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OPX Surprise!!
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OPX Surprise!!

by The MoleJune 19, 2009

9:45am EDT: After all that whipsaw yesterday now we get this huge head fake:

Here are some possible upside targets for today and Monday. As I said – before this thing turns we might have to sit through some pain – and our friendly market makers were happy to deliver :-)

Your friendly market maker at work.

Your friendly market maker at work.

I might actually load up on more puts here once I see this roll over.

10:13am EDT: WOW – we just sliced through the ES VWAP at 920 as if it was butter.

10:44am EDT: For you channel surfers:

Question here is: was this a throw over head fake or are we back inside the channel for the remainder of the day? I don’t see bears take advantage of the rip, so chances are we’ll have to sit through more pain today and maybe even Monday.

10:52am EDT: Okay, some technical masturbation:

Assuming a = 100%
c = 138.2% at 928
c = 150% at 930
c = 165% at 932 (would be flat?)

Just FYI – if we push beyond 165% I’d get a bit nervous.

11:05am EDT: Offtopic – This is why the plundering of the public purse continues in bright daylight:

Teheran

Teheran

NYC

As the old saying goes – every country gets the government it deserves 😉

11:39am EDT: Great treat on trading psychology courtesy of Bill Cara:

While most of us are frustrated about the lethargy, narrow price ranges, and aimless meandering of the stock market over the past 6 weeks, this is no time to abandon discipline, swinging for the fences, trying “to make something happen.” A few small losses are easy to recover from once the market reveals its true intentions, profits accruing quickly once the impulse wave begins.

Taking large losses are incredibly difficult to recover from, psychologically and monetarily. Emotional capital lost saps a trader of energy, affecting decision making ability, losing confidence to pull the trigger, resulting in bad execution, or passing on the next big winning trade.

Trading is difficult because you often are your worst enemy, the most glaring character flaws continually coming back to bite you in the butt. Being able to objectively identify your personal shortcomings, though, is the first step to financial freedom.

To know thyself is to be free.


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.
  • GDII

    xlf very weak compare to spx. morning gap filled
    faz? i told myself not to touch it anymore, but …

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

    bot msft jul26p, bidu sep250p

  • alphahorn

    it's just doing what we originally expected, topping around 928ish, the target of the broken wedge and about a 50% retracement. should see a typical throw-over and plummet

  • standard_and_poor

    Flat +15pts
    will start to scale into shorts soon

  • Kirklandguy

    Repost: Potential pin stocks to look at (no positions right now, may not have a chance to post much today): GOOG RIMM FSLR MA CME BIDU ISRG V POT MON AAPL GS

  • annamall

    Good call!

  • salvadorveiga

    it looks we're currently painting a 4th wave on the mini waves… perhaps one ore high…

    I'll enter once I see one more high

  • standard_and_poor

    926.12 short

  • standard_and_poor

    will add to shorts on strength

  • amgrant

    Am I the only one creeped out by Freddy?? I hate clowns too.

  • annamall

    that is one ugly MM! (good one mole-ster)

    Adding more Dec SPY puts

  • alphahorn

    that's what i see too

  • molecool

    Just bought more Julys and Decembers.

  • MaxPainMan

    lottery plays for today:
    GOOG $410 puts (max pain target = $400)
    CME $320 puts (max pain target = $310)

  • annamall

    Great minds! 😀

  • kinihepu

    I'm fully loaded up with QQQQ puts. Let the carnage begin!!!

  • cuvo

    shorter than a tick

  • http://investorshub.advfn.com/boards/board.aspx?board_id=12013 UPB

    I like those. CME has been holding in a fairly narrow range but seems to be losing strength. I think $290-$280 isnt out of the question come July expiration.

    Also some good earnings plays for next week. PALM, MON, BBBY

  • rhae

    SPX ” Are We There Yet? ” really to early to say.
    925.14 is a much stronger line than 930.14
    SPX 15m http://screencast.com/t/gcORmRexx

  • alphahorn
  • thelefteyeguy

    cut through that like butter…;)

  • standard_and_poor

    looking good, adding more shorts on gap fill pop

  • rhae

    your chart suggests we are not there yet… unless it runs out of gas… and I am betting on it grabbed a little ERY early today..

    but as usual… the only thing I know for sure, Is that I really don't know for sure….

  • GDII

    gold seems broken to me

  • thelefteyeguy

    this looks like the final small wave 😀

  • standard_and_poor

    now we are truly the fraternal order of rats.

  • thelefteyeguy

    60min looks like it setting up for a huge drop…

  • BigHouse(Aka Mr Vix)

    I dont see RIMM getting to 77 today :(

  • Autopsias

    You've been watching too much Boston Legal I guess! :)

  • pricey

    He could use a dentist

  • standard_and_poor

    adding xlf puts here

  • anthem

    Wow, thats a big drop. I doubt GOOG makes it there. I've ridden GOOG down from 440ish, and would love to see it go to 400 but seriously doubt it makes it there today. I think it has a chance to go to 410 but my guess is it sits between 410 and 420. . .

    It'll take a massive /NQ drop for GOOG to be pushed that far. I don't see that in the cards

  • annamall

    Will pin @ 75 BH

  • thelefteyeguy

    MLMT posted this earlier…your concern might be valid

    http://www.mylifemytrade.com/2009/06/must-read-

  • standard_and_poor

    amen brother

  • molecool

    But it's so shiny and malleable!

  • standard_and_poor

    added more xlf puts here

  • BigHouse(Aka Mr Vix)

    Yea i bought more RIMM at 75 i will try and sell at 75.30…Seems to be snaking around now..

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

    This feels fishy….

  • thelefteyeguy

    if MLMT is right…there should be another “pop” at noon …but not sure if we will hit another high….i think we will head slowly down in the afternoon.

    Monday should be a gap down.

    …may Iran's Supreme leader gets trigger happy…hope it doesnt happen

  • http://www.mylifemytrade.com MyLifeMyTrade

    SKF Jun ATM Call is 60 cents.. Chances are that expires worthless… IMO

  • http://www.mylifemytrade.com MyLifeMyTrade

    You be careful… there is a good chance they might tank RIMM on Monday after pinning it to 75 today

  • ropey

    hmm GOOG not playing ball yet, seems to like ~415-416 alot….maybe they'll pin in the middle of 410-420…

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

    we might close above 9.88 today – will open spy puts if so

  • standard_and_poor

    Ok now we should all be short on this move, think this one is for real.

  • http://www.mylifemytrade.com MyLifeMyTrade

    Fucking GLD puts… GLD is unchanged.. the f**king puts are down 10% from yesterday..

  • Count_de_Monee

    Good morning everyone (as I'm having dinner in the hotel lobby lol),

    Just closed my ES short I opened pre-market. I wanted to let it ride but I'm about to get on a plane soon and will be flying until market closes, and profits are profits. Plus it's OPEX and we all know what that means.
    I'm thinking of leaving open a limit order to short if we hit 930 SPX and hop on the plane, although that could be risky as I have no way of controlling that position short of busting into the cockpit and have the pilot radio the tower for info on the markets (I wonder if that's every happened on a commercial airliner).
    Anyway, what's everyone's general resistance level for today on the SPX that you would have to go mad short if it got hit? Anyone believe we close last friday's gap today around 943ish?

  • standard_and_poor

    Tastes like chicken.

  • amgrant

    lol

  • annamall

    I said 410 Ropey. we shall see :-)

  • standard_and_poor

    Ther's a time to putz around and there's a time to short, this is shorting time.

  • ropey

    Hope so anna :)

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

    HEY!
    here is a great read for YOU

    http://trading-to-win.com/Hobbes.aspx

  • annamall

    Good call have a safe flight home Count!

  • annamall

    What do you have on? as far as Google LOL

  • GDII

    now instead of usdjpy, i am watching eurjpy as a leading indicator.
    i think it is forming a rising wedge on 30 min. i'm expecting a big drop

  • C.C. Rider

    I think the action may be over for the day. It looks like 925 SPX and 8600 Dow. I'm not watching this. Shorts may want to consider the $USD here around 80. A breach of 79.70 could cause a melt up. Full disclosure long oil here. It topped last year going into the July 4th holiday. Two weeks out from that and that's where I plan to go short probably after next OPEX into 2nd qtr earnings and 3rd qtr guidance. BTW, VIX is about to fill the gap at 28 I mentioned the other day. GL!

    http://content.screencast.com/users/texana44/fo

  • ropey

    Just a few ITM 420 puts but they're startin to get hit now as GOOG is climbing more than i want…

  • Count_de_Monee

    Thanks Anna,
    I'm about to go to the airport so I just left an open order at SPX 935. Maybe when I land I'll have a nice surprise waiting for me.
    That's it for me today. Have a good one rats.

  • pricey

    So far, just loco-motion!

  • BigHouse(Aka Mr Vix)

    Boy this RIMM loves the 75 price lol

  • anthem

    Yes very ugly the last 10 minutes. .. I'm hoping they move to 410 as well. It'll probably be just my luck for it to pin at 420 though. . . .

  • MaxPainMan

    VIX is down

  • pricey
  • FlamingFerrari

    I got the feelin' everyone is heavily long here..mind games with the MMs :-)

  • springheel_jack

    Likewise. Mole, why did you buy SPY 69 as well as SPY 72 for December? I bought both but I just wondered.

  • standard_and_poor

    leaving plenty of ammo to add shorts on any strength at or above 931

  • springheel_jack

    You think we might close 60 points up from here today?

  • http://www.mylifemytrade.com MyLifeMyTrade

    RIMM is one of the 15 stocks that is most highly probable to get pinned to a strike: http://www.mylifemytrade.com/2009/06/must-read-

    I think as we approach 4pm, these strike prices act like black holes… I will not bet too big on RIMM moving away too much from $75

  • amgrant

    Am I the only soul here is who long??

  • Keirsten

    No, I'm scalping long- that inverted H&S on the Qs worked out well for me this morning so far.

  • Callie

    Nice chart. I mentioned DXY earlier today also and having reservations about The Big Drop coming. EURUSD looks quite bullish to me mediumterm. And AUDUSD is now in wave D of a wave 4 triangle, E down to follow and then I expect it to resume the uptrend in a final wave 5. Also in the bigger picture with currencies Primary B waves tend to retrace 61.8%, which it hasn't yet.

  • amgrant

    We aren't growing bull horns are we? lol

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

    anyone else sees FAZ C&H on hourly? right about at buy point now?

  • Keirsten

    Nevah! Just stashing the cash for the tankage ahead. Doesn't matter to me which way I get it. LOL Too much opportunity for headfakes on a day like this- so I have to see the clean reverse on a 60 min chart or no go. This could be a long day- probably a good one to scope out new victims?

  • Keirsten

    Yep- good catch!

  • FlamingFerrari

    I got “pistol whipped” for a bad joke..My bad!

  • Keirsten

    Also- gap fill for the Qs at 36.46

  • amgrant

    I'm long from 918.5 w/ stop at 919.5 and sitting on it. I think we bust to new intraday highs, but we'll see. I'm ok ending flat on a day like today.

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

    thou I would not probably touch it till noon

  • standard_and_poor

    Alright it's ladies night.
    We're going to Iceland for this one. Be open minded on this one, a bit avant garde
    for it's time but one of me bloody fave's.

    “Possibly Maybe”
    http://www.youtube.com/watch?v=oD8fbnGULA8

  • ennuigo

    Hearing some hot air about the “golden cross” S&P 50/200. “Always marks the low”. I have my doubts this time.

  • cuvo

    long bond yields falling hard

  • CandleStickEmUpper

    lol, awesome post mole (the Tehran vs. U.S. pics)

  • amgrant

    I'm starting to get more bearish here actually…

  • ropey

    ouch on GOOG i'm out – prob my worst trade of the week lol i'm stoppin there

  • molecool

    BTW, the contrast in these two photos is also why I'm planning to move my operation abroad. I have a hard time living in a place where the population is completely complacent, largely ignorant, and socially inactive.

    Sorry, I moved here in 1991 and back then it was a completely different country.

  • anthem

    Hmm, looking like GOOG is going for a 420 pin. . . Would not have thought that but thats where its headed for. . .

  • anthem

    Yeah,. I didn't see that coming either. Looks like its going for pin on 420 instead of 410. . . . Really sucks as I lost several points from my 440's holding for 410. . .

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

    Oh good, unemployment is only 11.5% in California.

  • Duuuuuude

    Yes, no kidding. People in this country have lost their passion. As long as everybody in this country is fat (see pic), we are not going to change anything. In Iran, they are hungry for change.

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

    poss vix rev next 15 min

  • cirsumvrent

    Can I ask where you're headed? I'm considering a similar move for my family for the same reasons.

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

    people sincerely believed, now they just scared and ignorant
    I came here at 1991 as well

  • eunsuh

    does anyone understand why there would be a divergence between SPX and SPY today? i'm sure there's a good explanation for it.

    http://stockcharts.com/h-sc/ui?s=SPY&p=5&yr=0&m

  • BaldEagle

    The longer we stay up here, the more compelled managers will be to chase the action…Could we see an acceleration of buying, as the bovine herd edges closer and closer to the abyss?

  • cedieke

    Molecool, i moved here from Europe too, only 5 years ago. I can only agree and was highly surprised of the mainly completely complacent, largely ignorant, and socially inactive population. But i do understand it, i think, since the Reagan times, people have heard that government is bad, can't do any good, etc, and they heard it over and over again, even when does who are for the so-called minimal government are in power. It becomes like a self-fulfilled prophecy. It is such a pity, as this country deserves a lot more.

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

    sure … they shorting the hell out of SPY (in order not to deal with time decay of ultra short etfs)

  • ennuigo

    You don't want to hange around L.A. for the big lootin'? You could get some free tennis shoes. Maybe a flat screen.

  • eunsuh

    thanks.

  • amgrant

    Went Ex-div today.

  • Osso

    yes….quote of the year..!!!!!! every one chooses with what rope to hung himself…..we say (with translation..mmm….

  • Callie

    EURUSD shooting up.

  • Osso

    whats up with goldstocks…???? maybe the HUI/Gold ratio gave a buy signal.

  • http://es seawolves

    david I have a bid at 4.80

  • gusrock1414

    Totally disagree. You don't think every money manager or sophisticated trader reads the technicals and sees that we might be topping. You are being biased based on this site. I think we are in for a healthy consolidation of the upmove from March and then maybe a little higher. I respect the technicals, but I also respect that things are better than they were. We have challenges but the market climbs a wall of worry. The market always has challenges. I think the bears are still a little early in calling the top.

  • amgrant

    No, it has to do with the SPY's dividend payment today.

  • Keirsten

    Funny how they loot their own neighborhoods when they could have gone a few miles down the road and looted Rodeo Drive. Oh how I don't miss all of that- the daily buzz of police helicopters and freeway chases included.

  • Autopsias

    Would be good to have you in Europe, not sure if we're that much better, but we sure need guys like you around here…

  • disrespekt

    Yeah…I want to move too. You go ANYWHERE, and as soon as you come back you see how fucking fat and slovenly we are. Plus, we dress drab and are mostly ugly. Hell, you can spot americans in the airport just by how fat the crowd is at any particular gate. Every single person in that picture above is overweight.

    We eat too much, drive too much, and largely don't give a shit about anything other than money. I was in Belgrade at a cafe daytrading from my telephone and the people I was with were looking at me like wtf is wrong with this guy. I made a nice double on XLF calls on one of those blastoff days in April, but the whole thing was like absurd making months worth of the average salary of these folks for clicking some buttons.

    I am honestly starting to look for work in Brazil, or somewhere that the women aren't trying to be surrogate men. Just sell everything, buy gold, and walk over the border with it.

  • Osso

    no my friend……they still think they solve thing writing emails to Congressmen, or having a blog, or making a movie.

  • alphahorn

    wave 4 of c finally in, now just one more move up to maybe 931.5

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

    I stand corrected, ty

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

    they were scared to get out of “general population area”

  • kinihepu

    The big question is where? Kinda hard to hide from what's going on.

  • springheel_jack

    Overoptimism also greases the slope of hope.

    The bears haven't called a final top here though, at least not most of them. Many are expecting the upward path to resume for a while after a correction. There are stiill corrections in a bull market as well of course.

  • ennuigo

    Blackwater protects Rodeo. They wouldn't have had a chance.

  • Osso

    the ratio is testing the lost 50 dma.

  • anotherone

    Before anyone makes a final decision on moving somewhere else, I'd advise you to wait and see how things play out over the next year. I believe that by the end of 2010, the political situation will have changed dramatically. In Iran, they're in the streets against a government that has exerted heavy handed control of peoples lives for 30 years or more.

    Here in the US, the government has gradually taken over more and more of our daily lives. Most Americans just want to go about their lives and provide for their families with honest work. However, politicians and community organizers have been telling more and more people that they're “entitled” to certain things regardless of their effort. A tipping point is coming soon when the productive segment of the population is going to tell the freeloaders “No more!” and after the dust settles, the United States of America will be the best place in the world to live.

    Either that or the entire world will be a hellhole.

  • Kirklandguy

    Pin plays established on BIDU FSLR POT RIMM so far, totally screwed up RIMM by not violating my guideline of waiting an hour after open – evident it's going to pin near 75 but I didn't take the gift 1.40-1.50 credit at open on the 75/80 call side.
    Watching MA GOOG ISRG GS but may not take any of those.

  • annamall

    Disprespekt, you make me laugh. It's true most americans are overweight, diabetic and dress so drab!
    McDonald's and BK is the meal of choice here. ugggghhhhh!! and it shows!

  • annamall

    ROTFLMAO I know and they win the NBA championship and burn their own neighborhoods. how classless can you get???

  • stxinon

    Trading in this kinky and volatile market is as futile as zen meditation in mosquito filled room with lake view…..
    There are no enlightened profits.. Not that there is a profitable enlightenment…..

    Saint Toolpa the Toolmaker.
    Indore city, Central India

  • Paleface

    Every coin has at least two sides
    http://www.youtube.com/watch?v=grkYXCCzthc

  • annamall

    Damn I think RIMM may pin to 70. should have waited.

  • http://www.srsfinance.com SRSFinance

    Well, as you know, I've been an expat for the past 5 years. I lived in Italy and Costa Rica for a few years before that. After living abroad I couldn't hack it back in the states so left again. I haven't looked back and don't plan to.

    I don't hate the US but there are a lot of new places to explore and life abroad contains a certain amount of mystery that keeps life interesting. And, believe it or not, I've found a lot more business opportunities living in Russia, where I've been for the past 5 years than I could have ever enjoyed in the US. It's a matter of being a small fish in a big pond or a small fish in a small pond.

    Life is pretty sweet in Italy Mole. The Goa region of India is nothing to sneeze at either, though the internet is a bit of a hassle there.

  • cuvo

    dxy reenters 79.xx land

  • Osso

    USD…creamed

  • standard_and_poor

    This is dedicated to mole and katzo:
    Let's make up guys, life is too short.

    http://www.youtube.com/watch?v=D1PY6REGVFU

  • Keirsten

    Seriously! If you were looting, wouldn't you rather loot Saks instead of Walmart? Snort.

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

    I laughed my ass off when I saw them chanting “we want shoes, we want shoes”

  • springheel_jack

    WTF is happening with USD. EURUSD has moved from 1.3925 to 1.4 in the last 40 minutes. Big decline against GBP at the same time.

    If USD craters today then equities are likely to rise.

  • http://www.mylifemytrade.com MyLifeMyTrade

    There is no way RIMM takes out yesterday AH lows of 71.xx – not sure what you are playing… but it is NOT getting pinned to 70 (although I will add that max pain IS $70 for RIMM, but then so many other stocks are not getting pinned to maxpain)

  • zenith191

    Just wanted to point out that EURJPY which has been leading the SPY has been heading down since the markets close yesterday. Can you say divergence?

  • ropey

    Yes its possible, or at least 72.50 the 200ma on the daily…it's got that stairstep look of opex driving to a specific price..

  • malusDiaz

    /DX & /ES falling in sync.

    Deflation at it's best.

  • standard_and_poor

    This is dedicated to mole and katzo:
    Let's make up guys, life is too short.

    http://www.youtube.com/watch?v=D1PY6REGVFU

    United we stand, divided we fall.

  • eunsuh

    the MACD doesn't support a new direction (yet) for the eur/usd. Has not made a higher high on the 1-hour or 30-min. In light of that, the eur/usd is in a descending wedge which is bullish, and I am still awaiting the final fifth wave move up.

  • http://www.mylifemytrade.com MyLifeMyTrade

    Hi – thank you so much for sharing that GOOG pin play example with me in the comments.

    Will you be willing to share more details on these pin plays i.e. how you legged into them etc etc.

  • mrclam

    anyone think now is a good time to pick up some rimm jul calls?

  • amgrant
  • annamall

    Not playing anything now I had a Calender 70 put spread. closed it out. If it does oh well.

  • annamall

    not touching that one today :-)

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

    I'll be headed back to Texas… it's practically a different country today and may actually be in the future.

  • springheel_jack

    Nice H&S on the EURUSD though, which indicates towards 1.35.

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

    they despise fashion of decadent riches

  • ropey

    Just nipped in and out for a quick scalp – risky business but once they get going in opex usual they dont stop which is somewhat encouraging..

  • annamall

    They need to take Alan standford and Bernie Madoff and string them together and throw them off the Skyway Bridge with 300 weight tied to their ankles!

  • ennuigo

    They would loot Costco but everything is so big to run with.

  • annamall

    nice Ropey!

  • annamall

    We shall see MLMT!

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

    none has a gun pointed at the heads to eat at MCD
    that is just misinterpreted freedom

  • Kirklandguy

    Yeah, little crazy at the moment, but I sure will when I have a chance.
    Today's going quite interesting so far, this might be a net scratch or slight loser day for pin plays (although I have tons of index shorts so doing quite well at the moment). I've got some notes on things to do differently in the future, have to keep learning!

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

    be careful what you wish for – the moment we'll come there – we will screw it up for you :)

  • Kirklandguy

    I hedged my 75 pins a bit in case we get a squeeze down to 70, RIMM not acting quite like I'd expect.

  • standard_and_poor

    OMG! and I thought you were sweet. LOL

  • annamall

    Good move AGrant!

  • Skates

    Chicago Skyway?

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

    “think”? never heard of such activity

  • CandleStickEmUpper

    now thats gangsta

  • Kirklandguy

    Mole, you're making me a EW believer…I'd say this is a headfake day that went just about right to your line from a couple days ago.

  • cedieke

    putting them in jail will be enough. no need for murder.

  • ZeroPointMind

    You are WAY too kind.
    Think about how they have lived to date.
    Sitting in a cage for the rest of their lives is more to the point.
    Imagine eating prison food til you croak and of course there is prison sex to add to the mix.
    A slow, painful death it would surely be.

  • Osso

    I prefer that for Paulson and the rest of the gang.

  • http://www.mylifemytrade.com MyLifeMyTrade

    Massive bids at lows of the trading day on ES

  • amgrant

    Nice quote Mole. So true at the moment. We all need to hang in their until this bad boy rolls over.

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

    I heard it in England 100 years ago
    and in Rome before that
    Power has ways of shifting from country to country nothing stays up forever

  • Keirsten

    Shorting the whole ball of wax here, tight stops.. look out. LOL

  • annamall

    Not when it comes to stealing peoples' life savings! That just makes my blood boil! They shouldn't breathe!

  • annamall

    Make that a 1000lb weight! LOL

  • itsgold

    Still short from yesterday here.

  • annamall

    them too!

  • http://www.mylifemytrade.com MyLifeMyTrade

    Oil is up; SPX is green – OIH is down 2 bucks – I am buying OIH June 100 calls for a quick scalp with tight stop.

  • annamall

    good call sistah!

  • eunsuh

    XLF NOT breaking down yet.

    Bad sign for bears if you are counting on a big slide.

  • amgrant

    This is very good for bears, but until we break 900 we are just dancing with the wolves.

  • eunsuh
  • dullmind

    Thanks standard_and_poor I agree, for those who don't click, its The Beatles, You Can't Do That live.

  • DMA Trader

    nice market call again.
    congrats

  • amgrant

    For all the hoopla that was that sell off, we're still flat on the day. I'm still bullearish.

  • thelefteyeguy

    looks like daytraders will win today…mad swings

  • thelefteyeguy

    lol..

  • amgrant

    Anyone long VIX today was the crap kicked out of them.

  • thelefteyeguy

    btw…props to you for that chart this morning…typical OPEX Friday…

    few more hours to go…let see what happens

  • thelefteyeguy

    …i don't have real time data for ^vix…but think by 1pm…it might be back at where it opened

  • standard_and_poor

    OOPS, I'm closing down my “Widows and Orphans” Hedge fund and moving to Iceland.
     

     

    ________________________________

  • amgrant

    high to low in regular trading…you guessed, 9 points

  • http://www.mylifemytrade.com MyLifeMyTrade

    Oh Well turns out OIH 100 Jun calls at 1.02 buy would have been a wonderful play.. They are already at 1.45

  • Keirsten

    Out and waiting. I need a neck brace. I don't trust this tape.

  • amgrant

    You don't??? Whose your broker?

  • standard_and_poor

    AMEN BROTHER!

    ________________________________

  • http://www.cafes.net poisonfrog

    I'm worried that the dollar is straight weakening, and the H&S was painted by the hiccup of the surprise employement report 345K #

  • Osso

    yes…that 9 point rule is great !!!

  • amgrant

    Random walk theory my ass. 😉

  • Count_de_Monee

    Hi rats,

    I'm back at the hotel since I missed my flight :( Too bad my limit order at 930 wasn't triggered.
    I guess now I have all the time in the world to watch this tape and reenter short should we get up to the 930s.

  • Count_de_Monee

    lol +1 for making me laugh on a shitty day

  • Osso

    a Count that flies commercial…????

  • Count_de_Monee

    Hey Osso, ever hear of the decadent nobility?
    That's me. Very few noble families still have their wealth, unfortunately.

  • anotherone

    Play your cards write on P3 and you'll be able to reclaim your proper lifestyle. :)

  • amgrant

    It's a tough tape to trade for everyone. You're not alone.

  • http://www.cafes.net poisonfrog

    Odd – the dollar weakened real quick there and gold,silver,oil all sold off hard.

  • http://www.mylifemytrade.com MyLifeMyTrade

    Entered puts on FAS, MSFT, PALM – http://www.mylifemytrade.com

  • standard_and_poor

    Go blackhaws

  • bruno

    Where is my brother Ropey?

  • Count_de_Monee

    That's what I'm hoping for. My ultimate dream would be to buy back the family palace (nowadays owned by a bank – how ironic, eh)

  • anthem

    Damn, everything doing great but GOOG won't die. . . .

  • standard_and_poor

    We could move from here to 931-932 IMHO.

  • http://es seawolves

    osso do you play faz , am trying to p/u @4.80 ride it, scalp to 5.26. what do you think ? Thanx this range is slow

  • moneyfarm

    Long /ES @ 914.25, Long /NQ @ 1465

  • ropey

    oh geez

  • moneyfarm

    That would be very nice

  • Osso

    yeah….they had so many descendants in every generation…..

  • alphahorn
  • ropey

    Looks to me like 92 spy, 36 Q….

  • Osso

    maybe you get good price today….but not a dive in XLF, to get faz into 5.26…….

  • moneyfarm

    Like the new blog format. Good call to wait on MSFT the other day. I was early, but still in my July 24 puts.

  • springheel_jack

    IFIFIFIF equities are correcting, then USD should strengthen.

  • woewoe

    MAX Pain on the SPY is $92. amazing.

  • itsgold

    THis is weird.. $SPX.X is up while the SPY is down… what gives?

  • bruno

    Zere you are. You have a lot of short manfriends with weak dollars in America I see. I like big men with strong dollars.

  • C.C. Rider

    I'll brace you babe!! LOL!!

  • amgrant

    SPY went ex-div today.

  • amgrant

    Your avatar is more amazing.

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

    XLF — 12.07 is the 200 DMA, an important fib fan line, and the upper BB on an hourly chart.

  • ropey

    Scalped again on the other side….hopefully 92.15 was the high and 91.80 was the low and they're just gonna bring it in with tighter and tighter moves..

  • Blind_Squirrel

    Katzo, you are back with a new avatar!!!!

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

    also 12.05 area will complete rising wedge on 4hour chart

  • molecool

    You guys are so easily entertained – LOL

  • amgrant

    Late day reversal coming, I wouldn't overstay on the long side.

  • molecool

    How often do I have to make that point about being careful with correlations??

  • amgrant

    Like you didn't look!!

  • http://es seawolves

    agree

  • molecool

    “Very few noble families still have their wealth, unfortunately.”

    You mean very few noble families still have the wealth they looted from their poor hapless peasants in past centuries – LOL

  • cuvo

    Huge sale blocks of EDZ printed around 1:40

  • ropey

    what's your target for spy?

  • amgrant

    Below 92

  • 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„¸

  • cuvo

    Oil play might be setting up. Nigerian militants blew up a key pipeline, along with Iran and N Korea instability. Crude futures were up earlier but are pronouncedly lower. Big gap up on Monday?

  • C.C. Rider

    Just remember that quad expiry means correlations go out the window. It'll be back on Monday.

  • standard_and_poor

    As we await the collapse of spx, here's another tune for the ladies.

    Grace it's a name for a girl
    It's also a thought that changed the world ……..

    Let's continue to show a little compassion for each other even for brother Katzo. http://www.youtube.com/watch?v=1LnR6GX-Re8

  • FlamingFerrari

    Reminds me of an ancient Chinese saying, “rich never lasts longer than three generations..”

  • woewoe

    I thought that would wake you up. lol

  • Osso

    that must be …max pain…!!!!!!

  • http://www.mylifemytrade.com MyLifeMyTrade

    Don’t worry – Goldman just upgraded them to buy. Which tells me that those suckers are going to short MSFT.. Every stock that they have ever put on the buy list has always underperformed the market. I like my trade even more now.

    Also, July puts means there is enough time..

    What surprises me now a days is that MSFT has become more volatile than the likes of RIMM & AAPL.

  • standard_and_poor

    Hope you're short by now.

    ________________________________

  • Count_de_Monee

    Not necessarily Mole.
    Many noble families became noble through service to the crown, specially military heroics on the battlefield. Others ascended to the nobility after climbing up the bourgeois ranks, making their wealth the old fashioned capitalistic way. Still others were awarded titles but no land at all so it is too simplistic to state that land was “looted” from the hapless peasants.

  • alphahorn
  • Count_de_Monee

    Smart people, those chinese. That saying still holds true today. The problem is that often the following generations take everything for granted and don't realize that preservation of wealth involves careful planning and smart investing. They tend to blow it all on frivolous matters since they expect to always have it at their disposal.

  • moneyfarm

    LOL. Out b/e on /ES; small loss on /NQ. My overall account is net short.

  • standard_and_poor

    Net short, good. Hang on we could go to 850-880, it'll be choppy though
    .

    rom: Disqus <>
    To: comfort888@ameritech.net
    Sent: Friday, June 19, 2009 1:15:22 PM
    Subject: [evilspeculator] Re: OPX Surprise!!

    moneyfarm wrote, in response to standard_and_poor:

    LOL. Out b/e on /ES; small loss on /NQ.  My overall account is net short.

    Link to comment: http://evilspeculator.com/?p=8524#comment-11460207

    You may reply to this email to post your response. To turn off notifications, go to your Disqus settings at: http://disqus.com/settings/notifications/

  • pricey

    Inspiring words

  • FlamingFerrari

    Exactly the point. Inherited wealth is never the same as those made. Just as you need a put information in context in trading, one needs a perspective in life.

  • pricey

    Death by unga bunga!

  • http://dreadwinaard.livejournal.com dreadwin

    Also joined in with a July 9 put on FAS at $0.95. Wish I would have seen PALM earlier! Wow.

  • http://www.mylifemytrade.com MyLifeMyTrade

    Thanks – I will definitely look into it. I could use this outside of trading as well :-)

  • http://evilspeculator.com molecool

    BTW, the contrast in these two photos is also why I'm planning to move my operation abroad. I have a hard time living in a place where the population is completely complacent, largely ignorant, and socially inactive.

    Sorry, I moved here in 1991 and back then it was a completely different country.

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

    Oh good, unemployment is only 11.5% in California.

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

    poss vix rev next 15 min

  • eunsuh

    does anyone understand why there would be a divergence between SPX and SPY today? i'm sure there's a good explanation for it.

    http://stockcharts.com/h-sc/ui?s=SPY&p=5&yr=0&m

  • DesertEagle

    The longer we stay up here, the more compelled managers will be to chase the action…Could we see an acceleration of buying, as the bovine herd edges closer and closer to the abyss?

  • cedieke

    Molecool, i moved here from Europe too, only 5 years ago. I can only agree and was highly surprised of the mainly completely complacent, largely ignorant, and socially inactive population. But i do understand it, i think, since the Reagan times, people have heard that government is bad, can't do any good, etc, and they heard it over and over again, even when does who are for the so-called minimal government are in power. It becomes like a self-fulfilled prophecy. It is such a pity, as this country deserves a lot more.

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

    sure … they shorting the hell out of SPY (in order not to deal with time decay of ultra short etfs)

  • eunsuh

    thanks.

  • http://www.ambgtrading.com/ amgrant

    Went Ex-div today. It does so every quarterly expiration.

  • Osso

    yes….quote of the year..!!!!!! every one chooses with what rope to hung himself…..we say (with translation..mmm….

  • Callie

    EURUSD shooting up.

  • Osso

    whats up with goldstocks…???? maybe the HUI/Gold ratio gave a buy signal.

  • http://www.ambgtrading.com/ amgrant

    No, it has to do with the SPY's dividend payment today.

  • disrespekt

    Yeah…I want to move too. You go ANYWHERE, and as soon as you come back you see how fucking fat and slovenly we are. Plus, we dress drab and are mostly ugly. Hell, you can spot americans in the airport just by how fat the crowd is at any particular gate. Every single person in that picture above is overweight.

    We eat too much, drive too much, and largely don't give a shit about anything other than money. I was in Belgrade at a cafe daytrading from my telephone and the people I was with were looking at me like wtf is wrong with this guy. I made a nice double on XLF calls on one of those blastoff days in April, but the whole thing was like absurd making months worth of the average salary of these folks for clicking some buttons.

    I am honestly starting to look for work in Brazil, or somewhere that the women aren't trying to be surrogate men. Just sell everything, buy gold, and walk over the border with it.

  • Osso

    no my friend……they still think they solve thing writing emails to Congressmen, or having a blog, or making a movie.

  • http://alphahorn.blogspot.com/ alphahorn

    wave 4 of c finally in, now just one more move up to maybe 931.5

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

    I stand corrected, ty

  • kinihepu

    The big question is where? Kinda hard to hide from what's going on.

  • Osso

    the ratio is testing the lost 50 dma.

  • anotherone

    Before anyone makes a final decision on moving somewhere else, I'd advise you to wait and see how things play out over the next year. I believe that by the end of 2010, the political situation will have changed dramatically. In Iran, they're in the streets against a government that has exerted heavy handed control of peoples lives for 30 years or more.

    Here in the US, the government has gradually taken over more and more of our daily lives. Most Americans just want to go about their lives and provide for their families with honest work. However, politicians and community organizers have been telling more and more people that they're “entitled” to certain things regardless of their effort. A tipping point is coming soon when the productive segment of the population is going to tell the freeloaders “No more!” and after the dust settles, the United States of America will be the best place in the world to live.

    Either that or the entire world will be a hellhole.

  • Kirklandguy

    Pin plays established on BIDU FSLR POT RIMM so far, totally screwed up RIMM by not violating my guideline of waiting an hour after open – evident it's going to pin near 75 but I didn't take the gift 1.40-1.50 credit at open on the 75/80 call side.
    Watching MA GOOG ISRG GS but may not take any of those.

  • http://www.hotoptionbabe.com annamall

    Disprespekt, you make me laugh. It's true most americans are overweight, diabetic and dress so drab!
    McDonald's and BK is the meal of choice here. ugggghhhhh!! and it shows!

  • Baby Dragon

    Trading in this kinky and volatile market is as futile as zen meditation in mosquito filled room with lake view…..
    There are no enlightened profits.. Not that there is a profitable enlightenment…..

    Saint Toolpa the Toolmaker.
    Indore city, Central India

  • Paleface

    Every coin has at least two sides
    http://www.youtube.com/watch?v=grkYXCCzthc

  • http://www.hotoptionbabe.com annamall

    Damn I think RIMM may pin to 70. should have waited.

  • http://www.srsfinance.com SRSFinance

    Well, as you know, I've been an expat for the past 5 years. I lived in Italy and Costa Rica for a few years before that. After living abroad I couldn't hack it back in the states so left again. I haven't looked back and don't plan to.

    I don't hate the US but there are a lot of new places to explore and life abroad contains a certain amount of mystery that keeps life interesting. And, believe it or not, I've found a lot more business opportunities living in Russia, where I've been for the past 5 years than I could have ever enjoyed in the US. It's a matter of being a small fish in a big pond or a small fish in a small pond.

    Life is pretty sweet in Italy Mole. The Goa region of India is nothing to sneeze at either, though the internet is a bit of a hassle there.

  • cuvo

    dxy reenters 79.xx land

  • Osso

    USD…creamed

  • standard_and_poor

    This is dedicated to mole and katzo:
    Let's make up guys, life is too short.

    http://www.youtube.com/watch?v=D1PY6REGVFU

  • http://channelsandpatterns.blogspot.com/ springheel_jack

    WTF is happening with USD? EURUSD has moved from 1.3925 to 1.4 in the last 40 minutes. Big decline against GBP at the same time.

    If USD craters today then equities are likely to rise.

  • http://www.mylifemytrade.com MyLifeMyTrade

    There is no way RIMM takes out yesterday AH lows of 71.xx – not sure what you are playing… but it is NOT getting pinned to 70 (although I will add that max pain IS $70 for RIMM, but then so many other stocks are not getting pinned to maxpain)

  • zenith191

    Just wanted to point out that EURJPY which has been leading the SPY has been heading down since the markets close yesterday. Can you say divergence?

  • ropey

    Yes its possible, or at least 72.50 the 200ma on the daily…it's got that stairstep look of opex driving to a specific price..

  • rosocecasita

    /DX & /ES falling in sync.

    Deflation at it's best.

  • standard_and_poor

    This is dedicated to mole and katzo:
    Let's make up guys, life is too short.

    http://www.youtube.com/watch?v=D1PY6REGVFU

    United we stand, divided we fall.

  • eunsuh

    the MACD doesn't support a new direction (yet) for the eur/usd. Has not made a higher high on the 1-hour or 30-min. In light of that, the eur/usd is in a descending wedge which is bullish, and I am still awaiting the final fifth wave move up.

  • http://www.mylifemytrade.com MyLifeMyTrade

    Hi – thank you so much for sharing that GOOG pin play example with me in the comments.

    Will you be willing to share more details on these pin plays i.e. how you legged into them etc etc.

  • mrclam

    anyone think now is a good time to pick up some rimm jul calls?

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

    same here

  • http://www.hotoptionbabe.com annamall

    Not playing anything now I had a Calender 70 put spread. closed it out. If it does oh well.

  • http://www.hotoptionbabe.com annamall

    not touching that one today :-)

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

    I'll be headed back to Texas… it's practically a different country today and may actually be in the future.

  • http://channelsandpatterns.blogspot.com/ springheel_jack

    Nice H&S on the EURUSD though, which indicates towards 1.35.

  • ropey

    Just nipped in and out for a quick scalp – risky business but once they get going in opex usual they dont stop which is somewhat encouraging..

  • http://www.hotoptionbabe.com annamall

    They need to take Alan standford and Bernie Madoff and string them together and throw them off the Skyway Bridge with 300 weight tied to their ankles!

  • http://www.hotoptionbabe.com annamall

    nice Ropey!

  • http://www.hotoptionbabe.com annamall

    We shall see MLMT!

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

    none has a gun pointed at the heads to eat at MCD
    that is just misinterpreted freedom

  • Kirklandguy

    Yeah, little crazy at the moment, but I sure will when I have a chance.
    Today's going quite interesting so far, this might be a net scratch or slight loser day for pin plays (although I have tons of index shorts so doing quite well at the moment). I've got some notes on things to do differently in the future, have to keep learning!

  • Kirklandguy

    I hedged my 75 pins a bit in case we get a squeeze down to 70, RIMM not acting quite like I'd expect.

  • standard_and_poor

    OMG! and I thought you were sweet. LOL

  • http://www.hotoptionbabe.com annamall

    Good move AGrant!

  • Skates

    Chicago Skyway?

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

    “think”? never heard of such activity

  • CandleStickEmUpper

    now thats gangsta

  • Kirklandguy

    Mole, you're making me a EW believer…I'd say this is a headfake day that went just about right to your line from a couple days ago.

  • cedieke

    putting them in jail will be enough. no need for murder.

  • ZeroPointMind

    You are WAY too kind.
    Think about how they have lived to date.
    Sitting in a cage for the rest of their lives is more to the point.
    Imagine eating prison food til you croak and of course there is prison sex to add to the mix.
    A slow, painful death it would surely be.

  • Osso

    I prefer that for Paulson and the rest of the gang.

  • http://www.mylifemytrade.com MyLifeMyTrade

    Massive bids at lows of the trading day on ES

  • http://www.ambgtrading.com/ amgrant

    Nice quote Mole. So true at the moment. We all need to hang in their until this bad boy rolls over.

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

    I heard it in England 100 years ago
    and in Rome before that
    Power has ways of shifting from country to country nothing stays up forever

  • Keirsten

    Shorting the whole ball of wax here, tight stops.. look out. LOL

  • http://www.hotoptionbabe.com annamall

    Not when it comes to stealing peoples' life savings! That just makes my blood boil! They shouldn't breathe!

  • http://www.hotoptionbabe.com annamall

    Make that a 1000lb weight! LOL

  • itsgold

    Still short from yesterday here.

  • http://www.hotoptionbabe.com annamall

    them too!

  • http://www.mylifemytrade.com MyLifeMyTrade

    Oil is up; SPX is green – OIH is down 2 bucks – I am buying OIH June 100 calls for a quick scalp with tight stop.

    Edit: I didnt see oil became red – WOW – I am staying out…

  • http://www.hotoptionbabe.com annamall

    good call sistah!

  • eunsuh

    XLF NOT breaking down yet.

    Bad sign for bears if you are counting on a big slide.

  • http://www.ambgtrading.com/ amgrant

    This is very good for bears, but until we break 900 we are just dancing with the wolves.

  • eunsuh
  • dullmind

    Thanks standard_and_poor I agree, for those who don't click, its The Beatles, You Can't Do That live.

  • DMA Trader

    nice market call again.
    congrats

  • http://www.ambgtrading.com/ amgrant

    For all the hoopla that was that sell off, we're still flat on the day. I'm still bullearish.

  • thelefteyeguy

    looks like daytraders will win today…mad swings

  • thelefteyeguy

    lol..

  • http://www.ambgtrading.com/ amgrant

    Anyone long VIX today got the crap kicked out of them.

  • thelefteyeguy

    btw…props to you for that chart this morning…typical OPEX Friday…

    few more hours to go…let see what happens

  • thelefteyeguy

    …i don't have real time data for ^vix…but think by 1pm…it might be back at where it opened

  • standard_and_poor

    OOPS, I'm closing down my “Widows and Orphans” Hedge fund and moving to Iceland.
     

     

    ________________________________

  • http://www.ambgtrading.com/ amgrant

    High to low in regular trading…you guessed, 9 points. Think that was the low of the day.

  • http://www.mylifemytrade.com MyLifeMyTrade

    Oh Well turns out OIH 100 Jun calls at 1.02 buy would have been a wonderful play.. They are already at 1.45

  • Keirsten

    Out and waiting. I need a neck brace. I don't trust this tape.

  • http://www.ambgtrading.com/ amgrant

    You don't??? Whose your broker?

  • standard_and_poor

    AMEN BROTHER!

    ________________________________

  • http://www.cafes.net poisonfrog

    I'm worried that the dollar is straight weakening, and the H&S was painted by the hiccup of the surprise employement report 345K #

  • Osso

    yes…that 9 point rule is great !!!

  • http://www.ambgtrading.com/ amgrant

    Random walk theory my ass. 😉

  • Count_de_Monee

    Hi rats,

    I'm back at the hotel since I missed my flight :( Too bad my limit order at 930 wasn't triggered.
    I guess now I have all the time in the world to watch this tape and reenter short should we get up to the 930s.

  • Count_de_Monee

    lol +1 for making me laugh on a shitty day

  • Osso

    a Count that flies commercial…????

  • Count_de_Monee

    Hey Osso, ever hear of the decadent nobility?
    That's me. Very few noble families still have their wealth, unfortunately.

  • anotherone

    Play your cards right on P3 and you'll be able to reclaim your proper lifestyle. :)

  • http://www.ambgtrading.com/ amgrant

    It's a tough tape to trade for everyone. You're not alone.

  • http://www.cafes.net poisonfrog

    Odd – the dollar weakened real quick there and gold,silver,oil all sold off hard.

  • http://www.mylifemytrade.com MyLifeMyTrade

    Entered puts on FAS, MSFT, PALM – http://www.mylifemytrade.com

  • standard_and_poor

    Go blackhaws

  • bruno

    Where is my brother Ropey?

  • Count_de_Monee

    That's what I'm hoping for. My ultimate dream would be to buy back the family palace (nowadays owned by a bank – how ironic, eh)

  • anthem

    Damn, everything doing great but GOOG won't die. . . .

  • standard_and_poor

    We could move from here to 931-932 IMHO.

  • http://es seawolves

    osso do you play faz , am trying to p/u @4.80 ride it, scalp to 5.26. what do you think ? Thanx this range is slow

  • moneyfarm

    Long /ES @ 914.25, Long /NQ @ 1465

  • ropey

    oh geez

  • moneyfarm

    That would be very nice

  • Osso

    yeah….they had so many descendants in every generation…..
    You should try meet Baronesse von Thurn und Taxis….she owns 5 palaces….

  • http://alphahorn.blogspot.com/ alphahorn
  • ropey

    Looks to me like 92 spy, 36 Q….

  • Osso

    maybe you get good price today….but not a dive in XLF, to get faz into 5.26…….

  • moneyfarm

    Like the new blog format. Good call to wait on MSFT the other day. I was early, but still in my July 24 puts.

  • http://channelsandpatterns.blogspot.com/ springheel_jack

    IFIFIFIF equities are correcting, then USD should strengthen.

  • woewoe

    MAX Pain on the SPY is $92. amazing.

  • itsgold

    THis is weird.. $SPX.X is up while the SPY is down… what gives?

  • bruno

    Zere you are. You have a lot of short manfriends with weak dollars in America I see. I like big men with strong dollars.

  • C.C. Rider

    I'll brace you babe!! LOL!!

  • http://www.ambgtrading.com/ amgrant

    SPY went ex-div today.

  • http://www.ambgtrading.com/ amgrant

    Your avatar is more amazing.

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

    XLF — 12.07 is the 200 DMA, an important fib fan line, and the upper BB on an hourly chart.

  • ropey

    Scalped again on the other side….hopefully 92.15 was the high and 91.80 was the low and they're just gonna bring it in with tighter and tighter moves..

  • Blind_Squirrel

    Katzo, you are back with a new avatar!!!!

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

    also 12.05 area will complete rising wedge on 4hour chart

  • http://evilspeculator.com molecool

    You guys are so easily entertained – LOL

  • http://www.ambgtrading.com/ amgrant

    Late day reversal coming, I wouldn't overstay on the long side.

  • http://evilspeculator.com molecool

    How often do I have to make that point about being careful with correlations??

  • http://www.ambgtrading.com/ amgrant

    Like you didn't look!!

  • http://es seawolves

    agree

  • http://evilspeculator.com molecool

    “Very few noble families still have their wealth, unfortunately.”

    You mean very few noble families still have the wealth they looted from their poor hapless peasants in past centuries – LOL

  • cuvo

    Huge sale blocks of EDZ printed around 1:40

  • ropey

    what's your target for spy?

  • http://www.ambgtrading.com/ amgrant

    Below 92, but by pennies.

  • http://evilspeculator.com molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨
    ¨°º¤ø„¸ N E W „ø¤º°¨
    ¸„ø¤º°¨ P O S T “°º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

  • cuvo

    Oil play might be setting up. Nigerian militants blew up a key pipeline; increasing Iran and N Korea instability. Crude futures were up earlier but are pronouncedly lower. Big gap up on Monday?

  • C.C. Rider

    Just remember that quad expiry means correlations go out the window. It'll be back on Monday.

  • standard_and_poor

    As we await the collapse of spx, here's another tune for the ladies.

    Grace it's a name for a girl
    It's also a thought that changed the world ……..

    Let's continue to show a little compassion for each other even for brother Katzo. http://www.youtube.com/watch?v=1LnR6GX-Re8

  • FlamingFerrari

    Reminds me of an ancient Chinese saying, “rich never lasts longer than three generations..”

  • woewoe

    I thought that would wake you up. lol

  • Osso

    that must be …max pain…!!!!!!

  • http://www.mylifemytrade.com MyLifeMyTrade

    Don’t worry – Goldman just upgraded them to buy. Which tells me that those suckers are going to short MSFT.. Every stock that they have ever put on the buy list has always underperformed the market. I like my trade even more now.

    Also, July puts means there is enough time..

    What surprises me now a days is that MSFT has become more volatile than the likes of RIMM & AAPL.

  • standard_and_poor

    Hope you're short by now.

    ________________________________

  • Count_de_Monee

    Not necessarily Mole.
    Many noble families became noble through service to the crown, specially military heroics on the battlefield. Others ascended to the nobility after climbing up the bourgeois ranks, making their wealth the old fashioned capitalistic way. Still others were awarded titles but no land at all so it is too simplistic to state that land was “looted” from the hapless peasants.

  • http://alphahorn.blogspot.com/ alphahorn
  • Count_de_Monee

    Smart people, those chinese. That saying still holds true today. The problem is that often the following generations take everything for granted and don't realize that preservation of wealth involves careful planning and smart investing. They tend to blow it all on frivolous matters since they expect to always have it at their disposal.

  • moneyfarm

    LOL. Out b/e on /ES; small loss on /NQ. My overall account is net short.

  • standard_and_poor

    Net short, good. Hang on we could go to 850-880, it'll be choppy though
    .

    rom: Disqus <>
    To: comfort888@ameritech.net
    Sent: Friday, June 19, 2009 1:15:22 PM
    Subject: [evilspeculator] Re: OPX Surprise!!

    moneyfarm wrote, in response to standard_and_poor:

    LOL. Out b/e on /ES; small loss on /NQ.  My overall account is net short.

    Link to comment: http://evilspeculator.com/?p=8524#comment-11460207

    You may reply to this email to post your response. To turn off notifications, go to your Disqus settings at: http://disqus.com/settings/notifications/

  • pricey

    Inspiring words

  • FlamingFerrari

    Exactly the point. Inherited wealth is never the same as those made. Just as you need a put information in context in trading, one needs a perspective in life.

  • pricey

    Death by unga bunga!

  • http://dreadwinaard.livejournal.com/profile dreadwin

    Also joined in with a July 9 put on FAS at $0.95. Wish I would have seen PALM earlier! Wow.