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Be Afraid – Be Very Afraid!!
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Be Afraid – Be Very Afraid!!

by The MoleMarch 17, 2009

UPDATE: 10:16am EST: Okay, let me attempt to visualize once more the type of tape we are facing in the coming days:

Close enough. BTW, this is an accurate depiction of the average market maker during OPEX week. Whipsaw galore – and if you ever had the pleasure of dipping your foot into the wrong end of a woodchipper then you know how trading this environment feels like.

Welcome to the chop zone from hell – actually, we’re not even in it yet but it’s already starting. Just watch – it’ll get really bad after we pass 749. There’s only two ways to trade this – long term or very short term (i.e. swing or day trading). So, pick your poison or – better yet – stay in cash and wait until we’ve passed this mess. I actually just sold some futures contracts and will hold them all the way through. I would not want to play this with options as I probably would incur theta and freezer burn at the same time.

Seriously now – there are many ways how this can play out. Maybe Minor 4 ended yesterday – maybe we’ll buld a triangle of some sort and maybe we put in an ending diagonal.  Who knows – we’re at the end of a Primary wave and anything can happen. If you are new to futures I usually recommend trading the NQ, but looking at the action in the $COMPQ and NDX I am not sure if that’s the right policy – it’s been acting… well…. difficult as of late – almost petulent. So, I’m am playing the ES (S&P e-mini futures) but remain in high alert mode over here. My exit zone is about the 760 area – if we push past something else is probably going on.

I know – I know – this is not a real channel – more like a gentle guide. But it’s worth observing that we are breaking the trend of higher highs and higher lows. I do think that the peak of Minor 4 is in at this point. However, if we consolidate and then breach yesterday’s highs our line in the sand is the 61.8% fib line around the 80 mark in the Spiders.

UPDATE 12:55pm EST: I swear – jing is a turd on OS X – keeps crashing. I have been trying to put this chart together for 10 minutes now:

This thing uses up a gig of memory on my system – I need a jing alternative until those wankers finally fix these problems. Anyway, this is looking either like a 3rd wave to me or the end of c. I think we’ll know fairly soon, as we have overshot equality with wave a. Either we drop down hard from here or something else is going on – the conclusion of the latter would most likely be the breach of yesterday’s highs.

So, let’s just see and watch the tape before we jump to conclusions. BTW, what the heck happened to DLTR? It was all going so well yesterday, dropping nicely and minding its own business and today this mofo shoots up like a rocket. I hate these kind of weeks and if it wasn’t for your Zero subscribers I probably would have taken the week off.


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 the usual social media waterholes.
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  • http://www.tradingsign.com/ T. Waffle

    Do i need to put on my crash helmet?

  • http://www.tradingsign.com/ T. Waffle

    MACD

  • BalaB

    “I’m am playing the ES” –

    I'm tempted to just play the YMs. They've been moving in lock step with ES. At 5$ per pt. you can't go too wrong.
    Otherwise, I may wait for another sand box to play in.

  • poopsquad

    Warning – long wordy post – Today’s price action appears pretty neutral so far. I am short and do think we break lower fairly soon. On top of imcomplete charts, bullish sentiment is too strong and there was zero capitulation at the bottom.

    Banks have led the rally behind the MTM changes and Citi and BaC proclaiming operating profit. John Hussman (very smart dude and fantastic fund manager for long-term money IMO… http://hussmanfunds.com/wmc/wmc090316.htm ) puts it very well – “Meanwhile, the excitement of investors last week about Citigroup posting an operating profit in the first two months of the year simply indicates that investors may not fully understand the term “operating profit.” Citigroup could burst into flames while Vikram Pandit sells lemonade in the parking lot, and Citi would still post an operating profit.”

    Secondly, credit has strongly underperformed this rally. IG11 (investment grade corporate bond protection index) is trading 240 bps this AM. Got to 260 at the lows. Feb 22-25th when we were last chopping at 750 SP, was trading 212-218. Was as tight as mid 180’s in early February. Similar story in CMBX. Most believe (and I agree) that credit is pretty fundamentally cheap to equities (for several reasons), the fact that credit isn’t coming along for this ride is very suggestive to me we aren’t yet ready for a sustainable move higher……..

    On a side note, the price action in longer-issue Treasuries has been choppy to an extreme. The chart is a complete mess. Not sure what to make of it, but I still expect a flattening rally on the horizon on the back of possible Fed buying and renewed deflationary worries. I like staying short TBT but will stop out if 10’s reach 3.00 one more time.

  • lester

    Erikd – do you have a plan for XLF today. A am long FAZ March Calls since XLF of 8.00 this morning. Getting very afraid.

  • C.C. Rider

    Mole,
    I think the MM's read ur 760 comment! LOL! Those bastids.

  • katzo7

    IMO, time will heal this slight run up.

  • http://gemstowear.etsy.com Jan

    Erik wrote last night that 8.70 could e the line in the sand.

  • Susannah

    I used to only do YM. I liked it, and am thinking about going back to it. I liked the tighter spread, like you are mentioning, although it works out to be about the same amount of money per percentage move, and the fact that I could have a screen up with all the components of the Dow up to evaluate quickly.

  • alphahorn

    FAZ is likely just forming the right shoulder of an inverted H&S, expect it to retrace to the upper 38s, 39 range then move to its target of 50-51

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

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

    Looks like a possible H&S formation on 5D5M chart on /NQ and /ES

  • Fujisan

    I really like the price action here – this supports H&S pattern and I expect the market to go sideways through OPX. If you know how to play with time decay, OPX is the best week to make money quickly just by sitting around.

  • salvadorveiga

    mole, as i understood you sold ES, so you're short correct? i'm also gonna let this thing pass thru… im swinging for the fences, still short… average price 757

  • lester

    Wow, I really goofed up and note a target of 7.70. Wishful thinking I
    guess.

  • gusrock1414

    Retail names beginning to look like good entry points for shorts. Specifically, RTH trying to get to $70.

  • BigHouse(Aka Mr Vix)

    zzzzzz

  • http://www.investingwithoptions.com/ steveplace

    If you're so worried about theta coming out of your position, you could get into some different strats besides just buying directional puts/calls. Calendars, condors, and selling verticals all come to mind.

  • katzo7

    Close, so so close.

  • annamall

    LOL

  • Douala

    ErikD

    Saw this in a newsletter this morning.

    “There was a small change in the McClellan Oscillator Monday, up 11.46 points, suggesting a larger price move is coming either Tuesday or Wednesday.”

    Do you think your 7 indicators will tip you off before this happens? [assuming it does]
    Thanks…

  • jabber

    Or just sell some naked atm options and keep rolling them up if the underlying moves up one strike on you, just make sure when you roll it up you do it for a credit, or else it defeats the purpose of the strategy.

  • http://www.investingwithoptions.com/ steveplace

    Selling calls nekkid is good provided you have the testicular fortitude and the cash available. Don't agree with the “rolling” part, though. That strat works provided the time decay makes up for the delta move against your name… and that can get you burnt in a trend.

  • http://www.investingwithoptions.com/ steveplace

    You noticed that price pattern too? I think it's called the “lets-fart-around-until-some-economic-data-gets-released” pattern.

  • BalaB

    LOL…You're much smarter than I am. I just trade the price action and call it a day.

    : )

  • katzo7

    Everyone ready for some big down candles?

  • Squidman

    Time for Mole to go out for breakfast IMO

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

    Give it me baby aha aha.

    Give to me baby aha aha.

  • roncofooddehydrator

    Things are still looking good for FAZ. It bounced off the bottom of the bollinger bands on the 5 minute chart and appears to be headed up again. CCI and MACD both still pointing to positive territory on the 2 hour chart.
    http://screencast.com/t/Ua9HBEPF

  • jabber

    Well yes, but take for instance you sell GS 95 calls right now. If GS goes to 100, you sell more 100's. All you need is for the damn thing to close below your final strike by Friday and you take all the money. Just be ready to have a lot of spare cash on hand in case of violence to the upside.

  • LostIllini

    Can't we Lester twist in the wind some more?? If we must, now back the truck up.

  • malusDiaz

    Based on a max pain of Spy = 76, were already there.

    +/- 1% gyrations for the next 4 days would piss off everyone except the MM.

    Can always stay flat, and most likely thing to happen, given max-pain.

  • pricey

    where did you see that coming? Good call

  • ablebonus

    Is this the inverted H&S you are looking at? This 20 day chart may give us a roadmap if the right shoulder continues to look like the left. 742ish important.
    http://www.screencast.com/users/ablebonus1/fold

  • katzo7

    You guys ready?

  • Osso

    the bullsitos will get burned again……by bullsitos I mean all those pumpers ……no real bull out there…just manipulators…..interventionists…..

  • Fujisan

    I would never take the positions with limited reward and unlimited risk. Bad idea.

  • katzo7

    Where? Or when?
    Where, in the charts
    when-now

  • BigHouse(Aka Mr Vix)

    H/S in XLF. Neckline 7.90

  • workdog

    <<Counting seconds 'til Mole complains about useless banter in post section. >>

    Long idea – Buy ERTS on break of 18.00
    RIO…stop below $13.00

  • katzo7

    Who is ready?

  • BigHouse(Aka Mr Vix)

    Still short SLV.Burn this metal to $9

  • katzo7

    No, unless you are long.

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

    I am short. /NQ and Long SRS.

  • molecool

    Valid – but not my cup of tea, Steve. I just can't get myself to trade those.

    Noobs: if you plan to follow Steve into the abyss make sure you sell condors, not buy them – as we expect an increase in volatility.

  • alphahorn

    XLF has a couple of support areas, one at around 8, then 7.87, over the more intermediate time frame look at the giant inverted head $ shoulder it might be putting in once it falls to the 6.85 – 7 range it would have a target of over $11. Could get interesting in the coming days.
    http://www.screencast.com/users/alphahorn/folde

  • Ed

    Hmm, the lows for the Dow/SP/NDX have all been getting higher today. The highs on all three have been getting lower as well. Pretty soon we'll oscillate to flat line (which I'm sure the MM would love). . . Might have to call it quits soon.

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

    +1.

  • TexEx

    Second the notion

  • b_rad

    Do you trade double diagonals?

    fFollowing up on mole's comment right below. – what strategies do you employ when you are expecting a rise in volatility?

  • lester

    I am in a house of pain today. I got overconfident after a good day yesterday.

  • alphahorn

    there's been an interesting dislocation between steel and copper. the steel companies have been getting barney franked, while until today at least copper, via FCX has been everyone's favorite long. is today's breakdown of FCX a portent of things to come for those who were suddenly bullish on the economy and the economic near term outlook???

  • Fujisan

    For those who don't understand Mole's comment above, there are two ways to have condors – one for combinations of debit spreads and the other for credit spreads. He says to have condors with credits spreads.

  • C.C. Rider

    A break of 760.53 will fire things up.

  • Fujisan

    Yes, that's exactly what I'm looking at and 742 is my shoulder target. Thanks.

  • LostIllini

    We are slightly above the 5 day support line and the Stoch's are saying we are getting way overbought. We breach that support and down we go. Relax Lester we got 3 and one half days before opex, a virtual eternity.

  • BigHouse(Aka Mr Vix)

    Selling more FAS. 5.07

  • roncofooddehydrator

    Who is your broker? Mine never has FAS/FAZ to short….

  • alphahorn

    where's everyone today? already drinking guinness or green beer???? hey, my name's Pat and I'm still working, wtf

  • malusDiaz

    Mole just get's their Memo's =)

  • BigHouse(Aka Mr Vix)

    ameritrade

  • LostIllini

    My understanding is that we have all day friday and they settle on saturday, your mileage may vary.

  • BalaB

    I, for one, am having THE best time. (end sarcasm)

    Sheesh,,,,,,,,

  • jigdaddy

    whats up w/ volume today…looks like it dried up quickly or is this lunch time crap…

  • jabber

    Yes, equity options expire Saturday, Vix options expire tomorrow. I can't comment on Futures options, I don't know, I don't trade them.

  • LostIllini

    This is what I'm seeing on SPY….. Without a big push from the bulls the mini channel will be breached on oversold conditions.

    http://www.screencast.com/users/lostillini/fold

    (I hope I did this right)

  • DMS425

    I thought Ultra were non-marginable? Ameritrade lets you? I need to switch brokers.

    Why do you short FAS and not just buy FAZ? Does it make a difference….

  • molecool

    Exactly – so, this basically would be a bear call spread + a bull put spread.

    2+

  • alphahorn

    it there in FAZ, yesterday was it's biggest volume day ever and it's on pace to top that. 19mm already

  • faafa

    On TK's list of short ideas is FCX, stop at 38.44.

  • xyz

    Day before FOMC often subdued, yes?

  • DMS425

    Hussman is “THE MAN”!

    +1

    His total return fund is a great place for scared money (owns lots of TIPs), and the Stategic Growth Fund will save your ass if this things tanks again. I first bought his fund in 07 and then right at the top. I am down less then 8% from the top and made some money on the first purchase.

    My IRA loves John Hussman!

  • xyz

    Brilliant graphic on this post, me man!!

  • LostIllini

    Bailed out breached the mini channel into the main channel.

  • BalaB

    WHOA HO HO!! This action sucks

    LOL

  • BigHouse(Aka Mr Vix)

    Shorting more FAS. These are day trades. Damm thing keeps pushing up. Looking for a pull back. I hope

  • innatedc

    I think XLF bangs its head here in the 8.27-8.30 area….its a 50% retracement from yesterdays high to today's low…..head back down…..we'll see so lets watch.

  • alphahorn

    Might just be the last opportunity to buy FAZ on sale for a bit. It's about finished putting in a classic inverted H&S, should start its rebound soon

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

  • Erikd

    top for the day is being completed and we start within the next hour heading down to the lows…

  • thunda72

    SPY's coming up on a 50% RL. I'm still riding some calls left over from yesterday. We'll see if we can bust through. I'm still slightly bullish short-term, I think 800 could still be in the cards. That was my original game-plan, and I'm sticking with it!

  • Erikd

    SHORT NOW!

  • innatedc

    I do concur…..

  • Paxromanus

    @onthemoney while we wait for wave 5….some quality updates (especially the 1st one)
    Maximus

    http://4best4worst.wordpress.com/

  • BalaB

    I was just typing we're pretty extended from the mean (short term) on the futures.
    Certainly don't want to chase in this market.

  • Douala

    That why you are known as “The Prophet”

  • de3600

    I cant hear you 🙂

  • GDII

    good idea. let me put in 2 orders to see if they can be filled faster.
    in my previous experience, it is extremely hard to get those multi-leg (>2) combo filled.

  • jigdaddy

    everytime i feel max pain…seems to be the top 🙂

  • Erikd

    SPX lows of 666 will be taken out by this FRIDAY!!!! SHORT NOW>>>

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

    very boring day.

  • alphahorn

    MOle you liking what the YEN is up to 🙂

  • joe8888

    SRS .Forming a Inverse H&S, Should close out right shoulder now,if we cross the neckline,

    Target would be 85 ish. Something to watch !

  • Squidman

    I think they've roped about as many bulls as they can on this move

  • BlackSea

    Erik,

    what do you see in the trend that creates such a fast downfall?

  • molecool

    TOS allows you to put them in as a complete strategy. What are you trading with?

  • peterey

    Erikd,

    I learnt to respect you but I have to say that this is a very bold call.

    I see the resistance above current levels on XLF and SPX, , but Eur/Usd and Vix are not cooperating.

    What makes you say 666 will be taken out instead of just saying something like “top for today could be in”.

    Not a critic, just a question,… I have a big potential loss on this short trade and need to be careful on any move.

    Thanks.

  • Squidman

    There is that pretty divergence again

  • joe8888

    on the 60 min Chart,,,sorry..

  • az

    I assume you're using the 8.27-8.30 area, where we broke down yesterday, as the cap band, correct? I had been keeping an eye on it since this morning. Though for any H&S fan, if XLF goes up to 8.38ish
    then it finishes a nice H&S pattern on multi-days chart, but I learned the hard way that H&S pattern is 50/50 at best on predication value.

    Thanks!

  • molecool

    I'm looking at my AdSense account and all I have to say is: Obey, rats, obey!!!

  • molecool

    Yeah – I got out that yesterday – not a day too early….

  • Trav

    This tape is only mildly preferable to having root canal work or watching reruns of “Dr. Quinn, Medicine Woman”

  • molecool

    PLUNK! hehe

  • az

    I love the CAPS call!!!!!!!!

    (ok, I am biased since I stole tons of dough from the market by following the infamous CAPS call last time LOL)

  • salvadorveiga

    what makes you think that?

  • lester

    he gets kicked in the face every night from what I heard

  • alphahorn

    good for you, i'm still holding the bag

  • jabber

    XLF has a H&S on its 5minute, spanning the last 3 days.

  • salvadorveiga

    those are pretty bold calls… what makes you think that? acutallly this consolidation today is making me nervous…

  • http://gemstowear.etsy.com Jan

    FWIW….Baltic Dry Index down five straight days.

    3/10 2298
    3/11 2271
    3/12 2271
    3/13 2271
    3/16 2058
    3/17 1974

    Can't find a chart.

  • alphahorn

    this Friday!!!?? why so soon, with this 2 day fed mtg. don't you think that'll slow things down a bit?

  • Squidman

    his fat and psychopathic wife no doubt

  • lester

    I don't need no education about Barney

  • BalaB

    what can I say, Sal? I'm a bold kinda guy.

  • jigdaddy

    that would definitely save my ass…kudos to you.

  • GDII

    oh i see. u guys are talking about spy. i am trying to trade spx. multi-leg combo of spx have very big bid-ask spread. that's why i have hard time to get filled. i am changing to spy now.
    i am using ib, because it is cheaper 😀

  • joe8888

    Great article ….Nouriel Roubini on CNBC Yesterday…

    http://www.rgemonitor.com/roubini-monitor/25599

  • geckoman

    Don't see it I see a normal Head and Shoulders pattern in the making but not inverse.

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

  • geckoman

    “Wife”? You sure wife? You do know right?

  • Douala

    BalaB

    Did Sweeties 2nd ErikD short call ???????

  • salvadorveiga

    can you ellaborate please ? thaanks

  • BalaB

    Yes Sweet Douala BUT
    they're two separate systems……i.e. grain of salt

  • Douala

    Thanks

    😉

  • Squidman

    Oh I am quite sure he is the man and s/he is a real queen biatch–not that there is anything wrong with that…..

  • Smeagol

    /NQ seems to lead again the down trend.

  • pat mcneill

    You're the Cat's Pajamas.
    Thanks muchly for the posts.

  • http://gemstowear.etsy.com Jan

    Yawn…..zzzzzzz

    New American Tea Party
    Send a teabag on April 1st to:
    1600 Pennsylvania Ave.
    Washington, DC 20500

    Yes you can!

  • BalaB

    It may be time consuming but I like to count how many of the heavily
    or most weighted stocks per index is doing to provide
    further aid in the direction especially during times like these. fwiw

  • MrTrader

    SPY high for today will be either in the ballpark of 77.42 or 77.68 and should climax between 1350 and 1400 (eastern time) today according to my calculations…

    We'll see.

  • BigHouse(Aka Mr Vix)

    Damm gorilla is after me now.

  • Zeusmith

    Gonna be some major pain on amongst some of the short retail guys if we break 771 decisively on volume. I'm flat currently staying out except for scalp until FED or 785-800 tomorrow.

  • v8muscle

    the fact that we only retraced to the 23% level should be kinda scary for the shorts…. if there's a reversal in play usually it would retrace at least to 38%

  • BalaB

    All I can say is tonight, after hours, my Milk Money Trade-
    'It's On”
    I'm gonna take out the MM to the cleaners in retribution for today's tape

  • lester

    Fed is not today is it??

  • Keirsten

    Jan- here's a chart for BDI. I'm having computer meltdown today.. sorry I can't post more.

    http://stockcharts.com/h-sc/ui?s=$BDI&p=D&b=5&g

  • http://www.srsfinance.com SRSFinance

    From what level? My count shows a 50% retracement from the Feb 9 high.

  • jabber

    It is today. 45minutes.

  • http://www.srsfinance.com SRSFinance

    What can the Fed do here? Interest rates are almost 0, no?

  • tdub

    Mole…I broke my cardinal sin of yesterday by never being long or short going into a Fed meeting. Add in OPEX and you got a double whammy for this week. I covered my shorts today and am staying clear of this mess the rest of the week.

  • Count_de_Monee

    Just a head's up.
    The iTraxx Crossover index is up today over 35 bps to 1103, which is not at all bullish.

    It basically means you have to pay more for CDS to insure against corporate defaults, which obviously is bearish.

    Could this be related to AIG's woes? Probably.

    It could also mean the market is going to fall soon, so don't get discouraged by the MMs.

  • MyLifeMyTrade

    Update on SKF & FAZ: Last night I posted $165 and $50 as target prices for SKF & FAZ today… That is not looking likely at this point… The tape should get more and more range bound as we approach fed announcement. If at all, it will be slightly bullish..

    SKF & FAZ did rise this morning.. I was looking for more of a gap down… but that didnt happen… I closed all my March contracts within 15 mins of the open.

    I strongly suggest ppl not play any leveraged ETF March options at least till the Fed announcement comes out. The only problem I have even after the announcement is that I expect announcement to make the markets move up (In recent days, whenever Ben has spoken, Market has gone up)… and we are already up so much… Thus, the room to the upside is minimal… 800 on SPX is a massive resistance… Ben speaking wont take us past it… The risk/reward is starting to get loaded more and more in the favor of the bears…

    If you are playing April contracts, then nibble some before Fed announcement, some more after the spike that usually comes after fed announcement and then more when we hit 800 on SPX (which should likely happen tomorrow)…

    If we do hit 800 tomorrow, I will get get some March options with 5% of my money….

  • david

    it is tommorrow , they start the meeting today.

  • roncofooddehydrator

    Statement won't be made until tomorrow, it's a two day meeting…

  • Erikd

    it is either spx 850 or SPX 650 this week, we will know the direction in the next 15 minutes IMV.

  • jabber

    Oh ok, didn't say that on their website….

  • Niktus

    18/03/09 18h15 GMT

  • http://www.srsfinance.com SRSFinance

    Can you or Jan or someone explain the significance of the BDI to us dummies?

    TIA

  • Enfinity

    The potential H&S looks much better on RIFIN/BKX

  • DMS425

    Wrong

    -1

  • geckoman

    Umm Barney Frank is gay. Self admitted.

  • v8muscle

    from 666-773. I'm running tos web based though so it might be a bit off

  • molecool

    I said it on my website on Sunday – grrrrr….

  • BlackSea

    I believe the triangle has been punctured to the bottom. XLF in free fall?

  • http://www.investingwithoptions.com/ steveplace

    There's a couple things they can do.

    My best guess is that they will continue to print money and buy T-bills to keep rates low.

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

    Short FAS @5.18

  • DMS425

    Big Ben wrote a great paper on Japan and how they could have done things differently to combat deflation. I believe he is prepared to use the ideas he presented on us. He has already started doing so. I also believe he still owns that hellicopter.

    He has many tricks left in the bag, just to Fu** us up when he needs to the most.

  • reza002

    Erikd, I still have the FAZ. Ave price $55

  • DMS425

    Sh*t he about to move out the curve to the notes.

  • Squidman

    And I respect him greatly for that

  • alphahorn

    The baltic dry shipping index is relied on as a barometer of the global economy. when it goes up it indicates more goods are being shipped and thus the economy is strengthening. off and on it has been somewhat overstated by some who are buying and holding oil on tankers.

  • jigdaddy

    15 minutes in and we look to be moving downward…so i vote for the latter scenario

  • annamall

    Futures dropping rather fast

  • BigHouse(Aka Mr Vix)

    I'm going to bed.I expect this market to be red when i wake up.

  • fuzzygreysocks

    I think his teeth got rubbed off to the roots.

  • http://www.aggressivelyuninformed.com nepharis

    God, this tape is hideous. At least we finally printed a lower low…

    I don't day trade, and I don't do futures yet, but I think this is the straw that will make me a Zero subscriber. Balls. Now I have to dig out my paypal account.

  • http://www.srsfinance.com SRSFinance

    It's my understanding that the Fed really isn't printing money and the helicopter can't get off the pad because the banks aren't taking the low rate loans. I'm sure my understanding is sophmoric at best but it makes sense in this little brain of mine.

  • Fishrman

    Nasdaq/Financials have lead us up here. Nasdaq topping out. Your system saying top. It's seems like the stars are all aligned.

  • schismatic

    Generally speaking this is correct. I was reading somewhere that that recent upwards movement in the BDI was seasonal though, as inventories need to be restocked at the beginning of the year. Not sure how accurate that is though.

  • DMS425

    Or that 2009 is the year of backruptcy?

    2010 the year of restructuring…….

    But, I do think this market will fall again, I just do not know when and I believe this market will rally more then we expect. As always I may be wrong, but I am not going to get caught off guard.

  • LostIllini

    Mole can I just pay my zero subscription in clicks? $39 bucks is the same to you, no?

  • fuzzygreysocks

    Folks are getting giddier as the day goes : http://cboe.com/data/IntraDayVol.aspx
    Lettuce see how long that lasts.

    (Fave religios flip:
    Minister says “Let us pray.”
    Peanut Gallery in the loft says “No! Lettuce makes salad!”)

  • annamall

    Worth every penny and more. (but Mole, please keep your loyal rats rate the same 😉

  • jabber

    Lesson learned- pay more attention to mole's website then other websites.

  • jigdaddy
  • prozor7

    any idea about VIX – so far for me it destroyed all day

  • fuzzygreysocks

    I self admit that I am heterosexual.
    Since… Vanessa Womack in kindergarten.
    We were about four or five years old, I think.

    May I please have some great respect?

    😉

  • molecool

    Big spender… LOL 🙂

    Seriously, the click rate has gone through the toilet lately. I guess you leeches don't get my 'obey' comments.

  • molecool

    Hideous indeed – I was not kidding, was I?

  • http://zstock7.com/ zstock

    This looks like it might work, UPS UPS short sell at $48

  • katzo7

    What is a honeymoon salad.
    Lettuce alone.

  • alphahorn

    there is also a ton of speculation that oil is heading up moving into the summer and that play is in

  • BigHouse(Aka Mr Vix)

    New POST

  • Osso

    strength in USO….playing against bears….as its helping mkt go up….imo

  • Squidman

    Erik, did you re-draw your lower daily yellow trendline to hit yesterday's low on XLF? Because I see us breaching it now and that should be a tell, no? Trying to learn the method. Thanks.

  • fuzzygreysocks

    Nice.

    :-)#)
    <Chuckling to self>

  • Squidman

    Cheryl Ames for me, 2nd grade. Point up for the precocious sir…., what an exotic name for the 1st timer!

  • arak0

    Eric,

    We will know tomorrow. I don't know of a single FOMC day that we did not rally into. If anything going long today at close in the futures with a 5 point stop would be a better play from a risk reward scenario. If the market starts weakening by 12:30PM tomorrow we will tank at 2:15PM. If we remain strong into FOMC minutes, we are likely to go higher.

  • Keirsten

    Hey SRS- sorry taking so long to respond. Alpha is correct. You can also narrow things down by watching the three main rates: Panamax, Capesize and Supramax to gauge where the shipping action is happening. (In/Out China, In/Out South America, etc.) I'm really having fits over here with two of my systems, so I'll give you a link to learn more about the topic. This site is a lot more detailed on the whole shebang. HTH, and hope you're having a good trading day.

    http://www.investmenttools.com/futures/bdi_balt

  • molecool

    NEW POST!

  • Lordted

    Cold shoulder & Lettuce alone

  • katzo7

    LOL.

  • MrTrader

    damn it feels good to be right….so far

    http://screencast.com/t/shQVZyiJ

  • molecool

    Would you prefer me being wrong all the time?

  • molecool

    That's pretty much what I warned everyone about on Sunday – LOL 🙂

  • katzo7

    You are just toooooo right all of the time. LOL I bet you were a perfectly
    behaved child.

  • fuzzygreysocks

    Point up for knowing that I'm just playin' and not being a jerk.
    Seriously.

    WTH does a kindergartener know about birdsNbees?
    Which is why since I knew I was hetero since kindie that I didn't choose</u< anything that it's probably what a person is wired to be.
    Homo's are likely homos because… that's the way they're likewise wired to be.
    No choice.
    So everyone needs to give 'em a break.

    I've never given two hoots about the sexual orientation of others as it's largely irrelevant to anything.
    As technological capabilities allow allele swapping gender will become largely an atavistic trait… in a few thousand years, of course.

    😉

    PS, I want a heterosexual float in the parade where I can shout from the top “I LIKE MY T & A!!!!”

  • maple

    Don't listen to McHugh – he's all over the map, all the time. You can look up $NYMO for yourself.

  • MyLifeMyTrade

    Are you still playing march options?

  • MyLifeMyTrade

    Which call – “666 taken out call” OR the “850 or 650 call”

  • Douala

    maple

    I agree he is …but I have to give him credit on the McClellan Oscillator and his phi turn calls. He has been pretty much spot on. Now his wave count..you are right…he is off…

  • http://www.investingwithoptions.com/ steveplace

    That's about right; however, it's the only thing I can forsee them doing.

    Quantitative Easing: Hotter than CROX in 2007.

  • mtst

    Ouch…judging by this 850 looks mroe reasonable (well 8.4 is still on play)

  • BigHouse(Aka Mr Vix)

    Still short SLV.Burn this metal to $9

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

    XLF has a couple of support areas, one at around 8, then 7.87, over the more intermediate time frame look at the giant inverted head & shoulder it might be putting in once it falls to the 6.85 – 7 range it would have a target of over $11. Could get interesting in the coming days.

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

  • Ed

    Hmm, the lows for the Dow/SP/NDX have all been getting higher today. The highs on all three have been getting lower as well. Pretty soon we'll oscillate to flat line (which I'm sure the MM would love). . . Might have to call it quits soon.

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

    there's been an interesting dislocation between steel and copper. the steel companies have been getting barney franked, while until today at least copper, via FCX has been everyone's favorite long. is today's breakdown of FCX a portent of things to come for those who were suddenly bullish on the economy and the economic near term outlook??? Watching FCX over the next few days might give a glimpse into the big picture

  • C.C. Rider

    A break of 760.53 will fire things up.

  • http://www.genxantihero.blogspot.com LostIllini

    We are slightly above the 5 day support line on SPY and the Stoch's are saying we are getting way overbought. We breach that support and down we go. Relax Lester we got 3 and one half days before opex, a virtual eternity.

  • BigHouse(Aka Mr Vix)

    shorting more FAS. 5.07

  • Vendrell

    On quadruple option expiration, do options expire at the morning settlement price? I think so. That would mean March option holders have until Friday morning, correct?

    Please correct me if I'm misinformed here.

  • roncofooddehydrator

    Who is your broker? Mine never has FAS/FAZ to short….

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

    where's everyone today? already drinking guinness or green beer???? hey, my name's Pat and I'm still working, wtf

  • BigHouse(Aka Mr Vix)

    ameritrade

  • http://www.genxantihero.blogspot.com LostIllini

    My understanding is that we have all day friday and they settle on saturday, your mileage may vary.

  • http://implicittrading.blogspot.com/ BalaB

    I, for one, am having THE best time. (end sarcasm)

    Sheesh,,,,,,,,

  • jigdaddy

    whats up w/ volume today…looks like it dried up quickly or is this lunch time crap…

  • jabber

    Yes, equity options expire Saturday, Vix options expire tomorrow. I can't comment on Futures options, I don't know, I don't trade them.

  • http://www.genxantihero.blogspot.com LostIllini

    This is what I'm seeing on SPY….. Without a big push from the bulls the mini channel will be breached on oversold conditions.

    http://www.screencast.com/users/lostillini/fold

    (I hope I did this right)

  • DMS425

    I thought Ultra were non-marginable? Ameritrade lets you? I need to switch brokers.

    Why do you short FAS and not just buy FAZ? Does it make a difference….

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

    it there in FAZ, yesterday was it's biggest volume day ever and it's on pace to top that. 19mm already

  • faafa

    On TK's list of short ideas is FCX, stop at 38.44.

  • xyz

    Day before FOMC often subdued, yes?

  • xyz

    Brilliant graphic on this post, me man!!

  • http://www.genxantihero.blogspot.com LostIllini

    Bailed out breached the mini channel into the main channel.

  • http://implicittrading.blogspot.com/ BalaB

    WHOA HO HO!! This action sucks

    LOL

  • BigHouse(Aka Mr Vix)

    Shorting more FAS. These are day trades. Damm thing keeps pushing up. Looking for a pull back. I hope

  • innatedc

    I think XLF bangs its head here in the 8.27-8.30 area….its a 50% retracement from yesterdays high to today's low…..head back down…..we'll see so lets watch.

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

    Might just be the last opportunity to buy FAZ on sale for a bit. It's about finished putting in a classic inverted H&S, should start its rebound soon

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

  • Erikd

    top for the day is being completed and we start within the next hour heading down to the lows…

  • thunda72

    SPY's coming up on a 50% RL. I'm still riding some calls left over from yesterday. We'll see if we can bust through. I'm still slightly bullish short-term, I think 800 could still be in the cards. That was my original game-plan, and I'm sticking with it!

  • Erikd

    SHORT NOW!

  • innatedc

    I do concur…..

  • Paxromanus

    while we wait for wave 5….some quality updates (especially the 1st one)
    Maximus

    http://4best4worst.wordpress.com/

  • http://implicittrading.blogspot.com/ BalaB

    Thx E

    I was just typing we're pretty extended from the mean (short term) on the futures.
    Certainly don't want to chase in this market.

    p.s. Sweeties just send something…..heheheheheheheee…confirming your call.

  • Douala

    That why you are known as “The Prophet”

  • de3600

    I cant hear you 🙂

  • jigdaddy

    everytime i feel max pain…seems to be the top 🙂

  • Erikd

    SPX lows of 666 will be taken out by this FRIDAY!!!! SHORT NOW>>>

  • http://www.tradingsign.com/ T. Waffle

    very boring day.

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

    MOle you liking what the YEN is up to 🙂

  • Joe8888

    SRS .Forming a Inverse H&S, Should close out right shoulder now,if we cross the neckline,

    Target would be 85 ish. Something to watch !

  • Squidman

    I think they've roped about as many bulls as they can on this move

  • BlackSea

    Erik,

    what do you see in the trend that creates such a fast downfall?

  • peterey

    Erikd,

    I learnt to respect you but I have to say that this is a very bold call.

    I see the resistance above current levels on XLF and SPX, , but Eur/Usd and Vix are not cooperating.

    What makes you say 666 will be taken out instead of just saying something like “top for today could be in”.

    Not a critic, just a question,… I have a big potential loss on this short trade and need to be careful on any move.

    Thanks.

  • DMS425

    Does Barney Frank have a mouth full of marbles or was he kicked in the face by a mull as a child?

    Please vote below.

  • Squidman

    There is that pretty divergence again

  • Joe8888

    on the 60 min Chart,,,sorry..

  • az

    I assume you're using the 8.27-8.30 area, where we broke down yesterday, as the cap band, correct? I had been keeping an eye on it since this morning. Though for any H&S fan, if XLF goes up to 8.38ish
    then it finishes a nice H&S pattern on multi-days chart, but I learned the hard way that H&S pattern is 50/50 at best on predication value.

    Thanks!

  • geckoman

    What time frame or please post a chart.

  • https://evilspeculator.com molecool

    All I have to say is: Obey, rats, obey!!! –>

    Hey, you got nothin' else to do anyway 😉

  • https://evilspeculator.com molecool

    Yeah – I got out that yesterday – not a day too early….

  • Trav

    This tape is only mildly preferable to having root canal work or watching reruns of “Dr. Quinn, Medicine Woman”

  • https://evilspeculator.com molecool

    PLUNK! hehe

  • az

    I love the CAPS call!!!!!!!!

    (ok, I am biased since I stole tons of dough from the market by following the infamous CAPS call last time LOL)

  • http://jogarembolsa.blogspot.com salvadorveiga

    what makes you think that?

  • lester

    he gets kicked in the face every night from what I heard

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

    good for you, i'm still holding the bag

  • jabber

    XLF has a H&S on its 5minute, spanning the last 3 days. Target 7.02.
    http://s5.tinypic.com/2ujkoyc.jpg

  • Squidman

    Hey, I think she is sexy. And I do all my drilling sans novacain–much more interesting that way

  • http://jogarembolsa.blogspot.com salvadorveiga

    those are pretty bold calls… what makes you think that? acutallly this consolidation today is making me nervous…

  • http://gemstowear.etsy.com Jan

    FWIW….Baltic Dry Index down five straight days.

    3/10 2298
    3/11 2271
    3/12 2271
    3/13 2271
    3/16 2058
    3/17 1974

    Can't find a chart.

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

    this Friday!!!?? why so soon, with this 2 day fed mtg. don't you think that'll slow things down a bit?

  • Squidman

    his fat and psychopathic wife no doubt

  • lester

    I don't need no education about Barney

  • http://implicittrading.blogspot.com/ BalaB

    what can I say, Sal? I'm a bold kinda guy. GINGERVITIS

    Check out a 5min chart of futures. Throw up a VWAP and 50DMA

  • jigdaddy

    that would definitely save my ass…kudos to you.

  • Joe8888

    Great article ….Nouriel Roubini on CNBC Yesterday…

    http://www.rgemonitor.com/roubini-monitor/25599

  • geckoman

    Don't see it I see a normal Head and Shoulders pattern in the making but not inverse.

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

  • geckoman

    “Wife”? You sure wife? You do know right?

  • Douala

    BalaB

    Did Sweeties 2nd ErikD short call ???????

  • http://jogarembolsa.blogspot.com salvadorveiga

    can you ellaborate please ? thaanks… that would mean a 15+% plunge in 3 days which i find hard to believe… i'd like to hear what you back up your call with….

    Baltic index is down for the last week…maybe it?

  • http://implicittrading.blogspot.com/ BalaB

    Yes Sweet Douala BUT
    they're two separate systems……i.e. grain of salt

  • Douala

    Thanks

    😉

  • Squidman

    Oh I am quite sure he is the man and s/he is a real queen biatch–not that there is anything wrong with that…..

  • adrian_boy

    /NQ seems to lead again the down trend.

  • http://patmcneill.blogspot.com/ Pat McNeill

    You're the Cat's Pajamas.
    Thanks muchly for the posts.

  • http://gemstowear.etsy.com Jan

    Yawn…..zzzzzzz

    New American Tea Party
    Send a teabag on April 1st to:
    1600 Pennsylvania Ave.
    Washington, DC 20500

    Yes you can!

  • http://implicittrading.blogspot.com/ BalaB

    It may be time consuming but I like to count how many of the heavily
    or most weighted stocks per index is doing to provide
    further aid in the direction especially during times like these. fwiw

  • http://www.bostonwealth.net MrTrader

    SPY high for today will be either in the ballpark of 77.42 or 77.68 and should climax between 1350 and 1400 (eastern time) today according to my calculations…

    We'll see.

  • BigHouse(Aka Mr Vix)

    Damm gorilla is after me now.

  • Zeusmith

    Gonna be some major pain on amongst some of the short retail guys if we break 771 decisively on volume. I'm flat currently staying out except for scalp until FED or 785-800 tomorrow.

  • http://www.facebook.com/screasy v8muscle

    the fact that we only retraced to the 23% level should be kinda scary for the shorts…. if there's a reversal in play usually it would retrace at least to 38%

  • http://implicittrading.blogspot.com/ BalaB

    All I can say is tonight, after hours, my Milk Money Trade-
    'It's On”
    I'm gonna take out the MM to the cleaners in retribution for today's tape

    p.s. RL & Zero subscribers…..Today's action as case in point (where we get whippy price action, weaker Zero signals) typically RL levels become invalidated.

    Price Action as follows: Burst..then low volume fall…..Burst…..then low vol fall back. Everyone that jumps in on the Burst! is like, “hey, WTF!? What happened to the momo?! I guess I'd better get out…”….followed by BURST, LOl

  • lester

    Fed is not today is it??

  • Keirsten

    Jan- here's a chart for BDI. I'm having computer meltdown today.. sorry I can't post more.

    http://stockcharts.com/h-sc/ui?s=$BDI&p=D&b=5&g

  • http://www.srsfinance.com SRSFinance

    From what level? My count shows a 50% retracement from the Feb 9 high.

  • jabber

    It is today. 45minutes.

  • http://www.srsfinance.com SRSFinance

    What can the Fed do here? Interest rates are almost 0, no?

    IMO, the Fed is impotent until the banks start lending again.

  • tdub

    Mole…I broke my cardinal sin of yesterday by never being long or short going into a Fed meeting. Add in OPEX and you got a double whammy for this week. I covered my shorts today and am staying clear of this mess the rest of the week.

  • Count_de_Monee

    Just a head's up.
    The iTraxx Crossover index is up today over 35 bps to 1103, which is not at all bullish.

    It basically means you have to pay more for CDS to insure against corporate defaults, which obviously is bearish.

    Could this be related to AIG's woes? Probably.

    It could also mean the market is going to fall soon, so don't get discouraged by the MMs.

  • http://www.mylifemytrade.com MyLifeMyTrade

    Update on SKF & FAZ: Last night I posted $165 and $50 as target prices for SKF & FAZ today… That is not looking likely at this point… The tape should get more and more range bound as we approach fed announcement. If at all, it will be slightly bullish..

    SKF & FAZ did rise this morning.. I was looking for more of a gap down… but that didnt happen… I closed all my March contracts within 15 mins of the open.

    I strongly suggest ppl not play any leveraged ETF March options at least till the Fed announcement comes out. The only problem I have even after the announcement is that I expect announcement to make the markets move up (In recent days, whenever Ben has spoken, Market has gone up)… and we are already up so much… Thus, the room to the upside is minimal… 800 on SPX is a massive resistance… Ben speaking wont take us past it… The risk/reward is starting to get loaded more and more in the favor of the bears…

    If you are playing April contracts, then nibble some before Fed announcement, some more after the spike that usually comes after fed announcement and then more when we hit 800 on SPX (which should likely happen tomorrow)…

    If we do hit 800 tomorrow, I will get get some March options with 5% of my money….

  • david

    it is tommorrow , they start the meeting today.

  • roncofooddehydrator

    Statement won't be made until tomorrow, it's a two day meeting…

  • Erikd

    it is either spx 850 or SPX 650 min. this week, we will know the direction in the next 15 minutes IMV.

  • jabber

    Oh ok, didn't say that on their website….

  • Niktus

    18/03/09 18h15 GMT

  • http://www.srsfinance.com SRSFinance

    Can you or Jan or someone explain the significance of the BDI to us dummies?

    TIA

  • Enfinity

    The potential H&S looks much better on RIFIN/BKX

  • DMS425

    Wrong

    -1

  • geckoman

    Umm Barney Frank is gay. Self admitted.

  • http://www.facebook.com/screasy v8muscle

    from 666-773. I'm running tos web based though so it might be a bit off

  • https://evilspeculator.com molecool

    I said it on my website on Sunday – grrrrr….

  • BlackSea

    I believe the triangle has been punctured to the bottom. XLF in free fall?

  • http://www.investingwithoptions.com/ steveplace

    There's a couple things they can do.

    My best guess is that they will continue to print money and buy T-bills to keep rates low.

  • http://www.tradingsign.com/ T. Waffle

    Short FAS @5.18

  • DMS425

    Big Ben wrote a great paper on Japan and how they could have done things differently to combat deflation. I believe he is prepared to use the ideas he presented on us. He has already started doing so. I also believe he still owns that hellicopter.

    He has many tricks left in the bag, just to Fu** us up when he needs to the most.

  • Turbo Tim

    Erikd, I still have the FAZ. Ave price $55

  • DMS425

    Sh*t he about to move out the curve to the notes.

  • Squidman

    And I respect him greatly for that

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

    The baltic dry shipping index is relied on as a barometer of the global economy. when it goes up it indicates more goods are being shipped and thus the economy is strengthening. off and on it has been somewhat overstated via the practice of buying and holding oil on tankers.

  • jigdaddy

    15 minutes in and we look to be moving downward…so i vote for the latter scenario

  • http://www.hotoptionbabe.com annamall

    Futures dropping rather fast

  • BigHouse(Aka Mr Vix)

    I'm going to bed.I expect this market to be red when i wake up.

  • fuzzygreysocks

    I think his teeth got rubbed off to the roots.

    … not that there's anything wrong with that.
    LOL!

  • http://www.aggressivelyuninformed.com nepharis

    God, this tape is hideous. At least we finally printed a lower low…

    I don't day trade, and I don't do futures yet, but I think this is the straw that will make me a Zero subscriber. Balls. Now I have to dig out my paypal account.

  • http://www.srsfinance.com SRSFinance

    It's my understanding that the Fed really isn't printing money and the helicopter can't get off the pad because the banks aren't taking the low rate loans. I'm sure my understanding is sophmoric at best but it makes sense in this little brain of mine.

  • Fishrman

    Nasdaq/Financials have lead us up here. Nasdaq topping out. Your system saying top. It's seems like the stars are all aligned.

  • schismatic

    Generally speaking this is correct. I was reading somewhere that that recent upwards movement in the BDI was seasonal though, as inventories need to be restocked at the beginning of the year. Not sure how accurate that is though.

  • DMS425

    Or that 2009 is the year of backruptcy?

    2010 the year of restructuring…….

    But, I do think this market will fall again, I just do not know when and I believe this market will rally more then we expect. As always I may be wrong, but I am not going to get caught off guard.

  • http://www.genxantihero.blogspot.com LostIllini

    Mole can I just pay my zero subscription in clicks? $39 bucks is the same to you, no?

  • fuzzygreysocks

    Folks are getting giddier as the day goes : http://cboe.com/data/IntraDayVol.aspx
    Lettuce see how long that lasts.

    (Fave religios flip:
    Minister says “Let us pray.”
    Peanut Gallery in the loft says “No! Lettuce makes salad!”)

  • http://www.hotoptionbabe.com annamall

    Worth every penny and more. (but Mole, please keep your loyal rats rate the same 😉

  • jabber

    Lesson learned- pay more attention to mole's website than other websites.

  • jigdaddy
  • prozor7

    any idea about VIX – so far for me it destroyed all day

  • fuzzygreysocks

    I self admit that I am heterosexual.
    Since… Vanessa Womack in kindergarten.
    We were about four or five years old, I think.

    May I please have some great respect?

    😉

  • https://evilspeculator.com molecool

    Big spender… LOL 🙂 Fits your avatar – Ron supposedly is dirt cheap – LMAO

    Seriously, the click rate has gone through the toilet lately. I guess you leeches don't get my 'obey' comments.

  • https://evilspeculator.com molecool

    Hideous indeed – I was not kidding, was I?

  • http://retracementlevels.zstock7.com/ zstock, Pro Select!

    This looks like it might work, UPS UPS short sell at $48

  • katzo7

    What is a honeymoon salad?
    Lettuce alone.

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

    there is also a ton of speculation that oil is heading up moving into the summer and that play is in

  • BigHouse(Aka Mr Vix)

    New POST

  • Osso

    strength in USO….playing against bears….as its helping mkt go up….imo

  • katzo7

    You were right again, damn you. Just kidding.

  • Squidman

    Erik, did you re-draw your lower daily yellow trendline to hit yesterday's low on XLF? Because I see us breaching it now and that should be a tell, no? Trying to learn the method. Thanks.

  • fuzzygreysocks

    Nice.

    :-)#)
    <Chuckling to self>

  • Squidman

    Cheryl Ames for me, 2nd grade. Point up for the precocious sir…., what an exotic name for the 1st timer!

  • arak0

    Eric,

    We will know tomorrow. I don't know of a single FOMC day that we did not rally into. If anything going long today at close in the futures with a 5 point stop would be a better play from a risk reward scenario. If the market starts weakening by 12:30PM tomorrow we will tank at 2:15PM. If we remain strong into FOMC minutes, we are likely to go higher.

  • Keirsten

    Hey SRS- sorry taking so long to respond. Alpha is correct. You can also narrow things down by watching the three main rates: Panamax, Capesize and Supramax to gauge where the shipping action is happening. (In/Out China, In/Out South America, etc.) I'm really having fits over here with two of my systems, so I'll give you a link to learn more about the topic. This site is a lot more detailed on the whole shebang. HTH, and hope you're having a good trading day.

    http://www.investmenttools.com/futures/bdi_balt

  • https://evilspeculator.com molecool

    NEW POST!

  • Ed

    It looks like MM are just going to sling this tape back and forth and let everyone get pissed. This is one of those I wish I was sitting on the sidelines. . . I think the line that whatever doesn't kill you but makes you stronger doesn't work in this environment. . . this back and forth really sucks.

  • Lordted

    Cold shoulder & Lettuce alone

  • katzo7

    LOL.

  • http://www.bostonwealth.net MrTrader

    wrong! mr. market 1+, bitch-slap for me

    My response… thank you sir may I have another.

  • https://evilspeculator.com molecool

    Would you prefer me being wrong all the time?

  • https://evilspeculator.com molecool

    That's pretty much what I warned everyone about on Sunday – LOL 🙂

  • katzo7

    You are just toooooo right all of the time. LOL I bet you were a perfectly
    behaved child.

  • fuzzygreysocks

    Point up for knowing that I'm just playin' and not being a jerk.
    Seriously.

    WTH does a kindergartener know about birdsNbees?
    Which is why since I knew I was hetero since kindie that I didn't choose anything that it's probably what a person is wired to be.
    Homo's are likely homos because… that's the way they're likewise wired to be.
    No choice.
    So everyone needs to give 'em a break.

    I've never given two hoots about the sexual orientation of others as it's largely irrelevant to anything.
    As technological capabilities allow allele swapping gender will become largely an atavistic trait… in a few thousand years, of course.

    😉

    PS, I want a heterosexual float in the parade where I can shout from the top “I LIKE MY T & A!!!!”
    LOL!

  • http://www.mylifemytrade.com MyLifeMyTrade

    Are you still playing march options?

  • http://www.mylifemytrade.com MyLifeMyTrade

    Which call – “666 taken out call” OR the “850 or 650 call”

  • http://www.investingwithoptions.com/ steveplace

    That's about right; however, it's the only thing I can forsee them doing.

    Quantitative Easing: Hotter than CROX in 2007.

  • mtst

    Ouch…judging by this 850 looks mroe reasonable (well 8.4 is still on play)