For some nice calls, both last week, And.... For hitting the closing price within 4 pts
(I don't think she found this funny)
Friday, August 22, 2008
Tradewell gets Streak of the Week.
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2008
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August
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- check this out
- As much an idiot as I am.
- Two “chupacabras” shot, killed in DeWitt County
- 116.32 in electronic trading
- I still love......
- gustav
- My crazy weekend rant.-Shaving, and the US Open
- I saw this, This guy is a good read for amature Me...
- gustav goes cat 4
- Ok, so this the optimistic model
- Well
- In the down tape, I'm curious what was strongest
- This is the wave pattern I have in mind.
- since I'm fadeing the huricane.....LOL
- My trolling
- The screen
- How about some questions
- 4 days of the spy
- well, Will we build a base? or leg lower?
- someone is trying to fight the tape
- No joy
- because aparently fridays are lesson days
- we may have a higher low
- there is a little weakness in JCP
- possible wedge on the xlf
- amazing that oil can't hold a bid on the hurricane
- so the trendline and the 200dma is at 40-40.50
- the rally
- I thought we were going to pull back
- jcp short
- this could be the reversal
- After the obama bounces
- I think I'm a little political cranky today
- cnbc
- Many times
- Maybe this is the costanza idea
- I think
- I'm not sure
- could be more in this day
- possibly developing that bottom tick
- qqqq retest of the lows
- here is something strange
- xlf is looking healthy.... but could be developing...
- some resistance
- some bounce
- We have a weakening trend...
- xlf vs the qid
- Good stuff
- we are playing with some upside resistance.
- xlf
- qid. and the spy
- We seem like we are just working through 129.50 re...
- Psycological stop off the QQQQ's
- xlf vs the spy
- the qqq's
- That was a possible wave 4, and now we are in wave...
- Honestly
- Well good luck everyone
- hmmm How if we asume sideways
- So
- as teh 8:30 bomb is about to go off
- futures
- What is realy bad
- Well, it seems like I can't sleep
- As I sit here getting ready for bed
- JCP as a short.
- So, I went through the screen
- Lets Look at some charts
- Well
- here is what also gets me
- this is one of those times I hate my blog....
- Cramer is on TV
- so.....
- post market qqqq
- Naz in post market
- 2 of 3 ....... and it's not a solid break, and the...
- this isn't the worst declining top
- here are the trends
- I''m getting that
- I''m getting that
- so much for a small bounce
- More of my shaking my contrary costanza indicator
- back to resistance
- I know it's crazy
- I know I've said it 50 times today... but this cou...
- My point about the big picture quiet
- don't know what to tell anyone
- this move in the indexes
- dip buy attempt on the xlf
- Baby Head and Shoulders on the XLF
- even WFC can't get a bid.(yet)
- If you think the spy is scarry?
- Let's play pretend again...
- The xlf
- 2 days on the spy
- Want a contrary indicator
- well this is starting to fade..
- Deveoloping dome top on the xlf
- If we can get a correction
- ok I'm short, but I want out fast..... if we turn
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August
(702)
3 comments:
Ouch, that's not pretty. By the way, when you said "streak" that's what came into my mind (wanted to say: who's going to streak?). Then decided to keep it proffeshunal.
:))
I think you might be right about the disbelief. *Everyone* is saying the volume is too light for a meaningful rally.
It would be weird if it was an exact repeat. Too close, too obvious.
If the market gets boring, we could start betting on the closing price. My betting stock buddy is leaving for 2 weeks, and I'm a total degenerate that way.
I'm short 2 retails, 1 casino. Others are too embarassing to mention because they would show my impatience.
remember when Uncle ben spoke to congress on that tuesday and we sold off.
today he spoke at jackson hole, and the xlf went "boom".
We are Just Rats Caught in a cage of our own design.
We are set up to get a "complacency top" next week.
The Scarry thing is that... Just because I don't get the trade short "Fanny freddy"... I.E. I don't get why Paulson would care about the equity price. All Paulson cares about is that they keep writing Mortgages, and to that end that confidence is returned to it's creditors. It didn't help that uncle ben said
"when Ibanks fail, it's important that the creditors suffer too"(which is more reason for credit contraction)... even though, it's the sins of excess liquidity that has us here.... and to digress, if I could get less credit card offers in the mail, it would make me happy... I don't know if you realize, but I get about 1/10 the credit offers I used to.
Point being, sometimes when "I don't get it"(the fanny freddy/paulson thing), It just means I'm missing the trade. I just figured the 'Bear run' was kicked off by the perceived ability to short them again. But as cautious as people are about it, and with the 'all banks will fail' meme not as convincing... there is no chance to get as many bears on them again.
Which is why... they have Bottomed, and we are... 2/3rds done with this nightmare.
Adamsoptions.blogspot.com in the bicentenial vix parade post on thursday, repeats the MEME exacly.
All based on an overbought reversal in the dollar.
Some of the, traders like gartman, and guy adamie say the pull back in commodities could go on for 6 months, in 1974, once commodities broke, they did exatly that. Broke for about 6 months, then we had wage spiral inflation for 8 years.
someone was pointing out that "The reason History rhymes and doesn't repeat, is because... There are other people, like uncle ben, that read through financial history too, and Learn important lessons from it.
I'll say that MAYBE and this is a huge Troll like statement from a sweaty midwest trader(it's hot right now)with a miserable understanding of economics, Uncle ben Will Raise rates, slowly to keep commodities under control. But He probably won't have to, I read an article about how miserable the credit crunch was in europe, and the ECB is threatening to pull the banks off the Central bank "Tit", That will kill them... They have yet to take the real pain in europe. And Asia is in denial of their problems, trying to sweep them under the rug, which is no way to come to the
"Confessional of Excess Liquidity, and take your lumps"
Which is what this is all about, As Buffett said... We need to see who is swimming naked. And we will see it ripple through the economy, But all it means is that people making minimum wage, won't get to buy 8 ATV's and Potato chips, for a while.
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