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Fucking Friday Rub Down
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Fucking Friday Rub Down

by The MoleMay 29, 2009

Alright – this week has taken enough of me – I’m in cash now – obviously:

I had an ominous feeling all day as the Zero Lite was completely flat – an indication that the buyers were waiting for the EOD. As the final hour drew near I kept seeing the tape creep higher and higher but selling pressure was tepid and intermittent at best. We finished the month higher again – third in a row now.

What’s sad about having to exit here is that today was obvious tape painting and I know that we will drop from here sometime next week. However, the EWT rules are quite clear and today sealed the fate on Soylent Blue and brought Green Zombie back to life. Therefore I could not justify holding my already considerable losing position any longer and incur additional theta burn. These are the times when you know that you probably sold somewhere near the top – but you have no choice and have pay your dues. Shit happens – and the bulls played this one beautifully.

Bot Trading Report:

evil.rat/NQ: Short Trade -4, Long Trade + 12.75: Total + 8.75

Alright, forgive me if I bow out now – I’m going to drown myself in a few gallons of Hefeweizen.

That’s right – nothing beats a few Stein of ‘frisch gezapftes Hefeweizen’ and the company of some hot teutonic beauties in their traditional ‘Dirndl’. Yummiee….

Have a nice weekend, rats.

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 various social media waterholes below.
  • Banzif

    Now I want to take a trip to Germany and drink some beer.

  • JWBlack

    GROW — anyone know why there was all that volume today in this stock? (Repost)

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

    Was that a cattle of buses?
    One thing for sure – I suspected that with this volume they will close up, but nothing remotely close to what happened.
    IF some news will “break” over the weekend – “some” people must go to jail.

  • Marc45

    Why sell if you believe that you probably sold near the top and we will drop from here next week?

  • annamall

    Wow that looks so good right now Mole, what a freaking horrible week. I am just speechless for once!

  • n2thezonez

    Dang mole, how big was that position you covered at the EOD? The mkt shot shot straight up.

  • nummy

    love the post title. nice pic in the beerhaus. man i could go for a nice weissbeer.

    fucking Friday.

    i need to punch someone in the face.

  • Duuuuuude

    Nice Jugs!….uhhh, I meant Mugs!

  • Keirsten

    One last chart, I was not watching the freaking gap today on the daily.

    http://tinyurl.com/lm57wt

    Have a great weekend everybody.

  • molecool

    Not small buddy – I've got some dough to work with these days…

  • Squidman

    I'd like to drown myself in what's below the beer. (Not German, can't spell heffevayzen)

  • molecool

    Have to disagree – those girls look pretty nice. Especially the last one reminds me of someone…

  • Count_de_Monee

    Re: the SEC and its grievous dereliction of duty.

    I'd like to believe that at least there is some vestige of integrity somewhere in some key person at some institution. (I'm a romatic fool, I know)

    This is just so obvious its ludicrous. They don't even try to hide it one little bit!

    If, instead of a financial crime, this was any other crime the cops would be busting down doors and taking names.
    Amazing

  • Skates

    Damn mole, I will be in Munich for Oktoberfest this year and having some fun this year…

    Pictures of the beauties that you posted have me looking forward to my trip even more! 😉

  • molecool

    Because I have to follow my rules and the emphasis is on 'probably'. Once you start trading emotions or wild guesses you're done for. I know many traders won't understand that fine point, but it's exactly what separates traders from gamblers. Does this make sense to you? It's actually an important point.

  • molecool

    You know what dude – I'll meet you there – how's that?

  • salvadorveiga

    SHIT look at the zero … nothing at alll !!

  • CowardlyLion

    He didn't say that was the top, he said that we will likely fall next week. From here? From 20 pts higher? More? Safety is key.

    Today demonstrated pretty well why I don 't bother to think anymore when I trade the market. Thought is dangerous. Just follow the momentum indicators I prefer and see where they push the market.

  • http://www.aggressivelyuninformed.com nepharis

    Good day for evil/NQ. Also good for my DRYS calls over in my ameritrade account.

    Might be reversing here: http://screencast.com/t/54V3aSIEyz

  • zenith191

    It's simply Trading 101. He had a clear exit point and the disciplined trader exits when they planned they would. Sure he believes such and such will happen but then again he believed the market was going down and he was wrong about that. So was I.

  • http://www.aggressivelyuninformed.com nepharis

    Probably just the beer for me, tonight. Gotta say, though, it doesn't get much better than Hefeweizen. Any good locals out yonder? Harpoon has a pretty good one (considering it's domestic) here in Boston called UFO. Definitely a local favorite.

  • springheel_jack

    Well I've saw the gravestone doji on the weekly SPX last week & promised myself I'd sell my shorts by EOD Wednesday.

    Beautiful bullish reversal as predicted by the doji. Next time I'll take my own advice & GTF out.

  • nummy
  • Osso

    First, I made 980
    Then, I made 1580
    Finally I made over 9000

    Seems the game gave me the tgts. in SPX, NDX and Dow….

    Good weekend ….!!!!

  • Fujisan

    Sal – EUR/USD just finished a Gartley pattern. This is a great place to short.

  • BovineStew

    great job Osso! have a nice weekend.

  • Osso

    Market tops when GOOG hits 450….!!!!!

  • LeTrader

    Fujisan,

    Do you have a picture of this? I would like to learn/see the Gartley pattern. Thanks in advance!

  • BearsRus

    Nice Rack of beers..

  • Duuuuuude

    For the first time I can remember in a very long time, /es is trading above the SPX.

  • Marc45

    Yes, I understand your point. Gambling will guarantee losses.

    What I don't want to do is react to an obvious psychological push by some big money in order to scare me into handing my money to them. If I had any conviction that we will never see sub 900 again, then I'd have covered everything before today. As it is, I'm going to stick with my plan and wait until something fundamental changes to make me bullish. Didn't someone once say most people sell at the bottom and buy at the top?

  • Eric_in_SFL

    Geronimo Report

    1 Trade: 2.5 Points

  • salvadorveiga

    Thanks Fuji I will probably do it since it reached my target for the final 5th Wave at 1,4140's

    What is a Gartley pattern? I've looked it up in Investopedia but didn't quite understand… can you put it up in a chart please?

    What time frame are you using to see the pattern?

    I closed all positions and ended up today with a net profit of 290 pips.

    EURCAD was stopped out at breakeven, and irritates me the freaking candle… it was right at the top my stop. it went there to trigger it and then fell off fore 140 pips …

    :-(

    We cannot have it all…

  • Marc45

    Actually the text says “I know that we will drop from here sometime next week”.

  • annamall

    you too sweetie!

  • annamall

    LMOL 😉

  • annamall

    More like a ton of 18 wheelers! (running over me)

  • Graphite

    This is why the idea that “regulation would have prevented the crisis” is really, really, really, REALLY stupid. Regulators *always* get dumb and complacent at the exact same time as investors.

  • katzo7

    Nice Eric.

  • katzo7

    See ya. Where was lester today? Banned?

  • katzo7

    MOVIO

  • katzo7

    You in Boston?
    I am in S. Dartmouth MA

  • annamall

    Have a good one Katzo. I don't know, he was smart to hide!

  • BalaB

    Looks like I was wrong in speculating the massive amounts of selling that has taken place over the past few days was indicative of a potential topping formation. Furthermore, given today was a Friday, bearish tendencies typically accompany these days which I gave further fodder to potential EOD downside.

    anyhow……fwiw, I take responsibility for mucking that one up…..
    Best,
    BB

  • fiki

    Anyone noticed the volume on es the last 2 min? 21.59=146 000 & 22.00 91 775 in 1 min chart. Wtf was that? 250.000 i like the average for the last 30 min… Looking back a 20 d theres nothing that matches it. I mean 30.000-40.000 in 1 min is usally monstervolume…

    http://screencast.com/t/sbuROlBY

  • artful_dodger

    First post….long time reader, first time for everything.

    Greetings from Strasbourg, France….I'm a metals/asian stocks trader for my sins, of which there are many.

    I enjoyed your humour…'Fuck!'…exactly those Goldman Funts really are screwing with the little guys. The problem now is that it has become such a laughable casino type charade that soon things just might start getting nasty.

    Anyway enjoy your german cock craved sluts…I live next to Bavaria so if you need a few sending over, let artful know 😛

    RH

  • fa_q

    I love that girl. Haven't seen that picture in a while. Thanks for bringing it back, Mole.

  • BalaB

    Yeah….Predicated on substantially thin participation.
    There was no previous volume clusters to stop a quick rip. fwiw, I've found that when using the price Ladder and there is little if any transactional volume from that price level, it is very easy for the market to cut right through it until reaching another point of support / resistance.

  • Fujisan

    Here you go. Hope this makes sense.

    http://content.screencast.com/users/Fuji-san/fo

    I have another target of 1.4246 – which makes Gartley even more perfect. Let's see how the market reacts on Monday.

    Have a good weekend.

  • Susannah

    The prices of the two get closer together as the future gets closer to expiration. The differential has to do with the dividends you'd be getting if you actually held the basket of stocks that make up the S&P instead of the future.

  • Fujisan
  • salvadorveiga

    thanks it does… I'm actually just considering as an Elliott ABC up movement… funny that your targets are also the same for mine…

    This thing, allied with EWT, and also the Daily Sentiment Index with EURUSD with 95% bulls – an extreme reading…. – I'm very confident this one should turn out to be a very profitable trade if one gets at a good price and enjoys the trend…. :)

  • BigHouse(Aka Mr Vix)

    Good chart from Dan

    http://screencast.com/t/52XHLk3F35

    IF this is playing out then the boys at GS got alot of people to puke at up to wave X.

  • Fujisan

    Exactly. This is such a great entry point – with minimum risk. Have a good weekend, Sal.

  • http://www.aggressivelyuninformed.com nepharis

    Yeah, I'm in Somerville.

  • Skates

    haha, sounds good, my flight gets in on the 19th and I leave the 27th, I actually booked the trip today! :)

  • Matador11235

    The phrase of the day has got to be “WTF?” Read that so many times. End of the month bullshit – its getting pretty stinky though. Any ramp higher than 950 should be meet with extreme resistance. Going into the weekend with lots of cash and beer. Next week has got to be more fun than this one.

    Hey everyone can open their 401k statements this month now its only down 50% from the highs yippie!

  • LeTrader

    Thanks, Fujisan.

    Is this also known as the butterfly pattern that you talked about?

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

    I posted virtually the same count for XLF yesterday… it's still a valid count but I'm not banking on it (or anything else for that matter)

    http://tinyurl.com/ly37mu

  • MyLifeMyTrade

    Mole my friend – you got to check this out – http://xtrends.blogspot.com/2009/05/inability-t

  • Fujisan

    Butterfly is known as a “failed Gartley pattern” and they are in the same league but in a different ratio. Here is a good comparison:

    http://www.forextradingplus.com/gartley-pattern

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

    I can't stop staring at it… I don't think I've ever seen it that flat, let alone a massive rally to coincide with it…

  • BalaB

    Boom, there it is:

    http://zerohedge.blogspot.com/2009/05/goldman-s

    “In the week ended May 22, NYSE program trading dropped to a statistically significant low of 2.9 billion shares, down from 3.3 billion the week before, and from a 3.8 billion prior 52 week average. As for specific actors, no surprise, Goldman leading the government's SLP team with a 7:1 ratio of principal to facilitation/agency.”

    oooooohhh baby! Not a day goes by where I don't learn something absolutely invaluable.

  • GoCougs

    I got absolutely face f*cked at the end of the day today. Begrudgingly holding my puts through next week. Will sell the Q's if we break todays' high.

  • C.C. Rider

    For the grumbling bears. China will potentially spike this higher Sunday night with economic report due out. Shorts don't want to get in front of that. Fuck Elliot at this point.

  • ZigZag

    Super secret UFO top on the DOW. :-)

    http://tinyurl.com/msefod

  • BigIslandLife

    That is the way to get even for or host,I hope he visits and tells that useless poster what this site is really all about, I for one like the options Mole puts on the charts and as it unfolds we can make our own decision which side we are playing long or short

  • thunda72

    A masterful performance:

    http://www.screencast.com/t/qwjVZ7k86

  • Susannah

    Is the bearish tendencies on Friday your own observation and research, or something you've read before? Just asking, because I'd read it before but Art Collins over at EliteTrader who compiles statistics on the market to make up a simple binary system for each factor, says Friday used to be bearish but has turned to bullish. I'll try to get more details from him, he didn't say how long he's considered it bullish, I've followed his posts for over a year now, so for at least that long.

  • TrappedBetween

    maybe this would better serve you boys.

    http://www.youtube.com/watch?v=8riXGpPFD34

    i get the feeling you guys share a lot in common.

    have a great weekend!

  • MyLifeMyTrade

    I like his stuff too – a lot.. The dude over at the other website was ranting about Mole laying out options that market could go up or down.. Well.. Mole is right… What has Aquaman accomplished by continually saying that market is going to go down eventually…

    Now his charts say that Q's must gap down to 34.7 for his intermediate prediction of an imminent correction to hold true – C'mon Q's 2% down at open on Monday – not happening unless we have a repeat of 9/11 over the weekend – that ain't happening for sure… I am very curious to see what he has to say when the indices do not gap down below his trend lines… What will take the cake is if he goes long now…. Anyway, there is a lot to learn from him… I learnt how he micromanages which has been a very useful tool… so, thanks to him.

    ________________________________

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

    Agree,but…
    what separates good trader from great trader is a gut feel (some call it talent and it can not always be measured by predefined targets)
    But the sad truth is – most of great traders ended up in the poorhouse, ail or killed themselves – so I am with Mole – better be a good disciplined trader and live to trade another day than one moment wonder and dead tomorrow.

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

    Interesting :)

  • swanswan

    do you have the phone number of the first beautiful woman in pic?

  • rhae

    SPX tags the RTL perfectly…. 919.14

    Therefore triangle resolve… Moday could be very interesting.
    Same chart I put up several times today… just a closing update
    http://screencast.com/t/lvAknBCcAup

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

    Transports were the tell today…
    http://tinyurl.com/n5wg8x

  • seawolves

    wowwww mole do all the females look like that blonde back home, she is smoking, anyway you all bright traders/investors, yesterday I went short on a stock, today again I intented to short the same stock by the online broker said not able to, what gives thanks in advance

  • BigIslandLife

    not sure of your implication so I will say that I trade what is in front of me for the day or longer term if the trade is working, I do not consider myself a bear or bull just a trader following the trend when one is available.
    If you are referencing the post at x I suggest you read it he was criticizing Mole with out basis and it appeared to me without true knowledge of what our host try's to accomplish with this blog.
    Aloha and have a great weekend and good luck on all your trades.

  • BalaB

    “Are the bearish tendencies on Friday your own observation and research, or something you've read before?” – Nope

    lets walk it through:

    a) We had a huge up trending day on Tuesday that took us to somewhat of a plateau with no profit taking
    b) We have been in this range bound area for a few days with no overnight swings in the futures market (strange…..? What has happened to the overnight reactionary trades?)
    c) We opened up the day with every major time frame completely divergent from the other (see your momo and trend indicators)
    d) Participation was extremely thin all week
    e) We've had massive down-ticks (selling pressure) since yesterday yet every one of them was bought into to stave off further downside momo.
    f) AAPL, GS, and the major ETF sectors, etc were divergent
    g) a 5% Retracement Level was hit with perfection as price retraced (an oddity. Never have I seen a 5%'er get hit)
    h) The market continually wanted to sell off yet every attempt was blocked at the door
    i) At times I saw breadth readings at 55% Advancers to 45% Decliners while volume read 70% Up Volume and 30% Down (Shouldn't it be the reverse?) yet we were chopping sideways
    j) The opening move was like “Friday the 13th”, it whipped up and down with reckless abandon only to meet in the middle and begin a small uptrend. (btw, when participation is healthy, we don't see these absurd rapid moves that take place within the blink of an eye)
    k) We have NOT seen any Market Maker “shake em' loose” EOD games all week. Where did they go?
    l) Keirsten's Order Flows showed lots of RED
    m) The spread between the Bid / Ask was wider than normal indicating a lack of enthusiasm
    n) No directional thrust
    ……and I'm sure I forgot 10 other plot points

    If you ask me, today was worth innumerable value…….We keep peeling back the onion……

  • ckeltner

    Yep, nicely done. Another sign was on the move down to 905, the Vix didn't really jump, so that told me it was likely a fakeout.

  • molecool

    Oh right – I forgot about that.

  • lilme

    This poem is from the 1960's and 1970's – some find it useful.

    Karma Repair Kit: Items 1-4 by Richard Brautigan)

    1. Get enough food to eat, and eat it.
    2. Find a place to sleep where it is quiet, and sleep there.
    3. Reduce intellectual and emotional noise until you reach the silence of yourself, and listen to it.
    4.

  • LostIllini

    Puts are down enough to not even harbor the thought of selling them. I'm just hoping, you can do this when massively underwater, that today was the mother of all head fakes to get hobby bears like Mole to cash out. (J/K mole) I have no data or charts to support this just the knowledge that if I was the evilest person in the world today would be the day right before a massive sell off. Capitulated bears & Bulltards buying in.

    So ask yourself…. Is Goldman Sachs that evil?

  • MyLifeMyTrade

    Mother of all head fakes would be a gap up with big rally on Monday which fails.

  • MyLifeMyTrade

    Good to have you back – it has been dead in here

  • disrespekt

    I put my 401ks into government paper and gold miners last year…so I am not doing so badly, lol.

    But with the recent plunge in bonds and gold up so much, I am at a loss as to wtf to do at this point. The energy funds comprised primarily of domestics have done quite lousily compared to the WTI price climb. I'm not going from here into emerging markets after these have run up 40%, nor more gold miner exposure when that fund has almost doubled since December.

    TLT hit an oversold RSI condition on the dailies; would not be surprised to see some kind of countertrend rally from these levels. If that does not occur, pull the plug on pretty much everything…

  • Earl of Subway

    I still have all my shorts. My trading life is monotonous lately. Yesterdays Zero-Lite divergence didn't play out today. Zero-Lite was zero today, most of the time. Nothing good happened.

    I didn't take the Evil.rat/NQ trades. Mole says I have to take them, but I talked it over with my wife, and she says I can do whatever I want. Zero-Lite was zero. Zero, zero, zero. So my new trades were zero. So shoot me.

    I was a bit surprised at the size of the end of day bump, but not tempted to sell my shorts. I expected some end of month Funny Stuff, and we got some. Nothing to see here.

  • Blind_Squirrel

    An even bigger head fake would be a gap down from the get go,
    because bulls would be trapped and bears would have to short into
    the hole after just getting stopped out on friday…….

    We settled futures almost 10 points from the highs.

    Isn't the world ready to short 936-952????

  • Blind_Squirrel

    How dare you question their slimeiness!!!

  • mrclam

    Gap down by how much?? I don't think many bulls bought into the last minute rally, so I don't see how they would be trapped.

    From the gap down, what would you expect, higher prices from there?

  • JWBlack

    Mole, or anyone out there who might know the answer to this question —

    If you believe in your black box programs, why don't you follow them? Maybe you do, but your posts seem to indicate that you are a frustrated follower of your emotions and not a satisfied student of your own studies.

    And don't bash me, Mole, for asking this question. I subscribe to Zero and and interested in your other products. But I am hesitant to follow programs that you seemingly do not follow yourself. Feel free to tell me that I am wrong.

  • disrespekt

    This is not a crisis that could have been solved by regulation.

    It's a crisis of exponential growth credit-based monetary systems leeching off of a real economy that has peaked.

    It's a reason I say people shouldn't sweat not paying back banks who fractionally lent them capital that they never had. Let the Fed eat it.

    Basically, money is not printed, it is lent into existence, at interest. That places a concurrent demand on the economy to generate the output needed to pay back the principal (zero-growth state) along with a need to grow in order that the interest can be repaid. Money denominates real things, and the compound interest component mandates growth in output, production, more things so that the interest can be repaid. This is all well and good so long as the economy continues to grow. However, when we achieved the peak supply condition in oil, it became clear to those who can use logic along with basic math that the economy's ability to continue to grow had stopped. This is when you see deleveraging and the mass stampede out of debt. The music simply stopped.

    If you distill our economy solely down to energy for transportation, a peak oil condition means that there will not be more consumption of oil next year because there won't be more oil supplied next year. So, more drivers driving more miles in more cars (growth = more) will not be feasible. The absolute real transactional volume of that economy peaks along with its energy inputs.

    Those who have debt and see that they CANNOT grow to meet their forward obligations have no choice but to deleverage, and if necessary, liquidate.

    The real economy peaked several years ago. What we had was a synthetic economy based upon CDS-derived CDOs. Notional GDP continued to grow as each transaction in synthetic debt represented nominal wealth creation. But, it was fictional. As the real economy peaked, its nexus to the synthetic economy began to cause cascading collapse in a system that required growth, that being the monetary system itself. They had NO CHOICE but to do these apparently “stupid” things because there was NO option within the real economy past 2005 to generate real growth. So, they moved money around in synthetic instruments and this notional transactional “GDP” was what serviced the growth needs of the monetary base.

    The Fed has no choice now but to print money because the real economy cannot service the interest levied upon it by the monetary system itself. The debts CANNOT be repaid. People do not know this, but our monetary system effectively collapsed in August 2007. It had been Wile E. Coyote-ing since 2005 driven by exponential growth of synthetic debt.

  • C.C. Rider

    VIX says it all to me. First time below 30 on the weekly since the crash. Nuff said.

    http://stockcharts.com/h-sc/ui?s=$VIX&p=W&yr=3&

  • Blind_Squirrel

    If they held their longs, they would be trapped on a gap down.
    As for a gap down, hell I have no idea, but if I wanted to screw
    the most longs and the most shorts, this is the perfect way to do it.

    Mkt. is being run with no sanity whatsoever, nothing makes sense!!!!!!!!!!

  • http://www.chartsandcoffee.com chartsandcoffee

    Mole, is your age public knowledge? Just curious a little bit about your background.

  • mrclam

    That being the case, I would think a gap down to 895 or below would be necessary to do a bangup job of it.

  • BigHouse(Aka Mr Vix)

    Another enjoyable chart from Dan.

    http://screencast.com/t/mBLo0WSq

    If this does play out in a triangle then we should see Primary Wave 2 coming to an end by the end of the summer :) It's nice to dream.

  • isaiah64v4

    I posted this on the previous page. Thought I would repost it here to make sure you get a chance to see it. One of his better videos.

    “OK …now for a very special treat that I promised earlier. I hope you haven't see this MB video yet. Youtube took it down because of copyright problems.

    http://vids.myspace.com/index.cfm?fuseaction=vi

  • LostIllini

    You could then have recently converted Bears buy the dip fill the gap and send this bad boy right down the shitter.

  • isaiah64v4

    Sorry link below was bad… try this

    http://vids.myspace.com/index.cfm?fuseaction=vi

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

    1st blonde gal is actually russian :)

  • Macrawn

    Swiss Franks? I'm not kidding lol.

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

    Well, I'll add my 2c
    Monday Sell Setup will be completed
    1.4147 is prior rev point
    time series 55 off prior working sell count will be Wednesday
    So Tuesday that will be the day.
    Anything within the range of 1.4147 to 1.4273 would be a sweet short for long term trade
    http://screencast.com/t/bVgk8k1keyy
    Ioda talking I

  • Macrawn

    The 200 day MA is at 931. Nice little squeeze now between 200 day and 20 day. 20 day has been support pretty much the whole way up.

  • Macrawn

    Oh yeah!
    http://tiny.cc/LmVxY

    Well almost anyway.

  • innatedc

    Yeah but if only the big boys bought that EOD piece of shit then they are first in line and this mofo is going up cause now they need to profit from that criminal act…why do you think they waited til the absolute last minute…..

  • molecool

    I'm actually following several of my strategies concurrently – even a few you guys don't have access to. I also don't know why you are claiming that I am a frustrated follower of my 'emotions' – quite on the contrary. My 'emotions' screamed at me all day to get out but I held until my line was crossed – simple.

    It's always the same – you call the market's direction over and over again. The day you get it wrong all the haters come crawling out of the woodwork and make all kinds of silly claims. Really don't care what you think, pal – fact is that I continue to trade circles around the likes of you. Period.

  • molecool

    Best advice of the week and it's strange that you should post this. I have made certain decisions in respect to this blog which I will share with you rats on Sunday. The level of frustration seems to have reached a new high here and I can't blame you guys – it's been a tough three months. But I see an increase in hostile or negative postings almost on a daily basis now and quite frankly I don't want to expose myself to that. I also see negative posts being voted up a lot and it seems that many readers don't speak out themselves but do agree and sympathize with whatever dirt is being thrown my way. This is very very disappointing, especially after all I have done here for you guys – for free – on a continuous basis. People suddenly start doubting my abilities, my integrity, my honesty, my loyalty, and question the character of my online persona.

    So, in short – blogging is becoming less and less fun and I have decided that it's time for some changes in the coming days/weeks. I will participate less in the comment section and I will only provide brief intra-day updates as to what I think the market is doing and the potentialities. I will however reduce my interaction in the comment section and won't respond to challenges, flames, etc – basically I'm heading in the direction T.K. is handling his blog and I now understand why he's doing it this way.

  • molecool

    Let it be clear – all joking aside – I did not cut my puts due to emotions. I followed my system to the letter – do YOU have a system? Because I have developed the mental fortitude to take losses up to the point where my line in the sand has been breached. I have demonstrated this over and over again right here – in front of an audience of tens of thousands of readers. So, I wonder why anyone – even in jest – would refer to me a 'hobby bear'. I don't want to be overly sensitive guys – but you have no idea how much shit I have been getting this week – half here and half via email. And it's getting to the point where I'm going to drastically reduce my participation.

  • C's & 3's

    I think an X wave is next. I kept my SPY puts thru this sneak attack rally. No action until the last 30 minutes of the month is a little shifty.

  • molecool

    I'm going to be here less and less – it seems a reduced exposure on my part is better for the coming weeks/months.

  • Skates

    Actually she looks Polish to me…

  • onorio

    I understand what you`re feeling mole, but you now how shits are…when you`re right, you`re the best, when you`re wrong, you suck.

    I`ve seen some shit comments here this week, and a lot of ppl giving credit to that comments, if ppl aren`t statisfied its simple, grab your ass and get out, im shure there are a lot of other places arround there.

    I support your decision in participate less in comments, if that`s what you think is best, i will miss your participation but in the end i know that`s the best for evil.

  • katzo7

    Just back form the proctologist where I had to get 8 stitches in my ass to repair a gash made by an escaped ravaging bull. WTF was I wearing red! You know, I haven't even looked at my charts this morning but was that an impulse wave, and would anyone declare this impulse wave an EW5? And I would bet Mr. Bollinger is looking closely into this one.
    http://www.youtube.com/watch?v=-FZxC4zMsi0&feat

  • LostIllini

    Mole, yes you are being overly sensitive and I'm not in an overly great mood myself for that matter. I fully realize that you cut your puts because of your system hence the just kidding in the parenthesis. I actually do have a system with my entries and exits being on a momentum or swing basis which is not at all perfected otherwise I would be hanging with beer chicks pictured above. I find the vodoo that you do to be extremely valuable and appreciate it greatly.

    Having said that…. Working 18 hours a day, hearing bitching on a daily basis and getting your ass kicked by a whipsawing tape will thin out anybody's skin. I think this place would not nearly be as interesting without you and letting the inmates run the asylum is probably a bad idea.

  • C.C. Rider

    Mole. I think you do a bang up job here. I wouldn't have stuck around, otherwise. If you need a break, take a break. This bipolar market is wearing out the bulls and the bears.

  • innatedc

    Hey Gang, you should see Denninger's take on yesterdays debacle….

    http://market-ticker.denninger.net/

  • standard_and_poor

    No more red pants for you Katzo.

  • katzo7

    Hey, you are up. Go over and read fa q's commentary about the market on the Xtra site.

  • standard_and_poor

    Alrighty, let's take a walk over there and stretch our red pants wearing legs a bit.

    ________________________________

  • katzo7

    Excellent find inna.

  • katzo7

    Doc said no walking for a week, have to sit on my wound!

  • standard_and_poor

    Did you notice not one of the charts shows a triangle. On a side note my opinion is that we may still be in a correction – won't know until Monday for sure, but I'm still long cause break out will be to upside as I've been saying for a while.

  • annamall

    Hey Katzo, What is a P index? (never heard that one?) good morning.

  • standard_and_poor

    Would you rather ride on the bull or walk.

  • annamall

    Hey Inna, BTW I got into SLV yesterday PM, that was one trade so far so good. I think we also may break out of the 1000 on Gold this time. I did a BF on OIH that was another good trade. so far my best trades have been BF or VS.

  • annamall

    BTW great freakin article. thanks

  • annamall

    Hi sweetie!

  • standard_and_poor

    Morning sweetness, what's the temperature.

  • standard_and_poor

    I missed you guys yesterday, but not Katzo and his bull.

  • katzo7

    Hey sunshine.
    It is something Atilla devised.

  • standard_and_poor

    I myself am not familiar with a P index, sorry.

  • annamall

    Hi Mole,
    First let me say, I don't blame you for being disappointed in some of the crap that has been thrown at you lately and I was also disappointed in those that voted they liked the nasty comments! I think they may be worse as they hide behind someone else's comments.

    It has been a really tough month (or two) and many Bears are frustrated and are reeling from some big losses (myself included)
    Instead of rallying around each other with support , some choose to finger point, name call and be distrustful.

    You are an amazing, intelligent man and and give of yourself not only emotionally but physically and intellectually without reservation.

    It seems some of us see you and appreciate your hard work and dedication and there are some few that like to spew vemon
    .
    I for one would like to thank you personally for your continuing hard work and sharing your special gift that many of us wish we had.
    See you soon friend! Anna

  • katzo7

    Oh, hi sweetie, it is 68 going to about 75. Luv ya.

  • katzo7

    You have been correct. But in hind site, and with looking at the charts, frankly S&P (or is it S&P ly Frank?), I wish I had stayed out. A terrible not trustworthy EW5 IOM.

  • standard_and_poor

    It's me you're talking to Katzo not your bull, that bull goring must have been worse than I thought.
     

    ________________________________

  • standard_and_poor

    Check out the slope's late friday post, Tim's 401k equity charts are impressive.
     

    ________________________________

  • standard_and_poor

    It's Silly and Pricedright to you.

  • annamall

    ahhh, sounds like a bearish barometer.

  • Peasant

    Chart of OIH:
    http://content.screencast.com/users/peasant/fol

    Notice each fib fan line from 08 high to 09 low proved heavy resistance for OIH. It cleared the last one a couple of days ago and also broke out on Friday. There is a gap from October still unfilled around $124.75. 38.2% retracement from 08 high to 09 low is around $125. Those seem like appropriate upside targets. bought the $110's on Friday – will double down on Mon or Tues if market is down. Good luck to all!

  • katzo7

    OK, here is the deal. As you know I am the self-appointed* Ethics and Morality Monitor** officer. Damn, via carrier pigeon, mole has bestoyed another responsibility on my f–king head. Like I don't have enough to do around here? With this crowd of ravenous rats? Now my role also encompasses that of Ethics Violations and Behavior Modification (you f–king guys, ABSOLUTELY NOT ON EMO BM***. Not acceptable. Or even EMO MO EVn BM)

    Along with:
    MOVIO (morals violation) we have a new term,
    O-GIRLED- means to rub someone's face in a bad trade or bad call. I hope I will never have to use this on any rats but will in an instance!
    BTW this board is great!

    *He will not admit this because he has told me that he needs to retain plausible deniability, and will not discuss it publicly, some legal mumbo jumbo thingy. Frankly, it went right over my head. Hence, while the fly girls and others have been thanked, I can never be for this role!
    **Now do not label me EMO (you guys know what that is?)
    ***A scatological day for me so far!

  • katzo7

    Should be IMO obvioously.

  • annamall

    Katzo, I think he was speaking to me LOL …it's partly cloudy and hot 80 degrees @ 9:35 in the morning YIKES!!

  • annamall

    Hi Peasant
    Thanks for the chart. I did a 115/120/125 June Call spread, so my thought was that it would be @ least to 120 by June OPX, (that would be nice) i paid .35 cents for it so that leaves a 4.65 profit if it lands @ or about 120 by then. Not a bad return on investment. I also think oil will get to 75$ (terrible for the economy btw)
    I also did a Vertical Call spread on CHL (China Mobile) yesterday morning for 1.15. I did the 50/55 June call spread, the stock is currently @ 49.21, so if it lands at 55 by June OPX that is a 3.85 reward (also nice)

    Good luck to us all next week!

  • standard_and_poor

    I'm wearing a jacket on the way out, lucky if it's in mid 50's. Have a great weekend guys, Katzo: don't forget to change the bandages. 
     

     

    ________________________________

  • Peasant

    The blonde in the pic is damn hot regardless of nationality.

    I'm not sure if GME just completed an ABC or ??? but it looks like it has a little room to run:
    http://content.screencast.com/users/peasant/fol
    If it makes it up to next fib fan line, I may sell it.

  • annamall

    Also you guys N Korea is stepping up it's noise. FWIW

  • Peasant

    Yes I'm thinking the same thing. I really wish I could do butterflies and spreads but my employer doesn't allow them. backwards-ass ethics office idiocy. (I'm not a registered rep or financial advisor so big brother if you're out there don't come looking for me.)

  • chilling

    Appreciate & luv your work.

  • molecool

    I just turned 17.

  • Peasant

    Katzo – are you for real? I would never rub a bad trade in anyone's face. That is extremely bad karma and it would come back to bite me tenfold. But what is considered an ethics violation?

  • katzo7

    Yes, I am a real person. This is just humor Peasant. Nothing more! You should know me by now.
    And I did not accuse you, did I?

  • http://www.chartsandcoffee.com chartsandcoffee

    Appreciate the response. I was assuming from reading your work that you were younger. Thanks.

  • Mastachopchop

    last of the mohicans

  • Peasant

    Man I'm gullible. I thought it was real. No, you didn't accuse me of anything. thanks.

  • innatedc

    Awesome work Anna and I agree with you on Gold….either it goes up cause the market tanks and it becomes a flight to safety or it goes up cause the dollar goes into the toilet, either way eventually it goes up but if you do options go further out and think longer term….Silver on the other hand has a better potential for return %wise…

  • innatedc

    Thanks bro….

  • Squidman

    I found this place when I was feeling extreme pain being on the wrong side of a 3 down. Sure as hell am not leaving now on this pussy ass 2 up. In fact the only reason I'm still recovering is because of the karma and energy here. If those are the only ones left when we come to the next 3 down, then I will feel amongst the best company.

  • Macrawn

    Nice read thanks.

  • ckeltner

    Couldn't get mine filled, hoping for a little pullback so it will hit.

  • ckeltner

    I sold some 15/14 vps on slv to purchase some calls yesterday morning.

  • salvadorveiga

    Man !!! 110 degrees outside and I'm fuckin sick at home…. I feel like an old guy waiting for the reaper and drop dead… !

  • Peasant

    That's hot! I hope there is no humidity. I live in Texas so I've seen my fair share of those days. Late July and August are the worse.

  • salvadorveiga

    40% humidity…

    I'm indoors right now, and not going outside but it's such a good day it's a pitty not enjoying.

    I'm with some kind of flu or something and synus allied gives a really bad headache and fever from the flu…

    never been to texas, but i bet you can fry some eggs on the pavement as welll 😀

  • mrclam

    thanks, good read.

  • molecool

    Okay, you got me – I'm actually 13.

  • methunk

    200 day

  • pricey

    Better get checked out by the doc. That nasty swine flu has been making itself known in all areas of the world. Don't mean to scare you – but do take care with any viruses right now.

  • mccoy111

    sds

  • katzo7

    He is not the only one bearish, I have a friend who taught me charting who is predicting 300 SPX.

  • isaiah64v4

    Keirsten

    Glad I didn't bite on DTO late Friday. Saw this today..

    – Storage tankers across the globe may be brimming with oil that no one is buying because of the global economic downturn, but the traditional laws of supply and demand don't always apply to oil prices.

    -The 12 member countries of the OPEC cartel voted in Vienna on Thursday to maintain output at current levels rather than increase supplies in order to bring some relief to consumers…Oil analysts believe OPEC's decisions on Thursday could help push oil prices even higher; oil futures on the New York Mercantile Exchange have risen 36% in just two months

    -Demand is picking up, especially in Asia,

    -“There is some risk we will run out of storage space in the next four to six weeks,” says Simon Wardell, director of global oil at IHS Global Insight, an energy-forecasting company in London…..”If we run out of storage it could prompt a collapse in the price,”

    -Despite such dangers, investors and oil producers are betting that global demand will roar back, apparently hoping that the recession has already hit bottom. Over the past two months, investors have plowed billions of dollars into oil futures

    http://tinyurl.com/lh4oa8

  • Peasant

    Without fail over the past few years, the energy sector has a massive sector rotation out of it at the end of June/first of July. The hedge funds and money managers all head for the exits at once.

    Oil/gasoline/diesel/natural gas futures also fall under considerable pressure regardless if there are signs of an economic recovery (not gonna happen) or geopolitical tensions or an active hurricane season which are usually the same rationalizations given for their move higher just a few weeks before. Something to consider if you try to short these names between now and then. Quick scalps can be accomplished though if you're nimble (which I'm not).

  • Keirsten

    Nice work Isaiah. :-) The charts are predictive and telling us where it's going next. They always do. $65 is easy, then on up to at least $75-80. Consumers will accept it, as it will be spun as, “at least it's not $147.” The small amount of shares I bought near the LOD are speculative on the 2 Day RSI rule above 98, but I'll bail out of the gate on Monday if I don't see a bit of a pullback on the futures Sunday night. IT, I'd rather be long oil here than short. They're “telling” us where it's going, and that's where the limit orders are most likely placed.

  • Keirsten

    Exactly- unless you can scalp at these, this is risky business right here. I had a lengthy conversation with a good friend in the “awl” business last night, and he did bring up the point that although the typical cycle is to sell the refiners in May, the pattern might not fit this year because of the shut down in the refineries and the lay down on so many rigs. It could be a bumpy ride ahead this year.

  • GMunni

    Cases are still quietly building and apparently the CDC doesn't think this flu will go on hiatus like the normal seasonal flu. http://flutracker.rhizalabs.com/?dsq=9350280# Funny thing is I've been seeing more and more blog comments with folks down with the flu in this off flu season.

    Salvador if you get better after a couple days and then seem to have a relapse after say day 4 or 5 get to the doctor immediately. That is the worst case scenario and is the pathology of a more serious and possibly deadly infection.

  • Osso

    The GS crowd is the one behind the Oil push up….together with some other commodities. The Financials substitute, sure. Together with Tech. those were the sectors who drove us here. Even goldstocks might be included there.
    My guess is these sectors will need a pullback soon, before heading towards higher highs. A bloww off top coming soon…???? i think so. As soon as Mon./Tuesday. imo

  • Osso

    Hints for the top:
    GDX topped at 45 or may exagerate a blow off over it, but pulling back fast.
    USO higher high and pullback
    SOX closes on 272, but lower high than previous.
    XLF does not break previous high.
    Dow/Transports negative divergence.
    SPX under 930…..

  • rhae

    How to tell if we will have a strong hurricane season,and if one should jump into HD and LOW..
    This is so far out it is almost unbelieveable… I told NOAA, but they never listen to me, It's not in their model. (don't take everything I say seriously).

    Ok, Most agree that weather is related to Sun Cycles, all the way down to upper atmospheric conditions. So It boils down to how hard and which way the wind blows.
    Most hurricanes are born around the Canary Islands. Especially if the water is warm. I have found if heavy dust storms develope over the Sahara Desert … Depending on much dust blows out to sea, it can have a cooling effect and slow hurricane potential…

    So how can we tell how dusty it is? Watch the NASA Satalite Photo's… they are worldwide with interesting events… They may not show the Sahara dust every week… But last year the photo's showed up very plain. Almost all the way to mid Atlantic… That was a lot of Dust… Hence, the ocean was cooler and Hurricanes were not as ferocious…

    this an interesting NASA site… http://earthobservatory.nasa.gov/Features/World

  • katzo7

    Another absolutely gorgeous New England day. Sunny, big puffy clouds, a gentle zephyr blowing through the house. Time to go out and finish planting the garden.
    Hey you guys are all great, what a bunch.

  • Macrawn

    This year I doubt they pull back all that much. They were beaten up so badly nobody was in these names to begin with. If nat gas pulls back even more what a long term buy that will be. The only position I would have in

    I think if anyone goes short they are also assuming that China won't be buying much oil, and it looks like they not only need more but they want to own oil instead of treasuries.

    I don't think the seasonal play is worth the risk this year.

  • annamall

    Hey Guys just got back from some errands. I am sure we see 75$ oil soon. (unfortunately) I was wondering Friday, if that was the Bear capitulation. I was thinking if it drove Mole out, that was definitely Capitulation!
    I can't believe they are so last century Peasant !!!

  • annamall

    Hi Sal, that' nada compared to our 95 plus 90 humidity. We're both hot baby!! 😀

  • salvadorveiga

    Yes we are !! 😉 eheheh

  • annamall

    😀 !!!

  • annamall

    Thanks Inna, I agree on the SLV, thats why I bought a bunch of it. If I do GLD I will either do a BF or a VS because that way you don't get the Theta burn. The further one from the $ (the one you sell) will actually start burning at a faster theta burn close to OPX.

  • BaldEagle

    Where are you in NE, love it up there

  • Osso

    with all the oil stocked in those vessel that are going around the world ….??? this is just GS boys, once again, playing the futures….Once the vesseled inventories have nowhere to wonder around…it will be a nosedive again.

  • thunda72

    AXP Daily – kissed the 21-day MA. Potentially good short with confirmation below 200-day MA. Target: 17.80

    http://www.screencast.com/t/bStuuURw7

  • katzo7

    Southeast coast Mass
    SO Dartmouth
    Where r u

  • Fujisan

    New Post!

  • airlines

    This bull market is unrelenting. I would just BE PATIENT and wait til the short trade comes. It may not be for many months, or even years. The market should be much lower considering the economy is absolute shit, but the powers that be want it higher.

    i came across this interesting site finance and economics article links

  • Keirsten

    Could be Osso, their hand is evident everywhere. The other side of the equation is that the rig count seems to have found a floor at these prices according to the latest BHI figures. And then there's China: No one knows exactly how much oil China wants/needs ultimately for reserves.. only that they're stockpiling and cutting deals with Lula and working a deal on the Real. If only we had a fly on the wall….

    I'm just going to trade the charts in the meantime and let them be my guide going forward.

  • airlines

    This bull market is unrelenting. I would just BE PATIENT and wait til the short trade comes. It may not be for many months, or even years. The market should be much lower considering the economy is absolute shit, but the powers that be want it higher.

    i came across this interesting site>>>> finance and economics article links

  • airlines

    This bull market is unrelenting. I would just BE PATIENT and wait til the short trade comes. It may not be for many months, or even years. The market should be much lower considering the economy is absolute shit, but the powers that be want it higher.

    i came across this interesting site>>>> finance and economics article links

  • airlines

    This bull market is unrelenting. I would just BE PATIENT and wait til the short trade comes. It may not be for many months, or even years. The market should be much lower considering the economy is absolute shit, but the powers that be want it higher.

    i came across this interesting site>>>> finance and economics article links

    Why would anyone want credit to GDP to expand beyond the levels that capsized their systems? What purpose is served by such unstable levels of credit? Better to maintain private debt to GDP within a range that promotes long term stability.

    Let CPI prices gradually fall so that consumers can buy the extra goods made available by increased productivity. Don't force consumers to borrow unrepayable sums to buy the widgets.

  • airlines

    This bull market is unrelenting. I would just BE PATIENT and wait til the short trade comes. It may not be for many months, or even years. The market should be much lower considering the economy is absolute shit, but the powers that be want it higher.

    i came across this interesting site>>>> finance and economics article links

    Why would anyone want credit to GDP to expand beyond the levels that capsized their systems? What purpose is served by such unstable levels of credit? Better to maintain private debt to GDP within a range that promotes long term stability.

    Let CPI prices gradually fall so that consumers can buy the extra goods made available by increased productivity. Don't force consumers to borrow unrepayable sums to buy the widgets.

  • airlines

    The fact that the 'pros' come out in force in the last hour is not news, just as the fact the the first hour of the day has always been amature hour. And the TICK is of some use but, like many other indicators of prior value, it too has become full of statistical noice to the point of becoming only marginally valuable.

    i found this interesting site of http://is.gd/HGYt lots of links to finance and economics articles

  • Keirsten

    I agree Airlines. Patience is key now more than anything. One of the best rules in trading is to just let it come to you, don't chase it.

  • disrespekt

    the reality is that global production has peaked.

    If someone has concrete proof of excess inventories, then fine, absent that this is all conjecture and book-talking. A LOT of production got shut in because of the drop in oil prices, leaving only the mature fields, all of which are in decline. The production levels out of OPEC…did they cut really or were they unable to continue to produce due to Peak? We'll never know because there is massive opacity out of KSA. They will not acknowledge Ghawar's decline nor allow independent audit of production figures.

  • disrespekt

    I gotta ask you, why you give a fuck?

    Anyone can sign onto a freaking forum and say wtfever. Fuckem. Are you in this for the adulation or u in it for the money?

    I don't give much of a fuck what ppl think of me, this ain't no damn poppalarity contest, G. The phenomenon you're experience is a symptom of what's wrong with this country – everyone is trying to get rich quick. When it doesn't happen, the $39 they paid doesn't translate magically into millions, they find someone to lash out at for failing to satisfy their need for immediate gratification. And that someone would be you. Everyone here is a speculator of some kind, we all basically do not produce anything worthwhile, we're effectively all gamblers of a sort. Some are at peace with that, others aren't. So screw the latter ones.

    This market has got me at ppls' throats, it has everyone strung out like this. It was like this last year in April/May too, friendships ended over this shit.

    Everyone needs to take a step back and remember that this is only money and money is not the most important thing in the world. Gotta find real meaning in something other than treadmill rat consumerism.

    Remember, the love of money is the root of all evil.

    To the people who want to come in here and criticize…if you don't want to take the trade recommended, then STFU and don't take it. It's not the blogger's fault, you're a fuckin adult, so STFU and take responsibility for yourself. If you don't like it, start your own damned blogs where you post YOUR trade ideas. Everyone knows or should know that EW gets shit wrong on a daily basis and if you're basing your trades solely on a tool that people claim can PREDICT the day-to-day movements of a chaotic/stochastic system, then you are an idiot. I've watched EW forecasters on KD's site get things wrong TOTALLY and repeatedly. I don't have any clue why anyone still acts like this stuff is the gospel except out of greed. So do your OWN due diligence. Do not rely on Mole or anyone else to tell you when and what to buy and sell. Oh and STFU bitchez and everyone stop whining.

  • disrespekt

    i need to roll out and into self-directed or else cash them out

    I believe a seizure event is coming like Argentina had. The ability of the government to fund exponentially growing deficits is over because real GDP has peaked and we cannot hide that inside a synthetic debt ponzi any longer. Essentially the USA is at the end of the road now and the fiscal responsibility we have forced on others will now apply to us.

    Think about it- we sacrificed an EMPIRE for mass consumerism. This is why I don't believe in universal suffrage.

    BTW, the Swiss went off of gold, so to hell with them and their insolvent banks too. Part of the problem. Half the world is a debt and paper ponzi and the other half is an export ponzi.

  • 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„¸

  • katzo7

    Ut oh, I see a future here!
    Will I be invited to the ceremony?
    I could not wish for a better companionship.
    Sal, buy the fucking ticket to FL, that is if you are not involved.

    BTW unbelievable day in NEngland. Nice breeze, chickens crowing, swans talking to each other. What a day.

    PS, annamall, let me give you some fatherly advise. GET ON THIS!

  • katzo7

    see below, you know what a yenta is? DEF. 1) Yiddish word which describes an old woman who is a matchmaker – a Yentle.(Ref. Fiddler on the Roof) 2) In modern use the meaning has become that of an annoying old hag.

    Please disregard point #2.

  • katzo7

    NO sweetie, he was talking to ME. There are things you don't know about me that would kill you parents. I HAVE had a checked life.

  • marketocr

    ake it from me. This is NOT the time to short the market. I know the fed and Geithner are
    corrupt, but the powers that be want to market to keep going higher, and there's nothing you
    can do about it.

    The time to short is when you have high volume churning on the SPX after a long rally. When
    that time comes you can sit back. If you're anxious that's a bad sign. Let the trade come to you.

    i came across this interesting site finance and economics article links
    .
    .

  • marketocr

    ake it from me. This is NOT the time to short the market. I know the fed and Geithner are
    corrupt, but the powers that be want to market to keep going higher, and there's nothing you
    can do about it.

    The time to short is when you have high volume churning on the SPX after a long rally. When
    that time comes you can sit back. If you're anxious that's a bad sign. Let the trade come to you.

    i came across this interesting site finance and economics article links
    .
    .

  • marketocr

    Te fundamentals dont' justify this 4 month rally thus far

    i came across this interesting site finance and economics article links
    .
    .

  • katzo7

    Thanks guy, I am agreeing now. Tried to play divergences in indicators,
    nothing works now, the indicators.

  • MyLifeMyTrade

    I agree that gap down would be an even bigger trap. Those whose buy stops got hit at 920 and above on ES… they will all panic if we gap down 10 – 15 points.. because they would be 20 points in the hole easily… A dip below 900, they would be forced to bail out and then a whip up after sucking in more bears.. God, I WANT TO BE A MARKET MAKER…

  • Blind_Squirrel

    Thought you don't go that way!!!!!

    Squirrel's caught you contradicting yourself
    again!!!!!!!!!!!

    LMAO

  • BaldEagle

    I'm from NJ..been going to the Cape for a longg time.

  • katzo7

    Hey,
    Yeah we go there a lot. We go to Truro, Wellfleet, and Ptown. Where do you
    go B.E?

  • lilme

    The hurricane season strength is predicted rather reliably by a man called Grey or Gray with associates – each year he predicts, based on a set of scientific factors and also indicates if they will hit the US coast. Just google his name, sailing people use this information and it is regarded as scientific-based.

  • katzo7

    BTW, my bad trade was just rubbed in my face. This is a veiled protest about that behavior.

  • BaldEagle

    I usually go to Dennis…Upper cape is nice. Totally different from the mid cape. hopefully we get some nice summer weather this year.

  • DesertEagle

    I usually go to Dennis…Upper cape is nice. Totally different from the mid cape. hopefully we get some nice summer weather this year.