Zero Indicator
Now Reading
Frackin’ Friday Rub Down
121

Frackin’ Friday Rub Down

by The MoleJuly 17, 2009

Today was a complete tosser – participation was minimal as any self-respecting Wall Street playa’ left for the Hamptons this morning to get his share of blow jobs from young aspiring NYC models and VIP escorts.

I have no comment – this chart screamed at me: “Stay the fuck out!”. Thank you Zero – you know how to keep me out of getting anal raped by those monster dildo touting market makers. Not that I wouldn’t enjoy that (a little) – Miss Chow at the Korean massage parlor is doing a bang job with that thing – but I have taken it up the ass a bit much since Tuesday evening.

Program Trading Update

geronimo/ES: +5 (two winners and one b/e, so I’m counting 3 for 3 today)

No idea why so few are subscribing to this thing…. but just to let you know that Eric and I are raking it in over here while you guys are scratching your bony little skulls every time a Goldman sponsored program trading attack stops you out of your measly contract. Yes, I’m very evil today and it’ll just get worse as the summer progresses – be prepared.

I’m have some German Hefeweizen to take care of – I might do a post on Sunday, if you are nice and share the love a little 😉

Cheers,

Mole


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 the usual social media waterholes.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c

  • molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨
    ¨°º¤ø„¸ S T L ¸¸„„ø¤º°¨
    ¸„ø¤ P L E A S E º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

    BTW, the puppy is alive and well….

    … so far…

    mmwwwuuuuaaahaaaaaaahaaaaaaa!!!!!!!!!!!

  • Keirsten

    So evil. LOLOL

  • LegendC

    Wish I had the net worth to play it 🙁

    Just have to remember that my losses are like paying tuition for trading school I never went too.

  • thelefteyeguy

    …so few posters this week to obey…everyone else has to click more to compensate….

    if you thought capitulation drove a lot of ppl away a month ago…it was f'ing worst this week…

  • standard_and_poor

    The last of the great Borat impersonators was killed off this morning. His remains
    are said to be floating in some slime ridden backwaters off the coast of western
    FLA. (a fitting burial at sea some would say). He was said to be a great believer in the art of reincarnation so I wouldn't be surprised to see him reincarnated as
    Fatzo007, or perhaps Fatzo69 would be more fitting. His lust for young flesh and an equally fervent thirst for the calling of tops was his ultimate undoing. Many had warned him of his lecherous ways to no avail.

    It is with great regret and a lump somewhere on my body that I do a final dedication to the GREAT KATZO07. He died doing what he felt he did best:
    kissing ass, flirting, calling tops 20 times per day and making lewd remarks to
    innocent and demure young ladies.

    Some wil miss him, others will dismiss him.
    Join me none-the-less in this final tribute that may appear at least 1,000 times over this weekend rejoicing this man's lust for flesh.
    FLESH FOR FANTASY by Johnny Rottens kissing cousin Billy Idol:
    http://www.youtube.com/watch?v=HOxmbYduKCg

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

    don't know about you ladies, but 30min chart which has been very reliable in other signals on D-wave – EVEN if it is UP wave – then pullbacl to 925 (in line with Mole's projection)
    BUT – and I think this is what that is (in spite of RSI being in bull territory) – then W3 down if starts will tak eus down to 820.

    http://screencast.com/t/7N7yVeqHZ

    Once again – that 76% retrace is the most unpredictable and painful if caught on the wrong side.
    Have a great weekend ladies…
    oh… and gentlemen…

  • dingos

    How do I get to be a self-respecting Wall Street playa’ ?

  • molecool

    Yeah, not many left here – which is fine. I hope that by the end of summer it's just going to be maybe you, Keirsten, Annamall, Fujisan, S&P, and Katzo. That will be our final signal to go short this market in a massive way.

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

    the best thing you can/should learn is patience – wait for the trade to come to you – never force the trade…
    and after you are in trade – only abandon the trade when your variant perception changes. (or at predetermined on CLOSE stop – if you are not scalping/day trading)

  • onorio

    Have a nice weekend guys/gals!

    I`ll post some charts tomorrow or sunday.

  • molecool

    Start snorting coke – then run the copy machine at 85 Broad St. for a few years. Next you will be selected to run the U.S. treasury, where you will pimp out your wife to career politicians in order to keep financial regulation nonexistent.

  • http://dreadwinaard.livejournal.com dreadwin

    Yet another signal that we are topping, right?

  • Keirsten

    CYA Onorio- have a restful, fun weekend!

  • Keirsten

    Sweet chart as always. I'm remembering Mole's words from last Sunday: ” I can’t help but suspect that the big drop will only happen once a large portion of the hobby bears have been shaken out”

  • Keirsten

    Sweet chart as always. I'm remembering Mole's words from last Sunday: ” I can’t help but suspect that the big drop will only happen once a large portion of the hobby bears have been shaken out”

  • Keirsten

    Sweet chart as always. I'm remembering Mole's words from last Sunday: ” I can’t help but suspect that the big drop will only happen once a large portion of the hobby bears have been shaken out”

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

    OK week, difficult to trade, but whoever thinks that becoming full time trader will make life LESS difficult – should stay in cubes 🙂

    only have myself to blame for not spotting the rally

    http://screencast.com/t/gBrnfkT8tsj

  • PRSGuitars

    Just a +1 for catching that long on EUR last night as I was chickening out of my shorts — after the large channel breakdown failed to materialize into anything serious, I bailed but v8muscle (on these forums every now and then, he and I trade together) caught it at the same point and rode it for 30 pips before calling it a night.

    Hopefully you rode that beast all the way back up (despite the 6am fuckery!)… looking forward to the charts! Have a good weekend ono!

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

    hmm.. thank you for telling me that I will be banned 🙁
    have a great weekend and a lot of beer by the pool

  • LegendC

    It's capital preservation that is toughest for me. I'm okay with trying to grind out singles all the time, but every now and again I accidentally hit one out of the park and then it gets me too amped up. Also it's maddening to be behind the PDT rules, weighing 3 trades a week vs the desire to always have skin in the game.

  • RagnarDanneskjöld

    Wanna hear evil: People who are beginning to whisper that we are in Wave 3 of some quasimodo-type rally ; )

  • http://www.pacfreehotwater.com steveo77

    I am not familiar with “steep” head and shoulders, but all joking aside, here it is…..

    http://screencast.com/t/H4MolcUClfh

    Steep H&S with backtest retrace to upsloping neckline….now that everyone HATES head and shoulders…they will probably work like a champ.

    Statistical the original big H&S is not broken, it has about a 50/50 chance of working. Not good enough odds to put capital at risk for, but just saying….

    And we are so overbought for so long….have a nice weekend.

    I am posted 2, literally Chicken pick of the Day, Tyson and Sanderson Farms, TSN and SAFM, both big down today, but SAFM looks like it might bounce up off the triangle ABCDE, then after E bust up and out.

    http://oahutrading.blogspot.com/2009/07/chicken

  • innatedc

    Hey I'm not going anywhere….been building my cash reserves for a few months now.

  • dullmind

    If Mole bans you David, he have to ban me also, but I don't think he is going to ban anyone, they will just drift
    away. Do you think you will drift away? The only thing that will drive me out is if I believe that Mole has become
    fundamentally wrong. I don't think so, even if I have been clobbered this week, partly because I was on a job
    site, no access during the week, so I stayed in my bear positions ALL week. Ouch! But I think my persistence
    will pay off if not next week, soon.

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

    Agent Brown: SPX, She got out.
    Agent Smith: Doesn't matter.
    Agent Brown: The pop is real.
    Agent Smith: Yes.
    Agent Jones: We have the number of their next target.
    Agent Brown: The number is 1000.
    Agent Smith: We'll need a Fibo projection running.
    Agent Jones: It has already begun.

    http://www.forkoholic.com/images/spx1000target.jpg

  • http://www.pacfreehotwater.com steveo77

    Agent Orange: What path do we take to get there?

  • http://www.pacfreehotwater.com steveo77

    +1 on chart. On your RSI, what is the green line above 60? So 4 days in a row above the line….hmmmm.

    I got the feeling there are alot of hardcore hobby bears that are still short.

  • Keirsten

    Mwahahahahaha!

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

    it might be possible but first SPX needs to CLOSE above 942.45 AND a close above 12 prior bars to confirm W3 up so far we had only 4 of such – too early to pronounce W3 up live and kicking.
    if that happens – it will take SPX to 1120 in no time.
    http://screencast.com/t/o1yuqB97b

  • Keirsten

    No, he said you'd still be standing. 🙂

  • Osso

    VERY IMPORTANT INFORMATION:

    http://zerohedge.blogspot.com/2009/07/stop-trad

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

    Ha – I take no sides, I don't care up or down – I only care if I got that right.
    Therefore I don't drift away based on Mole's orientation…sorry, I meant “market orientation”, and beside – Mole is open minded… eh – I meant – market wise – he accepts that some people might be not as gifted as he is and they have right to live as bulls, well the fatter they are – the better the lunch 🙂 Hmm.. I love bear's meat too!

    OK – “pool/beer/other peoples' money/wives” time (hate beer thou – falling asleep after first)

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

    follow the yellow brick road

  • springheel_jack

    There's always a falling off in traffic after the bears get shafted. Quite a regular thing nowadays unfortunately.

    As long as the economy remains up shit creek, they'll be back.

    I don't believe for a second that this can be a new bull market. The higher it goes, the harder it will fall.

    Good chance of a top when USD wave 5 down finishes. I don't think that will take until the end of the summer. I hope not anyway.

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

    Hear hear!

    When we do indeed finally reach the true top of P2, I shall pour a sip of malt liquor on the concrete in his honor, listening for a faint voice somewhere in the distance, faithfully and dutifully calling out “The top is in! The top is in!!” to all with ears to hear. And I will smile because I know that somehow, somewhere, he will be laughing, enjoying the ride down with those of us he left behind, having the time of his after-life.

  • springheel_jack

    I think we could see a blow-off top to remember here.

    If we make it to 1120, there will be another crash to remember too.

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

    Take the Blue Pill – Resession ends, and you believe whatever you want to believe

  • stxinon

    Definition of bear market is when stock is above 200 MA then bull else bear….
    so as soon as we have more than 50 % of stocks above 200 MA we are in formal definition of a bull market….

    but economy seems bad, people are loosing their jobs…
    Defaults on credit and houses seems to be all time high….
    It should be a BEAR market….

    Can some wise person explain why this is happening so ??

  • ZeroPointMind

    OUCH, wrapped in sandpaper prior to insertion without any lube !

  • http://www.pacfreehotwater.com steveo77

    Hey it only 11 aM in Hawaii…..you guys got a jump start on me.

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

    As famous russian trader Constantin Stanislavski said
    'Love the time you trade in , and not the time you live in '

  • Blind_Squirrel

    It may be premature to write Katzo off just yet!!!!

    This matter is under investigation by Judge Squirrel
    and I expect to issue a report sometime later this weekend.

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

    That definition is insufficient. I and many others here would argue that we are in year 9 of a secular bear market that began in 2000, despite the fact that much of that time was spent above the 50 & 200 MA. The economic statistics you mention are also irrelevant in my opinion.

    Take the red pill, stay in Wonderland and see just how far down the rabbit hole goes.
    http://tinyurl.com/l9q98x

  • Blind_Squirrel

    “I hope that by the end of summer it's just going to be maybe you, Keirsten, Annamall, Fujisan, S&P, and Katzo”

    I was under the impression that Katzo has been banned.

    Has Katzo been banned?

  • springheel_jack

    Sentiment has come back to the bull side with amazing speed & reading Richard Russell tonight was grim as we are on the verge of a dow theory buy signal next week if we make new highs.

    I'm also concerned about the very key 200 day EMA on the S&P at 938 being broken with confidence and a potential crossing of the 13 & 34 week MAs which will happen if we breach 1000 with confidence and stay above it more than very briefly. Both would signal the strong potential of a cyclical bull market IMO.

    John Murphy had more reassuring words to say though when he suggests a life of less than a year for such a cyclical bull market and a target of only 1000. That is just an extended rally really and it is certainly difficult to see it going much higher without a strong recovery in earnings that cannot realistically happen.

    I'm going to stop calling tops for a while as my main concern is capital preservation and the last couple of months of bear traps have been painful, particularly this week. If the 13 & 34 week MAs do cross, I might not short until they cross again. I'm still well up on this bear market and that's the way I like it. I can afford to just watch until the right opportunity arrives. As DavidDT says, we should never force the trade.

    The earnings cycle and consumer spending tell us that if this is a cyclical bull market, it will be shallow and short. No repeat of 2003-7.

    Lots of bears mauled this week. I'll be toasting absent friends this weekend.

  • springheel_jack

    Absolutely. This secular bear market started in 2000 and is unlikely to finish before 2014 at the earliest and could well last until 2020.

    We've already had one cyclical bull market within this secular bear market though, and we will have one or two more.

    The greater trend is down until the end of the secular bear market though, and that will not end without a final and meaningful revulsion low, which we haven't seen as yet and may not see for several years.

  • wex

    I don't believe so. He's been around here recently. Maybe he had non market related stuff to do?

  • springheel_jack

    He tried posting here earlier today and was told by Disqus that The site owner has blocked you from making new posts'.

  • standard_and_poor

    Sniff, sniff. :  (
     

    ________________________________

  • standard_and_poor

    Hooray, a bloody life-line. :  )
     

    ________________________________

  • springheel_jack

    The bears are so depressed here tonight that no-one seems to have noticed that we finished on a daily S&P doji tonight, and one that is within spitting distance of a dragonfly doji at that.

    If there is one thing that has been rammed up our asses without KY in the last couple of months, it is that dojis really can and do signal market turning points. LOL.

    If this is the top, there aren't many bears that will be shorting it. Perhaps that means that it really is.

  • mrclam

    Need further candles to confirm the reversal.

  • Osso

    I have the 13 wema already crossed the 34 wema…and if you see the chart…precisely, the pullback from 956 went to the weekly 870 level, coinciding with the 34 wema.
    This is a bullish cross. We may have a pullback to near the 13 wema. now…..close to 902, if we get there. Target is 1150….where this bear mkt.
    rally may top.
    Fact remains the 200 dema, has not been crossed by the 50 dema…..so the golden cross is still pending.
    Conclusion:
    Bear Mkt. rally.
    Further up move to final tgt.
    The 50/200 dema may get closer…but not cross.
    We drop from near 1150.
    We need upper level in SPX from where to really go down, if we want to go to 400 level.

  • springheel_jack

    We shall see next week. If we get a couple more dojis, there will be some real interest.

  • springheel_jack

    You have them crossed already on the weekly SPX? You sure? I don't. I have the 13 week EMA at 901.01 but I have the 34 week EMA at 916.65.

    On the daily if we have a final fast blowoff top to near 1150 and dropped fast from there, they might not cross.

    In January I forecasted a final low for the secular bear market of 250 – 400 based on the earnings cycle. 400 would be a good target for this cyclical bear market. I'd be buying there.

    I'd be remembering 29-32 as I did so though, with a lot of people buying after the market fell 75%, only to see the market halve again. With good enough yields though, you could just grit your teeth and be patient then.

  • Osso

    sorry 4 removing it…!!! You were right, I had one MA being S not E…..I was even screaming at myself for not buying the cross….well, in fact, as you say, no cross yet….but seems its coming…..

  • springheel_jack

    Have a good weekend everyone.

  • ACJ

    FWIW Mole, I'm here, but I'm a lurker mostly. But the Evil One is a must read all day long. I love the way you interject humor into your posts (like today's reviewing of the buffalo/alligator/lion video). That stuff is why I keep coming back, I just don't have the bankroll to justify a subscription yet. I'm sure there are others that love your stuff, but remain all quiet in the background (waiting for someone to pass out to take advantage of, I'm sure)…….

  • http://www.pacfreehotwater.com steveo77

    I was going to say “Waves and BS fertilizing spray painted green shoots”, but SSC and SJ said it well below, also.

    This is a bear market rally, not a bull market.

  • Osso

    we may get the 13/34 cross….but the 50/200 will fail…..always talking EMAs.

  • http://www.pacfreehotwater.com steveo77

    Confirmed, saw that doji developing during the day—which is what you really need to do to play the candlesticks the best. The Bearish Engulfing and the Dark Cloud Cover, play out the next day….if you didnt get into position you missed most or all of the move.

    Not so on the Doji though….it can signal a long change in direction.

  • springheel_jack

    The cross is coming if we don't turn back down very soon, which seems unlikely now.

    You were kind not to mention that I said MA when I meant EMA.

    1929-32 is what I meant. The market fell 87%. Sobering stuff. I'll still be a buyer at 400 though.

  • Osso

    i think the bulls are guardians of the close, and the weekly…
    Good weekend SHJ..!!!! some clarification to previous posts ..below…take care.

  • springheel_jack

    You mean the 50/200 weekly EMA. I thought you meant the daily. Yes, I see what you mean.

    Good indicator & a great target if we break through here as there is so much territory over 975 without an obvious top. Let's hope so, I'd love to short that.

  • springheel_jack

    Have a great weekend Osso.

  • springheel_jack

    The bullish engulfing on the weekly really sprang to the eye this week to the exclusion of much else.

  • Keirsten

    I'm not depressed over here. I'm downright giddy! (then again, I'm basically nuts, so there's my excuse.)

    Not only a doji, but I went back over the daily chart on SPY this afternoon like the little snoop I am, I wanted to know why the prices stopped there yesterday.

    Could be this backtest of the broken trendline, something to watch next week for safe entries/exits in either direction.

    http://tinyurl.com/l9hqwx

  • mrclam

    I think that rule actually helps traders lose capital faster, since you have to make every trade count and you are less likely to scale in/out of a trade.

  • springheel_jack

    Could be. We shall see.

    Have a great weekend Keirsten.

  • springheel_jack

    Osso is suggesting the same a bit further down. Could be right.

  • Keirsten

    You too sweetie. 🙂

  • LegendC

    Exactly, makes you reluctant to put stops underneath your positions in fear of “wasting” your trades.

    It also puts you into a mindset of scarcity which is not where anybody wants to be.

  • http://www.pacfreehotwater.com steveo77

    http://screencast.com/t/ZerJsehey6J
    BOATLOAD O' TICKERS
    OK also you “leechier than thou” peeps, here it is, without further ado.
    List of tickers that TK gave me permission to re-use in a beefed up format. Tim posted these today as trade ideas. Not only do you get the list with more information, you can download it in Excel format and also in Txt format. The txt file can be imported directed into a Prophet charts watchlist. See Hawaii Trading blog for the files themselves.

    http://oahutrading.blogspot.com/

  • midin

    count me on that list! This week was hell, but given that I did not cut the spx downside bet yet – expiration at the end of month will tell (got the puts at a german mm)

  • buyemsellem2000

    denninger on Kudlow now

  • ropey

    well i'll go with the flow, still can't get my noodle around >10% unemployment ( and still rising ) and a market that wants to almost recover to september highs..doesn't add up one jot..

  • ropey

    anyone have any thoughts on FSLR? is it pooped for another 20$ drop? I see alot of aug OI around the lower 115-120 levels or is it a 10$ pop from here? Seems to have taken it on the chin and not really catching a bid from a rising market….

    Maybe the last comment there just answered my plight lol..

  • LostIllini

    Mole, you forgot Becky Quicky, she's in the Hamptons this weekend. Although I'm philosophically opposed to CNBC I'd still do her…

  • LostIllini

    Ropey throw a chart in there so I can skip doing my homework……

  • LostIllini

    for those who missed it….

    http://www.cnbc.com/id/15840232?video=118645187

  • ropey

    yeah i know, i was just thinking well if the s&p does rally perhaps they'll catch a bit but given the big rise this week and the relative weakness not sure, combine that with the schaeffers report on some trader potentially buying a large put spread 115-125 ( look at the august OI ) then i may just bail and flip…will see how it behaves on monday..
    Think i was telling myself well it just has to go up if the market is going to crank but that's just a tiny bit silly..

  • LostIllini

    You have to put it in the same class as XOM, high oil is good for first solar. Is oil going up or down? To be honest I don't play the oil because if you can't afford an actual oil contract you are automatically playing with the deck stacked against you (more so than it usually is)

  • katzo7

    Ashrif Laidi just published a good article on evaluating the direction of the market.
    http://www.bostonwealth.net/2009/07/17/gauging-
    AND mortie posted an inteday Update.
    http://www.bostonwealth.net/2009/07/17/morties-

  • http://www.pacfreehotwater.com steveo77

    Speaking of lists, you can download a ticker list spreadsheet at my blog, good shorts. Check it out.

    http://oahutrading.blogspot.com/2009/07/boatloa

  • ablebonus

    Email Kudlow if you're a Karl fan: kudlow@cnbc.com

  • Nate

    This may have no significance whatsoever . . . but I found it interesting that this most recent rally has taken us up to touch a trendline originating in May 2008.

    http://screencast.com/t/bbZpic2U

  • Osso

    really…the dailies wont cross.

  • Osso

    you are so right…..it scares me…!!!!

  • Osso

    Bulkowski is clear on this, today: If 960 is broken up…..there is nothing in the way of resistance until 1100/200.

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

    you can trade future (which I would not recommend without sufficient capital) – no PDT there, but insane leverage. Still, my best trades in futures come from waiting for a trade for WEEKS, like in case with /ZN – but I picked it right at the bottom at 112.275 – just where I wanted it – and closed the trade 4 weeks later at over 600% profit.

    http://screencast.com/t/zVvgZdxb7Dx

    No offense, but if you are NOT trading for a living AND cannot wait to place another trade … you need to work on yourself.
    JMHO

  • Osso

    ks for that dangerous chart…!!!!! good weekend !!!!!

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

    “green line” is RSI 62 (lower level 38)
    The way I see it – if it fails to go below 38 on pullback – it is pullback and vice verse.
    In strong trend it would stay between 62 and 75 for a long time without getting above 75 AKA naively known as “overbought”

    “hardcore hobby bears” – that H&S was really too much advertised in the media and all the blogs – just asked to be faded/shaken off

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

    I beg your pardon???

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

    complete BS to use some crybaby as an example
    all these sites start of with really good info and then gradually shift to mass production.

    Or just become MT and keep saying the same things none even paying attention anymore again and again and again…cannot believe anyone still believes in “democracy”

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

    do not confuse economy (the real thing) and the market (an illusion)

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

    and how about “inflation adjusted returns”?
    poor main street suckers who cannot even count – if their mutual fund added 10 in 3 years think they made money!

    No wonder Cramer is so happy when he is getting calls from Nebraska (have nothing against Nebraska, really, no more than Iowa)

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

    you even more pessimistic than I am – I had 584 (still have it as a final target)

  • katzo7

    I get basically the same amount on the WEEK chart David.

  • katzo7

    He's alive, he's alive! New advanced software intalled by the software engineer mole has detected a virus in the katzo anti-spam detection code that recognizerd 2 words as “key” spam-a-lot and immediately trashed it. With a few key strokes by mole, katzo like a phoenix (was that a bird? or a cow?) has risen from the ashes. The new and improved katzo will now avoid using ass and kissing (the 2 k
    “key” words) in the same sentence.

  • katzo7

    see below

  • katzo7

    Did I write the top is in? Shit, it was a mistake, what I ment to say was the TAFRP is in, slip of the finger.
    When ever I used the word top, it rallied 200 DJI points.
    ROTFLMAO

  • http://www.pacfreehotwater.com steveo77

    I see, so those are kind of Fib chosen, 61.8 and 38.1. For awhile I thought it was the average RSI listed in the table….

    Yeah I hate that “overbought” term, but it is hard not to use it, we should have a better word, neuro-linguistics is a weird thing, the words we use change the way our brain works.

  • lilme

    GS in talks to acquire the Treasury Department:

    http://www.ritholtz.com/blog/2009/07/goldman-sa

    Have a good weekend.

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

    Margaret Brennan is free this Sunday

  • amity

    Shame on you Mole for keeping secret your source for the Hamptons whereabouts: RobotTrader comment in http://zerohedge.blogspot.com/2009/07/goldmans-

  • katzo7

    My friend mortie has been providing some great EW research. He publishes his findings two to three times daily. A good point of view about the direction of the market.
    http://www.bostonwealth.net/2009/07/17/morties-

  • Osso

    Everybody should be printing this kind of things, send it to Congressmen, include them in the Merger, and show them how clear it all sounds for each citizen in the USGSA….This way more people would get those great Bonuses…!!!

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

    You might have to forgive me sisters and brothers ratburgers, it is Friday night an dI doubt you were drinking what Mad Russians are drinking, but do I have a good news for you!

    The Bear is LIVE! Long live the Bear…ugly H&S beautiful symmetrical in its own Treasury smokikiking … what was I drinking? – way!
    Fortified by inability to CLOSE above 942.45 second day in the row that is probably one of the cleanest r/r trades I've seen in a long time… like 4 days? Sleep well
    (pay attention to the differences in highs marked by yellow brick road ..arrows …who gave me THAT drink…?
    AND tdst 912 from 1/9/09 right in the middle…damn – Kandinsky would not do a better crap!
    http://screencast.com/t/HAcW5RgIua

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

    I can swear I just saw Katzo's post right below and now it is gone without trace – need to quit drinking…also smoking and talking and living

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

    this trendline is a part of even older channel and it has been broken (forget Prophet charts)
    http://screencast.com/t/FhRGSSPDj8G

  • molecool

    Listen to Radio Zero now:

    http://cdo.zerohedge.com:8000/listen.pls

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

    use top-less

  • molecool

    I just landed at JFK – RobotTrader is picking me up in a few to head out to the Hamptons. Becky Quick promised to blow us both this weekend.

  • 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„¸

  • springheel_jack

    The TARP is definitely in.

  • springheel_jack

    This is the daily 50 ema at 903.11 and the 200 day ema at 936.11 won't cross if we get to 1100? That would have to be one swift visit Osso.

  • springheel_jack

    I was suggesting the low for the next cyclical bear market phase in perhaps 2014-5 & reached it by taking the low in previous earnings cycles coupled with p/e ratios from previous secular bear market bottoms.

    584's not a bad target for this cyclical bear market, though I would expect it to go lower.

  • standard_and_poor

    Mole ,actually I'm tired of writing eulogies for this idiot and crying at his funeral services just bump him off (ban) him once and for all and get rid
    of him.

    God saved the queen (katzo):
    http://www.youtube.com/watch?v=MeP220xx7Bs

  • standard_and_poor

    Ban this sucker!

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

    I see
    Then we are on the same page
    My targets derived from weekly W5 down projection (it is calculated based on w1 high and w1 low times 1.38 OR if W3 exceeded projected target, then times 2.76)
    1.38 would mark 780 tgt and, ultimate target would be 584 area

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

    I see
    Then we are on the same page
    My targets derived from weekly W5 down projection (it is calculated based on w1 high and w1 low times 1.38 OR if W3 exceeded projected target, then times 2.76)
    1.38 would mark 780 tgt and, ultimate target would be 584 area