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Nocona,
Did you go short when the rsi(5) hit above 74 at 10:30?
ot....Doodleboodle,
You must know that I disagree about your take on the nature of Christ. I do agree that human beings corrupt organizations. That is part of the nature of humans. We corrupt and are corruptible. You know what they say about throwing the baby out with the bathwater.
ot....Will you please enlighten me on what you'd like to see legislated?
ot....So what do you want to legislate? I believe that if you physically harm someone then that is immoral and should be illegal. I think most people can agree on this one. So what parts of morality that aren't currently legislated do you want to legislate?
Don't know how many posts I have left for the day but here goes......Who's definition of morality are you talking about? Yours is going to be different from mine and mine is definitely different from Pat Robertson's. So, let's just stick with the government following the Constitution only. I believe morality is important but it is a disaster when it is implemented politically. The laws of Leviticus forbid wearing 2 types of cloths together such as leather and cotton. They also forbid women from being in their normal living quarters when she is menstruating. If you are married, are you about to tell your wife to pitch a tent in the backyard while she is on her period due to being unclean? Eating shellfish aka shrimp, oysters etc. is prohibited. Do you see where all this can lead? Don't you see this is a recipe for totalitarianism? Who decides? I think we can all agree that murder is wrong and should be prosecuted. Would you like to see people arrested and prosecuted if they lie? Should people be able to watch pornography? How about R-rated movies? How about alcohol being declared immoral because it can lead to all sorts of social problems like domestic violence, drunk driving etc? After all, the old testament prohibits getting drunk. If you say well, I'm ok with drinking beer and eating shrimp but I wouldn't dare kicking my wife out of the house and I don't like pornagraphy but R rated movies are ok then you choosing to make your own rules. This is fine for your self but it is hypocritical to legislate it. Make your laws for yourself and I will make my own laws for myself. Would you want to throw all the non Christians into Gitmo? I hope all this opens up your mind that things are almost never black and white.
Don't know how many posts I have left for the day but here goes......Who's definition of morality are you talking about? Yours is going to be different from mine and mine is definitely different from Pat Robertson's. So, let's just stick with the government following the Constitution only. I believe morality is important but it is a disaster when it is implemented politically. The laws of Leviticus forbid wearing 2 types of cloths together such as leather and cotton. They also forbid women from being in their normal living quarters when she is menstruating. If you are married, are you about to tell your wife to pitch a tent in the backyard while she is on her period due to being unclean? Eating shellfish aka shrimp, oysters etc. is prohibited. Do you see where all this can lead? Don't you see this is a recipe for totalitarianism? Who decides? I think we can all agree that murder is wrong and should be prosecuted. Would you like to see people arrested and prosecuted if they lie? Should people be able to watch pornography? How about R-rated movies? How about alcohol being declared immoral because it can lead to all sorts of social problems like domestic violence, drunk driving etc? After all, the old testament prohibits getting drunk. If you say well, I'm ok with drinking beer and eating shrimp but I wouldn't dare kicking my wife out of the house and I don't like pornagraphy but R rated movies are ok then you choosing to make your own rules. This is fine for your self but it is hypocritical to legislate it. Make your laws for yourself and I will make my own laws for myself. Would you want to throw all the non Christians into Gitmo? I hope all this opens up your mind that things are almost never black and white.
Just because someone may lump me in the religious right category doesn't actually make me a member. All I want from my government is a limited government that actually follows the Constitution. I don't want religious laws enacted. Do you have any knowledge of history when religious laws were enacted what happened? It wasn't pretty. I'm sure you've heard of the Salem witch trials.
OT...Freemarkets,
Are you saying a liberal aka a Democrat aka a Communist aka a Libertarian can't be a Christian? You really must think before you post. I hate this Jesus was a liberal, know he wasn't type of go round. Liberal is a very muddied term and it really is stupid to try and put modern political labels on someone who lived 2000 years ago. Btw, who are you to judge based on a political label who can and can't be a Christian. Stop the religious right's insanity. It starts with you. If you confess that you are a sinner and that Christ is the Son of God who died for you then you are a Christian. Plain and simple.
OT...Pokersam,
Why is it that Bushites always like to refer to someone who doesn't like Bush as a Communist or a very left leaning liberal? I hate Bush and I am a Libertarian. I hate all kinds of fascism whether it be what the Neocons offer or what the Communists offer. Freedom of speech (dissent) is currently under attack. Thomas Friedman of the NY Times has said that those people who don't agree with Bush and the Iraq war should be prosecuted as traitors. I am also a Christian but I believe that power corrupts and the religious right wants to establish a theocracy here while trying to overthrow Islamic theocracies in the Middle East. Our theocracy is better than yours! A lot of Republicans used to have Libertarian leanings until this whole Neocon and Christian Right power grab came about. Bottom line...it's all about individualism vs. collectivism.
OT...Doodleboodle,
I have heard the "this is going to be good for the economy because of all the rebuilding to be done" argument a lot on the news. If this is a true proposition, why not start wreaking neighborhoods so we can rebuild them? Instead of waiting for the next hurricane we can just use explosives on evacuated areas. This is a case of redistribution of wealth. In my opinion, new wealth like energy is never created, it just changes form. In the case of wealth, it switches hands from one to another. Insurance companies will suffer and lumber companies, construction companies will reap the benefits. The spin masters on cnbc who in my opinion are geared towards making the bulls feel better always come up with a way to try and turn roses out of sh**. I agree with your assessment of Bush. Government can't protect you against terrorists if it can't even get you some food and water to you in 4 freaking days. We don't need protection from terrorists as much as we need protection from bad government. We are truly an empire in decline. I just heard Bush talking about protecting us from terrorists while he's in the Gulf area. What a joke we have for a President. IMPEACHMENT time.
Poker and Brig,
I think you guys are being too sensitive. If you haven't noticed, a lot of what I say is tongue in cheek. I have nothing against Texans. You know what they say about Californians.....mess with us and we'll either sue you or just do a drive by shooting. This is a joke. So please, no other Californians wanting to invite me over. ;)
Isn't everybody from Texas religious? Actually, it was your use of holyday. I didn't realize you were mispelling it and meant holiday. Where do you live now? I thought I remember you saying Florida back on CS.
Whoops, forgot the u in religious. Poker, you is weering off on me with that bad spellung.
Yeah, I thought Pokersam is a religios man. He knows about some holy day that I didn't know about. lol....Yes, your spelling sucks but it is amusing though. Your spelling of devorce made me think you are a Texan. Where are you from by the way? Florida?
Poker,
What holy day are you talking about? Or was it a joke...holyday aka holiday?
Rcptrader,
Have a possible explanation for your gap down or up history if you follow presidential cycles. The 1st and 2nd year of a term are not good for the markets while the 3rd is awesome for the markets and the 4th is good but more tepid. We are in the 1st year of the cycle.
Looks like another nailbiter today......lol
Going back to bed
Donna,
We won't dog you unless you start using really bad English and start claiming to be the bestest trader in the world.
Hi Donna,
I'm not getting you. I know that kinda thing happens near options expiration but that's not till the 16th.
Poker,
So......when am I going to lose my A**? Btw, I have twice as many puts as calls. You never hedge?
I have this sneaking suspicion that we're going up. Makes it very difficult to decide if I should bail on the puts.
Anybody know why the q's are so focused on $39? As far as I can tell, there are no major ma's near there. Is it just psychological?
Poker.....when do you think the chops is gonna end and the downside action start? Thanks, you've good lately and we value your opinion. I have my puts on dia and just bought some qqqq calls just in case Chico ends up being right. Gonna try using Nocona's rsi system for exits.
Bull and Bear,
I get prophet's charting service for free because my broker is optionsxpress. You might want to look into seeing what your broker offers. Btw, optionsxpress is pretty good as I have no desire to switch from them. They do more than just options.
Kovu,
I thought the woosh was for the sound of stocks getting flushed down the toilet and the boing for stocks bouncing upward. Guess I got it backwards.
Personally,
I like the political posts. Those who don't care shouldn't read them. We haven't had any arguments yet and so I think you are jumping the gun.
Poker,
I noticed you didn't respond until things went your way. How long do you think you be wanting to hold them calls? Good job on selling the puts.
Are you going to do a bull's pasture report?
Poker,
I think you exited your puts too early. I picked up some dia puts and kept my spy puts. A bottom does look like it's coming soon. However, most of the big downside moves come right before a bottom is put in.
What a little wussy reversal period. Never hit my limit order and I decided to cancel my sell order. Here's to more downside.
We're getting close to that infamous reversal period near 1:30. I'm looking to take profits on spy puts and most likely buy it back cheaper a little later.
I'd like some too.....It's always a great time when we feel super.
Pokersam,
That was a bit patronizing.
Pokersam,
Where do you see support coming in for the Naz and S&P? I'm showing support near where we are now. I would hate to sell too early though and miss out on bigger profits if today turns out to be a bearish engulfing candle.
Weeelll, I'm in on some spy puts just in case youse guys is right.
Not necessarily....we could have a closing up day to make the bears think the game is over and give the bulls hope that the worst is over.
The holiday is Sept. 5th (Labor Day). I personally don't like predicting exactly where we will be on expiration Friday. However, there is still plenty of time to go down from here with Sept. puts. Come on boyz, raise 'er up so I can buy my putsky's on the cheap.
My short term trading currently is to buy puts when the indices reach or excede their 5 dma's. The q's will march right up to the 5 day and then proceed to back down from it. Intra-day, the q's have been both above and below the 50 dma which shows the bulls and bears are fighting it out. I believe the bears will win before expiration Friday this month. The bulls maybe will be able to consolidate right near the 50 before the bears can give the bulls a nasty 'ole bear hug. Then we go to the 200 dma. We are in an intermediate downtrend. I expect to sell any puts I might have when we reach the 200 dma.
I'm looking to start trading spy puts. Gonna wait for it to move out of the middle and towards either suppport or resistance. Have orders in for qqqq and dia puts. I can't help myself though.....I always put in a limit order at bid or a little lower instead of the ask. It's always a little bit of a guessing game where the best fill price will be. I'm too much of a perfectionist and don't always see that close is good enough. I love to hit it right on. Good to see that you use pp's as well. Btw, I think people who don't post should have their name freed up so other people can use it. Maybe he posts somewhere else at ihub. Who knows? I was glad I got to keep Bollinger. Makes it much easier for people to remember without the doodleboodle=sponger etc. stuff. I feel naked without puts maybe I'll go pay up even though I wanted to pay less.
Hey Pokersam,
You don't mind me using your old cs name do you? For the Q's rsistance should be near 38.80 area. Dow should have resistance at 10,465 area. If we go beyond that there is strong resistance at 10, 500. I do hope we come up to those levels before the ride down. It would really suck not to get in before the move. Where do you see resistance?