That rally might not hold because the Mutuals quit for the day at 3pm. The rally is being attributed to the common investors. We shall see. The mutuals might jump back on and see Mondays open as a good opportunity to sell more.

There it is, FeanorFire. We now have proof that the orders ARE CO-MINGLED with other orders. So, anyone thinking they can use the order numbers to track the bulbs is absolutely wrong. Eat my shorts, STLPenny!

There's no proof that the numbers are only for the ionic bulb. All we have is the word of what some customer service person said. You are going to accept that as proof?

geez

Geez... I went to go pee and the market jumps +90 points. What the hell happened?

Commodities have gone red! Yehawww... blood in the streets! Bring it on! Cha-chinnnngggggggg $$$$$$$$$$$$$$$$$$$$$$$

Lookie there. Financials finally turning down. FAZ looking good. Now we need the commodities to go south and we'll have a good old fashion blood bath this afternoon.

It the right location, the snow is absolutely beautiful. It is in Michigan and Wisconsin and also here, an awesome trail along the Cape.

Only 4'? Whimps! LOL

Here's a "dusting" for us. Nothing shuts down here even when we got 25 inches that one day last month. This picture I took after leaving the grocery store.

I think that is because they now define a blizzard as having at least 50mph winds for 4 or more hours. What a joke. A blizzard is a blizzard. Anytime you get 12+ inches, that's a blizzard to me.

Try Bloomberg TV

Look at TZA gooooooooooo....

Nope. I paid more than I wanted but should still make some nice coin.

Picked up TZA in PM at $11.20

Major confusion if these are good or bad numbers.

Hope you feel better.

It's the birth-death portion that is going to make it interesting. It's an annual adjustment and could make things look really really bad.

On the other hand, this rally off the lows I mention is going to be driven a lot by the jobs reports because it's a census year here. That means the government will be hiring 1M people very soon which will be seen as god news to the jobs report. Then, these jobs will disappear sometime like June so the jbs report will go bad again. This is what we want to help move the charts along I post.

I think I may have found a new favorite I'll buy for the next leg down. Look at the moves that EDZ makes and it's super cheap. It's already moved up about 50% from just a couple of weeks ago.

Here's the $VIX 60 minute

S&P 1030 would be about another -200 on the DOW. You can refresh the S&P chart I post to watch for this as it will update in real time.

Tonight's analysis shows the S&P nearing the completion of the head down around the 1030 area. After busting the last thread line at 1080 area, there is a possibility of a retest at this area. A short position can be taken if the retest occurs. Then the right shoulder should start to form taking it back up to around the 1100 area. Signs of a top right shoulder will allow for exits of the short and taking a long position. Here, the markets will turn around again and head back down with this time busting the 1080 and heading lower. It is at this turn around point when long positions should be exited in favor of a nice short position.

No, I didn't. I should of the other day when I was talking about it. Oh well. I'm waiting now. The market needs to complete the Head and then it will form the Right Shoulder. After that, it will head back down and I'll be looking for it to continue down shortly after that.

So, my strategy now is to wait for the market to drop anther 300-400 points where I may go long as it regains maybe like 600 points. Then, I'll go short for probably the entire summer.

You look at TZA today? +$1.03 to close at $11.26 Pegged the stock but missed the buy in. The good news is my TA is spot on. I just need to listen to it more and take a position.

I'll be posting another report tonight once I get my analysis done.

Finally. I was posting this crap on the BAC board back when it was under $7 and got ran off. I hope these guys do time.

If the DOW is unable to generate a rally this afternoon, then it's going down down down.

I'm counting on it but it'll cost me more. Oh well. That happens.

Nope. Looks like I waited too long to get in my short position. Made the right call but let my ship sail without me.

S&P 15 min chart

I feel a world-wide conflict coming.

Same here.

DOW Futures falling

I'm hoping. Looks like the market is going to open down. If there isn't a reversal, I may not go in at all.

Here's the economic calendar.

Feb 5, 2010 @ 8:30am est
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http://biz.yahoo.com/c/e.html

Best shore lunch in the world.

Friday. I think it's at 8:15am.

Back in the days when I was in college, my room mate worked in the biology lab and use to sneak out bottles of gain alcohol. We use to leave it out in the snow with some bottles of the Dr. Then, when they were both ice cold, usually on a Friday night, me and the boys use to sit around and do shots of the grain and chase it with a shot of the Dr. before going out to the bars. Whoa.... makes my head hurt just thinking back about it. Sometimes I wonder how I lived through those days.

The "Dr." or Rumplemintz?

You live in Canada and don't know what walleyes are? OMG! Danger, Will Robinson! Danger!

Don't forget the schnapps in the snow pile.

Nope. Just waiting for that. Looks like the market will be up big tomorrow. TZA is down -.18 in AH I now have my buy in set at $9.65