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"

Friday, August 7, 2009

Fucking Hell


I'm blown apart.... Long fucking week.... I hate this so badly.... If you have read this blog long enough.. My goal is to not trade. For the past 6 months I've had to do it to keep the bills paid. I hate it, and think that anyone who trades more than a few times a week is a loser.....

All the "Real Douchbags" are on my tv on fastmoney..... It's like a Koolaid Fest.... and we got a nice Counterknowlage lesson about how deluded these guys are about "why the market moves".

So... the only thing we have is this "Shooting star"... I said today that the Friday of the NFP had a tendancy to followthrough on monday.. so we have this reversal pattern... I guess the same thing today. Let us restate that with the President blowing himslef on the economy today, should bring more bagholders in... I guess. so that is as Technical as you get get to hang ones hat on a reversal.... SLIM 65Min MACD divergence. shity EWT, Shity 3 push..... but if we can get a Non technical reversal.... one that just happens and blows them away....

Brian... pointed out this

I umn.... this was doug kass... and not to fade him cause this was how I felt... but that is why I felt like we had a possible reversal.

This is the Doug Kass feed on the day

Time to Reassess 11am
It's hard for me to fathom the gains on top of gains in many areas -- especially in select financials, retail and REITs.~But as Grandma Koufax used to say, "Dougie, get used to it."

Adios!12:30
With my tail between my legs, I am leaving early today.


Of course the market reversed just after..... I didn't see this till later in the day, I don't want anyone to think I'm fading Doug...

I've been messing with Adam for the past week.,,, I've also been looking into Twitter as a sentiment indicator... it is very much like the "Thousand Monkeys"... He felt like he capitulated today..... He gets worked up I can call the reversals... seems like he trades based on Options cheepness or some such shit.... and he hates sentiment... I joked about selling it when Melissa wants to blow Kudlow, and buy it when the fast money 5 are all bearish... It all reminds me of how much I miss Jeff macke.... and how much I hate the Cavlecade of DB they have flowing through there..... but they were VERY bullish today...

The nice thing about twitter is that I realize I seem to trade about 2x better than everyone. Even though I hate it....


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