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BUY TZA 12.27 all in now
Kind of difficult to add longs here.
http://stockcharts.com/h-sc/ui?s=$VIX&p=120&yr=0&mn=2&dy=0&id=p50595328813
How's that crow taste? Congrats, you nailed the bottom...again.
So far so good...although I did not expect a 4% rise in the market in 4 hours.
http://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=5&mn=0&dy=0&id=p31913857321&a=287654489
Thoughts on that chart?
Well, I guess market manipulation beats the coppock curve.
Is this the bottom of this move?
New Weekly SPX. Note Adv Dec area section. Also, Open up to daily and hourly. Weekly looks like 1325 could be next target if drop continues.
http://stockcharts.com/h-sc/ui?s=$SPX&p=W&yr=2&mn=0&dy=0&id=p95031648049&a=287346319&listNum=43
So far so good.
Rivers
N'Awlins is pretty safe if you stay in 'the Quarter' or downtown area. It is not a big 'downtown' so you are in walking distance of anything and everything Mardi Gras. There is always a big police presence so beyond finding a pick-pocket you are good. A lot of good motels and bed and breakfast places but book early (now) and be sure to check on secure motel parking if you are driving (cost extra).
Mardi Gras is a good time and usually not too rough...but there is a massive amount of alcohol to be had (and is had) but usually just good fun...
Probably a good idea to stay off the WestBank unless you know the area.
Mardi Gras.............
Been a long time since I was there Rivers. French Quarter is the place to be, at that time you didn't want to go south of their. Now IDK since the big K a few years ago.
Have fun, wish I had time to go!
King
Merry Christmas sp and all the posters who take there time to help guys like me make sense of this market......
Merry Christmas indeed!!!!
I wish all of you the best!
Back at you Spd and all who made this a great board.
Merry Christmas
no doubt, only real post child was Madoff
Hi King. What do you (or anyone) know about going to New Orleans for Mardi Gras? I'm planning on going this year and wanted to know which area is best for motels, etc. Is the French Quarter the "Hub"? Also any areas to avoid? TIA!
grasshoppah - This article from a year ago explains a lot about why he has got away with so much.
http://abcnews.go.com/blogs/politics/2011/12/jon-corzine-obama-partner-and-campaign-financier-subpoenaed-on-mf-global-collapse/
So where is he now?
http://www.advancedtrading.com/managingthedesk/what-happened-to-jon-corzine/240003244
LOL! Man the boyz got him out of the spotlight PDQ didn't they? Amazing how someone who would appear to be as totally incompetent as he is ended up in so many high positions!??
sleeping with the "fishes" I hope
At a good place to bounce...
or not.
SPX has dropped to the bottom of an up channel (blue). A bounce from here would continue the rally. Breaking below 1420 could produce a further major decline.
See daily chart:
http://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=0&mn=3&dy=0&id=p95350935131&listNum=43&a=286711642
Let me know what your back test produces.
Trend, I like this as another view of the big picture. I will keep an eye on this and do some back testing.
Where is John Corsine these days?????
no doubt it took place along with some other
"untraceable" means of informing some major players
as to a "heads Up" drop
"Above the Law" for them but you and I would go to jail for
In fact they appear to have been even sneakier. Won't know for sure until the open interest is posted in the AM. The MASSIVE (500-600k) volume was in way in the money calls.( the volume in near the money calls and puts can be explained) They sold the premium they will buy these back tomorrow cheap or as the case in some expire worthless. KA CHING!!
SPOOS CLUES-----CBOE--Intraday--SPX--- Over 200K Puts Bought last 1/2 Hour-----Last 1/2 hour not posted till EOD----Da Boys @ it again!----!!LOL!!
I wonder.....
How many members of the House shorted the markets today. That would be some interesting info :)
Yup, but it's to be expected as the criminals in Washington play this game until the last minute. Many ups and downs in the next couple weeks.
gonna be a lot of pissed off people in the AM
Large gap down looming.
House Plans no Vote on Boehner's Tax 'Plan B' Until After Xmas
From @BloombergNews
you guys might want to look at the Futures
Gold ABC Down
See the charts. Euro Top it appears, so... guess we see.
http://stockcharts.com/public/3421479
everythings a mess
think gold/silver was telling you something is up with it's action this week...
let alone the bloodbath this morning
What is the name of Glen's board?
Wish to follow.
today will be crazy
Hi King
I have decided to work exclusively on my charts and systems at Stock Charts. I will be posting my daily comments over at Glen's board. Here are my charts over at the public lists. My Charts I am going for #1. I see the charts above me and think it's just a matter of time LOL... I am watching the Euro currently page 1 chart 5 - end of day chart, but if we end down in the FXE today, it would probably mark a top in the market. Tricky stuff calling tops, but the currencies have generally been showing us the way.
Foot...
LOL no one will even post here anymore with me as MOD, see last post a reply to Rivers and you will know what I've been doing lately
A large number of lurkers came here everyday for your charts, plus posters so please don't ignore your followers and stop posting your charts here old friend
Thanks for all you have done, and I hope you will still do!
King
Hi Rivers!
I haven't posted,lurked,or even been trading for months now. I've been real busy trying to find a way around Obamacare for my Restaurants, and I did find a way :)
It took and is still taking a great deal of my time to make it work. None of my full time people will lose any hours, or health benefits! YEA!!!!
I am not going to discuss how I did it, other then I paid my Lawyers and Accountant lots of money to come up with a way, and they did :) My staff is very happy with the final outcome, no one losses hours or there job. I had told them I might just say F it and close all 3 of my stores, in fact I believe you and me talked a little about in months back...
Hope all is well with you!
King
OK King
You are Da Man! Don't screw it up LOL
I'm sure you will do a fine job as moderator. Welcome back!
(Correction)I discovered a calculation error on my Monthly data sheet and the data in the T1 column was not correct. I have now corrected that and it has a big impact on where I believe the Bull top might end up. I still believe this Bull market will produce a record high on the SPX.
Here is what has been corrected from the last report:
Look at the T1 column that is how much the Monthly Phase 2 exceeds or fails to make it's projected high. The Monthly Phase 2 exceeds it's projected high by an average of 106.4643, the current Monthly Phase 2 projected high was 1437.3 it has currently exceeded that target by 37.21 pts. If you take 1437.3 + 106.4643 = 1543.76, that comes up about 32.33 pts of the record high. The max the Monthly Phase 2 has exceed it's projection has been 660.29 points, so the max high for this Bull market could be 2097.59 and of course the minimum is the current Monthly high at 1474.51
So the bottom line here is this Bull market is likely to go to 1543.76 which is 32.33 shy of the record, it could go as high as 2097.59, but I believe it will exceed the 1576.09 level.
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