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Why I Am Holding
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Why I Am Holding

by The MoleJuly 15, 2009

10:30am EDT: I actually slept in – fully expecting to see my SPY puts to be man handled at the open. I’m going to spare you the pep talk and decided to get right to the point. This is why I’m still holding:

All I see right now is the right shoulder completing – look at the average volume – we just dropped through 200 Million (someone mentioned the TOS number was inaccurate – fine – we are still dropping however).

Since folks are thinking I’m MIA this morning I decided to add the alternative count in jing. Bottom line is that we could easily be tracing out Minor X at this point, which might stop right here or get us to SPX 937.

I have to stick with my analysis and will not be lured into making emotional decisions – this is not about being stubborn – mind you. This is about weighing all the evidence and coming to a rational decision. If we bust beyond 937 – well, then I got taken for a ride and the bulltarts won this battle (but not the war).

Finally – I will continue to add short positions all the way to 937.

11:28am EDT: Exhibit B:

As Tyler mused over on Zero Hedge: Very amusing….


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.
  • C C Rider

    Relevant info for today’s price action by the bulls.

    All warfare is based on deception. Hence, when able to attack, we must seem unable; when using our forces, we must seem inactive; when we are near, we must make the enemy believe we are far away; when far away, we must make him believe we are near. Hold out baits to entice the enemy. Feign disorder, and crush him.
    – Sun Tzu, the Art of War

  • molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨
    ¨°º¤ø„¸ S T L ¸¸„„ø¤º°¨
    ¸„ø¤ P L E A S E º¤ø„¸
    ¸„ø¤º°¨¤ø„¸¸„ø¤º°º¤ø„¸

  • KidDisco

    IYR not playing along with the melt up.

    Just saying…

  • annamall

    Good Mole, you deserve it! (the sleep :)) i am still holding a few SPY put spread, and closed my long INTC, will keep GOOG long and APA long. But will not load up either way @ this point till OPX is over,
    Historically if this week continues to rally, the week following OPX rallys as well, as option traders square up they're new positions.

  • http://www.aggressivelyuninformed.com nepharis

    By my count we are completing an extended minuette iii of minor i of intermediate (C / Y) of primary {2}. This should take us to new high in the next weeks without much pullback, until we complete and enter Primary {3}.

  • http://actionpointsta.blogspot.com/ StonerRock68

    Mole,

    Terrific post and my thoughts as well. I've been small scaling into low risk swing shorts all morning. The NDX was just slapped at the downward sloping trendline on the 60.

    By the way, your blog is a recent discovery of mine. I wish I had found it earlier, but I don't surf much….other than stockcharts.com and the occasional midget porn site. Anyway, I'm glad I finally did.

  • innatedc

    Yep agree….just entered 10 contracts on the ES at 917.75 and will wait this one out….

  • lester

    closed my Aug SPY Puts. Still holding Septs

  • Count_de_Monee

    phew.
    I thought I was the only bear left. I'm also still holding my ES shorts and I plan on sticking to my plan.

  • innatedc

    BTW I have to say this…..No one ever trades what they “see”- neurologically that's impossible due to perceptual bias…you will always, always trade what you believe, so let's just throw that garbage cliche right out the window.

  • BigHouse(Aka Mr Vix)

    Looks like poor old AIG is red today lol

  • lester

    I may be crazy but still think the SPX could reverse soon. Or it could be backing and filling for a push higher…

  • rhae

    I agree with the Mole, falling volume on good a/d breadth suggests to me poor quaility…

  • gopulu

    VIX Turning around ; almost a full point move from 23.83 to 24.83

  • katzo7

    Love that point inna.

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

    One of your best post ever!!!

    fwiw, there is also the chance, albeit slight, that it could be minute ii of minor 3 of intermediate (1) and if so iii of 3 follows.

  • Keirsten

    Repost:
    Out of long scalps cuz I can't babysit them today. VIX sitting my target at bottom of bullish wedge on weekly painted a hammer and now a working on a doji on the 60 min.

    One thing that popped out on the DIA and Qs to me though and something for us to consider, both bull and bear- Funny when they use a gap to fill a gap. Something to think about pattern-wise and I need to look long and hard at Island Bottom formations for clarification about it. Can definitely include several days of trading in the pattern, technically perfect when it includes gaps on both up and down. Here's the link to Bulk's statistics: http://thepatternsite.com/islandrev.html

    For some reason I turned on CNBC this morning and left it running in the background… if I have to hear about that f-ing Haine's bottom one more time I'm going to throw the telly out my 2nd floor window. LOL Have a good rest of the morning Rats, BBL.

  • http://www.mylifemytrade.com MyLifeMyTrade

    I started scaling into Aug calls around 19.30 mark

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

    it always works the same way – when it is soooo good – you short (sweet VIX for PUTsss) – when it is soooo bad you buy – you just do what institutional do – scale in and out

  • Anonymous

    i hope you go broke.

  • TRILES

    Hitting extremes on this chart:

    http://stockcharts.com/h-sc/ui?s=$NYADV:$NYUPV&

    Notice the divergence at the end of this chart where the question mark is:

    http://stockcharts.com/def/servlet/Favorites.CS

  • icetigaurus

    I had some short near term puts as hedges but got rid of them Monday thinking that was near the top, oops lol.

    Whatever I have Oct Puts so I can wait through more bullshit, not like they haven't pulled this before.

  • http://www.mylifemytrade.com MyLifeMyTrade

    you seem to be in love with AIG… new drug of choice

  • katzo7

    OK
    15 minute MACD just starting to roll over here (not quite yet pointing down) and stochs are just turning down. Let us see where we go now!
    Bollinger band breakouts on all shorter term time frames.
    Usually rocket ship moves like this are not sustainable xcept this is the beginning of (just perhaps, my channels on the WEEK broke today) EW5 move up on DAY, EW5s are unpredictable. Well they are predictable in that they are unpredictable.

  • http://www.mylifemytrade.com MyLifeMyTrade

    On a trend up day, SRS collapses into EOD… I have seen time and again… IYR and XLF to some extent too go vertical into close on a lot of trend up days..

  • Coldwarvet

    Thanks for the morale shot, Mole. I'm nibbling away at puts this morning, slowly and steadily adding on the pops. Looking to add DECs, but the VIX keeps going up, lol. Funny thing about that, eh?

  • rhae

    Very true… that is why I make an effort to trade a set-up/plan… after order in and stop set. Go mow the grass, wash the car, and generally fart around the rest of the day and don't watch the screen. Then spend a few hours in the evening and do it all over again…

    Almost impossible for me, lol… but I try

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

    I turned it on this morning to see what sentiment is like and caught that 'Haine's bottom' segment. That's precisely the mood we need to establish anything more meaningful to the downside.

    You'll like this one too:

    http://zerohedge.blogspot.com/2009/07/amusing-m

    And speaking of interludes…check this out (I'm a bit drumming fan):

    http://www.youtube.com/watch?v=QaKpRQH7J4U

  • 1981er

    Hello Ben,
    The Bond market has a message for you:

    http://img257.imageshack.us/img257/2014/tnx.jpg

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

    loaded GOOG Sep430p

  • Keirsten

    I have a hot pair of 6 inch heel boots I'd like to plant on his bottom if you KWIM? :-D. Thanks for the links, will check later- have to run for some appts. G/L today buddy. 🙂

  • springheel_jack

    I agree with Mole. I've hedged my shorts but am planning to unhedge them at some point today. It would be nice to make 930 soon to get a completely clear point to do that, though I think we might be starting a significant pullback very soon.

  • Trappped

    Totally agree with the logic and the psychology. It's always the mentally hardest at inflection points and the easiest when things are going your way. That's the way markets work. This was nothing more than a setup to wipe out nervous bears and it will soon be the bulls that will get whacked.

  • nirav777

    Spartans!!! tonight we rest for tomorrow we dine in hell..!!!

  • springheel_jack

    I'm with you milord.

  • KidDisco

    good point. lord knows i've been raped many times because of that.

    although i do think real estate, specifically, CRE, will lead the next
    correction. SRS is right around pretty strong support. so unless we
    think this thing is going all the way back to 950 and beyond, now is a
    good a place as any to put on a starter position.

  • Osso

    (956 – 869) x 0.618 = 923…..

  • annamall

    Repost to K

    ROTFLMAO hahahaha and what an ugly bottom that must be!!!

  • bist

    I second your thoughts on the light volume… I'm hoping/expecting this plays out like the day we formed the right shoulder. Small drop into the close and the big drop tomorrow. I'll consider adding puts at eod

  • ACJ

    not to dash any hopes here, I'm as bearish as most. But there is a IHS on the 60/Daily where we are moving up from the RS now. Tgt around 1150. It is a less than perfect pattern, but everyone has been focusing on the H&S that everyone knows (which invalidates it IMO, since everyone knows). In fact, because everyone saw it that was all the more reason for the Bastard Guys to run the market up and trap all the Shorties. I'm just saying don't be blindsided by the possibility of a move over 1100 running into September..

  • http://www.mylifemytrade.com MyLifeMyTrade

    Why ?

  • tranchefoot

    /ES monthly pivot hit 3 times. Looks like a fourth test is under way.

  • jcslht

    on july 3rd bill mclaren posted onhis free cnbc europe page the following:
    “Rallies in bear trends tend to get smaller in both price and time until a final exhaustion. This has occurred at the March low since this current rally has exceeded both price and time of any rally during the campaign. There were also three descending trendlines indicating a “blowoff trend” and once complete (breaking above the 3rd descending trendline) will complete the trend and that has also occurred on this rally. There were also three thrusts down and that can also complete a bear campaign. There are a few negative aspects as the PE ratio for the S&P 500 was higher than any other bear market low and that is illogical considering the fundamental risks. And the “normal” counter trend on the monthly chart is three bars or 90 calendar days and that was the “time” of this last rally. So even though the index has exceeded all the previous rallies it did stop at 90 calendar days and that keeps this rally a possible counter trend rally in a bear trend by the time factor.

    The “normal” retracement when changing into a bull campaign is to hit 3/8 of the range down and that has not occurred yet. The “normal” retracement of a rally after the completion of a bear campaign that indicates a possible bull campaign is the 847 level and that hasn’t been tested yet.

    So there is a strong probability the bear trend is complete but there has been no confirmation of that completion from this rally yet in either “price or time.” A weak rally into the 19th to 21st of July could set up another fast move down. We are still looking for support at 880 then a possible run down to around 850 for the low.”

  • Ghostdog

    A lot of people here are hung up on this H/S deal. I said it on a post last week, once the media got a hold of it, it was most likely not going to happen at least not when everyone thinks it should. That coupled with the other reasons I had, I stated that that there was a good chance this thing was going to rally. Another issue I had was OEX which Fujisan mentioned and I agree with.. That added an extra degree of fun in the trick bag. Then you got the worst thing.. Fund managers which understand only one thing… Buy the dips, thats all they ever learned. Believe me these guys can put a hurt on shorts if they catch a bid.

    Its hard to make complete sense of this when we only have chapters 1 thru 4 of a 10 chapter book. Look for most if not all of the chapters to be released by the latest, the EOD Tuesday. Then you can at least fake a better book report than today. Hell, you can even see chapter 6 showing itself in lagging volume.. 🙂

    I didnt get real long on this move, but I was able to lay in a deep floor of protection on all my short positions from 3 to 4 weeks ago. Probably about flat right now but this whole mess should be ironed out very soon. Remember that great quote someone posted here. In times of uncertainty look the direction of which will hurt the most people. Its hard to find a more accurate statement.

    And lastly, remember this isnt your shot at the prize. The chance for the prize will be in the upcoming months. They key is dont get caught up in the silliness and miss that opportunity by getting gun shy. Most of y'all here have a pretty good handle of things so be smart. The time will come.

    You can read the two previous posts sighted here

    Id like to preface this with saying that…
    http://evilspeculator.com/?p=9052#dsq-comments

    I keep harping on this but as much as…
    http://evilspeculator.com/?p=9084

    Good luck all

  • LostIllini

    Breaking it down Osso style….Thank you!

  • Anonymous

    my bad. i thought you said you were scaling into puts.
    i hope you get rich.

  • molecool

    I like to see you wear them 🙂

  • Fujisan

    VIX reversed from early red candle. Now it's up. Dragonfly doji.

  • gannsecret

    a very symetrical H&S pattern
    today 23 days from high- like 23 days before the high

    http://www.screencast.com/users/ganns/folders/J

  • molecool

    Midget p0rn? LMAO…

    I have a feeling you'll fit in just fine here 🙂

  • annamall

    I hate to be a synthetic bull, but I have to agree with some of them that we will likely hit 950 and possibly 1000 by August OPX, the bears keep getting squeezed and they are becoming more and more vacant.

  • Osso

    still heading into resistance at spx 924.60…..LS level made on May 20th.

  • annamall

    Yes you did point up Ghost! 🙂

  • Ghostdog

    Nice one ropey, I love it, but in seriousness… wait.. did I say serious… the media always hypes up the rallies and downplays the selloffs because they are in the business of making people warm and fuzzy not evil and mean.. as you can see there is just another reason I depise them… So when they jumped on the bandwagon of being short… I was like.. huh…. something is desperately wrong here!…

    Obviously listening to any media source whether it be CNBC, Bloomberg, Inside Sedition, The Bachelorette or Perez Hilton/Ryan Seacrest (they are the same person right?) is enough to send and perhaps justify bringing an M777 Howitzer in the studio and taken care of business. But since we have unfortunate laws that prohibhit such actions, aw shucks…

    In a nutshell, you couldnt put it on TV if it wasnt true……

    Lastly, I will go on a limb here and tip you off to the sign that the Bull market is over. And it will come from the “Messiah” himself. You will know its over when Barack Obama is on the cover of Time Magazine with little Timmy in the background and the headline reads… “How They Beat the Bear”! Don’t run to your local newsstand.. Just run to the nearest PC and SELL MORTIMER, SELL!

  • innatedc

    Thanks katzo man….been enjoying your analysis lately as well..

  • lester

    katzo, do you mean here that the top line (white line on my TOS screen) is starting to turn down? Do you consider the beginning of turnover as time to go short on 15 min chart. Or do you wait for crossover of the lines for confirmation?

  • kinihepu

    I'm with you. Just loaded up on Aug 36 puts. The 35s are hurting, but I'm confident that we'll be lower in the next 5 weeks.

  • ropey

    will only lean that way if the pattern is broken, right now we're around the upper level of the RS so the bear case is still fully intact even though it doesn't feel like it ;)….i am prepared to change my position when i get confirmation but until then i am sitting tight and hedged.

  • katzo7

    Wait for a cross on the 15 minute, look at what is happening now.

  • CandleStickEmUpper

    if SPX busts through 925 watch the trail of smoke to the moon. its damn close to it too.

  • annamall

    Ropey wouldn't surprise me to see us hit 930 today BTW when are you changing to Brüno? I love you as a blonde!! hehehe

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

    The main trap I see folks on this blog falling into is that we keep forgetting this fundamental truth: stocks go up forever and now is always the time to buy.

  • annamall

    I have a feeling Candle. The bears are getting shell shocked and I can see 930 today easily.

  • gusrock1414

    This is very uncommon for me but I agree with Anna on this one.

  • Osso

    Qs 36.79 resistance

  • lester

    Fuck it. Out of shorts completely.

  • annamall

    Bulls doing the running of the bulls on 925, if that breaks watch out above!

  • divergence

    Oil has been looking like it wants to roll over the past 15-20 minutes.

  • molecool

    Do you feel better now?

    Do me a favor – write what you feel right now on a piece of paper and read it a week or two from now.

    It will make you a better trader.

  • Osso

    transports lagging w/respect to May 20th.top

  • annamall

    Good post CC! You must be giddy with happiness! LMOL 😉

  • http://www.cafes.net poisonfrog

    Just like housing prices!

  • molecool

    A very good time for this fine quote 🙂

    1+

  • annamall

    hahahah you are so funny!

  • Ghostdog

    Thank ya Anna.

  • annamall

    There she goes, buh bye!!!

  • ropey

    that film is nuts and no im not going to be doing any anal bleaching blarghh! lmao

    I am looking at the vix as my tell and the fact we have one uber gap to fill from below. I don't think there is more juice left for opex so i see we close 91/92 on friday, that's my take a little different from fujisan but we'll see.

    All it'll take is on big earnings report to have the complete opposite of today – remember we're double-digit unemployment, house prices still going down. Intel laid off 2500 people in their ER according to denniger which helped their margins and the china stimulus was what helped intel, america flat, europe down – so it ain't all rosey which is why i don't buy it. Not going long unless we take out 957 on big volume.

  • annamall

    Gee that is uncommon for you! nice! 🙂

  • standard_and_poor

    AEven if this morning's gap is filled I believe we are still and will remain in a bull mkt. for the remainder of this year.

  • Osso

    spy still below 92.80

  • Squidman

    Looks like we get 27 ES today, woohoo!

  • annamall

    ouch anal bleaching!!! OMG Rotflmao! I can't wait for 957 to keep shorts at this point or I will lose too much capital.

    I am trading what I see now, now what I want for sure.

  • lester

    Yes I do as we push higher….

  • Count_de_Monee

    OK, the market can tank now that Lester's thrown in the towel (j/k Lester, I feel your pain too but I gotta take it with a positive attitude)

  • Ghostdog

    No question that is the direction we are headed, and the next dip (assuming we get one.. :)) should tell ya px and time. Everyone is invited to this party! Oh yeah!!!!!!

  • ropey

    i think 923/924 on the /ES is going to be the top for today

  • annamall

    Good call IMHO Lester, we may yet get another bear squeeze yet. 🙂

  • tal23

    A feeling Candle?
    Thats the first time I've heard one of those called by that name.

  • C C Rider

    Not giddy cause nothing is assured in trading or war. The bulls will win this battle, but I'm afraid the bears will return with a vengeance in the fall. Gotta be nimble and not married to any preconceived notion. Still holding 100 percent long and would like to sell at 950 for the bears “double top” which was morphed from the “Head and Shoulders” pattern!!

  • ropey

    Only prob is the media (techticker etc ) is now saying 1050 🙂 so now we go back to H&S? lolol

  • Squidman

    Coyotes will chew their legs off to get out of the trap but bears just lay down and die slowly. Plenty of 3 legged dogs around.

  • ropey

    r4 is 922 on /ES, r5 at 928 – friend says he's only seen that once in 10 years lolol…

  • springheel_jack

    Transports still need to rise over 5% to confirm the Dow top in May.

    Roughly that is equivalent to 970 on SPX. That still looks fairly ambitious from here.

    Even then it would be a very delayed and weak confirmation.

  • disrespekt

    how much more overbought is this thing gonna get??@ 30m RSI is 85!

  • Tom_27

    Osso,

    I think the real test will come when spy hits 92.9. 50 weekly MA stopped it before.

  • standard_and_poor

    I'll increase longs to 25% at nasdaq composite = 1815.

  • lester

    Mole,
    I am not holding overnight until we get a firm trend direction. That
    was my biggest mistake. I would be happy otherwise.
    Lester

  • annamall

    Can you say SPX 930?? Squiddy….Rocco is doing so well btw everytime I see your avatar I think of my baby

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

    out of FSLR/POT calls – UUP is way too close to 23.47 support, plus I don't think (that'd be a shame) that “they” want to pin FSLR to 155 (150 is good enough, huh?)

  • onorio

    Hello Rats!!

    I closed my EUR/USD this mornig at 1.4080 for a nice 200pips ride from 1.3880 since last friday, and right now i sold ES at 926.6

    I`m waiting for a retrace to 900 at least.

  • annamall

    That is for sure! 🙂

  • CandleStickEmUpper

    She was referring to my avatar name. But thats actually a nice name, as in “I see a feeling-candle coming on”

  • standard_and_poor

    OI love the bl00dy smell of anarchy in the morning:

    http://www.youtube.com/watch?v=C8szRgIcYlY
    long live johnny rotten.

  • Blind_Squirrel

    Katzo said it was not very painful!!!

  • Blind_Squirrel

    Katzo said it was not very painful!!!

  • Osso

    well…1st. let it go thru May 20th. top….

  • divergence

    or not!

  • Osso

    In BGZ 33.98

  • CandleStickEmUpper

    closed out my 5 long ES contracts for a big ass profit, then re-entered them again at a few ticks lower. Now im just whoring this tape. Making back all my losses from previous bulltart fever

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

    stay the course 🙂

  • ropey

    /DX right on the 200ema…

  • down_town

    Lester's Dead…..

    Where have I heard that before?

  • katzo7

    I am getting this 926 SPX as an interday top. Any comments?

    I tink anna is wrong, she said 930, hahahahahaha.
    MOOOooo.

  • annamall

    smart move, IMHO they may consolidate here before pushing even HIGHER…Could it be, yes it could.

  • annamall

    I just said to Candle, consolidate here and move higher to over 930!

    Moooooooooo to you! hahahaha

  • Squidman

    Thats wonderful. He's a smile for me too, always. Big bidders continue here and my volume trend indicator looks like nothing I've seen before. Could not be any more clear.

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

    Amen.

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

    easing up on /cl longs from friday (1/3 out)

  • katzo7

    You are wrong, how about if I win you post a more provocative avatar.

    Mooo to you.

  • TheKing

    This feels ominously like Sept 18,19 2008.
    I'm holding my Sept Puts. I bought them expecting thrash. I'm good.

  • innatedc

    You guys remember the scene in Forrest Gump with Lieutenant Dan on top of the shrimp boat's mast in the eye of the storm screaming “C'mon is that all you've got!!”….that's me.

  • http://www.mylifemytrade.com MyLifeMyTrade

    Here are bid/ask for GS Jul 150, 155 calls & puts

    http://screencast.com/t/JqVg4ngDk7

    If you buy any of those right NOW, you will likely lose money because GS gets pinned at 155. MMs are such experts – they move the price around in such a way and at such a pace that all 4 options will likely only lose value… unless you time the market to perfection.

  • Douala

    Saw on another web site someone asking about a good book on EW. Thought I would ask here first. Isn't this book…

    http://tinyurl.com/boqwqr

    referred to as the [EW] Bible by mole?

  • CandleStickEmUpper

    I think you may be on to something as lunchtime consolidation is nearing

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

    well, I might be born again bulltart if SPX will go above 930.17

  • innatedc

    I second that notion…..

  • annamall

    Remember the last bet we had????? still never got that 3 lb lobsta!

    but I will settle for you to eat Crow!!! moooooooooo

  • Squidman

    Guess these buyers did not see that. Turn your 5 minute off.

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

    have some mercy man, I cannot trade even with her present one!

  • annamall

    hehehe 🙂

  • nsysblh

    More provocative? I was looking at the chart a few minutes ago thinking we turn here (at 926.45) but wasn't sure. Now I'll actively cheer for it!

  • annamall

    Looks like a classic consolidation before another squeeze higher!

  • Anonymous

    You nailed it!

  • lester

    Hey I am down but not out….

  • Squidman

    If only this market were as fun as strip poker with Annamall, Fuji and Keirsten. The pleasure of losing would be all mine.

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

    that is what I use as an ultimate trade indicator- I imagine myslef stubbornly sitting in the wrong trade and the moment I say to myself “fuck it” – I OPEN THE REAL TRADE – work ALL THE TIME 🙂
    patience is a virtue

  • 1981er

    Short /NQ w/ tight stop for a scalp.

  • katzo7

    Hahaha.

  • onorio

    Don`t know if is the top but should be near.

    I`m getting the top @ 928, and i`m counting 5 waves up so i think were in for a 50% retrace…at 900 i dump the puts a switch to calls…

    We`re in bulltard lands and we might see 1000 next month rats.

  • lester

    lunchtime selloff starting…if I say back in short, will you all go long?

  • annamall

    Lunch time consolidation Katzo! You will have to eat some crow, or at the very least some MOOOOOOOOO's LOL

  • katzo7

    You will get your f**kiin lobsta, but I have to deliver it to you. I want it to be FRESH!!!!

  • annamall

    L=E=S=T=E=R careful looks like a classic consolidation 🙂

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

    just bot a ton of SRS at 19.48 wish me luck

  • ACJ

    hey, you can go from being wrong to being right in a few mouseclicks, after you suck the ego up and actually DO IT.

  • katzo7

    Nice style DAVID.

  • katzo7

    926 miss mooooo sayer.

  • annamall

    heheheh right you want to be FRESH! Not the lobsta!!! ROTFLMAO

  • itsgold

    going short here.

  • lester

    I actually agree. I am just watching/SOH etc.

  • wamo

    Yes, that's the one.

  • annamall

    Just saying…..:)

  • ropey

    just sell premium

  • springheel_jack

    I think you're right. Pull back tomorrow then more upside.

    However, let's not be too quick to dismiss the H&S. As Mole points out, we haven't broken it yet & it could still play out. Not this week though IMO.

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

    there are a lot of tdsetup sells on intraday for multiple stocks – the problem is – it does not say “sell” or “consolidation”
    I am adding shorts, flipping longs (mostly out of longs by now) – will admit defeat only on new highs on good volume (above 6/11)
    Thou I still have plenty of cash to saty afloat and to to get killed if market continues to go up. weekly downtrend channel is NOT broken, thou it is starting to look nasty

  • http://www.mylifemytrade.com MyLifeMyTrade

    Wish you luck – fuck luck.. I joined your camp – aug calls

  • katzo7

    I have to be clear here. What I said was VST top at 926, have to take stock after we consolidate. Lobsta on order but the fishermen are trying to find a special one for you, A RARE blue one.

    “I tink anna is wrong, she said 930, hahahahahaha.
    MOOOooo.
    Divergence on 5 min. MACD/stochs. I am saying 926 is VST top. We may shoot up again at EOD.”

  • ropey

    someone was telling me about a fun little rule to play – 5ma play – fire one up on the daily, you notice the market always touches it within a few days, very rare for more than 3 or more days it doesn't – so basicaly use that as another guide to determine potential move in an upcomigg day. this is day 2 so i'm expecting it to touch it tomorrow or friday…let's see if the theory works.

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

    /es 925.7
    SPY 92.83
    SPX 929.50
    are NOT broken
    I am adding to short positions – this is as great of R/R as it gets – risking 5-6%, gaining 20-25%

  • http://iberianviews.blogspot.com/ catracho

    where can i buy a talking head like in the video? that's what I've been missing from my mkt analysis…

  • onorio

    IMO we`re in for more upside, we probably started the last leg of P2 at 869, but im open mind and in position for the H&S… i just shorted ES @ 926

  • disrespekt

    I am…I am in Nov/Dec/Jan puts on some stuff, mostly CREITs and crap banks like ZION.

    My issue is that as vol continues to fall, computers necessarily take up a larger and larger share of the trading pie. They are making microsecond fluff trades…they do not care what 14-period RSI is, MACD, any TA indicator. Their job is merely to find bids, asks, and limits, and make a series of fluff trades to run price to that point where they can hit a bid or ask and then vacate the space to the original price point and then retrade against that.

    Consequently, there's no telling without knowing the algorithms in play, where the hell the market will go when program trades reach a majority.

  • 1981er

    Meh. covered.

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

    SRS is a good play – I am in from yest AH @20.07 – and I would expect on a day like today be down 8-10% and only down on SRS about 2.5% – ? HA – if I did not open QID – I'd be adding SRS
    no balls no money…hell with glory

  • standard_and_poor

    I'll be adding the following beaten up stocks as longs at nasdaq comp. 1853:
    BEAT (no pun), CPF, PCBC, STSI, AND MTXX.

    http://www.youtube.com/watch?v=b6Bv887-JlM

  • annamall

    Uhhhhh Katzo, looks like we are pushing back up…:)

  • lester

    OK I am thinking of converting….

  • annamall

    to what?

  • VirginiaJim

    What a memory. Then largest two-day rally in history. Afternoon of September waiting for the wife for dinner puts were finally becoming less expensive on the late afternoon market move up. I bought about 4000 contracts of 38 strike Oct QQQQs (QQQLV I think) for a bargain of $.64-they were selling earlier in the day for >$1.5. The next morning on the gap up I was THE MARKET MAKER purchasing those same puts for $.14!!!!!!!! When the dust settled, I had 9000 contracts (900,000 shares).

    On September 29 I was closing may position for $1.39-$1.79. That's the good news. Had I held til expiration they'd have been intrinsic more than $8. That's the bad news. Check out that math!!!! Never happen again.

  • annamall

    This looks like a lunchtime consolidation and then move to higher highs to really screw the bears…just saying…looks classical

  • lester

    getting the bull religion (just for today) no overnight holds…

  • Douala

    Thanks wamo!

  • zenith191

    I'll take the other side of that trade and we can then compare at the end of the year.

  • annamall

    Good luck Alpha! 🙂

  • lester

    been there…seen that

  • annamall

    smart move IMHO

  • 1981er

    Ugh. TOS didn't fill an order when it should have and I missed the cleanest bearish setup on /ZC… Anyone having issues with them today? I've been getting missed fills and I actually had to restart because it wouldn't let me cancel an OCO order.

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

    not to overlook that “they” are not putting their money to work today – it is bagholders money, today is bi-weekly inflow for 401Ks
    stock are hitting various resistances now

  • standard_and_poor

    Once we hit 1853 on nasdaq composite I'll add to longs on any pullbacks.

  • annamall

    ok I was just making sure, you can do whatever you feel is right, but no way I would add to shorts today, no way.
    We are getting ready to rocket up, we have been coiling up like a snake for an hour now.

  • lester

    watching for SPY double top short opportunity….just watching…

  • onorio

    EUR/GBP seems to be on a (c) of ii, we could see a nice 300pips down move in the next days IMO.

    I`m short since 0.8640

  • Lordted

    Hey Rotton – love that picture!!! You Brit

  • roncofooddehydrator

    I believe that as well. You can't let all those people who bought calls make too much money if they hold until Friday.

  • Ghostdog

    C'mon now, y'all “Get out there and buy some stocks!” I love this guy, I think I am going to talk to my estate planner and write him in my will! If he didnt look like a tubbier version of Drew Carey, I might tart myself up a bit and put the moves on him just to get that inside information on macroeconomics! LOL Keep talkin daddio I LOVE YOU I LOVE YOU!

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

    not to overlook that “they” are not putting their money to work today – it is bagholders money, today is bi-weekly inflow for 401Ks
    gimme your poor's money
    http://www.youtube.com/v/rYqF_BtIwAU&hl=en

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

    what Dennis Kneale reincarnated r u talking about?

  • LostIllini

    Kinda surprised how well the old VIX is hanging in there, I was expecting it to be down like 25% but no it's UP .64%, go figure……

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

    Had to add to FAZ too

    5 min $BKX

    http://www.screencast.com/users/alphahorn/folde

  • anotherone

    Well after watching that clip, two things pop out at me.

    a) Dennis Kneale is a clown.

    b) I'm glad I held onto my Sep SPY puts.

    Looking to reenter my Aug's at a higher level. It could easily launch higher today, this week and/or next week. But this is a case of a lot of amateur bulls mistaking a short squeeze for a rally. While it makes sense to drop out of short positions now, and even to take very short term bullish positions, this market is like a cliff diver climbing to the very highest point possible before diving off. That might be 950 or even 1000. Don't dare get caught holding bullish positions when the dive begins, because there will be absolutely no chance to get out.

  • Fujisan

    Hi, Jonny~~ where have you been?

  • C C Rider

    I think its funny how Geithtner is talking out of the left side of his mouth in Abu Dhabi about a strong dollar policy! They're winking at him saying, Yeah, as long as the $ is tied to oil, print away. We get higher prices from your citizens for our black gold.

  • C C Rider

    I think its funny how Geithtner is talking out of the left side of his mouth in Abu Dhabi about a strong dollar policy! They're winking at him saying, Yeah, as long as the $ is tied to oil, print away. We get higher prices from your citizens for our black gold.

  • annamall

    Guys check this out the JULY SPY 95 strike calls

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

  • katzo7

    But look at the divergence showing up, this is the last dying breath of this move for now. That new sexy avatar will be amazing, cannot wait!

  • Fujisan

    Why do we recognize him?

  • Ghostdog

    Dennis Kneale…. I couldnt have propagandized it better if I tried.

  • springheel_jack

    SPX 926? We haven't reached ES 926 yet.

    We may well see some more upside today. i'd be surprised to see us take out SPX 932 today though.

    I'm short from SPX 925. Planning to add more if we push higher.

  • DarrenDeluxe

    Sanity check: So last week CNBC had a 24/7 watch party for the dreaded head and shoulders and everyone was yelling 'get short stupid'. Now, after 4 straight weeks down, we finally move back up and we're back to 'get long stupid' and some emotional 'recession is over' watch party sponsored by the fighting Kneales @ CNBC.

    Please tell me you see the pattern.

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

    I have different trading account
    if I thing major turn is coming – I open position and don't look at that account unless I get and email that stop has been hit
    another account for swing trades
    and yet another for day trades only – keeps me focused.
    as for “have I held…” that is something not to worry about – we only know in hindsight, we have gains we want to book them, so many times we say prfits turn into the losses right before it would turn again and make millions…but it is not always turning – it it ? 🙂

  • DoubleNaughtSpy

    FAZ seems to be the limbo champion. It's about to break it's all time low ($41.80).

  • onorio

    Hey Fuji are you still long EUR/USD?

  • katzo7

    I really do hope it hits 930 now, I have made a bet that it would stop on this VST run at 926. My bet is to kiss anna's ass and I don't know who gets the better end of this deal!

  • annamall

    Hahahaha we shall see who is right won't we??? you know better than to bet against me!

  • ckeltner

    There is larger open interest at the 90, so that really means nothing since you can just take it as large bets in both directions.

  • Me_XMan

    Bought SDS $54.

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

    hahahah you are too funny!!!

  • Lordted

    I'd know that ugly face anywhere… LOve the Pistols… Really shook up a dull music scene in UK

    Sid Vicious was the best

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

    hey, at least they meet today!
    FAZ & FAS 🙂

  • onorio

    SPY new high with neg/div…top should be close

  • annamall

    No the 90 has only 104,000 and the 95 has 184,000

  • Fujisan

    a=c pattern completes at 930 for ES.

  • Leon

    on June 11 several sectors did not confirm new highs in the s&p. today again several sectors are currently not confirming session highs: XHB IYR IYT SMH XLY RTH

  • katzo7

    Start revealing girl.
    Hahahahah Mooo.

  • ckeltner

    Larger OI on the put side at 90

  • springheel_jack

    The RSI on the 60 min is now more overbought than at any point since the rally began or indeed the beginning of the year.

    We are really very likely to pull back tomorrow. I'm short from SPX 925 and adding on any further strength or at EOD.

    Lester, don't go long here!

  • Fujisan

    Thanks, Onorio. I completely missed it. Great job!

  • Ghostdog

    Now, thats not nice… Lets not discount the importance of clownsmanship in building an upsidedown pyramid that will be easily tipped in the fall 🙂

  • lester

    I may add some shorts at the top today. Which means I should have added them about 10 minutes ago.

  • annamall

    oh that's different 🙂

  • Fujisan

    Yes, I am. Did you go long yesterday?

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

    as “so many traders will be wrong”? 🙂

  • onorio

    Thank yourself Fuji, if i`m looking at currencies is tks to you 🙂

    I`ve close my EUR/USD longs from friday this mornig for a 200pips profit.

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

    OK, I had enough of that nonsense – time for 1PM selloff, lets go!

  • ckeltner

    You can't just look at one side though and call that as the directional target saying the bet is on 95 because there is a larger bet that its not 🙂

  • lester

    maxpain is 91 and that should take into account all the calls and puts

  • springheel_jack

    We may well push a bit higher from here.

    I'll be adding shorts at EOD or ES 928. Fujisan's suggesting ES 930. Mole's line in the sand is at ES 933.

  • TheKing

    That's an awesome story. I'm glad to hear other speak of it so fondly.
    Good times.

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

    they drop the good news overnight, market pops and they distribute all the day long
    poor bagholders

  • Ghostdog

    Thanx Amity, a lot of people didnt catch my overwhelming sarcasm on my Dennis Kneale posts and it drives me crazy that I am associated in anyway with that fool. I Appreciate the love and also because I am so filled with treacle, I award you my greenshoot of the day honor… UG

  • Cerebro82

    VIX is up over 1% today.. I am about 75% short at this point. I expect a drop shortly

  • katzo7

    Ok the bet is if we hit 930 I kiss anna's ass.
    If we top at 926 right here and retrace, I kiss anna's ass.
    These are short term calls, now to 3 pm.

    MACD crossing on the 15 min.

  • rhae

    Right, enough is enough… my SPY 60m fib timer suggests getting very toppy… so the pettering out should begin with in the hour, could, might, maybe, maybe not…
    http://screencast.com/t/yNLi9olnTZ

  • annamall

    Well then if the market hurts the most it can, it will hurt the 90 put side right? I am definitely a bear, but will not trade against the grain right now 🙂

  • annamall

    I HATE DENNIS KNEALE he is unbearable to even listen to, much less watch uuuuugggggggghhhhhhhhhh!

  • Blind_Squirrel

    And if he loses he has to kiss Mole's ass, oh, no wait,
    nothing would change then!!!!!!!!!!!!!!!

  • annamall

    seem to me you win either way Katzo! mooooooo

  • Keirsten

    Just mentioned that to Mole- I'm seeing a boatload of institutional transactions that hasn't been present lately.

  • annamall

    If Google pins @ 440 I will make back 50% of my losses the last month. 🙂

  • Coldwarvet

    You say that like it's somehow losing something. Isn't that kind of “heads I win, tails I win?”

  • onorio

    I`ve close my EUR/USD longs from friday this mornig for a 200pips profit.

    Top of triangle line is near, i will reload at 1.3890-1.3900

  • katzo7

    This is goin be good, I think I will win.
    LOL

  • VirginiaJim

    Yup, lots of thoughts. “Never let a winner turn into a loser.” “Its never a mistake to take a profit.” I'm happy with the money I got and stashed it safely away in several FDIC insured CDs making next to nothing. But its as safe as can be and immune from my “risky speculating behavior.”

  • anotherone

    Yeah. I'd never actually seen him before. I would venture that his main reason for being on the air is to entertain.

  • divergence

    List of people that I follow and respect as traders that (claimed to be short going into this Monday)

    Atilla/Sol;
    Tim Knight;
    IYB — Trader's Talk — Seven Sentials Sell May 12 and reconfirmed mid June
    Zoroprob — Trader's Talk
    NAV — Trader's Talk, but had closed 1/2 his position for 71 pts since June top. But then he went short again around 900 yesterday.
    Many other rats on ES, (which I consider my home blog, though I post infrequently)

    I know that we should stick to our plans and not listen to others but I think as a group, the above traders would definitely not be a group that I would fade on a consistent basis. Who are we fading? Cramer; CNBC jokers; mutual fund managers who are probably buying millions of shares as we speak; some hedge fund guys, (when I read back in May on ZeroHedge a delayed copy of Dan Loeb's letter sent out to investors that said we are through shorting for the time being; we are moving into what we feel are good strategic positions at this time) I mean, WTF? Do we just continue to ignore this and fade his ass too?

    I think a lot of the problem is that we want to seem “smart”. We know the economy is toast right now. We know this market is a fucking ponzi. Bullz = dumbass with no chart saying the market is going up or talking about some remedial level TA like golden cross. Bearz = smart folk with all these charts that look like Jackson Pollock's saying why the market is going down.

    We are sitting back looking for some hanging curve on the inside part of the plate, and the bullz are blowing 90 mph heat right down the middle on us over and over and over again. We need to choke up on the bat and start sticking 'em.

    I do believe that all this bullshit will have catastrophic consequences and this ponzi market will crash again for real, I just don't know when, I not nearly sophisticated enough to try and predict that.

    I believe we will get some relief from this rally in the short term pretty soon.

    Positions: Long CHK: 17.9 (10%); Short QQQQ 35.1 (40%; been holding since May)

    Just laid off a bunch of stupid stuff that had charts I liked; and that I bought at the close yesterday to try a hedge against days like this. Some of the things I bought yesterday were: PWRD (5%) GNW (5%) and CYOU (5%). Note: all of the ponzi Chinese bullshit like CYOU that Roth Capital pushes will eventually have its days like American Dairy did Monday and will eventually go the way of the tech bubble; but for now its free money.

    I am only holding CHK and short QQQQ right now.

    Late.

  • annamall

    APA in 75/40 call spread, that one is working nicely
    I got in yesterday morning.

  • itsgold

    Not to be too biased to the bear side, but did anyone catch that article on Zero Hedge about China's Bubble bursting at the end of this month?

    reference:
    http://www.zerohedge.com/article/thoughts-chine

  • katzo7

    No, I WILL be in pain theoretically if I lose. HAHAHA

  • annamall

    NOT consolidating to move to 930! heheh moooooo!

  • annamall

    Hi K, which kind of transactions Bullish or Bearish? 🙂 thanks

  • lester

    Mole – feeling good about being out of my shorts…

  • annamall

    He is so gross, I am sorry, but the part that makes him so gross, is that he is so arrogant and obnoxious! and strung out on Redbull so he is always too loud! 🙂

  • Cerebro82

    Plus 927 is the top of the b of W… Will add the other 25% at the top of the X (if we get there) wave for the last impulse down before the final ZZ to complete the triple zig zag.

  • ropey

    Anna, not sure on 440 myself – if GOOG stays here when they report, they're like to goto 420 or 450 ? They're baking in a 7% move so far, will recalculate again right before earnings. There seems to be a significant OI around the 450-460 mark ..it's also run 45$ in about 7 days which is alot into earnings…
    We'll see, right now i have a list of guys on earnings, all of which have gone up – so basically wall street has underestimated yet again by lowering the bar so much for this quarter for various companies and this quarter is traditionally google's weakest so we'll have to see….my bet would be 430 if i had to pick a strike…( bear in mind 420 last time )…

  • annamall

    Sorry Ghost, he is NOT funny at all.

  • BigHouse(Aka Mr Vix)

    It seems that he talks about bloggers hating him the last 10 or 5 minutes before his show ends…8:50-8:55pm. Seems he talks about ibc site

  • gannsecret

    More gann numbers
    Today is 90 ( 1/4 of the circle) trading days from 3/6/09
    90 X 3 is 270 + 666 = 936 (3X1 angle)
    Today is 131 calender days from 3/6/09
    131 X2 =262 + 666= 928
    Today is 161 Traders from 11/21/08 (1.618)
    Next resistance band 931-933
    and 1 X1 angle from high 956- 23 days= 933

  • Blind_Squirrel

    Beige book @ 2:00

  • annamall

    460 would be good! then I still make max reward. I am hanging on to my BF through earnings. I believe last quarter Google hardly moved.
    The IV says they are not looking for much of a move, but you never know.

    I say 440, but could be 450. I would love 460!

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

    Sup guys,

    Sorry not posting much lately, but here what I am looking at and expecting.

    http://eminitrends.blogspot.com/2009/07/line-of

    Comment and critics are welcome.

  • Ghostdog

    Entertain…? All my knowledge comes from CNBC… Sh*t, thats like finding out there's no Sanity Clause. I may have to change my whole Macro picture now….

  • Ghostdog

    Entertain…? All my knowledge comes from CNBC… Sh*t, thats like finding out there's no Sanity Clause. I may have to change my whole Macro picture now….

  • annamall

    Good chart TW and good to see you! 🙂
    that's what I am seeing too 930!

  • Lordted

    Are you loking at September ES or Continuous?

  • annamall

    oyh vaah! 🙂

  • CandleStickEmUpper

    that will cause some turbulence up or down

  • BrockSampson

    Think im going to my Alcoholics Unanimous meeting!!:(

  • ropey

    hmm well i've been hold a calendar since 400 lol thankfully calendars rock into opex so not getting too bitten by this ludicrous move. i thought with a BF though you had to hit the middle string 420/440/460 to make max reward otherwise you just get breakeven at the end of the wings?
    I really hate BF's lol never had one work yet

  • Douala

    Chart of the $VIX [i min] along with the S&P.

    http://tinyurl.com/l36ybv

    Notice how they have both been raising since the opening bell. To me that looks like a correction is in the making. Comments?

  • Ghostdog

    Anna, you havent gotten my extreme sarcasm yet, have you… LOL To be clear… Id like to beat him senseless with Perez Hilton's Training Bra

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

    Sup guys,

    Sorry not posting much lately, but here what I am looking at and expecting.

    http://eminitrends.blogspot.com/2009/07/line-of

    Comment and critics are welcome.

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

    Good to see you and showing off you 😛

  • C C Rider

    Will the REAL Head and Shoulders please stand up?

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

  • katzo7

    I agree divergence and I offer this chart for everyone's perusal. Look at how this oscillator is working, seeming to spend an equal amount of time on either side. Now, my theory is the “bad boyz with good earnings” do considerably better when they whip saw the crowd, remember our indicators are not working so well lately BUT theirs are. Also there is the light volume that mole discussed. Now, do you make more money where everyone is in gear and their indicators are firing off, reliable, and protecting their profits, or with uncontrollable whip saw? I do not think the EW5 straight up shot on the DAY will be such easy straightforward task.
    http://www.screencast.com/users/katzo7/folders/

  • bist

    That's what I've been counting on. But the daily stochs aren't overbought yet coming into today. I'm wary of the daily stochs flatlining above 80 like the 60 min stochs are doing right now meaning a few more days of chop around 920-930 range. That would hose all those 90 put and 95 call buyers.

    Still the candles look like they're rounding off on the hourly and I'm still a little optimistic about a drop tomorrow to 910 area.

  • Fujisan

    I'm only looking at an hourly chart for the past 3 days, so shouldn't it be the same?

  • Fujisan

    I'm only looking at an hourly chart for the past 3 days, so shouldn't it be the same?

  • BigIslandLife

    oh so now your kosher LOL

  • Fujisan

    That's what I am looking at, Waffle.

  • 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„¸

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

    well, T.K. got miraculously stopped from short positions on Monday open – love that man behind the curtain.
    As for “economy is mess” – yes, but save us God to trade based on economy's state – dollar might continue going down and stock market will be going up (even thou real value of equities will be going down)
    Thou dollar (UUP is real close to support now – we'll see some nice downside next week…me think and me really biased – I closed most of long positions today – hedged accordingly last week)

    I think trading for a living guy shall not really listen to ANYONE – just have a plan (even if a bad one – exit routes will be better thought out) and stick with it, minimizing risk, hedging, trading around “concept positions” – that all that game is – not being right, but making money.
    S I think of myself – I am a whore of the market – I'll do what market tells me to do and I would not care less of being bull or bear.

    It is always darker before dawn…

  • Douala

    TW

    Good to see. +1 on those charts. Good TA!

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

    what is FOMC?
    Damn – forgot about that crap, thank you 🙂

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

    just wondering – if I say “oy vey” – it is NOT kosher?

  • annamall

    ooops I meant 440 not 460, sorry 🙂 I will see what happens on Thurs. evening and decided when to close, but probably on Friday at the open. 🙂

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

    good to see you, hope you doing well!

  • molecool

    Just coming here to pimp your blog?

  • annamall

    hahahah 🙂 sure.

  • annamall

    😛

  • molecool

    Just coming here to pimp your blog?

    BTW, I posted that this morning…

  • molecool

    I know you are.

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

    lol do you think i would do that? I posted the chart today after weeks. Was just busy understanding the market. but I do reply to your Evil emails. 😛

    Of course you posted before me I am still on level 1 experience you are well over level 100 when it comes to experience.

  • Lordted

    You are right… My software has a lag… Just kicked it!!

    S&P INDEX is about 3 pts higher..

  • Ghostdog

    Due to my utter disdain for 99.9% of all media, I have to post this as some of you are not getting my sarcastic barbs at “Dennis Kneale down and die”. To be clear, he needs to be beaten senseless with Perez Hilton's training bra and I want to be first in line!

  • Squidman

    I was wondering where you got 17 from. Can we please consummate ours first? That wouldn't interfere too much with yours.

  • Osso

    why is the VIX green…!!!! ???????

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

    done it many times – ego does not make money and desire to be right is a quick way to poorhouse (I don’t know if I felt sarcasm 🙂

  • standard_and_poor

    I've been here just didn't have much to say. Thanks for asking though Fuji.
     

    ________________________________

  • standard_and_poor

    Better rotten than vicious.
     

    ________________________________

  • standard_and_poor

    I've been here just didn't have much to say. Thanks for asking though Fuji.
     

    ________________________________

  • standard_and_poor

    Better rotten than vicious.
     

    ________________________________

  • standard_and_poor

    Done.
     

    ________________________________

  • standard_and_poor

    I may be rotten but I'm not bearish. 

    ________________________________