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Intra-Day Update: Whoopy Whipsaw
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Intra-Day Update: Whoopy Whipsaw

by The MoleOctober 24, 2008

UPDATE 9:51am EDT: Things are moving quickly, so I’ll be updating here as things unfold. We opened lower and are now pushing higher. Yen is dropping right now after reaching 13 year highs last night in Asia. TNX is on fire and currently at 36.10 – above yesterday’s close. THIS IS PERFECT. We didn’t want the circuit breakers to kick in and we want to keep things orderly. I really don’t think ‘this is it’ – my personal belief is that wave 5 of (3) continues to unfold.

UPDATE 10:22am EDT: FYI – the Yen is completely oversold right now, which presented us with that big pop after the open. It’s slowly swinging around and once it hits 20-25 on the stochastics, things are going to get very ugly. Put down your crack pipes and strap on your helmets, people.

UPDATE 10:34am EDT: In case we somehow start to rally – I will load up on DIA calls if we breach 8400 on the YM futures which is an important pivot. If this market wants to rally, I won’t fight it.

UPDATE 11:08am EDT: NQ futures are now testing the 1200 level, and both the YM and ES are respecting that level as well. I already am sitting on a little hedge but will dump it if we drop from here. Institutional buying pressure has been very strong since the open, obviously the PPT is attempting to avoid a crash 12 days before the election. So, don’t fight this people – watch those pivots I’m posting and be ready to hedge yourself if you see those breached.

UPDATE 1:29pm EDT: Don’t ask me what the market is doing at this point. All my indicators are completely divergent. TNX is going up/down but is keeping above its 50% mark. Yen taking it up the rear, it’s almost gay. Market attempting to rally, but not going anywhere – guess the institutional traders are on their lunch break. TED spread has increased again (bearish), at the same time I think the moody/treasury 3 month yields might have narrowed (I don’t get realtime data unfortunately, only 1 day back). Wave count could indicate an ending diagonal, which would really suck. But there’s nothing that’s telling me we’re in for a strong rally either. Tough call – so far I have been sticking with my guns, but if we don’t get some kind of move in either direction before the close I might consider going into cash.

UPDATE 2:45pm EDT: Just wanted to let you guys know that I cashed out – yes, this could be a big mistake but I can’t trust any of my indicators at this point and I am a trader, not a gambler. So, I decided to call it a weekend in anticipation of a 3:30pm PPT rally. Very nice profits today – if we wind up crashing today I am still ending the day with fine profits. This market is too insane to hold a ton of puts over the weekend.

UPDATE Closing Bell: Well, what can I say – I seemed to have been very lucky with my timing today. Walked away with cash in my pocket and will live another day to play whatever the markets throw at us next week. I hope you guys banked some nice coin today and are all getting ready to kick back and enjoy a wonderful autumn weekend. I will be in touch in a day or two with my notorious weekend forecast. Until then – don’t do anything I wouldn’t do (which doesn’t leave much admittedly).

Cheers!


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!

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  • permatrader

    can you post the wave 5 of (3) support resistance lines…

  • http://investingadventures.com Jorge

    Existing home sales up 5.5%… damn you home buyers!

  • molecool

    Yeah, foreclosure sales.

  • BigHouse Aka Mr Vix

    Mr Vix only up 10 now 🙁

  • http://investingadventures.com Jorge

    That's probably how my wife and I are buying our first home in the next 12 months.

  • gagelle

    Exactly.

  • molecool

    Everyone enjoying the ride so far?

  • https://www.evilspeculator.com berkshire

    no doubt….you are not the only one frowning…

    Skål!

  • molecool

    Yes, the keys will come in crackerjack boxes.

  • gagelle

    I read an article yesterday about the new government lending program trying to contact homeowners in default. They found that 45% of their contacts were empty houses.

  • http://investingadventures.com Jorge

    See, I'm looking at it from a business perspective.

    – Find a home
    – Offer 10-20% under ask (split the bid / ask!)
    – Seller sells due to desperation
    – Wife is happy because she has a home
    – I have boatloads of relations

    😉

  • https://www.evilspeculator.com berkshire

    ROFL…not surprising however!

    Skål!

  • molecool

    I saw a report on a service that goes and cleans out those abandoned houses. People are leaving huge TVs and furniture behind – they don't even have the money for a moving truck. All this stuff is getting trashed since not even the Salvation Army seems to want them.

  • gagelle

    I wonder why CNBC won't bring in John Murphy, even as a guest analyst. He was the only one on CNBC who told the truth. I guess I answered my own question. They would even occasionally get John Bollinger. How things have changed.

  • molecool

    NEW UPDATE ABOVE.

  • molecool

    The truth has not been very popular in the last 8 years – why start now?

  • BigHouse Aka Mr Vix

    CNBC is a joke. They have the worst anchors there. Rick S is the only smart one.

  • ProZachJ

    Hey bernake wants to throw money from helicpoters, why not houses? or at least the keys…

  • DMS425

    Ha!

  • BigHouse Aka Mr Vix

    Market seems like it doen't want to go down.

  • https://www.evilspeculator.com berkshire

    Barry from the big picture mentioned the other day that noone from Barron's is aloud on CNBC anymore after doing a cover story about “Shorting Cramer!”

    Damn that press…

    And screw our Constitution!

    Skål!

  • ProZachJ

    More like the PPT doesn't want it to go down.

  • BigHouse Aka Mr Vix

    Hey Erik..You still long. Also Johneeboy you still up tonight over there in Australia?

  • https://www.evilspeculator.com berkshire

    If you nibble along the way, you will do very well.

    I am a HUGE proponent of dollar-cost averaging on losing positions!!! ESPECIALLY if you have a long term out-look or time-frame!

    Skål!

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

    I'm here in Australia – http://www.hervey-bay-holiday.com still watching this battle on the 5 min chart. It's 1.08am should be in bed – maybe thats where Johneeboy is. Following my SCC position.

  • BigHouse Aka Mr Vix

    Its going to be interesting to see what happens with the Fed on Tuesdays annoincement. I dont think they will do anything before that.

  • BigHouse Aka Mr Vix

    8400 was hit.

  • The Kool-Aid Kid

    Are we long?

  • BigHouse Aka Mr Vix

    these rally's are all sloppy counter trends.I feel they will dump this later in the day. Who wants to be long over the weekend? Dont get sucked into these games.

  • gagelle

    Mole, what do you think about the dollar falling from this level?

  • gagelle

    I tend to agree.

  • gagelle

    I tend to agree.

  • BigHouse Aka Mr Vix

    “”News coming out that Treasury Officials will inject capital into banks in the coming days”””.

  • ronamatron

    Good morning, guess I missed some fun earlier. First trade is long /ES @ 877 which I'm still holding.

  • ronamatron

    Annnnnnd I'm stopped out at 880.5. As soon as I get into profit I move my stops up above my initial price since I don't trust these rallies much.

  • molecool

    Saw that last night, yes. Little good will it do. Market is starting to figure out that all that added liquidity won't fix the problem.

  • BigHouse Aka Mr Vix

    I shorted the qqqq's at 30.03 Lets see if it goes down from here. Nice rally here from the lows

  • Erikd

    still 75% long.

  • gagelle

    I'm partly short and partly in cash.

  • ronamatron

    I'm thinking short on the /6EZ8 right about meow.

  • gagelle

    CNBC: The latest joke is that people are referring to their 401ks as 201ks.

  • BigHouse Aka Mr Vix

    Silver hit 681 on the dec contract today.

  • BigHouse Aka Mr Vix

    Silver hit 681 on the dec contract today.

  • ronamatron

    Covered @ 1.2661. Nice.

  • BigHouse Aka Mr Vix

    Living on the edge lol

  • Growler

    Secretly I'm hoping for some good old fashion rioting. I've got my sopping list ready! Guitar Center, here I come…….

  • molecool

    Absolutely.

  • gagelle

    Oh no, I have to see the bald head again. Anyone a Futurama fan? Their heads will be preserved in a jar and influence economic policy 1000 years in the future.

  • ronamatron

    Someone mentioned this on another blog and I tend to agree with it, he said “It's kind of like being the tallest midget in the room”.

    It's a currency, so you have to compare something against the dollar before you can really pick a direction.

  • molecool

    Wave count inconclusive – I would be careful here betting on much Dollar weakness. It's 50/50 at this point.

  • molecool

    Are you talking about Gold futures? Because that would be quite a rally for Silver.

  • ronamatron

    You didn't catch that 7000% rip on silver? Tough break.

  • moneyfarm

    May short ESRX above 54.24 – anyone else?

  • BigHouse Aka Mr Vix

    6.81 oops lol

  • JanRosannadan

    Mole/Berk….

    Thanks for your pivots. I'm using a crayon. Any Fed intervention may work for a short while, but this mother is going to crash. Makes me wonder if Hank and Ben have been putting band-aids on this baby just to get through to the election. I hope they burn in hell.

    Jan 🙁

  • BigHouse Aka Mr Vix

    http://www.cnbc.com/id/27360281

    Chuck Norris on the market

  • BigHouse Aka Mr Vix

    drip drip down

  • gagelle

    Thanks molecool.

  • molecool

    “Makes me wonder if Hank and Ben have been putting band-aids on this baby just to get through to the election.”

    No doubt, Jan – no doubt. I can't wait until this damn election is done over with.

  • molecool

    That's the way we like it.

  • molecool

    Must have been a spike – LOL 🙂

  • gagelle

    If I make enough money, I might be able to move to the coast and get out of this homophobic hick town. My son's friend had his car vandalized because it had an Obama sticker on it.

  • T.B. Aurelius

    Berk.
    You said yesterday, that you were hoping it isn't building into a “Ending diagonal.”
    Why?

  • gagelle

    Are YM futures on Prophet charts? and what is the symbol?

  • malusDiaz
  • ronamatron

    @YMZ08

  • gagelle

    Thanks ronamatron.

  • Ukla the Mokk

    Sweetness. I had my single best day today. Yesterday I bought 2 contracts of DNA puts, 1 contract at a time during yesterday's afternoon rally. This morning I sold them both and banked just over 7% of my ACCOUNT PORTFOLIO VALUE with that trade alone.
    Thanks to the genetically engineered superior intellect of our astute bloggers molecool and Berk, and the support of the rest of you guys and gals, my account is up almost 20% for the month of October. I love this blog.

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

    Chop chop chop time, I'm going to get something to eat before the pros close the market in the last 2 hours.

    Only holding /ES short @ 873, stop 880.

  • Growler

    Gagelle = Name this trivia. In what Family Guy episode did Peter break out a musical number entitled “Shapoopee”?

  • BigHouse Aka Mr Vix

    Volume is not really that high today.

  • gagelle

    I should have bought some more FSLR when it was up.

  • moneyfarm

    Ukla,
    Nice job. I'm still holding my CELG 60 puts. Could have made some nice coin if i dumped like you in the morning drop. I may unload if we get an afternoon plunge. I've got a price target of about 50 on this stock short term – we'll see. Cheers.

  • molecool

    Brief update above.

  • http://z-stock.blogspot.com/ zstock

    I was all LONGS from yesterday__NEM +1%, WFR +8%, INTC Nov 15 calls-cov, for 11% gain.
    Better to be lucky than to be right?

  • molecool

    Do you guys all know your futures months?

    http://screencast.com/t/4B4HycpRdX

  • benji12

    I'll tell you all what's gonna happen. Last 30 mins, the mkt will sell off like no other. And the once the weekend comes around, people who were dumping on friday will realize what is going on and dump on Monday, combined with Hedge Funds and Mutual Funds selling off position for fiscal yr end. And then, you will have a true bottom.

  • https://www.evilspeculator.com berkshire

    Because I am bearish…and holding puts.

    But ANOTHER view of an ending diagonal is poking its head out…and I really don't want it to be…To bad markets don't run on hopes….. Oh wait!

    Skål!

  • nkm45130

    Yen BLASTOFF!

  • Ukla the Mokk

    As usual, I took my profits while I had 'em. The big bucks won't come until I learn to hold on for a few days, like what you're doing. I hope you meet your goal bro.

  • BigHouse Aka Mr Vix

    Mr Vix back at 80 again 🙂 aaahhh

  • Ukla the Mokk

    Everything just looks so outrageously oversold I just cannot bring myself to get into anything. Nothing looks worth trading IMHO. Especially with the VIX as high as it is. It'd be nice to have a nice rally for a few days just in time for the market to take a dump before the election.
    If nothing really changes though, I might not even have any worthwhile candidates to seriously watch for Monday.

  • malusDiaz

    Just went 100% cash, 7% portfolio up! Thanks Berk & Mole!

  • Donna

    Freakishly quiet…. I don't like it one bit.

  • JanRosannadan

    Extra, Extra…Fed is going to be putting money into insurance companies! For their next trick, they will be eating paper and shitting dollar bills.

  • ronamatron

    Oh they are going to pay for stopping me out of that ES position. Made for a rather expensive sandwich.

  • molecool

    Smart move – and you're welcome. Enjoy your weekend and have one on me.

  • toad37

    Congrats on your profits, You worked hard and deserve all of them.

  • http://z-stock.blogspot.com/ zstock

    Ukla, are you looking at any XLE stocks? USO is usually up on Monday. I'm going long on some XLE companies, MRO, SU,XOM,COP

  • BigHouse Aka Mr Vix

    Boy people are trying to hold this market up. games games games

  • BigHouse Aka Mr Vix

    No balls no babies mole lol..I am keeping my short on the qqqq's

  • ronamatron

    New position is long ES @ 877. Just trading what I see. Stop set at break-even.

  • BigHouse Aka Mr Vix

    You out there Erik?

  • http://z-stock.blogspot.com/ zstock

    I'm going long overnight as soon as DIA gets to 82.5. Mostly XLE stocks. and CSCO

  • molecool

    I respect that, and would stick it out with you, but all my indicators are diverging, so I grabbed my money to play another day. I sincerely hope you prove me wrong.

  • T.B. Aurelius

    No you don't.
    You will be rolling around the floor banging your head on the floor screaming “shoulda, shoulda, shoulda……”

    Now, that was evil…

  • BigHouse Aka Mr Vix

    I might put a stop at 30 . Looks like it doesn't want to go down.

  • molecool

    Actually, no I won't. I would know that there is always another day and that I made massive profits today. Which is money I can use to trade the upside. Again, I never beat myself up when I lose following the rules. My indicators are telling me that the odds are strongly against me at this point. This is the difference between gambling and trading. Traders know when to stop and get out.

  • T.B. Aurelius

    FYI
    I am not sure what is your view of ending diagonal…
    But I think ED that finishes the bear run can be one of the most incredible run.
    On top of that, it is the ultimate way to prove the majority wrong in extreme whipsaw…

    I pay a lot of attention on what people say, even in blogs, I pay more attention to what is beneath the words, and judge the mood by them.
    As of now, camp is split, and both sides are so sure and both have valid view point…
    We are stuck…….
    Whipsaw seems perfect…
    Traders and investors are too well informed, too well educated, too quick to grab the newest newses.
    We all are too smart for our own good…
    As said in Kill Bill 2, “We deserve to die Bill.”

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

    Never look back, losing money or leaving money on the table, just look ahead to plan the next trade.

    by the way, where do you guys get the TED Spread? Bloomberg?

  • T.B. Aurelius

    Where are you?

  • molecool

    Right here – very cool:

    http://tinyurl.com/4qsk7g

  • gagelle

    I'm out of everything. Did very well this week. Now I can sleep this weekend. Molecool and Berk, you guys are the best, as is everyone on this blog. 98 comments! This place is really picking up. Maybe when we're all rich we can rent some rooms in a nice hotel, meet in person, and have a giant party.

  • T.B. Aurelius

    Actually …we might be talking about 2 different ending diagonals…

  • ronamatron

    Out of everything, took +13 ES points and ran away with my monies.

  • gagelle

    Nice, who would have thought.

  • molecool

    Nice – good show.

  • molecool

    Let's not forget the floozies.

  • molecool

    I know – you find gems in unexpected places.

  • BigHouse Aka Mr Vix

    damm they are selling qqqq's hard after hours ….i got stoped out at 30 its now at 29.14 ..Oh well

  • molecool

    Now this I gotta see 🙂

  • molecool

    Nope, didn't happen – better luck next week. What's interesting is that if the Yen rallies overnight in Asia and then drops here it doesn't do us much good. We need to see momentum in the YN to be emerging by the time NYSE starts over here.

  • Ukla the Mokk

    I am VERY apprehensive about buying calls on anything since the volatility is so freaking high that the moment we get any upward movement in the equities the VIX will plummet.  I won't get into put spreads right now…so for me, it's either puts or cash.

  • C.C. Rider

    Gift for the bears IMO. Black Monday? 1987 Redux?

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

    http://hnn.us/articles/895.html

  • gagelle

    That goes without saying. Charlie from 2 and 1/2 men is my role model.

  • gagelle

    I heard some analyst on CNBC say that the Fed wants to get the dollar down because of the high debt load they're carrying.

  • gagelle

    Interesting article on the 87 crash. I remember a tremendous inflation in real estate before the crash which caused a collapse in the that market. It didn't get back to the pre-87 highs until 2004. At that time, (Pre-1987) if I remember correctly, there were big Japanese investments in US commercial real estate. An acquantance of mine lost a fortune ( I'm talking millions) from the collapse of a commercial real estate deal. He was building a hotel with some other investors in NYC when a Japanese bank pulled its loan and he couldn't get a mortgage anywhere else.

  • Ukla the Mokk

    I had a MON trade that I exited on Tuesday (3 put contracts) for $52.50 in profit. If I woulda held on to them until today that trade would have made me about $2500.
    And yet I cashed out my DNA trade today instead of holding it. I guess you can't go broke taking a profit.

  • Ukla the Mokk

    This week alone my account went up approximately 9%

    http://www.youtube.com/watch?v=H3FuTX5fams&feat

  • molecool

    Excellent – one step at a time. I'm proud of you.

  • molecool

    PLEASE….

    STOP listening to people in CNBC. If the Fed wanted the Dollar down it wouldn't have closed at 86.42 today.

  • C.C. Rider

    Molecool, You need some tics?!!

    http://www.stubhub.com/ac-dc-tickets/?ticket_id

  • Ukla the Mokk

    Check out WYNN on a 10-year DAILY chart…can you say “broken support?” Given the LVS's drop, I'd say WYNN is also headed down in a big way.

  • gagelle

    Tim, from looking at the charts, also had also mentioned something about the dollar being ready to fall. I normally don't even listen to the analysts on CNBC. But I'm sticking with your analysis molecool. You've been right on the money with gold.

  • C.C. Rider

    Interesting comparison of Broker/Dealer Index and the Nasdaq bubble. Headed for 50 on the former and 800 on the latter.

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

  • ZigZag

    Here's another “Failed Bank Friday” post…..

    On October 24, 2008, Alpha Bank & Trust, Alpharetta, GA was closed by the Georgia Department of Banking and Finance and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.

  • Gumbo YaYa

    Guys, is the biggest wave usually 'big wave 3' or the 'big wave 5' of the major waves down (now in 3, right?).

  • http://www.baobau.com segaa

    OMFG! I watched WYNN swinging around $100 and now it's only 36!

  • BigHouse (Aka Mr Vix)

    If this market rallys on Monday and Tuesday “on the Fed news” and goes through 922.83 at anypont on the S&P's cash , then this pattern is going to consolidate more until the election. Then take a dump. I guess it would look like a bigger a, b, c, d, e pattern. I remember stating a week or so ago that this pattern would take a week or a month to resolve. With that said, If we plunge on Monday and into Tuesday then it might mark an end to wave 5 on the Fed news. Thats if the plunge is real deep, say 6500-7000 on the dow. But after looking at all of the stuff the Fed and Treasury have come up with… it has made matters worse. So i guess if history is a guide…its going down on the fed news lol. Just throwing it out there For the record i sold my 90 Nov calls on the Vix today just in case this rallys on Monday and Tuesday, But i kept the Nov 80 calls .Boy, the Vix was on fire today.. In fact the Vix shot up to 89.53 at the open . I know iam the only one trading these things, but there is some serious money to be made in this area. I feel more and more people are trading the Vix b/c its staying so high.

  • BigHouse (Aka Mr Vix)

    i almost forgot. I big buyer came in the Vix today buying the Feb 2009 60 calls at 1.80, 1.90 and 2.00. This is odd b/c volume this way out is very low. Total volume was over 15k. Folks that is nuts. Finally, Market Makers have put up lines of 110, 120, and 130 on the Vix Just as i predicted. When the plunge happens i say they have lines to 160.

  • gagelle

    Fresno

  • gagelle

    I believe it's “Patriot Games” http://www.clipshack.com/Clip.aspx?key=2AE28F5B

  • gagelle

    How about this one?

    http://tinyurl.com/5bvqw4
    [Open in new window]

  • gagelle

    Check out what GE, parent of CNBC did to the rivers in New York where they dumped PCBs for years.

    I remember when I was in high school they had an executive from Kellogg visit the school to give the students a pep talk on career success. This guy in the audience had done his homework and knew details about an incident when Kellogg knowingly used contaminated water to manufacture its cereal. He started shooting questions at the exec. who became angry and started yelling at the student. The school administrators stood there with their mouths open, having no idea what to do about the situation. I think Carl Jung had it right when he said that large organizations have the morality of a wild beast.

  • Fergie

    You're not the only one that has suffered expensive lunches. I got stopped out of a position recently only to have it move $60K in my favor had it remained an active trade. In these volatile times, the stop has to factor in greater variance. Fortunately, my gains enable me to stomach larger paper “losses” and increased my margin account ready to deal with any trades that turn against me. So eat, drink and be merry. There will be plenty of more fish to catch!

  • http://z-stock.blogspot.com/ zstock

    The Federal Reserve's commercial paper facility, which becomes operational on Monday, Oct. 27, will allow highly rated companies to tap the government for three-month loans that are crucial to their daily operations. This is good news for cash-strapped companies that have been struggling for more than a month to find financing for longer than just one day.
    http://online.wsj.com/article/SB122487190124567

    Ok, now, just take a moment too digest the above paragraph. To me that says small business can now finally start paying their payroll again. Monday market crushes the VIX.

  • https://www.evilspeculator.com berkshire

    Usually it would be wave 3, but wave 5 can extend also. Wave 3 just cannot be the shortest.

    Skål!

  • Growler

    You're the man. Giggity Giggity.

  • Growler

    hahaha! That song and the “Sodomy” song (aka Cowboy Butt Sex) are my two favorites.

  • Hard_Rain

    I don't think the FOMC meeting means very much at this point. Sure, they will probably cut, but at this point Bernanke has thrown most of his punches. …and this bear is just warming up:

    http://invisibleman.com/bernanke_boxes_bear.jpg

  • Ukla the Mokk

    Hey, email me at my yahoo account — headbanger51 — Thanks!

  • BigHouse (Aka Mr Vix)

    5 wave extendtions are much more prevalent in currencies and commoditys. Not so much in stocks.

  • molecool

    Berk said can – nothing is guaranteed in the wave cycle. Besides, as we are most likely still in wave 3 of (3) smaller degree extensions can accumulate as a series of 1,2s.

  • molecool

    Aren't you supposed to working off your hangover? 😉

  • Post Turtle

    Just wanted to make sure that you saw coffeygrinds post on SoH with this link. http://blip.tv/file/1393656 The video discusses the same Vix buy. I don't know what it means though…

  • Post Turtle

    Hi Mole and Berk,

    Yes, I lurk here also. ; – ) I enjoy your blog and you have the best chart talks that I've found. In case you are wondering about my avatar, when you're driving down a country road, and you come across a fence post with a turtle balanced on top, that's a 'post turtle' '.

    You know he didn't get up there by himself, he doesn't belong up there, and he doesn't know what to do while he's up there, and you just wonder what kind of dumbass put him up there to begin with.

    That pretty much discribes my trading capabilities. But I'm getting better!

    Thanks!

  • molecool

    Mmmh – have you ever heard of the turtles and Richard Dennis?

  • molecool

    CLEAN CUPS!

  • Post Turtle

    Yes, I'm absorbing everything that I bump into. I found this site, saw that
    you and Berksire had turtle avatars.

    I dug into what that could imply, found out about the “experiment” and
    bought two books that I'm trying to find time to read; Way of the Turtle by
    Curtis Faith and The Complete TurtleTrader by Michael Covel. Apparently
    it's going to take me longer to read the books than it took Richard Dennis
    to teach the turtles. But I'm eager to learn like them.

    I hope that's okay with you.

  • T.B. Aurelius

    Oh! Sweet Jesus!
    I am sorry…

  • gagelle

    That's funny. I never heard it put that way.

  • Post Turtle

    Yes, I'm absorbing everything that I bump into. I found this site, saw that
    you and Berksire had turtle avatars.

    I dug into what that could imply, found out about the “experiment” and
    bought two books that I'm trying to find time to read; Way of the Turtle by
    Curtis Faith and The Complete TurtleTrader by Michael Covel. Apparently
    it's going to take me longer to read the books than it took Richard Dennis
    to teach the turtles. But I'm eager to learn like them.

    I hope that's okay with you.

  • T.Bear. Aurelius

    Oh! Sweet Jesus!
    I am sorry…

  • gagelle

    That's funny. I never heard it put that way.