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I am glad you are doing well! Ouch about oil and gas! I was just looking at USO yesterday. The prices are fantastic for the oil tank/furnace, but not so good otherwise. I'm just hanging with SPY for now. Hopefully I will have some time this summer to jump back into options.
I hope you have a great day! Thanks for the note! :)
Hi there, griff! Too busy, no sleep.....same old, same old, different day! :) How have you been?
Thanks so much, reaper! I hope you are doing well! :)
Hi LB!!! I'm so sorry - just saw this note. I need to put a reminder in my Outlook to check in every so often. I'm only playing SPY right now. I cannot be online as much during the day and don't have a lot of time in the evening to do much homework. I prefer to be able to watch carefully when playing options.
How are you doing? Is life treating you well?
Hahaha!!! I'll be sending you dirty looks when you start rattling this winter, cause I'll be freezing mine off too. ;)
Nice seeing you, too, Griff! Have a great week!
I completely understand what you mean, Reaper. I have lists for lists. :) When the market is psychotic like it has been lately, some of those lists don't always follow the rules.
It was nice chatting with you! Hope you have a good week!
You're such a good dad! Is she still at PS? Take care, LB! Hope you had a good weekend!!!
No!!! But I still want to go there! I just watched the movie Couple's Retreat a week or two ago and it was filmed there. Absolutely beautiful!
It was so loud at the game last night, it was unbelievable. Arrieta outpitched us, that's for sure. I was sure hoping for a win, but that's the way it goes.
I hope your Cards do well! Good luck!!! :)
Hahaha!!! Tappioca puddin'?!?!?! That made me laugh out loud!
If I wasn't such a workaholic, life would be much less complicated. I am such a glutton for punishment. I think I would be bored out of my mind, though, if I retired.
How have you been? Are you in FL or CO now? I think you are the one that may be retired by now!!! ;)
Reaper!!! Hi!!! I have mostly just been playing SPY. I've been so busy that I haven't had time to do much research. SPY has become pretty comfortable for me, so I've just been hanging there. The market sure has been crazy (but fun), that's for sure!!!
Awww, thanks LB!!! Hope you are doing well! How's your daughter doing?
Hi DA! Just been very busy. I didn't realize it had been that long. Hope you are doing well! The Pirate game last night was oh so painful. I was hoping there would be a match up between the Pirates and Cardinals.
Hiya, Griff!!! Hi, LB, Reaper, and DA!!! Hope you are all doing well!!!
AD!!! How the heck are ya??? Nothing much happening. Doing well, just very busy!!! I'm so sorry - I didn't realize it has been so long since I logged into Investors Hub. What's happening with you, my bestest guy pal?!?!
Hiya, AD!!! I am SOOO sorry - I haven't been on this site for a while. How are ya??? Right now I'm in KNDI, FE, and just took a small position in USO. I will add to that one over time. I've been crazy busy at work, so that's all I'm in right now. No time for options at the moment and it's driving me crazy!!! :)
I miss ya bunches!!! Hope all is going well!!!
Hiya, AD!!! So glad to hear everyone is doing well!!!
I pray that they get ebola figured out soon. Scary stuff!
Hahaha, AD!!! How are ya, my guy pal? I've been thinking of you and hope all is going well!
You're very welcome, Griff! :)
AWESOME!!!!!!! WTG!!!!! :)
Well hardy har har - the comedian as always! ;)
It is so cold and rainy here today. Yuck! Please soak up some of the sunshine for me!!!
Good luck with your VXX calls! Hope you make a bundle!!!
Have a good week, Griff! :)
You're very welcome!
Yes - I use a 10-min. chart usually. Sometimes I'll use a shorter time frame, but normally the 10-min. I also watch the /ES futures and USD/JPY. That almost always gives me a pretty good feel for what I want to do and tells me how long to hold.
It was in the 40's here today. Grrrrrr!!! Tell me you are not wearing shorts and a t-shirt...please??? :)
Hope you had a great weekend, Griff! I took a half day Thursday, Friday, and tomorrow off. Now if the weather would just cooperate...
Talk to you soon!
Hi Griff! Those puts would have been pretty! I jumped in with some SPY calls this morning and dumped them on the ride up a little. I also bought an AAPL call and am still holding on to it. No major gains today, but enough for dinner and some margaritas. :)
That's awesome about your buddy - glad he got in at a good price!
Hope you have a great week! Talk to you soon!
NICE ONE, Griff - congrats!!! I have mostly been playing SPY and AAPL weeklies lately. I'm all cash over the weekend and am watching the futures. I'll probably go long SPY in the morning unless things change overnight - I'll watch APC.F to see what AAPL might do for tomorrow. I've been buying in the morning and most days I'm out by the end of the day (unless it's a boring, flat day).
Congrats again on your DIA puts - BEAUTIFUL!!!!! :)
Thanks, griff! :)
I was just looking at your DIA - nice job!!! Did you sell on that big dip or are you hanging onto your puts for a bit longer?
Hope you're having a good weekend!
AD!!!!!!! How are ya my guy pal??? Is life treating you well?
Hiya reaper!!! So nice to see ya!!! Thank you so much for your kind words!!!
Hahaha - that equation was making perfect sense to me this week, too!!! :)
Thank you - hope you had a great trading week, too. I hope to be able to stop by more often.
Thanks, again, for the note! Have a great weekend!!!
Hiya griff!!! What a hellacious week - can you make an extra batch of margaritas for me, please?
Awwwww - poor Molly. That's so sad. I hate when they start getting older. She's a tough girl though.
I hope to retire soon. The way this week went, though, I was hoping it could be this weekend! Hahaha!
Hope you have a great weekend and sorry it took me so long to respond.
Well, if our winter is as bad as they are saying it might be, can I camp in your yard??? I promise I'll bring stuff for margaritas. :)
Hahaha about the equation! You get a gold star! :)
What have you been trading lately? I've been trading mostly options. I love the pace of it (well, most of the time that is).
How is Molly girl doing?
Hiya, LB! Thanks for the info - I would love to go see the game! Everything going okay with you?
Nice, LB!!! I am SOOOO ready for some warm weather! :)
Hi Griff! Glad to hear that you are doing better! :)
Hahaha (but OUCH about the salt - that would be PAINFUL)!!! Order three - one for you, one for your arm, and one for me! :)
Hiya Griff! I sure hope your arm gets better soon! You know - I've heard that margaritas really help the healing process along! :)
Have a great weekend!!!
Thanks bunches, AD!!!
I sure hope the Cali folks get some relief. Nice, gentle rain is exactly what they need. If they don't get it, aside from it just plain being awful for them, food/produce prices are going to fly through the roof.
Take care, my guy pal!!! Hope you have a great day! :)
Hi there, my guy pal!!! :) Great to hear from you, too!!!
I've been doing some reading tonight and from what I've seen so far, it seems like the megaphone pattern works on all time frames. It will be interesting to watch and see if it holds true this time.
Hahaha - I need help, too! Maybe we can get a discount - like 2 for 1 or something!
I don't remember any particular tickers for hydrophobic soil conditions, but I did a little research and it seems that humic acid and compost help with it. Home Depot and Lowe's supposedly sell it, but I cannot find a manufacturer that would point me to a stock ticker. I will keep digging and let you know if I find anything.
Take care, AD!!! SOOOO nice to chat with you!!!
Thanks, LB! It's good to be back! :)
Very nice!!! Good luck - hope you make bunches!!!
Hi Griff!!! :)
You're very welcome! Thanks so much for the $DJIA chart!!! WOW - congrats on FAST!!! The puts we are holding now will do awfully well if we get a "FAST" type of move!
YEEEEHAWWWWWWW!!!!! :)
Hiya, AD!!! :)
I agree with you. I think a reversal is on its way.
In case anyone is wondering what a megaphone top chart pattern is, I have copied and pasted the description.
http://www.trending123.com/patterns/reverse_symmetrical_triangle.html
A Megaphone Top is a relatively rare formation and is also known as a Broadening Top. Its shape is opposite to that of a Symmetrical Triangle. The pattern develops after a strong advance in a stock price and can last several weeks or even a few months.
A Megaphone Top is formed because the stock makes a series of higher highs and lower lows. The Megaphone Top usually consists of three ascending peaks and two descending troughs. The signal that the pattern is complete occurs when prices fall below the lower low.
Below is a copy of Griff’s chart from the other day.
Volume in the Megaphone Top usually peaks along with prices. It is usual to see trading volumes increase or remain high during the formation of this pattern. The eventual breakout and reversal can be difficult to identify at the time of its occurrence because volume does not appear unusual.
Trading Considerations
Target Price
The target price provides an important indication about the potential price move that this pattern indicates. Consider whether the target price for this pattern is sufficient to provide adequate returns after your costs (such as commissions) have been taken into account. A good rule of thumb is that the target price must indicate a potential return of greater than 5% before a pattern should be considered useful, however you must consider the current price and the volume of shares you intend to trade.
Criteria that Supports
Volume
Volume in the Megaphone Top usually peaks along with prices. A strong volume spike on the day of the pattern confirmation is a strong indicator in support of the potential for this pattern.
Underlying Behavior
The creation of the pattern reflects a period of time when bulls and bears are battling to gain control of the stock. The pattern occurs after the bulls have been charging and driving the stock price appreciably higher. During the formation of the Megaphone Top, however, bears are exerting increasing influence on the stock and causing it to set a series of lower lows. The increasing volatility eventually creates a sense of uncertainty, leads to profit-taking, and deters some of the bulls from making any further commitments.
The bears eventually triumph.