Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Thursday, April 30, 2009

Recap

So.... I suspect that is/Was a near term high.... We shall see.... It Felt right...

http://zoeedog.files.wordpress.com/2009/02/spinning_top.jpg

Umn... I will never go through a trade in that much detail again. Again, most my skills were learned at the hands and with the support of Teresa Lo, and her MAD trading and Diabolical Skills... You certainly have to want to learn to fish.... but she is worth every Dime. None of this is easy..... and if it was.... bla bla bla...

But I just want to recap.... but we do need to break down below where we closed... below my Head and Shoulders...

But seriously.... I'll never go through that much detail again... I don't owe you... It's hard, It takes tons of my time... There are no Guarantees... it's still about risk management...

the only thing that creeped me out was that it felt like the most wildly called bull trap ever.

U2 Red Hill Mining Town



I'm a little uncomfortable with the level of Man flesh in this video... Not that there is anything wrong with that.

swine flu symtoms

Ok... h1n1 flu symtoms



I never drink enough fluids, I'm always irritable, and frequently confused.

SO....

Like I keep saying... this swine flu think is like every outbreak movie or zombie move ever...

we thought we were worried about Zombie Banks... nope H1N1.... turns into H1Z1 next, and they want to "eat your brains!!!!"

http://www.macshrine.com/wp-content/uploads/2007/05/apple-zombies.jpg
But
IT's HERE!!!
Park City schools close over swine flu concerns; more probable cases announced.
So.... of course it's the high end school... the one where many of the students were likely to go to mexico for spring break.

And this is a good one.
Utah Bloggers blame mexicans for swine flu
Since most of the workers who cook our food in the restaurants are foreigners, has anyone thought of going around checking these establishments to make sure their workers are not carriers of the swine flu?"

A list of shit "Everybody Knows"

I was out on my walk.... ya... need to watch the leg.... or she is going to nag me all season... or she is already doing it..... apparently my leg is a girl... I guess

  • Pull back to 800
  • we have bottomed
  • Doritos are delicious
  • green shoots everywhere
Anyone wants to add to this list... leave a message.

This Question Started by the Queen of Diabolical Thinking!

AUTOs

ok... so some people were trying to take Obama to task about the auto makers, and how he is pushing them into the 21st century..

OK.... You know how there was a Renaissance.... at one point we rediscovery the Greeks and people started applying that ancient knowledge of experimentation and we had a full on Rebirth of .... FUCKING Civilized Culture(LESS the greek boy fucking)
Renaissance Astrologer

About the 18th century, there was this new thing Called "The Age Of Reason"... which is a thesis by Thomas Pain... and a New Thoughts... the move away from superstition and one can suggest a Rebirth of the Scientific Method... which we then applied to just about everything... and brings back the Veil on Confirmation Bias. and then you get an industrial Revolution...

http://www.loc.gov/exhibits/religion/vc006416.jpg

From that, we get; Relativity, industrialization, Adam Smith, and all the things of the 20th Century... and at the same time we have the Internal Combustion engine pushing out the Steam engine....

THE FUCKING AUTOMOBILE HASN'T MOVED SINCE.... SINCE 1920 IT'S THE SAME FUCKING THING.

http://api.ning.com/files/eOwzgaQkIA69Q5mrqre4vYyxN85W6*LrdvTil*4l4HQHSrTwv6w52sCiz1bRyYM-BggsFISfF63yLCVlOfC4VvIV19ztgZPD/quantum.jpg
In every other place in our lives we have moved in to post modern quantum computer life.... and cars still burn gas and go PUTT PUTT PUTT, Vrooom Vroom... state of the art 1910 technology... besides a fucking stereo, and cup holders......

http://freecaroffers.info/images/1925--Model-T-Tourer-Conv.jpgIt's like arguing for Creationism.... that fucking hunk of shit Automobile... and it's a Great Example of how Corporate inefficiencies lead to Vicious Circles, and lack innovation.

So when the bond holders Cry because they just took a bath because they invested in the Horse and Buggy. Now if I get hired by GM to work on the line... it is explained to me that I don't design the cars or run the company... I'm there to work, I have an agreement. I live up to it and I get Paid, and I get Benefits. I AM NOT A RISK TAKER... now some FUCKING BOND HOLDER, WHO HAS BEEN BITCHING ABOUT HOW GOVERNMENT NEEDS TO LET YOU KEEP MAKING THE HORSE AND BUGGY... you sat on your pie hole and insisted that they make more Hummers and build 25 versions of the K-Car.http://cache.jalopnik.com/assets/resources/2008/03/84_Reliant_Frt_RH_494.jpg
WHERE IS MY QUANTUM SCIENCE 21ST CENTURY VEHICLE!!!!!

and it isn't Biff on the Line that is holding it back!!! http://cache.jalopnik.com/assets/resources/2008/08/Bob-Nardelli-One-Year-At-Chrysler.jpg

IT'S these ASSHOLES..... CALL SOME FUCKING SCIENTISTS, AND STOP BELIVEING IN JESUS!

OK...

This totally Curses it... but we closed below..... whoever the hell came up with the 875 level..

I caught my Issue within 4 min of it's bottom tick today. Or top tick depending on the way you swing... RIGHT BABY!!!
I'm going to go puke now, with the idea that my Head and Shoulders I called days ago.... may be playing out.... and that Every fucking Trader on the Fucking planet is fading Trish Regan and her bullishness.....

This reminds me of when bob Pisani was in my trade...... of course he isn't right now.... but.... I'd almost rather be trading with Trish at this point....

pick the close

874.99

and of course

it wants to end at the 875 level...

pull back

great... Just about everybody is calling for a pullback.... Just about unanimous.....

except Trish...

seriously... I want to jump!

if that H&S holds.....
there is still the chance of a bear trap under it... I'd love to see a better break down...

but we know the last half hour..... could go up 300 or down...

through more support

if we can get to 85... we umn.. have a nice bearish engulfing shaddow.
I've said it like 4 times now.. but I think we may get a bounce...... we are to some of the horizontal levels. and I think in my lines somewhere there was a pivot.

GET THIS ONE!!!!!

How High can We Go?

The market continues its relentless climb higher. Since its closing low on March 9, 2009, the S&P 500 is up 29% and appears to be heading even higher today. The index is up 9.5% so far for the month of April - the best monthly performance since March, 2000.


This was from Far Miller Washington...

and to be fair, the following paragraphs were about Concern for the economy

I will shit


IF my Head and shoulders plays out.... 875 roughtly... bulls should put up a fight, and that was massive Tick spike there.

This is one place where our right shoulder could play out.

No chart

but... we look like we are doing the 5 minute retest...

FUCK YOU DENNIS KNEALE.

that Obama is willing to take the debt holders to the fucking wall is a good thing.

what I don't like


I don't like that it seems like we are selling off on Chrysler news..... but I'm just looking for the cloud behind the silver lining..

Ticks and the charts


the simple thing is to look for the Momentum low and secondary low... and one would want to see them be on a reduced tick rate....
And one can look at that same thing on the Negative ticks.... and a divergence..

segnificant tendlines in green and red..

But I sort of expect a little better fight, retrace.

Trish Regan

"Market participants don't' want to be left out of this rally!!!"

Kudlow says recovery in june

srs and the trendline

ahhh trish

just called dow 10,000 by the summer.....

my little contrarian kitty cat... trish Regan...

hmmm

I would have felt better about one more high.

com'on baby!!!

show me something....

ok... lets play

lets see


hmmmm, think I have the balls to go short at 11....???? ya.. I wonder too.
Oh... volume is strong.

short panic

there are the shorts getting blown out....

chart

in a few timeframes... we are setup for a sell on the SMI... also some nice divergences on the MACD.... It would be interesting to see a nice dome top today through 11am, and then a sell off.

That would evade this 875... Whatever......give me a nice wave 5 of wave 5... etc....

I'm not a big fan of EWT, or of this Horizontal Trading Shit....

they are very excited this morning...

I'm just.... the white arrows point to possible slightly higher highs..

Right up against the trade channel


I'm not very good with being Lucid on "Tops" so..... I don't know if this feels like one or not....

If you are playing high risk... gap fade is a good idea... after some early panic... Shorts won't be able to hold this.... The blood is in their ears....

I keep wondering... we had all those "Spike Lows".... and we started with stealth bottoms..... Maybe the worm has turned and we are having "Spike Highs"/Reversals.

The moon

Well... feels like we are going to the moon today... Huh?

I don't think I can work up the balls to play?

Carter worth was on talking range bound again yesterday....

Feels like we are going to the moon......

Ugh....... Struggling with this....

Just not sure if this feels right or not.... and I mean that in the contrarian sense..

Morning

Damn.... look at them futures... if it opens like that there won't be a bear to be found.

that may sideline me today...

Wednesday, April 29, 2009

ZEEE trap


Above that horizontal orange line is a classic trap I can draw it horizontal or with a trend line.... What I want to see is the same thing on a LARGE SCALE above that green line. over the next 2 days.

bla bla bla charts

Futures are up 5 as I type this..... I'm trying to get my Chi flowing... or some shit like that.

I'd like to see... is it hit the trade channel tomorrow ... the top of that channel... like 2 times, then sell off on high volume.... or close on it's highs.

  • a nice abandoned baby,
  • shooting star...
it's what we are looking for...

Like I keep saying... catch it after the top tick...... Like when it rebounds.

where are we...

Well... that sell off felt like something to Chase... which according to my Bullshit self published book.... isn't quite it.... never chase...

I very much want to see a very nice dome top... Nice smooth... high volume....... maybe we are getting there, maybe it happed.... Everybody is talking about an 875 close... we may just have to do that... to get that top in..

I seriously hate giving a blow by blow of this thing ....

and it's better to catch it on the other side of the hump, besides worrying about top ticking it.... Crazy if it sets up as a perfect sell in may...

hard to know

if that is my 3rd wave top and this is the 4th wave... or if that was the false break out..

they were psyched at powerlunch... and Cramer was ..... excited but he didn't break anything or hit anything...
this could be my left shoulder....

nervous to point that out


Cramer wasn't as excited as I'd like him.... sounds creepy doesn't it...

nice how we hit the trend line

I'm hoping maria drools a little... or a little dance... but El Topo may be tomolly.. I can hear the money managers... "Ok.... lets deploy the rest of the cash before this gets away from us"

Lets see if we can get that left shoulder going....

and see if we can get them Frothing!!!!

my prediction


is that this just sucks enough shorts in to get blown out again.

we have a small divergence


we also have a looming pink line up there...... I could see one more high, than maybe we can call the 3rd wave over.

We sure arn't very excited.... the horror is that I have to watch cnbc here.

*wink* Panic sets in

this could develop for 2 days...

Bill Griffiths is declaring "the most wildly watched level is being Breached"... shorts panic...
Jeff Mackie jumps in!!!

Wave 3 of that wave 5 should be ending soon....

panic at 87.60....

Jack Berougian says

its a whole new story above 875.... with a smile....

*I say with a devious smile*
http://blogs.netapp.com/exposed/WindowsLiveWriter/Mr.%20Devious.jpg

This was filed under Devious in goggle images

Hey look Costumes... damn.. must be spring

the Elliot Waves on this move

we will want to see a decent correction and another move up... Still

And I want to see some panic from the shorts and some Orgasms by the bulls

Notice how even the old trend lines...

play support and resistance even days after.

BULL trap... H&S

Back at it.

So... Nice upside move.... by EWT standards this move is not done... and as much as I want to say I was right about a double top.... I wasn't... we obviously have the Nebulous Tipple top... which means It's going to break through...

Just to cover... I will never do this again, I will never blog a top or bottom of the market, and refuse to sit around for the joy of the general public and blog and dance like a monkey for you to perform for your bennifit.

BUT... it looks like we will get an upside breakout... and as Teresa calls it "Trade of Last Resort", as we Breakout, and it makes the Bears cover, and brings the remaining bulls in...

What that would probably look like is a nice Head and shoulders above the 87.50 level... Breakout above the 87.50.... Pull back to the 87.50 then a final high..... and then the right shoulder.

In EWT, we are in ... of the current trend(green lines); Wave 5, and Wave 3 of that Wave 5.

this could develope over the next 2 days.

just a chart...

we still have the possibility of the "Trade of last Resort" to the upside here, which is a breakout of the upper resistance.. I umnn... Watch the trend-lines... BUT.. I want to point out that like with geometry, valid trends are ones that have numerous valid points, not just 2...

and the resistance most tested is the one most likely to break...

pennants are normally 4 swing patterns.

Tuesday, April 28, 2009

arlen spector

http://www.allamericanpatriots.com/files/images/senator-arlen-specter.jpg
I have some thoughts....

Now I remember... what is most interesting is that it's starting to become obvious the Divides in the Republican party, At one point it was more like a breakup of an iceflow, and all the pieces were going in a million directions. Nobody knows what parts are going where....

but now we are starting to see which pieces of the "Iceflow" that has broken up, have gone where. Certainly there will be some fighting, but at the point where you know where the Breaks are ... One can start to put things back together...

Once the cows have scattered, you can round up the ones you have and go after the ones that have run off.....

as much as I'd love to see an implosion of the republican party.... and even a rebirth of something more reasonable. It should be only a matter of time before... they will Rally the troupes.

I didn't mention it

Episode 3 of American Experience, We shall remain. was on last night....

and tonight is another episode of frontline. I think it's mental illness and prison

This year, hundreds of thousands of prisoners with serious mental illnesses will be released into communities across America

there are a couple michelle bachman websites..

www.bachmannwatch.com

http://dumpbachmann.blogspot.com/

Poe- hello

I gave out the hard core... now the great songstress...... Poe..

Peaches - set it off

If you don't know who peaches is.... your in for a treat... or to be offended....
This isn't mello.....

The Fall and Rise of Reginald Perrin

http://www.tvshowsondvd.net/graphics/news3/Fall+RiseReginaldPerrin.jpg

available May 5th at amazon.... Make sure you get the correct Region dvd.

I actually just got the audio books....

daytraders as bagholders

Ooopps as they hold to the close.... so the little triangle I called, broke out... sucked them in... and blew up in their face... and again... we are to the Green Trade Channel...

which now is the 3rd test of the trade channel..

I still don't know if this counts as Failed move fast move....

but we could see some massive running away from the market after all the dip buyers moved in over the past week and a half...

BUT again... We want to watch the Boat Rocking.... and see if we can get a point where emotions are high.

OMG yank sell off

Market sells off as the NY Yankees lowers price on Yankees seats.

I'll stick to my local Tripple AAA, and 2 dollar drink thursday... and cheep hotdogs...

Some stuff

The bottoms for me are easier... I don't know, the trauma is stronger, and I feel better at it. I have a good sense of empathy... so... Seems like Sentiment is on the downswing...

What I'm sort of saying is that for the most part this is my first TOP... since my eyes are/Were significantly opened.

What I wonder if what I'm seeing in all these false breakouts, Trend line voilations are all just indicators from a "Top"... and that it behaves this way all the time... I know it's maddening...So.. again we have started breaking the uptrends in the market... in what seems like a downtrend... But the wave today... Sort of a ABC Correction..... 2 push.... something something...

satan market

http://roflrazzi.files.wordpress.com/2009/02/celebrity-pictures-lordi-economy-satan.jpg

see if it's going to throw a false breakout here.

bla bla bla

we will see... something or other...

I'm to that throw up my hands point.... there is a horror show of the small ascending...

Ughhhh part 2

I guess it's a good thing it doesn't feel good to be short..... I'm hoping for an arlin Spector becomes a democrat sell off.... *wink*...

We are still in a Consolidation pattern between the most recent high and low, and you can see a sort of Pennant... the tense thing is that we seem to test the top more than the bottom... but Top's need to be made somehow....

But it's all just market fun pain.... The good thing here is that we arn't showing Impulse anymore...(just wait a few minute and the market will show me)

New Economic Indicators and Releases

What does Blue Horse shoe love?- Blog search of "BHL"