MrHanky Posted February 18, 2010 Author Report Share Posted February 18, 2010 Funny how the release this news on the day prior to option expiration. LOL Get this sucker back to MAX pain??? Big news ALWAYS the day before. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted February 18, 2010 Report Share Posted February 18, 2010 I'm going to reload if this push this to 1099 area. Link to comment Share on other sites More sharing options...
Trader Joe Posted February 18, 2010 Report Share Posted February 18, 2010 WTF IS HAPPENING !!! Oh.... Higher rates... Bullish.... Buy Stocks! Link to comment Share on other sites More sharing options...
Charmin Posted February 18, 2010 Report Share Posted February 18, 2010 Do I get the idea that we will have a Mr. Widget TurkeyNeck trade tomorrow? Link to comment Share on other sites More sharing options...
joe3pack Posted February 18, 2010 Report Share Posted February 18, 2010 No need to read it. I read the first couple of paragraphs. It's boilerplate. The stuff that has been fed to us for 40 years over the airwaves and from congress and the Texas State House. Of course it makes sense. It is the dominant narrative of the age. One which has become the dominant motivating idea in the lives of millions of people with more every day. The occasional one going over the edge into obsession with seething resentments. Imagining themselves to be the champions of freedom when in fact they are slaves to narrow blinkered sort of reality that has nothing to do with freedom. Educated to define their lives and reality in these narrow ways by those seeking power for themselves. word. Link to comment Share on other sites More sharing options...
joe3pack Posted February 18, 2010 Report Share Posted February 18, 2010 for some time, i've had an appreciation for tim knight's technical analysis and ursine slant, but his holding a hundred or so positions at a time never made sense to me, even if each one popped out of the trading womb with a hard stop loss. from malcolm gladwell's The Tipping Point: There is a concept in cognitive psychology called the channel capacity, which refers to the amount of space in our brain for certain kinds of information. Suppose, for example, that I played you a number of different musical tones, at random, and asked you to identify each one with a number. If I played you a really low tone, you would call it one, and if I played you a medium tone you would call it two, and a high tone you would call three. The purpose of the test is to find out how long you can continue to dis- tinguish among different tones. People with perfect pitch, of course, can play this game forever. You can play them dozens of tones, and they'll be able to distinguish between all of them. But for the majority of us, this game is much harder. Most people can divide tones into only about six different categories before they begin to make mistakes and start lumping different tones in the same category. This is a remarkably consistent finding. If, for example, I played you five very high pitched tones, you'd be able to tell them apart. And if I played you five very low pitched tones, you'd be able to tell them apart. You'd think, then, that if I combined those high and low tones and played them for you all at once, you'd be able to divide them into ten categories. But you won't be able to. Chances are you'll still be stuck at about six categories. This natural limit shows up again and again in simple tests. If I make you drink twenty glasses of iced tea, each with a different amount of sugar in it, and ask you 10 sort them into categories according to sweetness, you'll only be able to divide them into six or seven different categories before you begin to make mistakes. Or if I flash dots on a screen in front of you very quickly and ask you to count how many you see, you'd get the number right up to about seven dots, and then you'd need to guess. "There seems to be some limitation built into us either by learning or by the design of our nervous systems, a limit that keeps our channel capacities in this general range," the psychol- ogist George Miller concluded in his famous essay "The Magical Number Seven." This is the reason that telephone numbers have seven digits. "Bell wanted a number to be as long as possible so they could have as large a capacity as possible, but not so long that people couldn't remember it," says Jonathan Cohen, a memory researcher at Prince- ton University. At eight or nine digits, the local telephone number would exceed the human channel capacity: there would be many more wrong numbers. As human beings, in other words, we can only handle so much information at once. it seems that the bear extraordinaire has come to similar conclusions: Anyway, I've been doing a lot of soul-searching lately about my trading tactics, since the evaporation of my early-February profits has been distressing. I consider myself a nimble trader, but to have to flip from bullish to bearish and back again every few days just isn't my style. I'm a swing trader at heart, and this market is very hostile to swing traders right now. At a minimum, I think I'm going to hold a far small number of much larger positions, so I can "change horses" much more feasibly than before. This is a topic I've been pondering basically non-stop the past week, including when I'm skiing down a mountain. I am completely absorbed by this topic, and I hope I can see my way to a logical resolution. http://slopeofhope.com/2010/02/the-ninesession-surge.html Link to comment Share on other sites More sharing options...
I_Am_Madness Posted February 18, 2010 Report Share Posted February 18, 2010 Stopped out of my EUR trade. Link to comment Share on other sites More sharing options...
vasu Posted February 18, 2010 Report Share Posted February 18, 2010 Stopped out of my EUR trade. how did u decide exit point? It all looked abyss until 1.342 Link to comment Share on other sites More sharing options...
joe3pack Posted February 18, 2010 Report Share Posted February 18, 2010 fed bumps up the bank rate right as we find ourselves in the heavy reamsistance zone. what timing. if the laughterhours carnage persists, being bearish should feel awfully good. dow 66,666! Link to comment Share on other sites More sharing options...
shorty Posted February 18, 2010 Report Share Posted February 18, 2010 top 1% continues on their ruthless plan to exterminate the middle claSS "gee, Joe, you don't look so bad....sure, you lost your house, and your job, and had your 401k cut in half, butt how's about ya bend over and take a lil' serprize 1/4-pernt rate jack right up yer ol' keyster? BWA HA HA HARDY HEE HO!" Link to comment Share on other sites More sharing options...
Lemur Posted February 18, 2010 Report Share Posted February 18, 2010 Wow! Back in to see that cliff dive across the board. Luckily I added an S+P put before I went out. Was stopped out on some earlier today. Hopefully get my money back tomorrow now. Link to comment Share on other sites More sharing options...
DrStool Posted February 18, 2010 Report Share Posted February 18, 2010 3:56 PM. I had that intuitive flash when I looked at the screen and saw that setup on Mr. W. DAMMIT! Anyway, it's still there, frozen in time. Take a picture of it. It may make a great conversation piece some day. Chummin! How's bout it? Link to comment Share on other sites More sharing options...
fxfox Posted February 18, 2010 Report Share Posted February 18, 2010 God shave the queen!!! GBP gets cruzified. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted February 18, 2010 Report Share Posted February 18, 2010 how did u decide exit point? It all looked abyss until 1.342 The last lows... It gapped down at the open. Link to comment Share on other sites More sharing options...
specie Posted February 18, 2010 Report Share Posted February 18, 2010 specie <LI class=avatar> <LI class=title>Bachelor of Stock Proctology Group: Members Posts: 523 Joined: 08-May 09 Posted Today, 03:51 PM no matter how i slice and dice it 30yr Treasury Yields bustin out does it not matter cause the fed/treasury/ptb/wall st whores only "care" about the 10yr? is it any early signal? will a stock market panic need to occur soon? is the breakout in yields inevitable? (ithinkyes) Link to comment Share on other sites More sharing options...
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