So.... I've had it with "Is my money safe" or whatever the crazy crap that they replaced kudlow with... with Kudlow...
If CNBC has me sit and watch what's her face... spend an hour repeating "Mustard Seeds". I'm going to Vomit.....
Tuesday, October 28, 2008
Mustard Seeds
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9 comments:
A couple days ago it was "Missy", now it's "what's her face"?
All the talk of mustard seeds makes me want to have a hotdog.
Back on topic, I agree with Leisman (whoa) that the economy still sucks, but the credit market will unfreeze eventually. The stock market has factored in Armageddon and even though the ev=conomy sucks, the stock market should rise a bit with credit thawing.
I was talking about .... the one I hate.... I have a long hatred for.. Melissa Lee. she manages to say mustard seeds 4 times each sentence.
Missy only said it a couple times... And it's better not coming out of that Nasal voice.
The Economy has sucked for the better part of 10 years... That hasn't stopped the market from any number if random moves.
Or non random technical moves.
I guess I didn't realize the disdain for Melissa Lee. She seems pretty harmless, and not nearly as stupid as Dennis "this is definitely the turning point" Kneale.
I have a couple questions for you:
1. I recently joined Invivo and was wondering how you used it. Does the Universal Stops work and do you you use it with esignal?
2. How do you use the spreadsheet stocks? Just for day-trading, or do you keep them as swing trades, too? What happens when a holding comes off the list? Do you keep the stops in place and let it ride?
(Okay it was more than a couple of questions.)
Love the old picture of Missy. I may make that my desktop.
You can email Teresa, she is very nice. I would try and hit her with few small questions, instead of Unloading on her.
She talked about how the "stars Align". I have been thinking about this, in reference to you. something you don't realize, you and your Left brain. It's how the market moves, in it's Organic way(we can call it Astronomical just for fun)
But the Regionals... As leadership started running after Friday. And it was the big Regionals(they also were the last to fall), STT ZION RF. Then on Monday some of the slower banks started moving. WFC, Fitb. Moving up the line for days, with the final laggards MS, C, and GS finally reversing on Tuesday.
So... What the Screen says to me. Is similar to what the fast moving stars said to Galileo. When you look into the stars and see the fast moving ones, either up or down(The Screen). It tells you what the "movers" are in the market.
for example Months ago CHO and some of the High end Discretionary stocks showed up. Sure one could play those stocks... But you can also know they are leadership for the rest of the discretionary sector. and then look to KSS and TGT to and get in on them before they move.
so if you use the stops, one of the problems is they are very loose and they are a "Closing stop" and with the High Beta stocks by the time it Coses below the stop you can be doomed.
She has tried to build a "no think" system. but what I like about it, is to try and use it as a Thinking system. Where I can add to stocks on pullbacks, take off positions after good runs. Trade around on her system.
when I signed up, My number one reservation was that I didn't want her to tell me what to do. and she said "good cause, I don't do that."
It's a lot to cover in a short post here, so please ask more questions.
But for the most part I don't use her stops Except mentally, I think about them. I also use them on non Daily timeframes, and in 30 minute time frames.
When I'm being disciplined I use a position broken into 3-5 trading sizes. So Like today I'm taking a little off, and ready to deploy it again on a pull back(say they sell the Fed decision.)
Melissa lee has that Deviated septum, and probable best cleft lip and palate reconstruction money could buy. She just comes off as an Elitists snob... and As a Blue collar guy... she is my Lex Luther.....I can stand MCC, because she still has blue collar roots, and just needs a good spanking :)
AKA she makes the "Chip on my shoulder" Itch something Fierce.
Thanks for the feedback. It helps.
Good call on the TGT. I got stopped out of it a couple days ago. Damn. Maybe the Universal Stops would have been looser and I would have held.
The "system" is interesting and I'm looking forward to learning it better. I'll have to sign up for esignal.
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