Well now!!

Looks like the jig is up.... I wonder how many, out there... are "Hoping" for a Manic Monday, to puke into, to cash out.....

seems like there is a good counter bet... to them thinking there are bagholders on monday..

we didn't really trend today.....

But it looks to me... Like the Jig is up!....

The swing

We are watching this upswing for a failure. A move below the afternoon low, with no new high, would probably end the swing. Futures are down 2... that seems close.

If futures are negative, I'd suspect a gap fade in the morning. "Then we See".... See if it can make a new 2 day high. or fail.

Upswing continues

Like I said a few days ago, we needed to see the next significant upswing... Here it is...

and I am looking at it.... No predictions.... Just watching it.

SO

We went up, tested the Pennant and sold off.... I have no idea what is going on, on the idiot box.

Goldman, Greece... and a bunch of jerking off, I'd imagine.

so

a lot of volume here... seems like a place for a bounce.

I don't need to remind

we need to see the 65 or 130 minute Down Swing, then the next upswing.... etc....

Doug Kass was ... discombobulated yesterday... which was a good sign...

Also remember this is, so far, just a test of the pennant.

no longer consolidation.

I don't really have anything.

I have no idea what the sentiment is on the idiot box. There is too much stuff on my plate.

Seems positive. we could be an 8 on my scale... could be a 12.

I think I covered it... we don't have anything to sell on the technical side. Unless I'm missing it.

The strange thing to me, about sentiment, is it's way more positive than in 07.

It's a strange metric, and you can talk about kudlow...etc... and sure he is more negative, than he was 2 years ago....

Top Callers ... Crushed again.

I said it the whole time... BE CAREFUL!!! but maybe you were not awake or paying any attention.

Doug Kass continues to shuck and jive...

I don't know what is on TV as sentiment....

But there is nothing technical to sell here.

But, I continue to be super busy.... There is a whole world out there....

thanks for playing, and good luck....

that is what you have

it would be curious to see it resolve down instead of up.. as it normally would.

no chart this morning

futures are down 6... that doesn't sound good.

I'd still look for the gap fade, then see what happens.

Yesterday was real hell trade, no good place to get a position going...

Good thing it was more about getting rid of a hedge, for me.

I'm buried today.... so... Quick post.

some fun!

Still undecided

It's a small consolidation, if it is one. I don't know if I can say, one way or another. "Still Resolving"

The question is

Is this the end of the upswing?

No chart summary

I'm too lazy, to post a chart.

The first target of that running triangle has been hit. That could be it...

Sentiment seems positive.. "Resilient market" bla bla bla bla

in the chart, that I'm not posting. I would look for/be careful of some kind of inverted Head and shoulders, this may give us another little leg up.

But, so far, I see nothing to sell in the current Upswing.

Sentiment might be "positive" but we need something technical...

We need to "SEE" a trade of last resort, happen.. or something else... But on the current upswing, I don't really see anything.

this running triangle

is what we are looking at now.

Upswing?

If we are going to get the upswing.... it should be here.

I'd like to see a retest of the, 15 minute swing low.

swing

So, futures are down 5 that is a retest of yesterday's low that is the white arrow on the spx chart.

The question is.... was the bounce, from friday, just a little Bear flag?

Or are we setting up a panic low on fridays low, a low that will hold until 11 or midday, and then it will bounce.
There is a chance we have another HUGE leg down....

but to me ... it seems like wishful thinking. Once this gets a decent bounce..

We need to see the next Upswing. The first downswing is Now... and we still need to see the next upswing, before we are convinced there is a Downtrend on the daily.

NOT OUT OF THE WOODS YET!

no idea why I do this

I was going through the industrial part of town. On a saturday, if they are busy, from 9-noon is when most companies will do overtime. Everybody sleeps in, comes in, does some work, and moves on with their life.

Most the business' were close, those that looked like someone was there, it looked like "The boss" or the "owner" and it was his car only.

The only businesses open were Automotive, either fixing cars older than 5 years, or Luxury cars getting the air conditioning worked on. There were some retail places that were "Open" but nobody was there.

I Fucking Hate you...

Can that be Eric's version of "The Awful Truth"

Ok, not really. I just hate, that for some reason i'm obliged to sit here like a monkey and type up a bunch of Bullsht! because it may be helpful.....

Somehow... I owe it to the world... Because I'm Joe Fucking Neckbone here to ...Whatever... For you Lot!... I should punish you with Helots again!!!

Waste my time Typing up this bullshit, that either I poorly communicate... or you can't fucking understand.

Chuck Norris and Ronald Reagan, Save the world!

I'm sitting here, watching "The Delta Force" ... I love this movie BTW... Terrorists, Special forces, nationalisum. I had a Girlfriend in Highschool, I got the High Sign from dad because I knew who the green Berets were, and he was a Green Beret.

"Kill them all, Let God sort them out."

I realized, As I watched the move, this is the Tea Bagger Persona. It's like they Grew up and stopped learning things in 1986. They lived through the 70's and a bunch of Horror, brought onto the economy. Somehow Third World Terrorists, were threatening us...

And in the middle of all of that, you just Called Chuck Norris and Ronald Reagan... and they fixed everything. This is their solution. They are caught in some stupid fucking 1986 movie with stars and stripes in the background. Acting like they are 16 years old or 25...

and This Lame shit, is the Answer....

Only it's 30 years later, he is old and fat. Movies are not Real. The middle east wasn't the third world then, and certainly isn't now. And they need to Cut off the Mullet and move into the Next decade...Then the next... and finally the next....

Then finally they will be ready to move with the rest of us, into the Next coming decade....

I hope they are fast learners, because... they need to work on 3 decades of The world turning.

Good luck... Teabaggers!!!

The delta force Lee Marvin's Final movie....

Ok... again... Fuck off...

just a post

these are the levels you are looking at. This is actually much more important stuff than the rest of it.

Odd little ....

• Goldman sachs gets caught acting like a Used Car salesmen.
• They get Paid, not only to sell you the car that doesn't work, but
• they also get paid again when it breaks down...
• Then they get paid again, when what they do, brings the entire Economy down....

Paid four times to Fuck everyone.

and somehow.... there is a rationalization for this.... somehow this is how it is supposed to work?

And the entire Socio-economic model isn't Completely broken?

BTW doug Kass was calling short term bottom at 10:30 this morning.. just to show how Discombobulated "They" are.

Talk about children

Cramer is on ... Acting like a spoiled child...

Understand, in the face of "Bad Behavior" Adults Rise above it, and move on.

Notice how ANGRY cramer was.....

now this is good Television....

So... then CNBC ejects anyone not throwing out the standard pitch....

and they bring in... all the old Hasbins from CNBC... Oh!!!! I've seen that guy 20 times this week.!! I wonder what he has to say... Will it be different from yesterday?

Listen Little Boys and Girls

ON GOLDMAN SACHS GS, BAC, C, ...ETC the banks.

These people are Children....

If your child, drove your car, off a cliff, Racing it. Or didn't like his room, so they burned it down.

40 years ago, they would have Received the Beating of their life.

but if they wandered around like their shit didn't stink for a year, and threw it in your face, Like little JUVENILE DELINQUENTS, "WHAT ARE YOU GOING TO DO DAD!!! I'M YOUR CHILD, YOU CAN'T HURT ME."

"Fuck you, Buy a New one!"

Like the banks have....

YOU WOULD COME DOWN LIKE AN

UNHOLY GOD!

LIKE A VENGEFUL OLD TESTAMENT GOD!

You would swoop down like, an avenging angle, swoop the child out of the "PlayGround", and there would be Chores, and groundings... and the WHOLE Deal... YOU HAVE NO CHOICE..

but on cnbc... it's the same childish bullshit.... like the 9 year old taking care of the 6 year olds.

FUCK THESE ASSHOLES!... our society has no choice but to force the banks to a SERIOUS COME TO JESUS!!!!!

I know it's Anathema to believe that the "Gods of Wallstreet" are a bunch of Six year olds, who need a spanking.....

BUT IT'S THAT EASY!!! Back to basics..

This stuff is still out of control....

World of Delinquents.... or Crack down.

In Case of Downtrend...... Break Glass!!!

in red, and as I've pointed out previously, these are the levels to look for "In case of Downtrend" for hedges/bounces for getting short.

so...

running triangle there.

Worst Psychologist, in the world on cnbc.... I wanted to hit him... He knows nothing about the market, or about psychology.

sentiment intraday very negative. I hate doing these posts.... This level set a trap on the low from Tuesday.

Where is it going? I don't know... so far, Up!

Market looking for a pin?

Who is going to badmouth "Golden Sachs".... Down 10 on fraud charges... In 2 minutes?

That is a lame ass reason to "Sell"

Now.... Don't be scared to Scalp some Hedges.

now down 14 SPX pts on "Fraud" LOL.... HILARIOUS...

Sure it "Should sell" but that this is the reason..... Just goes to show how "They don't really need a "Real Reason"

You want charts... STFU

I stole this from here.

And they need to learn how to take a picture.

Betty Crocker Triple Chocolate Fudge cake mix
Betty Crocker Triple Chocolate Fudge frosting
Caramel ice cream topping (I used Mrs. Richardson’s butterscotch caramel topping)

Prepare cake mix according to package directions for round double layer cake. Cool completely. Frost the top of one layer, then place second layer on top. Use handle of wooden spoon to punch holes in surface of cake layers, pushing all the way to the bottom. Heat jar of caramel topping until easy to work with. Pour desired amount over top of cake and into the holes. Finish frosting the top and sides of cake. If needed, put cake in freezer for 10-15 minutes to firm up caramel before frosting completely.

If someone asks... what your favorite cake is..... Ya! this is it.

Risotto Done!

Sausage Pea...... There is a reason ..... I spent hours on the bike today

ya, it was the big grin....

But.... Look at that thing!

SuperHero!!!! UP!!!

I'm not sure the wolverine makes risotto, but... I'd like to think so.

Now this is what you are watching

But me.... I did 6 hours of work, then worked out for 5 hours.... Now I will eat, then work again....

Life Moves on!

The only bad thing, was a certain DUMBEST TRADER EVER... was talking about how Giddy the markets were, like they thought it ment something...

If ..... THEN

If this can break down, without making a new high.... you have a setup... Well you have a setup... but there maybe a trade.

I have LOOKED for a Setup....

I have Seen a Setup....

Now I wait to Execute....

and I can.... Use a hedge to keep me out of trouble....

and set stops.... Hedge stops.. buy ins.... etc.... to keep me safe while I Get the Fuck out of here

and quit waisting my time fucking around with CNBC..... Macro... and the generic Jerking off.

Move on with Real Life!

Fun Fun Fun!!!

Still running that hedge??? of course you aren't

Personally I need to do a better job of obeying the sentiment indicators....

Poor old Dougie Kass... crying in his oatmeal...

I refuse to watch CNBC... and I refuse to ... watch the news..... SHIT TO DO!!!

Right... You need to mix sentiment with technicals.... and you are fucked here..

There is a pattern that confuses them. I'm not going to give you much of a read... besides based on discipline... you don't step into that.

Me... I had a Great Bike ride in the sun..... Hours and hours of brilliant physical fitness... Working on my SuperHero Physique... Reflecting on the meditations of the day.

then work.

I will give you this... I'm thinking about cleaning the office, so .... Asteroid comes tomorrow....

Fucked ya.... Huh....

The intel earnings were not all that good either. I tried to hear what Jim Goldman of CNBC said... All I heard was Blockbuster.... and Mobile.... Damn he is useful, I think the script he was reading, even he didn't understand.... I couldn't tell if he was talking about the "BlockBuster Super Drug" viada... or BlockBuster Video.....

Thank God, 5 minutes I'll never get back.

Well I said something about -Defence this week.... I know.... You didn't listen...

You want to know how crazy things are, Uncle Ben shut down Ron Paul.... Paul didn't even finish his time. Especially when Ben kept pointing out how poorly he understood the financial system.

"mr Paul.... If you don't want to support the IMF, you should stop congress from doing it, The fed has nothing to do with it."

"but you print the money."

"No, you choose to run the deficits."

.... or something of the like.

sentiment

still huge..... shook those who got bearish out... with the reversal....

I guess Morgan Stanley is laying people off for all the anticipated Merger and acquisition... Booming Economy with everybody shoving $100 bills in their pockets... Just waiting to put them to work....

ah.... the computers do it all anyways...

WTF... am I taking the time to blog this....

Looks like

we are going to want to grind out a top....

I like when the trading looks like "They are very convinced" We may get a nice trade out of the IYR ...

that thing was a rocket ship today.... Like I said... some D-Bag... getting all options crazy in those shitty Proshares SRS real estate.... Is a Contrarian Red Flag, if I ever saw....... Proshares FUCKS THEM HARD... They take .25% per day... and it only exacerbated it... especially when you have every knob in the market chasing the same trade.

who knows... but Grind this fucker out... or some kind of "Double top" ..

etc... that will give a target for the swing... If I decide to run it for you.

Well

Morgan Stanley has been laying more people off.

Swing Targets

I threw out a few swing targets... there is certainly the "uptrend" marked in white. I seem to be in kind of a Cranky mood, I didn't want to post this... and I am not psyched about giving out any other commentary at this point... About bigger picture... etc...

sorry..

Across the Board

I have Clean Bullish Sentiment, Across the board....

Shit is going to Break!

I think I've been talking about it since January. My life has been roughly on hold since 2007, as I've been getting in the groove with this market.

When I look around, and see all these "Knobs"... Upside, Alpha, CNBC...Even the persona of Gordon Gekko or even Buffett...

You know, I dig the guys from pimco....

but with exceptions of Teresa and Pimco, I think these people are LOSERS! Salvation through the Mighty Buck!!! Money is nice... but it only goes so far.

We must Grow, Do new things, Stay/Be Healthy, Work on our Enlightenment, and Expand our horizons. You are Dying EVERY FUCKING DAY!

This .. Is getting easier, and WILL GET EASIER! My life will return to Normal, Adventures, and trying to find Joy wherever it is.

When I was 25, After University, I spent nearly 2 years working temp jobs and flyfishing fishing, until some employer decided they needed me.

I was out in the garden this weekend getting it started, about 2 months late. Reflecting on how nice that was, the fishing and staying on top of the garden. Spring is a miserable time to go an a Massive fishing adventure, so that won't happen...

But New adventures are calling me.... I will break and shatter, everything in my way, Life will return to some kind of "My Normal"..... Or Shit all around me, Is going to get BROKE!

Fiery the angels rose, and as they rose deep thunder roll'd. Around their shores: indignant burning with the fires of Orc. -William Blake

swing

I think, that is your swing. it should catch a bounce back up for a "Retest" of top, end of tomorrow or wed...

I'll have to meditate on a target...

Tiger... The masters

We all know, I'm not a Tiger fan.

nor a big fan of golf.

It doesn't help that, I think he should lose everything.

Lance Armstrong, just dopes... and I think he is a DB, and personaly he puts Tiger to shame, with all his good works.

Tiger is a Vial Shitbag, with some very serious ....

I wouldn't drink a beer with him, I wouldn't be in a room with him, I wouldn't work for him, I wouldn't work with him.

When I was 17 I had a project to watch 12 hours of TV.... I watched "The Masters"... I wanted to die.

So, as exciting as "The Masters" was this year, I kept having to point out to people, that there was no chance he was going to fuck a Cocktail waitress on one of the Greens, or fairways... not the bunkers... or the ... ok.. maybe the clubhouse, but they aren't going to show it.

If you are not a Golf fan, I just think you should keep that in mind.... as much as we are thinking about "The Tiger Woods Affair"

Quick read...

I haven't checked with the "Smart one" yet. if you have, you are probably one up on me.

Over the weekend, I have some miserable chart reads. By that; I mean, some people who, more than usual can't read a chart... have no idea what it says, No idea what it means....

IRL... I haven't seen things so Wacky, in 5 years.... The whole world seems to be on a boat with no paddle. Me, I have the garden started... all is right in the world, lots of work to do.

Like I say, stick to the knitting.

Market Minute- Dfence

There wasn't anything do to really, The market since it moved up out of the "Trap" moved into "No-Man's Land" ... and we have "No-Man's Sentiment". We put in a nice move up at the close, I put on a little "Suicide Trade"... but didn't like selling it at 11K. But the suicide trade, felt like it should.... That is just stupid trader shit, selling 11k. It's very much in "No man's land"

• Monday is the Anticipatory Options Pivot.
• Friday is expiration.
• Earnings should start, but still be quite next week

I'd suspect a down bar on Tuesday, then "We will see" After a bit of a "Downswing" from Monday to Tuesday, We will need to Look at the Upswing, after that....

Either it will make a new high or it won't.

In the Future... "We will See"... But I do not know.

We seem Very quite, 90-95% bullish, with the exception of good old Doug Kass. Sentiment wise he is a Pain in the ass, If he can STFU, we can get something out of it.... But just because he is raindancing, doesn't mean we can't have a top...... or certainly a Swing.

On the last downswing, it seemed like even Kudlow, was tired and ready for a correction, and Bob Pisani... He too was ready for a correction... Those are the spooky ones....

If there is a Daily top this week, that doesn't mean that some of the indexes haven't topped already.....

I talk about "Something that works, until it doesn't".... I was curious about not having a "Sell the news" on Earnings. But, I could just be freaking out.

so... for the next week, it seems like solid D-E-F-E-N-C-E is in order... Though I'm talking Daily Top, in the next 7 trading sessions. keep your shit together.

In other news... I have meetings this week. I will See if, in the economic excitement, I can convince some people into some projects. Spring has sprung, and there is no shortage of things going on. I'd expect the amount of time I have for the blog to be reduced.

Quick Notes

I'll look at the charts this weekend. Sentiment wise... We are at that Stunned point, that point where people are mostly in STFU mode... it seems like.

Things continue to be busy on my end. There is a whole world of things to do on my end. Spring has sprung. and there are lists of things to do here.

Have a Great one! I'll try and get back with you later... maybe sunday night.

I was doing a sentiment read

I don't have perfect sentiment.....

It's very bullish.... But not perfect... But even the last "High" was not perfect.

Doug Kass was doing the "I'm on the wrong side of the trade again"

Maybe it is perfectly Bullish... and I just ... Don't believe it. LOL

Some other people are.... "Choppy"...

I missed CNBC... I was thrilled to be busy, and not glued to CNBC...

There is a lot of "Manic Monday" talk....

Looks like my friends are having their baby... If no labor... Induced at midnight..

But... no shortage of divergences....

Update...

Like I said... I was watching that "Breakdown" line. This morning we hit the Uptrend line, and it Had me doing some covering, and it seems to have resolved the swing, and Then we Bounced.

LIKE I SAID.. we are now above that line.... SO.... I don't know... I made some money... Now I'm watching the swing.

I have a busy schedule, and tons of shit to do. My energy for this blog..... etc are limited. I have do do what I can do... and that is about it. I have to deal with my projects, and with Trading...., And my life. Either I have to get things back to normal... or something has to give... and this is the lowest priority thing, in my life.

Beyond that..." Mama only has so much milk...."

Barb Wire

I'm not sure what to say to readers, today.

It's been a good spring, Physically I'm working on my Super Hero Status......

It's like running an Indy Car, in the slow lane sometimes....

That is what today feels like, today.

There are a ton of cross Currents in here, in the market.

And.... It feels like I need to get out.... Beat the hell out of myself, Because I'm ready to Chew Steel, Eat Barb Wire, Crap Razor Blades......

It's either that or climb the walls.

Goodness... More nerd stuff

Fermilab Vs the Large Hadron Collider.

Where the Higgs at!

And the Large Hadron Rap




And you thought the bikes stuff was bad.

Nerdy Bike Culture

My favorite part of this is when the daughter says, "Dad, You are such a dork!"

If you are, Insufferably curious like I am, It's a mistake for me not to share some Nerdy Bike Culture, with you. I've been discussing Rollers for Weeks, with my nerdy bike friends. Part of why you got a Roller picture of my leg, a day ago. I was trying to explain to someone How to Roller. I get Massive Status in bike world, for being able to do rollers, They are not easy.... But I'm a "Road Less Traveled" kind of guy.

You also should try and understand the kind of balls it takes to dress in tight clothing and ride around on a road bike like you are "Some kind of shit!", But I wouldn't fuck with us. We try and be nice on the road. But... seriously, I smell your stink Mobile all the time, I'm not impressed, and Yes, I fear your 4 Tons of steel on my 200 pounds of flesh.

So, as an object lesson on athleticism, I give you stupid roller tricks!

I'm not sure, that we don't know that "We are Dorks". Don't think that this is as easy as he makes it look, and it takes some serious fitness. It's not a trick. Balance and fitness.

Trying to figure out...

I was Reflecting, This Weekend on "Clear Intent", And "Living With Clear Intent" And it reminded me of this song. Clear intent is, no Easy Task BTW.

The lyrics, of "Shape of My Heart", which are UNREAL! Which seem to Speak of that same Duality(Could I add: Horrifically difficult Razors edge, to try and walk)......

Enough of Wanabee Literature Professor.... but....

Sometimes it's " just the dance".... Sometimes "just the Adventure".

Looks like we get Sting, bare foot and cross legged on a couch, for this one.

He deals the cards as a meditation

And those he plays never suspect

He doesn't play for the money he wins

He doesn't play for respect

He deals the cards to find the answer

The sacred geometry of chance

The hidden laws of a probable outcome

The numbers lead a dance

I know that the spades are swords of a soldier

I know that the clubs are weapons of war

I know that diamonds mean money for this art

But that's not the shape of my heart

He may play the jack of diamonds

He may lay the queen of spades

He may conceal a king in his hand

While the memory of it fades

I know that the spades are swords of a soldier

I know that the clubs are weapons of war

I know that diamonds mean money for this art

But that's not the shape of my heart

And if I told you that I loved you

You'd maybe think there's something wrong

I'm not a man of too many faces

The mask I wear is one

Those who speak know nothing

And find out to their cost

Like those who curse their luck in too many places

And those who fear are lost

I know that the spades are swords of a soldier

I know that the clubs are weapons of war

I know that diamonds mean money for this art

But that's not the shape of my heart

And I'll wander around and look for my Nuts!

Follow up

Yesterday, this was my concern. A pull back, at my target, was a break of that Pervious High from Thursday before last. See it on the above daily


And it means we managed a "Reversal Pattern" today. So that level is what to watch. And it is a good looking Wave 4 into a 5. Tony and I traded it roughly perfectly today. I would expect for it to continue to be bearish, BUT we need to go down and test the uptrend line. Shown in white With Green Arrows. The market did set a very nice "Trap" for the bears, at that level.

Regardless, it really looks like the trade of last resort doesn't it?

we will see.... it seems like there is time for us to get some follow through.... See another Bar!

Chart

Weird.... You would think that that red line would hold, the higher one.... OR that that line "Needs to hold" .... it has me head scratching....

So, I'm going to have to think about it... getting below that seems like it would be significant.

It's interesting....

I must be in a good mood

Ok, that probably isn't true. I'm on my vitamin B supplements, and REALLY TIRED!

I ended up doing 2 workouts yesterday. The first one, I don't even remember. Followed by the one I posted yesterday.
I didn't want to give the impression I was "Calling top" (hell, this scares me as a contrarian indicator.... But.... Never did mind about the little things.. I think, With warning season, a wain in sentiment.... there is "Some kind of Pullback" here.Maybe even enough of a trap to get them below that lower red line, or the Yellow arrow.... Or just a pullback to the red arrow or something. THEN WE GET AN UPSWING!!!... Then We see.

The thing, I don't think anyone gets, is that we don't get aggressive yet. This is not the time. You want that "Retest Swing" on the 130 minute bars.... Like a Daily retest of top, that fails... that is where one gets aggressive. I'm just farting around here.... Trying to justify my time..

I just wanted to be clear about what I'm talking about.

I very much suspect sort of a wave 4 pullback, into a wave 5 top.....

Sometime in the next 5 trading days

strongest geomagnetic storm

From here

Feeling a bit scattered today? Well perhaps you can blame the weather. I'm not talking about spring fever. A blast of solar wind is pummeling Earth's magnetosphere, sparking the strongest geomagnetic storm so far this year.

Fragile

Mama has some Milk for you!!!

Everybody is so Unhinged... Of course, you never know... maybe it's me. ;) LOL

You have to be able to make fun of yourself.

But it's just been .... Strange... and I'm always trying to ... Push the envelope. It's spring, I keep trying to see how strange it can get.

There is nothing wrong with an adventure!

But you still have to keep the rubber side down!... No that isn't dirty talk. it's keep your wheels on the road.

I was talking to a friend a few weeks ago,

she mentioned how we are all just little Bunny-rabbits

Scared little Bunny-rabbits

Seems true, with the exception of those trying to Over Compensate, and trying to pretend they aren't.


So, How about a little Sting... and a little Fragile.

If blood will flow when flesh and steel are one

Drying in the colour of the evening sun

Tomorrow's rain will wash the stains away

But something in our minds will always stay

Perhaps this final act was meant

To clinch a lifetime's argument

That nothing comes from violence and nothing ever could

For all those born beneath an angry star

Lest we forget how fragile we are

On and on the rain will fall

Like tears from a star like tears from a star

On and on the rain will say

How fragile we are how fragile we are

On and on the rain will fall

Like tears from a star like tears from a star

On and on the rain will say

How fragile we are how fragile we are

How fragile we are how fragile we are

Cool hand Luke

We were looking for the Gap and reverse this morning. I never know what the hell to say to people. They don't understand when you say "Looking for". and every time the market makes a 15 minute or 30 minute high. I need a 5 min retest before I want to play. We had a nice 5 min retest today, which failed. It coincided with the resolution of the Triangle, which was why I was .... Why I spent the day watching Ticks instead of working.

"Everybody" wanted to sell it off of the NFP, I put in some small positions. But as I "Dreamed of the market" last night, when I was trying to sleep. I also knew that "Many People" were looking for the resolution of that Triangle...

So about mid day... "The market didn't pay" and I hit eject. I wanted to get out and Work or do something besides ... watch ticks. But the Fast money 5 were all bullish, and it seemed to me like Just about everyone who was "Trading the Resolution of the Triangle" ... well it seemed like they were ready to puke their shorts, ..... and it seemed like one of those moments....

One of those moments traders get... "Where you have to do the Crazy thing"....

Where in my mind, the remaining Bears from last week, that I mentioned how "Everyone was Bearish"... Where the remaining Hold outs.... Were ready to Puke the shorts. and at least capitulate.

Doug Kass puked up some of his Naz shorts..... etc.... Except Doug did "Call top" for time number 143, and time 15 since last week.... Again, NO PERFECT SENTIMENT

but it seemed like maybe we could get a nice downswing out of it.

"and then We see" It feels like in the "Short Term" sentiment is on the Wain.

I have some kind of technicals to sell, and some sentiment.

I'm not ..... I'm still in "Lets see" mode. I'll read the blogs and get some idea overnight.

I did sell it, then Covered most of it..... Like I say... don't turn a winner into a loser.

I can play with losers on the daily chart, as Daily trades.

But I think I can hear them "Technicals broken" "oversold doesn't work" bla bla bla.....

This extra day of a high... feels like "Them not ready for it." But I want to hear it from them....

and there is always TOMORROW....

There is always the 5 minute Retest...

There is always... One more bar to see....

But it was a day that "Cool Hand Luke" was the play.... Keep your shit together. and call the plays as the game develops. and This just felt like a Very stupid place to "chase the market"

Southern poverty law center

"What if the Klan gave a rally and nobody came"And the 30 or so Klansmen who Bradley said were headed to the rally that day? Well, they got lost on the way from North Carolina. Bradley kept telling reporters his comrades were about to arrive. But they never did.

Look how Cute... Little hood and every thing LOL !!!!

Reverse Sanchez

On the Gap Fade trade?

20 Minutes of Pain!

Those are called rollers... and it's a bitch!!! 20 Min of Indoor pain... You balance yourself on them, while you ride.

Hell with the charts

Doug Kass is still doing his thing. It did seem like he was a little over the bend.

Like I posted last week, he did a bad job of convincing people he was "bullish" no "Bearish"... Something.

His "Best short" IWM has blown up on him.

I also want to point out that the SRS which some stupid Knob took a huge bet on last week. It seems like they did a nice trade. But I've seen it before. The first thing Proshares does when a big bet is put down, is start working the Nav, and somehow you see a nice 2% bite taken out of it, Right after some "Big Investor" makes some Wild Lotto ticket bet. After that there is some bounce, all the other knobs see the trade, just like when old doug runs his mouth off about IWM, and they both run to a new high.

Same shit Different day.

Those are the dangerous things to short on downswings, the other stuff some of the stuff they are all giddy about, that stuff you may have a decent chance with. But when these guys start blowing their mouth off about them. Know it's "misery loves company" and they just want you to take it up the butt with them. Not that there isn't a chance maybe once the Down swing starts to get after them.

As always, know where your opportunities are and where they aren't.

I'll see where everyone is tonight.... but for the most part, everyone is quiet.

There is usually a down swing, through warning season(this week), then maybe a Pop toward the end of the week. If not, anticipation is very high for earnings...

I can't take the time to watch CNBC, so... whatever is going on, I can only catch sentiment through what I'm reading.....

And honestly, I'm not kidding, if there is a "Massive V" Recovery, my problem is the hundreds of thousands of dollars I'll lose sitting here, I'm happy to miss out on 10-20% returns, in the Jerk off of the market. So work is my big goal....

But if that work isn't out there.... I don't lose anything by looking for it, but if that recovery isn't there.... you have plenty to lose in the market.... Risk.... Reward...

Good luck Kids!

Here we go again.

Nothing has changed, I just thought I'd post before I go to bed. Keep to the Knitting. But again, Think about a "Trap" and if you get a good trade below support and it reverses back above it. It's a good place to go long or hedge... or whatever you need to do.

It seems like most people have gone nuts....

and most my indicators... well everyone has "Gone quite"... I'm not sure if it's capitulation, but it could be.

Afternoon Mediation

When the the desire for Satisfaction and Happiness

are not in sync with the methods we use

to bring that Satisfaction and Happiness about.

Good old easter

So far, its been a nice weekend. I'd tell you about it, but it is none of your god damn business.

I've said it before, I'm not a believer in any way.

In fact, I'm so much 'not a believer', the hard part is, that it's difficult for me to even listen to the things people try and fool themselves about.

There is an engineering principle, or a few hundred principles. The more layers of complexity, the less likely it is, that it will work. It's true in all aspects of life. But Somehow as people, we want to, and think it's better to layer tons of bullshit on top of it.

And to talk about, re-inventing the wheel, or 'First principles', these days, they call this "Living with Clear Intent"

It's bad enough, to have to deal with our own layers of complexity, it's worse to add even more. And there is no better way to self defeat, getting what you want.

Worse... why it's always my responsibility to deescalate things, or Break things down, or make things work. Why is that all my job...

It's almost like, i'm the monkey, and someone else is playing the little Organ Grinder, that I'm supposed to dance to. I guess it's a surprise, when they "Play the music" and expect you to dance.... and you walk off going "WTF are you thinking?"...

But I guess it's a surprise... I guess the real surprise is that you walked away. As a lucid person, why would you want to be a dancing monkey?

Dance Monkey Dance!!!!

*eye roll*

hmmm... well that is some rambling ranting!...

They should make a country and western song about that.

Did I ever tell the story about when I helped write a blues song about a Science Fiction series.

It's been a nice weekend, hopefully there is still another day of it. There are always piles of things to crank out, sitting on my desk.

Things to do, adventures to be had! I guess "Dancing Monkey" is an adventure, but not a very good one.