Zero Indicator
Now Reading
Hell Week Rub Down
159

Hell Week Rub Down

by The MoleMay 1, 2009

For fuck’s sake – I don’t think I can take much more of this shit:

I think if the Zero was helpful at all today then it was in keeping you guys out. The manipulations have become so blatant that trading has now turned into a game of Russian Roulette – with elephant gun bullets. BTW, as I’m typing this (4:10pm EDT) they keep pushing this thing up – the NQ is now at 1400 and the ES at 877.

Again note how participation has shrunk as we stayed within a +0.5/-0.5 signal channel on the Lite all day – the Goldman boys are running the tape, everyone else has capitulated at this point. Taking positions has now become tantamount to sticking your dick into a wood chipper. Cash is king baby – cash is king.

Not sure what to tell you rats. I’m not taking positions until we either see a massive rally or a major drop – anthing in between is financial suicide.

I see you rats on Sunday – as usual. Now I have spousal b-day duties to perform – it’s not as bad as it sounds πŸ˜‰

Cheers,

Mole

P.S.: If you haven’t seen it yet – check out my Bingo post.


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.
Enjoyed this post? Consider a small donation to keep those evil deeds coming!

BTC: 1MwMJifeBU3YziDoLLu8S54Vg4cbnJxvpL
BCH: qqxflhnr0jcfj4nejw75klmpcsfsp68exukcr0a29e
ETH: 0x9D0824b9553346df7EFB6B76DBAd1E2763bE6Ef1
LTC: LUuoD6sDWgbqSgnpo5hceYPnTD9MAvxi6c

  • annamall

    Another Bank bites the Dust! Silverton Bank in 44 states.

  • lilme

    http://zerohedge.blogspot.com/2009/05/shooting-

    David Rosenberg, another furrner, serves up some sanity.

  • GMunni

    Forwarding comments from previous post:

    GMunni 12 minutes ago
    Let me just say this about Monday – ruh roh. That is all.

    Squidman 1 minute ago
    I hope so, because I need to make some du ough. Make up for this shit ass fucking week.

    GMunni 3 seconds ago
    I think you may get your wish. I just hope it's not a result of what I'm guessing will be the catalyst.

    Keirsten 10 minutes ago
    Oh no you don't GM- define Ruh Roh. πŸ˜‰ What have you been up to trading-wise btw?

    GMunni 1 minute ago
    Perfect five waves down Thursday and correction today on the 5 min chart. GS was selling big into the close. What do they know?

    Just scalping longs and biding some time. Tried to buy UNG yesterday as I knew it would move big and missed it by 2 cents (remember our discussion about playing for pennies Keirsten?). Riding TBT, FLIR and COT long, but wearing some minor pain in some entry shorts in SHLD, RL, BWLD and USD.CAD long.

    How about you Keirsten? You must have made out like a bandit on that copper play.

  • Susannah

    Mole, on the improved system you posted about, did the change from a 20-minute chart from a 15-minute affect the outcome of other years well, too?

  • richnyc

    Have a nice weekend dude, take a rest from this craziness and thanks for all your AWESOME work;)

  • Squidman

    Actually, I was thinking more along the lines of trolling with your dick in piranha infested waters. Little prick nips. Wood chipper if you play big I guess.

  • annamall

    OMG LOL

  • http://zstock7.com/ zstock

    **

  • disrespekt

    100% right, there is no established trend here.

    All you can do is intraday technical trading; the 5m RSI has been useful and the BBs as well. No system is going to do well in this climate, so people need to just sit tight on it.

    One thing that's become apparent is that every rally gets sold and every apparent breakdown gets supported. You just can't hold positions for very long if you want to trade this. It looked late today like the market might just sell the hell off, especially in financials, but having seen this every day for the past week or two, I said fuck it and closed SRS, FAZ, and SKF for modest profits and then, right on cue, the pumpmonkeys came out in the last 5 minutes.

    If you chase what looks like a breakout or breakdown right now you are going to get your head underwater in a real hurry. I've lowered my profit expectations on every position and I'm not playing heavy here. You almost have to be happy with ekeing out .2, .3 here and there on the FAS/FAZ side and a buck or two on SRS, and trying to make minimizing losing trades your #1 priority. This market sucks so bad I don't even want to watch it. This strongly reminds me of last March/April, except for the lack of total VIX collapse this time. What I would watch for and what has happened prior to previous major downtrends, is a divergence between XLF and the SPX. Last year, financials began down 5/2 and the SP did not follow suit until 5/19.

  • BovineStew

    Now is that a nice thing to say squid boy? I'll loan you my wood chipper when you grow up, until then stick with the piranhas.

  • mrclam

    mole,
    definitely agreed, i don't think any system would do well in this environment. i'm actually holding my position over the weekend.(don't normally ever do that) i like my odds, and that last 5 minutes reeked of a fakeout. we'll see what happens.

  • Osso

    weekly close above 875 is a bullish statement.
    Having made lower lows than thursday calls for lower lows next week (on some Major Index at least).

    we will see.

  • BigHouse(Aka Mr Vix)

    Have a great weekend folks.I'm going to get a weekend job at Coach …They owe me after this week..LOL

  • disrespekt

    There are immense structural differences between 1930 and now.

    The single BIGGEST factor is the achievement of Peak Oil in 2005, then Peak Liquids in 2008.

    There is simply a hard ceiling on industrial output now that DID NOT exist in 1930. Nevermind the entitlements obligations and all the rest of it; it is not possible to GROW out of this debt without massive increases in energy consumption and supply.

    The global recession will be sustained. Watch the oil price. If we see a fiscal policy-led rebound here we will see a concurrent increase in oil consumption which will AGAIN ram us into the supply constraint and oil will again spike to $150 as demand exceeds production and inventories are again drawn down to meet the deficit. We will repeat this collapse cycle. That is your Wave C of 4 down and it is inevitable.

    I cannot fathom that people can believe that exponential growth can simply meet a speedbump and then there just “will be” a recovery because of interest rate policies and increased debt.

    This is not 1930. It is not 1973, it is not 1982. How economists and cental bankers can fail to realize what the NECESSARY inputs are for economic activity and that the most critical input has reached supply rate inflection is beyond me. Case in point, no amount of fucking moneyprinting, debt, strenuous wishing, or The Secret-inspired mass cognitive dissonance can make Cantarell produce more oil next year than last. ANY economy dependant on oil to move things or make things (all of them) must face this inexorable fact.

  • BovineStew

    are you a girl?

  • Keirsten

    GM- answered you on the previous post. You'll have to share your catalyst idea when/if the mood strikes you.

  • Blind_Squirrel
  • Fujisan

    Mole,

    I will send you something by tomorrow. Have a good weekend everyone.

  • innatedc

    Yes and if you pull up a 60 min chart of the XLF you'll see a clear downtrend and a broken ascending wedge to the downside…..will post later still at work…

  • BovineStew

    you too fujisan. have fun this weekend.

  • divergence

    Been out since yesterday 'cept for a tiny short position on CHK, which I am underwater on. Checked back at my numbers for the past two months: 12-15 hours of work a day for the payoff that's in the range of the lower quartile of a middle school janitor's weekly salary. 'Course I never take big risks — I at least have enough sense to realize that I'm still an idiot when it comes to the market. And I though law school/bar was hard! Nothing in comparison to the market.

    Hopefully, there is a plateau that you push through eventually, where you have the confidence to put some larger risk forward.

  • BovineStew

    get a life.

  • mikevadon

    Hey guys, Look at my blog on Saturday where I will go through every chart I can find from microcaps to megacaps where we will search for market direction and how to trade through it…

    My blog is http://www.mikevadon.blogspot.com.

  • Blind_Squirrel
  • Blind_Squirrel

    If not, he can meet plenty of hot chicks with money!!!!

  • Blind_Squirrel

    Not very nice there Salmon Breath!!!

    Guess I got to get my own MRE'S!!!!!!!

    The Beer's must be kicking in!!!!!!!!

  • BovineStew

    this blog sucks. only rats with bushy tails will talk to me!

  • BovineStew

    I have enough. then again you can never have enough with whats coming. sigh…

  • katzo7

    ???

  • phantomflash

    Regarding the new evil.rat ES: I note that average trade gain has gone down from .42% to .36%. This is making resident.evil look even better by comparison, especially after commission and slippage.

  • BovineStew

    shit! now I have to buy more MRE's for katzo. Rodent! you got this?

  • BigHouse(Aka Mr Vix)

    Indeed

  • Keirsten

    Interesting tidbit BS. Sounds like that company does something along the lines of predictive linguistics?

  • Earl of Subway

    A blah day for me today. I really wanted to do something, but I am pure Zero/Zero-Lite now, and it was a Stay Away day with Zero-Lite bouncing around the zero line and never doing much.

    At one point I wanted to snag some SDS. It was right after the high of the day and it seemed to be the right thing to do. I needed something from Zero or Zero-Lite to get me in and out. I settled on the temporary Pyramid Trade Alert (buy long). It's not visible now, but it was there at one point.

    When it went away the first time, I bought some SDS, figuring to sell immediately if the PTA came back.

    It came back. I sold. It went away again. I bought again. A total of 4 buys and 4 sells as the PTA came and went.

    At that point the PTA stayed on a while & Zero-Lite was hugging the zero line even more closely, so I gave up.

    This was my first losing day with Zero, technically, but it was less than a pack of cigarettes, thanks to pure luck & the low trade commissions at IB. Can't complain.

  • http://anomalousmaterial.blogspot.com CastorTroy

    Let's stay patient, the inflexion point is undoubtedly near…

    Some nice shorter timeframe setups on broad indexes. A quick look at weekly $VIX, $NAA50R and McClellan Summation Index. Hope you like the week ending song πŸ™‚ Have a great weekend all

    http://tinyurl.com/c2vvud

  • Squidman

    LOL

  • mrclam

    thanks for the charts, enjoyed them! enjoy the weekend

  • Blind_Squirrel

    Bovine:

    I think it is because many here do not know you
    and your pecan wit.

    You are laying it on a little thick for the first day!!!!!

  • mugged

    Mole, do you have data of how the system would have backtested in 2007 with the new changes on nq/es ?

  • Zeusmith

    It must be very frustrating for you Moley, 'cause its a daytrader's market. The penny stocks continue to be good Momo plays, as well as some of the earnings plays making good day-after moves. Until further notice, this is how to make money I suppose, but you have to be a scalper.

    I rather it not be this way, but what are you gonna do?

  • katzo7

    ???

  • katzo7

    ???

    LOL

  • ZigZag

    Here's a strange one from Feb, 10..

    http://www.bloomberg.com/apps/news?pid=20601101

  • mrclam

    ++

  • katzo7

    Bollinger Band breakouts, for Lester.
    http://www.screencast.com/users/katzo7/folders/

  • CandleStickEmUpper

    I didnt bother logging into my IB account today. I didnt bother looking at the Zero/Zero Lite today. All I did was look at the first page of finance.yahoo.com and saw the Dow at +3, -3, +20, -18, I said f* that. I had better things to do than waste my time in this manipulated crap.

    I sure hope next week brings about more participation as Im getting really tired of this boring tape.

    Great market for scalpers though, who are trading a high number of contracts. I see good quick in and out opportunies in it. However, still risky on high contracts if it suddenly swings the opposite way and youre on the wrong side too many times. Thats why I am staying the f* out.

  • CandleStickEmUpper

    Have a nice weekend everyone.

  • CandleStickEmUpper

    lol, i just read this. Chrysler goes down, market goes up. A bank goes down in 44 states, market doesnt care.

  • reza002

    Someone is expecting dow to hit 1000
    http://www.elliottwave.com/freeupdates/archives

  • katzo7
  • katzo7

    I am too. The big question is when?

  • http://www.slopeofhope.com Tim Knight

    Now I have spousal b-day duties to perform – it’s not as bad as it sounds

    Try not to think about the week, mole; it won't help your performance with those duties.

  • fuzzygreysocks
  • Peasant

    It's interesting that retail, financials, and reits were down today and commodity based stocks and shippers were very strong today. Sector rotation? or just a byproduct of a falling dollar?

    Check out the ags, base metals, E&P's, shippers, mining and farm equipment. I'll post some charts this weekend.

  • BalaB

    Cool charts

  • molecool

    I just close my eyes and think of Britain.

  • BalaB

    Nice Fuzz!
    I saw your earlier post regarding same.
    Best,BB

  • salvadorveiga

    i noticed too…the resident evil ones look really great

  • http://anomalousmaterial.blogspot.com CastorTroy

    Thank you, I appreciate it

  • TomOfTheNorth

    admit it – Maggie Thatcher does the job!

  • BovineStew

    es tu brutus?

  • BovineStew

    it is interesting BS – but does anyone know the truth?

  • LostIllini

    As long as your going to set the way back machine to 1982, enjoy some Phoebe Cates on this fine Friday night….

    http://www.youtube.com/watch?v=w33bGlLn154

  • TomOfTheNorth

    Global Insight on the week ahead (Stress tests & Non-Farm):

    http://www.globalinsight.com/Perspective/Perspe

    Also, an interesting look at the economic implications of a pandemic. Anecdotally, things seem to be settling down but still a relevant consideration:

    http://www.globalinsight.com/Perspective/Perspe

  • LostIllini

    For those of you think China is “decoupling” note the port traffic in LA. The trade gap is closing radically and it's not because we're shipping out that much less (mostly because we don't export anything)

    http://1.bp.blogspot.com/_pMscxxELHEg/SeTcL5yD-

  • StainlessSteelChicken

    I believe a +1 is in order

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

    “Art of War” on the History Channel. 7:00PM CST, Sunday, 5/03/09.

  • BigHouse(Aka Mr Vix)
  • mikevadon

    DRYS up today nicely.

    http://www.mikevadon.blogspot.com

  • fuzzygreysocks

    Funny.
    I was just looking at that exact situation, knowing that as soon as the (delayed) stress tests are released that they're gonna have the blah blah blah about “most” banks are okay, but with a little bit of $USD devaluing public debt everything is gonna be okay.
    Increased debt = devalued $USD = revalued commodities and the market.
    http://tinyurl.com/deqjon

    So, I can easily see that big short squezzin' Pop! going down.
    Or… is that goin' up?
    ??

    πŸ˜‰

  • StainlessSteelChicken

    Screw the Line of Intrigue, this is The Gap of Misery
    http://tinyurl.com/dje4ne

  • suiciderats

    GS gamers/market timers will allow the next market downswing to begin around May 12, 2009.

    The markets are not speculative…

    they are timed and extremely frustrating for anyone unwilling to accept the timing.

    shorts will have their fun again after Q2 winds down… don't forget to turn out the lights in July.

  • molecool

    Yeah, but there are more trades – even with commission you end up with a lot more profit.

  • katzo7

    Methinks the patient will have a heart attack while undergoing his stress test.

  • standard_and_poor

    Morning double 007.

  • reza002

    Stress Test May Push 14 Banks to Raise Money, FBR’s Miller Says

    http://www.bloomberg.com/apps/news?pid=20601087

  • lilme

    OK, stress test results released after hours Thursday, and Friday am is monthly unemployment report, so possible scenarios:

    1. Bank results bad, unemployment bad – markets ? financials ?

    2. Bank results good, unemployment good – markets ? financials ?

    3. Bank results good, unemployment bad – markets ? financials ?

    4. Bank results bad, unemployment bad – markets ? financials ?

  • katzo7

    Hey.

  • katzo7

    You read mortie on Xsite? His and my analysis agree. Either form an EW2 top
    just below the recent high and go down, or we break on through. I think EW2
    top and then down but WTF do I know.

  • standard_and_poor

    comfort888at(ameritechdotnet)
    I'll check it send link, assume it's xsite.com. Communication through
    this site is too slow for me.

  • annamall

    It gotten absolutely ridiculous. They are try to take out as many bears (I being one of them) as possible. When this tape finally does cave they will be running for the doors! (but when is the question?0

  • annamall

    Hey boys!
    Where is the link on this Katzo? Please. πŸ™‚

  • standard_and_poor

    You're looking lovely as usual!

  • katzo7

    It is just Xtrends.blogspot.

  • katzo7

    Ohhh, thank you S&P. I just showered for you. LOL

  • standard_and_poor

    Not you.

  • annamall

    Hi sweetie!

  • annamall

    I am going to check it out now

    . You know when the market does turn, the exits are going to get very crowded very fast! πŸ™‚
    But I am getting a bit antsy about the whole thing @ this point. very frustrating!

  • standard_and_poor

    Cold and cloudy as usual until at least mid May. I might as well be in London.

  • annamall

    LOL I was just reading through his blog and he also got caught yesterday looking for a bearish trend coming with the rest of us. I like his writing so far. Does he post his trades everyday?

  • standard_and_poor

    Same here I think I'm going to lighten up Monday
    and lower my stops if we don't drop in first hour.

  • katzo7

    OK, not funny but serious this morning. As some of you know, I felt personally accosted by a post about a week ago. I took it very hard (we all would like to be appreciated) and left for a while and received numerous requests for me to come back, and searches for where I went (not Hawaii). I have always considered personal attacks off limits on blogs. You think the market is either going up or down, that is it! In fact I think attacking is not the way to go at all on a medium (think Marshall McClune S&P, hot and cool medium) where one does not meet face to face (for a blind squirrel this is meaningless). But my distress has ended, I am back to the ole katzo. Maybe even worse.
    Recently I published a hopefully humorous article with reference to Lester, but this was only in the context of getting all on here (thnx BalaB) to assist him in his thinking, his positioning. Lester, go fishing (teach vs. give fish stuff)! In fact, I think his letting us know before he does anything is a spectacular idea. It is obvious he does not trade off of charts but trades news and opinions. One cannot do that. That plays right into the hands of the enemy (mole le cool's Sun Tze stuff).
    IMO, this board is the best, the commentary, analysis and personalities are stellar. When so diverse of a group can come anonymously together and respectfully communicate and assist each other in this extremely difficult environment under mole's guidance (ass kissing here) without too much ego getting in the way is commendable.
    I love you all. Now I have to go mow the f**king lawn. And I have acres of it.

  • annamall

    Oh no.. Tampa is 77 degrees sunny (we need your rain) and I am looking out my back yard to Palm trees, hybiscus (red, pink, orange) and nothing but green. I live a 250 foot preserve. πŸ™‚

  • annamall

    You too!

  • annamall

    me too, just wait for more of signal. I don't have much on right now, I had a terrible week.

  • standard_and_poor

    I love gardens, I just started a herb garden. Tulips and ferns are sprouting. Too many darn
    squirrels are sprouting as well, a few may be blind.

  • katzo7

    Yes, posts often.

  • katzo7

    I'd give it a bit more time than 1 hr. there will be fuckery going on, either a head fake to the upside, then down, or it will keep on going up. IMO, it is set up for a slight rise u at this point based on MACDs/stochs, then what I do not know.

  • katzo7

    Where are you located S&P?

  • katzo7

    S&P, I shoot any squirrels that are around with my .22. Blind ones are easier to get. LOL
    J/K

  • tranchefoot

    This is interesting. Notice how the market snapped back in october when it first poked below the fibbo fan line. Perhaps we will see a symmetrical snap-back next week with a selloff (and retrace).

  • Squidman

    You better be eating that harvest!

  • Blind_Squirrel

    +1 for admitting to Ass Kissing!!!!!

    The truth will set you free!!

    LOL

  • Squidman

    Been watching that inverse for what seems like an eternity. I'm quite sure they already have a plan for pumping the results. It will probably play like a bad jobs report that “could be worse”. Whatever happens, the volume should pick up nicely.

  • GoingForBroke

    Welcome back Katzo7, your sense of humour was missed in your absense.

    I too received a bit of a tongue lashing, or at least perceived it as such, a few weeks ago, but one has to brush it off and try not to get upset. I keep in mind that this medium in particular is ideal for unintentionally upsetting people. Without eye contact and restricted only to plain text it is so easily to missunderstand what is said, or to misinterpret attempts at humour.

  • katzo7

    Yum. I see you just signed up to follow me on Disqus. I hope that you are aware of the charge, I don't do this for free.

    And someone with your clinical background should be able to discern the slightly touched with criminally insane–I fall in the latter category.

    Where are you located? I better ask more specifically, what state and city, because knowing you from this blog, you will provide me with some hippy dippy 1960s flower power answer.

  • katzo7

    YOu got to post that app letter for mole's new secretary position.
    ROTHLMFAO.

  • Squidman

    I'm in the mountains behind Albuquerque, with a view of Santa Fe in the distance, land of crystal worshippers and other such freaks. I did grow up on the beaches in Hawaii surrounded by hippies living in bread delivery vans. I was following your thread because I did not see your Lester article. Alas, I fear there is no hope for the Jester–but I applaud everyone's efforts. At his age, it is doubtful he will gain the capacity to listen.

    And yes, I have been locked in rooms, alone, with the criminally insane. Kind of like taking a position in this market. There is nothing quite like talking to someone on Haldol, who is hearing voices, and clenching their jaws so loud you think their teeth are going to crack. How about as payment for your fee I promise to let you know when you've gone that far over the edge.

  • Matador11235

    Glad your distress has ended. Mole's recycled Cristall did the trick. hehe.

  • StainlessSteelChicken

    +1 for mocking The Secret

    What is Peak Liquids?

  • katzo7

    Dear Peggy May,
    On behalf of mole's negotiating team, we are able to offer you $159K per year with benefits, health care, personal days, and paid vacation. I know you are a bit stressed about not being qualified, but do not worry. I can provide some gentile “hands on” assistance to help you integrate into our firm.
    Congrats.
    Hope we can start real soon,
    Signed,
    Katzo7 to everyone else, katzo#1 to you.

  • katzo7

    LOL, deal.

  • mikevadon

    To all my followers. I will have a post later on today in the evening that will include charts and graphs of every domestic market and index (and some foreign ones too)…

    http://www.mikevadon.blogspot.com

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

    I am short ES @ 875 stop at 882. I am expecting gap down on Monday. Based on my chart I see we closed below one major resistance. to confirm the down trend we need to go below 840.

  • BalaB

    “I had a terrible week.” – That Sucks Anna….
    No worries….

  • BalaB

    'I did grow up on the beaches in Hawaii ” – That must have NOT sucked.

    “I have been locked in rooms, alone, with the criminally insane” – This MUST have sucked.

  • BalaB

    PROPOSAL

    So, I'll be the first to admit I've been a loud mouthed obnoxious douche lately. But trust me when I say its because I'm so excited about (finally) reclaiming my dignity after a personal nightmare I wouldn't wish even on my worst enemy (granted I could have picked an easier goal than trading…hehe).

    Anyhow, I recognize our frequent banter (sometimes horribly inappropriate) may offend or frustrate some of the rats. Therefore, does any wish to open a chat window along side Evilspeculator? This way, we can leave the important posts/info for the site while the childish, errr…..I mean wildly hysterical banter and trade intra-day ideas for the chat room?

    I have a sense Mole and some of the regulars don't appreciate the comments as of late and I'll definitely assume some of blame. Let me know what you think. We can just do a gmail chat or something similar.

    I'm proposing this only out of respect for the community and HAVE ABSOLUTELY NO ALT MOTIVES (so don't even friggin bother.)

  • phantomflash

    Not if the average trade is half the profit — which appears to be approximately the case, based on information available so far.

    This is not to say that Evil.Rat is bad, but that Resident.Evil looks a lot better (in real world operation).

  • fuzzygreysocks

    I think I feel an lumbar disk rupturing just looking at that.

  • fuzzygreysocks

    Katzo,

    I don't know how many people you've met, but I've met… more than I wish.
    People are effin krazy.

    You're smarter than the average bear, right?
    Right.

    Now, do you think the CEOs and Divisional VPs and POTUS and Governors all give a flying rats arse about every off-color, inappropriate, outright rude remark any of their little pissants shoot across their bow?
    Five bucks say they just ignore it and don't even notice.

    Hold yourself to that standard.

    Your friends won't say truly ugly stuff if they mean it.
    So if one of your online friends does say something… “inappropriate” then we mustn't have meant it.
    You may have sense. We may not.
    And who gives a sh!t what a$$holes think, so…

    Have a beer & a smile.
    Wheeze all coo.

  • annamall

    I am short NQ @ 1400.50 Friday pm I sure think so too from the divergence that has been building. πŸ™‚

    I thought of posting a picture of me on fur rug, but I thought it wouldn't be fair! πŸ˜‰

  • annamall

    Thanks BalaB BTW how is that cute pup doing?

  • molecool

    “I have a sense Mole and some of the regulars don't appreciate the comments as of late”

    I propose we tar and feather him then carry him out of town on a rail.

    (j/k)

    What is it with all the drama here lately? You guys are worse divas than I am! I think the sideways April has damaged everyone's self esteem – let's just move on and focus on banking coin. Money buys hot women, which in turn boosts your ego πŸ˜‰

  • BalaB

    : ) He needs work. LOL….Very sweet and loving but his aggression
    needs to
    get under control. We're working with him and I have total confidence
    we'll get it under
    control.

  • Squidman

    Both experiences have probably permanently affected me. Basically a bumb at heart. The results from Reagan emptying the psych hospitals and gutting funding were severe and are still rippling. The reality of these places, to this day, are so much worse than “the Cuckoo's Nest”. And true to form, the people I worked with were the nuttiest of all. I have truly been blessed.

  • molecool

    MOVING ON…

  • Squidman

    It has been interesting to me how people who engage in such a blood sport as this seem oftentimes thin-skinned. I think it is the stress involved, or perhaps some have ego invested in winning the trade. Even TK seems to take it personally at times. I think it's good that folks are able to blow off a bit here. I guess we also need to accept our basic characters as obnoxious ; >. I still love you BalaB!

  • BalaB

    Unfortunately, I'm all too familiar with those same rooms. Three
    months after I married my first wife,
    she had an accident that essentially destroyed her brian and
    subsequently developed severe
    Hyper-Mania and Dementia. Not fun to say the least.

    But, I'm very fortunate to have made it through that experience
    intact……..
    Onwards and Upwards!

  • annamall

    Did he come from an abused background maybe?

    You'll do it! I know you will.
    What are thoughts on next week?

  • Blind_Squirrel

    Feo will be coming to visit you
    Sunday Night.

    Issaih Ch.5 V. 20

  • annamall

    Does it buy hot men? πŸ˜‰

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

    you can email me that πŸ˜‰

  • katzo7

    Not into that.

  • katzo7

    What do you charge per hour?

  • katzo7

    Feo?

  • BalaB

    Yeah he did come from a rescue
    As for next week, I stopped bothering to forecast. I'm just gonna
    keep scalping the mornings and
    stay away from the BS.

  • annamall

    πŸ™‚ glad to hear that!

  • katzo7

    I just had 1/2 dozen of fresh (I hope no alternate there, stale live oysters?) raw oysters. If you know the myth, WATCH OUT.

  • Blind_Squirrel
  • katzo7

    I guess I am just a sensitive pony tailed guy (without the pony tail).

  • katzo7

    “I've been a loud mouthed obnoxious douche lately.” I guess I will have to fight you for that title.
    “Anyhow, I recognize our frequent banter (sometimes horribly inappropriate).” I went back and looked, WHERE IS IT?
    “may offend or frustrate some of the rats.” trading takes many forms, money for stocks, money for XXX (I will leave that up to your imagination)
    “does anyone wish to open a chat window along side Evilspeculator” If this is pointed at me, can I go there too?
    “I have a sense Mole and some of the regulars don't appreciate the comments as of late” WHA? does this guy thinks he owns cyberspace?
    “I'll definitely assume some of blame. Let me know what you think.” I think you should assume all of the blame. LOL
    Oh shit, I read the “don't even friggin start” thing too late. Sorry BalaB.

  • BalaB

    LOLOLOLOL

    I'm just trying to be diplomatic and, yes, apologetic.

  • Squidman

    Sweetie, you don't need to buy them. Brains for business and a bod for love. Now if you want to keep them, the money won't hurt!

  • Squidman

    I think the therapy you get here is priceless! For those who have ears I am quite content spewing analysis for free.

  • Squidman

    Withholding again! Heavy shit man–glad it has made you stronger (and more sensitive)!

  • Macrawn

    Thanks I like checking your charts.

  • katzo7
  • katzo7

    Put ear buds in, turn vol. up
    http://www.youtube.com/watch?v=p7jr9WBDVXQ&feat

  • standard_and_poor

    New mexico is cool!
    Brujeros, crystals,
    pinon fires…

  • standard_and_poor

    Don't tell anyone but I'm hiding out in cago.

  • standard_and_poor

    Don't shoot anything you don't plan to eat, you know NRA rules.

  • annamall

    I was kidding! πŸ˜‰ but I agree it won't hurt!

  • annamall

    Oh whoa! πŸ™‚ the reason being oysters are full of selenium! Good for a natural (should I say) BOOST. πŸ™‚

    And dirty martini's are my favorite.

  • disrespekt

    Oil is loosely defined as Crude & Condensate.

    Liquids include unconventionals, biofuels, natural gas liquids, and other liquid energy equivalents.

    You can find the various productive curves at TOD. Essentially, C&C peaked in 2005, but there were sufficient increases in biofues, NGL, and unconventionals, to make a higher total liquids peak in 2008 despite a decrease in C&C production.

    The problem with other liquids besides NGL is that they are of ridiculously lower EROI than C&C. Original oil production had a 100:1 energy positivity ratio; we are now down to 3:1 and dropping. Tarsands require massive consumption of energy to heat water to mobilize the bitumen. So much so that Alberta was or is going to construct a nuclear plant to do it; right now they are burning tons of natural gas. This swaps one form of energy for another, albeit at a positive EROI.

    The oil situation is not a matter of running out, it is a matter of diminishing return on investment. When I explain peak to people, I try saying things like supply inflection or supply cannot increase, flow rate maximum…most don't get it. EROI is a bit easier to explain; it's like an apple tree. You go after the low-hanging fruit first; it has the highest energy positivity, because you don't have to climb for it. The higher fruit you have to expend energy to go up and get, and so your return on energy invested gets lower. And, oil wells, unlike apples, don't replace themselves in a year. At some point, the energy from an apple equals the energy needed to climb to get it. At this point, you are at breakeven and the rest of the tree higher up is inaccessible. Even if it has infinity apples higher up it takes more energy to get them than you get back. This is why things like theoretical reserves in shit like oil shale or other low-EROI sources, including tarsands are grossly misleading.

    The oil situation is about rate of supply, not reserves. Canada ostensibly has 250B bbl in tarsands, equivalent to the reserves in Saudi Arabia. The difference is that that 250B worth of bitumen will only flow, at best, 4-5mbpd and this means consumption of massive amounts of NG, a nuclear plant, and the pollution of nearly every fresh water source west of the rockies. KSA on the other hand, flows 10-12mbpd from conventional sources. This is a clear indication of diminishing EROI and why those who claim that there is a trillion bbl in shale are fools. So what if there is? Let's just make it a quadrillion barrels…so what? We cannot get at them at a rate sufficient to support the rate at which we desire to consume them. Peak oil is about rates, not reserves.

  • katzo7

    You watch the two vids I sent you?
    Gin or vodka martinis?

  • annamall

    Absolutely first thing this a.m. I tried to reply but didn't see it on the other page I loved them, awesome. Thank you K!

  • katzo7

    And Italian girls are my faves.

  • StainlessSteelChicken

    Thanks man. The ROI argument is much easier to grasp, thanks for putting it in those terms.

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

    Thanks man. The ROI argument is much easier to grasp, thanks for putting it in those terms.