Zero Indicator
Now Reading
Monster Monday Rub Down
232

Monster Monday Rub Down

by The MoleMay 18, 2009

Boy, my puts really took it up the rectum today – fortunately that evil.rat/ES trade more than made up for it. Disclosure – I actually jumped out 2/3rds up around 901 as I didn’t think further upside was possible. Serves me right – that’s what I get for mocking with the system.

Zero was pointing up all day but I didn’t trust the complete lack of participation. Which turned out to be treaturous – we all expected a turn around every 10 SPX points or so but it just kept on melting higher and higher. I decided to hold my puts into tomorrow but unfortunately believe that higher tape here is a very real possibility. One of the reasons I was also holding was that I got whipsawed out on the 11th only to watch it drop for three days afterward. But I’m not going to be stubborn here – probably have given this more than enough for a B wave.

I’m now upgrading Soylent Green to a 50% probability – sorry bears. We made it all the way to the 61.8% mark and holding puts much further is probably not a good idea. FYI – the closing breadth on the NDX was a whopping 12.5:1 advancing – on the SPX it was 12.4:1 advancing. Doesn’t look so rosy for the bears.


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.
  • katzo7

    Anna, I need you now!

  • lester

    I have been watching AAPL as I have some June Puts. If you draw a line thru the high on May 6 and May 11, we closed right on that line today. So that is either a resistance line that turns AAPL back or I have to sell my Puts if it blasts on up tomorrow.

  • Squidman

    Did you get the link for a used bible for ding dong? Seems we need to encourage some effort. Not getting my hopes up though.

    And where is my god damn recognition for the Keirsten show?

  • springheel_jack

    The immediate bear case looks badly damaged now. We may well make new highs from here in te next few days. The spx daily stochastics are worrying, though the 60 min stochastics suggest down or consolidation in tomorrow from here.
    Unless we see a very convincing down day tomorrow, I'll be abandoning the bear side altogether for the moment to watch for new highs. I dumped three quarters of my shorts in the last few minutes. Ouch.
    Difficult to go long with conviction here though.

  • eunsuh

    yup. I don't think we have seen the high for the year yet…imo.

    http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&

  • annamall

    Katzo, Oh there you are, you disappeared today, but what a crappy day! Jeeezzz. Like keristen said $vominex.

    On top of that I am on a old laptop that is slow as molasses and keeps freezing up. F&**^* Nothing in my life is working right right now.

  • http://www.aggressivelyuninformed.com nepharis

    Didn't trust the PZI on such low participation (d'oh!), but the lack of participation and flat zero lite kept me from going ball-out bear-tastic today. Managed to snag some /NQ points, and going into tomorrow with no positions again. Sad face for no evil /NQ signals today. Oh well…

    Cheers!

  • annamall

    I agree with S_Jack! I see we busted through the 905 (I went long there, licking my wounds! ) I have a crappy old PC that sucks, I had a crappy day in the market, date for tonight is sick (probably swine flu) anything else that can make my day sound better!

  • Autopsias

    Really happy today! Played .rat and resident. and didn't mess about too much with it, as I usually don't, and got the price.

    Zero also helped, like Mole commented I did the same assumption, no participation + down day on Friday = MMs playing the tape higher

    Really good day, thanks Mole! Could only do it with your tools!

  • springheel_jack

    No, I don't think so either. Valuations are looking very high already though. Puts me in mind of the Keynes quote 'The market can stay irrational longer than the investor can stay solvent'.
    Perhaps unwise to try to call the top on this one.

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

    Mole,

    Remember in December we had lack of volume too….This will only make it easier for MMs to push the market higher on time for Month end Window dressing. Good luck with you puts….

  • http://tradingsigns.blogspot.com/ T. Waffle

    I shorted /ES @ 906.50

    I gave my target on ES last week that we will fill the gap. We may go as high as 910-911. Which is very likely in after hours. We should pull back tomorrow.

  • wex

    Ah. The single life. I remember it well.

  • lester

    I am interested in buying a used bible from any of you (name your price). Or I could borrow one and pay shipping to and from whomever.

  • BalaB

    I remember you saying this on Fri. and kept it in the back on my mind.

    Today's candles do look rather tall and at first glance, look like more upside may be in store.

  • Squidman

    Best thing for that is go shopping dear, for that nice new Apple. Be strong and get better Angels! Remember you had an awesome week last.

  • alphahorn

    I think it's worth considering that we just put in wave 2 of 5 of P1, and if so tomorrow begins a monster move down

    Big picture EW count: http://www.screencast.com/users/alphahorn/folde

    Waves 1,2 of 5 count: http://www.screencast.com/users/alphahorn/folde

  • lester

    I sure as fuck hope not …

  • http://www.aggressivelyuninformed.com nepharis

    God, I remember that damn rally all too well. That sucked dongs.

  • http://www.blog.donnaklinenow.com dkpa

    LOL lester

  • Keirsten

    What show? Keirsten is now leaving the building, and she's going to partake of the vine here shortly and trade with a headache and bobble head tomorrow. Actually, I traded like that today, without benefit of the vine, so might as well make it fun tonight! LOL

  • Squidman

    Lester, click on the books top right by Mole's “Sleep Inducers”. It links to places with prices as low as $10. That is where I got mine.

  • lester

    I hope you are laughing with me and not at me …

  • http://www.pacfreehotwater.com steveo77

    http://screencast.com/t/uN4jVqkK

    OK so my neckline didn't work, but the 38.1FIB sure looks like it swatted down the advance, I went short at 907.75

  • Skates

    I just went long FAZ AH, we should see some downside tomorrow before a rip higher happens…

  • yazzer

    but the lack of volume in Dec was due to the Holidays – I saw that too but I don't think it has any parallels to this market…

  • Squidman

    Jeez, all the Angels are down. Don't forget, one water for every vino. And you know darn well what show. In fact, your in my album, hehehe. Thanks again sweets, it's been the silver lining for my day.

  • malusDiaz

    !!!!

    Shezus, i gave you the link to the cheepest copies around!

    http://www.amazon.com/gp/offer-listing/09327504

  • thunda72

    Yup… I did the same too, dumping puts @ the close and switching camps. This had better work, although I've been a pretty spot-on contrary indicator lately!

  • annamall

    Hi TW

    I think when Asia opens up futures will go higher, but I am not holding overnight for sure. You were quiet today sweetie?

  • Squidman

    Nothing but a lower high for a Gann's turn date to about 6/4 low. Katzo's cat told me by telepathy. Time for my beating at the gym to bookend this day!

  • annamall

    K, that made me laugh so hard 😀 me too, I have the bottle open already

  • mrclam

    I'm in mole's camp here, and remember when we headed up only to drop the next three days straight. If we go up again tomorrow, I”ll capitulate and sell out, but I'm still holding onto my puts here.

  • standard_and_poor

    Worth looking at again:
    http://www.screencast.com/t/lvMVxCNk0DF
    In mean time I'll look for some music to calm our save breasts (no katzo, this song
    will not be about you).

  • ropey

    You need to be careful with aapl with the WWDC conference coming up shortly

  • annamall

    I feel bad spending $ today after such a crappy day! Jeez. I am waiting for HP to send me a box, so I can send back the box so they can return the box. 😉

  • Count_de_Monee

    Look on the bright side. You have a legion of adoring male friends here who would fight to the death for a picture of you in a bikini.
    Plus, you're young, good loking, single, smart and you live in sunny Florida.
    Not too shabby, I'd say.

  • katzo7

    You did and I thought you were crazy and it would never get that high TW. Excellent call!

  • katzo7

    Were are all hurting here lester.

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

    IMHO the bulls will continue using the bears, I have my eyes on heavily shorted stocks…

    http://snpmonster.blogspot.com/2009/05/good-lon

  • lester

    thanks, I remember that link from before….

  • springheel_jack

    Today may have been a 90% up day. If so we would usually see 2 to 4 days of reaction down, just as you would normally see the opposite on a 90% down day like last Wednesday. I hope so.
    I'm still holding some of my puts against the expectation that we will see that. I fear we may not though.
    I haven't capitulated and gone long yet, though I can't rule that out tomorrow.

  • katzo7

    Had to work, all indicators are broken!
    Sit with your cat for consolation. She is working!

  • http://www.aggressivelyuninformed.com nepharis

    Sounds about right.. what time does Asia open?

    Was tempted to short at EOD, but was able to restrain myself. I'll take my small profit and run off for the night.

  • Keirsten

    Nah- I think you just gave ME a silver lining. :-*

    Okay- no dehydration- one glass of water to one wine glass of wine. One 2 liter bottle of water for every One bottle of wine…. let's hope I can remember all that in about two hours. I might end up looking like the Vegameatavegamin Lady.

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

  • katzo7

    Martini time

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

    Today was a very simple and profitable trade for anyone monitoring the two fib fans I keep talking about on XLF…

    http://tinyurl.com/qnwy2k

  • ropey
  • katzo7

    And there is some sort of message going on here, some code I am not getting! Are you making mountains out of your mashed potatoes Doc?

  • http://www.aggressivelyuninformed.com nepharis

    Oh, my copy of Way of the Turtle, Fooled by Randomness, and our sacred bible (EWP) should be at home waiting for me. Yay!

  • annamall

    It's a good day for me to be single LOL

  • 1981er

    I also remembered this. Good call TW.. I hope we see some pullback tomorrow. Nibbled at a few HIG puts and FAZ calls at the close. Tight stop.

  • annamall

    1981 did you see my reply to you yesterday about your kitty?

  • annamall

    Hi Neph

    run run run LOL 6pm

  • Blind_Squirrel

    Maybe your date found out you refused to join the
    Katzo-Squirrel circle of trust!!!!!!!!!!!

  • mrclam

    you could always make a trip to coach 😉

  • annamall

    no he found out that I did!~ 😀

  • BalaB

    Nice SSC

  • Blind_Squirrel

    Watch action surrounding India Sensex opening @ 12:30 AM

  • Count_de_Monee

    Yes it is. You didn't read my morning intel report, now did you?

    “-Corporates & insiders sellers of equities. TrimTabs: So far this quarter, the $62.9 billion in new shares companies have sold has been 2.9 times higher than the $21.5 billion in cash takeovers and share repurchases they have announced. Also, insider selling of $3.7 billion has been 9.0 times higher than the $410 million in insider buying. Corporate activity has turned even more bearish recently. So far in May, corporate selling of $40.8 billion has been a whopping 6.5 times higher than the $6.2 billion in corporate buying.”

    I also speculated that this was the final pump before the dump (regarding my AM report that GS was telling clients to buy buy buy). So far it's looking that way. Hopefully the dump will happen soon (no toilet jokes please Katzo 😉

  • annamall

    Hi Count, that's true . I have mucho to be happy about especially you all!
    but I am so independent about achieving and producing everyday.

    It's like that book by Steve Harvey, “Act like a lady, think like a man” Great book BTW.

  • evilspeculatorsucksagain

    hello

  • evilspeculatorsucksagain

    no one who reads this blog makes money following mole's advice

    http://iamned.com/blog/

    I AM THE 3RD WISEST HUMAN IN THE WORLD

    no more financial criss

    no more recession keep buying stocks like GOOG AAPL MA V BIDU EWZFXI

  • evilspeculatorsucksagain

    no one who reads this blog makes money following mole's advice

    http://iamned.com/blog/

    I AM THE 3RD WISEST HUMAN IN THE WORLD

    no more financial criss

    no more recession keep buying stocks like GOOG AAPL MA V BIDU EWZFXI

  • evilspeculatorsucksagain

    no one who reads this blog makes money following mole's advice

    http://iamned.com/blog/

    I AM THE 3RD WISEST HUMAN IN THE WORLD

    no more financial criss

    no more recession keep buying stocks like GOOG AAPL MA V BIDU EWZFXI

  • evilspeculatorsucksagain

    no one who reads this blog makes money following mole's advice

    http://iamned.com/blog/

    I AM THE 3RD WISEST HUMAN IN THE WORLD

    no more financial criss

    no more recession keep buying stocks like GOOG AAPL MA V BIDU EWZFXI

  • evilspeculatorsucksagain

    no one who reads this blog makes money following mole's advice

    http://iamned.com/blog/

    I AM THE 3RD WISEST HUMAN IN THE WORLD

    no more financial criss

    no more recession keep buying stocks like GOOG AAPL MA V BIDU EWZFXI

  • annamall

    Chanel and Louis Vitton now Clam! LOL

  • annamall

    I will be passed out by them (hopefully) :-)

  • evilspeculatorsucksagain

    no one who reads this blog makes money following mole's advice

    http://iamned.com/blog/

    I AM THE 3RD WISEST HUMAN IN THE WORLD

    no more financial criss

    no more recession keep buying stocks like GOOG AAPL MA V BIDU EWZFXI

  • Count_de_Monee

    Is there any way we can trade disqus points for $?
    If this tomfoolery keeps up I'll have more disqus points than equity in my account…

    Perhaps there is a bitter lesson in all this: I should just stick to writing and use the world renowned blindfolded monkey technique of trading.

  • annamall

    thunda did you change your avatar?

  • evilspeculatorsucksagain

    no one who reads this blog makes money following mole's advice

    http://iamned.com/blog/

    I AM THE 3RD WISEST HUMAN IN THE WORLD

    no more financial criss

    no more recession keep buying stocks like GOOG AAPL MA V BIDU EWZFXI

  • annamall

    ditto. I am out of almost all tech for now. long /es short (yes, still GSucks!) Cme (fuck) Cmg (double fuck)

  • annamall

    I will and I have 2 dogs and 12 cats (all rescues btw) they always love me!

  • Count_de_Monee

    Ned, you obviously weren't hugged enough as a child.
    Don't forget to take those meds or we'll have to put you back in the loony bin again.

  • lester

    just remember: Reality is only an illusion that occurs due to a lack of alcohol.

  • annamall

    That was the funniest video (at least one of them) I have ever seen! I still laugh till I cry watching that. +1 for Lucille O'ball a true lady and comedian.

    Now what was that 2 bottles of wine for every 2 ounces of sake.?

  • evilspeculatorsucksagain

    This blog is for noobs who cant make money with stocks. There is no more financial crisis. it has been fixed by printing 2 trillion dollar.s Happy days are here again.

    These charts are useless. Buy all the dips. http://iamned.com/blog/

  • Blind_Squirrel

    I had a reply but Katzo would jump all over it,
    relative to his Geraldo theory!!!!

  • annamall

    Hey guys, should I use my special powers and nuke this guy? give me a vote.

  • Count_de_Monee

    That drive is what makes you a success Anna.
    But you can't win every day, and sometimes losing is good because it keeps us humble and prevents us from making big mistakes due to over confidence.
    Look who's talking right? Great at giving advice, horrible at following my own.

  • mrclam

    please

  • Count_de_Monee

    Please do Anna. I'm pretty sure that he is Ned, the mentally challenged troll who keeps popping up here and on Slope.

    On the bright side, his showing up usually coincides with a top in the market, so he's a contrarian's wet dream (don't even think about going there Katzo)

  • Keirsten

    All I know is, if we follow Dr. Squid's protocol we're going to be peeing a lot. LOL

  • Keirsten

    I dunno, but I think the third wisest human in the world could probably spell crisis correctly.

  • annamall

    Done all the way down, any moron who repeats himself 4 times in 5 minutes is retarded!

  • annamall

    He's gone, what a retard.

  • 1981er

    I did, and thank you for the kind words! She's about 14 yrs old and done this twice before, so I still have some hope… We shall see.

  • Royal With Cheese

    It's Vuitton darling … 😉

  • mrclam

    i closed out my apple shorts today. still short ibm(ouch), gs(ouch), spy, qqqq and rimm

  • katzo7

    What an ugly, ugly chart S&P but that is reality. I keep on looking at it and saying head fake but that is the biggest head fake I have ever seen! That together with what I saw on the 60 min. and posted earlier, the crossing of MACD zero line and the two crossing MAs, turns a good fantasy (sorry Keirsten, Fujisan, and Anna) into a bad reality. Also, I am really mad at my cat who Squiddy so poignantly brought up that my cat said it would go down after an initial rally until 1 to 2 PM today based on her viewing of the charts. Time for my meds. Cat gets a bath! LOL

    But to the point. One thing I have observed in this market is that there are no reversal days, when it starts one way, it mostly continues that way, both up and down (bookends). All indicators are broken IMO at this point as I told lester. What should have happened today didn't, and what happened after 1 PM when I saw the MACD zero being crossed after being away all morning (did you miss me? it really didn't f**king matter. LOL), became a death march (want to add Youtube of Bridge over the River Kwai here) for the shorts.

    Where do we go from here? That f**king 1000 is still out there, perhaps like a magnet for the dumb. But where does that place us? Don't think you can play this on the long side, or the short side, or even day trade it! All of this will change, it always does!
    Enjoy Ryan Adams Everyone Knows (evrything changes) http://www.youtube.com/watch?v=iVVB2Xq65xQ

  • annamall

    What a joke that idiot is! He definitely needs to sling his trash elsewhere. Can you say blocked!

  • Osso

    could even top tomorrow…..wave2……and start next a Monster wave 3 down….Yes…BUT ONLY if 915 is the max up move.

  • mrclam

    maybe shes not buying the extra 'u' after a bad day today, haha.

  • annamall

    He definitely is in desperate need of attention. Go troll somewhere else!

  • innatedc

    Well we all took it on the chin today…lets group hug and get at em tommorrow…I had to step away at 3:01 (central) and get away from the screen…got some cleaning done and cleared my head. On the bright side the AZO call is working out so far….tightened stop to 154….but like Mole puts and bear call spreads took it up the rectum. Got out of my RTH but with less profit than I wanted. Alpha bro you are my rock right now….Katzo, you are smart money in a dumb world so don't knock yourself and to the angels, hug from me…..be back later.

  • annamall

    thanks Count, I do have drive that's for sure :-)
    and you do sometimes have to humble yourself and admit your mistakes.

  • annamall

    ahhh thank you darlin! I just buy don't read the labels much LOL

  • annamall

    Still not back huh? I will say a kitty prayer for her. I know how bad that feels, when she does come home and I feel she will, you will be estatic!

  • annamall

    Lester you missed your calling, you should have be a comic! :-)

  • standard_and_poor

    You will sweet lady (achieve, produce every day).

  • annamall

    that was funny BTW, heh heh

  • ropey

    Hmmmm interesting, the /DX is looking decidedly bearish, in hindsight, i may exit my puts on any quick pullbacks here and go long….even with all the cool info the last few days. Just look at the correlation the last months and where it is….anyone else thinking the same?

    930 seems like a very likely possibility soon at this rate …they are rippin the dollar to bits = up stock market..

  • annamall

    Glad to hear that Inna On AZO, (I hate that stock) and I agree that we are a great group, and we have each other. You were smart to step away.

  • ropey

    Read my comments on the /DX…i'm hoping we get a pop in that which will cause some dumping but over the slightly longer term they are setting it up to get hammered which will force the market up regardless.

  • katzo7

    We are all the best!

  • mrclam

    BTW, good call by MLMT yesterday who said we'd likely gap up and stay up the whole day.

  • katzo7

    Yes, easliy done Count. Jut send me a check for $119 made out to me to cover shipping and handling and I will take care of the rest.

  • lilme

    This weekend, I tried to sort myself out and found this lead editorial in the FT:

    “Uncertainty is the only certain thing.”

    http://www.ft.com/cms/s/0/b31b6834-4178-11de-bd

    We are not alone.

  • annamall

    I love the videos you pick out and your charts are always good! thanks Sweetie.

  • Royal With Cheese

    I live in Paris .. that's why I got that one right !! 😉

  • katzo7

    Where are they Borat, ahhh, I mean ropey?

  • annamall

    Good post Katzo. Can you say soylent green?

  • katzo7

    MORALS VIO Count. Just send a check to . . . .

  • 1981er

    Nope, not back. She's a wild cat so the bad part is not knowing what actually happened. Hoping for the best though.

  • ropey

    Only a tiny thing at the top :) Just pull up the /DX and look at it on any time frame from last 6 months to even the last week or so…look at the pattern and tel me it is not bearish :) When it does goes down, the market goes up, simple as that. I think the /DX may get a pop over the next few days if you look at the MACD, trendline support etc but over the longer term they are setting it up for getting nailed..

  • lester

    You must have missed my material posted on the previous blog (Here We Are..).

    Just a sample:
    Don't sweat the petty things. and don't pet the sweaty things

    Sometimes too much to drink isn't enough.

  • annamall

    Nice. what area?

  • katzo7

    Hey, in the vid she doesn't move? in my vids, the girls move. LOL
    Point down (unless the vid is broken). LOL

  • standard_and_poor

    Great pick!

  • annamall

    I feel your pain. (and it sucks) Hang in there, you have people saying kitty prayers for her. :-)

  • Royal With Cheese

    16 th District.. Near the Eiffel Tour !

  • ropey

    RIMM – just a headsup – they report June 18th – 1 day before OPEX :)…should be fun

  • katzo7

    Hey rats, I hate to say this but you are all much funnier when the market goes opposite how most of you are positioned. In reading the comments, one after the other, I am cracking up!
    NOW!
    There is only room for one comedian around here, other than mole of course. GET LOST!
    The f**king market better go down or I am out of a job! ROTFLMAO

    And BS, don't even go there!

  • Blind_Squirrel

    Looks like u have a new supervisor in your position
    as morals police!!!!!!!

  • katzo7

    Thnx. Did I ever tell you the band I managed opened for Janis Joplin?

  • katzo7

    Thnx sweetie.

  • thunda72

    I did… I've been fighting the tape so much the teacher put me in the corner. Sorry, but I have to complete my assignment:

    I will not trade during OPEX week
    I will not trade during OPEX week
    I will not trade during OPEX week
    I will not trade during….

  • annamall

    LOL :-)

  • Blind_Squirrel

    HUH???

    The Smother Brother?

    Rowan & no one?

    Cheech & no one?

    Besides as I said below, you have a new boss!!!!!!!!!!

    Penn & no one?

  • annamall

    wow very nice, would love to see Paris and Italy (see where my family lived) They are from Bari.

  • annamall

    funny!

  • Royal With Cheese

    If you pass by “Bari” .. please pass by “Paris” !! 😉

  • annamall

    Katzo, do you know what time our time Asia starts trading or anyone else. I don't think it's 6pm?

  • jacksoo

    Hey Katzo – I think AMEX are illustrating just how strong the economy is.

  • mrclam

    should open 8pm est i think.

  • annamall

    thanks will do! I will post when I do go. I would absolutely love to know someone who knows their way around. You must speak french?

  • Blind_Squirrel

    Aus 7:00 ET

    Japan 8:00 – 10:00 12:00 – 2:00 ET

    India 12:30 ET

  • annamall

    I think you're right Clamman! thank you! and btw yes, I couldn't afford to buy the whole Vuitton today. :-)

  • annamall

    Thanks BS.

  • annamall

    ooh i will do a BF or BWB on that one. That's a juicy one to do.

  • Royal With Cheese

    Bien sur !! 😉

  • katzo7

    Who?

  • annamall

    I will not make India. I will definitely be in sleepy land by then with a vino soaked brain. I wonder how that one will do since it was up @ one point 22% before they halted trading. Are you long/short (in between)?

  • annamall

    :-) como talle vous?

  • salvadorveiga

    Good night everyone

    you better make use of the profits you made and give me a present since it's my B-Day today(tomorrow) well it's past midnight here in Portugal eheheh

    May 19th rocks 😉

  • katzo7

    Happy B day handsome!

  • Royal With Cheese

    Très bien merci ! Vous êtes ravissante dans vôtre avatar !! 😉

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

    Here is a comprehensive, updated look at the key support/resistance levels I've been talking about for the past few weeks on $SPX, $COMPQ, $TRAN, QQQQ and XLF. As of now the bulls control them all. Perhaps I am overly paranoid, but that paranoia has served me well in recent weeks. The good news from a risk perspective is that we're still close to all the lines — so if there's going to be a reversal, we should know pretty quickly.

    http://tinyurl.com/qu5oor

    As always, I share these charts with no one besides my fellow rats at Evil Speculator — so if you find them useful, don't forget to throw me a piece of cheese (at the link above, not on Disqus, heh hehehe hehhehee).

  • http://tradingsigns.blogspot.com/ T. Waffle

    Rule number one “Never say never” 😉

    Don't marry yourself to the Bear side be on the right side.

    Cheers!!!!

  • molecool

    Really good to see more trolls showing up again – which usually precedes a long drop.

    Also funny how people come here and criticize after I strongly suggested that we'd push up in my Sunday forecast. Whatever – idiots galore…

  • http://www.aggressivelyuninformed.com nepharis

    An observation:

    Since the high of the /NQ on 5/6, on each day, the hourly candles for 9am and 10am have been in the same direction, and with the exception of OPEX, have either set the trend for the whole day, or solely *been* the trend for the whole day.

  • Count_de_Monee

    it's in the mail

    another classic “of course I'll still respect you in the morning…”

  • standard_and_poor

    No, so tell me.

    ________________________________

  • Blind_Squirrel

    Read the blog a little closer, u have been enslaved.

  • Blind_Squirrel

    Still max long ES NQ, snorkel no longer needed at least for the
    moment.

  • stealthadvisor

    Cool, I like the troll comment….interesting…

  • LostIllini

    where is a good site to get futures quotes, cnbc blows but on the plus side I know what the local Wal Mart has on sale.

  • mrclam

    finviz.com is what i use when i want a glance at what's happening, bottom left corner.

  • molecool

    16th arrondisement? You must be banking coin, mate…

  • BalaB

    Happy B-Day Sal

  • molecool

    Jeezz – what trading app do you have to suffer from? Sign up with TOS and it's free.

  • Count_de_Monee

    Et vous, mon ami, vous êtes un charmeur.

    Madame est déjà trés bien accompagnée ici chez Mole. Nous n'avons pas besoin de competition d'un régulier du Slope 😉

  • annamall

    Tres Bien!

  • BalaB

    Did I miss something? I went to the gym to pump 'my luscious guns' and I come back to atleast 20 disqus messages from some dude telling me I suck and so does Evilspeculator.

    Cool!

  • LostIllini

    Do they put the local Wal Mart sales on TOS?

  • annamall

    Happy Birthday Sal!

  • annamall

    I nuked his stupid ass. What a moron! He couldn't even spell crisis and jeez he was suppose to be a genius???? LOL

  • BovineStew

    Has anyone seen the sloper girls here? They apparently disappeared while I was away for the weekend.

  • Count_de_Monee

    Good tunes brother. Helps to soothe the beast.

  • mrclam

    who are the sloper girls?

  • Blind_Squirrel

    Anna, you should be a little nicer to Katzo!!!!!

    He just wants to be loved!!!

    LMAO

  • katzo7

    You have used that one too? Hope Anna doesn't see this!

  • katzo7

    If you only knew. If you only knew. LMAOAROTFL

  • BovineStew

    sloper girls are the ones on the slope of hope. I like to play with them – and Keirsten as well – she makes me happy. Any more questions?

  • katzo7

    He is lying, he is from Jersey, Newark I think.
    Sorry Royal.

  • BovineStew

    thank you.

  • katzo7

    I am not married to the bear or bull side. I am married to what my charts tell me. And they are screwy now, you have to admit that.

  • BovineStew

    Ok ladies, I have confirmation from Rosabarba that he would vacuum and do the dishes if you come back to the slope and talk to us about your feelings.

  • katzo7

    Remember, many said that the big down day was Monday after OPEX. This is what the f**ker is doing to us. Working us.

  • Peasant

    I feel like a dog who has been chasing its tail for 3 weeks now. I thought a reversal in the U.S. Dollar would have already happened by now. I still maintain that the USD has to reverse before any meaningful selloff. If I'm wrong, please let me know. I still think it's way too soon for inflation or hyperinflation but maybe I'm wrong there too.

    If someone has a better idea of where the dollar is headed, please share:
    http://tinyurl.com/p98dxh and http://tinyurl.com/opvdud

    It looks like the $USD finished up wave 4 of C and is now in minute wave 1 of minor wave 5 of Intermediate C. We could also still be in wave 4 of C. It took 5 tries before the dollar could break resistance of 82.87 and it promptly gave it up a few trading hours later. As soon as I saw that, I closed my short oil position and jumped into a handful of commodity-based equities plus IYR. I'm holding onto SPY puts as a hedge.

    If you check out the chart on copper futures, they look like they just completed an ABC correction. Might consider FCX or PCU or XME.

    Downside target for $USD:
    wave a high = 89.62; wave a low = 82.63; difference of 6.99

    wave c high = 86.87

    .786 * 6.99 = 5.49 = 81.38; 1 = 6.99= 79.88; 1.236 = 8.64= 78.23; 1.382 = 9.66 = 77.21
    1.5 = 10.48 = 76.39; 1.618 = 11.31 = 75.56

  • http://tradingsigns.blogspot.com/ T. Waffle

    Anyone here is master of web designing or html? I am having a lot of issues with my blog and I need help fixing it. The disqus is not working and no one is able to post comment on my blog.

    Anyone here can hook the brother up with some help?

  • Count_de_Monee

    We knew you were coming Stew so we hid the females in the barn.

  • molecool

    It's like a regular Kindergarten here. As I said – trolls showing up is usually a good sign.

  • ropey

    Sounds groovy, lemme know when you place it i want to get of these suckers right. You know it's awfully tempting to think…and i guess perfectly feasible and they could fill that huge gap to 97 from here 75. Is there anythin on the charts that shows Qs going to say 40 ? All of fujisans stuff is great but today could be one of those pivotal days if they follow it through. Pulling up the weekly on the Qs, we're right below the 50 period 34.88 or so and then its a race straight to the 200ma at 40..i keep thinkin no way but then look at the damn rally from 666 lol that was a no way……however if we're talkin June opex then the run to 200ma is not feasible at all unless aapl suddenly quadruples its profits and microsoft starts making decent operating systems again lol..

  • Count_de_Monee

    LOL

  • Count_de_Monee

    Parabens Salvador!

  • http://tradingsigns.blogspot.com/ T. Waffle

    New post.

    http://tradingsigns.blogspot.com/2009/05/line-o

    Comment and critics are welcome. Let me know if you are able to post comment or not.

  • katzo7

    Peasant said “I feel like a dog who has been chasing its tail for 3 weeks now”
    Count said “get me my slippers”
    Lester said “how do you get the sticker glue off a bumper”?
    I said “where's Waldo”?
    Especially when I look at this f**king chart. Blind Squirrel, you should be ok as you are sightless, but everyone else block your eyes (for those who are Amish, no porn here, honest). Can you honestly tell me that anyone can predict this shit and is making money? Except for TWaffle, he is so lucky he found 10 gold coins in a used sofa he bought today!
    http://www.screencast.com/users/katzo7/folders/
    There are 13 places where the indicators fired off in less than a month that I can find after 1 martinini. One every other day in roughly 26 days. As my mother said when my first g.f. broke up with sensitive me, don't worry dear, they are like buses (sorry if this offends anyone, take it up with mom). There will be another one coming along at any moment. Just love public transportation!

  • standard_and_poor

    Thanks Count.

    ________________________________

  • Squidman

    You know what Rocky gets for his birthday. Enjoy big boy!

  • Count_de_Monee

    Thanks Katzo, my last laugh of the night before I head off to bed.
    That chart made me dizzy. Maybe, just maybe, TA (or some forms of it) has become useless in this market.
    Sacrilege? Perhaps, but I think anyone that has been navigating this market on charts alone has probably got their a$$ handed to them like everyone else.

  • ropey

    Another 4k jobs axed at AMEX
    http://online.wsj.com/article/SB124268455699832

  • Squidman

    Janis Joplin was a very sweet soul and a beautiful person.

  • katzo7

    You got that right Count. That was my point.

  • Keirsten

    Grattis på födelsedagen Sal! 😀

  • Keirsten

    {{{Bovine!}}} You hunka hunka burning prime rib. I think the better question is.. where have you been hiding?

  • Squidman

    You're late, the new one is I will not trade Monday after OPEX week…….

  • Blind_Squirrel

    This chart pattern was obvious to me in 5 seconds…

    It's called a Bi-directional Cashorectomy Formation!!!

  • salvadorveiga

    Justgot home after some drinks with friends (classes tomorrow… bah)

    anyways thanks everyone :)

    Anyways here's something interesting of reading for the conspiracy believers… i'm notmuch of a conspiracy guy, but this totally fits in our EWT scenario…

    And second, I know some people from Masonry orders so, if masonry works at a lower degree to me it doesn't take much to believe in a ultimate degree group…

    http://www.prisonplanet.com/leaked-agenda-bilde

    AND

    http://www.prisonplanet.com/bilderberg-fears-lo

    ENJOY…

    once again thanks 😉

  • http://www.bostonwealth.net bostonwealth

    As I try to improve the site, please advise what other market indicators or market sentiment indicators you would like to see that you have found has helped with investing/trading.

    http://tinyurl.com/qxdwyw

  • Macrawn

    Alright I've had it. What in the @#$%# does soilent mean?

    Did a search in online in dictionaries and other sources and all I can come up with is a German punk band named Soilent Grun and an apparently very bad movie called Soylent Green in which the overpopulated earth pillaged of all resources now survives on a manufactured food called soylent green, a combo of soybeans and lentils.

  • Count_de_Monee

    I know. I agree with you and am curious what others think. Is TA really useless like many investors seem to believe?
    I mean, sure it may work in a “normal” market, but when you have this drain of liquidity and overt government intervention? I thought of an analogy for the more tech oriented rats. Imagine the market is like one big network of computers, and GS and a few others have administrator accounts while we retail only have guest privileges. To top it all off, the government controls the kernel (kind of like the brain of the operating system) so it pretty much can have the network do whatever it wants, regardless of us little nodes. So TA kind of becomes useless in this analogy as the hubs control the network and they're fully backed by the operating system. In this scenario, the charts will paint whatever they decide, thus rendering them obsolete.

  • wex

    My Dad said “There's a lot of fish in the sea” Never helped.

  • BalaB

    “Today is one of the few times in 10 years that we've seen a huge positive TICK reading and not any big negative ones.”

    http://sentimentrader.blogspot.com/2009/05/abou

  • v8muscle

    anddddd 1k here we come. 950 should be a good spot to take profits

  • Squidman

    If you're peein your still alive! That is until the last pee in the pants/Depends/dress. The Final Fibonacci, so to speak.

  • Squidman

    Hasn't school started again yet?

  • katzo7

    You got it so quickly? OK, answer me this one! If a train leaves NY at 25 mph and another train leaves S.F. at 30 mph, when . . . . .

  • http://sarcasmblog.net Thyme

    We touched to the tick the 61.8 percent fib retracement between the recent high (ES) of 929.50 and the low last night of 875.25. Maybe it will be a short-term high.

  • Keirsten

    (was thinking the same thing actually. The little hotel I stay in is in that area, the lucky duck.)

  • http://sarcasmblog.net Thyme

    SOYLENT GREEN IS PEOPLE!!!! Yes, its from the movie.

  • ropey

    Michigan Station at 3:25pm

    Did i get it right? What do i win?!??

  • Blind_Squirrel

    Kansas City??

  • ropey
  • KidDisco

    Effective cost cutting.

    Big time rally tomorrow in financials.

  • katzo7

    MORALS VIO Keirsten.

  • 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„¸

  • Osso

    Earnings releases:(some)
    May 19……HD, HPQ,ISRG,PRGN
    May 20……DE,TGT,ANN
    may 21……ADSK,LDK,SOL,STP

  • ropey

    Ever lose the feelings in your fingers when trading?
    http://www.youtube.com/watch?v=XruhYQW6unA&feat

  • ropey

    You'll get more upside in the market tomorrow if the dollar futures drop below 82.68 but right now they've bounced off it and slightly above the trendline which is why the futes are slightly red. i think there will be a selloff at the open then after that, it's anybodys guess, they could take the gap out today if the eco reports arent good or just swing it around go for the 930 at some point this week…

  • v8muscle

    lmao you want me to leave and take my bullishness with me eh? hahahaha

  • Lori

    parabems para vc, nesta data, querido…muitos felicidades, muitos anos de vida! bj.

  • Lori

    Actually, Anna, I think you'll go a lot further thinking like a woman (seems you already are). 😉

  • Lori

    Katzo, you keep me laughing even (especially?) on a day like today. That plus good trades and good taste in movies (love N x NW)…what's not to love.

  • Blind_Squirrel

    Perfect analogy!!

  • katzo7

    Thnx, for me loosing my money is funny. I used to get depressed but meds
    took care of that. LOL
    No, actually not on meds and only have one drink a day, contrary to what I
    portray on this blog. Diff between fiction and truth!

    I love this group and want us all to do well. But the real test is how we
    treat each other we we don't do well, with respect.

  • katzo7

    You win the ability to change your avatar into something cool. How about a man being chased by a plane? Oh, sorry that is mine.
    LOL
    Just kidding here ropey.

  • ropey

    GS weekly fib 50% retracement is 150 – i am going to short GS there not before, been burned a wee few too many times lol. This coincides with some nice GAP fills on the SPY at 92.40-92.50 or so and so on..

    Still more room to go up then it's shorting season..

  • Macrawn

    Ah that's how they achieved population control lol.

  • Macrawn

    Ah that's how they achieved population control lol.