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Same Difference
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Same Difference

by The MoleDecember 14, 2008

It’s that time of the week again when we take a stern look at our tea leafs and attempt our luck at the losing battle we fondly refer to as predicting market probabilities. As we all know: “Prediction Is Very Difficult. Especially about the Future”. Well, that hasn’t stopped me so far 😉

Ain’t she a beauty! Can someone please explain this chart to me? Just kidding… it’s really not that difficult – so you instant gratification leeches just bear with me. There are two scenarios I think are most valid at this point. The first one is what I basically the triple correction I been pimping for a few weeks now:

  1. A zigzag that started on the 11/21 and ended on 11/28.
  2. Followed by a flat, in which we find ourselves right now, and in which we are about to complete wave {b} of B of (4).
  3. Followed by a motive up to the price correction zone of between 1000 – 1040.
  4. Followed by a high altitude skydive into the abyss.

There is also much talk about a triangle for which I have added a competing count in orange (or whatever that Prophet color is). I have also drawn yellow boxes around the counts where you see the original one in black and the one for the triangle in that orange color. Anyway, based on the triangle scenario we are in the last leg of C of (4), followed by a drop into D, a rally into E, and then the big plunge back into the abyss.

For the foreseeable future it really doesn’t matter as you can see that the path traveled is identical until the separation point, which is clear from the chart. I think that risk will be fairly easily managed once we arrive that level: If we are starting to drop around 900-920 the more skittish rats among you might want to wait until we cleared the lower boundary of the triangle.

Of course if we keep busting higher it’ll scare the pants off most bears out there and that would be exactly where I would back up the proverbial truck. Frankly, I’m personally not married to any of the two paths – may the better bull trap win :-)

One caveat however – as you can gather both scenarios require that we rally from here. If we actually start dropping below the Friday low all of that is out of the window and Berk’s count might be what we’re dealing with. I actually give his count an equal probability, so go back to the Thursday update if you want to remind yourself of his projections.

The Dollar got pounded last week and seems to be completing an A-B-C correction. And guess what follows a correction – another leg up – most likely. Unless we keep dropping from here, which would change our count.

There are two things that grabbed me about this chart. First up we are of course in deeply overbought territory – and let’s not forget that the Bullish Percent Index is a long term indicator. I could also show you the McClellan (more medium term), but why bother? The second observation on this chart are the levels of extreme conditions we are now dealing with. It is said that bear market have the most violent bull rallies and I think this comparison chart between the BPNYA and the SPX shows that quite nicely.

BTW, this gives additional credence to Berk’s scenario of an immediate drop. However, we don’t have much further to go in what I outlined above and believe it possible that the thin pre-X-Mas tape makes a few more points to the upside possible.

This is Moody’s BAA Corporate Bond Yield which is right now around 8.75 – has actually pulled back a little in November.

And this the 30-year T-Bond yield, which has completely fallen apart, just like the TNX. Now, let’s do some math:

  • Take the $TYX yield, which is pretty much at 3.06%.
  • And deduct from it the BAA yiled, which is 8.75%.
  • And you get a yield spread of -5.69%.

Ladies and leeches – 5.69% is record territory and I have never seen it that high. This spells big trouble for the mouth breathers going forward. Unless the $TYX is making a b-line to the upside 2009 there won’t be any sustained rallies and vapid corrections will be all we get. Hey, I don’t mind vapid corrections, just for the record.

Yes, the credit market is still broken and it won’t fix itself – I alert the media!!

Okay, short term T-Bills are basically the safest way to store your assets right now – and investors are willing to endure a negative yield just to get in. Scary stuff which the equities market seems to completely ignore. Why are we rallying again?

Whenever an internal count is becoming unclear I always take a step back and try to reach a conclusion by merely counting waves. A count of 9, 13, or 17 with few overlaps (motive + extensions), for instance is likely motive, while a count of 7, 11 or 15 is likely corrective. Right now I am counting 6 major waves in Gold and they are overlapping heavily, leading me to believe that we get 3 more counts to the downside.

Until we clear the 740 mark I would however be cautious – Gold has been acting strange as of late and is completely detached from it’s little brother Silver. As a matter of fact – Silver is at a very interesting spot right now and short positions should be very defensible. If it pops higher by any reasonable margin then something else is going on. I’m playing with the thought going short Silver on Monday – but I won’t touch Gold with a 10 foot pole right now.

That’s all I got for today, my steel rats. I have already slaved non-stop since the Friday close and some nice cosmetic Zero improvments are on the way (nothing has fundamentally changed – no worries). I have also completed the case study and beefed up the tutorial which can both be found on the Zero page. No worries, it will be accessible again later tonight. There is even an Excel sheet you can download that contains all of the signaled trades of the past 15 trading days (correlated with a marked chart in the case study) – if you want you can use that for your own purposes – took me a while to put that together. As a matter of fact I first did the entire case study by hand and when I was done I thought – hey, why the heck am I not using Excel for that? Silly me…

Back to more evil deeds – have more coding to do – see you leeches tomorrow morning.


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.
  • balljet

    First to comment: Dear Mole, I am getting concerned about you.. You seem to work non-stop. PLease go and drink a nice glass of wine, enjoy some comedy, whatever! We need you!! But if you don't get some rest, we might loose the effectiveness we have come to enjoy in your recent projects.. The ZI is a great tool… we need to be patient :)

  • BigHouse(Aka Mr Vix)

    That's my man. Another post for Sunday. Thats why i am still long UYG. I plan on selling when s/p gets up to 930-950. Erikd the roof is going to catch fire.

  • toad37

    Nice job Moleski. Thanks for giving us the edge on those bastard Mouth-breathers. Keep up the great work stud!

  • Teito

    Mole -thanks for the charts! They are always welcome!

    By the way, I stopped using the indicators I have been developing lately. I realize that they are not much more reliable than the currents ones out there.

  • etechpartner

    Mole – Dankeschoen ! Super Analysis as always on the weekend, Nice contra-point to some of the bullishness coming from other areas.

  • http://moontrader.wordpress.com/ Moontrader

    Hello Guys and all,

    Great stuff as always!

    I'm back from the honeymoon, which I spent in Cuba.
    A couple of ideas here:

    http://moontrader.wordpress.com

    I'm basically bull on the short and medium term. I guess that's an easy call.

  • deed

    evil, stop your freaking whining. nobody cares about your limitations or that of tos. get the indicator to make sense, with clear signals or get it the f … off the blog.

  • http://spnakr007.blogspot.com/ Steve

    Thanks for the waves chart. As an elliott wave beginner, it is easy for me to follow.

  • C.C. Rider

    Here's what I see happening in fairly short order. One more bounce off of SPX 900 which would coincide with Tuesday's fed minutes or GS and MS results released Wednesday AM. Target would be SPX 720 sometime this week, a Xmas rally , then another fall until 1/20/09. This pattern is a continuation pattern which I think doesn't conclude until July '09, sprinkled with sporadic bear rallies between.

    I went back seven years on the Bradley Model, and only two times have you had (4) major turn dates recorded as highs. The last four dates 10/18/07, 12/22/07, 6/07/08, and 12/14/08 (+/- 4 days) and in 2001.

    McHugh's PPT indicator issued a sell signal at the close on Friday. daily stochs are rolling over, and point and figure charts show breakdowns on 12/11 in the SPX and BKX among others.

    I also believe 80 percent of the blogs I visit are turning bullish based on seasonality, hard bottoms have been put in(HAHA), and SPX 1000 and DOW 10,000 are ripe for the taking.

    http://www.screencast.com/users/texana44/folder

  • BigHouse(Aka Mr Vix)

    http://www.youtube.com/watch?v=UdlavgJVc6g

    Last update from the crazy man . He should be the spoksman for Redbull.

  • BigHouse(Aka Mr Vix)

    Imagine if Mole was really Oscar lol

  • de3600

    Ya i am with you in that boat a ton of patterns ready to drop

  • etechpartner

    Interesting story on 60 Minutes. Another set of mortgages is going to reset interest rates causing another wave of problems. Didnt say anything about timing beyone 2009 / 10 time frame. Here is a printed version http://www.cbsnews.com/stories/2008/12/12/60min

  • BigHouse(Aka Mr Vix)

    Yea i saw that

  • etechpartner

    I am totally fascinated with the idea of another set of problems coming along and the notion of another big downleg. Something that takes the dow to 5300 territory. Its kinda like watching a car crash. Really wondering how its going to unfold.

  • Thrownaway

    I dated a girl like you, once.

    You're the reason for domestic violence.

  • PatrickK

    thanks mole! great analsys and thank you so much for the new tutorial. I've been able to navigate into the stlouis fed's web info and baa percent… what is a 'normal' yield spread with $tyx, for comparison?

  • molecool

    No, I choose to take my medication.

  • ProZachJ

    Nice post thanks

  • molecool

    I'm completely worn out – worked 20 hours just this weekend. Need a break – but I got to keep you leeches happy!

  • molecool

    I make sure to take your money first next week.

  • molecool

    Don't even worry about that schmuck.

  • PatrickK

    I thought it interesting when he was asked about the potential meaning of this in relation to further large downside. He dodged somewhat and said that this is a great time to buy.

  • ZigZag

    Yes, I agree C.C…My SPX daily chart says down http://tinyurl.com/6mnv3q I have the same pattern forming in RUT, NDX, TRAN, XLF and BKX..

  • kzhat

    mole, nice work on the new tutorial. just a question for you, is there any particular reason that you chose to flip open positions based upon ETA's not VTA's in the scenario?

    Thanks for the spreadsheet as well, very helpful to work through the scenario.

  • de3600

    You know I was sitting here thinking everyone talking about a santa rally.If you step back and think about when you had the spx at 800 in 2002 we had dot.com bubble and it was a slight recession no big deal.But ask your self this even after the crash if you want to call it that Bears Merriil ect ect were still around hell citi was trading at 30.Imho I just dont see that much of rally to be honest i am scared of what is going to happen to this country let alone the world.My hope is stock will go so low people will just have to buy hell Ican see APPLE LONG TERM AT 40 OR LOWER.I just dont think people realize how fucked up things are.And this priced in bullshit already shhheesh what was a worse mess 02 or this nightmare plus in 02 I dont remember this being a world wide problem.I do remember reading an article in 06 thou china econ is a freight train running full speed ready to come off the tracks.I was just wondering if you guys were worried about the future

  • ProZachJ

    http://screencast.com/t/ZtMNE67Cvi

    and here are my Retracement Levels for USDJPY

    http://screencast.com/t/TuYNvrZBOx

  • Jigsaw

    Anyone have a opinion on the banks at this point? GS reporting this week

  • gagelle

    Fed Refuses to Disclose Recipients of $2 Trillion

    http://tinyurl.com/5entqe
    [Open in new window]

  • gagelle

    Treasury’s Lowest Yields Offer No Help to Companies (Update1)

    http://tinyurl.com/5v35mt
    [Open in new window]

  • de3600

    http://www.youtube.com/watch?v=B8r-nDBx5Jg lmao watch this video from about 7min about how goldman at 175 was cheap

  • Alpha Trader

    BOTTOM LINE; PROVE YOU CAN MAKE MONEY WITH THIS!!!!! If you can't, we won't be able to.

    PLEASE: Prove you can make money.

    Can you get results audited? Like a money manager!! Thanks, I hate frauds that sell snake oil

  • Thrownaway

    Wow, that's an incredibly important (and profoundly dangerous) legal argument being made by the Fed. That would create a huge precedent for great government secrecy. Scary times.

  • Thrownaway

    Also, +1 for the article. Good link.

  • segaa

    It's rather funny, because he can't prove anything this way :) The result won't be statistically or other way meaningful.

  • balljet

    Mole… you don't have to keep them all happy!! The more you try, the more they actually do act like leeches.. Give' em hell, and they'll come begging.. :)

  • EZ

    Good evening all at EVIL SPECULATOR. Long time reader. First time poster. Wanted to state the obvious…this site is great. I appreciate all the info and analysis. You guys clearly know what you're doing. Zero is hero. Thanks for the helpful information.

  • StarGazer2

    Oh, let me waste 3 minutes of my time answering you.
    You seem to have been burned 97% in the past. Since we all have our own rules & checklists in trading, who's the day trader here? or swing trader? it's up to each one to test it against his own rules using PM on TOS.
    It's FREE, you idiot.
    If you wanna pay, then feel free to send it via PayPal & see if you find your snake oil.

  • http://zstock7.com/ zstock

    Nice chart zigzag–there are at least a 100 “out of the loop” people here, cause there's only 7 people following you on Disqus—
    I was surprised by that, since the only way to get these charts is to follow you on Disqus
    You pay what? $3000 a month for this service___

  • http://www.myspace.com/181419967 JZT_CHIL

    That's the main reason why it took Congress a good while to approve it… the first proposal had no stipulation for accountability.
    Anyway “great government secrecy” has been existing since guberment was “born” centuries ago… nope, they don't want mass panic… “Everything is under control.”

  • molecool

    And I hate obnoxious people who think I have to prove anything to them. I suggest you go back to your own indicators – probably better this way.

  • C.C. Rider

    Mole, don't respond. They'll go away faster. I'm waiting for the “Tuned Up” version of the ZERO.

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

  • http://zstock7.com/ zstock

    The GS sector trades at 9X earnings–2009 eps GS is $9+, so 9X9 = $81
    GS also has a 15% growth rate–so $6+(2008 eps) X15 = $90–
    pick one!!!!
    I'd say $92 tops

  • kzhat

    I updated the spreadsheet to only use VTA's, not ETA's at all and the returns dropped to about $19,300. Still not too shabby at all, but quite a bit different that when using the ETA's. Draw downs were much larger as well, maxing out at -9000 on a single trade.

    Just for sh*ts and giggles I took out all of the PTA work as well and just traded 1 ES contract. Results were profits of 12,250. It looks like the ETA's make a HUGE difference in results, the pyramid ES trading helps out as well, but the ETA appears to have the biggest effect. I'll run a few more scenarios, possibly using the ETA as an exit indicator, then going in again on VTA. I'll use those to tailor my use of the Z in paper trading as well as with a bit of real cash.

    Here are the stats my adjustments (ignore ETA's, per the 'standard' rules) came up with:
    Case Study Period: 19
    Winning ES Points: 370.00
    Losing ES Points: 121.00
    P/L ES Point Ratio: 3.06
    Trades: 30
    Winning Trades 19
    Losing Trades 11
    Success Rate: 63.33
    Total contracts traded: 46
    Long contracts traded: 24
    Short contracts traded: 22
    Total Profits $19,300.00
    Avrg Profit/Trade: $643.33
    Avrg Profit/Trading Day: $1,015.79
    Highest gaining trade: $7,500.00
    Highest losing trade: $9,000.00

    Single ES Contract Trading ES Stats:
    Case Study Period: 19
    Winning ES Points: 370.00
    Losing ES Points: 125.00
    P/L ES Point Ratio: 2.96
    Trades: 30
    Winning Trades 19
    Losing Trades 11
    Success Rate: 63.33
    Total contracts traded: 18
    Long contracts traded: 10
    Short contracts traded: 8
    Total Profits $12,250.00
    Avrg Profit/Trade: $408.33
    Avrg Profit/Trading Day: $644.74
    Highest gaining trade: $2,050.00
    Highest losing trade: $1,500.00

  • segaa

    Yes, it sounded illogical to me as well.

  • C.C. Rider

    $81 is a pipe dream. GS has been living on 50 to 1 leverage to get those profits. What happens when they have to act like a real bank with 7 to 8 times leverage. Earnings growth will be negative and eps will be a fraction of $9. The whole sector is in a death spiral, with probably at most 3 to 4 survivors.

  • toad37

    Please don't burn yourself out bro.. Take care brother.

  • http://zstock7.com/ zstock

    Almost all of the companies reporting this week are coming into earnings under-valued. I sort of think I shouldn't short sell too much.

  • GEO

    When did you switched to “Alpha Trader” name, you snake?

  • http://www.myspace.com/181419967 JZT_CHIL
  • molecool

    “It looks like the ETA's make a HUGE difference in results,”

    Thanks for doing this. Regarding the ETAs – yes, this is not surprising as we had two huge slingshot rallies in the last 15 days. If you take out an ETA linked to a candle that moved 50 points in one hour and another one that moved almost 40 points in one hour then you will see a high losing trade. What do you suggest to be done about that?

    It's a bear market and as you might know – those have the most violent surges/drops. Which is what the ETAs are for and there's nothing bad about taking an ETA, especially when the candle has already moved 25 SPX points. I was very conservative in projecting those entries – a good trader would probably have jumped in earlier.

    Just some food for thought – it's natural people mock with the system and try to make it theirs. I must warn everyone about this. In the 1990s a bunch of people started to trade the turtle system and many claimed that it 'didn't work'. Well, after some investigation it turned out that the people who couldn't make it work were the ones who changed it.

    If you start paper trading the ZTS I suggest you do it according to the rules I posted. Don't change it – and if you do – then don't come back and complain that the Zero doesn't work.

  • molecool

    Well, I had been yapping a lot about the Zero lately and I know that most of you come here for good analysis 😉

  • kzhat

    :) Not knocking it, just working through the details, and nope, I didn't pull down $19,300 last month, would have been nice if I had… then again, seven ES contracts via TOS would require approx 43K in margin so a lot of folks on here won't be able to get that long/short as a lot of retail traders have less than 25K in their accounts.

    Anyhow, my thought on the ETA was to use it as an early exit. It may not be a valid turn yet, however the ETA may provide an early exit to aid in loss mitigation. I ran the numbers using the ETA as an early exit and it worked out nicely. That violates the “always in the market” part of the system, so it may require a little more thought there.

    Right now I'm papering completely on the “VTA” only rules. Results have been mixed so far, not the Z's fault, my own. My entries sucked as I have a day job and didn't get in during the early part of the hour, in a whippy market like this, that can eat your profits alive.

    Anyhow, good work mole. I like it quite a bit. Right now I'm long based upon a number of things, including the Z swinging positive Friday. Working futures on paper, and trading options in the real world.

  • http://www.evilspeculator.com berkshire

    Great analysis man. One of your best posts, and after all the work we know you did on the zero…

    Good stuff mate.

    Skål!

  • molecool

    I take it you haven't read my email yet – LOL.

  • http://www.evilspeculator.com berkshire

    Sure did, and did my homework as well (read the case study and new trading rules).

    Would like to chat tomorrow, but that is in my email too… 😉

    Skål!

  • http://groups.google.com/group/monitoringthemadness/ johneeboy3

    There's more than one way to track this cat.
    I can't remember if I made zigzag a follower, but I subscribe to all his comments via RSS… so there might be more zigzag followers than you think!

  • balljet

    and rightfully so… it seems to be a very useful tool.. maybe even revolutionary so.. time will tell. It's your baby so no doubt you want to realize its potential immediately, but be patient. Rome wasn't build in one day. Don't let any negative leeches get in your way !!

  • GMunni

    I posted up a couple charts that hopefully some may find interesting. The first is of the Dow starting in 1929 vs the 200 day SMA and then as a percentage difference. Basically the formula back then was every time the index got within 20% difference to the 200 day SMA, short the hell out of it. (http://farm4.static.flickr.com/3151/3109938544_…)

    Then the second chart compares the Dow starting in 2007 versus the 200 day SMA and the percent difference. (http://farm4.static.flickr.com/3255/3109106313_…)

    This is not to say that today's market is playing out exactly like 1929 but there are eerie similarities in terms of the time and position of the market as well the likeness in the fractals that have played out to this point. (http://farm4.static.flickr.com/3018/3071752082_…)

  • Jigsaw

    Oscars Sunday video is posted, looks like he's still bearish
    http://livewithoscar.com/index.php

  • http://zstock7.com/ zstock

    well don't short the QQQQ this week–that's all I know!!!

  • de3600

    Are you fuckin kidding me get lost turd

  • shbhanda

    hey evil, thanks for all the work, it is really kind of you to do all of this. good luck with everything.

  • http://zstock7.com/ zstock

    thanks Johnee–good to know!!!

  • JJhooligan

    Hands down, the best charts on earth! WOW!

  • T.B. Aurelius

    Spot on Moon.

  • standard_and_poor

    Great job on Elliot charts and Zero, everyone appreciates your hard work.

  • molecool

    Yes – exactly. Read an article back when that also said that the 200 week MA needs to be touched before a secular bear market is over.

  • stopsarein

    Awesome. what would the name of the formation that takes us into the 1000s and not down at e. On the e if its like the last one we might not make it to the upper boundary so i might keep a lot from the c or the d just to be in the bigger trade should the best case scanerio present itself for the bears. Once again thanks.

  • etechpartner

    Excuse me? You are dealing with a blog. Maybe you didnt know that. By definition the owner of the blog doesnt have to prove anything to anyone. You are here by choice. Nobody is holding your feet to the fire and forcing you to read this. Thanks for sharing your concerns but remember this is not a money management operation or a fund or anything of that sort. Perhaps you should look around for other sites that better suit your needs.

  • JWBlack

    Thanks from me as well on your variation-on-the-theme work. Please share other results you may have.

  • http://www.evilspeculator.com berkshire

    As of right now, there is no snake oil for sale… We are dishing it out for free. If you like it, great, I can sell you some. If not, don't use it.

    Simple as that…

    Skål!

  • Duuuuuude

    That is awesome! Thanks for your hard work. Keep us posted! +2

  • http://www.evilspeculator.com berkshire

    “We need oversight…” Oversight my ass…

    Skål!

  • de3600

    These people on the trading for on cnbc are funny 09 better, reccession over first half are the kidding.Let me give you people an idea of how bad is out thereI own a swimming pool company from 2000- 2006 we builtt 65 -85 pools a year 2007 20 2008 ONE POOL had to lay off everyone this winter

  • Eric_in_SFL

    Plus The mortgage mess is less than 50% over, way more to come.

  • http://www.evilspeculator.com berkshire

    Yup… What they fail to notice is consolidation typically ends in a resumption of the major trend.

    I also think it is great about the recession. On TV, until a few weeks ago (when the recession was officially dubbed), you were a moron to think things weren't peachy and improving. Now, they talk about the recession being around for a year like everyone knew it…

    Just seemed funny to watch them flop sides without a thought….

    Gotta love CNBS…

    Skål!

  • Duuuuuude

    Got stopped out of TNA Longs t his morning……..damnit. http://screencast.com/t/MhtNMjv4oQ

  • geckoman

    Should be boring until after the Fed meeting. Many indexes at resistance or support and the VIX still coiling in triangle. The Vix tomorrow will tell you what direction to bet.

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

  • molecool

    That's what sheep do, Berk – they adopt whatever you throw at them. And they all wind up being slaughtered at the end.

  • http://www.evilspeculator.com berkshire

    AAPL on a nice run today. If it can break it's resistance it would not bode well for the market. Financials are down too…

    I don't expect a HUGE move, but if something is going to happen this year, sometime this week would be it's best chance.

    Skål!

  • http://www.evilspeculator.com berkshire

    Send 'em over here to the big bad wolf… :-)

    Skål!

  • Bricks

    Don't forget that we still have at least 2 more beasts out there to knock the economy around. Commercial real estate and credit cards, while not as devistating as residential real estate, will be a huge liability in the upcoming year.

  • molecool

    CLEAN CUPS!

  • molecool

    Yup – X-Mas is looming and nothing usually happens after the 15th anyway…

  • molecool

    Yummmm…

  • ZigZag

    Hey Z, AMZN looks real nice. I shorted it a couple of weeks ago and got stopped out. I'm looking to get back in, and hope it doesn't start dropping without me..Thanks again for that ICE tip :-)

    The AMZN daily chart has a nice zigzag pattern here: http://tinyurl.com/6l8vq3

  • ZigZag

    Thanks Johnee. I totally forgot about using RSS in disqus. It will make it much easier for me to follow you, zstock, atilla and a few others..I got in on your XOM wedge today :-)

  • http://groups.google.com/group/monitoringthemadness/ johneeboy3

    I show you my follow list if you show me yours?

    Email me at level323 at gmail

  • http://www.hervey-bay-holiday.com kea11

    Proshares have new Gold, Silver and Oil ETF's. You can read about them here: http://tinyurl.com/582nyx
    Volumes are low at this stage but I've taken a very small position in the new double short GLL in favour of my old double DZZ to see how it behaves.

  • ZigZag

    Hey Z, AMZN looks real nice. I shorted it a couple of weeks ago and got stopped out. I'm looking to get back in, and hope it doesn't start dropping without me..Thanks again for that ICE tip :-)

    The AMZN daily chart has a nice zigzag pattern here: http://tinyurl.com/6l8vq3

  • ZigZag

    Thanks Johnee. I totally forgot about using RSS in disqus. It will make it much easier for me to follow you, zstock, atilla and a few others..I got in on your XOM wedge today :-)

  • http://groups.google.com/group/monitoringthemadness/ johneeboy3

    I show you my follow list if you show me yours?

    Email me at level323 at gmail

  • http://www.hervey-bay-holiday.com kea11

    Proshares have new Gold, Silver and Oil ETF's. You can read about them here: http://tinyurl.com/582nyx
    Volumes are low at this stage but I've taken a very small position in the new double short GLL in favour of my old double DZZ to see how it behaves.