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Gaps, Curbs, Limit Down


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Today was not a good day for your hero, the IrishJew

 

Bought 850 OTM spoos at the close on Friday, was so freaked out by the action this morning that I sold em for a 25% loss this morning. Had myself convinced that we were going to 949. :(

 

Only to buy them back at the close, cursing myself. I will not swing trade anymore, only intermediate. Repeat after me, I will not swing trade anymore..... <_<

 

Well, if BB had shit day, doesn't make me feel so bad.....

 

I mean, that guy is like a freaking Zen master or some shit....

 

Hey Jimi, you ever run into Bruce Lee aka Black Belt on IDS? He'll freak your shit out man.

 

I'm holding these puts until June, wingohockingmoyamensing 'em.

 

IJ

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Most will warn. Will it mean anything is the answer I seek.

 

You?re funny and poignant in startlingly few words.

 

And other sage ones?..

 

Why can?t I stop wondering ?how much will it gap up tomorrow? It does it everyday. How often do these high g-force body slams result in broker induced forced covering at the high? It feels like Riverboaters can only swerve into oncoming traffic so many times before - poof - your gone.

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Check out the hysteria jams in the Global Markets.

 

Nick Me run right back up to resistance.

 

Europe ran away in a huge spike.

 

Lets watch how they react to the smacking in the U.S. Market.

 

Nowhere else has the entire Planet traded in real time in lockstep with the SOX.

 

Now that the markets are herd trading according to real time data streams, Robot Synchronizing between the DAX, Nikkei, and the Nasdaq will become more problematic as Robot Stop Limit orders must deal with 6 hour time zone delays.

 

Day old info used to be good enough.

 

Now hour old info is ancient for the Robots.

 

I can smell the circuit boards burning and overheating now.

 

Global Synchronicity

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Gosh. The averages almost reached the point of producing a tic of noivvvvvvvz in HRFF. Almost.

 

The BARE keeps waiting FUR a white knuckle rally to short into.

 

HAYWIRE theory keeps stymieing it.

 

oh, well. More of the same ol' same old, namely, holding onto that core URPIX position. May flip back to USPIX when, SNOT if, tech/NASTY/QQQ accelerates to downside fASSter than the S&P, however.

 

SARS'll c to that.

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Ryan Henry over on StockCharts who has become my eWave mentor has an updated annotation on his DJI chart which speaks volumes about what happened today and where Mr. Market is going next:

 

4/7 3.30 - 8335 broken on DOW, 1411 broken on NAZ, key reversal day, VIX bouncing on support, VXN at area seen in recent tops. - THIS RALLY APPEARS TO BE OVER - There will be a WaveSpeak market alert coming out tonight - Rest of analysis in that issue.

 

http://stockcharts.com/def/servlet/Favorit...et?obj=ID418831

 

This guy is the king of eWave as far as I am concerned. You simply can't deny his talents with his counts on charts. :D

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I can certainly deny his talents Realist, No offence intended.

 

Check out panel three. he calls that move up th top of wave 1 well, since we have presumably done 2 and three. Wave 4 cannot break inside of wave 1 so, The count is wrong.

 

Again, No offence intended. Try tomlinson. You get what you pay for. And with Doc, alot more. :grin:

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The Doors-Five to one-Waiting for the sun album- Elektra records.

 

 

Yeah, c'mon

Love my girl

She lookin' good

C'mon

One more

 

Five to one, baby

One in five

No one here gets out alive, now

You get yours, baby

I'll get mine

Gonna make it, baby

If we try

 

The old get old

And the young get stronger

May take a week

And it may take longer

They got the guns

But we got the numbers

Gonna win, yeah

We're takin' over

Come on!

 

Yeah!

 

Your ballroom days are over, baby

Night is drawing near

Shadows of the evening crawl across the years

Ya walk across the floor with a flower in your hand

Trying to tell me no one understands

Trade in your hours for a handful dimes

Gonna' make it, baby, in our prime

 

Come together one more time

Get together one more time

Get together one more time

Get together, aha

Get together one more time!

Get together one more time!

Get together one more time

Get together one more time

Get together, gotta, get together

 

Ohhhhhhhh!

 

Hey, c'mon, honey

You won't have along wait for me, baby

I'll be there in just a little while

You see, I gotta go out in this car with these people and...

 

Get together one more time

Get together one more time

Get together, got to

Get together, got to

Get together, got to

Take you up in my room and...

Hah-hah-hah-hah-hah

Love my girl

She lookin' good, lookin' real good

Love ya, c'mon

 

 

Well some will survive. Mostly us stoolies, I think.

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Nothing trendy, wavy or moving averagy to say now...too amazed...is this market COOL or what? Spike above 200dma, catch some buy orders, then pocket the sucker's money on the way back down. All by leveraged (10% cash on futures) purchases meant to take 100% cash from fundies and hedgies. Maybe a handful of JQ's, though I doubt it.

 

They can reverse the rotors on this money chewing machine at will. I used to think the purpose was to chew up the little guy. But to a large extent, they've already done that. The purpose of the next few weeks will be to do a major clip job on the Hedgers. Long, short, t'wont matter.

 

The genius of Wack Street continues to amaze me. A more perfect scam has yet to be invented.

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