it kicks off a security system in blogger, so for 24 hours I have to do word verification....for 24 hours.
It's impossible....eqflquwc.... or eclficlvvc... It's like taking a multiple choice test, I haven't studied for...
Friday, August 22, 2008
When I post a million posts in a day
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4 comments:
Do you pay attention to the money flows?
Off till tomorrow, byeee
I wish I did, I'm so overwhelmed some times, I'm lucky to check the VIX..
Teresa says I need to look at how the VXO traded in the 90's....
There is a 3 hour project in itself.
I have a question... Were you serious about "Dip buying" oil? Did you try?
I always hope ... I feel Creepy when I get anything right about economics,(I have a Cursory college level education in it) or how a stock is going to trade based on a chart... I do it all in a very Zen kind of way.
It worries me that someone Trades something based on my word alone.. Cause like I say, even I don't drink my koolaid.
Trade manuals say "trust your instincts" and it's what I do. But I'm always surprised when I'm right.
Even now I'm planning for what to do about a possible reversal in my positions on Monday.... Just in case.
I did not buy the oil dip as planned.
In fact, I will stay away from it. I still believe we're going to $200 oil but the volatility can kill me. I don't enjoy getting margin calls, and I see better and more profitable and stable trades out there.
So whatever you hear from me on oil, don't take it seriously. When you're standing on the sidelines - not into the trade, nothing at stake - opinions don't matter as much (in my opinion LOL)
Why do you like XLF and not UYG?
Btw, once I'm done with SKF, I'm staying away from Proshares ETFs. Individual stocks are working much better for me - lower volatility, can ride it out and not think it's going to ZERO, higher profit (swings, of course).
Korean gov't announced that they are *not* buying LEH and Saturday's "Report on Business" still says "Korean bank may buy LEH". Amazing.
My mind is blank. I have no predictions for Monday whatsoever. On Friday I had a feeling that Monday will be as normal as it can get in this market. You know - tepid action, same low volume, no crash, but no euphoria either. Right now I'm not sure what we can expect.
Why I thought that - see, everyone was worn out by the FRE/FNM. I mean - the whole freaking week people were expecting something and what a letdown the end was. So because everyone who matters is on vacataion, and everybody else is just tired of the crisis, we can go sideways in an orderly manner.
The chart on oil sucks right now, hard to read... of course ususally when I say that it means I'm reading the chart wrong.....
maybe it's sidways, and it's found a base at 110, but I like a panic bottom at 100, maybe 98 as a "Bear trap"
I don't trade XLF I trade stocks in the XLF ... Actually I stick to Regional banks.... banks with Tellers, and white guys in suits that say your credit rating isn't going to get you a loan.
My opinion is that is where the mortgage market is going.
When I talk about the XLF, its just the most liquid index to watch the banks.
The first thing to "bottom" based on the sector rotation is financials... that is why they are the only thing in my portfolio now. I did pick up some BAC this round, I'm not a big fan of the bank but.... and Me and buffett... we own WFC :)
I like to be under the delusion I'm warren buffett of trading... It's a good fantisy.
SCC ultra short Retail..... That is the Winner.... Cause Retail bottoms next in the "There will be no Xmas this year MEME.".... That is the next meme
and "Global growh is dead"... "Global Drpression" meme..
be ahead of the curve on this.
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