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Hedging Technique
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Hedging Technique

by The MoleMay 16, 2009

Fujisan here.

I normally spend 3~5 hours on updating charts and going over some materials, etc., in preparing my weekend post, but I’m heading out to sunny California this weekend, so I’m going to make it nice and quick.

Here is my updated Qs chart.  If you take May 11 high (34.72) and May 13 low (32.96), and apply the difference of 1.76 to today’s high of 33.82, you would come up with 33.06, matching up exactly with April 20’s low of 33.06.  I love it when all these numbers are coming together and start making sense.

W4 Target

Here are my short term targets for W4:

Wave {a} target 32.06
Wave {b} target 33.7~34.0 (50%~61.8% retracement of Wave {a})
Wave {c} target 30.45~30.85 (100% extension of Wave {a}) – match up with 50% retracement of previous impulsive wave.

Now, Qs accomplished 3 major rejections today; namely,

1. Rejection of 200 SMA
2. Rejection of upper boundary of the current downward channel (thanks for your updates, Mole!)
3. Rejection of lower boundary of the previous upward channel (Qs closed right underneath)

Based on these facts, together with OPX today, I am expecting a volatile session on Monday (remember, Monday after OPX is the most volatile day of the month).

Game Plan

Now, here are the game plans that I have put together on Thursday:

  1. Add on June 33/31 put spreads on Thurs and Friday.
  2. Close out 50% of the position around 32.06~32.12 area (end of wave {a})
  3. Hedge your position with 33/31 call spread or you can double up your call position if you like to ride wave {b} correction.
  4. Qs will come back up to retest 200SMA around 33.7~34.0 area.  Close out 33/31 call spreads upon a successful rejection of 200SMA (end of wave {b}).
  5. Add on June 33/31 put spreads upon a rejection of 200 SMA.
  6. Close out June put spreads at the end of wave {c} currently projected around 30.45~30.85.   If Qs comes down with much higher volume, this support may be taken out, so please watch out how it comes down.

Options vs Futures

As we are going through W4 correction, we should be expecting many whipsaw sessions going forward, but I wouldn’t recommend that you get in and out on every whip.  Options are not made for daytrading vehicles, and this is the biggest difference from futures where you can get in and out on every hour and still able to make money due to high liquidity.

Options are made for “position” trading; i.e., you like to hold your position much longer, and in the meantime, you like to “hedge” your position in case the trade goes against you.

Hedging

Hedging could be used as an alternative method to a “stop loss”.  I prefer “hedging” to a “stop loss” although they are technically the same, but it all comes down to trading disciplines and a “mental” part of the trading.  Believe it or not, 85% of the trading is mental, and I tend to be discouraged when my stops are taken out and my losses are already “realized” and, as a result, I become very hesitent even when I see a perfect entry point afterwards.

On the other hand, with hedging, I will be still managing my positions, looking for a good entry/exit point, and possibly adding on to my hedging position to reverse its course from short to long or long to short, and eventually making money on the other side of the trade.

Bearish Position

This is Qs June 31/33 put debit spread with $35 entry point.  This is a bearish position.

Hedged Position

Let’s say that you take 50% positions off the table at $32.06 and decided to hedge the remaining position with 31/33 call debit spreads.  This is a 100% hedge and your position is basically flat (you are not making money in either direction).  When hedging, you need to take the opposite corresponding positions with the same strike prices.

If you look at a green line (this is the P&L at OPX), you see a flat line right at $580.  In other words, you were able to lock in your profit of $580 at $32.06 and you could sit tight on your position on its way up.

Bullish Position

Now, if you are more aggressive and you like to make money on its way up, you can increase the number of call options and create a bullish position.  The below position illustrates 1 to 2 put/call ratio (i.e., you buy 20 call spread contracts against 10 existing put spread contracts with the same strike prices).

Now, after wave {b} is complete, you can close out your 31/33 call debit spreads with a nice profit, add on 31/33 put spreads, and ride wave {c} all the way down to 30.45~30.85 area.

(In reality, it won’t be that easy, but these are the examples of what could be done with hedging in case the trade goes against you).

IWM

Lastly, here is one more nice looking chart for IWM with perfect matching numbers.  a=c pattern formation completing at 44.99, right above a gap support and 38.2% fib level.

I will be spending my weekend in sunny California.  I will see (?) you guys on Monday when I get back.  Have a good weekend, everyone.

Fujisan

Mole here: I find it necessary to point out that I disagree with this wave count although I believe that Fujisan has the general direction and depth of this retracement right. This might sound academic to many of you but I don’t want to start confusing people with competing counts.

Many thanks for sharing these hedging strategies however – great work, Fujisan.


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.

  • http://www.channellines.com Winace

    Sup mole? Hope everything is well. Just dropping a note here on Mondays probabilities. If we gap up, fade it. If we gap down, fade it. I am expecting a gap down with further downward pressure to SPX 830, but not without a small de-leverageing bounce at SPY 87.25, QQQQ 33.07, and DIA 81.07. The Q's have already nailed this level, so the second test will not be as strong. This is what constituted recent strength in the NASDAQ and weakening of the DOW and S&P. We have seen a shift of short-covering in the NASDAQ and re-allocation to the short side of the DOW and S&P. The indices/ETFs have now corrected the arbitrage, they now need to correct the over-all market imbalance. All the indices and ETFs have the same percentage range to neutralize market bias, about 6-6.5% to the down-side as of the close. Have a good week next week.

    My analysis is absolutely biased, as is anyones. I am short all major indices and have been since April 1st, but I am making coin. Go figure… Would love to see some buyers step in, I need to leverage up a bit more 😉

  • onorio

    Based on this chart, if we dont start going down hard monday i will close all my shots and reload higher…

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

  • http://www.bostonwealth.net bostonwealth

    Fair Value S&P 500 http://tinyurl.com/ohhprq

  • innatedc

    Thanks Fujisan as usual…I loved your Q's plan so I took a 33/31 position on Thurs when Qs hit 33.60 and your IWM analysis matches mine so I've been in TZA since Thurs as well…….hope to close near target by end of next week…
    Update on my two calls this week
    1. OIH- sitting on great profits earning time decay and will start trailing a stop on Mon.
    2. RTH- sitting on great profits but will take profits on Monday as we edge closer to $75 target (it just has to get close, I'm not getting greedy with this one-too much money to squander).
    For you rats, my goal is to give you guys 2, maybe 3 plays a week for your pondering, to take or not take based on your own due dilligence….hope it helps…just trying to pull my weight with such awesome company on this blog. For awhile I had been bouncing around a few blogs (TK, xtrends etc) but have decided to focus my work here since this one, imo, is the best (no disrespect to others) for overall learning and well roundedness. Some of you are even quite comical and of course how can you resist a blog that has “Mole's angels” that far exceed any Charlies Angels in both looks and brains. I would love a poster of Mole and his 3 girls (Anna, Fuji and Keirsten) on my wall to replace the old one(a sexy pose using laptops and dollar bills flying around-and of course windblown hair) I had as an impressionable and horny 13 old….LOL…..Rock on Mole!!!!

  • Peasant

    I understand the 1050 argument but that's a pretty high multiple in a deep recession. 1015 also happens to be a 38.2% retracement from 2007 highs to 2009 lows.

    882.71 is the 23.6% retracement for .SPX from '07 high to '09 low…and… holy cow, we are sitting on it right now. Funny how those fibonacci #'s always come into play.

  • Peasant

    Mole and Fuji and others – thank you once again for all that you do!!!

  • annamall

    Fuji, you never cease to amaze me with you analysis and work, you are a true gem! I also have on a Q's position, but on this one I did the 33 straight put. Can't wait for another 2 weeks to start reloading BF's & BWB, you know they are my passion. PS yesterday i actually saw the most gorgeous real butterfly I think I have ever seen, royal blues, yellow, reds! Wow.
    Thanks again for all your tireless work and contributions!
    Have fun in California. I love it there. 🙂

  • Squidman

    Thanks for the hand-holding on hedging this play Fujisan. I can see how hedging leads to greater mental discipline, and greater skill. Hope you have lots of sunshine!

  • ropey

    Hey Fujisan awesome work as always. Hmm it'' be interesting to see where that up {b} leg occurs on the Qs – possibly tie in with Apples WWDC on June 7th-8th? Apparently they may announce the new iPhone there etc…as always just rumours…

  • Squidman

    Hey Anna, I did straight Puts also. Mainly because my little rat brain takes a long time to compute the extra angles. Nice to be sharing with you!

  • Squidman

    Thanks for sharing Innatedc. My path was pretty much the same. Great idea for a poster.

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

    Fuji-San,
    really great charts

    Interestingly enough – your 33.06 on QQQQ is TDST 33.07 (4/24/09) where there is a highest chance of short term reversal on Monday/Tuesday.

    http://screencast.com/t/JLrMoYUQx

    IWM 46.38 as of 4/28/09
    IWN 43.44 as of 4/28/09
    SPY is in the worst shape of most – TDST 84.76 as of 4/28/09 (due to Oil&Gas services and most likely rising dollar)
    Have a good time in Cali
    P.S. penny differences can be explained by different data feeds indeed

  • tranchefoot
  • mrclam

    Thanks for the post Fuji, will be executing your strategy as it unfolds, and will add on the IWM positions as well. Had a question where you said to take off 1/2 the puts you put on, is that more a capital management thing, or is there a reason to take half the position off?

  • tranchefoot

    Thanks, Fuji. Hope you're enjoying Cali. Just don't buy anything at COH, please!

  • ptthaas71

    Great post Fujisan, thanking you is never enough!!!!
    Mole you’re zzzzz Best!!!

  • innatedc

    Anna, no comment on my poster idea up above? C'mon there could be some real royalties for you here……;)

  • http://rifftrax.com janiem

    Thanks for this, and the wave is a classic, I never tire of seeing it.

  • annamall

    God, as I was typing a reply to you innatedc my (only 1 yo ) crashed!! 🙁 So I am on the older one (slower) and I also had to reverify everything on Disqus.
    Anyway what I said was thank you for such a great idea! I had also thought of trying to make a graphic of Evil and his Angels. Evil's Angel (I think it's catchier) 🙂
    Glad I am finally back on! Now I have a friend coming over to check out my laptop this p.m.

  • annamall

    Sometimes doing straight calls and puts are a good idea especially Squiddy when the I.V is as low as it's been in a while. I usually get the ITM put/calls as the delta and Gamma are much faster! 🙂

  • standard_and_poor

    Video of Katzo's favorite pets (one of them is blind):
    http://video.yahoo.com/network/100000086?v=5017

  • http://zstock7.com/ zstock

    Fujisan,
    QQQQ, concerning options–If I choose the right strike–QQQQ June 37 puts-( based on today's close)- moves nearly penny for penny in relationship to the QQQQ's price–So, if you use the wrong strike–I can see how you would think, Options are a bad vehicle for day-trading–I think they are xlnt–I'm not distracted by those OTM or ATM strikes–I never use those–So, I don't encounter the problems you seem to be having.
    On another note—
    Here's a winning dead cat bounce–SHLD
    SHLD is due for a 6% to 10% dead cat bounce**The fib lines give a rough idea for entry and exit prices.
    If this stock goes down 11 days in a row—that’s a real GO LONG signal–

  • standard_and_poor

    Thanks Fuji.

  • annamall

    S&P that was one of the cutest videos I have ever seen. It actually brought tears to my eyes! thank you that was very kool! 😀

  • annamall

    Appreciate your post, but I have to tell everyone I hate that saying! Could we maybe use potato- tomato, anything but an animal? 🙂

  • standard_and_poor

    You're as sweet as they come. I have plenty (too many) of squirrels in my backyard.  I'm shipping you a half
    dozen baby squirrels as we speak.  Hope you enjoy them (I won't miss them).

    Hugs and kisses sweetness (play me a tune).

     

    ________________________________

  • annamall

    here one for you babe!
    http://www.youtube.com/watch?v=dvgZkm1xWPE

    Have a awesome day! 🙂

  • katzo7

    I laughed, I cried, it was very touching S&P.

  • annamall

    Mole this song is for you! 🙂

    http://www.youtube.com/watch?v=4w9EksAo5hY

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

    My greed for more profits caused me to make one small blunder on Friday, I was watching IWM most of the time…..
    Here is a write up on my lessons learned

    http://snpmonster.blogspot.com/2009/05/spy-stil

  • standard_and_poor

    Bravo! (great video).
    Squirrels will arrive via Federal Express, in box are a dozen yellow roses.

    ________________________________

  • standard_and_poor

    Sorry Katzo, you are not my cup of tea. Try Bovine instead.

     

    ________________________________

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

    You referring to the video on my blog…? If you lost money….those tears can wipe away your pain due to any losses and start the day renewed and purified….lol (Talking like G) 😉

  • molecool

    Part of my collection of course. What are you doing online – aren't you supposed to be at the beach?

  • katzo7

    zstock, lots of cat overs here.
    Can a dog do this?
    http://www.youtube.com/watch?v=TZ860P4iTaM

    You've got talent!

  • katzo7
  • Peasant

    I've been following the dollar closely lately because I believe it has to reverse it's downtrend in order for the commodity related sectors to sell-off. Fundamentally, the long-term outlook for the $USD is horrible but the short-term and intermediate trend suggests some upcoming whipsaw. I realize this view is the exact opposite of the “experts” who are bullish on energy, agriculture, etc. and perhaps I'm wrong, but …

    Looking at the 30 minute chart on $USD, there is a nice inverted head and shoulders which suggests a sharp upward movement coming on Monday. Notice the breakout on Friday thru previous resistance:
    http://tinyurl.com/oss33z

    However, the daily chart on the $USD indicates that the downside is not finished. Downside target to the bottom fan line or $80.17 which would equal the same movement of the a wave. I realize I could be totally wrong here.
    http://tinyurl.com/qfvvbm

    Since there are so many folks bullish on agriculture stocks, I decided to check out DBA and DBC (two ag etf's)
    Here is the hourly chart and my interpretation:
    http://tinyurl.com/qz5egp

    and the daily chart suggesting more upside potential. If we get a big selloff on Monday, I might pick up some calls in the fertilizer names for a weekly trade:
    http://tinyurl.com/qc5bf3

    Looking at the dollar intraday and daily chart as well as the commodity intraday and daily charts leads me to believe that the current wave count on SPY might put us in minor wave 4 of intermediate A or C. I'm mainly basing that view on the dollar daily chart. I know this differs from Mole's interpretation and I mean no offense by having a dissenting view. Besides, sometimes this blog suffers from the group think mentality so hopefully this will foster discussion.

    Interpreting the SPY's movement lately has been an exercise in futility for me but here goes:

    SPY 5 min: http://tinyurl.com/owqjob
    SPY 15 min: http://tinyurl.com/oovl5v
    SPY Hourly: http://tinyurl.com/qt7dxt

    All of this suggests a big drop on Monday followed by a reversal which as Fuji and Mole have pointed out is typical for the week following option expiration. I'm currently short oil via SCO calls and short SPY via puts and still holding some long equity positions but they are collared. Good luck to all. Comments and Criticism welcome.

  • Earl of Subway

    Fujisan,

    I really liked your paragraph on Hedging. I've added it to my notes, and will give it a go. I've been slowly working towards that kind of thinking but hadn't seen it described anywhere. Many Thanks.

  • innatedc

    Thats the beauty of this board, Peasant, you are allowed to have a dissenting view. You just need to present it well and you did…thanks for the input…+1.

  • standard_and_poor

    Yes, very sexy for some I suppose.
     

    ________________________________

  • innatedc

    Evil's Angels it is……now lets get you four at a photography studio (I'll assume you have contacts for photographers) and start shooting!! I would like to volunteer (for a 10% commission of course) to be the group's manager since someone has to book all of the autograph signings at various money shows etc……then I'll start on the movie deals (with sequels of course). Picture this plot- The world is threatened by an international conspiracy headed by Goldman Sachs (who plan on robbing all the innocents of all the money in the world) and then come in Evils Angels with their kick ass BUTTERFLY kicks, their punishing CALENDAR spread punches and variety of mixed martial art options to save the day and take back the money for the people leaving GS floundering around in their Bernanke diapers and Geithner toupees!!….and smirking Evil sitting at his desk with Hefner-like robe and stogie in hand lavishing the girls with praise over the speaker phone since, as with Charlie, his identity is unknown…….and roll credits!!!!!

  • innatedc

    That was good. I hope blind squirrel catches that one…..+1

  • innatedc

    I do not get the attraction to that group…you have to have a taste for them I guess…..

  • standard_and_poor

    Thanks buddy!

    ________________________________

  • annamall

    Hey there, Shopping, gym (hard day) I am doubling up on workouts so I will look good @ beach! 🙂
    I love those guys! (+ they're hot :-))

  • annamall

    Sounds like fun! 🙂

  • annamall

    Katzo I love that video! It looks like an asian bengal cat (I have one) they are like dogs and so smart it's scary! thank you. 🙂

    Thanks for the Allison K video (nice touch) she has a voice like an angel!

  • katzo7
  • tranchefoot

    It's pretty clear that IWM and QQQQ have broken their uptrend channel. Unfortunately, it's not so clear on the SPY:
    http://screencast.com/t/alXZHdttVI

  • katzo7

    Thnx sweetie.

  • rhae

    I mentioned that it seemed strange that I had to log-in directly to DISQUS , often.

    I dump my temp files and clear the cache and scan registry, run defraggle, and crap cleaner… sometimes a few times a day… I like a smooth running machine……Duh, sometimes I feel so stupid….

  • rhae

    I think the daily QQQQ chart is diffcult to count the EW waves correctly for a non-pro. Because of lack of well defined swing points on the bullish run up…. So I won't.

    I will try a different tack…. OIH (oil holdrs) I think most would agree that comodes and finacials have been generally tracking with the majors.

    I do not know of any way to project exact future reversal points. Fibonacci good enough, but which one… I guess RL retracement would help? I do not subscribe. I have several different ways to look for match points. But for this chart .618 looks interesting.

    I just look at history down slopes for wave 4 slope, and watch for a trendline bust up for those little ab abc wiggles on the way down… I won't project them, they just happen when they happen…
    http://screencast.com/t/XS08z9ZpdB

  • annamall

    Hey Katzo
    That's so nice ( I can just imagine you doing that :-))

    I am not sure about Monday, but I closed out most position ( May OPX) or they expired on Friday. I really don't like to hold much over weekend. I have a few puts, spreads.
    I am watching the USD, I agree with Peasant up top, that if the dollars keeps rallying then we will see more selling in equities for a while, then rally as you mentioned during summer, Then Fall Fall Fall in the fall. I like being bearish so much better even though I can be a bull, but going down is so much more fun (not watch it LOL) because it goes down faster. I am going out so will catch up with you all later. Did you ever figure out my special powers? 😉

  • annamall

    😀 can't wait!~

  • itsgold

    I'm net short on the market right now, mainly through SPG and VNO puts. SPG looks like it's about to breakdown. I should have confirmation of the downward trend next week. Good luck all.

    Those QQQQ put spreads also look good and I may get a few myself.

  • molecool

    “I am doubling up on workouts so I will look good @ beach! “

    I'll be ready with a set of high performance binoculars and a web cam.

  • Blind_Squirrel

    Great Video and music clip.

    The thing I took away from this is a reminder that the anaimal world
    can teach us a lot about helping others. For those fortunate this year
    to have done very well in the mkts. to try and help others, including the
    animal world.

    As we progress froward at some point in the near future, we will be
    again entering the eye wall of this financial hurricane that will be
    a continuing death spiral down into 2010-2011 and possibly beyond.

    FWIW, IMHO the Meerkat Manor series that was on Animal Planet
    was the best animal show of all time. Watching that show to me
    was worth more than a 4 year degree in human psychology.

  • Blind_Squirrel

    Well, It actually cheered me up, as I have been sobbing uncontrollably
    since yesterday morning when I learned Katzo and I were not in Anna's
    circle of trust!!!! Even lost my appetite for Sushi!! That's OK, I'm better now.

    I just hope and pray that your picture's you sent Mole are not being
    edited and photoshopped in a Berlin or Prague Studio for insertion
    into a magazine or video!!!!!!!!!!!!!!!!!!!!

  • Metalman

    Fujisan thanks for the post

    That pic is fantastic where did you get those Waves from? I want that for my wall

    MM

  • Hanuman

    Fujisan,

    Thanks for your great analysis and post. I am quite new to Options and most of your terms are greek/latin to me.

    I would highly appreciate if you could please direct me to some web sites and/or books for learning about options?

    TIA.

  • katzo7

    It's Hokasai. THE GREAT WAVE, Note the two boats and Mount Fujiyama in the background, it is one of my favorite Japanese Ukiyo-e woodblock prints.

  • katzo7

    You impress me.

  • katzo7

    I'm not falling for that one, was set up before! It goes down much faster than it goes up, that is unless I am short. And a far as your special powers, I theorize that you traded those pics to mole for a set of the keys to the city. Watch it though, I heard Mrs. mole i a skilled knife thrower. LOL

    Wife out of town, listening to Journey full blast. Have no neighbors close to me.

  • Blind_Squirrel

    http://zerohedge.blogspot.com/2009/05/mark-patt

    getyourselfconnected said
    I was able to get a copy of the letter the Treasury sent to Mr. Patterson to urge him to recant his words. Read it below:
    To: Mark Patterson of MatlinPatterson
    From: The Treasury, you Punk
    Re: Stupid words, but we can save this thing yet!

    Mr. Patterson,
    We at the Treasury were deeply saddened to read your comments made in Qatar concerning the TARP program. While we bent over backwards to hand out money so you and your ilk could spend taxpayer money to enrich yourselves, we are rewarded with this kind of slap across the face. Here at the Treasury we have a saying:
    “Don't' Piss Down My Back and Tell Me It's Raining!”
    Which yes, we stole from the “Outlaw Josey Wales”; regardless please be advised that we do not take kindly to being portrayed as ripping off the public, we are doing that, but to say so is poor taste.

    Luckily after review of your comment transcript we at the Treasury have a way this can be fixed. Please find the text of what your new comments to be made, no later than Friday Morinng May 15th, will include. Do not change or alter these words in any way:

    “On my comments in Qatar I would like to clarify some items that were fabricated, misstated, misquoted, and mischaracterized. While I did use the word “sham” what was not reported was that I stated that the TARP program was in fact a huge “SHAM-WOW” that was in effect sopping up the market ills of bad assets. This service is vital to the smooth flow of credit to households and small business. It has been reported that I said the taxpayers were getting “ripped off” but if you listen to the transcript closely you will hear that what I said was that losses for the taxpayer on TARP had been “WRITTEN OFF” as impossible because the deal they were getting was so awesome.

    Thanks in advance for any corrections and any removal of any archived web material that states otherwise.
    Mark Patterson”

    The Treasury trusts you will follow our guidelines as not to jeopardize the bank secondary offerings during this silly market bounce. Not that we are threatening you, but we do control the IRS and your MySpace page does include many “friends” of the female gender that are, how shall we say, of an age bracket that may become inconvenient should the FBI want to look into it. Not that we control the FBI.

    Thanks in Advance,
    The Treasury, you punk.

    This is a joke letter in case anyone gets crazy. I am Kidding! But would you really be surprised if it was like this??

  • standard_and_poor

    How true BS, we have much to learn from animals, I'll look for the meerkat series.

    ________________________________

  • Blind_Squirrel

    Suggest Pink Floyd

    Learning to fly.

  • Blind_Squirrel
  • Rhett

    Consider the idea that we are not trading equities anymore, but really the US dollar.

    Look at /DX on ToS.

    Most commodies futures contracts have doubled in the last 2 weeks because of the weak dollar.

    Next week the dollar looks like it will strengthen, retracing part of its down move. Equities/commodities should correspondingly weaken. Then when the retrace is done and the larger time frame $ fall continues, all asset classes valued in dollars should strengthen.

  • Rhett

    Fujisan,

    Thx.

    You'll like this song.

    http://www.youtube.com/watch?v=r_0PdxKFrTw

  • Blind_Squirrel

    “I'll be ready with a set of high performance binoculars and a web cam.”

    Note use of the word webcam for direct transmission to
    the Berlin editing studios, The names for the video are racing
    through my head!!!!!!!!!!!!!

  • rhae

    agree that's the way I see it…

  • rhae

    Mt Fuji a beautiful Mountain… spent a few years in Tokyo/Yokohama area in the 60's…

    Of course it helped that it was 360 yen to the dollar, then….

  • ropey

    I kinda feel like this going down Fujisan's Q wave…

    http://www.youtube.com/watch?v=k2vkwy2vdP4

    I just hope the wave doesn't take me out lol..

  • onorio

    It seems $VIX has bottomed.

    http://www.screencast.com/t/QaO7gEWo

    I think we could have a wave 5 on $VIX monday, but we are due for a correction. SPX hourly stochastic seems to point that too.

    I seems that later tue/wed $VIX could rise in a wave 3, so i expect more weakness during next week.

  • katzo7

    You finally discovered who is really behind Rat.exotica.de?

  • katzo7

    Since Bala was mentioning weed, decided to revise a small part of my past (I never inhaled though) but didn't have any pot. So I tried oregano, unbelievable! Got me so hungry I had to make a lasgana.

  • katzo7

    Off topic but what is with New Englanders? Watching a Boston based food and cooking show and a chef was saying he was going to add some green peppas. Then he worked on boiling a lobsta (sorry Anna). An ad said “come on down and get your new ca (car) in Peebeddy (Peabody). And finally another guest said a good ideer was to . . . . .
    WTF is the problem with”R”s, they go in where they shouldn't and drop them where they should be.

  • katzo7

    Mole, I still have that pair of glasses I am willing to part with for a small price that my uncle bought off the back of a magazine in the 60s. You can see through clothing, honest! They really work!

  • annamall

    LOL I hope you're being good while Mrs Katzo is out of town. 😉 Journey good choice, you know I love them.

  • annamall

    God Squirrel that was said so nicely + 2 for you my friend, I was thinking the same thing, about how nice it was that people were helping these little creatures. I am a volunteer for the Humane Society, and have a feral colony that I feed most nights (I do have my crew of helpers when I have plans, date, ect) but I trapped these ferals (20) took them in got them fixed, rabies, fleas, ect and have been doing this for 6 years. They wait for me every night and when I pull in they all circle my SUV. 🙂
    What a wonderful feeling to get back!

  • annamall

    LMBO You are so funny! Hmm maybe I asked Mole to do a video 😉

  • annamall

    Sweetie, make sure to use High Def, so it gets all my definition LOL

  • annamall

    Morning sweetie, were you good last night while mommy was away? I love those Boston Accents, they are different in a endearing way. 🙂

  • Tazman

    Fujisan…excellent work…..enjoy the weekend!

  • katzo7

    Yes, I was very, very good. And I have references.
    See chart down below, tell me what you think.
    Have to go shopping, gonna make lasagna. See my oregano posty thing?

  • annamall

    Here is my take for tomorrow FWIW, we gap down around 875 or so, then bounce back to fill then gap, then down again. 🙂

    Ok, yesterday my laptop crashed and wouldn't start back up. Hewlett Package (never buying one again) I called HP and guess what the warranty was 7 days past a year, and they will do nada! I also had one back in 2000 that did the same thing, (motherboard) and it was still under warranty. Man, I couldn't believe they time it to break down exactly after 1 year. I want to get a Mac, (have had them before)but knowing I will have to get used to everything different is not a task, I look forward to.

  • annamall

    yum I have fresh oregano and basil and tomatoes outside on my deck (500 sq feet) I love being outside 🙂 Are you making for the mrs? that's so nice !

    I will look now.

  • katzo7

    Yes.

  • annamall

    See my post above, 🙂 I was typing the same time as you were i guess. If I were tripping that chart would freak me out! LOL BTW good work, the text was grainy though and hard to read.

  • katzo7

    Anna, I get 879 for the bottom of any gap down.

  • annamall

    thanks babe What do you think about my laptop issue, isn't that crappy?

  • katzo7

    On my end, the text is fine. You blew (no unintended reference here) it up right?
    Any one else have trouble with the text?

  • annamall

    I will reply to blow it up! LOL

  • katzo7

    Terrible, I just bought a HP and am happy with it, the bigger screen version so charts look good. There really was not much else that looked good at Best Buy.

  • Iguanadon

    Text was fine after clicking on it twice to zoom in a couple of times.

  • annamall

    My Mom did the same to me (found my stash) and replaced it with oregano (it's an Italian thing :-)) and I wondered why it smelled so funny when I was smoking it, (and I inhaled LOL)

  • katzo7

    WTF do I get myself in trouble all of the time? Am I really a bad boy? How come I seem normal at my workplace–the exact opposite of S&P–and turn into a ?? online? LOL
    I need help from Dr. Calamari. Just as long as he is not Dr. Caligari! Scarry thought!
    (Please, watch this at your peril with no children in the room. It has changed me forever!) http://www.youtube.com/watch?v=W7OKy0LjyNA

  • katzo7

    Thnx Igu.

  • annamall

    That's what I have the Pavillion 19 inch screen DV900. I have to send it back to them and god know what that will run!

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

    I have a funny feeling that we might rally after memorial day…if there is any sell off…This week maybe FOMC will hold the market up a little….

    Any opinions on those events?

  • Squidman

    Keirsten posted that it is only a minutes reading and not likely to be much.

  • 4breakout

    If you bought it with certain credit cards, they double the warranty. I have had great success with stuff going bad after the warranty period, purchased on my AMEX.

  • Squidman

    I've had the same problems with a Dell and HP out of the box. I know what you mean about switching formats, but, I have been so happy with my Mac that I'm never looking back. Take the plunge.

  • katzo7

    You're a big tease!

  • katzo7

    Yeah, BS really impresses me. He sends me all sorts of stuff, privately. As I said, sometimes I cringe when opening them up. I have even had my son review them at times and let me know if it is safe. Ask him about the car wash!
    http://www.youtube.com/watch?v=dG5Qk-jB0D4 (sorry mole)

    The amount of research BS does is amazing! And don't try to slip one past him, he goes back in the blog and meticulously reads everything. A guy with time on his hand. I wish he would change his screen name though. That alone gives him tons of crap.

    But he has his rough side and I can only hope my sensitivity will rub off on him.

  • Squidman

    God I love it when you explain why I do the things I do. BTW, I tell my cats all the time there is more then one way to skin a cat.

  • katzo7

    I run two laptops concurrently, a HP and a MacBookPro just in case something goes down.

  • mrclam

    Anna, if you want to ease yourself into using a mac, i recommend either getting VMWare or using boot camp(believe it is free if you buy a mac). It'll let you run windows on your mac so that you can kind of phase yourself into the transition 🙂

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

    It will only take you a week to get used to a Mac — and even if it took six months it would still be worth it. All my Apple products are refurbished and I've never had a single problem. You can usually save 20-30% at the Apple refurbished store & everything comes with a 1-year warranty. The selection is small but it changes several times a week so you have to keep an eye on it — http://store.apple.com/us/browse/home/specialde

  • LostIllini

    Get VMware then you can run xp in a sandbox, the best of both worlds really.

  • mrclam

    MAKE SURE YOU GET APPLECARE.

    I bought a 23″ apple cinema display a few years back, it went bad 6 months after i bought it, and then broke again for a second time a month after its original warranty. flushed $1000 down the drain. (they wanted $500 to repair it, and offered no additional warranty, very nice of them)

  • annamall

    Hey Squiddy
    I am almost there too, if it's too much to fix the HP I am going with a Mac. Which one do you have? (if you don't mind me asking) and do you find it easy to use TOS with it?

  • annamall

    Nice you can go both ways 😉

  • annamall

    thank you sweetie, I have heard of that. 🙂

  • annamall

    From now on, for any laptop (that's all I will use) I will get an extended warranty, there are too many things that can happen. (along with any accidents that may happen) Like me drooling over a hot man on it. 😀

  • annamall

    Thank you SS Chickadoo! That's a great idea. Can you get additonal warranties on it?

  • annamall

    thanks Lost!

  • katzo7

    You are full of them today. Again, not taking the bait!

  • annamall

    and much bigger fun to be with 😉

  • rhae

    My projection on the SPX is a little lower. However, with a longer timeframe of 120m that is expected. Maybe Tuesday or Wed.? 872.50

    Hey Katzo, I added the Arc's to the Fib Fan on this one.

    This chart seems undecided about Impulsive or Corrective. I want Impulsive down but until the catcher's mitt line is busted I suppose neutral. So again agreeing with the Katz.
    http://screencast.com/t/xNfa66Ixqi

  • katzo7

    Morals VIO!

  • katzo7

    Not taking the bait!

  • annamall

    I find that amazing and kool. He has such a sweet side, and so do you as many others do here, that is why I like it here so much.

    Not only am I surrounded by very smart people (ahem there is a hardhead or two and we know who I mean) 🙂 but everyone is so lovable and nice and to me that is so important to surround yourself with in life!

  • annamall

    No problem sweetie. 🙂

  • annamall

    A great song to start the day!

    http://www.youtube.com/watch?v=LFjKFDvyJ80

  • katzo7

    PETA VIO.
    BTW, I am back on the self appointed chair of morals committee. I attended a ten step program and feel I can handle it again, already given a few VIO warnings Squiddy. Please let me know how I do.
    BTW, Anna is teasing the hell out of me here, go back and see her replies to my comments, but I am going to take the higher road here and resist. Even you would be proud of me.

  • katzo7

    See below.

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

    Yeah I think so

  • annamall

    Good deal 4breakout, I have a AMEX! 🙂

  • annamall

    LOL 😉

  • annamall

    LOL don't forget I have special powers 🙂

  • annamall

    I agree with you after we test some lows in the low 800's (then off to 1000)

  • annamall

    I had to post this to make you guys laugh, it's hysterical especially the cat chasing the black bear and with the little tots!

    http://www.youtube.com/watch?v=Wvo-g_JvURI

  • katzo7

    I don't think I have the arc thingy in my program.
    Looks good.

  • katzo7

    Not biting.

  • TomOfTheNorth

    I coulda used more cowbell !

    http://s165.photobucket.com/albums/u56/tuteuk/V

    I got a fever….

  • TomOfTheNorth

    Funny, B-S

  • katzo7

    Anna,
    You have been egging me on all morning, so to punish you, you get another katzo tale. Unfortunately everyone else does too! Did you see my response to Metalman about Hokasai? See, I am actually very cultured. Attended some fine schools, was even invited to lecture at Brown U. but had to leave before I got myself in real big trouble. Mostly all girls school.

    And if you think I am bad/wild, you should meet my cousin, who at a formal party in Boston, how can I put this delicately, assisted a woman with revealing a bit more decolleter than she had attended in public. Of course I was mortified, women to me are to be worshipped. But she took it in stride and we all laughed about it, even now. Fremented stuff had a large role in this.

  • annamall

    I have just been softly teasing you sweetie, not to egg you on ( I know you have a great sense of humor)You make me laugh so often. Did you watch the video below?

  • annamall

    That was Great Tom thanks!

  • katzo7

    Yup, cats!!!!!

  • salvadorveiga

    To the portuguese users in here and to the others as well, but unfortunately probably won't understand most of it…

    Once again really good analysis by the portuguese user at another forum “arnie”:

    http://www.youtube.com/watch?v=w8iAcQGVD7E

  • salvadorveiga
  • katzo7

    Love it, love Chris Walken. Don't get carried away here, not in that way.

  • salvadorveiga

    HP is crap Anna…

    You should go to Toshiba or Deovo laptops. in terms of hardware, statistically they're one of the best…

    The onlyproblem is Windows which is crap so I switched and am running Linux – much more user friendly with some distributions and it doesn't require us to format the hardisk every freaking year – at least I had to… it started to get slow no matter how much cleaning i did…

  • salvadorveiga

    anna check this one:

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

    make sure you put high volume on speakers, it adds the suspense 😀

  • Blind_Squirrel

    Who are u kidding!!!! u can't get enough!!!!

    “But he has his rough side and I can only hope my sensitivity will rub off on him.”

    I think u have that backwards!!! I think there has been a softer more
    sensitive side to Katzo while u have been under my tutelage!!!

  • Blind_Squirrel

    I think we are being played like a Piano!!!!

  • Blind_Squirrel

    I think he was out to the strip club, notice he stopped
    posting right after he said he was listening to music.

    So when Mrs. katzo returns home, he has his blog entries as his alibi!!!

  • Blind_Squirrel

    I'm sweet on all sides!!!!!!!!!!!!!!!

    I'm just trying to reform Katzo from his wayward activities!!!

  • Blind_Squirrel

    Pearls before Swine!!!! Only 3 people liked this?????????????
    Are u all brain dead out there??? Sveinhouts!!!!

    This video, squirrel or no squirrels should be a reminder of how
    we should try to help others.

    I know Katzo and I are getting disgusted at the tepid reception
    to our carefully planned and well researched pieces of humor.

    S&P, I rate this video tied for #1 with “I Puked in My Mouth”
    and rising. Outstanding find. Check out those meerkats.
    this show started as a psychological research project
    into animal behavior as related to human behavior.

  • Autopsias

    Thanks for sharing Salvador, interesting video again!

  • Blind_Squirrel

    Mercury Retrograde!!

    I have heard of tons of people having electronic problems the
    last 2 weeks, me included.

  • Blind_Squirrel

    Good job Katzo!!!

    I'm not biting either!!!

    Anna is trying to get you to relapse, and
    you've come along so far these last few
    weeks since your breakdown!!!

  • annamall

    That was cute Sal thank you! 🙂

  • katzo7

    U got that right. Either she worked for the CIA in her past life OR she is really a guy. Now BS, don't you think we need proof of some sort to diminish this new accusation that I am hearing for many board members? Trust but verify.

  • katzo7

    See above response to BS.

  • Blind_Squirrel

    IMHO, the worst thing that could happen to bears this week is a close below
    866 SPX. If that happens, this rally is nowhere close to over after a trip into
    the low to mid 800's.

    If we can get at least one more week above that, close all watertight
    doors and prepare to dive!!!!!!!!!!!!!!!!

  • katzo7

    I can honestly say I have never been to a strip club in my life. We call them what they are, Gentlemen's Clubs out here.

  • Blind_Squirrel

    Thats always been my motto to all things in life!!!!!!!!!!!

  • Blind_Squirrel

    You're just parsing words Bill Clinton!!!!!

  • katzo7

    Thnx, I know, I know. Even my parole officer is impressed with me now!

  • Blind_Squirrel

    PS I have a voice stress analyzer if
    you'd like verify that claim???????????

  • katzo7

    No, you have to admit, you have been much more sensitive. Look at the above writing about animals. Absolutely not possible before you met me!
    “Acceptable community standards”? I have a picture of you hanging out with a guy in a pimped out 1979 Caddie. yes that can be called a community BUT . . . .WHat more can I say?

    And I have 3 or 4 here that will vouch for me. Or maybe 1 or 2. Anna, help, well, maybe one!

  • katzo7

    Sweet on all sides? What are you a cinnamon bun?

  • annamall

    BS, That's right! I read that this week, and Mercury is the planet that wreaks havoc isn't it?
    I just had to download all this stuff on the old laptop (Sony Vaio) which actually is better than the HP for sure.

    Did you read my reply to you from yesterday?

  • annamall

    LoL Mole knows I am very much a girl (he has full body pics) 😉

  • annamall

    God I love Cinnamon Buns! (with lots of cinnamon!)

  • katzo7

    Trust but verify girl.

  • annamall

    I actually worked for the KGB (like Matta Hari) 🙂

  • annamall

    No he got the pics after the key to the city (he admires my good sense LMBO) 😀

  • Blind_Squirrel

    I have sony Vaio from 2002 that is still running XP.
    I'm major pissed at Sony right now over a 1500 TV that went out after 3
    years and I know
    2 other people that had same model and theirs went out within weeks of mine.

    The web is filled with reports of these models all failing within a six
    month period.

    I have over 75 pieces of Sony electronics and it seems they are outsourcing
    way
    more components than they used to.

    Have u considered a desktop for your main PC. I'm looking for another right
    now,
    HP has sales them every month or so. A desktop will give more power and
    easier to repair ,
    upgrade. I'm looking for another one in the next few weeks. That way u can
    have a nice big monitor for your main screen.

  • katzo7

    Need pics now!
    katzo368@gmail dot you know what

  • Blind_Squirrel
  • Blind_Squirrel

    I think we need 3rd party
    verificaton like the UN weapons
    inspectors.

    Katzo, I nominate u, but of course
    I'm sometimes only 50 miles away.

  • Blind_Squirrel

    I will vouch for Katzo that the
    safety , confidentiallity and integrity will remain intact
    and am confident he will not share them with anyone but me,
    of course just to render my
    professional opinion!!!

  • katzo7

    Mais oui! I am so international!

  • Lordted

    What a beautiful hokusai wave Fujisan.

    Full of fibanacci elequence…. If only the markets were as obliging as art… Nice post

  • Blind_Squirrel

    minutes ago
    I will vouch for Katzo that the
    safety , confidentiallity and integrity will remain intact
    and am confident he will not share them with anyone but me,
    of course just to render my
    professional opinion!!!

  • http://www.pacfreehotwater.com steveo77

    “Off site” ownership of physical gold.
    Does anyone have real experience with any Gold storage compnaies such as “GoldMoney”, or “SafeStore”
    Fees, hidden fees, confidence in the system?

    Thanks

  • innatedc

    Yeah!!! Big Journey fan here…..would love to have a voice like Steve Perry….thanks Anna.

  • innatedc

    I own physical silver with GoldMoney and have had no problems thus far….

  • Keirsten

    Nice to know that Innatedc. I'll have to pick your brain about that in the next little while if it would be okay?

  • jacksoo

    Two words – BUY APPLE

  • annamall

    I have had 2 Sonys and both have lasted a minimum of 4 years with no problems, on the hand HP 2 gone back in both cases less than 1 year 7 day (first one 6 months)
    I can't stand being tied to a desk, I love to be out with my animals and looking out on the preserve with all the flower palm trees, ect.(you know you live in Florida) I like to have my nail file, drink, flat screen and pets close 🙂

    I wish you luck in finding desktop, I am sure next computer will be a MAC.

  • annamall

    Hey Innatedc, I never tire of listening to them, they are right up @ the top of my favs list.

    Nickelback too!

  • KidDisco

    I have GoldMoney and my girlfriend has BullionVault. We haven't had any problems yet.

    The only thing I would say is annoying is that GoldMoney charges you a fee to store… but they make you pay in gold and silver. Ideally, I would unload my dollars on them and they can do whatever they want with it.

    I've been meaning to write them a letter about it.

  • innatedc

    Okay guys heres my first play for this week and I really like this one so pay close attention. Stock is AZO. This puppy was one of the few stocks that was up while the market headed to 666. Since then, it has been consolidating for the last couple months in a range with support at 155. Fundamentally, they should fare quite well with people not buying cars and GM and Chrysler most likely kaput. Their last earnings report proved that. They have earnings on May 27 and my expectation is more continued positive color on this one….Study the chart and read my notes with it….let this one come to you a bit into the grey area. Place a strict stop at 153.50 in case it dovetails for some reason but if it gaps up Monday and takes off, DO NOT CHASE IT. Let me say it again DO NOT CHASE IT.
    The play I like for best Reward/Risk ratio is long a call vertical or sell a bull put spread (5.3R or 4.2R)…a straight call is roughly 3 to 1 but if it goes against you it might hurt a bit (remember strict stop). If you have the capital you could buy the stock for an approx 5.5-6R which is also a great ratio. Hold til close to earnings and if you are feeling like it could run after earnings then move stop up (use 2xATR) and go for it BUT and this is a big BUT… sell into that run and get out the next day or two. Here's the chart…I will repost after Mole makes his Sunday night post in case you miss…

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

  • annamall

    Hey sistah,
    Almost trading hour! LOL here is a picture of my asian bengal (she;s holding a mouse) she fetches them and brings them back to me and drops them in my hand, licks my face like a doggie

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

  • innatedc

    Absolutely Keirsten…anytime

  • katzo7

    OK
    Need ten words more.
    WHY?

  • innatedc

    I like Nickelback as well… I'm close buddies with Ryan Peake's brother (lead guitar) so I can get backstage anytime…. and I use that Journey song often to start my workout…..

  • katzo7

    There is a rumor that you and mole are one in th esame. Need verification pleaz. Need it soon.
    ;<)

  • Keirsten

    OMG- she's too adorable! I can't tell you what my big black beast hauls around like prey as this is a family site. HA!

    Yes- time to get back on the hamster wheel my Evil Sistah. Just scoping out my evil plan for the week ahead. I'm still reeling at myself for not listening to my intuition on Thursday night on ADY. Go look what say.. 10K shares would have done that day on that little sleeper. $%&#@!!! Got Milk? I get those random taps on my shoulder sometimes and need to listen to my gut instincts.

    Will post some pos. trades for the week ahead later on tonight. CYA in a bit. I think we have our work cut out for us. 😉

  • TomOfTheNorth

    hey katzo,

    Yep, I'm a big Walken fan too. Have you seen him in Fatboy Slim's “Weapon of Choice” video? Awesome!

    http://www.youtube.com/watch?v=6hDGAvqwgdk

  • Keirsten

    Thanks buddy- I've poked around on their web site several times but haven't bit the bullet just yet. Still.. I think the time is coming faster than I thought to get in the tuck position on that. I know that Prechter gives them big props.

  • ropey

    Interesting trade, yep AZO is def a freaky stock and had a hell of a run…interesting that you're taking a bullish stance in the face of a market dump over the next week..? 🙂 I'd be more inclined to just wait till they report then piggyback on the move…not quite as exciting or as profitable but much less risk Another one to look at due to the TINY float for the next earning is GMCR (earnings aren't for a while, they just reported a few weeks back ) – that went up 40 odd % when they reported and they have huge deals with MCD/WMT etc..i love high beta plays for earnings and have a funky watchlist that i run through every earnings season.

  • Keirsten

    I like it, but how about ORLY or MRNO if AZO climbs? I'm basing an upside potential S/T target on ORLY of 37.38, and over that hump on to 40.50. Note how they painted the tape on that one right on the dot at support on Friday. On MRNO I'm looking at a pop over 26.98 takes you to 29.33 potenially. It's really an either/or methinks- 1K of AZO is $158K for a profit of possibly 10K, or you could do an investment of $72K on ORLY for a possible $8600. Just thinking out loud.

  • katzo7

    NO, I will look at it now.

  • Keirsten

    Peasant- if you're around- I read your post from yesterday, and as you know… I agree, which why I took out shorts on oil and nat gas. I've been tracking this trade since a week ago Friday. However… caution ahead as always, as there could easily be a bounce or an unpleasant surprise geopolitically, so I always keep a very tight leash on these plays and will cover at the first hint of shennanigans. I'm also tracking TSO for a potential long as it has based well the last 5 sessions off the 20 DMA repeatedly, but I wouldn't plan on getting too chummy with it either, as cyclically it might be hitting its peak.

  • ropey

    Hey Keirsten, how long have you been trading for ? You some sort of ex-wall st person? lol I love some of your picks, you 3 ladies know how to dig through the noise and zero in on some fantastic picks.

  • annamall

    Now who's trying to play me like a piano. 😀
    I will surprise you with one when you least expect it!

  • katzo7

    You know he is a dancer too. He is amazing, he can seem like a looser, a bad
    guy, a good guy, anything he wants to portray.

  • annamall

    Thanks she is the most lovable thing! What does he haul around now I am curious!

    I just sold some /ES for a scalp. My book is rather light right now here is what I have
    BTW I am in the camp that the USD needs to rally for equities to keep their slide. I posted that below. 🙂 great minds you know.

    Short WYNN, JCI, CMG, GS, CME, QQQQ's
    Long WPI, CTIC, FFIV (the longs are mostly as a hedge)

    Let's have a $$$$$$$$$ week.

  • Keirsten

    Over 10 years actively swing trading equities – long while back I traded commodities in the food industry, but my real background was in publishing. Not an ex-WS girl, but I've dated several analysts along the way. Talk about an interesting breed. LOL One of these days I'll sneak my real picture into my avatar for a short time and you can see I'm really just a ditzy blonde. Mole and Katzo can attest to this. 🙂

  • Squidman

    I just have the smallest Imac. TOS is seamless with with Leopard and I believe was really built for the Apple systems. I am sure you will have no problems at all. My problem is that I have been away from tech for so long I just kind of struggle through using my tiny logic brain. There was a time that I was ahead of the pack, but, now I fear I will never catch up. This week I finally cashed out my Scottrade acct because their BS system won't run on Mac at all, so, I am making progress. BalaB just got a new MacBook Pro and he is a Mac guy so he would be the one to mentor you if you switch. I have trouble with some of the stupidest things. Like when I downloaded Jing the icon swooshed up to the upright corner of my screen and kind of disappeared in the margin. I'll be damned if I know what the fuck it is doing up there or how to access it. Some day it will become important enough to me that I will figure it out. For example, I have some adorable pics of my boys I'd love to post if I could only noodle it down. I need to work on my time management skills. Maybe Katzo can help with that. He never seems to sleep. Humans can live much longer without food and water than they can without sleep. I am a little worried about his mental state sometimes.

  • annamall

    OMG that's rocks! Whoa if you ever need a date let me know..:-D

  • annamall

    Touch'e I agree. 🙂

  • Keirsten

    A 3 letter word that starts with a B and ends with an A. LOL Always hauls them out of my laundry basket right in front of company. Lovely kitty.

    I'm also short GS and CME, plus still short ISRG, looking at possibly getting short FSLR this week and possibly STRA- not sure. Also watching WX on a pullback to get long briefly- I need to see what the short interest is on that one, and looking carefully at RHT, but haven't done a full DD on that one yet. JCI has got to be hurting on these dealership closings BTW. 😉

    Here's a link to the Bio Convention this week- might be some good quick trades on that list of presenters:
    http://convention.bio.org/templates/default_pag

  • innatedc

    Ropey…yeah I know I am bearish on just about everything right now but as you said this is a freaky stock…just check what it did when the market tank earlier this year..as for waiting to piggyback….they will bring this up prior to earnings and it is possible that on Monday this could break 155 support…it has tried but noticed the big white candles on the 60min when it did try…hence the 153.50 stop….

  • BigHouse(Aka Mr Vix)

    Seems that this kid is making news across the globe.He won the Eurovision song contest…

    http://www.youtube.com/watch?v=TX0KehErnGE&feat

  • Squidman

    And I am quite positive they still reminisce about you as much as us rats. I will stay closely tuned for this revelopment, same cat time, same cat channel.

  • katzo7

    Anyone have any opinions on when we move from deflation into a period of inflation? What are the early warning signs to be on the lookout for? I am sure one of them is a ris in RMs right?

  • katzo7

    No ditzy blonde here, she is a a cut throat savvy pit trader ropey. LOL Watch out! LOL

    K, you see the microdot image of you on the chart I posted?

  • katzo7

    Reminisce about K? You think any are left alive?
    LOL

  • Keirsten

    There ya go Dr. Squid. That's me, but I'm not leaving it up here for long tonight. I like to stay “anon.” 🙂

  • 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„¸

  • EDC

    katzo,

    there will be false dawns in this process. Remember monetary inflation or markets showing increased risk in sovereign bond rates is not inflation.

    Job creation would be one, the banks nationalized would be another, or we could just muddle like japan which seems to be most probably because they never let the banks fail.

    the debt has to go and be wiped clean.

  • molecool

    I actually have tons of those old tryptics – maybe I'll post a few scans soon.

  • annamall

    You're gorgeous sistah, I hear you. I think “the boyz” need to tone down it a bit. 🙂

  • Keirsten

    And you're being generous sistah.
    But now maybe the boyz will settle down and start trading and keep their eyes on the ball. LOL

  • innatedc

    I like ORLY Keirsten but not MNRO…missed the boat already with MNRO…look at those last two daily candles…I'm gonna analyze ORLY a little closer and see if I can make a play…let me get back to you…

  • innatedc

    Hey as long as you can look good for my Evils Angels poster idea (with fuji and Anna- did you say that post thread yesterday?)….

  • Squidman

    Now that is calling the kettle black. You evil siren.

  • Keirsten

    MRNO could see a three white soldiers play there, but the downside risk it Cramer apparently made mention of both of these last week, so a hit and run would be in order possibly. If trading options- neither one of these would probably give you the juice you so desire though. We'll keep each other posted.. I'm still running my weekend scans over here. Anything nice pops up I'll ping you. 😉

  • Osso

    at the Bear Mkt low….imo

  • Keirsten

    We're just puddy cats Squid. Meow. Claws are retracted. LOL

  • Squidman

    OMG, OMG, you 3 are perfect. Thank you my Angel. I am not worthy…..

  • innatedc

    Yes agree on the possible 3 white soldiers play there and yes the option selection doesn't exactly whet my appetite….running scans here as well and will ping you as well…however I may step out for a couple hours cause I promised I'd take my wife to see Angels and Demons (Count tells me its pretty good)…will be back at the “research desk” later tonite though……chat soon.

  • Keirsten

    Ah, you make me blush & thank you. Hold that thought, I'm going back to the brain freeze kitty picture now.

  • annamall

    Thanks Squiddy!

  • Blind_Squirrel

    Katzo:
    There is a rumor that you and mole are one in the same. Need verification pleaz. Need it soon.

    Katzo could be onto something. He is the
    Geraldo Rivera of the blogs. He called out
    Obama Girl as being a fake, and then she disappeared.

    Anna, Katzo and I have graciously placed
    you in our circle of trust, yet you have not
    reciprocated, we need to confident that
    you are not an imposter just trying to
    extract our vast wealth of knowledge
    by posing as a hot woman!!!

  • jacksoo

    because Microsoft and Intel based solutions are absolutely f***ing useless – is that what you had in mind katzo 😉

  • katzo7

    yeah, thanks.

  • katzo7

    Thnx, I have a friend who is a good chartist. He says we go to 300 SPX. But the timing is everything, he won't tell me that. SO don't trade that number quite yet.

  • katzo7

    Thnx EDC, read above comment from me.

  • rhae

    Part time workers, until they start hiring full time workers back… This economy is the pits.
    How about all those Alt-A & Prime mortgages set for resets, 2013 before all that crap clears.

    Inflation may be further out than many realize…

  • katzo7

    Yeah, I agree Rhae, we have a ways to go.

  • standard_and_poor

    My sympathies BS. I commiserate with your comedic plight. I have it from reliable sources that you and Katzo do in fact painstakingly plan, and plot your comedic excursions days ahead before execution. The
    myth that squirrels like dogs do not sweat is pure hogwash (might as well keep the metaphors in the animal
    kingdom); Katzo has told us about the pitter patter on your  typewriter late into the night .

    I hope this testimony encourages others to place greater value and award more of those
    well deserved points to you and your pet Katzo (or is it the other way around?).

  • Osso

    not expecting Inflation any time soon…rather very late in 2011-12.

  • katzo7

    Yeah, I agree but just wanted to get discussion going on the early warning
    signs. Perhaps employment numbers are key. Thnx.

  • standard_and_poor

    That's my nickname sweetness.

  • standard_and_poor

    Dammit, why didn't I think of that, (short
    answer – “lust”.

  • 1981er

    Awesome cat, Anna. Mine cat has just been missing for almost 2 weeks now and I don't have high hopes. Amazing girl that had a great life and brought many smiles to my face.

  • katzo7

    Damn, missed it. Any chance of a reprieve? You know I can be very persuasive! LOL

  • katzo7

    You got that right Squiddy, a real siren! She has been taunting me all morning (Sun.). Boyz need to tone it down? Petal to the metal baby.

  • katzo7

    See above to Squid.

  • annamall

    1981, I am so sorry to hear that 🙁 that is heartbreaking. I did have one that went missing for 3 months and came back, so take heart and pray. Also continue to ride around calls her as rain has a way of making their smells that they follow wash away. Let me know if she returns! 🙂

  • Lordted

    That would be nice…. Some of the Egyptian forms that ol man Fibonacci tripped over !!

    (my typing is crap – amazing you understood what i was talking about. LOL)

  • standard_and_poor

    WTF Double 0?

  • katzo7

    Just kidding. Sorry S&P, way off base her. Please except my apologies, A joke that went bad.

  • standard_and_poor

    No problem bud, I was also playing around.
     

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  • standard_and_poor

    No problem bud, I was also playing around.
     

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