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09:05 31.93 Maybe time for the QID Nuke play
Blasher
Seems the PIGs are determined to do the uptick
change with or without SEC. This BS with SEC
may go down WED. Do you have any good grasp on
possible effect other than an inflated LONG numbers
and the timing of this to hold up the market to
these euphoria inflated levels.
""IF"" they go with something like the SEC Circuit Breakers
Levels and then it kicks in should not have too much effect
on day trading as we know it. Say a run on a bank stock
of 5% or so then uptick kicks in. But again changing the dam rules.
5% or so of say GM or equal stock is a few pennies.
Next they will be after 2X and 3X ETF's QLD/QID, FAS/FAZ
Here are the current SEC breaker levels for 2009 Q2
Read "readjusted" at start of each quarter
http://www.nyse.com/press/circuit_breakers.html
Yes, it a load to learn always
Don't go too deep into it or the how's
and why's of days like today will drive you nuts.
The fact of the activity we see from amateur on his keyboard
to full blown main frame systems autotrading is mind bending.
Another thing to consider on unemployed # is the reported number
do not include ANY part timers that are on the street.
Full time only so that again is a skewed total of reality.
A lot of real good explanations of shorts etc are at
http://www.investopedia.com/university/shortselling/shortselling1.asp
might bookmark website
12:40 IN QID 1K shares @ 42.89 / Q's 32.20 area
That's all for me Today
Did not drop the total QID Nuke Load on the top,
I probably should have
NM >> Uncle Ben is on CNBS
Blasher You still around or call it day ??
I can't find my Jester Hat.
In prematket
08:36 >> 32.36 above R1
09:01 >> 32.02
X3 meaning the last 2 bad jos reports
I bet against and it rose BIG. This is
another one and looks like another rise
R2 32.79
R1 32.28
PIVOT 31.75
S1 31.24
S2 30.71
Q's @ AH CLOSE 32.09 RIMM job euphoria
I'm going with RAMPO to R1 plus immediately
>>>FRIDAY will be Lemming Day<<<
Everyone rushing in because they think it's
all over and the bus is leaving town. AM Report #
with blood or not will not matter
As I mentioned X3 No WAY!
In QID 1K shares @ 43.34
Out QID 1K shares @ 43.77
$411.40 >> WEAK, real Weak <<
Maybe Friday's Total Unemployed # will be a bomb drop
>> 08.30 AM << Weapons Arm Hold or Weapons Arm and Drop ???
10:30 I'm Out I'm GONE
YTD HIGH NOW
I saw 31.66, one point below Q's YTD high
I have all of them marked R2 is 31.57 and we are about there
2/09 peak was 31.67
Was reading most of this ramp was baked in
prior. Just above R2. Friday has Unemployment
numbers
02:52 Market going to FULL Insanity Ramp Job
YES When I do NOT Know !!
Just my wild guess but Friday may well blow into the 31's
with Mark to Market BS, regardless of AM employment report
This is why I'm in no hurry to commit to anything at the moment.
13:07 DONE, missed the long play due to indecision and I do not like what I'm looking on top for short. Later today Who knows? Friday will be >> Full Risk Day <<
Later
Take the coin! 30.68
I should have gone long off the bottom
My favorite area again
18:18 Q's @ 30.10 and falling
I mentioned that on my #4788 @
Drop may have been G20 possible walkout ??? Speculation
April 2 >>>> BE VERY CAREFUL <<<<
ALSO G20 is in a rift >> No Lovefest for OB1
Dem's ramming thru more spending bills etc. etc.
11:59 I'm Gone, can't take any more "slow" visual pain
TWO, go to http://www.nasdaqtrader.com and poke around
With the late ramp from yesterday I don't have much faith in any direction at the moment, G20 and Jack in the Box may make me just do quick scalps or walk away.
Maybe we should rephrase to Volatile and Scary Gambling this week!
After last week I should have gone to Vegas instead.
Amazing how you hear nothing of Fannie/Freddie and Sally
to stir the taxpayer outrage.
>>> April 2ND <<<<
Regulators "could" decide to relax Mark to Market
Accounting rules. Same day as Initial Claims and
Factory Orders reports. If they do it will be Green
missiles. Do NOT be on the wrong side of that one.
That timing would be perfect to dampen the bad
Initial Claims and Friday's Unemployment disaster
reports.
25.5 to 1 leveraged is unwinding fast
All Good
If I did NOT feel I was in good honest company,I would NOT be here! PERIOD!
Mistakes are made by all of us, "don't even ask me about my last week" betting
against the herd. These are some of the most volatile,irrational
moves I've ever experienced and it will continue.
Above all KNOW THE TREND and Do Not Fight It.
If in doubt walk away or hedge
Anyone whom is not "heads up"
is banished in my book
this is not a game
the executions/decisions are real
and so are the reality of mistakes
without the Jester Club BS
Good on your puts!!
Don't sweat the calls
Mistakes are """lessons""" not to repeat "if" possible
"Concerned" YES that means we try to look out for fellow traders
The less you read of NM's posts the better for it you will be.
If you want distraction and confusion via his twisted sanity it
is free amusement, otherwise don't even bother to read anything.
11:36 Done-Same, Open was the play
Remember the Jack in the Box!
Obama pop's out at 11:00
I'm looking at it but not convinced worth the attempt
What a day !!! Cash Position looks good
10:56 GM restructure 60 days,
Chrysler/Fiat "will" do deal/merger to bring
"Clown Cars/Obama mobiles" to USA as
FED loan bargin point for $3 Billion more taxpayer funds
Dodge Fiat, Oh Joy!
The Administration now runs Detroit except for FORD
This should really PO the Japanese