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Grover Cleveland

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Drano, if you are short lrcx you should be happy to know it has been repeatedly borked on the crap network by I believe someone named Lisanti. Had to see pm update and SG, now I must be going. Now Groucho is in my head.

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Guest AssMaster

For those of you interested in Gold, Oil & Natural gas, there is a natural gas stock NWN which has been behaving very, very well since I bought it a coupla days ago.

 

Have a look at the stochastics on various time frames.

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I'm staying with BEARX for now and "trolling for turds" to short come January. That's when this ball should really get going and knucklehead hopers start waking up and start selling. Then it'll be dart-throwing season practically. The pile driver will be working double-overtime.

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Interesting aside, from the Hurst cycle book on Doc's site:

 

1. Maximize Your Profits: Where the magic is - the most dollars in the least time - Maintaining 100% investment.

 

2. Timing Is The Key: something new and unconventional is required - What makes prices change - The source of trends - The significance of cyclicality.

 

Refer to #1 for what I do by nature and it works

 

Example in a small cash account I have

 

I did 3 trades total in about 30 days or so

 

First trade the stock rose 32% in a few days

2nd trade from there, next stock rose about 5% in a few days

Last trade the stock rose 25% in 3-4 days

 

Total return is around 75% on the initial money. I bought and sold each trade, plowed the entire amount into next trade.

 

Now with the Rydex Funds, I do the same... only I dont trade that often. I wait for the E Waves and Retracements to come to me....

 

I then trade in whole hog at 200% leverage, and sometimes its for one day, a half day, or 2-3 days.... usually 3 days max at a time.

 

Key is... dont game the tape daily... be patient. Have a system and use it and stick with it once it works, dont deviate or be cute.

 

I would like to see 26.30 gap filled on Q's... but my instinct and gut says after 3 days of this crap, that the next move is down, not up.... and the gap down should fill....

 

We shall see...

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How they lookin' GF? Should be makin' a little now eh?

Have now covered the spread and the comms, hoping for a visit to MaxPain or better yet, SG's 24.50 target. Thanks for checking in, Sweef- typing keeps me from chewing my nails. Over 10K in comms this year so far, and this trade made me sweat. It was the rally from hell :)

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Some very clear Elliott wave patterns are finally showing up today intra-day from the high of 26.07.... and they are bearish in nature... first time I've seen clear patterns in 2 1/2 days...

 

hint hint...

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I couldn't agree more, SG. Furthermore, this market could be stick in a narrow range for a good while. Don't get chewed up ovvertrading. Pick your spots.

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Ebay was hacked on news....

 

I myself got email from official ebay type forum

 

talking about update on my account.

 

The POINT I make here is all this CREDIT and

DEBIT STUFF WILL BRING us down.

 

IN GOD WE TRUST ALL OTHERS PAY CASH

 

PLASTIC MONEY IS JUST THAT

NOW WITH THAT SAID

 

WHOOOOOOOOOOOOOOOOSH

 

GMTFO

 

ORDERS

 

AWAIT<?H1>

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They threw just about everything they had at the market the last two days and all they can show for it is +97 on the Dow. It is weak and near to empty now. Bears rule.

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NDX

 

I would short right now. 1036 currently will see 975 within a few days, or 5.9% drop from here.

 

Rydex would pay me almost 12% on that trade... problem is I cant enter til 4pm.

 

Q's should be heading down hard for a few days from here, I just checked my charts and this is what I see coming....

 

Swiftly too...

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