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Lets fall at Monday


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If we are going to fall, there's no reason for this to get past 1070. I think a move above that and it's trouble.....

 

 

agree, I also think that we should drop. I'm also affraid of any move above es1070. I hope that tomorrow payrolls will kill this beast or at least sideways but no more "up days.

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Longer yellow cycles overtook shorter cycles on Mr. Widget today with an hourly sell near the EOD yesterday being invalidated as price is coming into a daily hole providing stochastic braking action this week and a 50 bar daily bounce trade. Cue crossover's on Mr. Widget using the orange/blue lines laid over price is still reliable.

 

http://www.StockSharePublishing.com/ChartL..._1257458746.png

post-326-1257459183_thumb.png

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I appreciate your style and tactics.

 

Out of curiousity, what kind of plan(s) do you have for the 'What Ifs' ???

 

Like a big Gap Up in the ayem ???

 

 

How big are we talking about...

Everything tracking pretty nicely...

 

I was primarily thinking about a sustained looking move above the 1070 level ... on Fryday or Moonday

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"Smarts, good timing and a touch of the renegade. That’s what it took to pull off the investment coup that Gregory Zuckerman brings to life in “The Greatest Trade Ever.”

 

The trade was John Paulson’s bet against the U.S. housing bubble -- a wager in credit-default swaps that allowed his hedge fund, Paulson & Co., to make $15 billion in 2007, when markets began melting, Zuckerman says.

 

“Paulson’s personal cut was nearly $4 billion, or more than $10 million a day,” writes Zuckerman"

 

http://www.bloomberg.com/apps/news?pid=new...id=asz4dpAANzNs

 

I wonder if he would personally lose 4 Billion if the bet had gone wrong. Have deep OPM's pockets and sit right, wasn't that Livermore's motto?

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And now cometh, with cat-like tread, the Hour of Power, bear's Friday dread. Speak your mind clearly, Lord.

 

:huh: Huh? Wha.... Watchu talkin bout Willis?

 

 

Doc, on New Mr Widget.....is the yellow histogram in the top indicator the same as the one in the bottom (with all the other histograms)?

 

If it's redundant, would be a cleaner view just to see the indicator lines in the top panel...

 

 

Yeah. I'm working on a new template. The problem is that overlapping histograms block the signals of one or more of the indicators at times.

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I'm in full ES short position now added last batch at 1064.

 

Go get 'em Madness! You're call on the 6/24 comparison is right on.

 

Another day of falling volumes. Took a wedgie on my shorts today, but not throwing in the towel until I see some real accumulation appear. I'm 1/2 short, and will double-down one last time if I get the chance. I won't do this until yesterday's shorts are showing a gain.

 

Small problem at this point - life is getting in the way. I'm heading to Nebraska tomorrow to go play with their pheasants this weekend. Gonna have to leave things on the table and hope I don't get bent over. I would usually enter some stops when I'm sitting on a big position like this, but at this point I'm very confident of what we're watching unfold and don't want to get shook out.

 

I sure hope you all can bring in some bad unemployment numbers tomorrow. I'll be watching for a red dawn as I watch the sunrise in the rear window.

 

PS (catching up on few posts over the day: you gold bugs need to expect the gold stocks to follow the market trend. I think the markets are going down, which means I also expect the gold miners to go down. I wouldn't be buying any miners at this point unless you expect the market rally to resume. The physical is finally showing some signs of decoupling with the markets, but that's not for sure yet either. Be careful.)

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