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Where Is Waldo?
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Where Is Waldo?

by The MoleMay 25, 2009

Over the long weekend I’ve saw so much mental masturbation in the comment section – I actually came twice.

Hope it was as good for you as it was for me 🙂

Seriously rats – you guys are over thinking this whole game way too much. Despite the fact that we are tracing out a Primary degree consolidation wave, at this stage the probabilities will resolve quickly as orthogonal confirmation lines are relatively near each other. So let’s put down some ground rules:

Our mission for this week will be to find Waldo – in this particular version of the game our challenge will be to determine the bottom of Minor C of Intermediate (X) of Primary (2).

Orange Waldo: We most likely concluded Minute {ii} of Minor C at the Friday highs and are now pushing into {iii} which should take us a lot longer – first support I see is around 845 – 847, which might be where we bounce into {iv}. Thus, Minor C is still under way and will probably conclude in the 830 region.

Blue Waldo: We concluded Minor C at the Friday 879.61 lows and are now most likely tracing out Minor X, which should propel us towards the 905-907 mark. If you are short you might want to hold through this as there is no guarantee as to when it turns – might be as early as 904.

Green Waldo: We concluded Minor C at the Friday 879.61 lows as well but we completed this consolidation and are now pushing into the final Intermediate degree leg of Primary {2}. Based on the recent breadth numbers and complementing momentum/sentiment indicators I would only give this scenario about 30% as of today. If we breach 907 and push beyond 915 it would become our preferred count. If you are short this is obviously the one scenario you are worried about. Depending on your exposure you will have to take on some pain at least until the 907 mark.

Time to whip it out again – my weekly stochastic chart that is. Although I don’t put too much weight into the 200 day MA it’s interesting that we touched it and then dropped right away. Also note that the weekly stochastic is now giving us a traditional sell signal as defined by a breach through the 80/75 line (depending who you ask).

On a more short term perspective this is actually an interesting chart. Since we embarked on Primary {2] on March 6th we had a maximum of 3 consecutive down days until last Friday when we painted 4 in a row. This might indicate that the bulls are ready to push back and lead us into the Blue Waldo. Mentally I’m prepared to take on some pain this week and keep adding short positions until the 907 mark.

The CBOE Put/Call Index has been moving down with the market which is one of the reasons I give Green Waldo a much lower probability. Obviously the bulltarts only see this as another opportunity to ‘buy the dip’ and it’s very much possible that they’ll run out of tacos when the big squeeze hits them.

More evidence supporting the mouth breathing sentiment – the Bullish Percent has not budget and much downside potential remains.

The more medium term McClellan however is pushing into oversold territory which might also be a supporting arguments for Blue Waldo.

I talked about the TNX (10-year treasury yields) all week as we as we have pushed towards the 3.5 mark despite the fact that equities were selling off continuously for four days. Can you say ‘developing bond market dislocation’? 3.3% is usually where the things start getting dicey and what’s also worthwhile noting is that the spread between the TNX and the 30 Year current coupon mortgage index has collapsed to the tightest level in 2009 [per ZeroHedge]. If this continues it will destroy any plans for providing cheap 30 year mortgage – I’m sure Curly has been in a marathon session of meetings all weekend.

The ZN futures contract is based on the 10-year treasuries and hence it runs inverse to the TNX. I actually think there’s a good buying opportunity here right now and I might try my luck on some kind of bull spread. Fujian – could you poke around and see what you like?

IF this thing bounces higher right here we should should see a drop in the TNX, which would also mean more bearish pressure for equities. Again, this would support either Orange or Blue Waldo.

Eighty is a psychological mark for the Dollar and I would be very surprised if we wouldn’t at least see some kind of push back after last week’s sell off. And yes, a strengthening here would theoretically be bearish for equities and commodities – but let’s not forget that this correlation was not being observed all last week. Sometimes these type of inter-market correlations work for quite a while – until they stop working. You can’t base your trading on this and should only take correlations as a final supporting argument to your existing analysis of each respective market segment.

In terms of the wave count I would love to see a bounce here, thereby completing what appears to be a zigzag consolidation before a push to the upside.

Silver is actually offers a clearer count than Gold lately and it seems that we are now completing the 5th wave of a C wave. There is also a long term diagonal resistance line which should slow things down a little. If we see a pop higher in the Dollar it might be the catalyst necessary to initiate the next leg to the downside. Again, as I metioned above – be cautious about trading correlations and only take trades based on the merits of your own Silver analysis.

You all know that I’m not a fundamental trader but it’s still interesting to note that historically May and June are downside periods for Silver. Click on the link to access the original chart and accompanying information.

That’s all I got for you rats tonight – should be enough to keep you busy and out of trouble for a while.

Cheers,

Mole


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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  • katzo7

    And I thought I was pretty clever. I give. I cry uncle. You got me mole le cool.

    Excellent analysis as well as creative writing. If I might criticize one thing, the sentence structure-J/K. As you have said, you must have been busier than a mosquito in a nudist colony. ROTFLMAO
    And one thing about mental masturbation, it feels soooo good right afterwards, but then the guilt comes into play.

  • LostIllini

    Thank you Mole! Hope you had a great weekend.

  • Iguanadon

    If it weren't for mental masturbation, we'd only be left with…. oh, I better not finish that thought or katzo will kick me out…

  • C C Rider

    I'd give it a B+, too many spelling errors!Jeez, I thought this was a class A joint. Dig, dig.

  • Blind_Squirrel

    Mole:

    I think you may have taken some artistic license with the bed scene above.

    I think something more along the lines of Revenge of The Nerds and the after
    sex scene with Skolnick and Betty the Cheerleader!!!

    Please appreciate the fact that I'm using Betty instead of one of the Delta Moo's
    out of respect for Mrs. Mole!!!!!!!!!!!!!!

  • BearsRus

    Nice post Mole

  • Royal With Cheese

    I didn't know that Annamall smoked cigarettes !!! lol

  • katzo7

    ROTFLMAO

  • katzo7

    Well, where is the star? This is like a Big Bopper performance where you buy a ticket, he plays, then he runs out the back door and jumps on the bus. Long gone! No signing of cds.

  • Blind_Squirrel

    Good one!!!

    How's things in Paris tonight??

    Crap weather here all weekend in Florida.
    Weather in Frankfurt was nicer than here!!!

    Katzo: Are'nt you shirking your duties?
    Think Internal Affairs needs to look at this!!!

  • Blind_Squirrel

    He's probably out on his deck overlooking the canyon getting the
    Grill ready. Don't ya know it's Spaargel Season and he probably
    had a batch flown in!!!

  • katzo7

    Spaargel Season, you crack me up. After shooting them and de-feathering them (sorry Anna) do you usually stuff them before baking?

  • katzo7

    Oh, you mean the pic mole published? No don't need to look into that, I was there! And it was fantastic!

  • Blind_Squirrel

    It's White Asparagus. Germans go absolutely insane during
    Spaargel Season. Much better than our green shit here.
    They range in size from your pinkie to your thumb. They have
    all kinds of cooking and serving items just for Spaargel. About
    10-12 $ a pound right now goes to about 7-8 soon.

    They actually have it as a main course with hollandaise sauce,
    and also soup and ice cream.

  • rhae

    I think I know what MentaL Masturbation means… But what does Orthogonal mean? Oh my, I better get the dictionary out….

  • TA_Reader

    I lived in Heidelberg for 5 years and came to love spaargel with a passion (especially their cream of spaargel soup – must have had a whole stick of real butter in the pot!!!). You're right, they go insane over the month long spaargel season!

  • Blind_Squirrel

    Had Spaargel soup when I was in Heidelburg in 2007.
    Castle there really cool.

  • annamall

    Mole, I had the same feeling 🙂 was gonna ask you the same question
    I am now hoping these blonde moments will pass me by.

    Thanks for the good work, you are amazing and you know I (we) appreciate the hard work
    FWIW I would like to order the orange scenario and a side of cram down on the side 😀
    '

  • annamall

    Hey hey no animal violations Katzo!

  • annamall

    Dont rub it in 90 + degrees here with high humidity. So i spend the afternoon in the gym to work off some Phat thighs 😉

  • annamall

    OMG I love white asparagus, (green too) but while is such a delicacy! Love it with lots of hollandaise or Bearnaise

  • annamall

    My Best FF is from Heidelberg! OMG, it's small world TA. 🙂

  • TA_Reader

    Heidelberg was great, probably the best 5 years of my life. Still have a few friends I stay in touch with over there. They are cool people!

  • annamall

    ROTFLMOL who's my companion and bleach therapist then.??

  • annamall

    Don't remind me of our crappy Weather BS. if it's not 95 degrees with a ton of humidity, its raining and grey. BBllllahhhh

  • standard_and_poor

    If we break 883 I have the following targets: 869, 852 and then 843. I'll add to longs
    for long-term acct. at 843.

  • BalaB

    Mole,
    nice abs. good to see you're not:
    http://www.shaunsmithfx.com/images/gallery/300/

  • katzo7

    Sorry (he said sheepishly with remorse in his demeanor and conquest in his mind)

  • molecool

    “I think something more along the lines of Revenge of The Nerds and the after
    sex scene with Skolnick and Betty the Cheerleader!!!”

    Speak for yourself, mate – I've got 6% body fat and my abs are just as cut. Just because I've got a brain doesn't mean I'm neglecting my body.

  • katzo7

    I know how to spell Hidleberg. LOL

  • molecool

    Yeah, maybe you volunteer to write next Sunday afternoon then, pal.

  • C.C. Rider

    Did I say you're awesome? Bow down to thee!

  • C.C. Rider

    A stud who's sensitive! I think I just came!!

  • molecool

    Instead of posting snooty comments about some typos – how about you rats share the love a little? Traffic on the blog keeps growing and growing while the love meter keeps dropping.

  • molecool

    I despise people who know the price of everything and the value of nothing.

  • ropey

    i heart evil speculator

    How's that for a big of lurrrve?

  • Blind_Squirrel

    There ya Go!!!!!!!!!

    Now Anna will be melting for weeks!!!!!!!!!!!!!!!!

    Mrs. Mole, watch out!!!

    I forgot that German's do not neglect a single detail.

  • Blind_Squirrel

    Short selling ban expired in Austrailia, so now
    they are whacking insurers and financials!!!!!!

  • C.C. Rider

    I guess you don't get the dry humor via text. Se la vi

  • Blind_Squirrel

    Could she be the blond in the picture??

    Just saying, Anna with moles alleged physique,
    you may be facing some competition!!!

  • wex

    I thought the Big Bopper was an early rock and roll DJ who died in an airplane crash with Buddy Holly.

  • jacksoo

    Fabulous place – used to live in Holland and many times visited Heidelberg – -little pub down one of the cobbled streets, near bridge over river all i can recall – but they did the most amazing hot sizzle selection of German sausages – that with a few German beers was an excellent lunch.

  • jacksoo

    and in Holland BS – they'd go nuts at Spaargel season.

  • katzo7

    Jeez, don't get so specific on me. Knew someone would catch me.

  • Blind_Squirrel

    In Germany, it is called English humor!!!!

    There is less of a place for joking around in
    the DDR versus the decadent, lazy, polluting
    overconsuming Americans!!!

  • Blind_Squirrel

    Maybe the name for the new BF is the code name
    for Mole!!!

  • standard_and_poor

    If we don't break below 883 I'll consider the following stocks for purchase, with buy stops and sell stops:
    CME, 25.27, 24.01
    IMAX 7.95,7.61
    ZBRA, 21.76, 21.26
    SIFY, 2.02, 1.84.
    Take profits on half positions when they equal to exceed risk, let the other 50% ride. Entries are only valid for tuesday.
    Best of luck rats!

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

    Key levels I'm watching this week on the indices:
    http://tinyurl.com/ptg9ba

  • Blind_Squirrel

    Exactly!!

    Katzo is one to speak about typos.

    And I don't think he has been taking the lessons at
    http://www.hotforwords.com that I arranged for him!!

  • C.C. Rider

    If you saw my abs, you wouldn't say decadent and lazy in the same sentence! And since when do the germans have a monopoly on anything other than unemployment.

  • Keirsten

    S&P- if CME is in the 20's, I must have died and gone to Bear Heaven over the weekend. 😛

    Excellent Sunday write-up Mole.

  • katzo7

    Hey, I can spel real good. And my grandma is also good, I went to colegge! I don't listen to anyone who likes scarred aspergrass. Why don' they just leave those little fellers alone, let them be green like my workplace!

  • Implosion

    Would you exit your short positions if 907 is breached or would you wait until 916 to get out of your short positions?

  • Blind_Squirrel

    Sheesh!!!!!!!!

    I guess all the men here could qualify to be on the cover
    of Muscle & Beach magazine. Only on the Net!!!

    No wonder Anna hangs out here!!!!!!!!

  • molecool

    Alright guys – I just checked the monthly report and the way it's heading I'll have to raise the subscription fee on the Zero starting next month.

  • salvadorveiga

    I have an Excel spreadsheet with all trades from inception if you'd like… let me know

  • katzo7

    Pass the buttered popcorn BS.

  • katzo7

    Anna has 3% body fat, and she keeps 1/2 of it in the fridge.

  • Blind_Squirrel

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

    I hope these Rat Bastards get screwed as that short squeeze caused
    Squirrel to get his nuts BBQ'd!!!!!!!!!!!!!!!

  • Blind_Squirrel

    I just had a 3/4 pound Filet Mignon Cheeseburger
    that had 0% Fat. Does that count???

  • katzo7

    OK, I think we all need a group hug. Girls in the middle, guys hands on your heads. Too much testosterone (did I get the spelling right here BS) evident on this blog tonight. Preparing for the big game tomorrow? Men, watch that Sara Conner vid I posted again, I watched it numerous times as, in my new self-appointed MOMO role, I wanted to make sure it met my new tough standards. That should put a chill in ya. No more Mr. Nice Guy!
    Me, I am going to whip up a batch of spaetzle. You all with your white asparagus. You probably drink green beer. Me, I will stick with my, oh never mind!

  • Blind_Squirrel

    +1 for the great quotation.

  • BalaB
  • LostIllini

    Lester used to click for me….but he isn't around much anymore. Did you kill the golden goose?

    We love you Mole and not in a Butt Pirate sort of way either, although not that there is anything wrong with that.

  • LostIllini

    Mole this could be your week to finally get Gold….don't forget your ACME Gold beating stick.

  • LostIllini

    Chicks dont' like guys who are better looking than them it makes them feel insecure. Fat wallets make them feel secure….

  • standard_and_poor

    Thanks Keirsten I'm brain dead.
    CME buy at 301.25, sell stop 277.0.
    AUXK buy at 25.27, sell stop 24.01..

  • molecool

    Actually I think I'm going to go with Silver this time around.

  • Keirsten

    Thanks Sugar. Will add to my watch list. Love the gallery btw. 🙂

  • LostIllini

    Proof Positive that you are smarter than Wile E Coyote.

  • Blind_Squirrel

    I think the catalyst for any move up or down in the overnight
    will be German GDP #'s

  • InSpectre_Clouseau

    What fundamentals would lay behind silvers May/June declines?

  • standard_and_poor

    Monsta lobsta w butta?

  • kinihepu

    Excellent work Mole. I'm so happy I found y'all.

    My guess is Blue Waldo, taking out 902 or 905 late Monday or Tuesday when I go short in a big way.

  • katzo7

    Love it, can't get enough. It is at 5.99 a lb. now, don't tell Anna.

  • anotherone

    Mole, thanks for the great write up. I'm finally starting to get some of the EWT that you've been feeding us. I'm one hungry stainless steel rat looking forward to gnawing on some ferrocrete tomorrow.

    Thanks

  • standard_and_poor

    Double O, you and your lobsta never sleep. Take some white asparagus and blog in morning.

    ________________________________

  • standard_and_poor

    Thanks Miss K, Nathan is also a good guy as well as a great artist.

    ________________________________

  • Peasant

    Thanks Mole for the great work.

  • Fujisan

    Repost:

    USD/JPY Chart update. It looks like a=c pattern complete (off by $0.04) and ready to turn. Closed my shorts. Going long. Weekly chart is forming a possible Gartley pattern with a target of 108.14. Great entry point.

    Daily Chart:
    http://content.screencast.com/users/Fuji-san/fo

    Weekly Chart:
    http://content.screencast.com/users/Fuji-san/fo

  • Fujisan

    Mole,

    Great posting, as always. Thank you so much for giving us an update every weekend. I know it takes so much time and effort to keep this coming. Thanks, Mole.

    BTW, I looked at TNX and there are absolutely no open interests whatsoever in this instrument and you will have a hard time getting fills. Even if you get fills, you probably won't be able to get out. I would say “stay away from this one”.

  • http://rollinglines.blogspot.com rollinglines

    i vote for the orange case

  • TomOfTheNorth

    hey B,

    I like that ES fib in the 830s for the next stop……

    ;->

  • LeTrader

    Please post it. I would like to see it.

    Thanks in advance, Sal!

  • molecool

    I was talking about ZN futures, sweetie.

  • Graphite

    I think you want to be looking at ZN? The ten-year treasuries option market should be pretty liquid ….

  • Graphite

    How are you planning to play it? I know how much you love the SLV options! 🙂

  • http://www.pacfreehotwater.com steveo77

    Fujisan, how did such a hedging become not allowable?

    I am fully expected a dozen little ways in which the policies will be made to make it harder for people to proactively protect their money, expecially in 401K type accounts where “you are supposed to buy and hold”.

    So this one catches my eye. Mahalo.

  • raw02

    Any possibilities for an IV Rush options play on AZO tomorrow (they report on Wed before open)?

  • http://www.pacfreehotwater.com steveo77

    http://screencast.com/t/IiT1PsfYidI

    A couple of interesting channels on the /ES.

    There was talk that Geitner hinted that the PPT goosed the market to let all the “in” banks get their secondary offerings. Being kind of a conspiracist, this chart seems very telling in that regard…so now that the banks are “saved” what will support this market once those lower channel lines are broken?

    Aloha

  • Anonymous

    used to trade treasury options. they are plenty liquid. june just expired last week i believe so check out july. they may be 4 ticks wide overnight, but should tighten up to 2 ticks wide. if you want to trade a simple call spread you should be able to get that quoted up 2 ticks wide. only thing to take into consideration is the future roll. the july options will trade off the september futures.

  • v8muscle

    Great post Mole! Great analysis presented well as always.

    in my opinion it feels like we're going to pop back to 900 or so, maybe all the way to 915. Futures are basically flat and unless they sell down to 775 before open tomorrow we should see a good run green before a dump.

    Right now I'm slightly delta negative but fairly well hedged, looking to pick up some theta or IV decay (44/43 bear put spread + a 51/44 strangle, both positions in June IWM). I'm going to look to unload my short puts when we bounce to 900 or so and add short

  • MyLifeMyTrade

    Wow.. come to think of it.. what times have come now.. German GDP impacting world stock markets … wow.

  • molecool

    Yup, that's kind of what I meant 🙂

  • BigIslandLife

    Awesome post Mole you need more long weekends so we may all enjoy that which is you, a wizard on T/A and the vision & ability to show the options we will encounter with the rewards and risk we all take. Mahalo Nui Loa

  • Fujisan

    Oh, sorry about that.

    As this is the front month, I like to have longs at least ATM, if not ITM, but the closest June calls that I could find enough open interests are 119.5, which is way out of the money, so I would have to go with a credit spread of 117.5/119 bull put spread. Let me know what you think.

  • BigIslandLife

    Steveo, A conspiracist ? please come on brah you think our government does not have your best interest at heart. oh how jaded we become with some insight and knowledge. a hui hou

  • callie

    Thanks Mole, this is great work – first rate analysis, presentation and writing. A+++

  • MyLifeMyTrade

    wow… eur/usd tanking.. but es is holding firm… i am curious to see what happens to oil.. i think oil is correlated more with es and less with eur/usd…

  • onorio

    Respect mole! I just love your weekend posts…

    I just hope we can get some orange juice for this week, my puts will love it…

    I`ve been watching for the weekly stochastics for some time, the last 3 sell signals we`re at tops and all bring new lows…im not expecting new lows for now but, i shure would like to see some good pullback.

  • amity
  • goldmansucks

    A message by stock news feed. 5/25/2009 8:25 pst

    Breaking News: <a href=”http://tinyurl.com.au/x.php?1te3″>Iamned.com now allowing free

    link submissions for economics, finance, and technical analysis articles

    Breaking News: Futures rising. S&P 500 espected to open 5 points higher

    Breaking News: Paul Krugman says California's collapse has him rattled, and wonders if

    America will follow it into ungovernability. “Who would have thought that America’s largest

    state, a state whose economy is larger than that of all but a few nations, could so easily

    become a banana republic?

    interesting linkAre Green Shoots Real or

    Fake

  • goldmansucks

    Breaking News: Paul Krugman says California's collapse has him rattled, and wonders if
    America will follow it into ungovernability. “Who would have thought that America’s largest
    state, a state whose economy is larger than that of all but a few nations, could so easily
    become a banana republic?

    interesting linkAre Green Shoots Real or Fake

  • goldmansucks

    wow check this out…awesome. Who would have known?

    ha ha awesomehttp://youtube.com/67768g555rg4

    Im not an economist (obviously). The low # was good because less starts will let them work
    off the oversupply/overhang of the existing inventory, which many believe is understated
    because the banks are not fully reporting the foreclosure situation. This all depends on if
    someone will actually buy a house, because prices have not stopped going down. If this #
    came out 3-4 years ago maybe things would be a little different today.

    Dow 14000 or 3000? interestin ….

    http://thestreet.com/feature/articl/65we455r

  • goldmansucks

    wow check this out…awesome. Who would have known?

    ha ha awesomehttp://youtube.com/67768g555rg4

    Im not an economist (obviously). The low # was good because less starts will let them work
    off the oversupply/overhang of the existing inventory, which many believe is understated
    because the banks are not fully reporting the foreclosure situation. This all depends on if
    someone will actually buy a house, because prices have not stopped going down. If this #
    came out 3-4 years ago maybe things would be a little different today.

    Dow 14000 or 3000? interestin ….

    http://thestreet.com/feature/articl/65we455r

  • goldmansucks

    wow check this out…awesome. Who would have known?

    ha ha awesomehttp://youtube.com/67768g555rg4

    Im not an economist (obviously). The low # was good because less starts will let them work
    off the oversupply/overhang of the existing inventory, which many believe is understated
    because the banks are not fully reporting the foreclosure situation. This all depends on if
    someone will actually buy a house, because prices have not stopped going down. If this #
    came out 3-4 years ago maybe things would be a little different today.

    Dow 14000 or 3000? interestin ….

    http://thestreet.com/feature/articl/65we455r

  • goldmansucks

    We'll see how they feel about cost, especially in remier Wen Jiabao said.

    “China’s rapid

    The stock market keeps going higher. Futures surging

    http://www.bloomberg.com/apps/news?pid=20601087&sid=ajg=home

  • onorio

    NED`s back!

    annamall…

    KILL!! KILL!!

  • wandahl

    Small H&S on ES and YM 2day graph
    for SPX necline @882,5 target @ 875 ish.

  • katzo7

    I agree, weekly is what is telling the story. These stochs do not turn around on a dime on this time frame, once they roll over, that trend stays inplace for a long long time.

    And mole is the best. But he needs a vacation! Perhaps Hawaii, Alaska, or back to the motherland.

  • katzo7

    Yeah BIL, they would never do that. Anyone trained at Global Sacks (of cash) underwent extensive ethics courses. And since mostly all in Fed. offices are GS derivatives, we can rest assured that nothing unethical could ever take place.

  • http://www.pacfreehotwater.com steveo77

    Nas tends to lead down

    This broken triangle with a retrace to the break was too much to deny and took some small short positions in NQ and ES (ES doesnt have as nice a triangle shape, but the line in the sand on several near horizontal channels were broken on ES.

    There is also a bigger H&S on SPY from May14 to May 26 , that measures to 838

    http://screencast.com/t/im7crGbCpct

  • katzo7

    007 cannot sleep, always some world domination planned somewhere. Have to be vigilant! I am currently watching very closely a blogger from Germany who infiltrated this country. He has an evil plan bent on market domination. He lives in LA in a castle and the profile exactly fits all the parameters; hard body, fast car, big bot, lots of computer equipment, good looking women surrounding him. But I will get him, I always do. Market domination, Huummppff, everyone knows only Global Sacks (of cash) can dominate the markets.
    My plan-get into the castle surripticiously, do some gambllng, then he will discover who I really am. Then he will tie me up to some saw-like apparatus and try to remove my gonads, but I will miraculously escape, get him, and finally, I will end up in a life raft with a shapely blond and a shaker of martinis while home office is trying to find me. Life is so predictable!

  • katzo7

    I told you, never ever bet against PORSCHE, Breakfast of Champions. Anyone who can stuff a six cylinder engine in the trunk of a car, make it go from 0 to 60 in under 4 seconds, can manipulate their stock pretty good!

  • annamall

    ok you're forgiven sweetie! 🙂

  • annamall

    That's what big hungry animals do and thanks Onorio. 🙂

  • katzo7

    Why am I always getting myself into trouble and asking for your forgiveness? Do you like “good” boys or do you like “bad” boys?

  • katzo7

    This is what I think. This is a smaller snapshot of a bigger picture. Look to daily (yuck here) and weekly (yeah!) to tell the real story at this point, zoom in during points of inflection.

    http://www.screencast.com/users/katzo7/folders/

    Anybody save my trading rules? Lester? I cannot believe I did not! Want to revise them.

  • katzo7

    Onorio and anna, no talk of killing and animals. Oronio, you get off this time, anna see me in my office, wear a short skirt! ROTFLMAO

  • http://gemstowear.etsy.com Jan

    Morning rat bastards. I just spent the last 20 minutes “sharing the love” (and it wasn't with my sweetie).

    Fuji, Mole……great weekend updates. The information you guys crank out humbles me.

    Spent all weekend reading and researching my favorite puzzles, the treasury FUBAR and China. If you have time please read the following to gain some great insight. First off Brad Setser's Follow the Money, his research on China is unmatched. Read his last three entries and make sure to read te comments also.
    http://tinyurl.com/4psj3a

    I found two other blogs well worth reading:
    http://tinyurl.com/rbpr28
    http://tinyurl.com/o9l8o2

    This week will be a fire sale on treasuries. As I've been shaking over a bond dislocation, I found that China now leads (over Japan) as th biggest buyer. Treasuries held by foreign central banks rose from $2.581 billion to $1.901 trillion in the week ending May 20th. Huh?

    OK, back to packing. The sale of my house is final and I'm outta here on June 8th. Yay! A two foot cockaroach emerged from one of the empty boxes. It could eat my poodle. Ewwwwww.

    Jan

  • annamall

    Ok Guys, here is one of my favorite all time idols Adam Lambert who was robbed of America Idol last week. (i have been too upset since it haven't too post it)

    http://www.youtube.com/watch?v=exfq6ZtBjwA
    BTW I also LOVE Gene Simmons tongue(not watch it LOL)

  • annamall

    What happened to those futures, damn?

  • annamall

    Maybe Florida? 😉 (J/K)

  • katzo7

    Anyone shorting oil right here? Any ideas on best vehicle, dug? Need something for IRA so no shorts. Bloomy just had an article on it, opec meets Wed. demand falling but they expect no cut backs in production.
    Big problem, any world unrest could cause a severe spike.

  • ckeltner

    I was a huge fan of both. The top 5 actually fell exactly the way I called it earlier this season except I figured Adam would win. Told a lot of people though that Chris would push him hard for the spot, didn't really expect him to win though.

    I am a huge Queen fan and when Adam sang with them I am not ashamed to say it brought a few tears to my eyes, he did Freddy proud. What a tease, seeing him sing with Queen.

  • ckeltner

    Kris with a K rather, never get used to spelling it that way for a guy.

  • katzo7

    IMO this is very good. I would rather have this rather than a gap!

  • katzo7

    No, no, we have to keep you two apart. You think he would be able to ever publish again after a visit there? Then he would be smoking (cigarettes).

  • annamall

    I was moved too, and rocking at the same time, Kris is Good, but you can't even compare him to Adam (is it because he is gay? -1 if that's the case.
    ) God I wish he wasn't he gorgeous. 🙂 and oh so talented.

  • cuvo

    Tempting, but geopolitics tells me No.

  • Keirsten

    Better off using DTO Katz, as DUG has gas in it. I am short oil, but I'm moving in and out quickly considering some of the geopolitical events looming out there, combined with active Nigerian shenanigans again.

  • springheel_jack

    The leveraged oil long and short ETFs are toxic waste that shouldn't be held more than a couple of weeks really. Scary charts over the last year.

    However there is a good 1x inverse oil ETF listed in London in USD and the ticker is SOIL. I made some good money on it last year & I am seriously thinking of going back in as I have been planning to short oil from $65.

    The question is whether we will reach $65. i think so because I don't think that the stock market has turned yet and the world still seems overfull of optimists. It might spike briefly if there is world unrest, but supply/demand profile suggests that oil will still have a weak 2009 overall.

  • Keirsten

    I should add that some of the refiners are seeing downgrades, albeit very quietly, so you'll have to do the research on the individual estimates if you're going short.

  • katzo7

    Thnx K and cuvo. May take a small bite, I see oil eventually going to slightly below 30. If we are slipping into the next down phase, demand will dry up. But I agree with cuvo and you about nut cases, N. Korea, et al.

  • onorio

    Whit gap or no gap all i want is this shit down…

    Clockwork orange!

  • ckeltner

    I said I am a huge Queen fan, no one can ever say I hold anything against gay singers 🙂

    Nope, I just happen to think that Kris, although very different, is also a great singer in his own style. He can't rock to save his soul but his ballads are awesome (ie make you feel my love) and the stuff he does with songs like heartless are above and beyond what most others do in the competition. I look forward to getting both their albums.

    This year for me was one of the best ever and I was really happy no matter who won. I really think in any other year (except Carrie's year) either of the top 3 (maybe 4 with Alison) would have won if they were not going against each other.

    I understand your pain though, I don't think my wife is over it yet either.

  • hope238

    Is the following what you are looking for? I like it very much and kept it.

    Follow MACD/stochs on your favorite time frame(s). I use 3 min. (only to time getting in and out at tops/bottoms, 10 min.and 60 min. to determine ST and LT direction. I use EWs, you should follow mole's count for this.
    Do not buy or sell in first and last hour EXCEPT under extreme gap conditions, meaning that if you are long and the market gaps 2 or 3%, get out of longs. If you are leaning towards being short and market gaps up buy shorts at high and use MACD/stoch/EWs on short term time frames to determine the high.
    Learn how to chart. Use and apply EWs or trend lines or something. I saw you were getting in at top of ST moves and it sold down a bit, you would get spooked and get out. You don't make a decision and are comfortable with it. But in order for the position to pay, the call has to be right. If so, eventually you will be paid.
    Do not listen to anyone about what to buy. Do your own research. Set targets and stops although these wild swings are about MMS taking stops out.
    Even though I told you not to listen to anyone, please post what you are thinking of doing way (I mean with plenty of notice) way before you do it so we can see if it is in context with what we see and perhaps even chart it for you. That is what this blog is all about, take advantage of this function.

  • cuvo

    I think the comments by WStroupe on China's USD extrication strategy are spot on. Of course, they're already converting to hard assets and have been quietly building gold reserves for years.

  • annamall

    Hi K, hope you had a good weekend! As promised here is a couple cute pics of my Bengal cat. Forgive the lack of sharpness, I was laughing so hard at her, my hand was shaking! 🙂

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

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

  • springheel_jack

    You're right. oil has been rallying with the market & seems rather divorced from supply/demand fundamentals.

    It is also inversely correlated with USD though and that has dominated it for the last two weeks.

    When the next downleg starts for real, oil will be in big trouble.

  • katzo7

    Patience. IMO, you will get your wish very soon.
    But this won't be the big plunge.

  • annamall

    😀 probably not! LOL

  • katzo7

    Yes, thanks hope.
    Note, I have switched to slightly longer time frames as I think this is a
    point of inflection. I now use 5, 15, and day charts.

  • annamall

    Yes orange please with a side of cram it down the bulls throats!

  • Keirsten

    Hi Anna! Let's just say I took an empty suitcase with me, and filled it to the brim! LOL

    Love, love, LOVE the pictures! I can imagine your other kitty was sitting behind her there thinking…. hahaha- glad it's not me wearing that silly hat! That is priceless!

  • annamall

    🙂 ditto Ckeltner.

  • K.I.M.

    poor cat, can you take some sedative and try it again 🙂

  • cuvo

    Such a beautiful cat in the hat. What is that hat?

  • annamall

    oh that sounded like a terrific trip girl! 😀

    thanks, yes that is my silver point back there and that's exactly what I was thinking when I took the pictures! LOL
    Minola will let you do anything silly to her, she loves to make me laugh. ahhhhh
    BTW on oil, I would go with dug short term for a correction.

  • annamall

    I just wrapped a little turban on her head. LOL

  • http://gemstowear.etsy.com Jan

    Anna….

    He had me from the beginning. My fav was when he did Satisfaction. I was stunned that he didn't win, but I think he will surpass Daulhtry (spelling?) and Underwood as Idol's. What a voice!

  • annamall

    She loves to make me laugh, so she just sits there until I take it off. Great breed Asian Bengal cat
    They talk I have to take a video of her talking to me. it's hilarious. here is a video of one that's funny
    http://www.youtube.com/watch?v=6ge8JkPwgTo

  • katzo7

    Hey, can we all talk about trading rather than cats, Idol stars, Queens, trips to DC, etc. Isn't this a trading blog?
    BTW, I feel another lengthy katzo story coming on. ROTFLMAO (twice) Get ready!

  • annamall

    Hi Jan Couldn't agree more remember when the Clay Aikens didn't win and came in second, he is a super star now and I can't even remember the other guys name. (sorry other guy) 🙂

  • annamall

    We can share other things Katzo, you sure do LOL. Ok, what are your thoughts on the futures jumping around like a fat cat (oops) on a trampoline?

  • annamall

    Sold more ES at 884.00 don't buy this bounce.

  • katzo7

    Just kidding, I fool around a lot (but have never been caught by wife) LOL

    Charts I look at say top is firmly in and from now on down. I may be completely wrong here but no pressure to upside. Did Global Sacks (of cash) switch its stance to short? They drive the market.
    Some are calling for 903 or even 915, again, I may be wrong but I see a steady drip down, then culminated in a panic from the weak longs. Cannot tell exact bottom yet but just somewhere about 830-69? So not the big one yet.

  • annamall

    Housing prices huge decline no evidence of stabilization (no shit) That took the air out of the futures. ya.

    I am going to try and do a little shorting via DUG. Perilous, I know but short term I see a correction.

  • Squidman

    I'll take it!

  • alphahorn

    MOrning all, hope everyone had a great weekend, mine was spent celebrating my oldest child's graduation from highschool, wow how time flies!!!!!!!!!

    i hope the move that started late friday was the beginning of wave 3 and we take out the pre-existing low early this morning, we'll see, i made my bets before the close on friday, so far so good

  • ropey

    Mornin'…

    Hey anna, i was thinkin of firing up a GS BF around 120 or 125….very cheap but great reward if it goes there, i can GS hitting that fib around 122 in June if this market does roll down……too risky?

    Also still mulling that RIMM trade, it could go either way, if Qs get to 30-31 before earnings or at least at the low range i'll be mr long…..there are 2 monster gaps that need filling.

  • springheel_jack

    If the small SPX H&S plays out, the target is 843, which lines up with Mole's 845-847. I'll be out at 850-855 I suspect & going long, subject to what happens in the interim.

  • ckeltner

    SRS looking good so far and appears to be taking off from the basing/consolidation period. Sold some 20 strike puts with a stoploss beneath support a few days days back to fund a 22/25 vertical call spread. Lots of open interest at 25 call side and that is my first target area.

  • Keirsten

    Ropey- I'd be mega surprised now if we see that 116 on POT at all honestly. I've got more June ITM puts on my list today- not sure where I'll enter yet though. G/L today. 😉

  • Keirsten

    Congrats to you and your son Alpha!

  • katzo7

    You own or rent?

  • ropey

    Hey keristen, yeah i held over the weekend from around 115 or so – bit of a gamble though it could of gone either way and the movement pre-market will probably only suck up the theta burn for 3 days meh. Anyway the chart def shows some upside still to 117-118 like you showed before and im not sure that gap at 109 will fill today as it was created via that stupid C upgrade, will have to see. It could easily flip next few days so i'm treading carefully
    I'll be out if it takes out friday's highs, i'll exit and try and get in at a better price or lock in profits if it gets to 110 or below..

  • annamall

    Hi Ropey,
    I am in a June 120/110 VPS, I stand by my call of 120 by OPX. Also I was just thinking of RIMM and the time is coming to put it on. 2 weeks before Earnings/OPX.
    I have to decide whether to be bullish or bearish on the trade. They usually knock it out of the park. 🙂

    I am posting a SLV Low IV ITM cheap put option above.

  • annamall

    For you SLV bears here is a cheap ITM July put option with over 2000 open interest I am looking at.

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

  • Keirsten

    Good plan- we're on the same page. I'll probably just daytrade it until I see a clean breakdown.

  • annamall

    Many Congrats Alpha to your son and your family!

  • katzo7

    Futes down .5% consistent with much of recent action, both on up and downside
    DAX down 2%
    FTSE down 1%
    Heng Seng down .76%

  • annamall

    Own and have one investment property (nice condo in very upscale neigborhood)

  • onorio

    no shit? i wonder why…

    http://www.nytimes.com/2009/05/25/business/econ

    Just let those ALT-A mortages come!

  • salvadorveiga

    hey katzo, could you please let know indu that I can't access his blog?

    I sent the email but now it looks closed?

  • katzo7

    OK

  • ropey

    Yeah the other thing i am not easily forgetting is that gap to around the 900 on the /ES or so, i can see somethin like a slow grind back up or a quick fill even off the back of a CC number that maybe slightly better than expected or some other madness but then, a good short in theory..

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

    Anyone getting no signal on Zero lite?

  • katzo7

    From Indus:
    He should be. I kept it open. I did test the invite only option for sometime yesterday night. But now its open. Please ask him to try again.

  • annamall

    That damn GS upgrade on Apple is holding this market up. Hope anyone that had apple puts over the holiday already is out.

  • anthem

    There is a signal – just a very tiny signal. . . It is moving, though not sure if there is an issue or just really low participation.

  • Autopsias

    Same problem here

  • LostIllini

    C'mon, C'mon Hurry up and fill that gap. We have a lot to do today, at this rate we will never take out 875.

  • bearmaid

    5 min Zero line dead

  • alphahorn

    thanks anna and keirsten

  • LostIllini

    Gap filled initiate crash sequence please.

  • rhae

    seems a lot of confidence about consumer confidence coming up, I am not that confident

  • annamall

    no mine's not moving either, wow that damn gap filled real quick.

  • ropey

    Hey anna, thinkin about rimm about about a BF for the gap above and one for the gap below? Given they're so cheap this may work out quite well?

  • annamall

    ditto.

  • ropey

    I don't think we'll get a dump with aapl upgrade, they'll probably fill the gap at 890 or so from the open this morning and hold it which may base the market to fill the gap later today or tomorrow for the /ES 900 or so…..let's see how the market reacts to consumer confidence shortly, it could help lift or take the steam out of this run.

  • standard_and_poor

    We went under 883 but so far it's been brief – need to be under at least 15 min for further downside expectations.

  • annamall

    Hi Ropey, I don't know if you saw my post below to your answer, I will put on a RIMM BF or BWB when it's about 2 weeks till OPX. I am looking and searching, but think I will do a bullish one. Hard to bet against RIMM 🙂

  • cuvo

    I'm confident in the con.

  • ropey

    Yeah i read the post thanks for the update, i'm just trying to gauge both sides, RIMM can surprise lol but yes it's a great mover, just like travolta on Saturday night fever.

    I was just wondering if hedging with a butterfly is prudent lol i mean both those gaps are likely to fill over time, question is which one are they gonna take out. Given the AAPL upgrade i guess the bullish one is the more likely.

  • ropey

    I bailed around 112.30 for a small profit – somethin tells me the market isnt quite done going down yet…

  • DGercxr

    Looks like stocks surging yet again. Long MA POT GOOG. No one cares about housing cuz it isn't a big deal. Buy all the dips.

    interesting linkAre Green Shoots Real or
    Fake

  • GoCougs

    POT showing strength…moved my stop from $116 to Friday's high of $115.15

  • katzo7

    IMO we have a good amount of sideways action to work through, perhaps half a day. Then we go down EOD. BUT 890 is key level that I would not like to see breached in a meaningful way.

  • katzo7

    Anna, NED again.
    DGercxr

  • annamall

    I would agree. Once we get closer I will be planning my attacK
    🙂 I will for sure let you know.
    The upgrade from Apple is cranking this market higher.

  • standard_and_poor

    5 waves up on 1 min. Too early too tell but don't go nuts on short side yet.

  • DGercxr

    Looks like stocks surging yet again. Long MA POT GOOG. No one cares about housing cuz it isn't a big deal. Buy all the dips.

    interesting linkAre Green Shoots Real or
    Fake

  • DGercxr

    Looks like stocks surging yet again. Long MA POT GOOG. No one cares about housing cuz it isn't a big deal. Buy all the dips.

    interesting linkAre Green Shoots Real or
    Fake

  • LostIllini

    How can somebody upgrade Apple? Isn't it already a Cramer “Buy, Buy, Buy!!!!!” for all the analysts? Except for that one guy I guess.

  • DGercxr

    Looks like stocks surging yet again. Long MA POT GOOG. No one cares about housing cuz it isn't a big deal. Buy all the dips.

    interesting linkAre Green Shoots Real or Fake

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

    XLF gapped down to the yellow fan and bounced so I've cut FAZ loose. Stubborn little cuss. That's three successful tests in the past three trading days.

  • ropey

    I'll start shorts around the 902-905 level not before, not far from it now..

  • annamall

    They knew about those C Sediment numbers. jeezz.

  • springheel_jack

    This might be a good moment to define meaningful.

  • standard_and_poor

    There was the pop, careful.

  • GoCougs

    Out of POT put vertical…hit my stop

  • springheel_jack

    If we go a bit lower. Not much sign of a pause yet.

  • Keirsten

    Keep an eye on the 116.75- 117.00 level- if it pops over that, time to regroup the plan.

  • C.C. Rider

    Spoken with conviction. I respect that.

  • katzo7

    It was just defined for me. LOL

  • rhae

    Thank You Consumer Confidence… might get DUG at my price

  • springheel_jack

    LOL

  • annamall

    thanks CC those F–ing Goldman Sucks boys knew about the Sediment number.

  • C.C. Rider

    VIX is folding like a cheap suit. Watching 30 level.

  • ropey

    nods

  • GDII

    the question is what to do after the gap from 5/20 filled?
    i previous plan to short it, but now i am so scared.

  • annamall

    OUT.

  • alphahorn

    filling the gap i expected to be filled on friday, it's right at the gap fill and the 50% retracement off the high, this will be interesting to see if it breaks through or is rejected

  • annamall

    Bought ES @ 900.50 ride till 907 or so

  • innatedc

    Well…that was fucking fun….CME hit stop….more than 20 pts in half hour!! That hurt like hell…

  • alphahorn

    time for a u-turn

  • standard_and_poor

    Ease out shorts carefully would be my opinion, but I don't want to get you in trouble either. I've been trying to get you guys to at least own a few longs but
    encountered nothing but stubborness in general.

    Start by looking at the list of stocks I provided last night – entries and stops even
    provided.

  • Iguanadon

    Dead cat bounce or meaningful turnaround?

  • katzo7

    This market is extremely predictable.
    Go short-you will get a 150 point run up
    Go long- it will drop immediately 100 points.

    Stalking the white asparagus DTO.

  • annamall

    no shit Inna. I just went long Apple June 130/135 call spread.

    We should go to the 905 907 area. Bulls are in charge damn it!

  • lester

    I enjoyed the American Idol discussion. I cannot discuss trading anymore. Adam should have won.

  • standard_and_poor

    longe CME 301.25, raise stop to 290 from 277.

  • Osso

    big move was coming according to McHugh. maybe will last until tomorrow.

  • Osso

    big move was coming according to McHugh. maybe will last until tomorrow.

  • Douala

    Consumer Confidence in U.S. Jumps More Than Forecast (Update2)

    May 26 (Bloomberg) — Confidence among U.S. consumers jumped this month to the highest level since September, reflecting growing perceptions that the job market will improve.

    The Conference Board’s sentiment index surged to 54.9, higher than forecast and the biggest gain since April 2003, the New York-based research group said today. Another report showed home prices continued to plunge.

  • C.C. Rider

    June 3 is a Bradley date and would fit with seasonal and monthly patterns.

  • annamall

    Sorry Iggy animal violation.. Potatoes have no feelings.

  • lester

    Shit no on those Puts…. I think AAPL is up cuz I just bought a MacBook yesterday for my sons graduation gift (he is the one in the avatar).

  • Iguanadon

    What about Mr and Mrs Potato Head???? 🙁 She sure seems to nag him a lot when they're driving in the country according to the recent TV commercial.

  • springheel_jack

    If we turn back down, the stochs suggest that we will do so within the hour.

  • http://www.fit-start.com Trouser_Silo

    I hear them cry every time I cut them for fries…

  • standard_and_poor

    Thanks was about to read up.

  • kinihepu

    Just loaded up on QQQQ puts.

  • annamall

    That was cute Iggy! 🙂

  • Osso

    watching USO 33.79 resistance and failure.

  • katzo7

    You guys crack me up. Lay out a thought and the whole f**king world jumps on it. LOL
    Mental masturbation.

  • chumprop

    Since we just broke the 61.8% retracement of the move lower on $COMPQ from 5/19 – Friday, doesn't that mean we probably go much higher from here?

  • standard_and_poor

    Long ZBRA 21.76 WITH 21.26 STOP.

  • GDII

    recently there are rumors that chinese stock market is already the new leader of the world.
    i read the chart and i believe the charts of spx and sse comp is unbelievably close. or i shd use the word highly correlated.
    for the past 2 days, there are couple of bad news out in china. index retraced then back up again. my wave count on 000001.SS indicates some further up.

  • katzo7

    Maybe he meant Dead C** as it caterpillar tractor?

  • annamall

    I would be very careful about shorting here. There is too much optimism(unfortunately) Today, I cut my losses and went long AAPL, ES

  • annamall

    LOL

  • springheel_jack

    I added to shorts as well, I'm hoping that later on this will look courageous and farsighted rather than stupid.

    SPX stochs 10 & 15min topped out or topping. 60 min still pointing down so if we are going to turn it will be very soon.

  • Osso

    scaled in TYP 26.78

  • rhae

    Primary Gann date also on SPX daily

  • katzo7

    IMO turn coming soon.

  • standard_and_poor

    Order to buy NTES 33.69 stop.

  • Osso

    out……of TYP……will wait…..

  • bsummertime

    filling the gap, time to go short

  • annamall

    that would be ok. here we go, the bulls (I am a terrible bull) are going to push this to Moles 905 scenario at the very least.

  • alphahorn

    it still seems the most likely scenario is that we've had an abc down move and are now putting in x which will be followed by another abc move down to the 840ish neighborhood.

    Sol just posted that there was a huge short contract in at 901-4 pointing to a possible reversal coming.

    does anyone have any data on this short, size???

  • cuvo

    whatabout dat 80 dollar and dem auctions, eh

  • annamall

    Sold ES @ 904 (whew that was close)

  • LostIllini

    For what it's worth EEM seems very shortable, it's up a little today and if (when) we get that reversal today it should fall hard.

  • rhae

    DUG looking tasty… my buy zone, strickly set-up nothing else 18.95

    Chart stupid, does not even know what consumer confidence is….

  • Osso

    Cons. Confidence up……goldstocks bouncing …..cmmon….

  • Osso

    Qs shouldnt take out 34.74….imo….

  • katzo7

    Glad you are out, added to my shorts.

  • Blind_Squirrel

    Clarify, Did you add to short positions or did
    U fill your shorts?????????? LMAO

  • Keirsten

    TMI Squirrel, TMI. LOL I just lost my breakfast.

    Here's a cute video for you: http://www.youtube.com/watch?v=nWU0bfo-bSY

  • katzo7

    Do never wear shorts, that are always too small.
    ROTFLMAO

  • http://www.aggressivelyuninformed.com nepharis

    Got 10 points out of /NQ on the long side, and I'm out for now. Not going to fight it on the short side until I see some selling pressure.

  • standard_and_poor

    Very good possibility that an abc flat ended on thursday,5-21-09, at 879.61 at 2:54 p.m.
    I know you're all very earish but at least consider it as an option.

  • Keirsten

    Those auctions are just looming over the entire afternoon now…. Wonder what kind of a deal Timmy is going to have to cut w/China on the 30th. This North Korea debacle gives China that much more power too.

  • annamall

    that's an awesome time of one's life. your'e welcome 🙂

  • annamall

    LMOL you couldn't be more right on sistah. 🙂 (and it's Tiny Tim )

  • Osso

    well….Dow still holding 8190….

  • alphahorn

    true, but i think a double zig zag is more likely given the other indicators NASI, NYSI….

  • Keirsten

    Those Spock ears are just gross. He looks like Lucifer to me.

  • annamall

    I am jumping back and forth on ES, trying to make that $ back. I will cover @ 899 or lower. then I will see.
    I agree SP they could push it again up to 905.

  • Blind_Squirrel

    Ok Mole!!!!

    I Know I know, you've crippled more women than
    Polio as they say in Texas!!!!!!!!!!!!!!

  • annamall

    OMG that was so cute thanks Keirsten 😀

  • http://forkoholic.com Forkoholic

    dude, i didn't know Mole is a black german 🙂 i mean aftrican-american-german :))

  • standard_and_poor

    Please explain further, nasi?, nysi?.

  • annamall

    ROTFLMAO…he does he does. good eye. and that nose, it's sort of square.

  • molecool

    ¤ø„¸¸„ø¤º°¨¤ø„¸¸„ø¤º°¨
    ¨°º¤ø„¸ N E W „ø¤º°¨
    ¸„ø¤º°¨ P O S T “°º¤ø„¸
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  • katzo7

    I wouldn't put it that way but I am still getting cards in the mail. And they are HALLMARKS.
    ROTFLMAO

  • annamall

    me too, I added @ 904.

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

    Would line up with the count on banks I posted several weeks ago…

    http://tinyurl.com/qcfhag

  • alphahorn

    check out these charts, i've posted them before, they are very nice topping indicators

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

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

    or if you have stockcharts subscription:

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

    http://stockcharts.com/h-sc/ui?s=$NASI&p=W&yr=1

  • dDGercxd

    Maybe we should stop talking about recession and crisis and keep buying stocks and make

    money

    shortie got squeezed cover cover cover

    keep buying the dips

    Maybe we should stop talking about recession and crisis and keep buying stocks and make

    money

  • dDGercxd

    FINANCIAL CRISIS HAS BEEN FIXED
    Ned is long MA POT and GOOG

    No one who reads this blog makes any money following tim's advice. The charts are worthless.
    They are quality charts rendered by sophisticated software, but they are worthless with
    regards to making money ( and isn't that the whole point of the stock market)? Log lines,
    shade ins, trends, all crapolla.

    Are greenshoots just weeds? Or a new bull market? Interesting…
    Interesting Finance Articles & Insight
    .
    .

  • dDGercxd

    shortie got squeezed..never had a chance dow 12000 soon

    long GOOG MA POT which keep going up every day
    effortless $$$

    Maybe we should stop talking about recession and crisis and keep buying stocks and make money
    keep buying the dips

  • dDGercxd

    shortie got squeezed..never had a chance dow 12000 soon

    long GOOG MA POT which keep going up every day
    effortless $$$

    Maybe we should stop talking about recession and crisis and keep buying stocks and make money
    keep buying the dips

  • dDGercxd

    shortie got squeezed..never had a chance dow 12000 soon

    long GOOG MA POT which keep going up every day
    effortless $$$

    Maybe we should stop talking about recession and crisis and keep buying stocks and make money
    keep buying the dips

  • dDGercxd

    wow check this out…awesome. Who would have known?

    ha ha awesomehttp://youtube.com/67768g555rg4

    Im not an economist (obviously). The low # was good because less starts will let them work
    off the oversupply/overhang of the existing inventory, which many believe is understated
    because the banks are not fully reporting the foreclosure situation. This all depends on if
    someone will actually buy a house, because prices have not stopped going down. If this #
    came out 3-4 years ago maybe things would be a little different today.

    Dow 14000 or 3000? interestin ….

    <a

    href=”http://iamned.com/blog/?page_id=604″>http://thestreet.com/feature/articl/65we455r

    Im not an economist (obviously). The low # was good because less starts will let them work
    off the oversupply/overhang of the existing inventory, which many believe is understated
    because the banks are not fully reporting the foreclosure situation. This all depends on if
    someone will actually buy a house, because prices have not stopped going down. If this #
    came out 3-4 years ago maybe things would be a little different today.

  • dDGercxd

    wow check this out…awesome. Who would have known?

    ha ha awesomehttp://youtube.com/67768g555rg4

    Im not an economist (obviously). The low # was good because less starts will let them work
    off the oversupply/overhang of the existing inventory, which many believe is understated
    because the banks are not fully reporting the foreclosure situation. This all depends on if
    someone will actually buy a house, because prices have not stopped going down. If this #
    came out 3-4 years ago maybe things would be a little different today.

    Dow 14000 or 3000? interestin ….

    <a

    href=”http://iamned.com/blog/?page_id=604″>http://thestreet.com/feature/articl/65we455r

    Im not an economist (obviously). The low # was good because less starts will let them work
    off the oversupply/overhang of the existing inventory, which many believe is understated
    because the banks are not fully reporting the foreclosure situation. This all depends on if
    someone will actually buy a house, because prices have not stopped going down. If this #
    came out 3-4 years ago maybe things would be a little different today.

  • dDGercxd

    wow check this out…awesome. Who would have known?

    ha ha awesomehttp://youtube.com/67768g555rg4

  • standard_and_poor

    Sounds like the makings of a good comic strip.
     

    ________________________________

  • standard_and_poor

    Sounds like the makings of a good comic strip.
     

    ________________________________

  • standard_and_poor

    I'd be careful, conserve cash., use close stops.
    ________________________________

  • katzo7

    Just kidding lester. You know I am a big joker!

  • standard_and_poor

    Everything ok? you can contact me at comfort888 at ameritechdotnet. 

    ________________________________

  • standard_and_poor

    Yep I saw that, but we always need a back-up plan. At start of a wave 3 charts like these always
    induce traders to short; that's what causes a wave 3 (new longs and shorts closing out). Those
    charts work but not during start of wave 3. We'll wait and see.

    Thanks Keirsten.

    ________________________________

  • standard_and_poor

    Thanks mate, send me a chart please.
     

    ________________________________

  • standard_and_poor

    Great charts Alpha, I'm making it a point to look at your charts more often. Please
    post your charts more often.

    I'm also going to be a bit more adamant in how we trade as a group so that we don't get trapped
    again if this in fact turns out to be a bear trap – let's watch  tomorrow morning and 915-916. 

    Thanks Alpha!
     

    ________________________________

  • ropey

    Yes am aware, am also expecting a top around 930 so assessing…we'll see how it goes tomorrow. Expecting alot of chop between 860-930 for the next few month..

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

    Thanks, there's a link in the post you responded to. I'm not in love with it — I just could never make sense of it any other way.

  • standard_and_poor

    Thanks Ropey.

  • standard_and_poor

    Thanks man, I read your reply and appreciate your insight – sorry I didn't respond sooner. I'm still
    so bummed out about Manchester. I like Barcelona but have always been nuts for the red machine.

    ________________________________

  • standard_and_poor

    Thanks man, I read your reply and appreciate your insight – sorry I didn't respond sooner. I'm still
    so bummed out about Manchester. I like Barcelona but have always been nuts for the red machine.

    ________________________________