The Hallucinogenic Toreador

Back by popular demand – painting and my famous chart

 

Bonus chart – that is where I think The John Galt … screw Ayn Rand – I am not a psychotic woman hungry for love to like that book… SO

That is where I think GOLD  (GLD) (/YG) you name it going

Why (ORCL) WAS a SELL

Let DeMArk-ian chart speak for itself – PERFECT!!!!!

 

Plus double top – oh boy my Love, my Oracle :(

 

 

 

bonus chart – see how that ascending channel has become resistance and it just received a kiss goodbye?

 

 

 

 

 

Sunday June 23rd update ( kind of answering question in comments section)

 

That Elliot Waves counts make me deeply confused individual, just like Kramer... (not to be confused with lying incapable of making money trading himself crook Cramer )

That is why I use D-Wave - even simpleton like myself can count to 5!,

I think it is (on daily) B up wave ( 8th it will complete when closing bar will be lower than 8 prior closes - so it is quite short UP wave. After which C wave down might follow - locks when close is lower than 21 prior closes. it might be quite steep and furious ... or was it fast and glorious? Getting old... forget... I meant forgive me (C might go to as low as above close of wave 3 UP and not to reset wave counts. Next week will be quite telling.

Thank you GoldMan (GS)

Let me just repeat this with George Carlin's intonation

Goldman Sachs: Keep Calm and Carry On Buying

That hit Yah...OO on May 30th 2013

And you will be fine and dandy or one day you will be fine and some other day you will be dandy ...

But on a day like today you wish you were not ... ever listened to you good ole uncle Goldie Man

As of right now you would have lost ( and most of the people with money in that ponzy scheme called free market - did lose) - not much, at least 4% based on SPX performance

 

Well - glad I listened to (GS) and did opposite - stayed short

DavidDT • 21 days ago

replenished short position (I "Ka-ChinGed" about 30% of position yesterday when I said "Ka-Ching" :)

Feeling CONfident in staying short - just got a confirmation from my UnFavorite broker

http://finance.yahoo.com/news/...

OoooKey....

 

Back to business - based on daily SPX chart that concludes correctional A wave down and I might be cashing in my short term puts tomorrow morning on the opening dip.

( yeah - people came home from work now - someone will be selling )

 

 

 

JUNE 21th midday update

 

AS I mentioned yesterday daily WA wave is (for now) completed and next few days we might be trading sideways, creating illusion that market finding “resting level”

I cashed in the rest of SPY puts this afternoon, but holding SPXU (which is close to 95% of my portfolio now). That projection level conveniently right here to help.

 

 

Have a great weekend gang

FED puzzled meeting

I don't really want to even briefly elaborate on this freak show FED is running and starting to be ashamed itself of it sensing nearing end... so, just a quick update:

Closed 1/2 of SPYJul159 puts therefore added to the safety cushion - as always when I have big position I intend to old for a while - I try to trade around in small lots to keep myself interested/preventing disastrous losses should I be 100% wrong.

Short and holding

Back in the USSR - how vigilant we are!

 

 

Below are few communist's posters of Stalin's era

For foreign languages challenged there are translations before posters ( 100% accuracy is not guaranteed)

This is an educament for people who say "not in my country and "I do nothing wrong I do not mind my phone being tapped without probable cause and warrant"

Without further due I present

 

"PARANOYA

OR

HOW TO RAT ON YOUR PARENTS"

POSTER SHOW

IMPORTED FROM USSR - HOW LUCKY WE ARE

====================================================

Be vigilant. Spies and terrorists are everywhere

==================================================

Staying abroad be more vigilant

 

============================================

Be on guard - The enemies are cunning, vile and hard

 

 

Be on guard - if you see something .... say something - enemies are among us

 

The Story of Qs

 

We concentrated so closely on SPX that some people did not pay enough attention to QQQ which for DeMark challenged completed Combo Countdown Sell on monthly ... not too chubby indeed.

 

With the sad feeling I am trading short side now, it is not just a trade anymore - it is a fear that social unrests we anticipated when QE smoking world will sober up to unveil ...

Hard to believe that I live in the more police state than my motherland Russia ... so sad indeed...

 

 

11:15PM

 

THIS does NOT look good ... not for me - for Bulls

"If you see something, say something"

Tried to look it up on the brainyquote.com as to who that belongs to because I was not quite sure .... Stalin? Hitler? Pinochet?

WHAT?????   American Government???? In the Land of the Free???

There have been some mistake indeed and those signs were erected and paid by terrorist to discredit our beloved fearless leaders.

 

 

I think I saw Elvis...

P.S. I am just wondering - how many things someone SAW WERE OF ANY THREAT?

0, ZILCH, NICHEGO, NADA

It all starts with the "bags" then something our relative said that we did not like, then we will be reporting someone who lives better then we do... I came from THAT KIND OF COUNTRY - because I did NOT want to "say something"

Welcome to 1984...

Hourly /ES Channel

Thursday / Friday ramp set me back almost to the square one, but I stick with short bias for now. below is 4 hours interval channel /ES was riding since the top on May 22nd

 

No One Expects the Spanish inquisition

 

But the way things going here one day we might find out and the answer will not be the one we will like…

Similarities between New Normal in USA and home country I have left precisely because of the same reasons are astounding…

At least while waiting for the answer I can enjoy watching short position (I added a little on Friday before market close)

SPX monthly

As Wallfly pointed out in comments section of the last post, my charting software was in la-la land (may be it was me) and we do have monthly Setup sell as well as Combo 13 sell countdown.

At the same time RSI during new highs sloping down - in the old time traditional market it would suggest quite unhealthy market internals, but in FED propped "let 1% prosper" reality it does not really matter anymore.

 

 

 

I would really love to see similar countdowns on multiple timeframes, so I will be watching like a hawk and acting accordingly

 

 

 

Disclosure - I entered weekend with substantial short indexes position which I kept building till market close

 

May 20th update

Bleeding on my SPX short position, leveling it by short Gold position, only 30% of portfolio committed with no leverage at all… none said that catching the top was easy.

Remember old saying: “Wall St cemeteries are full of people who were right at the wrong time”?