well, there was a first sign of weakness... I'll be curious how the volume and how this little 5 min upswing behave...
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
Monday, October 12, 2009
seems crazy
terranova super spike
so we sort of broke out... remember we are dealing with purple crayons here... but the super spike theory grabs hold here and runs.....
Econ 115
God bless the internet, I just realized that
Sorry there is more
CNBC:
- Your trading week Dow 10,000 and beyond
- Earnings may offer pleasant surprises
- don't miss bigger tan normal bounce,barton Biggs
I was just looking at the dollar
and gold, and the spx. and this is about the correlation.
Thin Day
Columbus day
Sunday, October 11, 2009
Lets look at some charts



Friday, October 9, 2009
Friday randomness
Obama won the Peace Prize today. I'm sort of in the camp of the "Really! So soon!?"
the question
is if this is part of say a 3 push or if there is yet one more high or an inverse head and shoulders here.
Thursday, October 8, 2009
bla bla bla, super spike

So... The reason I hate EWT is this. I've been dinking around with the wave counts right? wave 4 consolidation bla bla bla.... but I don't know that it's not a larger wave 2, and that we are about to do the Terranova Super spike. And I'm mostly wanting to post it so I can curse it(if only I believed that worked). bla bla bla or if Here we are the consolidation resolves, at 107.20 which is the target. and we get a reversal.
Wednesday, October 7, 2009
Some stuff
maybe part of the sign is that.... I'm cautious, probably more cautious than I've ever been....
Ever Expanding consolidation
Hard to believe we are "Waiting for Alcoa"... we haven't waited for Alcoa in as long as I can remember.
Horror show
a day to drive everyone mad... only sort of made my target, then failed... Now goes down, breaks the downside, then bounces...... But Wave 5....
I know I know
all my lines... Market if very confused this morning, EWT says higher, Sentiment on the Wain... dollar retrace, gold made a new high....

Tuesday, October 6, 2009
Some update
Just to continue on the I'm no Genius, again I did puke up my longs in the morning, Cause I wasn't buying it. Umn, Though I talked about some kind of correction and got it today, I talked about it yesterday too.
So, I mentioned the downtrend/ Buy the Bullflag. Trade of last resort on that breakout. Shown Above. It is having a hard time holding above that. And... Let me say that Guy Adami officially called an end to 'Debby Downer' I'll also suggest that there was a ton of excitement today, and it was offical "you can't be short"... Bla Bla Bla
(all that means is we start looking for 'it' AKA the end of the swing. Let me also suggest that again, those that jumped in short on the downswing from last week are just taking pain, for not recognizing the swing. That white line represents the last point "They Panicked at".
But lookie here, we have that nice breakout. and you have a nice horizontal to watch, for the reversal.LOL RUMOR IS
that at the "Secret Cabal" Meeting one of the things in the "Basket" will be Gold...
Pile on
I umn... was looking at the stigletz thing about him Mirroring Greenspan about "Irrational Exuberance"
You know that I love a good trend line but, I think the real "Trade of Last Resort" is a break out of those buying "The Flag"
The hot trade
I puked my Longs up into the pre market BTW....
Daily
Tony was asking... So you have that 8/28 high 9/25 Low. Which after we broke it, they puked them up. Now we are above it they are buying them up. But here we are in this upswing, which now has Broken that pivot level. Now we have Broken that level. Now we look to see if we can Stalk the uptrend and look for a reversal... Which Means WE WANT TO SEE THE REVERSAL. NOT TOP TICK!, and it seems like a significant break of the 104.35 or so.
Armageddon trade
SO... EWT wave 3 of 3 this morning. Wave 4of wave 3 after 10, into wave 5 of 3. see if we can get some kind of solid correction Wave 4 into one more high maybe tomorrow, which would be wave 5 of 5.
Word this morning is all about how there is a secret cabal to get rid of the greenback.
Misch has a look at it, I'll never give misch credit for anything but being a Curmudgeon. but it was worth reading.
I think there was something at ClusterStupidWhat you have to realize is that most of this isnt new, with the exception of "Secret Meetings" but some random phoneconference wouldn't suprise me.
ugh
Precter is out... Calling for the great crash of 09
Monday, October 5, 2009
so much for a bit of a correction.
Too many distractions going on around here to post. Nothing but a midday pause. So...
Weirdness
Decoupling
The craziness is that we have a slight rebound in gold, and dollar weakness with spx strength... which all makes sense...
So...
this is sort of a 5 wave... seems like maybe still some kind of 3 push finish would be interesting... and maybe only a short leg down.
Something Sideways this way comes
My little flag was playable.... but... I'll be curious if we get a lower high here or if we can push up.. and make some kind of wave 3. This seems like an odd pattern. Not sure I want to play anything but solid failure... which I may not do..... and as I'm typing we are moving higher.....
Stupid chart
I just saw some idiot doing one of those "Time Market analysis" about how the market moves based on time cycles....
Big to small....



Sunday, October 4, 2009
This was amusing
Sectors









Saturday, October 3, 2009
Repulsion... by roman Polanski

Friday, October 2, 2009
Olympics
So, you think I'm going to go on a rant about what a bunch of assholes the right are for Rooting against America and against the Olympics.
Visit msnbc.com for Breaking News, World News, and News about the Economy
Kiss your flag good bye
well not much of a flag.
My TV is all about it
Apparently Brazil is the new china!!!!!
hard read

we hit the 50dma, we are on that trend from the other swing lows.
By wave counts, it sort of confirms my Monday Tradable low, short term, Then we bounce and who knows.
3.5 hours of NFP
It's like being Beaten with a Wet Noodle!
Ugh....

Thursday, October 1, 2009
Chart Astrology
I mentioned to tony as he was talking about when to buy. That for a bounce the Trend day Pluss some Grim Futures, is typically the buy for a bounce.
Rep Grayson on CNN
This is just good stuff:
Here he is on maddow
Visit msnbc.com for Breaking News, World News, and News about the Economy
Observation
I get a total Bad one... seems like CNBC has mastered hiding the Bulge, and no I'm not talking about the bulge Teranova has for Santelli!
ugh
nice to be able to shut down CNBC and just watch the testimony.
morning prediction
So, My predction is that traders will try and fade the gap down 5.
Time to face the MUSIC
I read through the news every morning, and still I run across stories supporting polanski.
He added that despite a "leading Polish director" being involved, it is still a "case of rape and of punishment for having sex with a child"
a little lucidity is coming across the land
Now amung the hollywood NARSICISTS!
Despite that, Mr Polanski has no shortage of supporters, including at least 110 film industry figures who have signed a petition calling for his release.
Among them are Martin Scorsese, Woody Allen and David Lynch, as well as Wim Wenders, Pedro Almodovar, Tilda Swinton and Monica Bellucci.
Of course that other PIECE OF SHIT! Woody Allen(ANOTHER OVERRATED DIRECTOR!! who has 2 maybe 3 decent movies), but another borderline Pedophile(i'm going to give Polanski the benefit of the doubt, assuming he comes back for trial)
"Polanski-admitted raping a 13 yr old-whys every1 in the arts upset hes facing jail? cause hes a gifted director? what am i missing?" asked bewildered singer-songwriter Jewel via Twitter.
retired deputy district attorney who triggered claims of official corruption by telling a documentary filmmaker he had coached a judge in the case now says he made it all up.
Here I am Asking my self "WTF" with this... why am I obsessed with it... then I ask WTF why are we obsessed with this... BRING HIS ASS TO TRIAL!!
Why does NewsMax hate America!
When are people going to realized that not only is this stuff ANTI-DEMOCRACY!!! But it's ANTI-CONSTITUTION!!! This isn't Patriotism, it's the opposite.
There is a remote, although gaining, possibility America's military will intervene as a last resort to resolve the "Obama problem." Don't dismiss it as unrealistic....Will the day come when patriotic general and flag officers sit down with the president, or with those who control him, and work out the national equivalent of a "family intervention," with some form of limited, shared responsibility?...Military intervention is what Obama's exponentially accelerating agenda for "fundamental change" toward a Marxist state is inviting upon America. A coup is not an ideal option, but Obama's radical ideal is not acceptable or reversible....
Hard morning
It's going to be a tough one, maria Caruso Cabrera is on squawk.....
1.4571
Apparently the dollar is stronger, but oil is going up on geopolitical risk... sounds like rumors looking to create new bag holders for it!












