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Tax and all,There is an absolutely gigantic Fibonacci Cluster pointing toward a major turn around October 5th, 2007, +/- a few days. It may be the largest Fibonacci Cluster we have witnessed to date. October 5th is also our next Phi Mate turn date. This date has two phi mates, which usually means it will be a major trend turn.
We do not know for certain whether it will be a top or a bottom. But we are confident it will be a major turn. Should prices continue to rise into that date, we would expect a crushing decline to follow. Should prices top soon, then fall into that October date, we would expect it to be a major bottom.
Wednesday's decline did move these indicators closer to reversals. What we are witnessing is a major battle between the Fed (and the PPT) interjecting huge amounts of liquidity into markets, versus horrendous economic conditions.
Should be a VERY interesting few weeks coming up,I am still short a few positions going into 9/11 then I plan on being cautious going into the Phi Mate turn date 10/05/07 plus or minus two days. When the move shows itself I will be in with two fists. Also want to be in cash when the fed announces on the 18th. Cheers my friend
Mar I kind of disagree/phones you have to get past that 2 year commitment. Next contract up for me and I'm all over the Iphone,they are very cool,web access is a great feature and the bells and whistles will only get better. Plus AT&T has the best coverage hands down. Over time their sales will continue to grow IMHO especially for buisness users. My cousin is a real estate contractor and he told me it paid for itself the 1st week! He was building an addition,the architect changed the plans for a deck midstream and was able to email him the new plans on the job site!Saved him a days work with his crew. He would have had to stop the crews work,go back to the office to get the new plans etc...
My QQQQ puts from late yeterday up 33% in a day,still holding
Tax,yes 5 contracts so far,I see a big swing coming. I almost doubled my position late last week but I couldn't pull the trigger. Waiting patiently in the weeds
Here's J's latest letter,ON TARGET,Can Q's@ 1.47
JERRY OLSON'S
"POINT" OF VIEW NEWSLETTER
DATED SEPT 2ND 2007
"THE FED CUTS NEXT MEETING"
Hello out there all my cyber trading buddies from around the globe. The Labor Day Weekend down the Jersey shore was nothing short of spectacular. Just a fantastic 3 days away from the war zone. Let's buckle up here i smell fun and games lying just ahead.
It is now my contention that the Fed will cut rates at this meeting only because the bond market has already reduced rates for them and the Fed Fund Futures seems to dictate the same. Add to that mix is the current uncertainty of this mortgage debacle which of course we have no clue either. But the question remains if the Fed is injecting funds almost daily it's a lot worse then we all know. The fall out may be a lot great then we suspect but all and all the onus on them to cut to show full support for the system and more. IN this case what with a potential of 3-4 cuts coming our way and the Point & Figure reversals back up of the bullish percent charts of the main indicators off historical lows, i would suggest you get long on every single pullback right up to the Oct-Nov possible re test of the lows, which is beginning to look doubtful now, and continue to buy right thru Dec/Jan. You will not get another good chance at this set up for years to come folks. So let some of those Benjamin Franklins lose and buy some stocks, options, or Etf's with that cash.
I got you out almost at 14,000, now i want you in for 15,000 coming our way in the very near future. You do not have to place all your funds into the abyss of the markets right now, but certainly once we get past the FOMC meeting on the 18th and we know the actual outcome of that meeting we can dive right in then and there. Even at this opportune time I'm going to suggest you place some funds into the Oil & Oil Services sector that I've been writing about for the last 2 weeks or so. The bullish percents have reversed up from deeply oversold levels with the stocks within the confines of that great sector correcting right to the recent lows. Buy with confidence buy with a solid gain in profits on down the road. We'll talk about 3-4 names in this newsletter below using call options out to the Dec/Jan strike month looking for 100% returns on our cash investments. We of course will use hard stop/alerts using the price of the stock for guidance. I remind you all that those of you that have traded with me for years now know i kept you in the long side of this game for almost 3-4 years now, buying all corrections all dips since we continue to move higher and higher each time we correct.
This time is no different. Think about this folks. Once the Fed does in fact begin to cut it's always 3-4 times in a row, unless they cut a full .50 basis points right now at the next meeting. Next we have this incredible field position of all the BP's telling us the Green Light is on, so go go go. We are heading higher now and during the perfect market time frame of the next 6-7 months once we get past Oct-Nov. It is imperative to not be greedy as we move higher, but to trail up hard stop loss orders all the way protecting your investing/ trading capital at all costs. As daytraders we can now see some good evidence that stocks are trending higher intraday at certain times giving us the opening to sit in that trade all day long using profitable trailing stops staying in the trade. As you already know short is the not the answer here. Buying dips intraday, or early gap down days is the prudent way to go. We make most of our money trading long. That will never change for me right now. So be prepared to "change" our trading processes as we move thru this wonderful upside opportunity that P&F has given us. This is not time to be complacent of course and in fact we are near some resistance on all the major index charts so we may pullback 1-2 days first before we resume the uptrend. Stay fast & loose with me!
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THIS WEEKS PASSWORD IS=========== fedcuts ===========one word lower case letters
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DJIA---WE ARE TOUCHING THE BRL(BEARISH RESISTANCE LINE) AS WE SPEAK SO MAYBE A 3 BOX REVERSAL BACK DOWN TO 13,250 THEN A BIG BREAKOUT AT 13,500, OR WE COULD JUST BLOW THRU THAT NOW THEN REST http://www.buyitbuyitsellitsellit.com/OJ1.gif
NASD-COMP---SAME SITUATION HERE TOO RIGHT AT R AT THE BRL LINE. LOOK FOR 2560-70 REVERSAL THEN MAYBE A QUICK POP OR IT BREAKS THRU THIS WEEK. http://www.buyitbuyitsellitsellit.com/OJ2.gif
NDX 100 INDEX---LET ME SAY RIGHT NOW THAT THIS INDEX HAS BEEN THE STRONGEST OF ALL MAJOR'S. IT BLEW THRU THE BRL LINE AND NEVER GOT LOWER THEN 50% ON THE BP CHART WHILE REVERSING BACK UP FAST. POWERFUL STUFF FOLKS FOR THIS INDEX http://www.buyitbuyitsellitsellit.com/OJ3.gif
RUT 2000 SMAL CAP INDEX---OK YOU LONG TERM INVESTORS ON A BREAK OF 808 AND NOT TILL THEN BUY A MUTUAL FUND AND/OR AN ETF THAT MIRRORS THIS INDEX OR WHATEVER FLOATS YOUR BOAT BUT THE SMALL CAPS WILL FOLLOW THE BIG CAPS UP HIGHER FOR SURE JUST LOOK AT THIS EXPLOSIVE CHART http://www.buyitbuyitsellitsellit.com/OJ4.gif
SOX INDEX SEMICONDUCTORS---LAGGING RIGHT NOW BUT SHOULD PLAY CATCH UP HERE NEEDS A LOT OF WORK TO MAKE THE MOVE UP- http://www.buyitbuyitsellitsellit.com/OJ5.gif
SPX 500 INDEX---BROKE A DOUBLE TOP LAST WEEK AS THE CHART IS SHAPING UP NICELY HERE http://www.buyitbuyitsellitsellit.com/OJ6.gif
VIX INDEX---CNBC IS ALWAYS TALKING ABOUT THE VIX INDEX WELL IT'S IN A HEAD & SHOULDERS(H&S) SET UP AND LOOKS TO TEST THE 200 EMA DOWN AT 16.00 http://www.buyitbuyitsellitsellit.com/OJ7.gif
ES U7 MIGHT TRY FOR 1500-15010 AREA BEFORE CORRECTING A BIT. 2010 IS R FOR THE NQ U7 FUTURES BUT THE CHART LOOKS NICE HERE. THE TLT LOOKS OVERBOUGHT TO ME WHILE THE 10 YEAR TNX CHART IS OVERSOLD. SO WE COULD SEE SOME RATES MOVE HIGHER NEAR TERM.
CL CONTINUOUS CHART CRUDE---IS AT HARD R AT THE BRL LINE AND IS DUE FOR A PULLBACK...WHILE GOLD IS RISING TOWARD HEAVY R AT 52 WEEK HIGHS AND WILL TAKE A LOT TO BREAK OUT OVER 690-700 AREA.
ALL AND ALL A VERY NICE PICTURE FOR THE FORSEEABLE FUTURE. THE WEELY MOMENTUM HAS FLIPPED BACK TO POSITIVE AFTER BEING NEGATIVE FOR 10-12 WEEKS STRAIGHT. THAT MEANS ALL THINGS BEING EQUAL WE LOOK VERY GOOD ON THE LONG SIDE BARRING ANY OUTSIDE CATISTROPHIC EVENTS.
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HERE IS A LINK FOR ALL DAYTRADERS FROM ONE OF THE ROOM MEMBERS TO USE FOR YOUR TAXES. REMEMBER IT'S UP TO YOU TO KEEP ALL TRADES ALL GAINS AND LOSSES FOR YOUR OWN TRADING ACCT. http://americanware.homeip.net/tk/
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password this week is fedcuts one word lower case letters
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ACH---68.15 THE BTL---67,45 THE SST---THIS IS IN AN EXPLOSIVE TRIANGLE ON P&F. A BREAKOUT OF 69.00 COULD SEND THIS STOCK UP TOWARD $100 OVER TIME. YOU CAN BUY THE STOCK AND WRITE THE COVERED CALLS FOR FEB 2008 AT THE 80 STRIKE. IF CALLED YOU'LL HIT A MAJOR LEAUGUE HOME RUN. THE PREMI'S ARE NUTS! TOO EXPENSIVE TO BUY, SELL THEM!
CHL---68.20 THE BTL---67.50 THE SST---ANOTHER WILDLY BULLISH P&F CHART ON THIS NAME SAME AS ABOVE HERE FOLKS BUT MAYBE BUY THE DEC 2007 70.00 CALLS AND HOLD ON FOR DEAR LIFE<G>
NVDA---51.45 THE BTL---50.85 THE SST---THIS IS OUR DAYTRADER LONG WHEN IT PULLS BACK FROM OVERBOUGHT FOLKS
AMZN---80.25 THE BTL---79.60 THE SST---ANY BREAK OVER 81.00 I WOULD TAKE A SHOT WITH THE JAN 08 90'S IN A BUY WRITE IF YOU HAVE THE FUNDS THE PREMIS ARE OUTREAGEOUS. IT'S PROBABLY GOING TO 100 SOON. BUT THE BUY WRITE IS THE DEAL
JASO---37.00 THE BTL---36.35 THE SST---THIS STOCK JUST BLEW THRU THE BRL LINE ON P&F THATS STRONG FOLKS
TSO---49.65 THE BTL---49.00 THE SST---ON A BREAK OF 51.00 THIS OIL STOCK IS GOING TO MOVE UP IN A HURRY BUY THE JAN 2008 47.50 STRIKE CALLS FOR AN EASY DOUBLE THATS 100% PROFIT BEFORE JAN...
MRO---54.20 THE BTL---53.55 THE SST---ON A BREAK OF 55.00 BUY THE JAN 2008 52.50'S OR 50.00'S AND LOOK FOR A TEST OF THE 52 WEEK HIGHS AT 67.00 A HOMERUN.
ERF---42.40 THE BTL---41.80 THE SST---THIS IS A LONGER TERM CALL PLAY OR BUY THE SHARES. THE WEEKLY MOMENTUM HAS BEEN NEGATIVE FOR 11 WEEKS NOW AND IS DUE FOR A CHANGE OF TREND, THE STOCK JUST REVERSED UP 3 BOXES OFF THE LOWS & IT PAYS A HEAFTY 11.00% YIELD AND IT'S IN THE OIL SERVICES SECTOR BUY THE APRIL 2008 40 STRIKE...IT DOES NOT MOVE FAST BUT IT COULD BE A SOLID WINNER. CHECK THAT WEEKLY CHART FOLKS VERY NICE.
CIEN---38.20 THE BTL---37.55 THE SST---THIS STOCK IS IN A CUP AND HANDLE RIGHT NOW. I LIKE IT TO TAKE OUT THE ALL TIME HIGHS OVER TIME BUY THE APRIL 2008 40 CALLS IT LOOKS VERY NICE BUT YOU WILL HAVE TO SIT FOR A WHILE.
SNDK---56.35 THE BTL---55.75 THE SST---AT LEAST ONCE A DAY WE SCALP THIS STOCK LONG I THINK IT HEADS BACK TO THE 52 WEEK HIGHS SOON.
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OK SO WE NOW ARE BACK IN FULL FORCE THIS WEEK AWAITING THIS INCREDIBLE FOMC DATE OF THE 18TH OF SEPT. BETWEEN NOW AND THEN THERE ARE TONS OF ECO REPORTS THAT COULD MOVE THE MARKETS ONE WAY OR THE OTHER..BUT FOR ALL INTENTS AND PURPOSES I THINK THE FED'S NEW FIGHT IS THE ECONOMY NOT INFLATION
YOUR TRADING LAST WEEK WAS THE BEST EVER FOR ME. MANY OF YOU ARE DOING MUCH BETTER TRYING TO COME TO GRIPS WITH THOSE URGES, THOSE DEMONS. KEEP THE TRADES DOWN TO A MANAGABLE FEW AND NOW START USING 200 SHARE TRADES NOT 100. PLEASE DO NOT TRADE 500-1000 SHARES IT'S TOO RISKY FOR ALL TRADERS RIGHT NOW. LET YOURSELVES GET USED TO MAKING $100-200 PER DAY EVERYDAY FIRST. I THINK IF YOU STICK WITH THE GAME PLAN THIS WILL ALL END PERFECTLY. GOOD LUCK TO YOU ALL I AM HERE RIGHT NEXT TO YOU TO HELP ANYWAY I CAN. MAN WE ARE ON FIRE!!!!!!
SEE YOU ALL IN THE ROOM, I'LL BE OUT FROM 11.30 TO 1.30 TOMORROW.
HAVE A NICE EVENING ALL
JERRY & INNA
Close may be a good entry for the a.m. correction,I'm in for a few at the close for a quick trade can:)
Oct. QQQQ 50 puts now @ 1.50
Dr.Mchughs grim but Realistic views here,Outstanding analysis of what is going on in the economy.
The Dow Industrials rose 119.01 points Friday, closing at 13,357.74. You would think that with the huge rally days we've seen the past week, that one of the three Bearish scenarios would be disqualified. Well, they all remain solidly in play as of Friday night, August 31st, 2007. We have seen a series of lower highs since mid-July, which is Bearish. In fact, we ended down for the week in the Dow Industrials, S&P 500, Trannies and the Russell 2000, believe it or not.
NYSE volume was 98 percent of its 10 day average. Upside volume led at 91 percent, with advancing issues leading at 85 percent, with S&P 500 upside points at 97 percent, another 90 percent up day. It is clear a ton of liquidity is being injected into the market, and the PPT is working hard to turn equity markets around. The key will be to see how the first couple of weeks of September pan out. If the rally that started mid-week continues, we could be out of the woods, with a very brief Intermediate wave 2 correction complete, scenario # 4.
That said, all four scenarios remain possibilities as of Friday, August 31st: First is that the bounce is part of wave 2 up, with a severe decline, Micro degree wave 3 down of iii down coming next, with deva! station continuing for weeks. In spite of the rally Friday, we are still seeing lower highs, thus this count remains in play. To be honest, we favor scenarios # 2 or # 3, not this scenario # 1.
A second scenario is that we completed Minor degree wave "a" down, and a multi-week rally, wave b-up is underway, with b-up having three subwaves, with the first wave "a" up complete, with this week's sharp decline Monday an! d Tuesday wave "b" down, with c-up starting Wednesday and lasting over the Labor Day holiday. Then a plunge, maybe crash, wave c-down into October. .
A third scenario is that we have completed Minuette wave "a" down within Minor "a" down, and the current rally is Minuette b-up, with c-down to follow to a wave "a" bottom. Inside b-up, we completed a-up, with b-down occurring Monday and Tuesday. Now c-up started Wednesday, which should wrap up after Labor Day, to be followed by a mini-crash into October, wave c-down. That third scenario suggests this Intermediate degree wave 2 decline is going to be long and deep. That third scenario suggests wave c-down of a-down would be the typical September/October swan dive, that wave b-up would last through the year-end holidays, and that a final wave c-down would occur in the first quarter of 2008.
The fourth scenario is that Intermediate 2 is short, shallow, but over, and that the current rally is the start of Intermediate degree wave 3 up. Proponents of this argue that we have seen a "V" bottom, which is sometimes Bullish. However, if you examine the decline from 2000 through 2002, you'll note a series of "V" bottoms that simply led to another crushing decline each time, once overbought conditions hit, so we don't put a ton of faith in that pattern as necessarily bullish.
NYSE New 52 week Highs rose to 41, with New Lows dropping to 16. Markets are operating on the clock of a confirmed Hindenburg Omen signal, meaning there is a far greater than normal risk (25 percent versus the random probability of less than 1 percent) of a crash between now and mid-October. We are not likely to see any more Hindenburg Omens for the next several weeks as the 10 week moving average is now declining, which stops the signal observations. A strong rebound could change that, but it would have to be strong in either time or distance, and so far it has not been either. Interestingly, the declining 10 week moving average stopped Friday's rally cold.
Standard & Poor's reported that U.S. Home prices fell 3.2 percent in the second quarter, the steepest rate of decline in 20 years. Mortgage Application volume fell 4 percent during the week ending August 24th, according to the Mortgage bankers Association. Housing Starts fell 6.1 percent in July, the lowest level in a decade. Building permits were the lowest since 1996. Homebuilders Confidence fell to a 16 year low at the start of the Gulf War in 1991, according to The National Association of Home Builders/Wells Fargo Housing Market Index. Home Prices dropped for the fourth straight quarter, according to the National Association of Realtors. Foreclosures in July 2007 came in at 179,599, which include default notices, auction sale notices, and bank reposses! sions. This was a 9 percent increase over June's figure, and 93 percent over a year earlier, July 2006.
We've been suggesting in these newsletters for months that this real estate debacle is going to require drastic government intervention directly with the homeowner, as opposed to past bailouts of corporations, banks, and Wall Street. President Bush unveiled a plan this week that would allow mortgage holders with good credit to refinance at preferable interest rates through the Federal Housing Authority. This is a first step, but we believe before this mess is over, there will have to actually be monetary handouts to homeowners to reduce the enormous debt load that hyperinflation over the past eight years has inflicted upon the average household. That hyperinflation benefited markets, particularly Wall Street, at the expense of massive inflation in tuition, real estate taxes, home prices, autos, medical care, and about anything e! lse you can think of to hurt consumers. Now the chickens have come home to roost.
The Fed began its bailout program in earnest last week when it lowered the discount rate by half a percentage point. Banks borrow money directly from the Fed at this rate, and since the rate drop, have borrowed heavily. Where is this borrowed money coming from? The Fed simply prints it. This hyperinflation will spread throughout the economy, eventually driving the cost of everything much higher. And the spiral will continue. The Master Planners advocate "trickle down" economics, where they take care of banks and Wall Street firms, and hope households gain from direct infusions of money into financial institutions. They won't. The Master Planners prefer lending to banks rather than direct handouts to consumers because it is a hidden exercise. M-3 is! hidden, money supply is increased, and nobody has to know. Direct handouts to consumers are open for all to see. If handled through the tax system, fiscal budget deficits grow. Or, should money be overtly printed and handed out to consumers, it would be a de facto Dollar devaluation. That is what we believe will eventually have to occur.
The Fed broke regulatory rules this past week, to bailout Citigroup and Bank of America affiliate brokerage firms. They permitted these giant financial institutions to lend more than is permissible to their brokerage affiliates. More Wall Street preferential treatment vs. American Households. Again, trickle down economic policy. What this tells us is that the Fed is in crisis management at this time, that the economy is in far worse shape than they are letting on. The Fed believes if they cut interest rates, it will be a sign of weakness, of panic, and that could undermine confidence. So they quietly bailout financial institutions through the back door, then show up on the front curb with smiles and tell us everything is okay. Credit Card del! inquencies are rising, as are defaults, according to Moody's rating agency. Jobless Claims rose to 334,000 in the latest reporting week. Consumer Confidence fell sharply in August, according to the Conference Board, the sharpest drop in two years.
"Bin Laden Trade" link to story here,Scary stuff. Sorry to hear about your eye trouble Bull,hope there is something that can be done to slow it.
http://investorshub.advfn.com/boards/read_msg.asp?message_id=22463581
Hey Pants I am an AVID subscriber,his calls are Outstanding as far as Market Direction is concerned. Takes a while to be able to read his daily post and trade accordingly thats why his 30 day free trial is a MUST! The most honest publication on the net IMHO plus he is a devout Christian which first drew me to his publication. Why gamble when you can get such a comprehensive outlook on the markets? Come join us the water is BEA utiful:) BTW Pant I am working on an additional source for swing trades. Their results are unbelievable,stay in touch,I will post you the picks. Cheers my friend and as always Good Fortune to you and Family.
Lee,short YM's @ 260 for swing
2nd entry here HD Nov. 35 puts @ 1.40
Next Gold dip I'm a buyer with 2 fists:))))))))))))))
Lee,et:ALL,PLEASE check this out. I will be placing a HUGE swing trade on the YM's shortly. Todays rally fits into the scenario perfectly. Come join me for a dip into the swing trades and get your XMAS Cash early:) This evaluation was from EOD yesterday.
The Dow Industrials tanked 280.28 points Tuesday, closing at 13,041.85. The astrological analysis we mentioned last night that suggests a significant top could form within a day of today, August 28th (Monday's 13,387.33 intraday high was the top so far for this countertrend rally), as a Lunar eclipse occurred, which has often been cited as a favorite starting point for stock market crashes, has us standing up and taking notice. Tuesday's crushing still does not clarify the picture for our various Elliott Wave scenarios, as all still apply. However, with new "sell" signals occurring Tuesday in our key trendfinder indicators, we have to believe one of scenario #s 1 through 3 are occurring. Last night we wrote that we had a feeling a plunge was coming, but didn't have the "sell" signals ! in the PPI and Stochastic indicators to take action. Well, we do now. Our thought here is to grab any rally and short it with an amount we are prepared to lose. We are chomping at the bit to enter a Traders Corner Short transaction.
The trade would be based upon the new sell signals in our key trend-finder indicators, the high probability Bearish seasonal tendency for the stock market from September into October, the favorable shorting neutral reading from the PPT indicator, the flat slope of the upward move from August 16th through August 27th (suggesting maturation), the intermediate-term Bearish Broadening top patterns, the Decennial 06/07 cycle pattern, and the various Elliott Wave scenarios suggesting a top coming no later than a few weeks from now under scenarios # 1, #2, and # 3, and the fact our Demand Power/Supply Pressure measure is still short, in spite of the two week rally. If we end up wrong, and lose the entire investment, so be it; our loss will be limited to the amount invested, and with the upside of a short play here quite high, we are more than willin! g to take that risk. This would clearly be a high-risk, speculative trade. It is a situation where we see too much opportunity to play things conservative here, but would not short a large position, as the PPT lives. Hesitation comes from the Labor Day holiday this weekend and the usual positive bias end of month/beginning of month and holiday brings. Maybe we wait for a small bounce here, then act. A very aggressive trade would have us short now, and stomach any near-time holiday rally, just to be sure we are in play.
I'll let you know when I pull the trigger. BTW, Buy yourself some HD puts,I posted my 1st entry earlier today and I will be stepping in a major way again tomorrow after todays bump. Cheers and as always Good Fortune to you and family
1st entry here HD Nov.35 Puts @ 1.65
EXC puts now up 30%PLUS in<one week,Cheers all:)))))))))))))
You like to call people stupid in your posts,recently to me as a matter of fact. Just though you should get some of your own verbage especially when you are truely stupid in your spelling of Chatham.That other wuss is publically known by all to have no class and is a wuss because of its brave internet postings. Your other posts are simply childish and reminds me of a teenager bragging, you are older than your teens aren't you?
YM's Almost hit my 450 target,Dang I never pulled the trigger on another short here. Oh well move on and keep a sharp eye out for the next trade guys,Cheers!
My EXC puts are up 20% in 4 days,Hang on for some huge profits on this one guys,when the trap door hits again we will be going to the payout window cashing in on these puts.The best thing is we have time on our side so just sit back and enjoy the ride. Cheers and Good Fortune to all my friends.
sortawuss,you can't buy class and you DON'T show any in this public arena. Amazing one would show such a low class of written behavior as you do in public,as Zeev has stated you have reached a "New Low",and you continue to perform to your low standards of public discourse. I hope you don't allow your children to read your writings causing personal embarrassment for them. Ta Ta!
My son caught a 48"" Blue Fin Tuna off Momomoy Point early yesterday,I helped net it on board! What a fishing trip this weekend off south beach in Chatham Ma.:) Capt.John(Gadget)was GREAT! Mmmmmm Grilled Tuna. Hey sortawuss,ever make it down to the outdoor bar on Shore Drive?
TLC you're SO Stupid!Chatham is spelled as is!You IDIOT! HOW STUPID IS TLC? MY GOSH ARE YOU AN IDIOT OR WHAT? CAN'T SPELL TLC? YOU ARE SOOOOOOOOOOOOOO STUUUUUUPID.[/B]
MY ZB GTC entry missed by 7 ticks:( Could of been HUGE! Waiting for the right time to enter this market in Bonds. Next few months they will see a big surge IMHO! Cheers everyone I'm off for a wonderful weekend Holiday with Family. Hope to get some keeper Stripped Bass tomorrow. Cheers!
It's SOO easy to get to Sortas mentally challenged existence..One simple post can MAKE sorta revert back to it's teenage years.Huge LOL! You exhibit NO self control here as you do at the tables in Ct. where you LOSE your families rent money. I'm off to Chatam this evening if you want to meet up,look for me at the outside bar at The Chatam Bars Inn. Ta Ta
http://www.chathambarsinn.com/default2.asp
Genesis 1:3. Sorta how is the night job going? When was the last time you made $$$ trading? I know you lose constantly at the Ct. Casinos,must get tired Eh?
Lee,1st EXC trade was sweet,2nd one here just waiting for the trap door again. BTW, You have been trading the YM's Outstanding lately,Cheers to you! What parameters are you using on the daily charts? My thoughts of Good Fortune to you and family as usual my friend.
LOADED for Bear on this entry today guys! I went short big time on the following puts,
EXC Jan. 60 Puts @ 1.80 Already made some nice change on this play on the last downdraft,next trap door that is coming will make that one look like a childs sandbox:))))))))))))) Come join me in the $$$$$$ making:) The water is BEAutiful guys:)))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))
VICTORY! THESE VETERANS and FAMILY,Catch on STRONGER!!!!!!!!!!!VICTORY IS THE ONLY OPTION!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Lee IMHO YM's moving to 450 before another trap door shows it face. Good trading my friend
Arctic August:NYC Sets Record For Coldest Day!!!!!!!!!
http://wcbstv.com/topstories/local_story_233143509.html
Eye you have to understand I play with a large account in a ROTH IRA. I am very careful and always use stops but to scalp 10 pts($500) is not very hard lately. Recently I had a large swing move I posted that was sweet. Go to this site and sign up for the free 30 day trial,best in the country IMHO.
I always take profits and scale my sales,Pigs get slaughtered as I'm sure you know. Can't post much because for some reason fat matt still says I have an Unverified account! After all these years! Imagine pearing back a trader on a trading website because he hates my politics? What a child he is. Hey it is not my loss. Cheers my friend and Good Fortune to you and family. Here is the link I want you to spend time on.
https://www.technicalindicatorindex.com/Default.asp
AD I am looking for an entry in the ZB's(bonds) after this bump there maybe a flight to safety which could prove to be very profitable if we get well positioned into the ZB's. IMHO. Cheers! Hoping I see the mid 109's here again shortly,if so I am taking the plundge.
Eye they are VERY liquid and the daily ranges lately are great to trade,you get a $50 return for each point with only 10 contracts.
You give Dems on THIS board and suzie to much credit. They have repeatedly shown themselves to be hateful and judgemental of anyone with an opposing viewpoint. They are insignificant in their rantings, you should take the posture of rain on a ducks back,let it roll down into the soil where it belongs.
Bruce the right side of the Hurricane is the most powerful,looks like the southern coastline of Jamaica will take a big hit.
Rooster it seems it is Americas fault yet again. I have sympathy for her however you get what you bargained for living under communist rule,the state will take care of her with that marvelous medical system they have so I wouldn't worry about her.
Pot futures are through the roof. On a serious note if the current path and intensity holds my prayers and fears go out to all those people. Never been there however my cousin has told me there is much poverty on Jamaica except for the few gated communities that cater to the tourists.
http://www.storyhouse.org/pearl3.html
Got hit today on a few CSX Nov. 50 Calls @ 1.30
EXC Puts official Double in 2days!!!!!!!!BEAutiful. Come on in guys the water is Outstanding!!!!!!!!!!!!!!
L here is a great read for market thru Oct. Not pretty.
The Dow Industrials tried to rally Wednesday, but at the end of the day we saw another plunge, this time losing 167.45 points closing at 12,861.47, a new closing low for the decline. Since the Dow Industrials topped at 14,021.94 on July 17th, the DJIA has lost 1,160 points, or 8.27 percent. It is not a crash - yet - but it is starting to feel like a slow motion one. Rallies offer selling opportunities for smart money, and the PPT only mitigates the decline, doesn't stop it or reverse it. That speaks to the severity of the situation. The S&P 500 is now in the red for 2007. NYSE volume rose to 89 percent of its 10 day average. Downside volume led at 87 percent, with declining issues leading at 84 percent, with S&P 500 downside points at 93 percent. There have been five 90 percent down days since June, around ! the time of our first Hindenburg Omen observation, which warns of a new Bear Market, not a minor correction of a Bull market. June 7th, July 24th, July 26th, August 3rd, and August 14th.
We sit Wednesday with ten Hindenburg Omen observations since mid-June. This is a sign of an unhealthy market, especially considering we just hit new all-time highs as recently as July 19th, the Intermediate wave 1 top, a significant top, which occurred on a closing basis at DJIA 14,000 on July 19th. Three weekends ago, we presented the cyclical concern we have at this time, a decennial pattern where years that end in 6 or 7 have seen major declines over th! e past century. There was no significant decline in 2006. We are getting one now, Intermediate degree wave 2 down. The Hindenburg Omen warns of the potential for a crash. Wave iii down of 2 down already feels like a crash. Since our recent phi mate turn date, which occurred on Thursday, July 19th, 2007 at DJIA 14,000, the Dow Industrials dropped 1,165 points, or 8.32 percent, in four weeks.
NYSE New 52 week Highs fell to 6, with New Lows rising sharply to 717 Wednesday. New Lows were the fourth highest in 8 years. The second highest since 1999 occurred on July 25th, 2007, about the time this nasty plunge got legs. We cannot say this high reading means a bottom is in place, because that was not the case in the previous three instances of higher New Lows. Markets are operating on the clock of a confirmed Hindenburg Omen signal, meaning there is a far greater than normal risk of a significant decline between now and October. That decline started Thursday, July 19th, our phi mate turn date of July 20th +/- a few days. We are not likely to see any more Hindenburg Omens for the next several weeks as the 10 week moving average is now declining, which stops the signal observations.! A strong rebound could change that, but it would have to be strong in either time or distance.
Wednesday's McClellan Oscillator worsened to negative -258.13, while the Summation Index fell to negative -1,757.25. The percent of DJIA stocks above their 30 day moving average fell to 6.67 from 10.00. The percent above 10 day remained at an extreme oversold 0.00. The percent above 5 day remained at an extreme oversold 0.00. Once these levels drop to zero, we usually see some sort of bounce, to alleviate oversold conditions. However, this is the middle of a plunge, and smart money is selling into every rally, so any rally here may only represent a shorting opportunity. The alternate EW labelings shown in last night's charts are losing probability the deeper this decline runs. Our top labeling has a bloodbath in process, wave iii down.
Our other Blue Chip indicator, the NYSE 10 day average Advance/Decline Line Indicator worsened to negative -668.9, remaining on a "sell" signal from July 18th. The continued large negative reading in this indicator is arguing that rallies should be bought cautiously, perhaps sold into, that there is underlying weakness in the breadth of the market that is dangerous.
We need to take note that the PPT Intervention Indicator has now dropped below the positive + 20.00 threshold where rallies often occur, and is now in the range where declines often occur. Our take on the recent series of readings well above positive + 20.00 is that the PPT did in fact take advantage of the huge short-interest to force several short covering rallies that actually stopped crashes, during days where so much supply hit the markets that all the short-covering rallies could do was minimize the declines rather than push prices higher, as was the case during the Intermediate Wave 1, five year rally.
Gold is holding up better than Silver as Silver is subject to recession risks due to its industrial use. The HUI is also suffering due to its operational risks from being a basket of companies.