completely misheard him.

  • annamall

    :-) LOL BTW on your post below are you loading up on Short or longs?

  • molecool

    Very tight shorts.

  • http://snpmonster.blogspot.com/ SnPMonster

    Paranoia in the air…lol

    VIX OpEx, MM are taking profit on VIX options, all calls got butchered pretty badly.

  • Squidman

    I think it is clear with the divergence between the two and the alternating days of signals that you'll only be trading half the time with just one. Or something like that.

  • molecool

    Hehe – exactly :-)

  • molecool

    That would have cut it close – but yes – we are pushing into 'green potential' territory. If you're buying up here you can push it a bit higher – not much lost.

  • molecool

    Well… IF we 50 people would set a stop at a particular level I am fairly sure the bots would come to sweep it. All we would have to do is to pull it at the very last moment and then buy/sell the opposite direction.

  • BalaB

    I don't doubt you. I just think there are two different 'understandings and or explanations'.

  • ropey

    /DX continuing along its descending channel at the mo…85.52 issue for a bounce?

  • malusDiaz

    If “No News” is good news,

    And bear market rallies reverse on “good news”

    All that is needed is no news….

  • BalaB

    “pull stops at the very last moment “
    LAUGH SNICKER SNORT….

    I DO THIS ALL DAY LONG as a safety precaution. As soon as it bounces back, I get right back under (or over if short)
    After hours is especially comical. Richnyc and I did something similar a few nights ago.

  • annamall

    me too!

  • rhae

    SPX daily, not giving up on the bears yet… tho short term bouncable… I think the daily chart needs another day to confirm todays action.

    this chart very dunno, imo
    http://screencast.com/t/yH2peFJ4ch8

  • Iguanadon

    Not a good visual… mole in very tight shorts….

    😉

  • annamall

    hmmm tight shorts 😉

  • rhae

    LOW BAC and India as far as I know

  • molecool

    I agree with Balab – especially after this morning. Either I can predict the future or the 898 spot was swept. And let's not forget that – stops mechanics via TOS or not – the MMs could be reading my emails/blog and not everyone trading here uses TOS.

  • BigHouse(Aka Mr Vix)

    Shorting FAS at 9.80

  • wex

    Guys,
    Please don't be so full of yourselves. The MMs don't have the time to follow a bunch of blogs. They are interested in what the giants are doing not the little guy traders. I'm not even considering the small retail guys who are on this and other boards. They care what Soros and his ilk are doing because they have impact and influence. Fidelity, T.Rowe Price , Citadel, Renaissance These are the people MMs might care about.

  • Count_de_Monee

    And don't forget bikini snapshots for our female subscribers (taking advantage of the fact that Katzo took the day off).

  • GoCougs

    Holding GS put vertical since Friday. Getting murdered today, just passed my $140 stop. Seems to have topped out though and I may hold for further confirmation.

    Thoughts?

  • molecool

    I myself am full of sweet chocolate – like a fucking piñata, hombre!

  • mrclam

    Alright mole, I am now totally confused. (I think we may be talking different things here)

    So we bought a put spread, bought the 33 puts, sold the 31 puts, right?

    Then as a hedge, we bought a call spread, bought the 31 calls, sold the 33 calls.

    Fuji was saying something about consolidation around 34.08, so I was assuming that was where we jettison the call spread. Both spreads are debits, so I'm not sure what you're referring to when you drop the credit spread.

    As for buying more puts(sounds like what you're talking about), I've thought about that but haven't made any definite decisions yet :)

    I guess what I'm now asking is….when we approach 34.10, are we expecting a reversal or a continuation of the uptrend? I guess if we expect soylent green to unleash, we should drop the put spread, and if we think it's going to drop back down, we should drop the call spread.

    Thanks for any clarification you can provide.

  • BalaB

    IMO, someone like Soros has enough power, relationships, etc. to make a stink. We are an easy target.

  • molecool

    I think basing your mental stop on the thresholds I offered might be another way. Really tough to predict where GS will go – I rarely trade this fucker as it's being banged harder like a cheap floozy in New Orleans.

  • lester

    I am short as can be, but it sure looks like an afternoon push may occur. I am gonna hold my Jun QQQQ and AAPL shorts until I make a profit (LOL as I cry).

  • annamall

    LMBO! touch'e

  • http://www.aggressivelyuninformed.com nepharis

    Glad I'm sitting out today. Always good to take a breather, especially after last week.

  • tranchefoot

    I believe there is a difference between hidden stop orders and stop-loss orders. Hidden stops are kept on the broker's servers as a conditional order and executed when the condition is met. Stop-loss orders are immediately send to the market center after being placed.

  • katzo7

    Just some random stupid thoughts.
    My predicted up day was verified, shit hate when that happens and I am right but short.
    Are we in oscillation city, like Aug. and Jan.
    Do we break higher?
    Or are we in an extended topping process? (all EW targets on up and downside get broken recently, consistent with the recent market action)
    Stochs on 60 min. topping and rolling over BUT MACD about to break zero line, conflicting views of future action

    As Big House would say, I just want to go back to bed with my teddy bear!

  • wex

    Funny

  • annamall

    I am taking a hit as well, but there is no volume in GS today. (they're buying themselves) Hang in there, the fluff will come out, and either you can get out (which I won't) still see them @ 120 by June OPX.

  • C.C. Rider

    Banks and tech will lead the final surge.

    http://stockcharts.com/charts/candleglance.php?…

  • lester

    katzo,
    Can you sell me a used copy of the bible for $20 bucks or so. I went to Barnes and Nobel and they wanted $70…I have never paid $70 for a book.

  • salvadorveiga

    Bala just stating the individually it looked like evil.rat was in a relative drawdown… and with such a freakin tape the last weeks….

    My point was if it's worth all the hassle to Mole issuing manual alerts, adivising, etc…

    The system even with all the alerts it got is marginally under water but after todays if nothing happens I expect it to be in the green… so what it looked that was kind of underperfoming if we looked at each trade individually, looking at the whole thing evil.rat is pretty much flat which is pretty good in my opinion

  • GoCougs

    Thanks to both of you. I am hanging in there for now. Going to watch your SPX levels as a new stop for right now. I can afford to lose the premium, so I will sit tight.

  • 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„¸

  • salvadorveiga

    I would join :) include me in 😀

  • annamall

    They might try and push this thing up one last time, but before the EOD this tape will be lower than here. IMHO

  • molecool

    Yeah, it's possible but read my next post as to where the wave count probabilities flip to the long side.

  • molecool

    Yeah, it's possible but read my next post as to where the wave count probabilities flip to the long side.

  • katzo7

    I may have taken the morn off but that didn't preclude the market taking mucho money off of me.

  • ropey

    internals trending up all day – cant see them not taking out the highs….SPX 905 looks a def possibility. Will be interesting to see the last 30 mins and what they do….got a feelin they'll just send it up parabolic style and then dump it at the open tomorrow unless more BS news comes out.

  • callie

    Long SCO 23.60, watching it closely, oil gets above 60.50 I'm out.

  • katzo7

    I don't have one to spare, look on Amazon for used?

  • lester

    OK just thought I would ask

  • mrclam

    Question for those running Fuji's QQQQ spread, would you recommend exiting the hedge at 34.08?

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

    maybe a little bit off-topic, but how do u guys use ewi?
    as usual, i am trading usdjpy. since this week i am using the ewi free service and trying to gain some edge. the language of the intraday updates is not very straight forward. it keeps on saying “With five waves from 94.56 upside potential over the short-term is limited, and, regardless of the larger trend, at least a corrective setback is due.”
    i long usdjpy since last night. this morning, i closed most at 95.7 since i don't want to go against ewi. however now it is traded at 96.26. how you guys use it?

  • http://evilspeculator.com molecool

    You buy back a 33/31 credit spread – or leg out if you want.

  • http://implicittrading.blogspot.com/ BalaB

    “The tape of the past few weeks suggests that market makers are reading this blog” – Yep. This is what I had been alluding to on the last post.

    Kind of cool you 'made it' to such prominence but perhaps we should devise a method to avoid giving away the goods.

    p.s. Same thing with Retracement Levels I suspect.

  • ropey

    re: my previous post, still bearish, i personally would only be concerned if they took the 200ema out on strong volume..that's around 34.20 or so on the daily.

  • http://jogarembolsa.blogspot.com salvadorveiga

    this is why I made tha tpost in the morning…

    participation or not, with mole's advice or not, evil.rat today is having so far a great day.

    And from a overall loss of 225 USD for the past 30 days, with todays tape if we were to close at this level we'd already be in the green overall…more than +350 USD for someone that trades 1 contract

    What a difference a good day can make :)

  • mrclam

    Thanks, I'm assuming the 34.08 level is good to place an order at then.

  • ropey

    Mole, CME looking juicy again for another short, i hope they can jack it up just a bit more….loved the call on that the other day around 297….they didn't fill that gap on friday, only 2$ from it – so i think it's headed there soon…

    Am i talking out of my arse or is that sounding about right?

    Actually it just came off 287 fib retracement which is quite sweet and pounded off the 20ema on friday…feels like a test of the 50ema is due..we'll see

  • http://implicittrading.blogspot.com/ BalaB

    Ha. Figures…I didn't even get an alert today.

  • http://evilspeculator.com molecool

    I've been loading up all the way. But there will be a point soon where Soylent Green becomes very plausible.

  • itsgold

    If the QQQQ's hit the 34+, i'll be looking at a short position. Until then, I'm just day trading the PZI – which has been awesome today.

    Good luck all.

  • http://evilspeculator.com molecool

    Because you're a lowly NQ subscriber – the ES is part of the millionaires club – mmwwwuuuuaaahaahaaaa!!!

  • http://www.hotoptionbabe.com annamall

    you know what Bala the same thing ran through my mind :-)

  • http://evilspeculator.com molecool

    I actually proposed a way to lure the stop bots around. Could be fun if everyone participates. Maybe I create an extra mailing list for anyone who wants to join in. Whatcha think?

  • http://www.hotoptionbabe.com annamall

    The volume is absolutely nada. My volume line in TOS charts on ES is almost completely flat, housing starts tomorrow. I agree with Mole though, that doesn't mean they can't jack up this tape to their liking.

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

    Does that make mole a “MM”, if so is there a secret handshake he needs to learn?

  • http://evilspeculator.com molecool

    No, that only makes me stop bait.

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

    Sounds like an evil plan in my book, count me in

  • Count_de_Monee

    Mole,
    Your point about the MMs reading this blog dovetails nicely with what I wrote a few weeks ago regarding giving out too much intel on a public forum. I know it probably goes against your business model, but maybe it's time to consider some kind of dual system: ie. this regular open blog and a closed invitation only type where we can discuss things without showing our cards to the pros (you bet your a$$ they read this).

  • http://evilspeculator.com molecool

    Yeah, just a matter of how much pain you can take. And please don't make this an innuendo – LOL :-)

  • http://evilspeculator.com molecool

    Wouldn't make a difference as any market maker would be happy to spring the coin for a subscription. I just have to be smarter and so do you guys.

  • ropey

    i don't believe they read any of it personally. The TOS guy that spoke with me said he to be an MM and all the servers do is monitor the deltas and keep it within a certain range so if people are taking large bets one side it simply compensates with the other and so forth. They're in the business of scalping for fractions of a cent and so on, he also said that the boogey man story of MM's watching your stops and taking them out is completely bogus, TOS stops are on the TOS side not the exchange for starters so they have no way of knowing what it is… *

    *unless they read this blog of course 😉

  • Osso

    GS found resistance at the posted 1st point…..

  • Guest

    Well, I'm always up for anything that takes on a Goliath.
    Our resources are a pittance compared to the MM however, I do have a few valuable relationships that I'd be willing to donate in pursuit of a well organized solution.

  • katzo7

    This went higher than I thought it would, I think TWaffle said 902 for a gap fill and if so was right on target.
    I see stochs and MACDs just starting to roll over on the longer timeframes I watch, perhaps a mid-afternoon set back (down). It can't go much higher than here or else it will throw my EW counts off majorly.

    BTW, this MOFO jumped right over the fib fan line I thought it would snap to and is now toying with following the next one up, not good for bears.

    Any news driving this run up?

  • http://jadedapprentice.com JadedApprentice

    Heading up on fumes – don't trust this at all. To hedge against the bear squeeze scenario, I reloaded on a handful of heavily squeezed names that were down over the past week, up for today and have plenty of runway for more squeeze action: CMG, S, DRYS, AMZN, and NFLX

  • Callie

    As I see it bottomed medium term and is now due for a (very) short term correction, should move much higher though, 100's area. Did you have a look at the daily and weekly charts on EWI? They give a clearer LT picture. Love that free currency service by the way.

  • Guest

    What if there were a criteria that need to be met in order to obtain subscription?
    While the criteria may be invasive to a 'consumer', completely appropriate for our purposes.

    Two years Tax returns verifying income source. Signed affidavit with civil penalties. Spot checks at stated employer on application……(ok, over board)

  • http://implicittrading.blogspot.com/ BalaB

    See that's not what TOS told me regarding stops.
    I can tell you from experience, when trading the e-Minis, a very clear majority of the time my stops have been hit. I just stopped using them entirely.

  • http://implicittrading.blogspot.com/ BalaB
  • ropey

    Have a chat with Don Kaufman, all their stops are on the TOS servers unless i completely misheard him.

  • http://www.hotoptionbabe.com annamall

    :-) LOL BTW on your post below are you loading up on Short or longs?

  • http://evilspeculator.com molecool

    Very tight shorts.

  • http://snpmonster.blogspot.com/ SnPMonster

    Paranoia in the air…lol

    VIX OpEx, MM are taking profit on VIX options, all calls got butchered pretty badly.

  • Squidman

    I think it is clear with the divergence between the two and the alternating days of signals that you'll only be trading half the time with just one. Or something like that.

  • http://evilspeculator.com molecool

    Hehe – exactly :-)

  • http://evilspeculator.com molecool

    That would have cut it close – but yes – we are pushing into 'green potential' territory. If you're buying up here you can push it a bit higher – not much lost.

  • http://evilspeculator.com molecool

    Well… IF we 50 people would set a stop at a particular level I am fairly sure the bots would come to sweep it. All we would have to do is to pull it at the very last moment and then buy/sell the opposite direction.

  • http://implicittrading.blogspot.com/ BalaB

    I don't doubt you. I just think there are two different 'understandings and or explanations'.

  • ropey

    /DX continuing along its descending channel at the mo…85.52 issue for a bounce?

  • rosocecasita

    If “No News” is good news,

    And bear market rallies reverse on “good news”

    All that is needed is no news….

  • http://implicittrading.blogspot.com/ BalaB

    “pull stops at the very last moment “
    LAUGH SNICKER SNORT….

    I DO THIS ALL DAY LONG as a safety precaution. As soon as it bounces back, I get right back under (or over if short)
    After hours is especially comical. Richnyc and I did something similar a few nights ago.

  • http://www.hotoptionbabe.com annamall

    me too!

  • rhae

    SPX daily, not giving up on the bears yet… tho short term bouncable… I think the daily chart needs another day to confirm todays action.

    this chart very dunno, imo
    http://screencast.com/t/yH2peFJ4ch8

  • Iguanadon

    Not a good visual… mole in very tight shorts….

    😉

  • http://www.hotoptionbabe.com annamall

    hmmm tight shorts 😉

  • rhae

    LOW BAC and India as far as I know

  • http://evilspeculator.com molecool

    I agree with Balab – especially after this morning. Either I can predict the future or the 898 spot was swept. And let's not forget that – stops mechanics via TOS or not – the MMs could be reading my emails/blog and not everyone trading here uses TOS.

  • BigHouse(Aka Mr Vix)

    Shorting FAS at 9.80

  • wex

    Guys,
    Please don't be so full of yourselves. The MMs don't have the time to follow a bunch of blogs. They are interested in what the giants are doing not the little guy traders. I'm not even considering the small retail guys who are on this and other boards. They care what Soros and his ilk are doing because they have impact and influence. Fidelity, T.Rowe Price , Citadel, Renaissance These are the people MMs might care about.

  • Count_de_Monee

    And don't forget bikini snapshots for our female subscribers (taking advantage of the fact that Katzo took the day off).

  • GoCougs

    Holding GS put vertical since Friday. Getting murdered today, just passed my $140 stop. Seems to have topped out though and I may hold for further confirmation.

    Thoughts?

  • http://evilspeculator.com molecool

    I myself am full of sweet chocolate – like a fucking piñata, hombre!

  • mrclam

    Alright mole, I am now totally confused. (I think we may be talking different things here)

    So we bought a put spread, bought the 33 puts, sold the 31 puts, right?

    Then as a hedge, we bought a call spread, bought the 31 calls, sold the 33 calls.

    Fuji was saying something about consolidation around 34.08, so I was assuming that was where we jettison the call spread. Both spreads are debits, so I'm not sure what you're referring to when you drop the credit spread.

    As for buying more puts(sounds like what you're talking about), I've thought about that but haven't made any definite decisions yet :)

    I guess what I'm now asking is….when we approach 34.10, are we expecting a reversal or a continuation of the uptrend? I guess if we expect soylent green to unleash, we should drop the put spread, and if we think it's going to drop back down, we should drop the call spread.

    Thanks for any clarification you can provide.

  • DesertEagle

    They care about the little guy because they are the only ones trading..Witness the lack of volume..

  • http://implicittrading.blogspot.com/ BalaB

    IMO, someone like Soros has enough power, relationships, etc. to make a stink. We are an easy target.

  • http://evilspeculator.com molecool

    I think basing your mental stop on the thresholds I offered might be another way. Really tough to predict where GS will go – I rarely trade this fucker as it's being banged harder like a $2 floozy in New Orleans.

  • lester

    I am short as can be, but it sure looks like an afternoon push may occur. I am gonna hold my Jun QQQQ and AAPL shorts until I make a profit (LOL as I cry).

  • http://www.hotoptionbabe.com annamall

    LMBO! touch'e

  • http://www.aggressivelyuninformed.com nepharis

    Glad I'm sitting out today. Always good to take a breather, especially after last week.

  • tranchefoot

    I believe there is a difference between hidden stop orders and stop-loss orders. Hidden stops are kept on the broker's servers as a conditional order and executed when the condition is met. Stop-loss orders are immediately send to the market center after being placed.

  • katzo7

    Just some random stupid thoughts.
    My predicted up day was verified, shit hate when that happens and I am right but short.
    Are we in oscillation city, like Aug. and Jan.
    Do we break higher?
    Or are we in an extended topping process? (all EW targets on up and downside get broken recently, consistent with the recent market action)
    Stochs on 60 min. topping and rolling over BUT MACD about to break zero line, conflicting views of future action

    As Big House would say, I just want to go back to bed with my teddy bear!

  • wex

    Funny

  • http://www.hotoptionbabe.com annamall

    I am taking a hit as well, but there is no volume in GS today. (they're buying themselves) Hang in there, the fluff will come out, and either you can get out (which I won't) still see them @ 120 by June OPX.

  • C.C. Rider

    Banks and tech will lead the final surge.

    http://stockcharts.com/charts/candleglance.php?…

  • lester

    katzo,
    Can you sell me a used copy of the bible for $20 bucks or so. I went to Barnes and Nobel and they wanted $70…I have never paid $70 for a book.

  • http://jogarembolsa.blogspot.com salvadorveiga

    Bala just stating the individually it looked like evil.rat was in a relative drawdown… and with such a freakin tape the last weeks….

    My point was if it's worth all the hassle to Mole issuing manual alerts, adivising, etc…

    The system even with all the alerts it got is marginally under water but after todays if nothing happens I expect it to be in the green… so what it looked that was kind of underperfoming if we looked at each trade individually, looking at the whole thing evil.rat is pretty much flat which is pretty good in my opinion

  • GoCougs

    Thanks to both of you. I am hanging in there for now. Going to watch your SPX levels as a new stop for right now. I can afford to lose the premium, so I will sit tight.

  • 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://jogarembolsa.blogspot.com salvadorveiga

    I would join :) include me in 😀

  • http://www.hotoptionbabe.com annamall

    They might try and push this thing up one last time, but before the EOD this tape will be lower than here. IMHO

  • http://evilspeculator.com molecool

    Yeah, it's possible but read my next post as to where the wave count probabilities flip to the long side.

  • katzo7

    I may have taken the morn off but that didn't preclude the market taking mucho money off of me.

  • ropey

    internals trending up all day – cant see them not taking out the highs….SPX 905 looks a def possibility. Will be interesting to see the last 30 mins and what they do….got a feelin they'll just send it up parabolic style and then dump it at the open tomorrow unless more BS news comes out.

  • Callie

    Long SCO 23.60, watching it closely, oil gets above 60.50 I'm out.

  • katzo7

    I don't have one to spare, look on Amazon for used?

  • lester

    OK just thought I would ask